Copy and Paste mentality, Entrepreneurship in the Philippines…

Entrepreneurship in the Philippines is commonly known as “Pagnenegosyo”. But what makes Entrepreneurship in our country different from other countries around the world?

In the latest understanding of Entrepreneurship, Innovation already became synonymous to entrepreneurship. It is said that in order to be successful in the field of entrepreneurship, innovation is the key. But in the Philippines it is a different story. It is imitation rather than innovation which would define an entrepreneur’s success, I call these the copy and Paste mentality which what I think is only present in the Filipino Culture. But what is this mentality?

In the Philippines if you have a business and people will view it successful it wouldn’t be surprising if you find another business of the same nature will be situated beside you in just a matter of weeks. This has always an object of jokes in the country that if you put up a small store and you are making profit a few stores would pop up like mushrooms a few meters form you which would eventually close down due to intense competition.

This is not true to small and micro enterprises in the Philippines but also with medium enterprises. Let me site out an example there was a time that the pearl shake became famous in the country and several stores as well as franchises suddenly existed out of nowhere which resulted to price wars and intense competition which made drove the smaller business and even some of the medium enterprises out of business.

Why is these said that it defines an entrepreneurship success if it puts a few entrepreneurs out of business? This is because one would only know that his/her business is becoming popular by the sudden increase in competition. It defines an entrepreneurs success because one would need to survive this competition which again innovation would take its lead role, but because of the copy paste mentality some entrepreneurs would rather play it safe than to venture in a new innovation.

This mentality of the Filipino’s or to put it generally of entrepreneurs should be corrected in order to make their own mark in the industry or even in their respective country.

~ by jayc1216 on March 3, 2008.