Report: Skill Gaps and Training Needs in Businesses Creation – Association of Development Facilitators & Enterprise Counselors (ADFEC) – The Philippines
4. Running a business – Expected or Experienced Problems Key findings: ● The families to which the young would-be entrepreneurs belong approve of their going to business, so objections from the family, which is an important factor to consider in Philippine culture, will not be a problem. ● The problems which weighed heavily in most respondents were those related to business management competencies, such as having a clear strategy, managing change, costs, taking over entrepreneurial functions, conflict management, digital transformation, and marketing.
● The problems cited were those that could be addressed in a competency training program, designed precisely to equip the youth to address those competencies they find important. Respondents were made to rate the weight of 19 problems they either experienced or expected to experience in business. The rating scale of low, moderate and high were translated numerically as 1, 2, 3 which were then used to multiply the response frequencies obtained from the items. Chart 8 below shows the spread of scores on the different problems, and Chart 9 next page shows the weighted average of each problem across respondents. Weight of Expected or Experienced Problems 100% 90% 80%
19
20
16
17
20
15
13
19
23
16
11 19
20
17
14
17
9
13
70% 60%
22
50% 40%
2
9
12
14
21 37
35
31
25
31
37
27
23
27
31
22
25 25
31
29
30 38
30% 25
20% 19 10%
12 6
13
14
7
21
19 14
11
14
16 21
15
11
14
18
15
0% I lack the skills and I am not yet ready It is dif icult to I do not have the I am not able to take The process of The process of Starting and running I'm lacking a clear It is hard to recruit Managing possible The business lacks Family and business Family does not Managing costs and Financial aspects of knowledge to and well prepared to manage the changes technical knowledge over all the functions establishing, running entrepreneurship is a business is very business strategy and grow the human conflicts resulting the organisation and matters are complex accept me as calculating the prices managing a business manage the business run the business that business about starting or that the and expansion of very demanding in demanding in terms resources well from the business division of tasks and intertwined entrepreneur is challenge for me is not my thing process is requiring running some entrepreneur need business is not clear terms of of bureaucracy process business to to me family/friends relations
I'm not well Selling process is prepared for the exhausting me the digital most transformation of doing (smart) business
I'm facing business Other (please related issues that I specify): cannot manage and discuss with others
Low Moderate High
Chart 8. Weight of Expected /Experienced Problems
11 GET YES 2 – February/March 2021
