Report: Skill Gaps and Training Needs in Businesses Creation – Association of Development Facilitators & Enterprise Counselors (ADFEC) – The Philippines
SUFFICIENCY OF FINANCIAL COMPETENCIES Moderate
Low
TO UNDERSTAND AND TO UNDERSTAND AND READ PROFIT AND LOSS USE FOR MANAGMENT STATEMENTS PURPOSE THE CASH FLOW STATEMENT
TO UNDERSTAND AND READ BALANCE SHEET
23
23
25
14
12
14
13
TO BE ABLE TO UNDERSTAND AND IMPLEMENT PRICING TECHNIQUES AND STRATEGIES
23
24
19
17
16
18
18
22
24
27
28
High
TO KNOW AND TO BE ABLE TO UNDERSTAND THE UNDERTAKE EFFECTIVE PROFITABILITY RATIOS FINANCIAL CALCULATIONS FOR BUSINESS PURPOSES
Chart 20. Level of Sufficiency Of Financial Competencies Business planning- More or less equal proportions of respondents rated themselves as low, moderate or high in sufficiency on the skills of preparing a business plan and presenting this to donors, clients and employees. SUFFICIENCY OF BUSINESS PLANNING KNOWLEDGE & SKILLS Moderate
Low
TO BE ABLE TO UNDERSTAND AND PREPARE A BUSINESS PLAN
17
19
20
20
20
24
High
TO UNDERTAKE BUSINESS PLAN PRESENTATION IN FRONT OF DONORS, CLIENTS, EMPLOYEES
Chart 21. Level of Sufficiency Of Business Planning Competencies
7. Survey participants’ views on how skills could be upgraded and retained Key findings: ● Face-to-face modes of training is the preferred mode for training. ● Respondents like to see how others do things, and also benefit from the experiences of others
● Their least preferred methods for learning include self-study, online learning, and exchanging views with other entrepreneurs.
Based on the data summarized on Chart 22, participants prefer to learn by (1) actually observing how others actually do it, (2) benefitting from the experiences of others, and (3) learning in face-to-face settings of training sessions, in that order . Least preferred were selfstudy and online learning. 19 GET YES 2 – February/March 2021
