Added Title

DLSU-AKI Policy Brief, Volume X, No. 7

Document Type

Policy Brief

Publication Date

2-2021

Place of Publication

DLSU-Angelo King Institute, Room 223, LS building, 2401 Taft Avenue, Manila 0922

Abstract

Alongside profit maximization and value creation, enterprises are in the pursuit of entrepreneurial venture growth. The need to pursue entrepreneurial venture growth given the risks brought about by a volatile, uncertain, complex, ambiguous, and disruptive (VUCAD) world (Rafael et al., 2020) is vital to sustain entrepreneurs’ income, to continue generating employment, and to continue providing value-adding products and services for society. However, entrepreneurial venture growth requires the capacity to produce products that are acceptable to the market; and the level of support given to enterprises to help them produce, innovate, and gain market access. Various functional areas of the business and government can work together to achieve this objective. From an empirical analysis of the Philippine Global Entrepreneurship Monitor (GEM) Adult Population Survey (APS) for 2006, 2013, 2014, and 2015, an auxiliary strategy was derived to make this happen.

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Disciplines

Entrepreneurial and Small Business Operations

Keywords

MSMEs; Entrepreneurship; Profit Maximization

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