Characterizing Young Ilocano Entrepreneurs

Abstract

Entrepreneurial competencies are vital to the success of a certain venture. This study aimed to explore and have a deeper understanding of the characteristics of young Ilocano entrepreneurs in the first district of Ilocos Sur. This study used quantitative research. A total of fifteen (15) young Ilocano entrepreneurs in the First District of Ilocos Sur participated in the research through the use of the snowball technique and convenience sampling. The study focused on Personal Entrepreneurial Competencies and has three (3) clusters.: Achievement, Planning, and Power. Results show that young Ilocano entrepreneurs along power have a high value for power and are motivated by their need for power which capacitates them to lead their organizations; they have a very high value for achievement, which could also mean that it is innate in them to manifest the values of excellent output through quality, efficiency, persistence, and commitment; and they possess good management foundation. Ilocano entrepreneurs are encouraged to strengthen their networking by joining local organizations related to the business they are into, trade associations, and, business incubators.