This study aimed to investigate the frequency manifestation entrepreneurial competencies and the profitability and performance of food industry businesses in Northern Samar. It also aims to propose inputs for a sustainable food business model based on these competencies. Data was collected from food industry owners/managers and two employees per business using a questionnaire. The sample was selected randomly from a list provided by the Department of Trade and Industry, based on business capitalization and assets. A total of 60 businesses participated in the study.

Entrepreneurial competencies were measured using an inventory based on Alcano’s instrument, which assessed managerial, interpersonal, and venturing competencies. Data analysis involved calculating the weighted mean to assess competency levels and Fisher's t-test to compare differences in competencies across business types. The study also used an impact assessment survey to evaluate the effect of these competencies on business growth and profitability.

Findings show that most entrepreneurs possess basic competencies, particularly in leadership, interpersonal skills, and ethical behavior. However, despite being competent in managing business operations, their growth remains limited, as most businesses have not expanded in terms of outlets or employees. Profitability has improved steadily due to increasing client numbers, though growth is insufficient for competing with larger corporations.

This study highlights the importance of entrepreneurial competencies in driving profitability but underscores the need for increased capitalization and strategic investments for long-term growth. It proposes a sustainable business model designed to address these gaps and foster business development in Northern Samar.

Authors:
Gina Galvez, University of Eastern Philippines, Philippines

About the Presenter(s)
DR. GINA DE ASIS-GALVEZ is currently an Associate Professor V of the University of Eastern Philippines, University Town, Catarman Northern Samar, Philippines

Connect on Linkedin
https://www.linkedin.com/in/gina-galvez-b98b19204/

See this presentation on the full schedule – Monday Schedule

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