Report: Skill Gaps and Training Needs in Businesses Creation – Association of Development Facilitators & Enterprise Counselors (ADFEC) – The Philippines
IMPORTANCE OF BUSINESS PLANNING Low Importance
Moderate Importance
High Importance
Extremely High Importance
3
2 0
1
0
4
16
19
36
39
Not Important
TO BE ABLE TO UNDERSTAND AND PREPARE A BUSINESS TO UNDERTAKE BUSINESS PLAN PRESENTATION IN FRONT PLAN OF DONORS, CLIENTS, EMPLOYEES
Chart 15. Level of Importance Of Business Planning Competencies
6. Knowledge and adequacy of skills requirements associated with running a business Key findings: ● The data indicate that the young people who took the survey were somewhat confident in themselves as they rated themselves “moderate” in sufficiency on most skills listed. However, the frequency distribution of scores indicated that they viewed their skills as inadequate for enterprise. ● In entrepreneurial competencies, they felt moderately to highly sufficient in their skills. ● The competencies where respondents’ skills were mostly low to moderated were on ideation, marketing, financial competencies, and business planning. These are their greatest training needs. After rating the importance of skills for running an enterprise, respondents rated their own adequacy or sufficiency on those same skills if they were to run their own enterprise. Entrepreneurial competencies- Over half of the sixty young people who responded to the survey could be surmised as being moderate to highly confident in themselves with respect to entrepreneurial competencies, as shown in Chart 16, where their ratings on personal sufficiency on these skills are shown to be mostly moderate to high.
16 GET YES 2 – February/March 2021
