A major factor in the growth of economies is the presence of a large number of entrepreneurs who have started small and medium enterprises. In an era of liberalization and globalization, small and medium entrepreneurs are facing stiff competition. Will the Filipino entrepreneur be able to withstand the pressure of
competition brought about by the entry of foreign products? Is he ready to venture into foreign markets? It is imperative that the quality of Filipino entrepreneur be enhanced for him to respond to the challenges ahead of him.