Make Me A Millionaire: Entrepreneurship breakthroughs
Taking an idea to success: is it a disrupter or sustainer?
Moderator: Anita Agrawal, president OWIT (Ontario Women in International Trade)
Speakers:
- Myrna Yao, Founder, CEO, Richprime Global Inc, leading distributor of branded children’s products and tires in the Philippines
- Rowena Romulo, Owner, Romulo Restaurant Group UK Limited, London, United Kingdom
- Isabelita "Lita" M. Abele, President and CEO, US Lumber, Inc., Woodbury Heights, New Jersey, USA
The “Make Me a Filipina Millionaire” is a signature FWN women entrepreneurship thought leadership session focused on the business side of the quintessential Pinay. Filipina Millionaires who have shared their stories in previous sessions include Loida Nicolas Lewis, Angelica Berrie, Maria Banatao, Sherri Burke, Zeny Cunanan, and Lita Abele, Nimfa Gamez, Cora Alisuag. Dr. Tess Mauricio, and others in finance, real estate, healthcare, personal services and manufacturing.
Are our Filipina women entrepreneurs business disrupters or sustainers? Our millionaires will engage in a bold conversation on becoming millionaires, how they did it, sustain it and own their success without the guilt yet sharing their prosperity with those who need it. Attendees will leave the session feeling proud of our Filipina sisters who took action on their ideas.
• A
disruptive innovation helps create a new market and value network which eventually disrupts an existing market and value network (over a few years or decades), displacing an earlier technology, product or service. The term is used in business and technology literature to describe innovations that improve a product or service in ways that the market does not expect, typically first by designing for a different set of consumers in a new market and later by lowering prices in the existing market. (E.g., the lower priced Ford Model T or the iPhone)
• In contrast, a
sustaining innovation does not create new markets or value networks but rather only evolves existing ones with better value allowing firms within a market to compete against each other's sustaining improvements.
SESSION DESCRIPTION: The Conversation will begin with a moderator’s overview of what entrepreneurial legacy means, how Filipina women entrepreneurs create change through their businesses, the roles they play in the workplace, and how they have created a global imprint.
As Asian entrepreneurs extend their international reach, the next chapter is the rise of Asian women businesses and brands. As the benefits of branding grow ever-more clear,Asian companies are investing heavily in strengthening their brand equity. Brand development not only poses difficult challenges for Asian-owned firms, but has apotentially huge impact on consumer choice in the U.S. and worldwide. For many Asian companies looking to expand their reach, brand equity is the new must-have asset.
The selected speakers will provide their perspectives on any of the following questions:
- How did you reach your first million (US dollars and Philippine pesos)? How do you sustain it?
- What inspired you to start your business? What’s your business legacy? What’s your market reach?
- What’s your business brand? How do you strengthen your brand equity? What’s your global imprint?
- What’s one memorable challenge and how did you solve it?
- What’s one success you’re proud of and how did you make it happen?
- How would you differentiate your path to success from your fellow entrepreneurs?
- Do gender and cultural diversity play a role in your successes and pains? If so, how? If not, why not?
- Identify one most important resource or factor that gave you the most advantage or disadvantage in setting up and sustaining your business or practice.
- Did you have a femtor; a sponsor? What’s one memorable advice you received?
- How do you share your prosperity?
- How will you inspire new Filipina entrepreneurs today?
- If you had to do it again, what would one thing you would do differently? What’s the future for you?
- How would you like FWN partner with you?
FORMAT: Filipina Women's Network uses a fishbowl discussion format ala "The View" television program. Instead of speaking directly to the audience, we encourage speakers to have a "conversation" among themselves with the audience "listening in". A volunteer will collect audience questions on index cards and will hand these questions to the Moderator so they can be incorporated into the conversation. We have found the fishbowl to be fun, engaging, and does not disrupt the conversation flow as well as being time efficient especially in managing duplicate questions.
Conversationalists are encouraged to look outside the traditional world of work and business and at the broader issues and external forces (STEEP: social, technological, economic, environmental, political) that influence the workplace and the Filipino community today and its impact in the next ten years. Looking to the future, outside-in thinking. The Moderator will reserve 10-15 minutes of the allotted time so attendees will be able to synthesize the issues and/or comments raised by the conversationalists and can have a discussion among themselves. We will then ask each group to voluntarily report back with a 1-2 minute Action Statement.
AUDIENCE ACTION: Group conversations on issues raised by the speakers. Strategies and actions? 2 minutes for each Group Report.
- What’s one key take-away? Why?
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Dress Code: Business Casual. Wear comfortable walking shoes.
Why wear your All-Access Name Badge? - All Access Name Badge has a different color
- Entry to board shuttle
- Entry to off-site events and Learning Journey
- Entry to summit educational sessions
- The badge is your meal ticket except during the Gala. A separate meal ticket will be provided and collected by the waiter.
Contribution: Included in All-Access Summit Pass registration
FWN's Photographer/Videographer Policy:
FWN will have an official photographer and videographer on-site at all summit events. You are NOT allowed to bring your own photographer/videographer (even as a guest) to any of the events without media credentialing approval from FWN.
