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Intoduction To Entrep. 1.0

This document provides an introduction to entrepreneurship. It outlines the key concepts and competencies that will be covered, including identifying common competencies, explaining core competencies in entrepreneurship, and exploring career opportunities. A pre-test activity asks students to identify true or false statements about entrepreneurship concepts. The document then defines entrepreneurship and discusses factors affecting entrepreneurship like personality and environmental factors. It also outlines core competencies like economic activity, innovation, and risk bearing. Finally, it discusses types of entrepreneurs and potential career paths for those with entrepreneurship skills.

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Paragas Jeanne Marie
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© © All Rights Reserved
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Download as PDF, TXT or read online on Scribd
40 views

Intoduction To Entrep. 1.0

This document provides an introduction to entrepreneurship. It outlines the key concepts and competencies that will be covered, including identifying common competencies, explaining core competencies in entrepreneurship, and exploring career opportunities. A pre-test activity asks students to identify true or false statements about entrepreneurship concepts. The document then defines entrepreneurship and discusses factors affecting entrepreneurship like personality and environmental factors. It also outlines core competencies like economic activity, innovation, and risk bearing. Finally, it discusses types of entrepreneurs and potential career paths for those with entrepreneurship skills.

Uploaded by

Paragas Jeanne Marie
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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Introduction to

Entrepreneurship
Lesson Objectives:
At the end of the lesson the student must be
able to:
1. Identify the key concepts of common competencies;
2. Explain the core competencies in Entrepreneurship; and
3.Explore job opportunities for Entrepreneurship as a career.
Pre-Test Activity:
Instruction: Read the statements carefully then write True if the statement is correct & write
False if you think the statement is not correct.
1. Entrepreneur means “to undertake.”
2. Entrepreneurship is a process of actions of an entrepreneur who is always in
search of opportunities.
3. The greatest significance of entrepreneurship is to help
identify and develop the managerial capabilities of entrepreneurs.
4. Entrepreneurship will lead to the creation of organizations.
5. Entrepreneurship can improve the life of the entrepreneur only.
6. Coward people will become successful entrepreneurs.
7. An entrepreneur is a “Risk Taker”.
Pre-Test Activity:
8. Entrepreneurship is not an economic activity.
9. Entrepreneurs are innovative.
10. Profit potential is the compensation of the entrepreneur.
11. An entrepreneur can become a business consultant.
12. An entrepreneur can also be a researcher.
13. An entrepreneur can also become a salesman.
14. Entrepreneurship graduates can become business reporters.

15. The entrepreneur could easily see the results of his efforts.
What comes into your mind
when you hear the word
Entrepreneur?
Businesses are the backbone of the economy. Entrepreneurs play an
important role in developing the economy through providing the needed
products and services including the solution to the problem of unemployment.

Entrepreneurship is encouraged by the economy because it can provide a lot


of opportunities for the unemployed people. It will increase per capita income,
improve standard of living and increase individual savings, provide revenue to
the government in the form of income tax, value added tax, export duties,
import duties, and balanced regional development.
Concept of Entrepreneurship
The word “entrepreneur” was derived from the French verb
enterprendre, which means “to undertake.” This is pinpointing to
those who “undertake” the risk of enterprise. The enterprise is created
by an entrepreneur and the process is called “Entrepreneurship.”
Entrepreneurs are innovators. They are willing to take the risks and
generate unique ideas that can provide profitable solutions to the
needs of the market and the society.
Factors Affecting Entrepreneurship
1. Personality Factors which include:
a. Initiative - doing things even before being told.
b. Proactive - which means he can classify opportunities and seize it.
c. Problem Solver - which means he can retain good relations with
other people.
d. Perseverance - meaning he will pursue things to get done
regardless of challenges.
e. Persuasion - means that he can entice people to buy even if they
don’t want to.
f. A Planner - he makes plans before doing things and does not fail to
monitor it.
g. Risk-taker - which means that he is willing to gamble but he will
calculate it first.
2. Environmental Factors which include political, climate, legal
system, economic and social conditions and market situations.
Core Competencies in Entrepreneurship
1. Economic and Dynamic Activity - Entrepreneurship is an
economic activity because it involves the creation and operation of
an enterprise with a view to creating value or wealth by ensuring
optimum utilization of limited resources.
2. Innovative – The entrepreneur constantly looks for new ideas, thus
he needs to be creative.
3. Profit Potential - The entrepreneur can be compensated by his
profit coming from the operation.
4. Risk bearing – The entrepreneur needs to gamble but wise enough
to offset the risk.
5. Proactive – an entrepreneur can control a situation by making
things happen or by preparing for possible future problems.

6. Risk Taker – an entrepreneur has the courage to pursue


business ideas.

7. Innovative - the entrepreneur has big business ideas, and he


does not stop improving and thinking of new
worthwhile ideas for his business.
PICK AND TELL…
Activity # 1:

Give at least five (5) names of entrepreneurs that you know, may
foreign or within the Philippines. Identify what are their common
traits as entrepreneurs.
Activity # 2: Essay
Explain the following questions below about the competencies of
entrepreneurs. Write your answer in ½ size crosswise paper.

1.What characteristics can you observe or see that are common


among the entrepreneurs that you have listed?
2.Who among the entrepreneurs that you mentioned do you
admire the most and why?
3. In your own opinion, what do you need to possess to become a
successful entrepreneur?
Types of Entrepreneurs
1. Innovative Entrepreneurs - They are those who always make new things by
thinking of new ideas. They have the ability to think newer, better and
more economical ideas.
2. Imitating Entrepreneurs - They are those who don’t create new things but only
follow the ideas of other entrepreneurs.
3. Fabian Entrepreneurs - They are skeptical about changes to be made in the
organization. They don’t initiate but follow only after they are satisfied.
4. Drone Entrepreneurs - They are those who live on the labor of others. They a
re die-hard conservatives even ready to suffer the loss of business.
5. Social Entrepreneurs - They are those who initiate changes and drive social
innovation and transformation in the various fields such as education,
health, human rights, environment and enterprise development.
Career Opportunities of Entrepreneurship
1. Business Consultant - with the expertise of in the field of entrepreneurship, he
can be a very good source of advices to other
entrepreneurs and would be businessmen.
2.Teacher - a graduate of an entrepreneurship can use his knowledge in
teaching.
3.Researcher - the entrepreneur can be employed as a researcher by an
enterprise.
4. Sales - the entrepreneurship graduate can apply as a salesman.

5. Business Reporter - the entrepreneur being expert in the field, can be


employed as a business reporter.

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