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Module 8 Entrepreneurship

The document discusses entrepreneurship and provides definitions and perspectives from various authors. It outlines key roles and characteristics of entrepreneurs such as being creative, strategic planners, and effective leaders and decision-makers. Social entrepreneurship is described as pioneering innovations that benefit humanity. The document also outlines advantages and disadvantages of owning one's own business, common entrepreneurial activities like food and retail services, and the social responsibility of entrepreneurs to create social value and serve constituencies. It concludes with discussing elements of an effective business plan such as clear objectives, flexibility, and identification of resources.

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60 views

Module 8 Entrepreneurship

The document discusses entrepreneurship and provides definitions and perspectives from various authors. It outlines key roles and characteristics of entrepreneurs such as being creative, strategic planners, and effective leaders and decision-makers. Social entrepreneurship is described as pioneering innovations that benefit humanity. The document also outlines advantages and disadvantages of owning one's own business, common entrepreneurial activities like food and retail services, and the social responsibility of entrepreneurs to create social value and serve constituencies. It concludes with discussing elements of an effective business plan such as clear objectives, flexibility, and identification of resources.

Uploaded by

blanche engie
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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ENTREPREN

MODULE 8

EURSHIP
ENTREPRENEURSHI
P
"It is the effective and efficient way of managing the business capacity
and quality of an individual toward customer satisfaction. The key
concept of entrepreneurship is innovation." - Fajardo (2009)

"Entrepreneurship as all kinds of opportunities in business that can help


reach the target market" - Coloma and Herrera (2004)
ENTREP
RENEU
someone who thinks creatively;
plans strategically; projects clear,

R
realistic, and objective plans.
He/She efficiently organizes,
manages, and faces the risks in a
business
"AN ENTREPRENEUR SHOULD
HAVE THE FOLLOWING
ROLES"
- LEE AND TIU LEE (2008)
Administrator Planner Leader

Good follower

Negotiator Communicator Decision-maker


SOCIAL
ENTREPRENEUR
Pioneers of innovations that benefit humanity. They are drivers of change.

"A social entrepreneur must be a visionary, in that, he/she should see opportunities around
him/her" - Eleuterio (2000)

"Social entrepreneurs are hunter-gatherers of our culture. They look around, see where the
food is, and go get it" - Drucker (1985)
MANAGING
Advantages
ONE'S OWN Disadvantages
• Development of personal
BUSINESS
relationships with customer
• Difficulty in raising capital
• Risk of failure
and employees • Limited management skills
• Flexibility in management • Lack of opportunities for
• Government incentives employees
• Knowledge of record
keeping techniques
• Independence
SERVICE TYPES
RETAILING OF
Retailing is concerned with selling certain
ENTREPRENEURI
Although potential businesses are plenty, the
goods that usually satisfy potential and existing AL areACTIVITIES
following the common forms of profitable
customers. It extends beyond mere selling and entrepreneurial ventures:
involves the following services: • Food services
• Lodging services
• Financial services
• Storekeeping
• Recreation and tourism services
• Pricing
• Transportation services
• Advertising
• Personal services
• Record-keeping
• Repair and maintenances services
• Maintaining
• Rental services
SOCIAL
RESPONSIBILITY OF
1. ENTREPRENUERS
Adopt a mission to
2.
Recognize and
3.
Exhibit a heightened
relentlessly pursue sense of accountability
create and sustain
new opportunities to to the constituencies
social (not just served and for the
serve that mission:
commercial value. outcomes created.
PHILANTHROPISTS ACTIVISTS

He/she donates a considerable Activists who put pressure on


amount of money to a foundation policymakers and the public to
that supports or helps the less stop a specific practice are not
privileged. social entrepreneurs
DEVELOPING A
BUSINESS PLAN
A. B.

WHAT TO DO. HOW TO DO IT.

C. D.

WHEN TO DO IT. WHAT TO


EXPECT IN THE
FUTURE
IT SHOULD HAVE THE
FOLLOWING
REALISTICCHARACTERISTICS:
BASED ON
FELT NEEDS

STARTING
FLEXIBLE WITH A
SIMPLE
PROJECT
CRITERIA FOR
BUSINESS • Clear Objectives.

PLANNING
• Satisfactory accomplishment of objectives in terms of quantity,
quality, time, and cost.
• Provision of guidelines to attain objectives.
• Identification of departments/units involved.
• A set frame or duration.
• Specified resources and corresponding costs.
• 7. Designated and accountable officers/executives.
Thank You

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