CONCEPT OF

ENTREPRENEURSHIP
Prepared by:
Ms. Cristine Joy M. Vergara
Teacher
ENTREPRENE
URSHIP
It refers to the concept of developing and managing a business
venture in order to gain profit by taking several risks in the
corporate world.
 OPPORTUNITY ECONOMIC AND
INNOVATION SEEKING AND PERSONAL
EXPLOITATION REWARDS

RESOURCE
MOBILIZING
ENCOUNTERING
RISK AND
UNCERTAINTIES
DEFINITI
ON
Who is an
Entrepreneur?

ENTREPRENEUR AN ENTREPRENEUR
It is derived from ‘entreprendre’ meaning to Is an owner of a business who invest his/her
‘undertake’. resources to bring idea to life, setting the direction
that transforms that idea into reality, thus providing
and gaining value that balances effort, purpose and
profit.

4
Entrepreneurial
Activities
is the enterprising human action in pursuit of the generation of value,
through the creation or expansion of economic activity, by identifying
and exploiting new products, processes or markets.
10 COUNTRIES
ENTREPRENEURSHIP
 Noted to be one of the friendliest countries foe
entrepreneurs in the world UNITED STATES 01

This emerging country is home to budding entrepreneurs

who manufacture different products
CHINA
02

A small country controls a significant portion of the country

in ASIA.
SINGAPORE
03
 One of the most appreciated nations worldwide, with many considering it one of the best
04 CANADA places to not only open a business, but also start a family and raise kids.

05
A country in the Asia-Pacific rim with a strong base of
INDIA entrepreneur organizations led by the youth and women

06 TAIWAN
A country provide incubation for the small and medium
enterprises.
 Hongkong knows as a “Shopping Haven” HONGKONG 07

Long ranked as one of the fastest growing countries in Southeast

Asia, Thailand has conquered its place as one of its top exporters. THAILAND
08

A country who become friendlier to entrepreneurs MALAYSIA

09

10
Home of one of the biggest brand in the market
such as Samung, Hyundai, and Kia SOUTH KOREA
 LESSON 2:
DEVELOPMENT OF
LESSON 2

ENTREPRENEURSHIP
EVOLUTION OF
ENTREPRE
NEURSHIP
11
THE EARLIEST MARCO
PERIOD
POLO
ENTREPRENEURSHIP Was exhibited by
Marco Polo in the year 1254-1324)

An Entrepreneur like Marco Polo were what we

refer to as Merchant-travelers and were what we can
consider some of the first entrepreneurs.

12
 THE

01
Your second step

MIDDLE

02
Your first step

Your third step AGES

04
Entrepreneurs in this age, is a have control
and authority of construction works such
as public buildings and churches.
03

A typical entrepreneur in the middle age

Your fourth step was the priest.
 THE 17 TH

CENTURY
In 17th century, the evolution of entrepreneurship can be
related with the relationship between risk and entrepreneurs.

Richard Cantillion, an economist defines

entrepreneurs as a risk taker and bearer of uncertainty.

14
THE 18 TH

CENTURY
The Entrepreneurs was distinguished from the capitalist the
who simply provides money for the creation of products to be
sold.
JOSEPH SCHUMPETER
Refuted the idea of entrepreneurship as a
manager of the firm and
Espoused the concept of the entrepreneur as
innovator

19 TH
THE 20TH
CENTURIES
THE 21
ST In 21st century, Entrepreneurs are known as a hero for
Free Enterprise market..

CENTURY
History and Evolution of
Entrepreneurship
In the Philippines
 PHILIPPINES
Entrepreneurship in general started during the dawn of civilization, when one artisan trades one of
his crafts for another item during the age of barter system.
SME
SMALL AND MEDIUM-SIZED ENTERPRISES

SMEs are defined as any enterprise with 10 to 199 employees

and/or assets valued from P3 million to P100 million. (SMEs)
are non-subsidiary, independent firms which employ fewer
than a given number of employees.

20
 ACCORDING TO
PHILIPPINE STATISCTICS
AUTHORITY
915,768 BUSINESS ENTERPRISE ARE OPERATING IN THE COUNTRY IN 2016

MSME
Micro, small and medium enterprises

An MSME in the Philippines is defined as any business activity or enterprise engaged in industry, agri-
business and/or services that has:
Enterprise By Asset Size By Number of Employees
Micro Up to P3,000,000 1 - 9 employees
Small P3,000,001 - P15,000,000 10 - 99 employees
Medium P15,000,001 - P100,000,000 100 - 199 employees

21
Magna Carta for Small
Enterprises
The Magna Carta was passed in 1991 as RA 6977, amended by
Republic Act 8289 in 1997, and further amended by RA 9501 in 2008.
The law is considered a landmark legislation which reflects the current
national policy to foster a dynamic SME sector, particularly rural and agri-
based manufacturing ventures.

22
The Barangay Micro, Small,
and Medium Enterprises
An act to promote the establishment of barangay micro business enterprises
(bmbes), providing incentives and benefits therefor, and for other purposes.

23
RA 7882, THE ACT PROVIDING
ASSISTANCE TO WOMEN
is a particular legislation that recognizes the special role of women in development and supports
women entrepreneurs in manufacturing, processing, service and trading businesses. Republic Act
No. 7882 is enacted primarily to provide assistance to Filipino women who are engaged in small
business enterprises.

24