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Entrepr Week 2

The document outlines the concept of entrepreneurship, defining it as the process of creating, launching, and managing a business venture. It highlights key characteristics of successful entrepreneurs, such as risk-taking, innovation, and the ability to recognize opportunities. Additionally, it discusses the societal benefits of entrepreneurship, including job creation and economic growth, while differentiating between entrepreneurs, managers, and traders.

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Cecille Alcanar Maria
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5 views21 pages

Entrepr Week 2

The document outlines the concept of entrepreneurship, defining it as the process of creating, launching, and managing a business venture. It highlights key characteristics of successful entrepreneurs, such as risk-taking, innovation, and the ability to recognize opportunities. Additionally, it discusses the societal benefits of entrepreneurship, including job creation and economic growth, while differentiating between entrepreneurs, managers, and traders.

Uploaded by

Cecille Alcanar Maria
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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REVIEW

Activity
• 1. It refers to the concept of developing, creating
launching and managing a business venture.

2. He is willing to work for himself and


by himself.
• 3. Willingness to adopt changes in processes
and products as they are needed

• 4. Know how to use the right strategies


to influence or persuade other people

5. It is understanding how money


works.
• 6. It is the willingness to face
challenges.
7. It helps find motivation and is the
fuel for successful entrepreneurship.
• 8. The ability to connect with others and
recognize partnership opportunities.

9. Traits having a good eye in


spotting the business opportunities.
ENTREPRENEURS
HIP
Lesson 2 :
Concept of
Entrepreneurship
ENTERPRENEURSHIP
Objectives :
1. Understand the key concepts of entrepreneurship.
2. Explore job opportunities as an entrepreneur.
3. Familiarize with the good characteristics of a good
entrepreneur.
4. Appreciate the positive viewpoints of entrepreneurial
skills.
The word “entrepreneur”
• derives from the French verb enterprendre,
which means to
undertake.
The Concept of Entrepreneurship
EntrepreneurEntrepreneurship Enterprise

PERSON PROCESS OF
ACTION OBJECT /PRODUCT
Entrepreneurship
IS A PROCESS of action

Create Launch Manage

New Business
New Ideas
New Goods or Services
New Procedures
Entrepreneurship
• Decision making
• Innovation
• Implementation How entrepreneurship
• Forecasting of the future developed
• Independence
• Success
Entrepreneur
Develops
Creation
 Business
Ideas
 Good and Services
Procedure No Assurance of
Survival
Risk taking
Entrepreneur

• Opportunity • recogniz • organize the


seekers e the resources
market needed
potential of • turn creation
creativity
into useful
market
Jobs Where You can Gain Entrepreneurial Skills
• Advertising, Marketing, and Public Relations
• Business Development:
• Design:
• E-commerce and Social Media:
• Management
• Software, Web, or App Developer:
• Real Estate:
• Sales Manager/Account Executive:
• Consultant: • Product Manager:
Benefits of Entrepreneurship to Society
• It helps increase employment opportunities
for unemployed youth.
• It also supports the increase in per capita
income,
• Supports higher standard of living,
• Contributes to the revenue to the government
(income tax), sales tax, export duties, import
duties
Entreprene Businessm
ur
All Entrepreneur an individual
Not all Business
are business individual are entrepreneur
Entrepreneur and a Manager
An entrepreneur is A manager with running
involved with the start-up the business over a long
process time
An entrepreneur assumes A manager does not have
financial, material and to bear risks
psychological risks A manager by the
An entrepreneur drives by resources he currently
a perception that sees an possesses
An entrepreneur initiates A manager follows the
change rules and procedures
An entrepreneur is his A manager is a hired
own boss employee
TRADER ENTREPRENEUR
A trader is not always an An entrepreneur is also a trader
entrepreneur Involve in creating a new
Involve in buying and selling product
Always work out to gain profit Besides profit, satisfaction and
successful also considered
Not interested in new Always alert and follow any
technology evolvement and modern changes and
current changes technologies
Selling usual stuff Introduce new products
Competition is a common Competition is a challenge that
challenge needs further details
Farsighted and try to improve in
WAGE EMPLOYMENT
ENTREPRENEUR
Work for Others Own Boss
Follow Instructions Make own plans
Routine Job Creative activity
Earning is fixed Can be negative
never pessimistic
sometimes, generally surplus
Does not create wealth
Creates wealth, contributes to
Can choose from: GDP
Government service, Public Can choose from:
sector, private sector Industry Trade or Service
Enterprise
REVIEW OF THE TOPIC
 The word Entrepreneur originate from
Entreprendre.
 An entrepreneurship is a process of
creating, launching and managing
 An entrepreneur is an individual that
develops new creation.
 All Entrepreneur are Business
Individual but not all Business
Individual are all Entrepreneur.
Assessment:
1. How would you define entrepreneurship?
2. What is entrepreneur?
3. How important is entrepreneurship to
society?
4. Do you see your self as an entrepreneur?
Explain?
5. How can you be an entrepreneur as a
student enrolled in STEM?

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