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Introduction to Entrepreneurship 1

The document serves as an introduction to entrepreneurship, detailing its definition, significance, and the characteristics of successful entrepreneurs. It includes various activities and assessments to engage learners in understanding entrepreneurial traits, competencies, and career opportunities. Additionally, it highlights the types of entrepreneurs and the relevance of entrepreneurship to economic development and organizational growth.
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0% found this document useful (0 votes)
2 views31 pages

Introduction to Entrepreneurship 1

The document serves as an introduction to entrepreneurship, detailing its definition, significance, and the characteristics of successful entrepreneurs. It includes various activities and assessments to engage learners in understanding entrepreneurial traits, competencies, and career opportunities. Additionally, it highlights the types of entrepreneurs and the relevance of entrepreneurship to economic development and organizational growth.
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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Introduction to

Entrepreneurship
Answer the questions.
•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.
Answer the questions.
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”.
Answer the questions.
• 8. Entrepreneurship is not an economic activity.
• 9. Entrepreneurs are innovative.
• 10. Profit potential is the compensation of the
entrepreneur.
Answer the questions.
• 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.
Activity 1.

• Give at least five (5) names of


entrepreneurs that you know, may it be
from your locality or within the Philippines.
Identify what are their common traits as
entrepreneur.
Activity 2. ESSAY


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?
RELEVANCE OF ENTREPRENEURSHIP TO AN ORGANIZATION

1. Development of Managerial Capabilities - this means


that one of the benefits an entrepreneur gets is to develop
his managerial skills.
2. Creation of Organizations - which means that because
of entrepreneurship many organizations will exist.
RELEVANCE OF ENTREPRENEURSHIP TO AN ORGANIZATION

3. Improving Standard of Living - this means that


entrepreneurship can lift up the economic status of an individual.
4. Means of Economic Development - this means that not only
the life of the entrepreneur is improved but also the society
where the business is located.
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.
ENREPRENEURSHIP
• has traditionally been defined as the process of
designing, launching, and running a new business,
which typically begins as a small business, such as a
start -up company, offering a product, process or
service for sales or hire. It has been defined as the
capacity and willingness to develop, organize, and
manage a business venture along with any of its risks
in order to make a profit.
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
Factors Affecting Entrepreneurship
1. Personality Factors which include:

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.
Factors Affecting Entrepreneurship

2. Environmental Factors which include political, climate, legal system, economic and social conditions and market situations.
Common Competencies in Entrepreneurship
1. Decisive - an entrepreneur must be firm in making decisions.
2. Communicator - an entrepreneur must have a convincing power.
3. Leader - an entrepreneur must have the charisma to be obeyed by his employees.
Common Competencies in Entrepreneurship

4. Opportunity seeker - an entrepreneur must have the ability to be the first to see business chances.
5. Proactive – an entrepreneur can control a situation by making things happen or by preparing for possible future problems.
Common Competencies in Entrepreneurship
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.
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.
Core Competencies in Entrepreneurship

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.
Types of Entrepreneurs
1. Innovative Entrepreneurs
2. Imitating Entrepreneurs
3. Fabian Entrepreneurs
4. Drone Entrepreneurs
5. Social Enterpreneurs
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.
Types of 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. They
don’t imitate anyone else.Preferring gradual innovation
and relying on proven methods and thorough market
research before making strategic decision.
Types of Entrepreneurs

4. Drone Entrepreneurs - They are those who live


on the labor of others. They are die-hard
conservatives even ready to suffer the loss of
business.
- reluctance to embrace modern ideals of
business and technology.
-They want to do business in their own tradition.
Types of Entrepreneurs

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.
-A person who pursues an innovative idea with the
potential to solve a community problem.
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 business men.

2. Teacher - a graduate of an entrepreneurship


can use his knowledge in teaching.
Career Opportunities of Entrepreneurship

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.
Activity 3- Self Assessment

..\Module 1- Activity 3.docx


Assessment
..\Module 1_Assessment.docx
Activity 4: Interview
• 1. What motivated you to
• Choose three successful become an entrepreneur?
entrepreneurs in your
community or nearby 2. What do you think are your
places and conduct an characteristics and
interview using the guide competencies that made you a
successful entrepreneur?
questions below. Discuss
the result of your interview 3. What do you think of being
to your teacher. employed? Why you did not
choose that path?
Activity 5: Research Me
• Research on the life story of
at least three (3)
entrepreneurs in your
locality; identify how they
started their business. Ask
how much was their start-up
capital.

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