Entrepreneurial
Mind
Being an
entrepreneur
is a mindset.
Soledad
You have to
O’Brien
see things as
opportunities
all the time.
MODULE 1:
Entrepreneurship: an
overview
Learning outcomes
1. Understand the 2. Understand the depth
significance of knowledge of
SLU’s core values in entrepreneurship and
entrepreneurial analyze its relevance to
undertakings your field of discipline.
3. Integrate the 4. Classify the
various stages in the different
entrepreneurial variations of
process entrepreneurship
Topic outline
1. Understanding entrepreneurship
• Why entrepreneurship education?
• Evolution of entrepreneurship
• Definition of entrepreneurship
• Myths of entrepreneurship
• Entrepreneurial schools of thought
2. The entrepreneurial process
3. Categories of entrepreneurship
Why entrepreneurship education?
Republic Act
No.10679
Entrepreneurial
Louisians
The Evolution of Entrepreneurship
Entrepreneur is
derived from the
French entreprendre,
meaning “to
undertake.”
© 2009 South-Western, a part of Cengage Learning. All rights reserved .
The Myths of Entrepreneurship
Myth 1: Entrepreneurs Are Doers, Not Thinkers
Myth 2: Entrepreneurs Are Born, Not Made
Myth 3: Entrepreneurs Are Always Inventors
Myth 4: Entrepreneurs Are Academic and Social Misfits
Myth 5: Entrepreneurs Must Fit the “Profile”
Myth 6: All Entrepreneurs Need Is Money
Myth 7: All Entrepreneurs Need Is Luck
Myth 8: Ignorance Is Bliss For Entrepreneurs
Myth 9: Entrepreneurs Seek Success But Experience High Failure
Rates
Myth 10: Entrepreneurs Are Extreme Risk Takers (Gamblers)
© 2009 South-Western, a part of Cengage Learning. All rights reserved .
Entrepreneurship: a mindset
Entrepreneurship
Entrepreneurship is is an integrated
more than mere concept that
creation of business: permeates an
•Seeking opportunities individual’s
•Taking risks beyond security business in an
•Having the tenacity to push innovative
an idea through to reality
manner.
© 2009 South-Western, a part of Cengage Learning. All rights reserved.
Entrepreneurship
Individual’s ability
Creativity, innovation, risk taking
opportunities
Social or commercial activity
Commission Communication “Fostering entrepreneurial mindsets through education and
learning”.COM(2006) 33 final.
Entrepreneurial schools-of-thought
Macro
view
•Environmental school of thought
•Financial/capital school of
thought
•Displacement school of thought
© 2009 South-Western, a part of Cengage Learning. All rights reserved
Entrepreneurial schools-of-thought
Micro view
• Entrepreneurial Trait school of
thought
• Venture opportunity School of
Thought
• Strategic formulation school of
thought
© 2009 South-Western, a part of Cengage Learning. All rights reserved
What is entrepreneurship for me?
It is about
Entrepreneurship is a It is about CHANGE
CONSTRUCTION and
MINDSET. and DEVELOPMENT.
VALUE CREATION.
Being
entrepreneurial =
using knowledge,
skills and
ENTREPRENEURSHIP competences in a
IS LIFE! vast range of
contexts and
situations, enabling
to realize own
aspirations
The Entrepreneurial Process
1. Self-
Assessment
2. Opportunity
5. Enterprise GENTREP Identification &
Development will cover Evaluation
Steps 1–3
only.
3. Product
4. Enterprise
Ideation &
Management
Development
Serial
Female
entrepreneurship
entrepreneurs
hip Nascent
entreprenurship
Technology based
entrepreneurship
Family
entrepreneurs
Corporate
hip
entrepreneurship
International
entrepreneurshi Ecopreneurship
p
?
High growth
enterpreneurship Social
entrepreneurship
VARIETY OF ENTREPRENEURSHIP
The Nature of Corporate Entrepreneurship
Corporate Entrepreneurship
Activities that receive organizational sanction and resource
commitments for the purpose of innovative results.
A process whereby an individual or a group of
individuals, in association with an existing organization,
creates a new organization or instigates renewal or
innovation within the organization.
A process that can facilitate firms’ efforts to innovate
constantly and cope effectively with the competitive
realities that companies encounter when competing in
international markets.
© 2009 South-Western, a part of Cengage Learning. All rights reserved
Who is an ecopreneur?
An entrepreneur whose
business efforts are not only
driven by profit , but also by
a concern for the
environment.
Schuyler , 1998
The Social Entrepreneurship
Social Entrepreneurship
• A new form of entrepreneurship applys to social
problem solving traditional, private-sector
entrepreneurship’s focus on innovation, risk-
taking, and large scale transformation.
Social Entrepreneurship Process
• Recognition of a perceived social opportunity
• Translation of the social opportunity into an
enterprise concept
• Identification and acquisition of resources
required to execute the enterprise’s goals.
© 2009 South-Western, a part of Cengage Learning. All rights reserved
references
Diaz, P., Fajardo, H., (2015). Entrepreneurship Study
and Practice. Small Enterprise and Research
Development Foundation, Manila.
Small Enterprise and Research Development
Foundation and UPISSI. (2007). Introduction to
Entrepreneurship. revised edition, Manila 2007.
Small Enterprise and Research Development
Foundation and UPISSI. (2013). Windows to
Entrepreneurship A teaching Guide. Manila, 2013.
Bruce R. and R. Duane Ireland. (2006).
Entrepreneurship Successfully Launching New
Ventures. New Jersey, Pearson Education, Inc.
Kuratko D. (2017). Entrepreneurship Theory, Process,
Practice. Cengage Learning. 10th edition, 2017
Kuratko D. Corporate Entrepreneurship.