Module 1:
INTRODUCTION TO
ENTREPRENEURSHIP
WHAT I KNOW
TRUE 1. An entrepreneur is a “Risk Taker”.
TRUE 2. Entrepreneurship will lead to the creation of organizations.
FALSE 3. Coward people will become successful entrepreneurs.
TRUE 4. Entrepreneurs are innovative.
TRUE 5. Entrepreneur means “to undertake.”
discuss the relevance
LEARNING
of the course; and
OBJECTIVES
explore job opportunities
for Entrepreneurship as a
career.
WHAT YOU NEED TO KNOW
Entrepreneurship is encouraged by the economy
because it can provide a lot of opportunities for the
unemployed people. It will increase per capita income,
improve standard of living and increase individual savings,
provide revenue to the government in the form of income
tax, value added tax, export duties, import duties, and
balanced regional development.
RELEVANCE OF ENTREPRENEURSHIP TO
AN ORGANIZATION
01 02 03 04
Development of Creation of Improving Means of
Managerial Organizations Standard of Living Economic
Capabilities Development
this means that this means that not only
this means that one which means that
entrepreneurship can the life of the
of the benefits an because of
lift up the economic entrepreneur is improved
entrepreneur gets is entrepreneurship
status of an individual. but also the society
to develop his many organizations
where the business is
managerial skills. will exist.
located.
CONCEPT OF ENTREPRENEURSHIP
The word “entrepreneur” was derived
from the French verb enterprendre,
which means “to undertake”.
The enterprise is created by an
entrepreneur and the process is
called “Entrepreneurship”.
CONCEPT OF ENTREPRENEURSHIP
• Entrepreneurs are innovators.
• Entrepreneurs are willing to take
the risk and generate unique ideas
that can provide profitable
solutions.
FACTORS AFFECTING
ENTREPRENEURSHIP
1. Personality Factors which include:
a. Initiative – doing things before being told
b. Proactive – classify opportunities
c. Problem Solver – retain good relations with other people
d. Perseverance – pursue things to get done regardless of
challenges
e. Persuasion – entice people to buy even if they don’t want
it
f. A Planner – makes plan before doing things
g. Risk-taker – willing to gamble but calculated first.
FACTORS AFFECTING
ENTREPRENEURSHIP
2. Environmental Factors which include:
a. Political
b. Climate
c. Legal system
d. Economic
e. Social conditions
f. Market situations
COMMON COMPETENCIES IN
ENTREPRENEURSHIP
1. Decisive
2. Communicator
3. Leader
4. Opportunity seeker
5. Proactive
6. Risk Taker
7. Innovative
CORE COMPETENCIES IN
ENTREPRENEURSHIP
1. Economic and Dynamic Activity
2. Innovative
3. Profit Potential
4. Risk bearing
TYPES OF ENTREPRENEURS
[Link] 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.
[Link] Entrepreneurs - They are those who
don’t create new things but only follow the ideas of
other entrepreneurs.
[Link] Entrepreneurs - They are skeptical about
changes to be made in the organization. They
don’t initiate but follow only after they are
satisfied.
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.
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.
CAREER OPPORTUNITIES OF
ENTREPRENEURSHIP
1. Business Consultant
2. Teacher
3. Researcher
4. Sales
5. Business Reporter
Thank You
for your attention