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Entrepreneurship Concept Map Overview

The document is a concept map about entrepreneurship that outlines key groups related to the topic: definition of entrepreneurship, benefits of entrepreneurship, risks of entrepreneurship, characteristics of entrepreneurship, and role of entrepreneurship. It defines entrepreneurship as an individual's ability to combine resources to produce goods or services for profit. It lists benefits like freedom and flexibility but also risks like long hours and income uncertainty. Characteristics include traits like self-motivation and networking abilities. The role of entrepreneurship is creating jobs, improving quality of life, and increasing national income.

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kyla de guzman
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374 views8 pages

Entrepreneurship Concept Map Overview

The document is a concept map about entrepreneurship that outlines key groups related to the topic: definition of entrepreneurship, benefits of entrepreneurship, risks of entrepreneurship, characteristics of entrepreneurship, and role of entrepreneurship. It defines entrepreneurship as an individual's ability to combine resources to produce goods or services for profit. It lists benefits like freedom and flexibility but also risks like long hours and income uncertainty. Characteristics include traits like self-motivation and networking abilities. The role of entrepreneurship is creating jobs, improving quality of life, and increasing national income.

Uploaded by

kyla de guzman
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

CONCEPT MAP OF

ENTREPRENEURSHIP

GROUP 1:
Definition of Benefit of
Entrepreneurship Entrepreneurship

Entrepreneurship

Risk of Being an
Role of Entrepreneurship
Entrepreneurship
Characteristics of
Entrepreneurship
ENTREPRENEURSHIP

•Refers to the ability of an individual to

determine an come up with the proper

combination of the resources available in

his environment and transform this into an

output of either goods or services, and

obtain profit from this activity.


BENEFITS OF ENTREPRENEURSHIP

•The Freedom of your own vision


•The Control and flexibility you have over your
time
•The opportunity to learn and gain knowledge
•The highs and lows of self-employment
•The sense of pride and fulfillment in accomplishing
things
•The confidence you gain in knowing that you can
do it.
•Potential earnings exceed a salaried employee.
•Business owner reaps the full rewards.
•Each new day is a challenge.
•The chance to share your learning.
RISK OF BEING AN ENTREPRENEURSHIP

•Long hours of work

•Uncertain of income

•High level of stress

•Family risk
Characteristics of Entrepreneurship

•Strong networking abilities

•Self-Motivation

•Hard Work and Commitment

•Profit potential

•Risk Assumption

•Reading of Rewards

•Passion
Role of Entrepreneurship

•Employment Job Creation


•Improved Quality of Life
•Add to National income
•Even Distribution of income
•Bring new Technology in
• Production
•Increase Investment
•Increase Government
• Revenue
•Social Responsibility
•Formation of Cartels
THANK YOU FOR LISTENING

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