Introduction to
Entrepreneurshi
p
Entrepreneurship week 1-2
Recall
1. What are those famous
Business Establishments you
known?
2. Do you know who is behind on
that famous Businesses?
Activity 01
Concept Map
Direction: Complete the concept map below by writing
inside the circles the terms or concepts that you can
relate to when you hear the word
“ENTREPRENEURSHIP”
T
ENTREPRENEURSHIP AND
COMPETENCIES OF AN
ENTREPRENEURS
Entrepreneurship refers to the process of
creating a new enterprise and bearing any
of its risks, with the view of making the
profit. The person who creates a new
enterprise and embraces every challenge
for its development and operation is
known as an entrepreneur
Activity
From the given business logo, name the
different famous businessmen and the
02
businesses associated with them. Choices
are provided below.
Business Logo
TONY TAN CAKTIONG .
HENRY SY
LUCIO TAN
EDGAR SIA
SOCCORO RAMOS
Questions:
1. What characteristics that you can
observe or see that is common to
t io them?
e s 2. Who among the entrepreneurs
Qu ns you mentioned that you admire
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
[Link] of Managerial capabilities - this means that one of the
benefits an entrepreneur gets is to develop his managerial skills.
[Link] of Organizations - which means that because of
entrepreneurships many organizations will exist.
[Link] standard of living - this means that entrepreneurship can
lift up the economic status of an individual.
[Link] of economic development - this means that not only the life
of the entrepreneur is improved but also the society where the
business is locate
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, willing to take risks and generate new ideas to
make it unique and profitable solutions to the present-day problems.
Factors Affecting Entrepreneurshipt d. Perseverance - meaning he will
pursue things to get done regardless of
challenges.
Personality Factors
e. Persuasion - means that he can entice
people to buy even if they don’t.
Personality Factors f. A Planner - meaning he makes plan
before doing things and do not fail to
monitor it.
g. Risk-taker - which means that he is
willing to gamble but he will calculate it
first.
Factors Affecting Entrepreneurshipt
Environment Factors
Environment Factors
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.
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.
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.
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 - 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.
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.
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 - 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.
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
Direction: Find out if you have the qualities of an entrepreneur. Put a check mark
on the column that identifies whether you have the qualities of an entrepreneur
or not.
Qualities YES NO
Risk Taker
Communicator
Leader
Opportunity
Seeker
Proactive
Innovator
Decisive
Activity 4: 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 their start-up capital; problems they encountered
and how
they able to surpassed those problems?
QUESTIONS
1. What is Entrepreneurship? Who are the Entrepreneurs?
2. What do you think are your characteristics and
competencies that made you a successful entrepreneur?
3. What are the different career oppurtunities offered by
entrepreneurship?
Valuing
Most students once they finish school apply for work in a
big prestigious companies believing that is the only
career option for them. Very few people think
entrepreneurship or starting a business as a career. How
does entrepreneurship helps in choosing one’s career?
What is the benefits of Entrepreneurship in our society?
ASSESMENT
Thanks!