Entrepreneurial

Mind
Being an
entrepreneur is a
mindset. You have
to see things as
opportunities all
the time.

- Soledad O'Brien
CHANGE MINDSET
 CHANGE MINDSET

ENTREPRENEUR INTRAPRENEUR

Richard Cantillon Joseph Schumpeter, Peter Drucker, Gifford

Pinchot III
GENTREP COURSE
LEARNING OUTCOMES
At the end of this course, you should be able to:

1. Relate SLU’s core values of Christian Spirit, competence, creativity and social involvement to your personal and
professional vision;
2. Discuss the role of entrepreneurship in socio-economic development;
3. Manifest improvement in your understanding and appreciation of entrepreneurship;
4. Discuss the entrepreneurial mind set needed to engage in the entrepreneurial process;
5. Discuss the entrepreneurial mindset manifested by entrepreneurs as their entrepreneurial life stories are reviewed;
6. Manifest the development of your entrepreneurial mind set;
7. Apply critical thinking and problem-based learning in identifying and evaluating new opportunities and new
product ideas that are responsive to current business and environmental challenges, according to your field of
discipline;
8. Design and pitch new and innovative product ideas using the business model canvas.
The Entrepreneurial Journey
Module 01
Journey to
self-discovery
through
entrepreneurship
Engage activity
PERSONAL VALUE DISCOVERY: Think of your ten values, including your
four Louisian values, that are significant in your decision making and rank them as
to importance.
Of the ten, which is the most important for your decision making? Elucidate your
reasoning.
Google Form Activity Password: mindset
1 2 3 4 5

6 7 8 9 10
 Learning Outcomes

Understand the significance of SLU’s

core values in entrepreneurial Classify the different variations of
undertakings entrepreneurship

Understand the depth knowledge of

entrepreneurship and analyze its
relevance to your field of discipline
TOPIC OUTLINE

01. PERSONAL VALUES DISCOVERY

02. UNDERSTANDING ENTREPRENEURSHIP
• Why entrepreneurship education?
• Evolution of entrepreneurship
• Definition of entrepreneurship
• Myths of entrepreneurship
• Entrepreneurial schools of thought

03. CATEGORIES OF ENTREPRENEURSHIP

Topic 1: Personal Values Discovery
“Your vision will become clear only
when you can look into your own
heart. Who looks outside, dreams;
who looks inside, awakes”. Carl
Jung

Hence, when you look inside your

heart, your vision becomes clear.
Why having a vision significant?
• Vision gives you direction.

• Having a clear vision is following the

journey you set for yourself, not the
path your parents, family, friends, or
the society would want you to
follow.
 •Foundation of vision

•Describe your core as a

person
PERSONAL VALUES
•Values give you clarity
© Meyer and Lee, 2021
 Christian Spirit

Creativity
SLU CORE VALUES
Competence

Social Involvement
WHY
ENTREPRENEURSHIP
EDUCATION?
REPUBLIC ACT ENTREPRENUERIAL
10679 LOUISIANS

CHED endorsement Contribute to the

society
THE EVOLUTION OF
ENTREPRENEURSHIP
Entrepreneur is derived from the

French entreprendre, meaning “to

undertake.”

Coined by Richard Cantillon, a French economist

© 2009 South-Western, a part of Cengage Learning. All rights reserved.

Entrepreneurship: A
Mindset

Entrepreneurship is
more than mere Entrepreneurship is an
creation of business: integrated concept that
permeates an
• Seeking opportunities
• Taking risks beyond
individual’s business in
security an innovative manner.
• Having the tenacity to push
an idea through to reality
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.
Are Entrepreneurs doers
or thinkers?
Are Entrepreneurs born or
made?
Are Entrepreneurs always
inventors?
 Agree or Disagree?

Entrepreneurs are
academic and social
misfits.
 Agree or ENTREPRENEURS
Disagree? MUST FIT THE
“PROFILE”
All Entrepreneurs Need Is
Money

Agree or Disagree?
All Entrepreneurs Need
Is Luck

Agree or Disagree?
Ignorance Is Bliss For
Entrepreneurs

Agree or Disagree?
 Entrepreneurs
Seek Success But
Experience High
Failure Rates
Agree or Disagree?
Entrepreneurs Are
Extreme Risk Takers

Agree or Disagree?
 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.

ENTREPRENEURIAL • Environmental school of thought
• Financial/capital school of
SCHOOLS OF thought
• Displacement school of thought
THOUGHT

Macro view

© 2009 South-Western, a part of Cengage Learning. All rights reserved

ENTREPRENEURIAL • Entrepreneurial Trait school of
thought
SCHOOLS OF • Venture opportunity School of
Thought
THOUGHT • Strategic formulation school of
thought

Micro view

© 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 and
CONSTRUCTION and
MINDSET. DEVELOPMENT.
VALUE CREATION.
 Being entrepreneurial
= using knowledge,
ENTREPRENEURSHIP skills and competences
in a vast range of
IS contexts and situations,
LIFE! enabling to realize own
aspirations
 Technology based Nascent entreprenurship
entrepreneurship
VARIETY OF
ENTREPRENEURSHI
Family
Female entrepreneurship
P Corporate
entrepreneurship
entrepreneurship

International
entrepreneurship ? Ecopreneurship

High growth
enterpreneurship
Social entrepreneurship
Serial entrepreneurship
•Corporate
Entrepreneurship

•Technopreneurship

•Ecopreneurship

•Social entrepreneurship
The Nature of 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

TECHNOPRENEURSHIP
• Ventures in high tech areas
with new products or services
(ICT, environment, energy,
biotech, etc.)
• New tech to enhance existing
operations, products, services
(ICT, biotech)
• (sometimes, high impact
results from low tech
applications)
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 applies 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.

EVALUATE ACTIVITY

1. Fast forward to 2027. You are now practicing your profession as an SLU graduate. Describe
yourself as a person and a professional manifesting in your life each of the SLU core values. You
may follow this format:
– As a person and an entrepreneur who is imbued with the Christian Spirit, I am....
– As a person and an entrepreneur who is socially involved, I am....
– As a person and an entrepreneur who is professionally competent, I am....
– As a person and an entrepreneur who is creative and a critical thinker, I am....
– Note: 3 to 5 sentences per core value. 5 points per core value
2.Explain how developing each of the SLU core values in your life is compatible with learning how
to think and act like an entrepreneur. 7 to 10 sentences.
 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.

© 2009 South-Western, a part of Cengage Learning. All rights reserved.