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Module 1 Entrep Copy

Uploaded by

seraphineeira
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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LESSON 1

Introduction to
Entrepreneurship
Development of Managerial
Capabilities

This means that one of the


benefits an entrepreneur gets
is to develop his managerial
skills.
Creation of Organizations

Which means that because


of entrepreneurship many
organizations will exist.
Improving Standard of Living

This means that


entrepreneurship can lift up
the economic status of an
individual.
Means of Economic Development

this means that not only the


life of the entrepreneur is
improved but also the society
where the business is
located.
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.”
Factors Affecting
Entrepreneurship
Personality Factors which include:

Initiative
Doing things even before
being told.
Personality Factors which include:

Proactive
Which means he can classify
opportunities and seize it.
Personality Factors which include:

Problem Solver
which means he can retain
good relations with other
people.
Personality Factors which include:

Perseverance
Meaning he will pursue things
to get done regardless of
challenges.

Philippians 4:13
“I can do all things through Christ who strengthens
me”
Personality Factors which include:

Persuasion
Means that he can entice
people to buy even if they
don’t want to.
Personality Factors which include:

A Planner
he makes plans before doing
things and does not fail to
monitor it.
Personality Factors which include:

Risk-taker
Which means that he is
willing to gamble but he will
calculate it first.
2. Environmental Factors
which include political,
climate, legal system,
economic and social
conditions and market
situations.
Common
Competencies in
Entrepreneurship
Common Competencies in
Entrepreneurship

Decisive
An entrepreneur must be firm
in making decisions.
Common Competencies in
Entrepreneurship

Communicator
An entrepreneur must have a
convincing power.
Common Competencies in
Entrepreneurship

Leader
An entrepreneur must have
the charisma to be obeyed
by his employees.
Common Competencies in
Entrepreneurship

Opportunity seeker
An entrepreneur must have
the ability to be the first to
see business chances.
Common Competencies in
Entrepreneurship

Proactive
An entrepreneur can control
a situation by making things
happen or by preparing for
possible future problems.
Common Competencies in
Entrepreneurship

Risk Taker
An entrepreneur has the
courage to pursue business
ideas.
Common Competencies in
Entrepreneurship

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
Core Competencies in
Entrepreneurship

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.
Core Competencies in
Entrepreneurship

Innovative
The entrepreneur constantly
looks for new ideas, thus he
needs to be creative.
Core Competencies in
Entrepreneurship

Profit Potential
The entrepreneur can be
compensated by his profit
coming from the operation.
Core Competencies in
Entrepreneurship

Risk bearing
The entrepreneur needs to
gamble but wise enough to
offset the risk.
Types of
Entrepreneurs
Types of Entrepreneurs

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.
Types of Entrepreneurs

Imitating Entrepreneurs
They are those who don’t create
new things but only follow the
ideas of other entrepreneurs.
Types of Entrepreneurs

Fabian 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

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.
Types of Entrepreneurs

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
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.
Teacher- a graduate of an entrepreneurship can use his
knowledge in teaching.
Researcher- the entrepreneur can be employed as a
researcher by an enterprise.
Sales- the entrepreneurship graduate can apply as a
salesman.
Business Reporter- the entrepreneur being expert in the
field, can be employed as a business reporter.

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