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Module 1 Entrepreneurship

This document provides an overview of entrepreneurship. It begins by outlining five learning objectives: 1) discuss the economic importance of entrepreneurship, 2) describe the difference between entrepreneurship and employment, 3) explore entrepreneurship as a career, 4) explain key competencies of entrepreneurship, and 5) define who is an entrepreneur. It then discusses the relevance of entrepreneurship to the economy. Key differences between entrepreneurs and employees are described, as well as opportunities in entrepreneurship. Common and core competencies of successful entrepreneurs are explained. The summary concludes that an entrepreneur is an individual who identifies opportunities, takes risks to establish and manage businesses, and expects returns through added value.

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Ray John Dulap
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402 views20 pages

Module 1 Entrepreneurship

This document provides an overview of entrepreneurship. It begins by outlining five learning objectives: 1) discuss the economic importance of entrepreneurship, 2) describe the difference between entrepreneurship and employment, 3) explore entrepreneurship as a career, 4) explain key competencies of entrepreneurship, and 5) define who is an entrepreneur. It then discusses the relevance of entrepreneurship to the economy. Key differences between entrepreneurs and employees are described, as well as opportunities in entrepreneurship. Common and core competencies of successful entrepreneurs are explained. The summary concludes that an entrepreneur is an individual who identifies opportunities, takes risks to establish and manage businesses, and expects returns through added value.

Uploaded by

Ray John Dulap
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
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ENTREPRENEURSHIP

Overview of
Entrepreneurship
Chapter 1
Learning Objective
• LC1. Discuss the relevance of the entrepreneurship in general;
including its economic importance.
• LC2. Describe clearly between entrepreneurship and employment.
• LC3. Explore opportunities for Entrepreneurship as a career.
Learning Objective
• LC4. Explain the key concepts of common and core competencies in
entrepreneurship;
• LC5. Define who is an entrepreneur.
Discuss the relevance of the
entrepreneurship in general;
including its economic
importance.
LC1.
What is an Economy?
• The Economy is the organized system of human activity involved in
the production, consumption, exchange, and distribution of goods
and services.

• (http://www.investinganswers.com/financialdictionary/economics/economy-1517)
What is ENTREPRENEURSHIP?
• -a proactive process of developing a business venture to make a
profit.
• -seeking opportunities for a market.
• -establishing and operating a business out of the oppurtunity.
• -assessing its risk and rewards through close monitoring of the
operations.
Describe clearly between
entrepreneurship and
employment.
Entrepreneur vs Employee
LC2
Opportunities for Entrepreneurship as a career
Explain the key concepts of
common and core
competencies in
entrepreneurship
LC4
Common and Core
Competencies in
Entrepreneurship
Common Traits
• -Proactive
• -Agents of change
• -Risk takers
• -Have a sharp eye of oppurtunities
• -Sociable
• -Networkers
• -Decisive
• -Balanced
• -Innovative
Core Traits

• -Leaders
• -Communicators
• -Specialist
• -Problem Solvers
LC5: Who is an Entrepreneur?
(and what to expect from them...)
• -is a unique individual who has the innate ability and extraordinary
dedication to establish and manage a business, acknowledging all the
risk and reaping its rewards.
• -entails a holistic business skills, ranging from product and marketing
expertise, to operations agility, and to financial proficiency.
• -can expect returns through added or created value out of an
opportunity
LC5: Who is an Entrepreneur?
(and what to expect from them...)
• -a perceptive to opportunities in the surroundings that normal people
don't give importance to or often neglect.
• -leadership is the core of every entrepreneur
• -always excited on the business and bravely takes risks.
• -innovate, execute, and rarely procrastinates (or always on time, or
never late).
Five levels of entrepreneurial
development.(according to Action Coach...)
• 1st, The self-employed
• 2nd, The manager
• 3rd, Then leader
• 4th, The investor
• 5th, The true entrepreneur

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