TLE 223 –

ENTREPRENEURSHIP

Ms. Edelyn O. Cubio LPT

Tagum City College of Science and

Technology Foundation Incorporated
 The Chain of
Entrepreneurship
Cheistesary Tayone

Tagum City College of Science and

Technology Foundation Incorporated
 1. The Chain of Entrepreneurship

▰Entrepreneurs are widely known for

their ability to conceive and generate
innovative ideas that lead to business
growth and profitability.
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 What are Entrepreneurial supply chains?

▰ Entrepreneurial chains go beyond the traditional focus on cost,

quality, and delivery to also embrace innovation and growth.
▰ Entrepreneurial supply chains connect costumers’ customers
with suppliers’ suppliers.
▰ They are designed to achieve growth in the enterprise by
recognizing and responding to needs and opportunities that call
for growth-focused responses.

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 What is supply chain in Entrepreneurship?

▰ It is a network between a company and its suppliers to produce

and distribute a specific product or service.
▰ The entities in the supply chain include producers, vendors,
warehouses, transportation companies, distribution centers, and
retailers.

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▰ Companies develop supply chains so they can reduce their costs
and remain competitive in the business landscape.
▰ The functions in a supply chain include product development,
marketing, operations, distribution, finance, and customer service.

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▰ Today, many supply chains are global in scale and scope
▰ Economies of scope focuses on the average total cost of production
of a variety of goods
▰ Economies of scale focus on the cost advantage that arises when
there is a higher level of production of one good.
▰ Supply chain management results in lower costs and a faster
production cycle.

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 What is an Idea,
Opportunity and
Innovation?
Vhic Jayson enad

Tagum City College of Science and

Technology Foundation Incorporated
 What is an idea?

▰ Idea refers to a thought or suggestion about a possible course of

action, idea on the other hand is a plan.
▰ An idea is the first milestone in the process of building a successful
business.
▰ A business idea is a concept that can be used for financial gain that is
usually centered on a product or service that can be offered for
money.

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 What is an opportunity?

▰ Opportunity refers to a favorable time or situation for doing

something. An opportunity is a chance that an individual gains.
▰ A business opportunity is the chance to take advantage of an
occurrence in the market for business gain.

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 INNOVATION

▰ Innovation is the process of creating new ideas, products, or

methods to solve a problem. Often, innovating involves approaching
an existing idea or product from a new perspective with the goal of
improving it.

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 Examples of innovative products

▰ Cellular Phones
While cellular phones also evolved, they initially solved a specific
problem for phone users: landlines weren’t portable. People were
tethered to house phones, beepers, and phone booths if they wanted to
receive a call. Cellular phones allowed users to take calls from
anywhere. As more consumers bought cellular phones, this product
began to solve latent pain points about safety outside the house and
emergency contacting.
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 Examples of innovative products

▰ Automobiles
The automobile’s invention in 1886 kickstarted a major evolution in
technology by focusing on the transportation landscape’s challenges,
such as fatigue from walking or bicycling and caring for horses that
pulled carriages. Today, horse-drawn carriages are nearly obsolete
beyond tourist attractions and services.

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 TYPES OF INNOVATION

Kenaniah S. Villacorta

Tagum City College of Science and

Technology Foundation Incorporated
 The 4 types of innovation used in Entrepreneurship

1. SUSTAINING INNOVATION - Sustaining innovation occurs

when a company creates better-performing products to sell for higher
profits to its best customers. Typically, sustaining innovation is a
strategy used by companies already successful in their industries.

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 The 4 types of innovation used in
Entrepreneurship

2. BREAKTHROUGH INNOVATION - Breakthrough innovation is

an innovation from inside a company that pushes something to the next
level. It opens the company to new markets and changes the way
customers interact with the market or the industry.One of the best cited
examples of breakthrough innovation on the tech front is the first
iPhone.

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 The 4 types of innovation used in
Entrepreneurship

3. DISRUPTIVE INNOVATION is the introduction of a product or

service into an established industry that performs better and, generally,
at a lower cost than existing offerings, thereby displacing the market
leaders in that particular market space and transforming the industry.
People using smartphones instead of laptops and desktops for their
computing needs, including web browsing and streaming, is another
example of disruptive innovation.

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 The 4 types of innovation used in
Entrepreneurship

▰ 4. BASIC RESEARCH - Organizations use research, especially in

market research activities. Market research is used to identify
potential markets, the needs. and wants of each, how those needs and
wants can be met, how products. and services could be packaged to
be most accessible to customers.
▰  

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 INNOVATION AND THE
ENTREPRENEURSHIP
Dian Navarra

Tagum City College of Science and

Technology Foundation Incorporated
 INNOVATION AND THE ENTREPRENEURSHIP

▰ Innovation and entrepreneurship are two different concepts having

entirely different meanings.
▰ · Therefore, entrepreneurship begins with innovation. Moreover,
there is a risk component in entrepreneurship that is not there in
innovation.

▰ Let us consider each term separately to determine the differences

between them. 
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 What Is Innovation?

▰ Innovation is a new idea, method, strategy, or the act of introducing

something new.
▰ · Innovations can be new business models/products/services/any
form of a new idea. However, it does not have to mean the creation
of something totally new. Improvements upon existing products,
services, or ideas are also regarded as innovations.
▰ · Innovations need new thinking and creativity.
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 What Is Entrepreneurship?

▰ Entrepreneurship is the willingness of an individual or group of

people to take risks and organize or develop business opportunities
from ideas in an ever-evolving market.
▰ · Entrepreneurship involves turning great ideas into business
opportunities by taking risks.

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 What Is Entrepreneurship?

The main difference between innovation and entrepreneurship is that

innovation involves introducing something new. This can be a new
business model, product, idea, or service. On the other hand,
entrepreneurship involves turning a great idea into a business
opportunity.

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 The Role of Innovation in Entrepreneurship

▰ · Innovation in Entrepreneurship can open the doors of various opportunities by

helping the business to keep up with the current trends.
▰ · Basically, innovation has to do with the replacement or improvement of
something. It is the particular instrument that entrepreneurs exploit to develop
different innovation strategies. So, an innovative entrepreneur is one who has the
ability to come up with innovative products and services to meet the market’s
trends and demands.

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 LEGAL ISUUES FOR THE
ENTREPRENEURSHIP
DANILO JR LUNA RELOBA

Tagum City College of Science and

Technology Foundation Incorporated
 1. Business Name Registration

 1. A business name describe as brand or organization. Without it,

your target audiences have no idea what your company is all
about. Also, a company without this cannot operate as a legal
enterprise.
2. Business Names Act. 1961

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 Business License

▰ A business license is an official permit issued by

government agencies that allows individuals or
companies to conduct lawful business within the
government’s geographical jurisdiction.

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 Patents
Provides the owner with exclusive rights to hold and license the
production and sale of the product or process as an intellectual
property right.

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 Copyright

This provides exclusive rights to creative individual for the protection of their
literary or artistic production productions and the duration of life of the authors.

A) Reproduce the mark

B) Prepare derivative works based on it.
C) Distribute copies of their work
D) Diplay the work publicly
F) Sell or transfer individual rights.
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 Trademark

A distinctive name, mark, symbol or motto identified with a company’s products

and registered at the patent and trademark office

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