INTRODUCTION TO

ENTREPRENEURSHI
P
LEARNING OBJECTIVES:
1. discuss the relevance of the course;
2. explain the key concepts of common
competencies;
3. explain the core competencies in
Entrepreneurship;
4. explore job opportunities for
Entrepreneurship as a career.
What comes into your mind
when you see or hear the
word
“ENTREPRENEURSHIP”?
1. What does entrepreneurship mean?
entrepreneur?
2. What are the factors affecting
entrepreneurship?
3. What are the common competencies in
entrepreneurship?
4. What are the core competencies in
entrepreneurship?
5. What are the types of entrepreneur?
6. What are the career opportunities of
 RELEVANCE OF ENTREPRENEURSHIP
TO AN ORGANIZATION
1. Development of Managerial capabilities- this means that one
of the benefits an entrepreneur gets is to develop his managerial
skills.
2. Creation of Organizations- which means that because of
entrepreneurships many organizations will exist.
3. Improving standard of living- this means that
entrepreneurship can lift up the economic status of an individual.
4. 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”.
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 ENTREPRENEURSHIP
1.Personality Factors which includes:
a.Initiative- which means doing things even before being
told
b.Proactive- which means he can classify opportunities and
seize it.
c. Problem Solver- which means he can retain good
relations with other people
d.Perseverance- meaning he will pursue things to get done
regardless of challenges
FACTORS AFFECTING ENTREPRENEURSHIP

e. Persuasion- means that he can entice people to buy even

if they don’t.
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.
2. Environmental Factors which include political, climate,
legal system, economic and social conditions and market
situations.
 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 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- controlling a situation by making things to happen or by
preparing for possible future problems.
6. Risk Taker- they have the courage to pursue what is their business ideas.
7. Innovative- the entrepreneurs have big business ideas and they do not
stop improving and thinking of new worthwhile ideas for their 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- Entrepreneurs constantly look for new ideas,
thus he needs to be creative.
3. Profit Potential- meaning the entrepreneur can be
compensated by his profit coming from the operation.
4. Risk bearing– meaning the entrepreneur needs to gamble
but wise enough to offset the risk.
 TYPES OF ENTREPRENEURS
1. Innovative entrepreneur- they are those who always make new
things by thinking of new 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 those skeptical. They don’t initiate
but follow only after they are satisfied.
4. Drone entrepreneur- they are those who lives 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 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 the
entrepreneur he can be a very good source of advices to
other entrepreneurs and would be businessman.
2. Teacher- a graduate of an entrepreneurship can use his
knowledge in teaching
3. Researcher- the entrepreneur can be employed as
researcher by an enterprise.
4. Sales- the entrepreneurship graduate can apply as salesman
5. Business Reporter- the entrepreneur being expert in the
field, he can be employed as business reporter.
 ACTIVITY: SELF- ASSESSMENT
Direction: Find out if you have the qualities of an entrepreneur. Put
a check mark on the box.
Qualities YES NO
Risk taker
Communicator
Leader
Opportunity Seeker
Proactive
Innovator
Decisive

Interpretation: If you have more YES than NO, you have the qualities of an entrepreneur.

_______________ are people who take the risk, they are

innovators and contributors to the development of the
_______________.
ASSESSMENT
Directions: Read and analyze each question. Write the letter of
the correct answer in your paper.
1.The entrepreneurs who create new ideas are called
a.Innovative b. Imitating c. Fabian
d. Drone
2. The entrepreneur who lives on the labor of others is called?
b.Drone b. Fabian c. Imitating d.
Innovative
3. These are entrepreneurs who are to follow the path shown by
innovative entrepreneur.
a. Innovative b. Imitating c. Social Entrepreneurs d.
Fabian
4. Which of the following is NOT a function of an entrepreneur?
a. Skills management b. Risk taking
c. Conduct research d. Make no changes with his product
5. Entrepreneur means:
b. Risk taker b. To undertake
c. To research d. To improve standard of living
6. It is a personality factor which means “doing things even before being
told”
c. proactive b. perseverance c. persuasion d.
initiative
7. It is a personality factor which means convincing customers to buy
the product
a. Proactive b. Persuasion c. Self-confidence d. Risk taker
8. Which of the choices is NOT part of the environmental factors?
a. Political b. Weather condition
c. climate d. family background of the manager
9. All except one does NOT belong to the group?
b. Unfair trade practices b. Strikes
c. Political protest d. Product
10.The entrepreneur who is skeptical about the changes in the
company is called?
a. Fabian b. Social entrepreneur c. Drone d.
Imitating
11. Which is NOT a career for an entrepreneur?
c. Business consultant b. Sales
c. Research and Development d. Domestic Helper
12. They are entrepreneurs who drive social
innovation and transformation in various fields.
a. drone b. Social entrepreneur c. Fabian
d. Imitating
13. Which of the statements below is true?
b. Entrepreneur has limited career opportunities
b. Entrepreneurs are prone to constant high income
c. Entrepreneurs are contributor to the development
of the society
d. Entrepreneurs are the reasons for unemployment
problem
14. Which of the statement is NOT true?
a. An entrepreneur will patiently wait for his efforts to
bear fruit.
b. The profit of the entrepreneur is immediate.
c. All entrepreneurs are successful
d. Entrepreneurs are researchers
15. Which of the following is NOT true?
b. Entrepreneurship create organizations
b. Improves the life of the entrepreneur alone
c. Entrepreneurs improves the economy
d. None of the choices
ASSIGNMENT: INTERVIEW THE
KNOWN
Choose at least one successful entrepreneur in
your community or nearby places and conduct an
interview using the guide questions below.
1. What motivated you to become an
entrepreneur?
2. What do you think are your characteristics and
competencies that made you a successful
entrepreneur?
3. What do you think of being employed? Why
didn’t you choose that path?