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Lesson 1

The document provides an overview of entrepreneurship, defining an entrepreneur as someone who identifies business opportunities, organizes resources, and assumes risks. It discusses the characteristics and competencies of successful entrepreneurs, including decisiveness, communication skills, and innovation. Additionally, it outlines the relevance of entrepreneurship to organizations and the economy, as well as various types of entrepreneurs.

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Avery Estipona
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7 views

Lesson 1

The document provides an overview of entrepreneurship, defining an entrepreneur as someone who identifies business opportunities, organizes resources, and assumes risks. It discusses the characteristics and competencies of successful entrepreneurs, including decisiveness, communication skills, and innovation. Additionally, it outlines the relevance of entrepreneurship to organizations and the economy, as well as various types of entrepreneurs.

Uploaded by

Avery Estipona
Copyright
© © All Rights Reserved
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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Entrepreneurship

Introduction to
Entrepreneurship
Question

What is
Entrepreneur?
Entrepreneur
An Entrepreneur is an individual who
identifies a business opportunity, takes
the initiative to organize and manage
resources, and assumes the risks involved
in starting and operating a business.
Entrepreneurs are known for their ability
to innovate, create value, and solve
problems by developing products,
Question

Give a names of entrepreneurs


that you know. May it be from
your locality or within Philippines.
Identify what are their common
traits as entrepreneur.
Question
1. What characteristics that you
can observe or see that is
common to them?
2. Who among the entrepreneurs
you mentioned that you admire
most and why?
3. In your own opinion, what do
Competencies
of
Entrepreneurs
Relevance of
Entrepreneurship
to an organization
Relevance of
Entrepreneurship to an
organization
1. Development of
Managerial capabilities- this
means that one of the
benefits an entrepreneur
Relevance of
Entrepreneurship to an
organization
2. Creation of
Organizations- which
means that because of
entrepreneurships many
Relevance of
Entrepreneurship to an
organization
3. Improving standard of
living- this means that
entrepreneurship can lift up
the economic status of an
Relevance of
Entrepreneurship to an
organization
4. Means of economic
development- this means that
not only the life of the
entrepreneur is improved but
Concept
of
Entrepreneurship
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”
Concept of 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
Concept of 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.
Concept of Entrepreneurship

1. Personality Factors which


includes:
c. Problem Solver- which means he
can retain good relations with
other People.
d. Perseverance-meaning he will
pursue things to get done
Concept of Entrepreneurship

1. Personality Factors which


includes:
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
Concept of Entrepreneurship

1. Personality Factors which


includes:
g. Risk-taker which means that he
is willing to gamble but he will
calculate it first.
Concept of Entrepreneurship

2. Environmental Factors- which


include political, climate, legal
system,
economic and social conditions
and market situations.
Common
Competencies in
Entrepreneurship
Common Competencies in
Entrepreneurship

1. Decisive- an entrepreneur
must be firm in making
decisions
Common Competencies in
Entrepreneurship

2. Communicator- an
entrepreneur must have a
convincing power.
Common Competencies in
Entrepreneurship

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

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

5. Proactive- controlling a
situation by making things to
happen or by preparing
for possible future problems.
Common Competencies in
Entrepreneurship

6. Risk Taker- they have the


courage to pursue what is their
business ideas.
Common Competencies in
Entrepreneurship

7. Innovative- the
entrepreneurs have big
business ideas and they do not
stop
improving and thinking of new
Core
Competencies in
Entrepreneurship
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
Core Competencies in
Entrepreneurship

2. Innovative- Entrepreneurs
constantly look for new ideas,
thus he needs to be
creative.
Core Competencies in
Entrepreneurship

3. Profit Potential- meaning the


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

4. Risk bearing – meaning the


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

1.Innovative
entrepreneur-
they are those
who always make
new things by
thinking of new
Types of Entrepreneurs

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

3. Fabian
entrepreneurs- they
are those skeptical.
They don’t initiate
but follow only after
they are satisfied.
Types of Entrepreneurs

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.
Types of Entrepreneurs
5. Social
entrepreneurs-they are
those who initiate
changes in the various
fields such as
education, health,
human rights,
Q & A
Session
Thank
You

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