ENTREPRENEUR AND THE UNKNOWN

CLIMATE CHANGE
EXISTENTIAL RIKS
ANTHROPOGENIC
THREE MODERN EXISTENTIAL RISKS
1. BIOTERISM
2. GLOBAL WARMING
3. NUCLEAR WAR
ENTREPRENEUR'S RESPONSIBLITY
INDUSTRIAL REVOLUTION
CARBON EMISSION & GREENHOUSE GASSES
THOMAS EDISON
ELON MUSK

WHY ARE WE HELPFUL

WE NEED TO HAVE COMMITMENT... ...PRODUCE CHEEP PRODUCT AND DISTRIBUTE ACROSS EVERY
COUNTRY
ENTREPRENEURS NEVER WASTED A GOOD CRISIS
WHEN CAPITALISM IS FAILING, YET THEY HAVE AN OPPORTUNITY TO BUILD THE WORLD IN A
WAY THAT CARRIES ON ADDING A VALUE IN MAKING WEALTH WHILE KEEPING THE SOCIAL AND
ENVIRONMENTAL SOLUTION ATITS HEART
ENTREPRENEURS ARE THE AGRESSIVE CATALYST FOR CHANGE WITHIN MARKETPLACE
THEY RECOGNIZE OPPORTUNITIES IN CHAOS OR CONFUSION
HISTORY SHOWS US THAT ENTREPRENEUR IS A WELLSPRING FOR ECONOMIC GROWTH, SOCIAL
RENOWAL AND PERSONAL DEVELOPMENT
THEY ALLEVIATE POVERTY BY CONTRIBUTING TO ECONOMIC GROWTH AND JOB CREATION

SOCIAL AND BUSINESS ENTREPENEUR

SENIORPRENEUR
COPRENEUR
BIOPRENEUR
ACADEMICPRENEUR
SOCIAL ENTERPRENEUR - DRIVEN BY A MISSION, SEEK INNOVATIVE WAYS TO SOLVE PROBLEMS
NOT ADDRESSED BY PUBLIC SECTORS OR MARKETS
BUSINESS ENTREPRENEUR - DRIVEN BY PROFIT MOTIVE, SEEK PROFIT AND CAPITAL GROWTH
SMALL OWNER BUSINESS - PREFER A STABLE AND LESS AGRESSIVE APPROACH IN RUNNING A
BUSINESS, WANTS TO KEEP THE BUSINESS AT A SIZE THEY CAN PERSONALLY HANDLE
ENTREPRENEUR VS SMALL OWNER BUSINESS
ENTREPRENEUR - EXPLOITS INNOVATIVE VENTURE OPPORTUNITIES AND CREATE NEW MARKET AT
HOME OR ABROAD
SMALL OWNER BUSINESS - EXPLOITS EXISTING EQUILIBRIUM OPPORTUNITIES AND OPTIMISE
SUPPLY AND DEMAND IN AN ALREADY ESTABLISHED MARKET

ENTREPRENEURAL MINDSET
A MINDSET THAT HAS REVOLUTIONIZED HOW BUSINESS AND SOCIAL VENTURES ARE CONDUCTED
ENTERPRISE - AN ATTITUDE TO LIFE, ATTITUDE OF EXPLORING, OF DEVELOPING, OF LEADING
AND TAKING INNITIATIVES
- AN ENTERPRISING PERSON - PROCESS OF IDENTIFYING, DEVELOPING, BRINGING
VISION INTO LIFE, BE IT AN INNOVATIVE IDEA OR SIMPLY JUST TO MAKE BETTER WAYS OF
DOING THINGS
ENTERPRISING - MARKED BY IMAGINATION, INNITIATIVE AND READINESS TO UNDERTAKE A NEW
PROJECT
ENTREPRENEURAL - WILLINGNESS TO TAKE RISKS IN ORDER TO CREATE VALUE
BOTH TERMS, ENTERPRISING AND ENTREPRENEURAL, REFORS TO A PERSON WHO IS A SOLE
PROPRIETORSHIP OF THE REST OF THEIR LIFE

EVOLUTION OF UNDER-TAKING
ENTREPRENDRE - TO TAKE THINGS IN-BETWEEN OR TO UNDERTAKE
ENGLISH WORD IS UNTERTAKE, NOT USED ANYMORE BECAUSE IT IS NOW USED BY DIFFERENT
PROFESSION
BOTH ENGLISH AND OTHER ROMANCE LANGUAGE DESCRIBE ENTREPRENEURS AS SOMONE WHO
UNDERTAKE TO ORGANIZE, MANAGE, ASSUMES THE RISK OF THE BUSINESS.
OTHER EQUIVALENT FOR THE WORD ENTREPRENEURSHIP IN DIFFERENT COUNTRY
MALAY, USHAWAN - SOMEONE WHO DOES COMMERCIAL ACTIVITY AT A FINANCIAL RISK
THAI, PUPAGONGAN - SOMEONE WHO ASSEMBLE PEOPLE TOGETHER
MOST WORD FOR ENTREPRENEUR IMPLIES THAT THEY ARE AN AGRESSUVE CATALYST FOR CHANGE
WITHING MARKETPLACE

HISTORY THROUGHOUT THE AGES

ENTREPRENEURS BEFORE EXPERIENCED FREQUENT PREJUDICE, DISCRIMINATION AND EVEN DEATH
FOR THEIR BELIEFS AND ACTIVITIES
RUGGED INDIVIDUALISTS - CHERISH INDIVIDUAL LIBERTY AND SELF-RELIANCE. OPPOSED TO
AUTHORITIES AND CONTROL OVER THE INDIVIDUAL
SOVEREIGN INDIVIDUALS

EARLY DEFINITIONS
RICHARD CANTILLON - ASSOCIATES ENTREPRENEURSHIP AS RISK-BEARING ACTIVITIES FOR
ECONOMIG GROWTH
ECONOMIST HAVE LONG SAID THAT ENTREPRENEURSHIP IS A WORD FROM THEM. MOST OF ITS
DESCRIPTION AND TOPIC ABOUT IT CAME FROM ECONOMIST
CANTILLON, JEANE BAPSTITE, JOSEPH SCHUMPETER ALL WROTE ABOUT ENTREPRENEURS AND
THEIR EFFECT IN ECONOMIC GROWTH
WRITES HAVE DIFFERENT DEFINITIONS OF THE WROTE OVER THE DECADES. EXAMPLES:
ENTREPRENEURSHIP IS DOING THINGS THAT ARE NOT GENERALLY DONE IN A COURSE OF
BUSINESS ROUTINE. SOCIAL BRIDGE BETWEEN SOCIETY AS A WHOLE. 3 COMPONENTS: 1.
INITIATIVE, 2. ORGANIZING SOCIAL ECONOMIC MECH TO TURN RESOURCES INTO PRACTICAL
ACCOUNT, 3. ACCEPTANCE TO RISK OF FAILURE
WRITERS HAVE ARGUED OVER THE DECADES IF ENTREPRENEURSHIP CREATE EQUILIBRIUM,
DISQUILIBRIUM, LEADERS, ETC...
RONSTADT SUMMARIZE THE DEFINITIONS OF ENTREPRENEURSHIP AS THE DYNAMIC PROCESS OF
CREATING INCREMENTAL WEALTH AND IS CREATED BY INDIVIDUALS WHO ASSUMES MAJOR RISKS
IN TERMS OF EQUITY, TIME, EFFORT, ETC...

APPROACHES TO ENTREPRENEURSHIP
THEORY OF ENTREPRENEURSHIP - VERIFIABLE AND LOGICALLY COHERENT FORUMALTION OF
RELATIONSHIPS OR UNDERLYING PRINCIPLES TO EXPLAIN ENTREPRENEURHSIP
INTERDISCIPLINARY - IN STUDYING CONTEMPORARY ENTREPRENEURSHIP, THE CONCEPT RECCURS.
IT MEANS THE COMBINING OF FIELDS AND CROSSING BOUNDARIES BETWEEN DISCILIPINES OR
SCHOOL OF THOUGHT

SCHOOLS OF ENTREPRENEURIAL THOUGHT

SCHOOL OF THOUGHT - BODY OF BELIEF, LITERATURE OR THEORY THAT IS ACCEPTED AS
AUTHORITATIVE BY GROUP OF SCHOLARS OR WRITERS

MACRO-VIEW
SOCIAL/CULUTURAL - DEALS WITH EXTERNAL FACTORS AND SOCIAL CONDITIONS AND INFLUENCES
THAT AFFECT A POTENTIAL ENTREPRENEURS' LIFESTYLE
CAPITAL/FINANCIAL - FOCUSES ON SEARCHING FOR SEED AND CAPITAL GROWTH. BASED ON
CAPITAL-SEEKING-PROCESS. BUSINESS GUIDE PLANNING AND TEXT FOR ENTREPRENEURSHIP
DISPLACEMENT - FOCUESES ON NEGATIVE SIDE OF SOCIAL GROUP PHENOMENA
1. POLITICAL - RANGES FROM AN ENTIRE POLITICAL REGIME THAT REJECTS FREE ENTERPRISE
TO GOVERNMENTAL REGULATORIES AND POLICIES THAT LIMIT INDUSTRIES
2. CULTURAL - DEALS WITH SOCIAL GROUP PRECLUDED FROM PROFESSINAL FIELDS. ETHNIC
BACKGROUND, RACE, SEX, RELIGION
3. ECONOMIC - CONCERNED WITH ECONOMIC VARIATIONS OF RECESSIONS AND DEPRESSIONS. JOB
LOSS AND CAPITAL SHRINKAGE
ECOLOGICAL - COMES FROM GROWING PERSPECTIVE OF NATURAL WORLD AND OUR RELATIONSHIP
TO IT AS AN ENTREPRENEUR
MICRO-VIEW - FACTORS THAT ARE SPECIFIC FOR ENTREPRENEURS
ENTREPRENEURIAL TRAITS - IDENTI
VENTURE OPPORTUNITY - FOCUSES ON OPPORTUNITY ASPECT AND VENTURE DEVELOPMENT. ITS
AREA OF INTEREST INCLUDES: SEARCH FOR IDEA RESOURCES, DEVELOPMENT OF CONCEPTS AND
IMPLEMENTATIONS OF.... ...ABILITY TO RECOGNIZE WHEN AN OPPORTUNITY ARISE AND
IMPLEMENT NECESSARY STEPS OF ACTION IS A KEY FACTOR
STRATEGIC FORMULATION - GIVE EMPHASIS ON PLANNING PROCESS IN SUCCESSFUL VENTURE
DEVELOPMENT
MOUNTAIN GAP - IDENTIFYING MARKET SEGMENTS THAT ARISE FROM LARGER MARKET
GREAT CHEF - SKILLS OR SPECIAL TALENT OF ONE OR MORE INDIVIDUALS
BETTER WIDGET - VENTURE THAT ENCOMPASSES NEW OR EXISTING MARKET
WATER WALL - HARNESS OR GATHER SPECIAL RESOURCES

GEEZLE - JOB-CREATION COMPANIES. NEW AND FIRM BUSINESS THAT CREATES THE MOST JOBS.
FAST GROWING BUSINESSES.
MYTHS ABOUT GEEZLE - HIGH TECH,