BY: Pavi Antoni D.

Villaceran, MBA, JD (c)

HOW ABOUT THIS ONE?
LAST ONE!
CAN YOU GIVE
MORE EXAMPLES?
 Objectives
At the end of the discussion, learners will understand the meaning of
entrepreneurship
Will demonstrate understanding on the salient features of entrepreneurship
Will be able to understand the importance of the study in their respective
courses
VOCABULARY
• •
ENTREPRENEUR -
• a person who strongly advocates SMALL BUSINESS
and correctly practices the • Refers to a business or enterprise
concepts and principles of that correctly adopts and
entrepreneurship in operating practices the principles of
and managing the self-owned entrepreneurship.
business venture
VOCABULARY
• ORDINARY SMALL BUSINESS •
• pertains to a business enterprise INTRAPRENEURSHIP
managed and operated by an •business that are managed by
owner who is not an advocate of others for the benefit of the
and does not practice the owners
concepts and principles of
entrepreneurship.
EXAMPLE ON INTRAPRENEURSHIP
• It might be the best-selling console in the
world today, but Sony’s PlayStation only
happened because a junior employee
tinkered with his daughter’s Nintendo.
• Ken Kutaragi spent hours trying to make
the console more powerful and user-
friendly but his idea was reportedly
rebuffed by many Sony bosses – hesitant
at joining a gaming industry they
considered a waste of time. One senior
employee spotted value in Kutaragi’s
innovative product and the rest, as they
say, is history.
 WHAT IS
ENTREPRENEURSHIP?
any thoughts??
PERFECT!!
this should be easy!
SALIENT FEATURES OF ENTREPRENEURSHIP
•It is an art of correct practices
•It is a wealth-creating venture
•It provides valuable goods and services
•It entails opening and managing the self-owned enterprise
•It is a risk-taking venture
•

• ITS AN ART OF OBSERVING

CORRECT PRACTICES
•

WEALTH CREATING
VENTURE
VALUABLE GOODS AND SERVICES
• TANGIBLE • INTANGIBLES
•

MANAGING AND
OPENING SELF
OWNED BUSINESS
•

RISK TAKING
VENTURE
•

ANY QUESTIONS
SO FAR?
LET ME ASK YOU..
WHAT WAS YOUR SOURCE OF
INCOME DURING PANDEMIC?
LET'S ASSUME YOU DONT HAVE A
JOB
 LET'S REVIEW!
INSTRUCTIONS
i want you to transform this ordinary small business into an
entrepreneurial venture
THATS ALL! THANK YOU!!