TLE 10 2ND QUARTER REVIEWER

ENTREPRENEURSHIP 4. Risk Taking

- is a process of innovation and new
venture creation
ENTREPRENEUR
- People who have the ability to see and
evaluate opportunities to gather the
necessary resources and to take
advantage to them and to evaluate
appropriate action to ensure success
5. Value for efficiency and quality
- Quality is to motivate intrinsically
(inside) and extrinsically (outside)
- Internal and external motivations
Planning Cluster
- Setting of objectives, policies and
standards

CREATIVE VS. INNOVATIVE 1. Goal Setting

Act of Introduction - “SMART” Specific, Measurable,
creating new of something Attainable, Realistic, Time bound
ideas, new and
imaginations effective into 2. Information Seeking
and the market - Want to know more about the choice
possibilities ventures supplies and competitors
 Clients
 Suppliers
CREATIVE- imaginative, thinking something  Competitors
new, no money
INNOVATIVE- productive, introducing 3. Systematic Planning and monitoring
something new, money - Intelligent forecast
- Logical
TOP 10 QUALITIES OF AN ENTREPRENEUR  Apply step by step procedure
1. Risk Taker  Assess other alternatives (different
2. Goal Oriented techniques)
3. Persistent and Hardworking  Monitor other strategies
4. Full of Energy  Shift to other strategy
5. Open to criticism
6. Responsible Power Cluster
7. Confident and Self-Reliant - Characteristics that determine eventual
8. Knowledgeable success or failure
9. Human Management Ability
10. Innovative 1. Persuasion and Networking
11. Achievement Oriented - Make connections with people
- Building relationships
PERSONAL ENTREPRENUAL COMPETENCIES - Talk to people
3 PECS:
ACHIEVEMENT- 5 2. Self Confidence
PLANNING- 3 - Believe in themselves and their ability
POWER- 2 to achieve what they want

Achievement Cluster

1. Opportunity Seeking
- Take the risk and know the hindrances
and problems that may occur
- Know the different business
opportunities
- Know the wants (satisfy) and needs
(survival) of the consumers (profit)

2. Persistence
- Think positively, face every difficulty
squarely and hang on

3. Committed to Work Contract

- 3 kinds: Affective, Normative,
Continuance
- A- want to stay at the org.
- N- should stay (obliged)
- C- need to stay (napilitan)