Objectives:

•Explain the concept of Entrepreneurship

•Discuss Entrepreneurship in some countries and
in the Philippines
 Creating Value
Realizing yours aspiration

Taking Calculated Risk

Listening to your heart
 Concept
of
Entrepreneurship
Entrepreneurship Process or Action

Entrepreneur The founder and creator of enterprise

Enterprise A business or company

 Contributor Definition
Knight (1921) Having profits from being uncertainty and risk

Schumpeter (1934) Carrying out of new combinations of firm

organization
Hoselitz (1952) Uncertainty bearing……. Coordination of productive
resources….. Introduction of innovations and
provisions of capital
Cole (1959) Purposeful activity to initiate and develop a
profit-oriented business
McClelland (1961) Taking moderate risk
 Contributor Definition
Shapero (1975) 1. Initiative taking
2. Organizing or reorganizing of social economic
mechanisms to turn resources/situation to
practical account
3. Acceptance of risk failure
Casson (1982) Decisions and judgements about the coordination
of scarce resources
Ronstadt (1984) Dynamic process of creating incremental wealth

Drucker (1985) Behavior rather than personality trait

 Contributor Definition
Gartner (1985) Creation of new organization

Hisrich & Brush Process of creation something new with value by

(1985) devoting necessary time and effort
Stevenson & Pursuit of opportunity without regard to
Grousebeck (1989) resources currently controlled
Hart, Stevenson and ….But constrained by the founder’s previous
Dial (19950 choices and industry related experiences
Shane (2003) An activity that involves the discovery, evaluation
and exploitations of opportunities
 Contributor Definition
Kuratko (2009) Dynamic process of vision, change and creation
that requires an application of energy and
passion

Dyck and Neubert Conceiving an opportunity to offer new or

(2012) improved goods or services
 Innovation
Opportunity seeking and
exploitation
Resource mobilizing
Encountering risks and uncertainties

Economic and personal rewards

Entrepreneurship is a
process and approach
1. United States 6. Taiwan
2. China 7. Hongkong
3. Singapore 8. Thailand
4. Canada 9. Malaysia
5. India 10. South Korea
United
States
• One of the friendliest countries for
entrepreneurs
• A home to thousands of successful
entrepreneur
Chin
a
• A home to budding
entrepreneurs who
manufacture different
products that range from
toys, gadgets , electronics
and cars
Singapo
reinnovate on existing services for
•Many of their entrepreneurs

local and international use

Canada
•Entrepreneurs in Canada are
exploring opportunities over
the internet
Sanikiluag/Sanikiluaq
Indi
•It is one of the countries in the Asia –Pacific

a
rim the with a strong base of entrepreneur
organizations led by the youth and women
Taiwa
• Entrepreneurship is encouraged here through

n
small and medium enterprise incubation
center for the purpose of nurturing young
firms, new products and technologies
Hong
Kong
• Known as shopping haven
• Knowledge-based economy
Thailand
•Tourism for the international markets and
agricultural exports are the two main
sources income of Thai entrepreneurs
Malaysi
• Apparent in the number of business

a international and local

• Its current emphasis on tourism as a business
venture for entrepreneurs is gaining popularity
South
Korea
• Emerged from the Asian financial crisis
better than any other country in the
region
 A Brief History on
Entrepreneurship in the
Philippines
•The government focuses on promoting entrepreneurship
with the right environment. This includes regulatory
frameworks, financial resources, and support programs
for entrepreneurs, as well as business practices
and social attitudes towards
entrepreneurship in general.
1. Explain the meaning of Entrepreneurship according to Shane.
2. What are the differences between the meaning of Entrepreneurship
as defined by Schumpeter, Drucker and Kuratko.
3. What are the five common elements in the various definition of
entrepreneurship.
4. Discuss why the USA, India and South Korea are
friendly to Entrepreneurs.
5. What are the factors that stimulate Entrepreneurship
in the Philippines.