University of Cebu

National Service Training Program

Civic Welfare Training Service

ENTREPRENEURSHIP DIMENSION OF
DEVELOPMENT
WHAT IS ENTREPRENEURSHIP

Fajardo (2009) defines entrepreneurship as the

new or different ways of doing things technology,
marketing, human relations, and management.
Fajardo (2009) also stresses that
entrepreneurship is the effective and efficient
way of managing the business capacity and
quality of an individual toward customer
satisfaction.
Economical and faster method of distributing
goods.
ENTREPRENEUR

Thinks creatively, plans

strategically, and projects clear,
realistic, and objective plans.
Organizes, manages, and faces the
risks in a business.
Confident and believes possibility
of change.
AN ENTREPRENEUR ACCORDING TO
LEE AND LEE (2008) SHOULD BE:

1. an administrator
2. a planner
3. a leader
4. a negotiator
5. a communicator
6. a decision maker
7. a good follower
HOW DOES ONE DEVELOP
HIS OR HER ABILITIES AS AN
ENTREPRENEUR
1. Get interested in creating something useful
to the society or community.
2. Being sensitive to what is beautiful and to
the day-to-day needs of the
society/community.
3. Rely on oneself instead of being dependent
on others.
4. Conscious and aware of his/her
society/community's sources of income.
SOCIAL ENTREPRENEUR

Are pioneers of innovations that benefit humanity.

Create solutions that are efficient, sustainable,
transparent, and have measurable impact.
Eleuterio (2000) states that a social entrepreneur
must be visionary, sees opportunities around
him/her, and develops all avenues of business
growth (education, health, security, and etc.)
Drucker adds that social entrepreneurs are hunter
gatherers. They learn how to deal with mistakes
and do not change to fit their environment.
ADVANTAGES OF MANAGING
ONE'S OWN BUSINESS

1. Personal relationships with customers and

employees
2. Flexibility in management
3. Government incentives
4. Knowledge of record-keeping technique
5. Interdependence
DISADVANTAGES OF MANAGING
ONE'S OWN BUSINESS

1. Difficulty in raising capital

2. Risk of failure
3. Limited management skills
4. Lack of opportunities for employees
RETAILING

Concerned with selling certain goods that

usually satisfy potential and existing customers.
It involves the following services:

1. Storekeeping
2. Pricing
3. Advertising
4. Record-keeping
5. Maintaining inventory
SERVICE TYPES OF
ENTREPRENEURIAL ACTIVITY
Common forms of profitable entrepreneurial ventures:

1. Food services
2. Lodging services
3. Financial services
4. Recreation and tourism services
5. Transportation services
6. Personal services
7. Repair and maintenance services
8. Rental services
SOCIAL RESPONSIBILITY OF
ENTREPRENEURS

1. Adopt a mission to create and sustain social

value.
2. Recognize and relentlessly pursue new
opportunities to serve that mission, engage
in a process of continuous innovation,
adaptation, and learning; and act boldly
even with limited resources.
3. Exhibit a heightened sense of accountability
to the constituents served and for the
outcomes created.
PHILANTHROPISTS

helps the less privileged in the society.

donates a considerable amount of money to a
foundation that supports early childhood
education or sets up hospitals in a poverty-
stricken areas.
ACTIVISTS

who puts pressure on policymakers and the

public to stop a specific practice are not social
entrepreneurs.
COMPANIES WITH A
FOUNDATION

The priority of a company is to make money

for its stakeholders.
DEVELOPING A BUSINESS PLAN

Planning involves asking and answering the

following:

1. What to do?
2. How to do it?
3. When to do it?
4. What to expect in the future?
DEVELOPING A BUSINESS PLAN

Planning should always be geared toward

customer satisfaction:

1. Realistic
2. Based on felt needs
3. Flexible
4. Starting with simple projects
CRITERIA FOR BUSINESS
PLANNING

1. Clarity of objectives
2. Satisfactory accomplishment of objectives in
terms of quantity, quality, time, and cost
3. Provision of guidelines to attain objectives
4. Identification of departments/units involved
5. A set time frame or duration
6. Specified resources and corresponding costs
7. Designated and accountable
officers/executives
 University of Cebu
National Service Training Program
Civic Welfare Training Service

ENTREPRENEURSHIP DIMENSION OF
DEVELOPMENT