Entrepreneurship

Maria Beatriz P. Gomez, LPT

Learning Objectives

 The learners should be able to discuss the relevance of the course..

The learner demonstrates understanding of key concepts, underlying principles,
and core competencies in Entrepreneurship.
This Photo by Unknow n author is licensed under CC BY-NC-ND.
 Trivia

Richest women on
She was so poor, she
earth (She is now
wore potato sack
worth US$2.5 billion
dresses
(September 2020)

Her real name is Orpah

from the bible, most she was molested
people mispronounced during childhood and
it as Oprah & it stuck got pregnant at 14
that way

Credited for
confessional form of
media communication

https://www.biography.com/media-figure/oprah-winfrey
This Photo by Unknow n author is licensed under CC BY.
Activity 1: Let Me Know

 Give at least five (5) names of entrepreneurs that you know, may it be from
your locality or within the Philippines. Identify what are their common traits
as entrepreneurs.
Activity 2. Essay - Competencies of
Entrepreneurs
 1. What characteristics can you observe or see that are common among the
entrepreneurs that you have listed?
 2. Who among the entrepreneurs that you mentioned do you admire the most
and why?
 3. In your own opinion, what do you need to possess to become a successful
entrepreneur?
5 pts

5 pts

5 pts

15 pts
 Entrepreneur

 An entrepreneur comes from the

French word “entreprendre”
which means to undertake.

 “The entrepreneur always

searches for change, responds to
it and exploits it as an
opportunity.” (Peter Drucker)
 An individual who undertakes the
risk associated with creating,
organizing and owning a business
In other words,  theprocess in creating an
Entrepreneurship enterprise by an entrepreneur
is
RELEVANCE OF ENTREPRENEURSHIP TO
AN ORGANIZATION
 1. Development of Managerial Capabilities - this means that one of the benefits
 an entrepreneur gets is to develop his managerial skills.
 2. Creation of Organizations - which means that because of entrepreneurship
 many organizations will exist.
 3. Improving Standard of Living - this means that entrepreneurship can lift up the
 economic status of an individual.
 4. Means of Economic Development - this means that not only the life of the
 entrepreneur is improved but also the society where the business is located.
Factors Affecting Entrepreneurship

b. Proactive - which
1. Personality a. Initiative - doing means he can
Factors which things even before classify
include: being told. opportunities and
seize it.

c. Problem Solver - d. Perseverance -

which means he can meaning he will
retain good pursue things to get
relations with done regardless
other people. of challenges.
Continuation:

e. Persuasion - g. Risk-taker - which

f. A Planner - he
means that he can means that he
makes plans before
entice people to buy is willing to gamble
doing things and does
even if but he
not fail to monitor it
they don’t want to. will calculate it first

2. Environmental
Factors which economic and social
include political, conditions and
climate, legal market situations
system,
Common Competencies in
Entrepreneurship
 1. Decisive - an entrepreneur must be firm in making decisions.
 2. Communicator - an entrepreneur must have a convincing power.
 3. Leader - an entrepreneur must have the charisma to be obeyed by his
 employees.
 4. Opportunity seeker - an entrepreneur must have the ability to be the first
to see business chances.
 5. Proactive – an entrepreneur can control a situation by making things
happen
 or by preparing for possible future problems.
 6. Risk Taker – an entrepreneur has the courage to pursue business ideas.
 7. Innovative - the entrepreneur has big business ideas and he does not stop
improving and thinking of new worthwhile ideas for his business.
Core Competencies in
Entrepreneurship
 1. Economic and Dynamic Activity - Entrepreneurship is an economic activity
because it involves the creation and operation of an enterprise with a view to
creating value or wealth by ensuring optimum utilization of limited resources.
 2. Innovative – The entrepreneur constantly looks for new ideas, thus he needs
to be creative.
 3. Profit Potential - The entrepreneur can be compensated by his profit coming
from the operation.
 4. Risk bearing – The entrepreneur needs to gamble but wise enough to offset the
risk
Types of Entrepreneurs
 1. Innovative Entrepreneurs - They are those who always make new things
by thinking of new ideas. They have the ability to think newer, better and
more economical ideas.
 2. Imitating Entrepreneurs - They are those who don’t create new things but
only follow the ideas of other entrepreneurs.
 3. Fabian Entrepreneurs - They are skeptical about changes to be made in
the
organization. They don’t initiate but follow only after they are satisfied.
4. Drone Entrepreneurs - They are those who live on the labor of others. They
are die-hard conservatives even ready to suffer the loss of business.
 5. Social Entrepreneurs - They are those who initiate changes and drive
social
innovation and transformation in the various fields such as education, health,
human rights, environment and enterprise development.
Career Opportunities of
Entrepreneurship
 1. Business Consultant - with the expertise of in the field of
entrepreneurship, he can be a very good source of advices to other
entrepreneurs and would be business men.
 2. Teacher - a graduate of an entrepreneurship can use his knowledge
in teaching.
 3. Researcher - the entrepreneur can be employed as a researcher by an
enterprise.
 4. Sales - the entrepreneurship graduate can apply as a salesman.
 5. Business Reporter - the entrepreneur being expert in the field, can be
employed as a business reporter
The Perks of being an Entrepreneur

*not limited to the ff.

 Risk of being
an
Entrepreneur
Socio Economic Benefits from
entrepreneurship
CONTRIBUTIONS OF ENTREPRENEURSHIP
TO THE ECONOMY AND SOCIETY

 Create employment
 Develop new markets
 Introduces innovation (products & services)
 Generates new sources of materials
 Stimulates investment interest in the new business ventures being created
 Improves the quality of life
 Serves as role models
 Brings social benefits to the people
 Utilizes and mobilizes indigenous resources
 Provides more alternatives for consumers
Reflect:
 Many people go into business just so
they can be in charge and make lots of
money. Do you think this is the most
important reason to start you own
business?
Quiz on Friday
September 2, Lesson 1
2022
References
BOOKS
 Aduana, N. (2017). Entrepreneurship in Philippine Setting (for Senior High School)
 Aduana, N. (2017). Etrepreneurship in Philippine Setting for Senior High School.
C&E
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 Aduana, N. (2016). Entrepreneurship In Philippine Setting For Senior High School.
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 Aduana,N (2015). Financial statements; Preparation, presentation, analysis and
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 Batisan, R. (2016). Entrepreneurship: Diwa Senior High School Series, Diwa
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 Morato, E. Jr. (2016). Entrepreneurship, 1st ed., Manila, Philippines: REX Books
 Store,p.13
 Teaching Guide for Senior High School, Fundamentals of Accountancy, Business,
 & Management 1, CHED in collaboration with PNU
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