Group 1

ENTREPRENEURIAL
THE

MIND Lesson 2
ENTREPRENEURIAL MIND FRAME
Entrepreneurial mind frame allows the
entrepreneur to see things in a very positive and
optimistic light in the midst of crisis or difficult
situations.

In fact, in Chinese writing, the word crisis is

composed of two characters. The first character
means danger while the second character means
opportunity.
ENTREPRENEURIAL MIND FRAME
Passion is the great desire to attain a vision or fulfill a
mission. It is about wanting something so much that a
person would be willing to totally devote oneself to the
quest.

"..people with passion

can change the world for
the better."

-Steve Jobs
The Entrepreneurial heart flame is
also about emotional intelligence or
EQ, which is often manifested in the
entrepreneurs' efforts to nurture
relationships with customers,
employees, and suppliers.

ENTREPRENEURIAL
HEART FLAME
 The entrepreneur also
This creates caring culture
looks after the interests of
within the organization
his or her people by
that brings about synergy
motivating and
among the people working
encouraging them to be
toward a common vision.
the best that they can be.

ENTREPRENEURIAL HEART FRAME

 The Entrepreneurial gut
game refers to the ability of
the entrepreneur to sense
without using five senses.
This is also known as
ENTREPRENEURIAL intuition.
GUT GAME

The gut game also connotes

courage or, in the local
dialect, "lakas ng loob"
(strong intestinal fortitude).
 Successful new products spring from the
convergence of:
NEWN
PRODUCT 1 The creative mind;
DEVELOPMENT
2 The technical mind; and

3 The business mind.

 ENTREPRENEURIAL MIND
The CREATIVE MIND conceptualizes and designs a product that consumers
find some use for. It likewise produces a product that is pleasing to see,
touch, smell, hear, and taste.
 ENTREPRENEURIAL MIND
The TECHNICAL MIND is the
technology originator. The
entrepreneur may not necessarily
possess the technical mind but
this is what drives him or her to
convert new knowledge into
something highly functional and
operational.
 ENTREPRENEURIAL MIND
The BUSINESS MIND harnesses the potentials of new products by creating
the market space for them. It also organizes sufficient forces and resources
to develop, launch, and commercialize the new product in order to
maximize its market value.
 The seed of entrepreneurship is
5 ESSENTIAL
the ability to see things CHARACTERISTICS
differently. Whether it's with
new products or new processes, OF THE
entrepreneurs are driven by the
uncanny knack to see holes in the
ENTREPRENEURIAL
marketplace and devise MIND
innovations to fill them.

CREATIVITY
 SUSPICION OF PREDICTORS
Entrepreneurs tend not to labor under the assumption that data is the
sole predictor of an outcome. Especially in new markets and with new
products where data is largely interpretive or extrapolated,
entrepreneurs are undaunted by the typical predictors that may put
off fainter hearts.
 Similarly, a distrust of
prediction and analysis
creates an atmosphere where
uncertainty rules. Indeed,
uncertainty is the very
essence entrepreneurship.

COMFORT WITH
UNCERTAINTY
 OPENNESS TO EXPERIMENTATION

A comfort with experimentation goes beyond educated trial and error.

The ability to experiment with products, processes and outcomes, no
matter where the results may lead, is the key element of this quality.
 FUNCTIONAL HUMILITY

Egos can destroy the very best ideas. Entrepreneurs who are committed to
solving a business problem or reinventing a product or service display a
functional humility
 GROUP 1 MEMBERS:

THANK
ALCANTARA, PATRICIA
ENDON, ELLYZA JEAN
CAPUNO, SHARICAH MAE

YOU ! ! !
LOPEZ, TRISHA MAE
VISPO, KHAYLA JOY
MANGUIAT, JOHN CHRIS
RIVERA, MARK JOSHUA