ENTREPRENEURSHIP

Overview of Entrepreneurship And

Its Relevance to SHS Students

OBJECTIVES:
• Increase your knowledge about Entrepreneurship;

• Determine the relevance of Entrepreneurship to your

everyday life and to the society as a whole
INTRODUCTION TO ENTREPRENEURSHIP

ENTREPRENEUR
- Derived from French verb ‘entreprendre’, which
means to “to undertake”
ENTREPRENEURSHIP-
The art of observing correct practices in managing and
operating a self-owned wealth-creating business
enterprise by providing goods and services that are
valuable to the customers.
(Entrepreneurship in Philippine Setting for Senior High School-Nick L. Aduana)
ENTREPRENEURSHIP-
- One of the resources economists categorize as integral
to production
An entrepreneur combines the three resources – land/natural
resources, labor and capital – to manufacture goods or provide
services. They typically create a business plan, hire labor, acquire
resources and financing, and provide leadership and management
for the business. (www.investopedia.com)
OVERVIEW OF ENTREPRENEURSHIP
Entrepreneurship is…

• The act of creating a business or businesses while building and

scaling it to generate a profit.

• An important driver of economic growth and innovation.

• What people do to take their career and dreams into their hands and
lead it in the direction of their own choice.

• About building a life on your own terms. No bosses. No restricting

schedules. And no one holds you back.
An Entrepreneur is ….

• A person who sets up a business with the aim to make a profit and
creates a new business, bearing most of the risks and enjoying most
of the rewards.

• An innovator, a source of new ideas, goods, services, and

business/or procedures.

• Playing a key role in any economy, using the skills and initiative
necessary to anticipate needs and bring good new ideas to market.
IMPORTANCE OF ENTREPRENEURSHIP
1. Entrepreneurship generates new wealth in an economy.

2. Entrepreneurship decreases poverty.

3. It creates opportunities, ensures social justice, instills

confidence and stimulate the economy.

4. Entrepreneurship improves productivity.

Importance of Entrepreneurship (continuation)

5. Entrepreneurs create jobs.

6. Entrepreneurs innovate.
7. Entrepreneurs create innovation and social change.
8. Entrepreneurs give to society.
 Incorporating
ENTREPRENEURSHIP to
SHS Curriculum,
is it ESSENTIAL?
RELEVANCE OF ENTREPRENEURSHIP TO SHS STUDENTS

1. To prepare students for livelihood even before college.

2. Entrepreneurship education aids students from all

socioeconomic backgrounds to think outside the box and
nurture unconventional talents and skills.

3. Entrepreneurship develops their initiative and helps them to

be more creative and self-confident in whatever they
undertake and to act in a socially responsible way.
RELEVANCE OF ENTREPRENEURSHIP TO SHS STUDENTS

4. It exposes students to numerous opportunities to learn how

to think critically and analyze the pieces on the board.

5. Being aware of all the important factors and seeing how

they affect each other is the foundation of a smart decision-
making process.

6. Students have to be exposed to real-world examples and

learn from their own experience.
RELEVANCE OF ENTREPRENEURSHIP TO SHS STUDENTS

7. Entrepreneurship education requires students to be

innovative, creative and collaborative with others.

8. Entrepreneurship education provides budding entrepreneurs

with the skills and knowledge to come up with business ideas
and develop their own ventures.
OBJECTIVES:
• Identify the Common and Core Competencies in
Entrepreneurship;

• Explore Job opportunities for Entrepreneurship as a

Career
COMPETENCIES IN ENTREPRENEURSHIP
AND JOB OPPORTUNITES FOR
ENTREPRENEURSHIP AS A CAREER
 THREE LEVELS OF
ENTREPRENEURIAL COMPETENCIES:

1. Personal competencies
- These are your abilities to ground yourself so that you
are secure and self-assured in whatever situation you
may find yourself (www.freemanagement-ebooks.com).
Example:
Creativity, Determination, Integrity, and Self-Criticism
 THREE LEVELS OF
ENTREPRENEURIAL COMPETENCIES:

2. INTERPERSONAL COMPETENCIES
- the ability to lead, influence, communicate, supervise,
negotiate, and control people at all levels.
It is the ability to get along with people and motivate
people to perform jobs. Entrepreneurs must effectively
manage people (baseread.com).
Example:
Creativity, Determination, Integrity, and Self-Criticism
 THREE LEVELS OF
ENTREPRENEURIAL COMPETENCIES:

2. INTERPERSONAL COMPETENCIES
- the ability to lead, influence, communicate, supervise,
negotiate, and control people at all levels.
It is the ability to get along with people and motivate
people to perform jobs. Entrepreneurs must effectively
manage people (baseread.com).
Example:
Communication, Engagement and Delegation
 THREE LEVELS OF
ENTREPRENEURIAL COMPETENCIES:

3. BUSINESS COMPETENCIES
- These are set of particular abilities and knowledge
that sets a company apart from its competitors
It also refers to the key characteristics that successful
entrepreneurs should have in order to be successful
Example:
Business Vision, Financial Management and Networking
 CORE AND COMMON COMPETENCIES
IN ENTREPRENEURSHIP

COMPETENCE is an underlying personal characteristic

which leads to superior performance. It is
a combination of knowledge, skills, attitudes, and motives
(baseread.com).
 CORE AND COMMON COMPETENCIES
IN ENTREPRENEURSHIP

CORE COMPETENCY is the foundation for sharpening a

company's competitive edge and it guides
brand reputation, business growth, and marketing strategy
 CORE AND COMMON COMPETENCIES
IN ENTREPRENEURSHIP

COMMON COMPETENCY
is one that describes the knowledge, skills and abilities
found in most or all position (www.ifpm.nifc.gov).
 CORE AND COMMON COMPETENCIES
IN ENTREPRENEURSHIP

ENTREPRENEURIAL COMPETENCIES
facilitate opportunity recognition, help adapt rapidly to
changes, enhances business performance, strengthen the
firm’s competitive position and stir the achievement of
organizational success. It is the sum total of the personality,
skills and knowledge that the entrepreneur possesses, which
are necessary to effectively perform their functions and
responsibilities (Edralin, D. M., 2016).
CORE AND COMMON COMPETENCIES
IN ENTREPRENEURSHIP
CORE AND COMMON COMPETENCIES
IN ENTREPRENEURSHIP
REASONS WHY MANY WOULD LIKE TO BECOME
AN ENTREPRENEUR:

1. Achievement, Challenge and Learning

2. Independence and Autonomy
3. Income Security and Financial Success
4. Recognition and Status
5. Family
6. Dissatisfaction with Current Work Arrangements
7. Community and Social Motivation