ENTREPRENEURSHIP

ENTREPRENEURSHIP
 CONCEPT OF ENTREPRENEURSHIP

◼ putting up a business
◼ economists believe that it is more than simply starting it
◼ to most businesspeople, an entrepreneur is willing to bear and take the risk
of creating a new venture if there is a substantial potential for growth and
profit
◼ others believe that the entrepreneur’s role is to be the innovator of new
products and services that delivers customer’s needs and demands
Joseph Schumpeter (1883-1950)
- economist
-studied how the entrepreneurs
are motivated to look, innovate,
and create new and better ways
of doing business
Peter Drucker (1909-2005)
-business expert
-entrepreneur is someone who searches for things to
change, responds to it by researching and taking new ideas
and trends, and exploits these changes as an opportunity
to create and deliver something better
IMPORTANCE OF ENTREPRENEURSHIP
EDUCATION

◼ Entrepreneurship is very important to our economy as key

driver.
◼ Entrepreneurship education is an individual lifelong learning
process.
◼ Entrepreneurship will energize school management.
◼ Entrepreneurship will transform learners to be innovators.
 WHAT IS ENTREPRENEURSHIP?

◼It is described as the process of creating something new

◼means someone has to be able to create something new
that can offer value to its chosen market
 ENTREPRENEUR
◼ an individual who plans, organizes and operates a business or businesses,
taking greater than normal financial risks, psychic and social risks
◼ Idea creation is one; the real deal is starting the business and making the
idea a reality
◼ an entrepreneur must be willing to take the risk and prepare for the
worst possibilities.
◼ the rewards are really great to those who are ready to take the
challenge.
 ENTREPRENEURIAL COMPETENCIES
1. Initiative
2. Sees and acts on opportunities
3. Persistence
4. Information Seeking
5. Concern for Work Quality
6. Commitment to Work Contract
7. Efficiency Orientation
8. Systematic Planning
9. Problem Solving
10. Self-Confidence
11. Assertiveness
12. Persuasion
13. Use of Influence Strategies
CHARACTERISTICS OF AN ENTREPRENEUR

1. Ambition
2. Enthusiasm
3. Creativity
4. Decision-making
5. Perseverance
 THE REWARDS OF ENTREPRENEURSHIP

1. MONEY
2. FREEDOM
3. PSYCHOLOGICAL REWARDS
POSSIBLE PROBLEM FACING BY ENTREPRENEURSHIP

1. Usually Business demands more hard work.

2. It will also demands long working hours.
3. It requires a lot of Sacrifice.
4. Can cause a lot of emotional and Psychological stress.
5. Unforeseen Event.
MOST SUCCESSFUL ENTREPRENEURS IN THE WORLD
FAMOUS TIPS FROM SUCCESSFUL BUSINESS LEADERS OF THE
COUNTRY

1. John Gokongwei Jr. Chairman, JG Summit Holdings “The more bitter the
lesson, the greater the future success.”
2. -Lucio Tan Chairman and CEO, LT Group Inc. “I was born poor, but poor
was not born in me.”
3. Metro Pacific Investments Corporation “There is no such thing as overnight
success or easy money. If you fail, do not be discouraged; try again. When
you do well, do not change your ways. Success is not just good luck: it is a
combination of hard work, good credit standing, opportunity, readiness and
timing. Success will not last if you do not take care of it.”
4. Henry Sy Chairman and CEO, SM Investments Corporation “Dreams are
free, so why limit what you are aspiring for? But dreaming is not enough.
One needs to put in enough energy and input.”

5. -Tony Tan-Caktiong Founder, Jollibee Foods Corporation

“Find out what you like doing best, and get someone
to pay you for doing it. ” Katharine Whitehorn
REVIEW YOUR LESSON AND STUDY HARD

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