UNIT 1

INTRODUCTION TO

ENTREPRENEURHIP
PREPARED BY: MR. DIOSDADO MANLANGIT
CONTENTS
01
RELEVANCE OF ENTREPRENEURSHIP TO AN
ORGANIZATION
02 CONCEPT OF ENTREPRENEURSHIP

03 FACTORS AFFECTING ENTREPRENEURSHIP

04 CORE COMPETENCIES IN ENTREPRENEURSHIP

05 FUNCTIONS OF AN ENTREPRENEURSHIP

06 TYPES OF ENTREPRENEURS

07 CAREER OPPORTUNITIES

08 SOME MYTHS ABOUT ENTREPRENEURSHIP

LEARNING OUTCOMES
Discuss the relevance of the course

Explain the key concepts of

common competencies

Explain the core competencies in

entrepreneurship
Explore job opportunities for
entrepreneurship as a career
 CONCEPT OF ENTREPRENEURSHIP
The word “entrepreneur” was derived from the
French verb entreprendre, which means ‘to
undertake’ the risk of new enterprises.
Entrepreneurship is a process of actions of an
entrepreneur who is always in search of something
new to exploit new idea into gainful opportunities
by accepting the risk and uncertainty of the
enterprise
 ENTREPRENEUR
The person who undertakes entreprenuerial
activities.
FACTORS OF PRODUCTION/
ECONOMIC RESOURCES
NATURAL RESOURCES- LAND
HUMAN RESOURCES- LABOR
FINANCIAL RESOURCES- CAPITAL
TECHNOLOGY
ENTREPRENUERSHIP
 RELEVANCE OF ENTREPENEURSHIP TO AN
ORGANIZATION

1. DEVELOPMENT OF MANAGERIAL CAPABILITIES

- It helps in identifying and developing managerial
ca[abilities of entrepreneurs.
eg. Studying problems, Identifying its alternative,
comparing alternative, decision making skills and
creating new technologies and product.

2. CREATION OF ORGANIZATIONS
- Entrepreneurship results in the creation of
organizations when entrepreneurs assemble and
coordinates physical, human and finacial resources and
direct them towards achievement of objectives through
managerial skills.
 RELEVANCE OF ENTREPENEURSHIP TO AN
ORGANIZATION
3. IMPROVING STANDARD OF LIVING
- It helps in making a wide variety of goods and
services available to the society which results into higher
standard of living for the people.
eg. Luxury cars, computers, mobile phones, rapid
growth of shopping malls, etc.

4. MEANS OF ECONOMIC DEVELOPMENT

- Involves creation and use of innovative ideas,
maximization of output from given resources and
development of managerial skills.
 FACTORS AFFECTING ENTREPRENEURSHIP
1. Personality Factors

a. Initiative- does things before being asked.

b. Proactive- Identifies and utilizes opportunities.
c. Perseverance- overcome obstacles and is never complacent with success.
d. Problem-solver- develop and maintain relationship with customers.
e. Persuasion - convinces customers to patronize his business
f. Self- confidence- Strong decisions
g. Self-critical- learns from mistakes
h. A Planner- collects information, prepares plan, and monitors performance.
I, Risk- taker- is willing to take calculated risks

2. ENVIRONMENTAL FACTORS

- Which include political, climate, legal system,

economic, social condition and market situations.
 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 scarce
resources
2. INNOVATION
- Entrepreneur constantly look for new ideas,
thus he needs to be creative.
3. PROFIT POTENTIAL
CUSTOMERS
- Entrepreneur can be compensated by his
profit coming from the operation.
4. RISK BEARING
- Entrepreneur needs to gamble but wise enough
to offset the risk.
 PERFORMANCE TASK #2 QUALITIES OF ENTREPRENEURS: A SELF-
ASSESSMENT
Find out if you are the sort of person that could set up and operate a business. Check YES if the statement
applies to you and check NO if it doesn’t. Put your work in LONG BOND PAPER.

YES NO

1. I think that a routine pattern of life with regular working hours suits me best

2. I have always thought and acted by myself.

3. Sometimes I think I seem to achieve nothing.

4. It is not good to start something unless you are going to finish it.

5. I am much happier when I do not have to rely on other people.

6. I often feel that I am the victim of events that I cannot control.

7. In any bad situation I always get something good from it.

8. It is very important to me that people recognize my success.

9. I am not too ambitious so that I can avoid being disappointed.

10. I am prepared to take risks only after I have thought about all of the possible consequences.

11. When I talk to a senior person I do not usually say what I mean.

12. People often tell me that I am good at understanding their point of view.

13. The amount of money that I earn is more important than how hard I work to earn it.

14. I usually work later than I plan.

INTERPRETATION: If you have more Yes than No you have the making of an entrepreneur.
FUNCTIONS OF AN
ENTREPRENEUR
1. INNOVATION
An entrepreneur is basically an innovator who tries to
develop new technology, products and markets.

ERNEST L. CU- Transformed a simple

data entry service company into
becoming one of the country’s largest
outsourcing service providers.
2. ASSUMPTION OF RISK
This willingness to take risks allows an entrepreneur to take
initiatives in doing new things and marching ahead in his/her
efforts.

CORAZON D. ONG- is a dietitian by

profession who used her knowledge
to create affordable processed meat
products that could compete with the
already well known and established
processed meat brands.
3. RESEARCH
An entrepreneur finalizes an idea only after considering a variety
of options, analyzing their strengths and weaknesses by applying
analytical techniques, testing their applicability, supplementing
them with empirical findings, and then choosing the best
alternative.

GREGORIO G. SANCHEZ, JR.

- He went into research and performed
experiments using only pots and pans
and a small tank as his equipment.
- LactoPAFI Probiotic Bacteria
4. DEVELOPMENT OF MANAGEMENT SKILLS
The work of an entrepreneur involves the use of managerial skills
which he/she develops while planning, staffing, directing,
controlling and coordinating the activities of business.

SOCORRO RAMOS
- She become acquainted with writers,
book lovers and other personalities who
could provide her with information about
changing times.
- NATIONAL BOOK STORE
5. OVERCOMING RESISTANCE TO CHANGE
This is an reflection of his/her will power, enthusiasm and energy
which helps him/her in overcoming the society resistance to
change.

DIOSDADO BANATAO
- He saw the opportunity of setting-up his own
company by designing chip sets.
-His company’s determination paid off after they
successfully developed the first system logoc chip
set that lowered the cost of building personal
computers .
- CHIPS AND TECHNOLOGIES
6. CATALYST OF ECONOMIC DEVELOPMENT
An entrepreneur plays an important role in accelerating the
pace of economic development of a country by discovering new
uses of available resources and maximizing their utilization.

MARIANO QUE
- His goal of making safe medication
available and accessible to every Filipino
community.
- MERCURY DRUG
 TYPES OF
ENTREPRENEURS
 They are the business leaders and contributors to
the economic development of a country

1. INNOVATIVE ENTREPRENEURS

They imitate innovative entrepreneurs because the

environment in which they operate is such that it
does not permit them to have creative and
innovative ideas on their own.

2.IMITATING ENTREPRENEURS
 They do not initiate any inventions but follow
only after they are satisfied with its success rate.

3. FABIAN ENTREPRENEURS

They are those who lives on the labors of others.

They are die-hard conservatives even ready to
suffer the loss of business.

4. DRONE ENTREPRENEUR
 They are drive social innovation and transformation
in various fields including education, health, human
rights, workers right, environment and enterprise
development.
CECILIO PEDRO- developed multi-flavored
toothpaste

5. SOCIAL ENTREPRENEURS
 CAREER OPPORTUNITIES FOR
ENTREPRENEURSHIP GRADUATES
MID-LEVEL BUSINESS
MANAGEMENT CONSULTANT

The ground force does With the expertise of in

the work, and mid- field entrepreneurship.
He/She can be a very good
level management
source of advices to other
converts the idea into entrepreneur and would
execution. be businessman.
CAREER OPPORTUNITIES FOR
ENTREPRENEURSHIP GRADUATES
RESEARCH AND
SALES DEVELOPMENT

It is required know Training and education on

how to represent a understanding of business
concepts, procedures and
campany, manage
practices and
accounts, anf follow entrepreneurship
up on leads.
 CAREER OPPORTUNITIES FOR
ENTREPRENEURSHIP GRADUATES

NOT-FOR-PROFIT TEACHER
FUNDRAISER
They are qualified to teach the
Being able to raise funds core subjects in Senior High
requires understanding School and teach students the
the importance of entrepreneurial skills. They can
also teach math to business,
business and networking
hisotry to innovation and
relationship literature to persuasive
advertising.
 CAREER OPPORTUNITIES FOR
ENTREPRENEURSHIP GRADUATES
BUSINESS
RECRUITER
REPORTER
Covers operatios
-Can write articles
management, leadership
-Covering local business
and variety of others, and
beat
most likely have a keen -Understanding the field
sense of what type of and concepts of
person is needed to fill us business
a position.
SOME MYTHS ABOUT
ENTREPRENUERSHIP
1. ENTREPRENEURS, LIKE LEADERS, ARE
BORN, NOT MADE
2. ENTREPRENEURS ARE ACADEMIC AND
SOCIAL MISFITS
3. TO BE AN ENTREPRENEUR, ONE NEEDS
MONEY ONLY
4. TO BE AN ENTREPRENEUR, A GREAT IDEA IS
THE ONLY INGREDIENT
5. ONE WANTS TO BE AN ENTREPRENEUR AS
HAVING NO BOSS IS GREAT FUN
PERFORMANCE TASK # 3
DIRECTION: Research on the life of at least one of the successful
entrepreneurs cited in this chapter. Find out what made them succeed.
Find out how the entrepreneur, whom you selected to research on
performed the following:
- 6 functions of an entrepreneur
- Types of entrepreneur (what he/she types of entrepreneur.)

RUBRICS:
- CONTENTS -50%
- FOLLOWS TO DIRECTION- 20%
- CREATIVITY -20%
- CLEANLINESS -10%
100%

PS. Put your work in Long bond paper/ hand written or computerize
can be.
QUIZ #1
DIRECTION: Identify the entrepreneurs who founded the following
companies:

1. 2.
3.

4.
5.

6.
7.

8.
9.

10.
a. Mariano Que
b. Socorro Ramos
c. Sy Siblings
d. Manny Villar
e. Lucio Tan III
f. Tony Tan Caktiong
h. Gokongwei siblings
i. Manuel Pangilinan
j. Edgar “INJAP” SIA
k. Jose Teodoro K. Limcaoco