NAGA COLLEGE FOUNDATION, INC.

ENTREPRENEURSHIP

INSTRUCTOR: MR. PRINCE MARVEN I. EBORA

LEARNING OBJECTIVES
To be able to define
entrepreneurship in ones’ own
perspective

To view entrepreneurship as
career opportunity for the
students

To discuss the importance of

entrepreneurship in nation
building and economy
ENTREPRENEURSHIP
THE TARGETS OF THE
K-12 PROGRAM ARE
AS FOLLOW:
TO PROVIDE JOB OPPORTUNITIES
ONCE THE STUDENTS GRADUATED
FROM THE PROGRAM

TO PREPARE THE STUDENT FOR HIGHER

EDUCATION (COLLEGE OR TECHNICAL)

TO PROVIDE ALTERNATIVE LIVELIHOOD

VIA ENTREPRENEURIAL ACTIVITIES.
DO YOU WANT TO BE THE BOSS
OF YOUR OWN BUSINESS?
DEFINING
ENTREPRENEURSHIP
FROM THE FRENCH WORD
“ENTREPRENDRE” WHICH MEANS “TO
UNDERTAKE”

“The entrepreneur changes

economic resources out of an area
of lower into an area of higher
productivity and greater yield”
JEAN-BAPTISTE SAY
ENTREPRENEURSHIP
 “THE THEORY OF
ECONOMIC
DEVELOPMENT”
Emphasized the role of
entrepreneur in the process of
economic transformation. Through
their business ventures,
entrepreneurs introduce to the
market, innovations in the form of
new products, new processes, new
JOSEPH SCHUMPETER
markets, and new organizations.
 HOW CAN YOU RELATE JEAN-
BAPTISTE SAY'S TAKE ABOUT
ENTREPRENEURS WITH JOSEPH
SCHUMPETER'S WORK,"THE
THEORY OF ECONOMIC
DEVELOPMENT"?
 IN THE PHILIPPINES,
ENTREPRENEURSHIP IS VIEWED
AS IMPORTANT TO
EMPOWERING THE POOR,
ENHANCING PRODUCTION,
AND AS AN IMPETUS TO
INNOVATION.
 A CREATIVE PERSON
WHO INTRODUCES TRADITIONAL
NEW IDEAS TO RUN
OPPORTUNITY ORIENTED
REVOLUTIONARY
HIGH RISK LOW RISK
RESOURCE ORIENTED
MARKET PLAYER
PROFIT A PERSON WHO FOLLOWS THE
ORIENTED ALREADY EXISTING IDEAS

CUSTOMER ORIENTED
INNOVATIVE
MARKET LEADER
TWO TYPES OF
ENTREPRENEURS
MEGA ENTREPRENEURS
INDIVIDUALS WHO HAVE
GENERATED SUBSTANTIAL VALUE
AND PROFITS FROM INNOVATIONS
IN A VERY SHORT PERIOD OF TIME.
THESE ARE INDIVIDUALS WHO ARE
WILLING TO ABSORB HUGE RISKS
OF USING ENORMOUS AMOUNTS OF
CAPITAL IN THEIR BUSINESS
VENTURES.

ENTREPPRENEURSHIP
MICRO
ENTREPRENEURS
This entrepreneur can be found in
developing countries. Although they initiate
business enterprises, the ‘value-added’ and
profits they make are limited.
Some introduce innovations in the form of
changes in their production and
distribution process, but their contributions
are minimal and attract few competitors
and imitators.
THE
ENTREPRENEURIAL
PROCESS
Entrepreneurship
1. DISCOVERY/SPOTTING OF
OPPORTUNITIES

Refers to the recognition of a business

idea or the detection of opportunities
that could make money for the
entrepreneur.
2. DEVELOPMENT OF BUSINESS
IDEAS/CONCEPT
Gives more details on how the general business idea can
be realized.
3.RESOURCING/ORGANIZING
RESOURCES

Describes the process of

identifying, sourcing, and financing
human, nonhuman, and other
resources needed for the conduct
of a business.
4. IMPLEMENTATION
The process of carrying out the business plan.
It covers a number of activities, including the management of
human, physical, technological, and financial resources of the
business.
5. REAPING THE RETURNS

Pertains to strategies related to

the expansion of the business
firm. It also covers mechanisms
for addressing conditions in the
business environment that may
affect the future of the firm.