WELCOME TO

ENTREPRENEURSHIP
J.M. Tiongson BSED4- Science
Let's play: See my name!

Answer: FACEBOOK
Answer: MONEY
Answer: MARKET
Answer: BUSINESS
Answer: INTRODUCTION
Answer: ENTREPRENURSHIP
 INTRODUCTION TO
ENTREPRENEURSHIP
Lesson Objectives:
 define entrepreneurship and its types,
 differentiate an entrepreneur from a
businessman, and
 discuss the relevance of
entrepreneurship as 21st century
learners
??? ???

ENTREPRENEURSHIP

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MARK ZUCKERBERG
BILL GATES
 ENTREPRENEURSHIP
Entrepreneurship runs an original, startup,
and innovative business product/idea with
the purpose of changing the world
The word “entrepreneur” was derived
from the French verb "enterprendre",
which means “to undertake.”
 ENTREPRENEURSHIP
Joseph Schumpeter also described
entrepreneurs as individuals who have
generated substantial value and profits
from innovations in a very short period
of time.
Types of
ENTREPRENEURSHIP
according to Joseph Schumpeter

MICROENTREPRENEUR MEGAENTREPRENEUR
MICROENTREPRENEUR VS MEGAENTREPRENEUR
- operates only - operates in a larger
locally scale
(national/international)
- usually operates in
small business due -contribute much to
to inadequate skills the economic
and funds progress
MICROENTREPRENEUR VS MEGAENTREPRENEUR
- willing to take
- avoids risks
risks
- losses would
- losses are
mean
secured by
bankcruptcy
wealth
ENTREPRENEUR VS BUSINESSMAN
A businessman establishes
a business with an old
business idea.

Entrepreneur has exclusive

ideas to establish a new
venture.
ENTREPRENEUR VS BUSINESSMAN

change gain
the world profit
ENTREPRENEUR VS BUSINESSMAN
PARTICULARS ENTREPRENEUR BUSINESSMAN

Market Creates market for makes a place in an

his/her business idea already existing market

Market Position market players

Market leader

uses conventional uses traditional methods

Methods of Operation methods
Recap:
Read the statements carefuly.
Answer TRUE
TRUE if the statement
is correct and FALSE
FALSE if you
think the statement is incorrect.
1. Entrepreneurs are risk takers.

TRUE
2. The word “entrepreneur” was
derived from the French
verb "enterprendre", which means
“to overtake.”
FALSE
3. Microentrepreneurs tend to
contribute more to the economic
progress of developed countries.
FALSE
4. Entrepreneurs are market players,
while businessmen are market
leaders.
FALSE
5. Megaentrepreneurs are subject to
massive loss considering their
scales of operations
FALSE
6. Entrepreneurs uses traditional
methods of operations considering
the novelty of their business ideas.
FALSE
Question to ponder:

As 21st century learners, how is the

concept of entrepreneurship
relevant to you?
Mark Zuckerberg launched "TheFacebook" in 2004 from his Harvard
University dorm room. Initially created as a platform for Harvard
students, it quickly expanded to other universities and eventually
became available to the public.
Zuckerberg's vision and relentless focus on connecting people
digitally led to Facebook's exponential growth. The platform
revolutionized social networking, offering users a unique space to
connect, share content, and communicate globally.

Question: What makes Mark Zuckerberg, as an

entrepreneur, different from other successful individual?
What do you think would have happened if Mark did not
invent Facebook?
Evaluation: (1/2 crosswise)
Essay (10 points each)
1. In your own words, def ine entrepreneurship and
its types according to Schumpeter.
2 . H o w d o e s a n e n tr e p r e n e u r d i f fe r f r o m a
busniessman? Provide examples.
3. As a 21st Century student, what is the relevance
of entrepreneurship to you? Elaborate.
THANKYOU FOR
LISTENING!