RELEVANCE OF

ENTREPRENEURSHIP

 OPPORTUNITY SEEKING
 SCREENING
 SEIZING
OPPORTUNITY SEEKING

Who are the

entrepreneurs?
Entrepreneurs are:
 Innovative opportunity seekers.
 Have an endless curiosity to
discover new or different ideas
and see whether these ideas will
work in the market place
 Create value by introducing new
products or services or finding
better ways of making them.
 They innovate products in terms of
new design or addition of new product
feature for existing ones.
 They may also tinker on improving
their operational capability by
employing new technologies that will
bring them greater efficiency, better
economies and even enable them to
reach unparalleled superiority.
 They create new markets or
maximizing existing market reach.
At the highest level
entrepreneurs may totally
change the prevailing business
paradigm by rendering it
obsolete through the
introduction of disruptive
technologies, processes and
systems.
• Essential FACTORS in
entrepreneur’s opportunity
seeking
entrepreneurial mind
frame,
heart flame and
gut game
Entrepreneurial mind frame
 Allows the entrepreneur to see things
in a very positive and optimistic light
in the midst of crisis or difficult
situations.

 Instead of being discourage, the

entrepreneur used these problematic
situations as inspiration in creating
something innovative.
Chinese writing crisis
is composed of two
characters.
Danger
Opportunity
Heart flame
 According to Eduardo A. Morato the
commonality between an inventor and
an entrepreneur is surging passion or
the entrepreneurial heart flame.
 Driven by passion, they are drawn to
find fulfillment in the act of process of
discovery.
What is Passion?
 Is the great desire to attain a vision or
fulfill a mission.
 It is about of wanting something so
much that a person would be willing to
totally devote one’s self to the quest.
Despite of several setbacks
and disappointments, the
entrepreneur is not easily
disheartened, but rather
driven to persevere even
more.
 Heart flame is also about emotional
intelligence or EQ, which often
manifested in the entrepreneur’s effort to
nurture relationships with customers ,
employees and suppliers.
 The entrepreneur also looks after the
interests of his/her people by motivating
and encouraging them to be the best
they can become.
ENTREPRENEURIAL GUT GAME
 This refer to the ability of the
entrepreneur to sense without using the
five senses.
 This is also known as INTUITION.
 The entrepreneur just know whether
something will work or not without
necessitating logical systematic and
sequential thinking.
 The gut game also connotes courage or
in the local dialect “ lakas ng Loob”
(strong intestinal fortitude)
 it is simply self confidence in one’s self
and the firm belief that everything is
within reach so long as you aspire for it.