Business

Entrepreneurship
 Business-
 An economic system in which goods
and services are exchanged for one
another or money, on the basis of
their perceived worth.
 Every business requires some form of
investment and a sufficient number of
customers to whom its output can be
sold at profit on a consistent basis.
Business Enterprise
Is a business
organization; its owner
is called Entrepreneur
Business Enterprise
 Involved in the
production of goods or
rendering of services to
customers.
How to Start Up a
Business?
 Starting a business
needs a lot of guts, hard
work, and capital
( money, land, building,
or machinery)
Questions needed to prepare
yourself for the responsibility
and ensure a stable and
successful business:

1. What is your role

in the business?
Questions needed to prepare
yourself for the responsibility
and ensure a stable and
successful business:

2. How much capital

do you have?
Questions needed to prepare
yourself for the responsibility
and ensure a stable and
successful business:

3. Where do you
intend to put up your
business?
Questions needed to prepare
yourself for the responsibility
and ensure a stable and
successful business:

4. What kind of
product/services?
Questions needed to prepare
yourself for the responsibility
and ensure a stable and
successful business:

5. Who are your

intended customer?
Entrepreneur
 Is responsible for the
management of his
business and assumes all
the risks accompanying it.
Entrepreneurship
 is more than simply “starting a
business.”  The definition of
entrepreneurship is a process
through which individuals
identify opportunities, allocate
resources, and create value.  This
creation of value is often through
the identification of unmet needs
or through the identification of
opportunities for change.
 Entrepreneurship
 Entrepreneurs see “problems”
as “opportunities,” then take
action to identify the solutions
to those problems and the
customers who will pay to have
those problems solved.
 Entrepreneurial success
is simply a function of the
ability of an entrepreneur
to see these opportunities
in the marketplace, initiate
change (or take advantage
of change) and create
value through solutions.
Manager
 are building blocks of the
organization.
 A manager performs five basic
functions – Planning, organizing,
staffing, directing and controlling. At
all the levels of management we
have managers working there and
performing one or more of these
managerial functions.
Manager
 A manager’s main role is to achieve effective
utilization of resources in an organization.
He achieves so through coordinated human
efforts.
 A manager has a very important role to play
in achieving organizational objectives.
 He is responsible for aligning the
individual’s objectives with the
organizational objectives. This is very
essential for achieving long-term
organizational success.
Manager
 He is responsible for aligning
the individual’s objectives with
the organizational objectives.
This is very essential for
achieving long-term
organizational success.
 Manager
 A manager has crucial role to play in
decision making process in an
organization.
 He has to decide how to bring and
communicate organizational changes.
 He plays a major role in setting
organizational goals.
 He has to be in close contact with the
employees of the organization.
 He should understand them and
motivate them.
 Manager
 He should understand them and
motivate them.
 He should encourage them so that
they can perform effectively.
 He should praise them when they
show brilliant performance and on
bad performance, he should give
them constructive feedback rather
than negative feedback.
 He should provide them online
support and coaching.
Manager
 A manager should resolve conflicts
A manager should resolve conflicts
among the employees and try to reach at
an acceptable solution. This would
improve employees work quality as well
as performance.
 He should understand that organizational
success depends on employees. Thus
the more satisfied and happy the
employees are the more success the
organization will show.
 A manager must be committed to his
work so as to set an example for his
subordinates.
Seatwork:
 Write an Essay About how
Engaging in business can help in
our country’s economic
development.

Entitled: My Business and My

Country’s Development
 Assignment:
 Cut picture of successful Two
(2) successful Filipino
Businessmen and (2) Famous
Foreign Businessmen and
summarize their success story
in business. Write or print this
in a bond paper.