LESSON 3: Entrepreneurs

Behavior and Personality

Desired Learning Outcomes:

1. Identify the role of the entrepreneur in the business.

2. Classify the entrepreneurial qualities
3. Appraise the different entrepreneurial career
THEORIES OF ENTREPRENEURIAL
BEHAVIOR
Three dominant perspectives:

 Functional
 Personality
 Behavior

Entrepreneurship Process
is a course of action that involves all functions, activities and actions
associated with identifying and evaluating perceived opportunities and
the bringing together of resources necessary for the successful
formation of a new firm to pursue and seize the said opportunities
ENTREPRENEURIAL PROCESS

STAGE
1 INNOVATION
STAGE
2 TRIGGERING EVENT
STAGE
3 IMPLEMENTATION
STAGE
4
GROWTH
THE SOCIAL DIMENSION OF THE NEW VENTURE CREATION PROCESS

MOTIVATION
& IDEA & MARKET
DETERMINATION
BASIC
SUCCESS
COMPONENTS

RESOURCES ABILITY

GIBB & RITCHIE

Entrepreneurial Traits
 You’re motivated by fear
 You’re curious
 You have vision
 You are flexible
 You’re disciplined
 You’re passionate