TECHNOPRENEURSHIP

Professor SONNY BOY C. MORALES

 Competencies in
Entrepreneurship
and Job
opportunities for
Entrepreneurship as
a career
DIRECTIONS: To check your prior knowledge about the topic, please list down at least five (5)
competencies in entrepreneurship and five (5) job opportunities for Entrepreneurship as a career.
Write your answer in the space provided.

Competencies in Entrepreneurship Job opportunities for Entrepreneurship as a

career
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2 2

3 3

4 4

5 5
LOOKING BACK TO YOUR LESSON
As you go further, let us try to recall about the concept of
Entrepreneurship. Entrepreneurship is a catchword in this era of
globalized economy. It is a foundation and catalyst for economic
growth and innovation across nations (Edralin, D. M., 2016).
Common Elements of Entrepreneurship (Edralin, D. M., 2016):
 Innovation
 Opportunity seeking and exploitation
 Resource mobilizing
 Encountering risks and uncertainties
 Economic and personal rewards
 Roles of Entrepreneurship and Entrepreneurs in Economic
Development and Society (Edralin, D. M., 2016):
 Creates employment
 Develops new markets
 Introduces innovation
 Generates new sources of materials
 Stimulates investment interest in the new business ventures being created
 Improves the quality of life
 Serves as role models
 Brings social benefits to the people
 Utilizes and mobilizes indigenous resources
 Provides more alternatives for consumers
 Entrepreneurs are found everywhere around the globe
and they are a distinct group of business people who
contribute to the development of the society. They are
the founder and creator of the enterprise who make use of
the opportunities that abound to start or grow business,
knowing that there are risks involved in such undertaking
(Edralin, D. M., 2016).
 Competencies in
Entrepreneurship and
Job opportunities for
Entrepreneurship as a
career
Are entrepreneurs born
or made?
BRIEF INTRODUCTION
Are entrepreneurs born or made?
This question has long been debated with little agreement.
However, as cited by Longenecker, J.G., et.al. (2016), Stephen
Spinelli and Robert Adams described entrepreneurs as having and
exhibiting “desirable and acquirable attitudes and behaviors” such as
commitment and determination, leadership, opportunity obsession,
risk-takers, motivation to excel, creativity, self-reliance, and
adaptability. According to (www.ideasforleaders.com), competencies
such as risk seeking, assertiveness and vision are considered typical of
a successful entrepreneur. But these are innate predispositions or
aspects of temperament; by using them as yardstick, it is wrongly
concluded that only certain types of people make good entrepreneurs
or are capable of worthwhile innovations.
Is there such a thing as a ‘natural-born
entrepreneur’?
Accordingly there is not. Specific techniques and
habits must be practiced and developed by all would-be
entrepreneurs. Aside from business competencies,
entrepreneurs need interpersonal and self-leadership
skills too; however, these are often overlooked.
Entrepreneurial behavior‟ can be learned and developed
(www.ideasforleaders.com). The question is not who
entrepreneurs are, but what they do, and more
important than business skills can be other competencies
that provide a foundation for those business skills
(www.ideasforleaders.com).
 Furthermore, according to www.ideasforleaders.com, there
are three levels of competencies, which all entrepreneurs need:
1. Personal competencies – These are your abilities to ground
yourself so that you are secure and self-assured in whatever
situation you may find yourself (www.free-management-
ebooks.com).
Ex. creativity, determination, integrity, self-criticism.

2. Interpersonal competencies – These are your ability to lead,

influence, communicate, supervise, negotiate, and control
people at all levels. It is the ability to get along with people and
motivate people to perform jobs. Entrepreneurs must effectively
manage people (baseread.com).
Ex. communication, engagement, delegation
3. Business competencies – These are set of particular
abilities and knowledge that sets a company apart from its
competitors (yourbusiness.azcentral.com). It also refers to
the key characteristics that successful entrepreneurs should
have in order to be successful (www.mustangbols.com). Ex.
business vision, financial management, networking
 Core vs. Common Competencies in
Entrepreneurship
Competencies in entrepreneurship play a leading role in making
entrepreneurs successful (baseread.com).
Entrepreneurial competencies facilitate opportunity recognition,
help adapt rapidly to changes, enhances business performance,
strengthen the firm's competitive position and stir the achievement of
organizational success. It is the sum total of the personality, skills and
knowledge that the entrepreneur possesses, which are necessary to
effectively perform their functions and responsibilities (Edralin, D. M.,
2016).
 Competence is an underlying personal characteristic
which leads to superior performance. It is a
combination of knowledge, skills, attitudes, and
motives (baseread.com).
 Core competence is the foundation for sharpening
a company's competitive edge and it guides brand
reputation, business growth, and marketing strategy
(www.thebalancesmb.com).
 Common competence is one that describes the
knowledge, skills and abilities found in most or all
position.(www.ifpm.nifc.gov).
Examples of Core and Common
Competencies in Entrepreneurship
Core Competencies
1. Organizing and Planning
2. Cash flow management
3. Personnel management
4. Operations and distribution
5. Customer Relations
6. Bookkeeping/Accounting
7. Promotions and Advertising
8. Resources Management
9. Financial Management
10. Information Management
Common Competencies
1. Analytical and critical thinking
2. Decision making
3. Leadership
4. Communication
5. Computer Literacy
6. Human Relations
7. Managing Change
8. Creative Thinking
9. Time Management
10. Conflict Management
Job Opportunities for
Entrepreneurship as a Career
If you're an aspiring entrepreneur, there are different career
paths you can take to turn your dream into a reality. Which
path you choose will depend on your experience, skills,
finances, and flexibility, as well as your goals for the future
(Doyle, A., 2020).
Career opportunities you might pursue according to
Michalowicz (2011) as cited by Edralin, D. M., 2016):
Entrepreneurship Career
Opportunities for the Academic Field
 Business Consultant
 Sales
 Research and development
 Not-for-profit fundraiser
 Teacher
 Talent recruiter
 Business reporter
 New venture creation
 Career in existing entrepreneurial
Entrepreneurship Career
Opportunities for the Other Field
Fine Arts
 Artist  Graphic designer
 Photographer
 Art gallery manger
 Film director
Fashion Designing
 Designer wear production  Fashion
marketing, planning and concept
management  Fashion media design
management  Fashion accessory
design, quality control, and promotion
brands  Costume designer  Fashion
consultant and personal stylist 
Technical designer and graphic
designer  Fashion coordinator
Entrepreneurship Career
Opportunities for the Business Field
Sports
 Health club manager
 Strength, wellness or conditioning
coach
 Fitness program or event planning
manager
 Professional or amateur team
manager
 Sports facility manger
 Corporate fitness director
 Rehabilitation center director
 Nutrition center manager
Entrepreneurship Career
Opportunities for the Business
Industry
Other TECHVOC Track
 Cook/Chef
 Automotive mechanic
 Electrician
 Technical support specialist
 Tool keeper and technician
 Network support Associate
 Mechanical technologist
Note: Most would-be entrepreneurs, however, remain self-
employed, preferring to be the boss.
Reasons why many would like to become an entrepreneur
(www.scu.edu):
1. Achievement, Challenge, & Learning
2. Independence & Autonomy – you can set your own goals, pick
their own partners, and face the consequences of your
decisions.
3. Income Security and Financial Success
4. Recognition and Status
5. Family
6. Dissatisfaction with Current Work Arrangements
7. Community and Social Motivation
REFLECTIVE LEARNING
Entrepreneurship education aids students from all
socioeconomic backgrounds to think outside the box and
nurture unconventional talents and skills. Hence, you need
to think about and reflect on the following questions (
www.excite.com/education/business/entrepreneurship/care
ers
):
 How long does it take to start a career in
entrepreneurship?
The amount of time it takes to make it as an entrepreneur
depends on the field you choose to venture into. Since
entrepreneurs can exist in any sector of the economy, there
is a vast and almost never-ending list of paths to choose
from. Therefore, you cannot define a single time-frame for
 What are the requirements for a career in entrepreneurship?
The first thing you need to do is find the right business idea and get
education according to it. You will then need to make a business plan and
define your target market. Once you have established these, you should start
networking and selling your idea into your targeted market.

 How much can I make with a career in entrepreneurship?

The salary figures for entrepreneurs vary according to the field they
venture into and how well their idea sells in the market. If your idea is unique
and useful, you might end up making a lot of money.

 What skills do I need for entrepreneurship career?

To become a successful entrepreneur, you must demonstrate good skills
and should be educated in the field. Some skills that can turn out to be useful
are: communication skills, leadership skills, analysis skills, decision making
skills, problem solving skills, critical thinking skills, and management skills.