The Practice of En-

trepreneurship
Bb. Anacel F. Boral
Topics:

1. Entrepreneurship Views
2. The Start of Entrepreneurship in the Philip-
pines
3. The Skills Important in Entrepreneurship
What comes in to your mind
when you hear the word En-
trepreneurship?
Entrepreneurship

- is a life skill that readies a person to manage vague

and undefined future particularly in the business
environment.
- is composed of collective mindsets and skillsets that
can empower an individual to create and act on op-
portunities of any kind himself.
Entrepreneurship Views
2 Ways of Thinking about Entrepreneurship
PREDICTIVE APPROACH - considers entrepreneurship
as a linear process where there are steps to do and results
are usually predictable.
CREATION APPROACH - sees entrepreneurship as a
mindset and a method that needs practice and used only
when the future is unpredictable and not certain.
The Start of Entrepreneurship in the Philip-
pines
• Philippines is a developing country and always
chanllegnhd by high poverty rate compared against
countries in Asia.
• 6% growing average of economic growth skill poverty
prevalence is beyond 20% of total population.
• Entrepreneurship has become the solution to poverty
through job formation, wealth creation and social
empowerment.
• The 1987 Philippine Constitution identified
entrepreneurship as an instrument of econic growth.
• Article XII section 1
• The government's objective of economic development and
job formation has been placed in the supervision of the
Philippine Development Plan (PDP) which strengthens the
trust in the Entrepreneurship by the way of trade and
investment.
• Over the ueard, the evolution of the Entrepreneurship has
been influenced by fast integration of economics and
globalization of markets.
• Today, entrepreneurship lessons are embedded into the
school curriculum to cultivate a culture of enterprises and
nurtured competitive entrepreneur.
• The country has now regarded entrepreneurship as a way
of thinking and not just an economic term.
The Skills Important in Entrepreneurship
• The Skill of Play - an entrepreneur with the skill of play
usually allow his imagination to explore, exposes his mind
to treasure of opportunities and potential and is very
innovative.
• The Skill of Experimentation - the skill of
expirementation calls for entrepreneurs to act as to learn.
Acting to learn means attempting to do something,
learning when the next thing similar things happens.
• The Skill of Empathy - the skill of empathy means being
symñathetic with the feeling, situation, purposes, opinions
and wants of other people. Empathy is putting one's shoes
in the shoes of other. Simply, it is relating to the feelings of
thee when place in a similar circumstance.
• The Skill of Creativity - the skills of creativity means
open-minded and letting loose one's ability to create
discover opportunities and resolve problems .
• The Skill of Reflection - Reflection organized all the four
skills
Several ways to do reflection, namely:
1. Narrative - desrcibinh what happens in terms of what
took place, what was said and the people involved .
2. Emotional - centers on the feelings and the management
of these feelings during a certain situation.
3. Perceptive - it's focused in one's insight and feedback ad
well as the others in addition to how various views, needs
or knclunatio s affected the experience.
4. Analytical - it is rationalyzing about skills and under-
standing obtained from an experience and relating what
has been learned to anything heard about before.
5. Evaluation - concerns in what went well as well as what
went bad in whether the experience was useful or not.
6. Critical - this is considering the role played in a situa-
tion, the Plriach applied what could still might be done, the
lessons from the experience, queries in the mind and antic-
ipation of the possible result.
THANK YOU