ENTREPRENEURSHI

P
PROFESSOR: ANGELA BUENVIAJE
ENTREPRENEURSHIP
is the process of identifying, creating, and pursuing
opportunities to develop and manage a business or venture
with the goal of achieving profit and growth. Entrepreneurs
are individuals who take on the risks and responsibilities
associated with starting and running a business
CONCEPT OF ENTREPRENEURSHIP
1.Innovation: Entrepreneurs often introduce new products,
services, or business models that bring about positive change
and meet the needs of customers.
2.Risk-taking: Entrepreneurship involves taking calculated
risks, as entrepreneurs invest their time, effort, and often
their own money into their ventures, with the possibility of
both success and failure.
CONCEPT OF ENTREPRENEURSHIP
1.Vision: Entrepreneurs have a clear vision of their goals and
the path to achieve them. They are driven by their passion
and dedication to see their ideas come to fruition.
2.Creativity: Entrepreneurs need to think creatively to solve
problems, identify opportunities, and differentiate their
businesses from competitors.
CONCEPT OF ENTREPRENEURSHIP
1.Resource Management: Entrepreneurs must efficiently
manage resources such as capital, time, and human
resources to optimize their business operations.
2.Adaptability: The business environment is constantly
changing, and successful entrepreneurs are adaptable,
adjusting their strategies to respond to market shifts and
customer preferences.
STYLES OF ENTREPRENEURSHIP
1.Small Business Entrepreneurship: This style focuses on
starting and running small-scale businesses that cater to
local markets. The goal is often to provide a steady income
and maintain a stable business.
2.Scalable Startup Entrepreneurship: These entrepreneurs
aim to build high-growth ventures with the potential to scale
rapidly and achieve significant market share.
STYLES OF ENTREPRENEURSHIP
1.Social Entrepreneurship: Social entrepreneurs create businesses
with a primary goal of addressing social or environmental issues.
Profit is often reinvested into the mission of creating positive impact.
2.Innovative Entrepreneurship: This style emphasizes creating
groundbreaking products or services that disrupt industries and
change the way business is done.
3.Imitative Entrepreneurship: Imitative entrepreneurs replicate
existing business models, often with a focus on operational efficiency
and incremental improvements.
TYPES OF ENTREPRENEURSHIP
1.By Motivation:
1. Opportunity Entrepreneurship: Driven by identifying and exploiting market
opportunities.
2. Necessity Entrepreneurship: Arises from a lack of alternatives for employment
and income.
2.By Industry:
1. Technology Entrepreneurship: Involves businesses centered around technology
and innovation.
2. Retail Entrepreneurship: Involves businesses related to selling products directly
to consumers.
3. Service Entrepreneurship: Focuses on providing various services to customers.
TYPES OF ENTREPRENEURSHIP
1.By Impact:
1. Commercial Entrepreneurship: Primarily focuses on profit generation.
2. Social Entrepreneurship: Focuses on addressing social or environmental issues.
3. Cultural Entrepreneurship: Involves activities that promote cultural or artistic
endeavors.
2.By Funding Source:
1. Bootstrapped Entrepreneurship: Entrepreneurs fund the venture with their own
savings and resources.
2. Venture Capital-backed Entrepreneurship: Entrepreneurs secure funding from
venture capitalists in exchange for equity.