1

CONCEPT OF
ENTREPRENEURSHIP
 2

ALBERT
SHAPERO
SHAPERO'S ENTREPRENEURIAL EVENT
(SHAPERO AND SHOKOL 1982)
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MARK
CASSON
 MARK CASSON
Mark Casson is a prominent
economist known for his work
on international business and
entrepreneurship.
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ENTREPRENEURSHIP

"Entrepreneurship is a process involving the discovery,

evaluation, and exploitation of opportunities to
introduce new goods and services, ways of organizing,
markets, processes, and raw materials through
organizing efforts that previously had not existed."
 7

ROBERT
RONSTADT
 ROBERT
RONSTADT
an academic and researcher, is
known for his contributions to
the field of entrepreneurship,
particularly in corporate
entrepreneurship
9
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ENTREPRENEURSHIP

In "The Corridor Principle" and his related research,

Ronstadt emphasizes the idea that entrepreneurship
within established organizations can be thought of
as a journey through a corridor with various stages
and transitions.
 11

PETER
DRUCKER
 PETER DRUCKER
A renowned management
consultant, educator, and author,
provided several insights and
definitions related to
entrepreneurship in his writings
 "An entrepreneur searches for
change, responds to it, and exploits
opportunities. Innovation is a
specific tool of an entrepreneur;
hence an effective entrepreneur
converts a source into a resource."
 14

WILLIAM
GARTNER
 PETER DRUCKER
A prominent scholar in the field
of entrepreneurship,
particularly known for his work
on the psychology and
behavior of entrepreneurs.
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ENTREPRENEURSHIP

Entrepreneurship is the
creation of organizations.
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COMMON ELEMENTS OF
ENTREPRENEURSHIP
DEFINITION
 COMMON ELEMENTS OF
ENTREPRENEURSHIP
DEFINITION

1.Innovation
2.Opportunity seeking and exploitation
3.Resource mobilizing
4.Encountering risks and uncertainties
5.Economic and personal rewards
 20

FACES OF
ENTREPRENEURSHIP IN
DIFFERENT COUNTRIES
 UNITED STATES
noted to be one of the friendliest countries
for entrepreneurs in the world, the United
States is home to thousands of successful
entrepreneurs as shown by companies like
Apple, Google, Microsoft, Starbucks, Toy
R Us, Walmart, and Walt Disney.
 CHINA
this emerging country is home to budding
entrepreneurs who manufacture different
products that range from toys, gadgets,
electronics, and cars. Most of the new businesses
in this country are homegrown because of a new
breed of entrepreneurs who realize the potential
in their country. However, a lot of products in
China have generic brand names though. Some
firms are Lenovo, and Alibaba Grp.
 SINGAPORE
this is literally a small country that
controls a significant portion of the
economy in Asia. Many of their
entrepreneurs innovate on existing services
for local and international use.
 CANADA
entrepreneurs in Canada are exploring
opportunities over the internet. For
example, people from a region called
Sanikiluag are known for their wood
carving skills and entrepreneurs are selling
their products online.
 INDIA
Entrepreneurship plays a dominant role in the
country's economic landscape, with the government
providing a venue, called the Delhi Huts, to start-up
entrepreneurs which promote local handicrafts. The
Cottage Industries compound is another venue put up
by the Indian government for the development of
local products manufactured and retailed by start-up
entrepreneurs. In fact, India is one of the countries in
the Asia-Pacifc rim with a strong base of entrepreneur
organizations led by the youth and women.
 TAIWAN
Entrepreneurship is encouraged here through the
small and medium enterprise incubation centers for
the purpose of nurturing young firms, new products
and technologies. These incubators provide space,
facilities, hands-on management assistance, and
access to technologies and financing to clients,
helping them to survive and grow during the start-up
period. There are hundreds of incubators that have
been sponsored by the Taiwan SME Development
Fund.