INTRODUCTION

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Theory Today, experts realize that there is not one single
theory that can explain economic growth.

In 1934, an economist named Joseph Schumpeter explained that economic

growth is started by people (whom he called entrepreneurs) who produce
goods not only for personal profit but also for the good of everyone around
them. he called entrepreneurs the backbone of the economy. Entrepreneurs,
according to him, are people who find joy in creating or producing goods,
who find self-fulfillment in getting things done; and who have strong need
for achievement. This entrepreneur-centered theory is widely used to answer
the need for socio-economic development.

Source: economist.com
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ENTREPRENEURSHIP ENTREPRENEURSHIP is the process of creating or
AS A CONCEPT
seizing an opportunity, and pursuing it regardless of the
resources currently controlled.

“At Harvard, we define entrepreneurship as the pursuit

of opportunities without regard for the
resources controlled.”

Source: Entrepreneurship Expert Howard Setevenson

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INTRODUCTION

TECHNOLOGY
ENTREPRENEURSHIP
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What type of
Entrepreneurship
are we talking about?

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 • To the hardest class you'll ever take
• The most unclear and uncertain material

Welcome!
• The most strategic thinking
• The tactically challenging
• The most fun you'll ever have

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A – Sari-sari store
B – Jollibee
C - Lazada
D – Roy Plaza
E – Coca-Cola
F – Globe/PLDT
G – UNO
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What type of
Entrepreneurship?

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Source: visualcapitalist.com
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Silicon Valley
California, USA

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Silicon Valley
California, USA

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“A startup
is an act
of
rebellion.”
- Ken Singer

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QUIZ: THE DISRUPTORS
“

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Why
Entrepreneurship
training?

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 CHOICES CHANGE OF
MINDSET
EN
R TR
EU EP
REN RE
P N
T RA EU
R
IN

Successful Alumni
Successful Alumni
innovating in the
innovating in New
Industry (or in
Ventures
R&D)

AWARENESS → THEORY → PRACTICE → MINDSET

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😭 MISCONCEPTION #1
“
IDEA BUSINESS VALIDATE RAISE FUNDS BUILD SELL/SALE
PEOPLE PLAN PRODUCTS

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BIG CONCEPT
Bring the attention of your audience over a key concept using icons or illustrations
“PASS
THAT
TEST”

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 STUDENT ENTREPRENEUR

RISK/REWARDS Can’t look dumb Must risk being wrong

CULTURE Culture of Perfection Culture of ‘good enough’

COLLABORATION Always know the answer Ask for help

Students tested individually Rewarded as a team
Everyone is a competitor Everyone is a resource
Zero Sum Accretive

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Why do we teach Create an environment of self learning:
Entrepreneurship?
• Students can learn only while trying to do it
• Instructor hosts the environment for students to interact directly
with the problem. Students make their own decisions and learn
inductively
• Behavior Training - through games & exercises
• Leverage real-world competition

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BUSINESS
MODEL
CANVAS

INSIGHTS - not data!

FUNDAMENTAL
PRINCIPLES
CULTURE