MOTIVATIONAL

ACTIVITY:
BE UNIQUE!!!
Relevance of the subject
ENTREPRENEURSHIP
 What is the
difference
between
entrepreneur and
entrepreneurship?
 ENTREPRENEUR

The word “entrepreneur” was

derived from the French verb
enterprendre, which means “to
undertake”.

Entrepreneurs are innovators,

willing to take risks and
generate new ideas to make it
unique and profitable solutions
to the present-day problems.
 ENTREPRENEUR

By dissecting the word, we

will get the following:

Entre - Enter
Pre - Before
Neur - Nerve Centre
E NTR E PR E N E U R S H I P

It is a process through which an

entrepreneur seeks innovation and
employment.

Entrepreneurship can be defined as a

field of business that seeks to
understand how opportunities to create
something new (ex. new products or
services, new markets, new ways of
organizing existing technologies) arise
and are discovered or created by
specific persons, who the use various
means to exploit or develop them, thus
producing a wide range of effects
(Baron, Shane, & Reuber, 2008, p.4)
ENTREPRENEURSHIP

It is a process of doing something

new and something different for the
purpose of creating wealth for the
individual and adding value to
society (Kao, 1993, p.70)

It is the ability to create, manage

and operate a new business and
bears all its risks with a view to earn
profits.
 NEW DEFINITION INVOLVES FOUR ASPECTS

 Entrepreneurship can
1. The creation process also be described as a
2. Devotion of time and creative and
efforts innovative response
3. Assumption of risks to the environment
4. Rewards of  Please note that the
independence, key word in
satisfaction, money. Entrepreneurship is
RISK.
WHAT IS AN ENTERPRISE?
E N T E R P R I S E

It is where Entrepreneurial activity is

going on like company, industry,
firm, organization, office, agency,
franchise, shops and etc.

It supports the recognition of new

market opportunities as well as
develops the opportunity to change
and develop at the individual,
business and industry/sector levels.
 This is pinpointing to
those who “undertake”
the risk of enterprise.
The enterprise is
created by an
entrepreneur and the
process is called
“Entrepreneurship”
TYPES OF ENTREPRENEURS
INNOVATIVE
ENTREPRENEURS
Are considered to be those
entrepreneurs that manage to
transform innovative ideas into
high-demand, marketable products,
services or technologies and
therefore, innovations play a
specific role for them as an
instrument in earning innovative
incomes.
TYPES OF ENTREPRENEURS

IMITATIVE
ENTREPRENEURS
Is also known as adoptive
entrepreneur. They adopt
successful innovation
introduced by other
innovators.
 TYPES OF ENTREPRENEURS

FABIAN ENTREPRENEURS
These are entrepreneurs that are
very careful in their approaches
A notable example of Fabian
entrepreneurship is Kodak Company, which and cautious in adopting any
doesn’t need any sort of introduction. They
were once a top brand for manufacturing changes. They are not prone to
analog cameras. However, they didn’t adopt
modern technologies nor make any notable
sudden decisions and try to shy
modifications to their products. The
company was too late to introduce digital
away from any innovations or
cameras as other brands used this change that doesn’t fit their
opportunity. Many other companies with a
similar approach, including Panasonic, lost narrative.
their position due to this form of
entrepreneurship.
 TYPES OF ENTREPRENEURS
DRONE ENTREPRENEURS
These are entrepreneurs who do not like a
change. They are considered as ‘old
school’. They want to do business in their
own traditional methods of production and
systems. Such people attach pride and
tradition to even outdated methods of doing
business.
 TYPES OF ENTREPRENEURS
SOCIAL
ENTREPRENEURS
They are those who
Bayani Brew
initiate changes in the
Bayani Brew
Gawad Kalinga’s social
supports various fields such as
programs. A part of its profit education, health, human
goes to providing housing
and livelihood programs for rights, environment and
farmers in different rural
areas of the country. enterprise development.
 DIFFERENT TYPES OF SOCIAL ENTREPRENEURS
1. Non-profit Social Entrepreneur
A non-profit social entrepreneur is a tax-exempt group or individual that invests funds in a chosen
charity or developmental program. Non-profit social entrepreneurs strive to maintain and use their
money to sustain their advocacy.
2. Transformational Social Entrepreneur
Entrepreneurs who take the path of transformational social entrepreneurship establish businesses to
meet the needs of citizens on a national level. They work on the country’s issues that are usually not
addressed by the government or other sectors. As they thrive on helping people, they sometimes
partner with government agencies to find the best ways to implement programs to solve the nation’s
problems.
3. Community Social Entrepreneur
This type of social entrepreneur heads organizations that work closely with locals. They operate as a
cooperative that assists members of the community. They do this by creating job opportunities,
putting up grocery stores, and offering financial solutions through low-interest loans. Unlike
transformational social entrepreneurs, community social entrepreneurs focus on helping groups in
small geographical locations.
4. Global Social Entrepreneur
Another type of social entrepreneurship deals with global issues and helps solve them. They’re part
of companies that focus on supporting social missions as part of their core functions. They aim to
change the system and make the world more livable.
COMMON COMPETENCIES IN
ENTREPRENEURSHIP
 COMMON COMPETENCIES IN ENTREPRENEURSHIP
1.DECISIVE – an entrepreneur must be firm in making
decisions.
2.COMMUNICATOR – an entrepreneur must have a
convincing power.
3.LEADER – an entrepreneur must have the charisma to be
obeyed by his employees.
4.OPPORTUNITY SEEKER – an entrepreneur must have the
ability to be the first to see business chances.
5.PROACTIVE – controlling a situation by making things to
happen or by preparing for possible future problems.
6.RISK TAKER – they have the courage to pursue what is
their business ideas.
7.INNOVATIVE – the entrepreneurs have big business ideas
and they do not stop improving thinking of new
worthwhile ideas for their business.
BENEFITS AND RELEVANCE OF
ENTREPRENEURSHIP
 WHAT IS THE DIFFERENCE
BETWEEN A BUSINESS MAN
AND AN ENTREPRENEUR
 BUSINESSMAN ENTREPRENEUR
A business man person who sets up an An entrepreneur is a person who starts
existing idea with new idea

Creates place in existing markets Creates new market

Market player Market leader

Less risk High risk

Conventional unconventional

Profit orientation People-oriented

Very high competition Low competition

THANK YOU FOR
LISTENING 
 ACTIVITY 2: BUSINESS MAN VS. ENTREPRENEUR
Make an essay consisting of Introduction,
Body and Conclusion explaining the
given quotation. It should have at least 3
sentences each paragraph

“ALL ENTREPRENEURS ARE

BUSINESS INDIVIDUAL BUT NOT
ALL BUSINESS INDIVIDUAL ARE
ENTREPRENEUR”