BRPCSI

ENTREPRENEURSHIP
 CONCEPT OF
ENTREPRENEURSHI
P
Entrepreneurship is a catch-phrase in this era
of globalized economy. It is a foundation and
catalyst for economic growth and innovation
across nations. Entrepreneurial activities
thrive in societies with supportive government
policies and which give much importance to
innovativeness and risk-taking to turn new
ideas into breakthrough solutions.
ORIGIN OF
ENTREPRENEURSHIP
The term “entrepreneur” likely comes
from the French word "entreprendre,"
meaning to start something. Richard
Cantillon, an 18th-century Irish-French
economist, is widely credited with
defining entrepreneurship and
entrepreneurs an economic force that
drives development.
 SCOTT SHANE
2003

DEFINITION OF
ENTREPRENEURSHIP
ACCORDING TO SCOTT SHANE,
It is an activity that involves 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 not existed.
 DONALD KURATKO
2017

DEFINITION OF
ENTREPRENEURSHIP
ACCORDING TO DONALDO KURATKO,
Dynamic process of vision, change, and creation that requires an application of energy
and passion toward the creation and implementation of new ideas and creative
solutions.
 JOSEPH
SCHUMPETER
1934

DEFINITION OF
ENTREPRENEURSHIP
ACCORDING TO JOSEPH SCHUMPETER,
Carrying out of new combinations of firm organization, new products, new services,
new sources of raw materials, new methods of production, new markets, and new
forms of organization.
 PETER DRUCKER
1985

DEFINITION OF
ENTREPRENEURSHIP
ACCORDING TO JOSEPH SCHUMPETER,
Behavior rather than personality trait. Its foundation lies in concept and theory rather
than intuition.
ENTREPRENEURSHIP
Businesses are the backbone of the economy. Entrepreneurs play an
important role in developing the economy through providing the
needed products and services including the solution to the problem
of unemployment.
Entrepreneurship is encouraged by the economy because it can
provide a lot of opportunities for the unemployed people. It will
increase per capita income, improve standard of living and increase
individual savings, provide revenue to the government in the form of
income tax, value added tax, export duties, import duties, and
balanced regional development.
Common Elements of Entrepreneurship
INNOVATION
implementation of a new or significantly changed ideas, conceot, product, and process
1
Opportunity seeking and exploitation
2 developing a product or service based on a perceived entrepreneurial opportunity

3 Resource mobilizing
secure new and additional financial, human and material resources to advance its mission

4 Encountering risks and uncertainties

coping with challenges and thrive in a dynamic and unpredictable environment

Economic and personal rewards

5 rewards that influence the citizens' or consumers' behavior by delivering financial
motivation
 FRIENDLY
COUNTRIES FOR
ENTREPRENEURSHIP
South Korea emerged from the Asian financial crisis
better than any other country in the region. The
enterprising spirit is quite obvious in such companies like
Samsung, Hyundai, and Kia that have now well-known
SOUTH KOREA worldwide.
 FRIENDLY
COUNTRIES FOR
ENTREPRENEURSHIP
Entrepreneurship plays a dominant role in the country’s
economic landscape, with the government providing
venue, called Delhi Huts (Cottage Industries), to start up
entrepreneurs which promote local-handicrafts. India is
INDIA one of
the countries in Asia rim with a strong
base of entrepreneur organization led by
youth and women.
 FRIENDLY
COUNTRIES FOR
ENTREPRENEURSHIP
Noted to be one of the friendliest countries for
entrepreneur around the world. U.S.A. is home of to
thousands of successful entrepreneurs as shown by
companies like Apple, Microsoft, Starbucks, Walmart,
U.S.A. and Walt Disney.
 ENTREPRENEURSHIP
INPhilippines
The THE isPHILIPPINES
an entrepreneurial country. According
PSA, a total of 915,726 business enterprises are operating
in the country in 2016. Micro, small and medium
enterprises (MSME’s) account for 99.57% of (911,768)
U.S.A. of the total establishments. SME’s and large enterprises
are predominantly found in and around Metro Manila,
and micro enterprises are found in less geographically
concentrated areas.
 MAGNA CARTA FOR
MSME’S
REPUBLIC ACT NO. 9501

AN ACT TO PROMOTE ENTREPRENEURSHIP BY

STRENGTHENING DEVELOPMENT AND
ASSISTANCE PROGRAMS TO MICRO, SMALL
U.S.A.
AND MEDIUM SCALE ENTERPRISES, AMENDING
FOR THE PURPOSE REPUBLIC ACT NO. 6977, AS
AMENDED, OTHERWISE KNOWN AS THE
“MAGNA CARTA FOR SMALL ENTERPRISES”
AND FOR OTHER PURPOSES
 MSME’S PLAN
THE
Micro, Small and Medium Enterprise (MSME) Develop
ment Plan 2017-2022
is the sectoral plan for the growth and advancement of
the MSME sector. It was developed in consultation with
various stakeholders from the private sector, academia,
U.S.A.
and government agencies. It is aligned with the Philippine
government’s goal of boosting employment, business,
and livelihood or “Trabaho, Negosyo, Kabuhayan”
translating to “Malasakit”, “Pagbabago”, at “Patuloy na
Pag-unlad” of the Philippine Development Plan (PDP)