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Entrep Lesson 1

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108 views60 pages

Entrep Lesson 1

Uploaded by

ANTHONY Anthony jaca
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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>>>>>>>>

ENTREPRENEURSHIP
RICO P. PARRILLA
INSTRUCTOR
> > > > > > > > LESSON 1
INTRODUCTION TO
ENTREPRENEURSHIP
CHAPTER 1
1 Relevance of the
course
2 Key concepts and
common
competencies
3 Core competency
in
Entrepreneurship
4 Career
opportunities
1 Discuss the relevance
of the course
2 Explain the key
concepts of common
competencies;
3 Explain the core
competencies in
Entrepreneurship; and
4 Explore job
opportunities for
Entrepreneurship as a
career.
Does the name ring
a bell?
INTERNATIONALLY
Bill Gates
Steve Jobs
Mark Zuckerberg
Travis Kalanick
IN THE PHILIPPINES
Lucio Tan
Socorro Ramos
Alfredo Yao
Edgar Sia II
Did you know what
they all have in
common?
Do you agree that
“Entrepreneurs are
born and not
made”?
o The creation or extraction of
economic value is referred to as
entrepreneurship. According to this
definition, entrepreneurship is seen
as transformation that typically
involves greater risk than is typical
when beginning a business and
may also involve values other than
just financial ones.
o An entrepreneur is a
person who seeks a
profitable opportunity
and takes the necessary
risks to set up and
operate a business.
❖ Differ from many small-
business owners in their
strong desire to make their
business grow.

❖ Differ from managers


through their overriding
responsibility to use the
resources of the
organization to accomplish
their goals.

❖ Willing to take risks.


oClassic Entrepreneurs

oSerial Entrepreneurs
oSocial Entrepreneurs
Classic entrepreneurs are risk-
takers who start their own
companies based on innovative
ideas. Some classic
entrepreneurs are micropreneurs
who start small and plan to stay
small. They often start businesses
just for personal satisfaction and
the lifestyle.
• A serial entrepreneur is someone who
starts multiple businesses. They may
sell or step back from one business
before starting another, or they may
run multiple businesses
simultaneously, delegating leadership
roles to other people.
• A social entrepreneur is a person
who pursues novel applications
that have the potential to solve
community-based problems.
These individuals are willing to
take on the risk and effort to create
positive changes in society
o Entrepreneurs work to develop
ideas, create and refine products
and services, and grow
companies and industries. They
sometimes, but not always, work
for a family-owned business or for
themselves, but many work within
traditional companies and
organizations.
• People choose entrepreneurship for
many reasons

✓Dissatisfaction with traditional


work

✓Their ideas fulfill customer


needs
✓ FREEDOM

✓ SATISFACTION

✓ FLEXIBILITY
• Being your Own Boss
– Self-management is the motivation that drives
many entrepreneurs.
• Financial Success
– Entrepreneurs are wealth creators.
• Job Security
– Over the past ten years, large companies have
eliminated more jobs than they have created.
• Quality of Life
– Starting a business gives the founder some
choice over when, where, and how to work.
A. Initiative does things before being asked

B. Proactive identifies and utilizes opportunities

C. Perseverance works against all odds to overcome obstacles


and is never complacent with success

D. Problem- introduces innovative solutions to any


Solver obstacles and problems in the enterprise

E. Persuasion convinces customers an financiers to


patronize his business
F. Self- confidence makes decisions and sticks to
his decisions
G. Self- critical learns from his mistakes and from
experiences of others
H. A planner collects information, prepares a plan, and
monitors performance

I. Risk- taker willing to take calculated risks

J. Creativity the ability to produce clever, workable


solutions
K. Business like possessing the knowledge of your
attitude chosen business and having the savvy to
conduct business
L. Confidence having a firm belief in your own
capabilities and your chances of success.
M. Relation Skills the ability to get along with others, to
inspire cooperation, confidence and
loyalty
N. Communication the ability to express yourself and to
Skills understand others so that ideas can be
shared.
O. Ability to make the talents to analyze complex situations
decisions and draw conclusions that will make the
business succeed
a) DEVELOPMENT OF MANAGERIAL CAPABILITIES

■ Studying a problem, identifying its alternatives,


comparing alternative in terms of cost and benefit
implication and choosing the best alternative help in
sharpening the decision-making skills of an entrepreneur.

■ Besides, these managerial capabilities are used by


entrepreneurs in creating new technologies and products in
place of older technologies and products resulting in higher
performance
b) CREATION OF ORGANIZATIONS

■ Entrepreneurship results in the creation of


organizations when entrepreneurs assemble
and coordinate physical, human and financial
resources and direct them towards
achievement of objectives through
managerial skills.
c) IMPROVING STANDARD OF LIVING

■ Entrepreneurship helps in making a wide variety


of goods and services available to the society
which results into higher standard of living for the
people. Possessions of luxury cars, computers, cell
phones, rapid growth of shopping malls, etc. Point
to the rising living standard of people. All these are
due to the efforts of entrepreneurs.
d) MEANS OF ECONOMIC
DEVELOPMENT.

■ Entrepreneurship involves creation and


use of innovative ideas, maximization of
output from given resources, and
development of managerial skills. All these
factors are essential to the development of a
country.
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 – an entrepreneur can control a
situation by making things happen or by preparing
for possible future problems.

6. Risk Taker – an entrepreneur has the courage to


pursue business ideas.

7. Innovative - the entrepreneur has big business


ideas, and he does not stop improving and thinking
of new worthwhile ideas for his business.
1. Economic and Dynamic Activity - Entrepreneurship is an
economic activity because it involves the creation and
operation of an enterprise with a view to creating value or
wealth by ensuring optimum utilization of limited
resources.
2. Innovative – The entrepreneur constantly looks for new
ideas, thus he needs to be creative.

3. Profit Potential - The entrepreneur can be compensated by


his profit coming from the operation.

4. Risk bearing – The entrepreneur needs to gamble but wise


enough to offset the risk
1. Innovative Entrepreneurs - They are those who
always make new things by thinking of new ideas. They
have the ability to think newer, better and more
economical ideas.

2. Imitating Entrepreneurs - They are those who don’t


create new things but only follow the ideas of other
entrepreneurs.

3. Fabian Entrepreneurs - They are skeptical about


changes to be made in the organization. They don’t
initiate but follow only after they are satisfied.
4. Drone Entrepreneurs - They are those who
live on the labor of others. They are die-hard
conservatives even ready to suffer the loss of
business.

5. Social Entrepreneurs - They are those who


initiate changes and drive social innovation
and transformation in the various fields such
as education, health, human rights,
environment and enterprise development.
1. Business Consultant - with the expertise of
in the field of entrepreneurship, he can be
a very good source of advices to other
entrepreneurs and would be businessmen.

2. Teacher - a graduate of an
entrepreneurship can use his knowledge in
teaching.
3. Researcher - the entrepreneur can be
employed as a researcher by an enterprise.

4. Sales - the entrepreneurship graduate can


apply as a salesman.

5. Business Reporter - the entrepreneur being


expert in the field, can be employed as a
business reporter.
-END-
PERFORMANCE TASK
NUMBER 1
1. Count one to
fifteen (1-15)
2. Each member, get
a thing in your bag
that you considered
valuable
3. Discuss among
your groups if what
thing will you use to
represent your
group. 30 minutes
4. Persuade me with
how and why I
should like the thing
you picked
Collaboration------------------------25 points
Critical Thinking--------------------25 points
Creativity ----------------------------25 points
Persuasion and Presentation---25 points

TOTAL: 100 POINTS


To be presented
and submitted next
meeting(next week).
“From Scrap to Craft”
Instruction: Make one (1) product of
your own using any used materials
you can find from your home. You
must also write your experience in
making the product using the guide
questions provided.
Originality----------------------------35 points
Creativity-----------------------------30 points
Relevance---------------------------20 points
Appearance-------------------------15 points

TOTAL: 100 POINTS


Print in a short bond paper with ACLC
logo
Font style : Arial
Font Size: 12
Limit answer per question: 100 words

(Class President must collect all


papers and must be submitted in one
short folder)
1. How did you find the activity?
2. What comes first in your mind when you make the
product?
3. Why did you come up with that kind of a product?
4. How did you come up with the product?
5. Are there problems or opportunities that you want to
give solutions out of your product? What are these?
6. Is your product potential for business? Give your
reason.
7. What are the benefits that your product could give to
the society?
8. Name some characteristics or traits that you found
necessary in making the product.
-END-

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