Introduction to The Entrepreneurial Mind: Learning Outcomes
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Questions and Answers

What is one of the learning outcomes of the lecture on 'The Entrepreneurial Mind'?

  • Studying marine biology
  • Understanding the nature of entrepreneurship (correct)
  • Exploring the history of ancient civilizations
  • Learning about different types of birds

    • How can the characteristics of an entrepreneur be related to personal potentials?

  • By comparing entrepreneurs to historical figures
  • By identifying how personal strengths align with entrepreneurial traits (correct)
  • By recognizing the similarities between different entrepreneurs
  • By understanding the nature of entrepreneurship

    • What is one of the topics covered in the lecture on 'The Entrepreneurial Mind'?

  • The history of literature in Europe
  • Modern dance forms
  • Start-ups and the Start-up Act (correct)
  • Ancient architecture in South America

    • What is the purpose of inculcating the 14 Life Principles of Henry Sy Sr. in everyday life?

    <p>To apply valuable life principles to daily life and business endeavors</p> Signup and view all the answers

    What is the main focus of the discussion in the lecture on 'The Entrepreneurial Mind'?

    <p>Entrepreneurship and personal development</p> Signup and view all the answers

    How does the lecture aim to benefit students?

    <p>By providing insights into the entrepreneurial mindset and truths about entrepreneurs</p> Signup and view all the answers

    What is the definition of entrepreneurship?

    <p>The activity of setting up a business or businesses, taking on financial risks in the hope of profit.</p> Signup and view all the answers

    Which principle of entrepreneurship emphasizes finding the right opportunity?

    <p>Effective Growth and Marketing</p> Signup and view all the answers

    What is the main focus of social entrepreneurship?

    <p>Striving to make a positive impact on social issues or the environment.</p> Signup and view all the answers

    What is the key characteristic of an innovative start-up as per Republic Act 11337?

    <p>Creation of new ideas leading to new or improved products, processes, business models, or services.</p> Signup and view all the answers

    What does the Philippine Innovation Act emphasize as the outcome of innovation?

    <p>All of the above</p> Signup and view all the answers

    What is the key difference between invention and innovation?

    <p>Invention refers to the process by which ideas and principles are embodied in concrete products and techniques, while innovation refers to the creation of new ideas.</p> Signup and view all the answers

    8

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    At the end of the lecture discussion and engagement, students must be able to: Gain appreciation of being an entrepreneur and understand the nature of entrepreneurship and truths about ______.

    <p>entrepreneurs</p> Signup and view all the answers

    Relate the types and characteristics of an entrepreneur to the nature of ______ and truths about personal potentials.

    <p>entrepreneurship</p> Signup and view all the answers

    Students will be able to learn Start-ups, Start up Act. Business Organizations and Functions. Start to inculcate the 14 Life Principles of Henry Sy Sr. in ______ life.

    <p>everyday</p> Signup and view all the answers

    Gain appreciation of being an entrepreneur and understand the nature of entrepreneurship and truths about personal ______.

    <p>potentials</p> Signup and view all the answers

    Relate the types and characteristics of an entrepreneur to the nature of entrepreneurship and truths about personal ______.

    <p>potentials</p> Signup and view all the answers

    Start to inculcate the 14 Life Principles of Henry Sy Sr. in ______ life.

    <p>everyday</p> Signup and view all the answers

    10 Principles of Entrepreneurship: Have a ______

    <p>Vision</p> Signup and view all the answers

    10 Principles of Entrepreneurship: Make Viable Products or Services Be a Solution ______

    <p>Provider</p> Signup and view all the answers

    10 Principles of Entrepreneurship: Select the Team ______

    <p>Wisely</p> Signup and view all the answers

    10 Principles of Entrepreneurship: Proper Identification of ______ Requirements

    <p>Capital</p> Signup and view all the answers

    10 Principles of Entrepreneurship: Accountability and Responsibility with ______

    <p>Integrity</p> Signup and view all the answers

    10 Principles of Entrepreneurship: Find the Right ______

    <p>Opportunity</p> Signup and view all the answers

    10 Principles of Entrepreneurship: Effective Growth and ______

    <p>Marketing</p> Signup and view all the answers

    10 Principles of Entrepreneurship: Know your ______

    <p>Customers</p> Signup and view all the answers

    10 Principles of Entrepreneurship: Respect your Customers and ______

    <p>Employees</p> Signup and view all the answers

    Social Entrepreneurship: A for-profit business model that strives to make a positive impact on social issues or the ______

    <p>Environment</p> Signup and view all the answers

    Study Notes

    Learning Outcomes of 'The Entrepreneurial Mind'

    • Students will appreciate the essence of entrepreneurship and its nature.
    • Understanding the characteristics of entrepreneurs is linked to uncovering personal potential.
    • Discussion will include significant topics such as Start-ups and the Start-up Act.

    Purpose of Henry Sy Sr.'s Life Principles

    • The 14 Life Principles of Henry Sy Sr. are intended to be integrated into daily life for personal and professional growth.

    Focus of the Lecture

    • The main focus is on the nature of entrepreneurship and the fundamental truths associated with it.
    • The lecture's goal is to provide insights that enhance students' entrepreneurial skills and understanding.

    Definition of Entrepreneurship

    • Entrepreneurship is defined as the act of creating and running new enterprises to exploit opportunities and innovate.

    Principles of Entrepreneurship

    • Finding the right opportunity is a critical principle of entrepreneurship, essential for success.
    • Additional principles include accountability, team selection, and product viability.

    Characteristics of Innovative Start-ups

    • The key characteristic of an innovative start-up, according to Republic Act 11337, is the ability to create novel solutions and add value to the market.

    Philippine Innovation Act Emphasis

    • The Philippine Innovation Act emphasizes that the ultimate goal of innovation is to achieve tangible benefits for society and the economy.

    Invention vs. Innovation

    • The key distinction lies in invention being the creation of something new, while innovation involves improving or making existing ideas more effective.

    Social Entrepreneurship

    • This model focuses on profit generation while aiming to create a positive social impact by addressing social issues.

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    Description

    This quiz covers the learning outcomes of the lecture on the entrepreneurial mind. It aims to test students' understanding of the nature of entrepreneurship, the truths about entrepreneurs, and the types and characteristics of entrepreneurs.

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