Entrepreneurship PDF

Entrepreneurship Peter Drucker (1985) - Behavior rather than personality trait. Its foundation lies in concept and theory rather than...

Entrepreneurship Peter Drucker (1985) - Behavior rather than personality trait. Its foundation lies in concept and theory rather than in intuition. William Gartner (1985) - Creation of new organization Fernandez, Phoebe Rein T. Robert Hisrich & Candida Brush (1985) - Process of 11 - Leibniz creating something new with value by devoting the Nature and Relevance of Entrepreneurship necessary time and effort; assuming the accompanying financial, psychic, and social risks and uncertainties; and ENTREPRENEURSHIP Is the process of discovering new receiving the resulting rewards and of monetary and ways of combining resources. When the market value personal satisfaction generated by this new combination of resources is greater than the market value these resources can Howard Stevenson & Irving Grousebeck (1989) - Pursuit generate elsewhere individually or in some other of opportunity without regard to resources currently combination, theentrepreneurmakes a profit controlled. DIFFERENT MEANING OF ENTREPRENEURSHIP Myra Hart, Howard H. Stevenson, & Jay Dial (1995) - Pursuit of opportunity without regard to resources Frank Knight (1921) - Having profits from bearing currently controlled but constrained by the founders’ uncertainty and risk previous choices and industry-related experience. Joseph Schumpeter (1934) - Carrying out of new Scott Shane (2003) - An activity that involves the combinations of firm organization --- new products, new discovery, evaluation, exploitation of opportunities to services, new sources of raw material, new methods of introduce new goods and services, ways of organizing production, new markets, new forms of organization efforts that previously had not existed. Berthold Frank Hoselitz (1952) - Uncertainty bearing… Donald Kuratko (2009) - Dynamic process of vision, coordination of productive resources… introduction of change, and creation that requires an application of innovations and provision of capital. energy and passion toward the creation and George Douglas Howard Cole (1959) - Purposeful implementation of new ideas and creative solutions activity to initiate and develop a profit oriented business. Walter Van Dyck & Mitchell Neubert (2012) - Conceiving David McClelland (1961) - Taking moderate risk an opportunity to offer new or improved goods and services, showing the initiative to pursue that Albert Shapero (1975) - A kind of behavior that includes: opportunity, making plans, mobilizing the resources initiative taking, the organizing or reorganizing of social necessary to convert the opportunity into reality. economic mechanism to turn resources and situations to practical account, and the acceptance of risk fail COMMON ELEMENTS IN ENTREPRENEURSHIP Mark Casson (1982) - Decisions and Judgements about Innovation the coordination or scarce resources Opportunity seeking and exploitation Resource Mobilizing Robert Ronstadt (1984) - Dynamic process of creating Encountering risks and uncertainties incremental wealth. This wealth is created by individuals Economic and personal rewards who assume the major risks in terms of equity, time, and/or career commitment of providing value for some FRIENDLIEST ENTREPRENEURSHIP COUNTRIES product or service. The product or service itself may or 1. USA may not be new or unique, but value must somehow be 2. CHINA infused by entrepreneur by securing and allocating the 3. SINGAPORE necessary skills and resources 4. CANADA  5. INDIA 6. TAIWAN 7. HONGKONG 8. THAILAND 9. MALAYSIA 10. SOUTH KOREA ENTREPRENEURS IN THE WORLD Jeff Bezos – Amazon Bill Gates – Microsoft Republic Act No. 6977 Warren Buffet – Berkshire Hathaway Home Services AN ACT TO PROMOTE, DEVELOP AND ASSIST SMALL AND MEDIUM SCALE ENTERPRISES THROUGH THE Bernard Arnault – LVMH CREATION OF A SMALL AND MEDIUM ENTERPRISE Carlo Slim Helu – America Movil DEVELOPMENT (SMED) COUNCIL, AND THE RATIONALIZATION OF GOVERNMENT ASSISTANCE Amancio Ortega – ZARA PROGRAMS AND AGENCIES CONCERNED WITH THE Larry Ellison – Oracle DEVELOPMENT Mark Zuckerberg – Facebook/Meta Approved Date: January 24, 1991 Elon Musk – Tesla Republic Act No. 8289 Larry Page – Alphabet AN ACT TO STRENGTHEN THE PROMOTION AND DEVELOPMENT OF AND ASSISTANCE TO SMALL AND Jack Ma – Alibaba MEDIUM SCALE ENTERPRISES, AMENDING FOR THAT PURPOSE REPUBLIC ACT NO. 6977, OTHERWISE KNOWN AS THE “MAGNA CARTA FOR SMALL ENTERPRISES” AND FOR OTHER PURPOSES. Approved Date: September 30, 1997 Republic Act No. 9501 AN ACT TO PROMOTE ENTREPRENEURSHIP BY STRENGTHENING DEVELOPMENT AND ASSISTANCE PROGRAMS TO MICRO, SMALL 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 A BRIEF HISTORY IN ENTREPRENEURSHIP IN THE Approved Date: May 23, 2008 PHILIPPINES SEC. 3 of RA 9501. Section of the same Act, as amended, is hereby further amended to read as follows: "SEC. 3.Micro, Small and Medium Enterprises (MSMEs) as Beneficiaries. - MSMEs shall be defined as any business activity or enterprise engaged in industry, agribusiness and/or services, whether single proprietorship, cooperative, partnership or corporation Andrew Tan – Emperador, McDonalds whose total assets, inclusive of those arising from loans Lucio Tan – Philippine Airlines, Tanduay but exclusive of the land on which the particular business entity's office, plant and equipment are situated, must Cecilio Pedro – Lamoiyan Corporation have value falling under the following categories: Henry Sy – SM, SMDC, BDO, Chinabank SME Development Plan ✓ Provision of Business Opportunities ✓ Strategic Business Planning , Training and Self- ~ Good Luck