Lesson 1: Entrepreneurship Overview and Concepts PDF

Lesson 1 Entrepreneurship: Overview and Concepts Entrepreneurship Senior High School Applied - Academic  Entrepreneur An entrepreneur is a person who creates unique ideas that will be useful for starting a business. EVALUAT ENGAGE EXPLORE...

Lesson 1 Entrepreneurship: Overview and Concepts Entrepreneurship Senior High School Applied - Academic  Entrepreneur An entrepreneur is a person who creates unique ideas that will be useful for starting a business. EVALUAT ENGAGE EXPLORE EXPLAIN EXTEND 2  Entrepreneurship Entrepreneurship is the science of converting processed ideas into a remarkable business venture. EVALUAT ENGAGE EXPLORE EXPLAIN EXTEND 3 Why study Entrepreneurship? EVALUAT ENGAGE EXPLORE EXPLAIN EXTEND 4  Usefulness of the Course to the Students 1. It develops skills that will be needed in starting up a business. 2. It enhances knowledge on how to operate business. 3. It demonstrates how to manage a business. 4. Learners consider becoming an employer rather than an employee. EVALUAT ENGAGE EXPLORE EXPLAIN EXTEND 5  Usefulness of the Course to the Students 5. Learners change their attitude towards the course as a means of living. 6. Learners change in personal and career attitudes such as communication, problem- solving, collaboration, motivation, creativity, and teamwork. EVALUAT ENGAGE EXPLORE EXPLAIN EXTEND 6 Importance of Entrepreneurship Education 1. key economic driver 2. increase the level of knowledge, competence and improve the quality of life 3. alternative career path EVALUAT ENGAGE EXPLORE EXPLAIN EXTEND 7 What are the common entrepreneurial competencies? EVALUAT ENGAGE EXPLORE EXPLAIN EXTEND 8  Entrepreneurship Common Competencies Specific Goal Setting - Entrepreneurs should set goals that are SMART because it will increase the chances of achieving that goal. EVALUAT ENGAGE EXPLORE EXPLAIN EXTEND 99  Entrepreneurship Common Competencies Self-Efficacy - Entrepreneurs must believe in their ability. Entrepreneurs with high self-efficacy will turn negative feedback into positive and use this as a basis for improvement. EVALUAT ENGAGE EXPLORE EXPLAIN EXTEND 10 10  Entrepreneurship Common Competencies Need for Achievement - Entrepreneurs must have a high desire to accomplish goals. This includes repeated efforts to achieve success. EVALUAT ENGAGE EXPLORE EXPLAIN EXTEND 11 11  Entrepreneurship Common Competencies Ambition - Entrepreneurs must have motivation and persistence to pursue their goals. EVALUAT ENGAGE EXPLORE EXPLAIN EXTEND 12 12  Entrepreneurship Common Competencies Willingness to Learn - Entrepreneurs should have a strong willingness to acquire new knowledge and skills. EVALUAT ENGAGE EXPLORE EXPLAIN EXTEND 13 13  Entrepreneurship Common Competencies Adaptability and Flexibility - Entrepreneurs must learn how to be adaptable and flexible in every situation. They can manage change well and generate new actions even with undesirable events. EVALUAT ENGAGE EXPLORE EXPLAIN EXTEND 14 14  Entrepreneurship Common Competencies Willingness to Take Risk - Entrepreneurs must be willing to accept the consequences of every decision. They must know how to calculate and identify risk. They are skilled in developing new plans. EVALUAT ENGAGE EXPLORE EXPLAIN EXTEND 15 15  Entrepreneurship Common Competencies Interpersonal Skills - Entrepreneurs should have strong skills in working with people. They should have an understanding of the behavior of others. EVALUAT ENGAGE EXPLORE EXPLAIN EXTEND 16 16