Introduction to Entrepreneurship - Bulihan Integrated National High School

1 Introduction to Entrepreneurship Quarter 3 – Module 1 BULIHAN INTEGRATED NATIONAL HIGH SCHOOL Lesson Objectives: 2 1. discuss the relevance of the course; 2. explain the key concepts...

1 Introduction to Entrepreneurship Quarter 3 – Module 1 BULIHAN INTEGRATED NATIONAL HIGH SCHOOL Lesson Objectives: 2 1. discuss the relevance of the course; 2. explain the key concepts of common competencies; 3. explain the core competencies in Entrepreneurship; 4. explore job opportunities for Entrepreneurship as a career BULIHAN SAMA-SAMA SA PAG SULONG NG INTEGRATED NATIONAL HIGH SCHOOL Edu KALDIDAD  3 Relevance of Entrepreneurship to an Organization BULIHAN SAMA-SAMA SA PAG SULONG NG INTEGRATED NATIONAL HIGH SCHOOL Edu KALDIDAD Development of Managerial capabilities 4 this means that one of the benefits an entrepreneur gets is to develop his managerial skills. BULIHAN SAMA-SAMA SA PAG SULONG NG INTEGRATED NATIONAL HIGH SCHOOL Edu KALDIDAD Creation of Organizations 5 which means that because of entrepreneurships many organizations will exist BULIHAN SAMA-SAMA SA PAG SULONG NG INTEGRATED NATIONAL HIGH SCHOOL Edu KALDIDAD Improving standard of living 6 this means that entrepreneurship can lift up the economic status of an individual BULIHAN SAMA-SAMA SA PAG SULONG NG INTEGRATED NATIONAL HIGH SCHOOL Edu KALDIDAD Means of economic development 7 this means that not only the life of the entrepreneur is improved but also the society where the business is located BULIHAN SAMA-SAMA SA PAG SULONG NG INTEGRATED NATIONAL HIGH SCHOOL Edu KALDIDAD  8 Concept of Entrepreneurship BULIHAN SAMA-SAMA SA PAG SULONG NG INTEGRATED NATIONAL HIGH SCHOOL Edu KALDIDAD Entrepreneurship 9 The word “entrepreneur” was derived from the French verb enterprendre, which means “to undertake.” This is pinpointing to those who “undertake” the risk of enterprise. The enterprise is created by an entrepreneur and the process is called “Entrepreneurship.” BULIHAN SAMA-SAMA SA PAG SULONG NG INTEGRATED NATIONAL HIGH SCHOOL Edu KALDIDAD  10 Entrepreneurs Innovators willing to take risks and generate new ideas to make it unique and profitable solutions to the present-day problems. BULIHAN SAMA-SAMA SA PAG SULONG NG INTEGRATED NATIONAL HIGH SCHOOL Edu KALDIDAD  11 Factors Affecting Entrepreneurship BULIHAN SAMA-SAMA SA PAG SULONG NG INTEGRATED NATIONAL HIGH SCHOOL Edu KALDIDAD  12 Personality Factors Initiative - which means doing things even before being told. Proactive -which means he can classify opportunities and seize it. BULIHAN SAMA-SAMA SA PAG SULONG NG INTEGRATED NATIONAL HIGH SCHOOL Edu KALDIDAD  13 Personality Factors Problem Solver - which means he can retain good relations with other people. Perseverance - meaning he will pursue things to get done regardless of challenges. Persuasion - means that he can entice people to buy even if they don’t. BULIHAN SAMA-SAMA SA PAG SULONG NG INTEGRATED NATIONAL HIGH SCHOOL Edu KALDIDAD  14 Personality Factors A Planner - meaning he makes plan before doing things and do not fail to monitor it. Risk-taker - which means that he is willing to gamble but he will calculate it first BULIHAN SAMA-SAMA SA PAG SULONG NG INTEGRATED NATIONAL HIGH SCHOOL Edu KALDIDAD Environmental Factors 15 Political Climate BULIHAN SAMA-SAMA SA PAG SULONG NG INTEGRATED NATIONAL HIGH SCHOOL Edu KALDIDAD Environmental Factors 16 Legal System Economic Conditions BULIHAN SAMA-SAMA SA PAG SULONG NG INTEGRATED NATIONAL HIGH SCHOOL Edu KALDIDAD Environmental Factors 17 Social Conditions Market Situation BULIHAN SAMA-SAMA SA PAG SULONG NG INTEGRATED NATIONAL HIGH SCHOOL Edu KALDIDAD  18 Common Competencies in Entrepreneurship BULIHAN SAMA-SAMA SA PAG SULONG NG INTEGRATED NATIONAL HIGH SCHOOL Edu KALDIDAD  19 Common Competencies 1. Decisive - an entrepreneur must be firm in making decisions. 2. Communicator - an entrepreneur must have a convincing power. BULIHAN SAMA-SAMA SA PAG SULONG NG INTEGRATED NATIONAL HIGH SCHOOL Edu KALDIDAD  20 Common Competencies 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 BULIHAN SAMA-SAMA SA PAG SULONG NG INTEGRATED NATIONAL HIGH SCHOOL Edu KALDIDAD  21 Common Competencies 5. Proactive - controlling a situation by making things to happen or by preparing for possible future problems. 6. Risk Taker - they have the courage to pursue their business ideas. 7. Innovative - the entrepreneurs have big business ideas and they do not stop improving and thinking of new worthwhile ideas for their business. BULIHAN SAMA-SAMA SA PAG SULONG NG INTEGRATED NATIONAL HIGH SCHOOL Edu KALDIDAD  22 Core Competencies in Entrepreneurship BULIHAN SAMA-SAMA SA PAG SULONG NG INTEGRATED NATIONAL HIGH SCHOOL Edu KALDIDAD  23 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. BULIHAN SAMA-SAMA SA PAG SULONG NG INTEGRATED NATIONAL HIGH SCHOOL Edu KALDIDAD  24 Innovative Entrepreneurs constantly look for new ideas, thus he needs to be creative. BULIHAN SAMA-SAMA SA PAG SULONG NG INTEGRATED NATIONAL HIGH SCHOOL Edu KALDIDAD  25 Profit Potential The entrepreneur can be compensated by his profit coming from the operation. BULIHAN SAMA-SAMA SA PAG SULONG NG INTEGRATED NATIONAL HIGH SCHOOL Edu KALDIDAD  26 Risk bearing The entrepreneur needs to gamble but wise enough to offset the risk. BULIHAN SAMA-SAMA SA PAG SULONG NG INTEGRATED NATIONAL HIGH SCHOOL Edu KALDIDAD  27 Types of Entrepreneurs BULIHAN SAMA-SAMA SA PAG SULONG NG INTEGRATED NATIONAL HIGH SCHOOL Edu KALDIDAD  28 Innovative entrepreneur 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. BULIHAN SAMA-SAMA SA PAG SULONG NG INTEGRATED NATIONAL HIGH SCHOOL Edu KALDIDAD Imitating entrepreneurs 29 They are those who don’t create new things but only follow the ideas of other entrepreneurs. BULIHAN SAMA-SAMA SA PAG SULONG NG INTEGRATED NATIONAL HIGH SCHOOL Edu KALDIDAD  30 Fabian entrepreneurs They are skeptical about changes to be made in the organization. They don’t initiate but follow only after they are satisfied. BULIHAN SAMA-SAMA SA PAG SULONG NG INTEGRATED NATIONAL HIGH SCHOOL Edu KALDIDAD  31 Drone entrepreneur They are those who lives on the labor of others. They are die-hard conservatives even ready to suffer the loss of business BULIHAN SAMA-SAMA SA PAG SULONG NG INTEGRATED NATIONAL HIGH SCHOOL Edu KALDIDAD Social entrepreneurs 32 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 BULIHAN SAMA-SAMA SA PAG SULONG NG INTEGRATED NATIONAL HIGH SCHOOL Edu KALDIDAD  33 Career Opportunities of Entrepreneurship BULIHAN SAMA-SAMA SA PAG SULONG NG INTEGRATED NATIONAL HIGH SCHOOL Edu KALDIDAD  34 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 business man BULIHAN SAMA-SAMA SA PAG SULONG NG INTEGRATED NATIONAL HIGH SCHOOL Edu KALDIDAD  35 Teacher a graduate of an entrepreneurshi p can use his knowledge in teaching BULIHAN SAMA-SAMA SA PAG SULONG NG INTEGRATED NATIONAL HIGH SCHOOL Edu KALDIDAD  36 Researcher the entrepreneur can be employed as researcher by an enterprise BULIHAN SAMA-SAMA SA PAG SULONG NG INTEGRATED NATIONAL HIGH SCHOOL Edu KALDIDAD Sales 37 the entrepreneurship graduate can apply as salesman BULIHAN SAMA-SAMA SA PAG SULONG NG INTEGRATED NATIONAL HIGH SCHOOL Edu KALDIDAD  38 Business Reporter the entrepreneur being expert in the field, he can be employed as business reporter BULIHAN SAMA-SAMA SA PAG SULONG NG INTEGRATED NATIONAL HIGH SCHOOL Edu KALDIDAD  39 BULIHAN SAMA-SAMA SA PAG SULONG NG INTEGRATED NATIONAL HIGH SCHOOL Edu KALDIDAD