SH 006 Entrepreneurs HIP Second Semester Past Paper PDF

O L I VA R E Z C O L L E G E T A G E.AAguinaldo Y T A Y Highway, San jose, Tagaytay City SH 006 ENTREPRENEURS SECOND SEMESTER HIP Prepared by: Mr. Aaron Kenneth C. Juane, CTT,CHRA,CFMS ...

O L I VA R E Z C O L L E G E T A G E.AAguinaldo Y T A Y Highway, San jose, Tagaytay City SH 006 ENTREPRENEURS SECOND SEMESTER HIP Prepared by: Mr. Aaron Kenneth C. Juane, CTT,CHRA,CFMS  LESSON 1 Introduction to Entrepreneurship Relevance Concepts Factors affecting Entrepreneurship Common and Core Competencies in Entrepreneurship Prepared by: Mr. Aaron Kenneth C. Juane, CTT,CHRA,CFMS  What you need to know Businesses are the backbone of the economy. Entrepreneurs play an important role in developing the economy through providing the needed products and services including the solution to the problem of unemployment. Entrepreneurship is encouraged by the economy because it can provide a lot of opportunities for the unemployed people. It will increase per capita income, improve standard of living and increase individual savings, provide revenue to the government in the form of income tax, value added tax, export duties, import duties, and balanced regional development. Prepared by: Mr. Aaron Kenneth C. Juane, CTT,CHRA,CFMS  Objectives 1. Discuss the relevance of the course 2. Explain the key concepts of common competencies 3. Explain the core competencies in Entrepreneurship; and 2. Explore job opportunities for Entrepreneurship as a career Prepared by: Mr. Aaron Kenneth C. Juane, CTT,CHRA,CFMS  Before starting with this lesson, let us see what you already know about Entrepreneurship. Answer the questions below. 1. Entrepreneur means “to undertake.” 2. Entrepreneurship is a process of actions of an entrepreneur who is always in search of opportunities. 3. The greatest significance of entrepreneurship is to help identify and develop the managerial capabilities of entrepreneurs. 4. Entrepreneurship will lead to the creation of Prepared by: Mr. Aaron Kenneth C. Juane, CTT,CHRA,CFMS  Before starting with this lesson, let us see what you already know about Entrepreneurship. Answer the questions below. 6. Coward people will become successful entrepreneurs. 7. An entrepreneur is a “Risk Taker”. 8. Entrepreneurship is not an economic activity. 9. Entrepreneurs are innovative. 10. Profit potential is the compensation of the entrepreneur. 11. An entrepreneur can become a business consultant. 12. An entrepreneur can also be a researcher. 13. An entrepreneur can also become a salesman. 14. Entrepreneurship graduates can become business Prepared by: Mr. Aaron Kenneth C. Juane, CTT,CHRA,CFMS  Prepared by: Mr. Aaron Kenneth C. Juane, CTT,CHRA,CFMS RELEVANCE OF ENTREPRENEURSHIP TO AN ORGANIZATION Development of Managerial Capabilities - this means that one of the benefits an entrepreneur gets is to develop his managerial skills Creation of Organizations - which means that because of entrepreneurship many organizations will exist. Improving Standard of Living - this means that entrepreneurship can lift up the economic status of an individual. Means of Economic Development - this means that not only the life of the entrepreneur is improved but also the society where the business is located.  Concept of Entrepreneurship 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.” Entrepreneurs are innovators. They are willing to take the risks and generate unique ideas that can provide profitable solutions to the needs of the market and the society. Prepared by: Mr. Aaron Kenneth C. Juane, CTT,CHRA,CFMS  O L I VA R E Z C O L L E G E T A G E.AAguinaldo Y T A Y Highway, San jose, Tagaytay City Factors Affecting Entrepreneurship 1. Personality Factors which include: a. Initiative - doing things even before being told. b. Proactive - which means he can classify opportunities and seize it. c. Problem Solver - which means he can retain good relations with other people. d. Perseverance - meaning he will pursue things to get done regardless of Prepared by: Mr. Aaron Kenneth C. Juane, CTT,CHRA,CFMS  O L I VA R E Z C O L L E G E T A G E.AAguinaldo Y T A Y Highway, San jose, Tagaytay City Factors Affecting Entrepreneurship 1. Personality Factors which include: e. Persuasion - means that he can entice people to buy even if they don’t want to. f. A Planner - he makes plans before doing things and does not fail to monitor it. g. Risk-taker - which means that he is willing to gamble but he will calculate it first. Prepared by: Mr. Aaron Kenneth C. Juane, CTT,CHRA,CFMS  O L I VA R E Z C O L L E G E T A G E.AAguinaldo Y T A Y Highway, San jose, Tagaytay City Factors Affecting Entrepreneurship 2. Environmental Factors which include political, climate, legal system, economic and social conditions and market situations Prepared by: Mr. Aaron Kenneth C. Juane, CTT,CHRA,CFMS  Common Competencies in Entrepreneurship 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 Prepared by: Mr. Aaron Kenneth C. Juane, CTT,CHRA,CFMS  CORE Competencies in Entrepreneurship 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. Prepared by: Mr. Aaron Kenneth C. Juane, CTT,CHRA,CFMS  O L I VA R E Z C O L L E G E T A G E.AAguinaldo Y T A Y Highway, San jose, Tagaytay City TYPES OF ENTREPRENEURS 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. Prepared by: Mr. Aaron Kenneth C. Juane, CTT,CHRA,CFMS  O L I VA R E Z C O L L E G E T A G E.AAguinaldo Y T A Y Highway, San jose, Tagaytay City TYPES OF 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. Prepared by: Mr. Aaron Kenneth C. Juane, CTT,CHRA,CFMS  O L I VA R E Z C O L L E G E T A G E.AAguinaldo Y T A Y Highway, San jose, Tagaytay City TYPES OF ENTREPRENEURS 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. Prepared by: Mr. Aaron Kenneth C. Juane, CTT,CHRA,CFMS  O L I VA R E Z C O L L E G E T A G E.AAguinaldo Y T A Y Highway, San jose, Tagaytay City CAREER OPPORTUNITIES OF ENTREPRENEURSHIP 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 business men. 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 Prepared by: Mr. Aaron Kenneth C. Juane, CTT,CHRA,CFMS  O L I VA R E Z C O L L E G E T A G E.AAguinaldo Y T A Y Highway, San jose, Tagaytay City QUIZ #1  O L I VA R E Z C O L L E G E T A G E.AAguinaldo Y T A Y Highway, San jose, Tagaytay City THANK YOU Prepared by: Mr. Aaron Kenneth C. Juane, CTT,CHRA,CFMS