Entrepreneurship - Unit 1 - PDF

ENTREPRENEURSHIP Unit 1: Introduction to Entrepreneurship Lesson 1: Definition of Entrepreneurship and Entrepreneur Lesson 2: Characteristics / Qualities of an Entrepreneur Lesson 3: Exploring Entrepreneurship as a Career Unit 1: Introduction to Entrepreneurship Lesson 1: Defi...

ENTREPRENEURSHIP Unit 1: Introduction to Entrepreneurship Lesson 1: Definition of Entrepreneurship and Entrepreneur Lesson 2: Characteristics / Qualities of an Entrepreneur Lesson 3: Exploring Entrepreneurship as a Career Unit 1: Introduction to Entrepreneurship Lesson 1: Definition of Entrepreneurship and Entrepreneur Lesson 2: Characteristics / Qualities of an Entrepreneur Lesson 3: Exploring Entrepreneurship as a Career  What is Entrepreneurship?  ENTREPRENEURSHIP It is a proactive process of developing a business venture to make a profit. It involves seeking opportunities for a market, establishing and operating a business out of the opportunity, and assessing its risks and rewards through close monitoring of the operations. ENTREPRENEURSHIP Entrepreneurship is when an individual who has an idea acts on that idea, usually to disrupt the current market with a new product or service. Entrepreneurship usually starts as a small business but the long-term vision is much greater, to seek high profits and capture market share with an innovative new idea.  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.  Why entrepreneurship subject is part of SHS CURRICULUM?  ENTREPRENEURSHIP Entrepreneurship education aids students from all socioeconomic backgrounds to think outside the box and nurture unconventional talents and skills. It creates opportunities, ensures social justice, instills confidence and stimulates the economy.  ENTREPRENEURSHIP Entrepreneurship education is a lifelong learning process, starting as early as elementary school and progressing through all levels of education, including adult education.  Common Competencies in Entrepreneurship  COMMON COMPETENCIES IN ENTREPRENEURSHIP 1 DECISIVE 2 COMMUNICATOR 3 LEADER 4 OPPORTUNITY SEEKER  COMMON COMPETENCIES IN ENTREPRENEURSHIP 5 PROACTIVE 6 RISK TAKER 7 INNOVATIVE  COMMON COMPETENCIES IN ENTREPRENEURSHIP 1 DECISIVE An entrepreneur must be firm in making decisions.  COMMON COMPETENCIES IN ENTREPRENEURSHIP 2 COMMUNICATOR An entrepreneur must have a convincing power.  COMMON COMPETENCIES IN ENTREPRENEURSHIP 3 LEADER An entrepreneur must have the charisma to be obeyed by his employees.  COMMON COMPETENCIES IN ENTREPRENEURSHIP 4 OPPORTUNITY SEEKER An entrepreneur must have the ability to be the first to see business chances.  COMMON COMPETENCIES IN ENTREPRENEURSHIP 5 PROACTIVE An entrepreneur can control a situation by making things happen or by preparing for possible future problems.  COMMON COMPETENCIES IN ENTREPRENEURSHIP 5 PROACTIVE An entrepreneur can control a situation by making things happen or by preparing for possible future problems.  COMMON COMPETENCIES IN ENTREPRENEURSHIP 6 RISK TAKER An entrepreneur has the courage to pursue business ideas.  COMMON COMPETENCIES IN ENTREPRENEURSHIP 7 INNOVATIVE The entrepreneur has big business ideas and he does not stop improving and thinking of new worthwhile ideas for his business.  COMMON COMPETENCIES IN ENTREPRENEURSHIP 7 INNOVATIVE The entrepreneur has big business ideas and he does not stop improving and thinking of new worthwhile ideas for his business.  COMMON COMPETENCIES IN ENTREPRENEURSHIP 7 INNOVATIVE The entrepreneur has big business ideas and he does not stop improving and thinking of new worthwhile ideas for his business.  COMMON COMPETENCIES IN ENTREPRENEURSHIP 7 INNOVATIVE The entrepreneur has big business ideas and he does not stop improving and thinking of new worthwhile ideas for his business.  COMMON COMPETENCIES IN ENTREPRENEURSHIP 7 INNOVATIVE The entrepreneur has big business ideas and he does not stop improving and thinking of new worthwhile ideas for his business.  CORE COMPETENCIES IN ENTREPRENEURSHIP 1 Economic and Dynamic Activity 2 Innovative 3 Profit Potential 4 Risk Bearing  Who ARE ENTREPRENEURS?  ENTREPRENEURS The word "entrepreneur" has a French origin and was coined from the words entre, which means "between," and prendre, which means "to take."  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 An entrepreneur is a unique individual who has the innate ability and extraordinary dedication to establish and manage a business, acknowledging all the risks and reaping its rewards.  ENTREPRENEURS It entails a holistic business talent to be considered one, ranging from product and marketing expertise to operations agility, and to financial proficiency.  ENTREPRENEURS An entrepreneur is successful if the business that he or she envisioned has materialized into a thriving industry with regular customers and financial gain. He or she either decides to maintain his or her business or expand. ENTREPRENEURS ENTREPRENEURS ENTREPRENEURS ENTREPRENEURS ENTREPRENEURS Unit 1: Introduction to Entrepreneurship Lesson 1: Definition of Entrepreneurship and Entrepreneur Lesson 2: Characteristics / Qualities of an Entrepreneur Lesson 3: Exploring Entrepreneurship as a Career Unit 1: Introduction to Entrepreneurship Lesson 1: Definition of Entrepreneurship and Entrepreneur Lesson 2: Characteristics / Qualities of an Entrepreneur Lesson 3: Exploring Entrepreneurship as a Career CHARACTERISTICS/ QUALITIES OF AN ENTREPRENEUR Entrepreneurial Entrepreneurial Traits and Traits and Creation of Entrepreneurial Value-added Intentions   Level of education Entrepreneurial Traits and  Employment status Creation of Value-added  Wealth  Risk appetite Internal factors  Demographics  Personal traits Entrepreneurial  Psychological Traits and Characteristics Entrepreneurial  Individual skills  Prior knowledge Intentions  Social ties External factors  Environmental support Entrepreneurial  Environmental influence Traits and Entrepreneurial Intentions  FILIPINO ENTREPRENEURS In the 2003 Census of Philippine Business Industries, 91.75% of establishments are microenterprises and women account for 95% of these microenterprises. More than half (52%) of Filipino entrepreneurs are in the age group 18-44 years. Unit 1: Introduction to Entrepreneurship Lesson 1: Definition of Entrepreneurship and Entrepreneur Lesson 2: Characteristics / Qualities of an Entrepreneur Lesson 3: Exploring Entrepreneurship as a Career  FILIPINO ENTREPRENEURS Business Teacher Researcher Consultant Sales Business Reporter  FILIPINO ENTREPRENEURS Business Teacher Researcher Consultant Sales Business Reporter Business Consultant with the expertise of the entrepreneur he can be a very good source of advices to other entrepreneurs and would be business man  FILIPINO ENTREPRENEURS Business Teacher Researcher Consultant Sales Business Reporter  Teacher a graduate of an entrepreneurship can be use his knowledge in teaching  FILIPINO ENTREPRENEURS Business Teacher Researcher Consultant Sales Business Reporter  Researcher the entrepreneur can be employed as researcher by an enterprise  FILIPINO ENTREPRENEURS Business Teacher Researcher Consultant Sales Business Reporter  Sales the entrepreneurship graduate can apply as salesman  FILIPINO ENTREPRENEURS Business Teacher Researcher Consultant Sales Business Reporter  Business Reporter the entrepreneur being expert in the field, he can be employed as business reporter  FILIPINO ENTREPRENEURS Business Teacher Researcher Consultant Sales Business Reporter  TYPES OF ENTREPRENEURS  Innovative entrepreneurs  Imitating  Fabian entrepreneurs  Drone entrepreneurs  Social entrepreneurs  TYPES OF ENTREPRENEURS  Innovative entrepreneurs -have the ability to think newer, better and more economical ideas.  TYPES OF ENTREPRENEURS  Imitating -these are people who follow the path show by innovative entrepreneurs.  TYPES OF ENTREPRENEURS  Fabian entrepreneurs -are skeptical about changes to be made in the Organization.  TYPES OF ENTREPRENEURS  Drone entrepreneurs -are persons who lives on the labor of other.  TYPES OF ENTREPRENEURS  Social entrepreneurs -are people who drive social innovation and transformation in various fields including education, health, human rights and many others. Market Situation Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. 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