1-Overview-of-Entrepreneurship (1).pdf

UNDERSTANDING THE CONCEPT OF ENTREPRENEURSHIP  LEARNING OBJECTIVES: Define entrepreneur and entrepreneurship. Discuss the relevance of the course. Discover the difference between entrepreneur and ordinary business individual.  LET’S EX...

UNDERSTANDING THE CONCEPT OF ENTREPRENEURSHIP  LEARNING OBJECTIVES: Define entrepreneur and entrepreneurship. Discuss the relevance of the course. Discover the difference between entrepreneur and ordinary business individual.  LET’S EXAMINE Identification. Read carefully the following statements and identify whether this refers to Entrepreneur or Entrepreneurship. Write ER if its Entrepreneur and ES if it refers to Entrepreneurship. Write the answer in your notebook. 1. A person who undertakes the risk of starting a new business venture. 2. It is high-risk, but also can be high-reward as it serves to generate economic wealth, growth, and innovation. 3. Creates a firm, which aggregates capital and labor in order to produce goods or services for profit. 4. It is the activity of setting up a business or businesses, taking on financial risks in the hope of profit. 5. Creates a business plan, hire labor, acquire resources and financing, and provide leadership and management for the business. Concept of Entrepreneurship  ENTREPRENEURSHIP Is an art of observing correct practices in managing and operating a self-owned, wealth-creating business enterprise by providing goods and services that are valuable to the customers.   From the French word entreprendre which means to “to undertake”. ENTREPRENEUR  It connotes a business paradigm which signifies the start of a new business undertaking.  A person who organizes, operates and assumes the risk of business ventures  A person who strongly advocates and correctly practices the concepts and principles of entrepreneurship in operating and managing the self-owned business enterprise. Parameter Entrepreneur Business Individual A creative individual that An individual that follows the introduces new ideas to run the existing ideas business Innovative Traditional Nature Goal Customer oriented Profit oriented Risk margin High, the higher the Low, the lower the better better Market position Market leader Market player Orientation Opportunity oriented Resources oriented  1. Entrepreneurship generates new wealth in an economy. 2. Entrepreneurship decreases poverty. 3. It creates opportunities, ensures social THE RELEVANCE OF justice, instills confidence and ENTREPRENEURSHIP stimulates the economy. TO THE 4. Entrepreneurship improves COMMUNITY productivity. 5. Entrepreneurs create jobs. 6. Entrepreneurs innovate. 7. Entrepreneurs create innovation and social change. Relevance of Entrepreneurship to SHS Students 1. To prepare students for livelihood even before college. 2. Entrepreneurship education aids students from all socioeconomic backgrounds to think outside the box and nurture unconventional talents and skills. 3. Entrepreneurship develops their initiative and helps them to be more creative and self-confident in whatever they undertake and to act in a socially responsible way. 4. It exposes students to numerous opportunities to learn how to think critically and analyze the pieces on the board. Relevance of Entrepreneurship to SHS Students 5. Being aware of all the important factors and seeing how they affect each other is the foundation of a smart decision-making process. 6. Students have to be exposed to real- world examples and learn from their own experience. 7. Entrepreneurship education requires students to be innovative, creative and collaborative with others. 8. Entrepreneurship education provides budding entrepreneurs with the skills and knowledge to come up with business ideas and develop their own ventures. LETS HAVE AN ACTIVITY! Identify the entrepreneurs who founded the following companies:  Tony Tan Caktiong Mariano Que Corazon D. Ong Cecilio Pedro Ernesto L. Cu Henry Sy Socorro Ramos Henry Sy  Tony Tan Caktiong Mariano Que Corazon D. Ong Cecilio Pedro Ernesto L. Cu Henry Sy Socorro Ramos Corazon D. Ong  Tony Tan Caktiong Mariano Que Corazon D. Ong Cecilio Pedro Ernesto L. Cu Henry Sy Socorro Ramos Socorro Ramos  Tony Tan Caktiong Mariano Que Corazon D. Ong Cecilio Pedro Ernesto L. Cu Henry Sy Socorro Ramos Mariano Que  Tony Tan Caktiong Mariano Que Corazon D. Ong Cecilio Pedro Ernesto L. Cu Henry Sy Socorro Ramos Cecilio Pedro  Tony Tan Caktiong Mariano Que Corazon D. Ong Cecilio Pedro Ernesto L. Cu Henry Sy Socorro Ramos Ernesto L. Cu  Tony Tan Caktiong Mariano Que Corazon D. Ong Cecilio Pedro Ernesto L. Cu Henry Sy Socorro Ramos Tony Tan Caktiong  Robert Stewart Mariano Que Corazon D. Ong Cecilio Pedro Eugenio Lopez Sr. John Gokongwei Jr. Carlo Buenaflor John Gokongwei Jr.  Robert Stewart Mariano Que Ramon Ang Leandro Leviste Eugenio Lopez Sr. John Gokongwei Jr. Carlo Buenaflor Leandro Leviste  Words to ponder “ If you can dream it, you can do it”. – Walt Disney GROUP PREPARATION: 20 MINS ACTIVITY! PRESENTATION: 3-5 MINS Instruction: Teacher will divide the class into 5 groups. Each group has an assigned category to be discussed Learners will present the output in a creative way according to your interest through role play, variety show, reporting using ICT, musical play, talk show, vlogging etc. GROUP 1 Research and present the factors affecting entrepreneurship Personality Factors Environmental Factors GROUP 2 Research and present the functions of an entrepreneur. Give an examples. GROUP 3 Research and present to the class the types of entrepreneurs. Give an example. GROUP 4 Research and present to the class the skills that an ENTREPRENEUR should possess. GROUP 5 Research and present to the class the possible career OPPORTUNITIES FOR ENTREPENEURSHIP GRADUATES.