The Entrepreneurial Mind and Behavior PDF

CHIANG KAI SHEK COLLEGE The Entrepreneurial Mind and Behavior GEENTM-ENTREB John Michael E. Tolentino, PhD. Introduction Entrepreneurship is increasingly regarded as a valuable life skill that goes beyond simply starti...

CHIANG KAI SHEK COLLEGE The Entrepreneurial Mind and Behavior GEENTM-ENTREB John Michael E. Tolentino, PhD. Introduction Entrepreneurship is increasingly regarded as a valuable life skill that goes beyond simply starting a business because it prepares a person to deal with an indefinite and unknown future, particularly in the business world. Entrepreneurship Views OLD Predictive Approach Follows a linear process (Following steps will lead to predictable results) Identify goals and search for available resources Common among well-established companies Entrepreneurs can easily and accurately predict changes in the business environment Entrepreneurship Views NEW Creation Approach Entrepreneurship as a minset and a method that needs practice in an unpredictable circumstances Goals are based on available resources on hand Begins with creation Gathering information from real business world in order to make predictions Entrepreneurship Views NEW Creation Approach Entrepreneurship as a minset and a method that needs practice in an unpredictable circumstances Goals are based on available resources on hand Begins with creation Gathering information from real business world in order to make predictions Entrepreneurship in the Philippines Entrepreneurship has emerged as a vital solution to increasing poverty rates by fostering employment opportunities, wealth creation, and social empowerment. The Cattle/Gypsy Caravan of Caboloan, Pangasinan  The Philippines The government's objective of 3 economic development and job information has been placed in the supervision of The 1987 Philippine the Philippine Development 1 Constitution, It identifies plan. entrepreneurship as an instrument of Over the years, the evolution economic growth. 4 of entrepreneurship has been influenced by fast integration Article XIl Section 1 of economies and 2 emphasized the role of globalization of market private enterprises in supporting fair distribution of The Philippine Chamber of income and wealth, satisfying 5 Commerce and Industry production of goods and formed the Philippine Center services and escalating for Entrepreneurship (PCE) productivity and this created the “Go Negosyo Communities” everywhere. In 2019, DTI recorded more than a million business enterprises in the country. 52% 20 PERSONAL PROSPERITY 15 27% PASSION 10 25% 5 MARKET NEED 0 Item 1 Item 2 Item 3 Source: https://dtinegosyocenter.online/ QUESTION: Why Filipinos do not become business owners or entrepreneurs? Reasons A 2019 survey by the Global Schools are not Entrepreneurship Network (GEN) shows that the following six (6) reasons are cited training as primary barriers to entrepreneurship worldwide: students to 1. Insufficient access to capital become 2. Inadequate skills and training 3. Weak support systems entrepreneurs 4. Regulatory and political issues 5. Difficulty accessing markets 6. Culture and personal mindset QUESTION: As a college student, what ways can you suggest to schools to build entrepreneurial mindset? Skills Important in ENTREPRENEURSHIP 1. THE SKILL OF PLAY 2. THE SKILL OF EXPERIMENTATION 3. THE SKILL OF EMPATHY 4. THE SKILL OF CREATIVITY 5. THE SKILL OF REFLECTION THE SKILL OF PLAY Allow your imagination to explore. Expose your mind to a treasure of opportunities, potentials and innovation. Challenge your creativity. THE SKILL OF EXPERIMENTATION Learn to ACT so you will LEARN. Learn from your attempts, then, structure what you have learned. THE SKILL OF EMPATHY Put yourself in someone’s shoes. Everything matters. (feelings, opinions, purposes, needs and wants) THE SKILL OF CREATIVITY Your creativity can dismiss fear and difficulties. Your goal is not just to discover or search for opportunities but to form them. Begin creating opportunities. THE SKILL OF REFLECTION Draw your conclusions through reflection. This will provide you new perspective. (can be Narrative, Emotional, Perspective, Analytical, Evaluative and Critical) TRUTHS ABOUT ENTREPRENEURS Entrepreneurship is not solely for start-ups. Entrepreneurs Do not have exceptional personality Qualities Entrepreneurship can be taught yet entails practice Entrepreneurs are not so many risk-takers Entrepreneurs work in partnership more than they complete Entrepreneurs are more on doing than planning Entrepreneurship is truly a life skill Thank You