Module-1-Nature-and-Importance-of-Entrepreneurs.docx

**ENTREPRENEURIAL BEHAVIOR** **COURSE CODE: ENT 01** **First Semester: Academic Year 2020 -- 2021** **COURSE DESCRIPTION:** This course covers the characteristics of entrepreneurs, and develops communication skills in order to become good negotiators and learn basic management and leadership ski...

**ENTREPRENEURIAL BEHAVIOR** **COURSE CODE: ENT 01** **First Semester: Academic Year 2020 -- 2021** **COURSE DESCRIPTION:** This course covers the characteristics of entrepreneurs, and develops communication skills in order to become good negotiators and learn basic management and leadership skills in identifying viable opportunities, methods of establishing a business, business valuation and managing the business systems of a small business. **PROGRAM OUTCOMES** A graduate of BS Entrepreneurship should be able to: 1. Conduct a self-assessment to determine the level of entrepreneurial competencies. 2. Analyze or scan the environment to determine business opportunities and develop their profitability profiles from which entrepreneurial ventures can be selected from. 3. Prepare a business plan 4. Mobilize the necessary human, financial, logistical, and technical resources to implement the business plan. 5. Prepare and comply with requirements for business operation. 6. Operate and manage the enterprise observing good governance and social responsibility. 7. Apply entrepreneurial management in any organization other than own enterprise. **ACKNOWLEDGEMENT:** We would like to thank the Quezon City University for affording us the un- imaginable opportunity to complete this module here, despite all the challenges which had fractured our efforts. We will not forget to thank our dean at the College of Entrepreneurship, Dr. Sheryl May E. Ramos, CPME, AMEd whom for without her patience, guidance, and understanding, we wouldn't have made it this far. We also remain grateful and thankful for all our family and friends whom have managed and guided us throughout the making of this module during this time. You all are special to us. Finally, and most importantly, a huge thank you to our Almighty God for all His Grace. **TABLE OF CONTENTS** +-----------------------+-----------------------+-----------------------+ | Module 1 | Nature and Importance | 1 | | | of | | | | Entrepreneurs........ | | | |..... | | +-----------------------+-----------------------+-----------------------+ | Module 2 | Entrepreneurial | 2 | | | Competencies......... | | | |..................... | | | |....... | | +-----------------------+-----------------------+-----------------------+ | Module 3 | Entrepreneurs | 3 | | | Behavior and | | | | Personality.......... | | | |.... | | +-----------------------+-----------------------+-----------------------+ | Module 4 | The Whole Brain | 4 | | | Model................ | | | |..................... | | | |..... | | +-----------------------+-----------------------+-----------------------+ | Module 5 | MBTI Assessment | 5 | | | Measure of Adaptive | | | | Cognition......... | | +-----------------------+-----------------------+-----------------------+ | Module 6 | Problem Solving | 6 | | | Strategies and | | | | Decision-Making | | | | Process... | | +-----------------------+-----------------------+-----------------------+ | Module 7 | The Entrepreneurial | 7 | | | and Intrapreneurial | | | | Mind................. | | | |....... | | +-----------------------+-----------------------+-----------------------+ | Module 8 | The Entrepreneurial | 8 | | | Leadership | | | | Styles............... | | +-----------------------+-----------------------+-----------------------+ | Module 9 | The Philippine | 9 | | | Environment for | | | | Entrepreneurship..... | | | |.......... | | +-----------------------+-----------------------+-----------------------+ | Module 10 | UNDP Sustainable | 10 | | | Development Goals | | | | (SDG's)...... | 11 | +-----------------------+-----------------------+-----------------------+ | Module 11 | Global Trends in | | | | Business and ASEAN | | | | Integration......... | | +-----------------------+-----------------------+-----------------------+ | | | | +-----------------------+-----------------------+-----------------------+ **NATURE AND IMPORTANCE OF ENTREPRENEURS** **MODULE 1** At the end of the module, you should be able to: 1. Explain the entrepreneurial decision process. 2. Define the meaning of an entrepreneur. 3. Classify the different development theories. **ICE BREAKER** - **The title;** - **the date;** - **repetition of title in body of essay;** - **"the"** - **"I"... usually** - **"for"** - **"a"** - **"an"** - **Unnecessary duplicates, such as "It was a very, very, very dark night." I\'ll give you one of those "very" entries.** - **Anything that is legitimately suitable to be removed by a qualified editor.** **["Discouraged yet Blessed: My Pandemic Story"]** ["COVID-19 is terrible & scary but God still blessed me with a woderful time for family."] Now, it's time to create your own story. "\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_" \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ **INTRODUCTION:** **Who is an entrepreneur? What is Entrepreneurship? What is an entrepreneurial career path? These frequently asked questions reflect the increased national and international interest in entrepreneurs by individuals, university professors and students, and government officials. In spite of all this interest, a concise, universally accepted definition has not yet emerged. The development of the theory of entrepreneurship parallels to a great extent the development of the term itself. The word entrepreneur is French and, literally translated, means "between- taker" or "go-between".** **The earliest Period An early example of the earliest definition of an entrepreneur as a go-between is Marco Polo, who attempted to establish trade routes to the Far East. As a go-between, Marco polo would sign a contract with a money person (forerunner of today's venture capitalist) to sell his goods. A common contract during this time provided a loan to the merchant--adventure at a 2205percent rate, including insurance. While the capitalist was a passive risk bearer, the merchant-adventure took the active role in trading, bearing all the physical and emotional risks. When the merchant- adventurer successfully sold the goods and completed the trip, the profits were divided with the capitalist taking most of them (up to 75 percent), while the merchant-adventurer settled for the remaining 25 percent.** **Definition of Entrepreneur Today Entrepreneur is a loanword from French. It is defined as an individual who organizes or operates a business or businesses. In almost all of the definitions of entrepreneurship, there is agreement that we are talking about a kind of behavior that includes: (1) initiative taking, (2) the organizing and reorganizing of social and economic mechanisms to turn resources and situations to practical account, (3) the acceptance of risk or failure.** **Indeed, millions of ventures are formed despite recession, inflation, high interest rates, lack of infrastructure, economic uncertainty, and the high probability of failure. Each of these ventures is formed through a very personal human process that, although unique, has some characteristics common to all. While some ventures result from specific circumstances many entrepreneurs follow the entrepreneurial decision process which entails a movement, from something to something- a movement from a present lifestyle to forming a new enterprise** **LESSON PROPER:** **A copy of the presentation will be given via shared folder in Google Drive for your reference of the whole topic.** **See:** **[[https://bit.ly/33QeECx]](https://bit.ly/33QeECx) /** **[[https://bit.ly/3ir8Hjs]](https://bit.ly/3ir8Hjs) /** [**[https://bit.ly/33MZxtH]**](https://bit.ly/33MZxtH) **ACTIVITIES/SEATWORK:** 1. **Watch at least 2 videos about the testimonies of successful entrepreneurs in Youtube.** 2. **Write a three-paragraph reflection paper about your takeaways from the videos that you watched to be submitted next meeting. Choose one personality for local and one for foreign.** **See: Top 5 Entrepreneurship Lessons From Most Successful Entrepreneurs \|Life Lessons \| Startup Stories** [[https://www.youtube.com/watch?v=e1rEHiuDtuc]](https://www.youtube.com/watch?v=e1rEHiuDtuc) **See: Successful people and their stories of inspiration \| Powerhouse**  [[https://www.youtube.com/watch?v=RT-eOK0Fjtw]](https://www.youtube.com/watch?v=RT-eOK0Fjtw) 3. **Create your own 2-minute video about something unique trait in you that will make you a great entrepreneur in the future. Submit it next meeting via LMS.** **MODULE SUMMARY:** **The most important lesson we can get from this module is the vital role of the entrepreneurs in our economy. Not just in economy, as well as the welfare of people in all aspects of their lives. As a review, here are the 9 major roles of entrepreneurs.** **The major role played by an entrepreneur in the economic development of an economy is discussed in a systematic and orderly manner as follows:** 1. 2. 3. 4. 5. 6. 7. 8. 9. **ASSESSMENT:** **Direction: Answer all the questions below. A total of 15 items.** 1. **In your own opinion, what do we mean by Entrepreneurship and Entrepreneur? (5 Points)** 2. **Classify the different developmental theories according to the discussion and choose at least 2. Explain each. (10 points)** **REFERENCES:** **E-books:** 1. [[https://bit.ly/33QeECx]](https://bit.ly/33QeECx) 2. [[https://bit.ly/3ir8Hjs]](https://bit.ly/3ir8Hjs) **Online:** 1. [**[https://bit.ly/33MZxtH]**](https://bit.ly/33MZxtH) Prepared by: **JOHN REY DORMENTES NORA B. NAVARETTE** Lecturer Lecturer Checked by: **MS. GERALDINE S. ADLAWON** Chairperson, College of Entrepreneurship Noted by: **DR. SHERYL MAY E. RAMOS** **Acting- Dean College of Entrepreneurship** **DR. GLENDA A. REBUCAS** Acting - Vice President for Academic Affairs Date: June 3, 2020