Week 1 2 Lesson 1 Introduction To Entrepreneurship
Week 1 2 Lesson 1 Introduction To Entrepreneurship
Week 1 2 Lesson 1 Introduction To Entrepreneurship
Entrepreneurship
Agenda
01 THE CONCEPT OF ENTREPRENEURSHIP
What is Entrepreneurship?
According to Economists.....
An entrepreneur is willing to bear and take the risk of creating a new venture
if there is a substantial potential for growth and profit.
Businessman VS Entrepreneur
Businessman Entrepreneur
A businessman is an individual who operates or An entrepreneur is an individual with an
starts a business with the same old business Definition
exclusive idea to initiate and establish a new
idea.
Makes his place in the market Market Market Player
PEOPLE CENTERED
Entrepreneural Competencies
Integrity- an entrepreneur has a positive sense of values and personal beliefs.
Conceptual Thinking- an entrepreneur is prepared to use new approaches and comes up
with new ideas that may enhance work.
Risk Taking- an entrepreneur understands that risk taking means trying to anticipate
future problems thus solve new problems that may arise in the business organization.
Networking/Collaboration - the entrepreneur understands that networking can provide
access to information, collaboration and profits; and that careful planning and
preparation help achieve desired results.
Strategic Thinking- the entrepreneur understands that thinking using strategies can help
achieve goals in the organization.
Entrepreneural Competencies
Commercial Aptitude- developments in the locality; seeks out best practice; and identifies
and determines opportunities that are not common to others.
Decisiveness- unavoidable situation and responds flexibly to deal with changing priorities set
by the upper authorities.
Optimism- the entrepreneur persists in pursuing goals despite hindrances and problems;
performs in the hope of success rather than fear of failures; and manages difficult
situation.
Customer Relation Service- the entrepreneur develops and builds trust and long-term
relationships with customers; collates an expectation of high level of customer service; and
maintains regularly exceeds customer expectation.
People Centered- they build the total capability of the people involved. They always consider
the principles of inclusiveness in planning and dealing with others.
CHARACTERISTICS OF AN ENTREPRENEUR
DECISION-MAKING PERSEVERANCE
Entrepreneurship as a Career
essay activity
Prepare 1/2 crosswise yellow paper