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    Introduction To Entrep Session 2

    Uploaded by

    Mae
    The document discusses entrepreneurship and related concepts. It states that entrepreneurship means "to undertake" and entrepreneurs are innovative. It also lists common competencies of entrepreneurs like being decisive, a communicator, leader, opportunity seeker, proactive, risk taker, and innovative. The core competencies in entrepreneurship include it being an economic activity, entrepreneurs being innovative, and having profit potential by bearing risks. Personality and environmental factors can affect entrepreneurship. Different types of entrepreneurs are discussed like innovative, imitating, fabian, drone, and social entrepreneurs. Career opportunities for those studying entrepreneurship include business consultant, teacher, researcher, sales, and business reporter.

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    Introduction To Entrep Session 2

    Uploaded by

    Mae
    8 views22 pages
    The document discusses entrepreneurship and related concepts. It states that entrepreneurship means "to undertake" and entrepreneurs are innovative. It also lists common competencies of entrepreneurs like being decisive, a communicator, leader, opportunity seeker, proactive, risk taker, and innovative. The core competencies in entrepreneurship include it being an economic activity, entrepreneurs being innovative, and having profit potential by bearing risks. Personality and environmental factors can affect entrepreneurship. Different types of entrepreneurs are discussed like innovative, imitating, fabian, drone, and social entrepreneurs. Career opportunities for those studying entrepreneurship include business consultant, teacher, researcher, sales, and business reporter.

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    Introduction-to-Entrep-session-2

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    The document discusses entrepreneurship and related concepts. It states that entrepreneurship means "to undertake" and entrepreneurs are innovative. It also lists common competencies of entrepreneurs like being decisive, a communicator, leader, opportunity seeker, proactive, risk taker, and innovative. The core competencies in entrepreneurship include it being an economic activity, entrepreneurs being innovative, and having profit potential by bearing risks. Personality and environmental factors can affect entrepreneurship. Different types of entrepreneurs are discussed like innovative, imitating, fabian, drone, and social entrepreneurs. Career opportunities for those studying entrepreneurship include business consultant, teacher, researcher, sales, and business reporter.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    8 views22 pages

    Introduction To Entrep Session 2

    Uploaded by

    Mae
    The document discusses entrepreneurship and related concepts. It states that entrepreneurship means "to undertake" and entrepreneurs are innovative. It also lists common competencies of entrepreneurs like being decisive, a communicator, leader, opportunity seeker, proactive, risk taker, and innovative. The core competencies in entrepreneurship include it being an economic activity, entrepreneurs being innovative, and having profit potential by bearing risks. Personality and environmental factors can affect entrepreneurship. Different types of entrepreneurs are discussed like innovative, imitating, fabian, drone, and social entrepreneurs. Career opportunities for those studying entrepreneurship include business consultant, teacher, researcher, sales, and business reporter.

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    FACT OR BLUFF

    Entrepreneurship means “to undertake” FACT

    Entrepreneurs are innovative FACT


    Entrepreneurship is not an economic BLUFF
    activity
    Entrepreneurship can improve the life of BLUFF
    the entrepreneur only
    FACT OR BLUFF

    Entrepreneurship will lead to the creation of FACT


    organizations.

    An entrepreneur is not a “Risk Taker” BLUFF


    COMMON COMPETENCIES
    DECISIVE
    COMMUNICATOR
    LEADER
    OPPORTUNITY SEEKER
    PROACTIVE
    RISK TAKER
    INNOVATIVE
    CORE COMPETENCIES

    is a set of skills and knowledge that an individual or


    organization possesses that gives them a competitive
    advantage over others .
    Core Competencies in Entrepreneurship
    1. ECONOMIC AND DYNAMIC ACTIVITY

    Entrepreneurship is an economic activity


    because it involves the creation and operation
    of an enterprise with a view to creating value
    or wealth by ensuring optimum utilization of
    limited resources.
    Core Competencies in Entrepreneurship
    2. INNOVATIVE

    The entrepreneur constantly looks for new


    ideas, thus he needs to be creative.
    Core Competencies in Entrepreneurship
    3. PROFIT POTENTIAL

    The entrepreneur can be compensated by


    his profit coming from the operation.
    Core Competencies in Entrepreneurship
    4. RISK BEARING

    The entrepreneur needs to gamble but wise


    enough to offset the risk.
    FACTORS AFFECTING ENTREPRENEURSHIP
    PERSONALITY FACTORS WHICH INCLUDE:
    INITIATIVE- doing things even before being told
    PROACTIVE- he can classify opportunities & seize it.
    PROBLEM SOLVER- he can retain good relations with
    other people
    PERSEVERANCE- he will pursue things to get done
    regardless of challenges.
    FACTORS AFFECTING ENTREPRENEURSHIP
    PERSONALITY FACTORS WHICH INCLUDE:
    PERSUASION- means that he can entice people to buy even
    if they don’t want to.
    A PLANNER- he makes plans before doing things and does
    not fail to monitor it.
    RISK TAKER- which means that he is willing to gamble
    but will calculate it first.
    FACTORS AFFECTING ENTREPRENEURSHIP
    ENVIRONMENTAL FACTORS
    -which include political, climate, legal system,
    economic and social conditions and market
    situations.
    TYPES OF ENTREPREANEUR
    1. INNOVATIVE ENTREPRENEURS

    They are those who always make new


    things by thinking of new ideas. They have the
    ability to think newer, better and more
    economical ideas
    TYPES OF ENTREPREANEUR
    2. IMITATING ENTREPRENEURS

    They are those who don’t create new


    things but only follow the ideas of other
    entrepreneurs.
    TYPES OF ENTREPREANEUR
    3. FABIAN ENTREPRENEURS

    They are skeptical about changes to be


    made in the organization. They don’t initiate
    but follow only after they are satisfied.
    TYPES OF ENTREPREANEUR
    4. DRONE ENTREPRENEURS

    They are those who live on the labor of


    others. They are die-hard conservatives even
    ready to suffer the loss of business.
    TYPES OF ENTREPREANEUR
    5. SOCIAL ENTREPRENEURS

    They are those who initiate changes and


    drive social innovation and transformation in
    the various fields such as education, health,
    human rights, environment and enterprise
    development.
    CAREER OPPORTUNITIES FOR
    ENTREPRENEURSHIP
    1. BUSINESS CONSULTANT
    -with the expertise of in the field of
    entrepreneurship, he can be a very good source
    of advices to other entrepreneurs and would be
    business men.
    CAREER OPPORTUNITIES FOR
    ENTREPRENEURSHIP
    2. TEACHERS
    -a graduate of an entrepreneurship can use
    his knowledge in teaching.
    CAREER OPPORTUNITIES FOR
    ENTREPRENEURSHIP
    3. RESEARCHER
    -the entrepreneur can be employed as a
    researcher by an enterprise.
    CAREER OPPORTUNITIES FOR
    ENTREPRENEURSHIP
    4. SALES
    -theentrepreneurship graduate can apply as a
    salesman.
    CAREER OPPORTUNITIES FOR
    ENTREPRENEURSHIP
    5. BUSINESS REPORTER
    -the entrepreneur being expert in the field,
    can be employed as a business reporter.

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