Introduction To Entrepreneurship Modules 1

to
Entrepreneurs
hip
MODULE 1
GIVE THE DEFINITION OF THE FOLLOWING WORDS
1. COMPETITION
2. GOVERNMENT
3. EMPLOYEES
4. SUBSTITUTE PRODUCTS
5. PERCEPTIONS
6. GEOGRAPHIC SEGMENTATION
7. VALUE PROPOSITION
8. UNIQUE SELLING PROPOSITION
9. MARKET RESEARCH
10. SOCIAL CLASS
GUIDE QUESTIONS
1. What problem is raised in the
article?
2. Do you feel anxiety and
loneliness during the quarantine?
How do you cope up with your
mental health during the
quarantine period?
3. What are your insights about
the article?
OBJECTIVES
1. Discuss the relevance of the course

2. Explain the key concepts of common
competencies;
3. Explain the core competencies in
Entrepreneurship;and
4. Explore job opportunities for
Entrepreneurship as a career.
2. Entrepreneurship is a process of actions of an
entrepreneur who is always in search of
opportunities.
3. The greatest significance of entrepreneurship is to
help identify and develop the managerial capabilities
of entrepreneurs.
4. Entrepreneurship will lead to the creation of
organizations.
5. Entrepreneurship can improve the life of the
entrepreneurs only.
6. Coward people will become successful
entrepreneurs.
7. An entrepreneur is a “Risk Taker”
8. Entrepreneurship is not an economic activity.
9. Entrepreneurs are innovative.
10.The entrepreneur could easily see the results of his
efforts.
What is an
Entrepreneur?
What is
Entrepreneurship?
The word “entrepreneur” was derived from
the French verb enterprendre, which
means to “to undertake”.
This is pinpointing to those who “undertake”
the risk of enterprise. The enterprise is
created by an entrepreneur and the process
is called “Entrepreneurship”
Entrepreneurs are innovators. They are
willing to take the risks and generate unique
ideas that can provide profitable solutions to
the needs of the market and the society
ENTREPRENEUR
 Is an individual who
ENTREPRENEURSHI undertakes the risk
P associated with creating,
 The process of starting and organizing, and owning a
running one’s own business business.
 Is an art of turning an idea  A person who starts a new
into a business. venture, taking initiative
and risk.
Entrepreneurship vs
Entrepreneurs
1. Development of Managerial Capabilities- this means
that one of the benefits an entrepreneur gets is to
develop its managerial skills.
2. Creation of Organizations- which means that
because of entrepreneurship many organizations will
exist.
3. Improving Standards of Living- this means that
entrepreneurship can lift up the economic status of
an individual.
4. Means of Economic Development- this means that
not only the life of the entrepreneur is improved but
also the society where the business is located.
Relevance of Entrepreneurship to an
Organization
1. PERSONALITY FACTORS
A. Initiative- doing things even before
being told.
B. Proactive- which means he can classify
opportunities and seize it.
C. Problem Solver- which means he can
retain good relations with other people.
D. Perseverance- meaning he will pursue
things to get done regardless of
challenges.
Factors Affecting
Entrepreneurship
E. Persuasion- means that he can
entice people to buy even if they
don’t want to.
F. A Planner- he makes plans before
doing things and does not fail to
monitor it.
G. Risk-taker- which means that he is
willing to gamble but he will calculate
it first.
Factors Affecting
Entrepreneurship
2. Environmental Factors which
includes political, climate, legal
system, economic and social
conditions and market situations.
Factors Affecting
Entrepreneurship
1. Decisive- an entrepreneur must be firm
in making decisions.
2. Comunicator- an entrepreneur must
have a convincing power.
3. Leader- an entrepreneur must have the
charisma to be obeyed by his
employees.
4. Opportunity seeker- an entrepreneur
must have the ability to be the first to
Common
see Competencies
business chances. in
Entrepreneurship
5. Proactive- an entrepreneur can
control a situation by making things
happen or by preparing for possible
future problems.
6. Risk Taker- an entrepreneur has the
courage to pursue business ideas.
7. Innovative- the entrepreneur has big
business ideas and he does not stop
improving and thinking of new worthwhile
ideas for his business.
Common Competencies in
Entrepreneurship
1. Economic and Dynamic Activity-
Entrepreneurship is an aconomic activity
because it involves the creation and
operation of an enterprise with a view to
creating values or wealth by ensuring
optimum utilization of limited resources.
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.
4. Risk bearing- The
entrepreneur needs to gamble
but wise enough to offset the
risk.
Core Competencies in
Entrepreneurship
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.
2. Imitating Entrepreneurs- They are
those who don’t create new things but
only follow the ideas of other
entrepreneurs.
TYPES OF
ENTREPRENEURS
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.
4. Drone Entrepreneurs- They are
those who live on the labors of others.
They are die-hard conservatives even
ready to suffer the loss of business
TYPES OF
ENTREPRENEURS
5. Social Entrepreneurs- They are who
initiate changes and drive social
innovation and transformation in the
various fields such as education, health,
human rights, environment and
enterprise development.
TYPES OF
ENTREPRENEURS
1. Business Consultant- with the expertise in the
field of entrepreneurship, he can be a very good
source of advices to other entrepreneurs and would
be businessmen.
2. Teacher- a graduate of an entrepreneurship can
use his knowledge in teaching.
3. Researcher- the entrepreneur ca n be employed
as a researcher by an enterprise.
4. Sales- the entrepreneurship graduate can apply
as a salesman.
5. Business Reporter- the entrepreneur being an
expert in the field, can be employed as a business
Career Opportunities of
Reporter.
Entrepreneurship
ARRANGE THE SCRAMBED LETTERS TO
FORM A CORRECT WORD.
1. PSIERSPLU 6.UTSBETIUST
2. NISSUBES 7. ICEVERS
3. KERTAM 8.
PECITIONMTO
4. EDICRRSTO 9. IMCLTEA
5. SUTEMOSRC 10.
NTERTSAN

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1. Discuss the relevance of the course

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