Introduction to

Entrepreneurship
RUENA L. LAURITO
Teacher II/Designate Guidance Counselor
OBJECTIVES:
• discuss the relevance of the course;
• explain the key concepts of common competencies;
• explain the core competencies in Entrepreneurship; and
• explore job opportunities for Entrepreneurship as a career
 Introduction to
Entrepreneurship
CONTENT:
RELEVANCE OF ENTREPRENEURSHIP TO AN ORGANIZATION
Concept of Entrepreneurship
Core Competencies in Entrepreneurship
 Career Opportunities of Entrepreneurship
 PRETEST

Instruction: Read the statements carefully then write True if the statement is
correct & write False if you think the statement is not correct.
1. Entrepreneur means “to undertake.”

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 entrepreneur only.
 RELEVANCE OF ENTREPRENEURSHIP TO AN
ORGANIZATION

1. Development of Managerial Capabilities - this means that one of the benefits

an entrepreneur gets is to develop his managerial skills.

2. Creation of Organizations - which means that because of entrepreneurship

many organizations will exist.

3. Improving Standard 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.
 Concept of Entrepreneurship
The word “entrepreneur” was derived from the French verb
enterprendre, which means “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.
 Concept of Entrepreneurship
Factors Affecting Entrepreneurship

1. Personality Factors which include:

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.

c.Perseverance - meaning he will pursue things to get done regardless of challenges.

d. Persuasion - means that he can entice people to buy even if they don’t want to.

e. A Planner - he makes plans before doing things and does not fail to monitor it.

f. Risk-taker - which means that he is willing to gamble but he will calculate it first.

2. Environmental Factors which include political, climate, legal system, economic and social conditions and
market situations.
 Concept of Entrepreneurship
Common Competencies in Entrepreneurship

1. Decisive - an entrepreneur must be firm in making decisions.

2. Communicator - 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 see business chances.

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.
 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.

2. Innovative – The entrepreneur constantly looks for new ideas, thus he needs to
be creative.

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.
 Career Opportunities of
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.

2. Teacher - a graduate of an entrepreneurship can use his knowledge in teaching.

3. Researcher - the entrepreneur can be employed as a researcher by an

enterprise.
4. Sales - the entrepreneurship graduate can apply as a salesman.

5. Business Reporter - the entrepreneur being expert in the field, can be employed
as a business reporter.
 Career Opportunities of
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.

2. Teacher - a graduate of an entrepreneurship can use his knowledge in teaching.

3. Researcher - the entrepreneur can be employed as a researcher by an

enterprise.
4. Sales - the entrepreneurship graduate can apply as a salesman.

5. Business Reporter - the entrepreneur being expert in the field, can be employed
as a business reporter.
 ASSESSMENT
Now, let us check what you have learned. Answer the questions given below by
encircling the letter of the correct answer.
1. The entrepreneurs who create new ideas are called ______________.
a. Innovative c. Fabian
b. Imitating d. Drone

2. The entrepreneur who lives on the labor of others is called __________.

a. Drone c. Imitating
b. Fabian d. Innovative

3. These are entrepreneurs who are to follow the path shown by innovative entrepreneurs.
a. Innovative c. Social Entrepreneurs
 ASSESSMENT
4. Which of the following does not belong to the group?
a. Skills management c. Conduct research
b. Risk taking d. Make no changes with his product

5. Entrepreneur means:
c. Risk taker c. To research
d. To undertake d. To improve standard of living

6. It is a personality factor which means “doing things even before being told.”
e. proactive c. persuasion
f. perseverance d. initiative

7. It is a personality factor which means convincing customers to buy the product.

g. Proactive c. Self-confidence
h. Persuasion d. Risk-taker
 ASSESSMENT
8. Which of the choices is NOT part of the environmental factors?
a. Political
b. Weather condition
c. Climate
d. Family background of the manager

9. All except one does NOT belong to the group. Which one is it?
e. Unfair trade practices c. Political protest
f. Strikes d. Product

10. The entrepreneur who is skeptical about the changes in the company is called
g. Fabian c. Drone
h. Social entrepreneur d. Imitating
 Additional Activities
Activity 5. Research Me

Research on the life story of at least three (3)

entrepreneurs in your locality; identify how they started
their business. Ask how much was their start-up capital.