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Quarter1–Module1 Introduction to Entrepreneurship

The document provides an introduction to entrepreneurship, highlighting its relevance to organizations, including the development of managerial capabilities and economic improvement. It discusses the characteristics and competencies of successful entrepreneurs, such as being innovative, decisive, and risk-takers. Additionally, it outlines potential career opportunities in entrepreneurship and includes activities for self-assessment and interviews with successful entrepreneurs.

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nick andrew rumbines
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6 views22 pages

Quarter1–Module1 Introduction to Entrepreneurship

The document provides an introduction to entrepreneurship, highlighting its relevance to organizations, including the development of managerial capabilities and economic improvement. It discusses the characteristics and competencies of successful entrepreneurs, such as being innovative, decisive, and risk-takers. Additionally, it outlines potential career opportunities in entrepreneurship and includes activities for self-assessment and interviews with successful entrepreneurs.

Uploaded by

nick andrew rumbines
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PPTX, PDF, TXT or read online on Scribd
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QUARTER1–MODULE1

INTRODUCTION TO
ENTREPRENEURSHIP
Entrepreneurship
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
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.
d. Perseverance - meaning he will pursue things to
get done regardless of challenges.
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.
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. Innovative – The entrepreneur constantly looks for


new ideas, thus he needs to be creative.
2. Profit Potential - The entrepreneur can be
compensated by his profit coming from the operation.
3. Risk bearing – The entrepreneur needs to gamble
but wise enough to offset 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.
Activity 3. Self- Assessment Direction: Find out if you have the qualities of
an entrepreneur. Put a check mark on the column that identifies whether
you have the qualities of an entrepreneur or not.
Interpretation: If you have more YES than NO, you
have the qualities of an entrepreneur.
Activity 4. Interview the Known
Choose three successful entrepreneurs in your
community or nearby places and conduct an interview
using the guide questions below. Discuss the result of
your interview to your teacher.
1. What motivated you to become an entrepreneur?
2. What do you think are your characteristics and
competencies that made you a successful entrepreneur?
3. What do you think of being employed? Why you did
not choose that path?
a
a
a
a
a
a
a

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