ENTREPRENEURSHIP REVIEWER
2nd SEMESTER – MIDTERMS Topic: Entrepreneurship
4. Means of Economic Development
CONCEPT OF ENTREPRENEURSH
this means that not only the life of the
Entrepreneur entrepreneur is improved but also the society
Derived from the French verb “entreprende” where the business is located
which means to undertake or to do
something. FACTORS AFFECTING
ENTREPRENEURSHIP
Enterprise
Created by an entrepreneur 1. Personality Factors
Also called ventures
a. Initiative - doing things even before being
Entrepreneur told.
Person practicing entrepreneurship
b. Proactive - which means he can classify
Entrepreneurship opportunities and seize it.
Process
Refers to a particular field of practice or c. Problem Solver - which means he can retain
process good relations with other people.
d. Perseverance - meaning he will pursue
According to The American Heritage Desk
things to get done regardless of challenges.
Dictionary
an entrepreneur as person who organizes, e. Persuasion - means that he can entice people
operates, and assumes the risk of business to buy even if they don’t want to.
ventures.
f. A Planner - he makes plans before doing
things and does not fail to monitor it.
IT IS ENCOURAGED BY THE
ECONOMY BECAUSE: g. Risk-taker - which means that he is willing
to gamble but he will calculate it first.
it provides a lot of opportunities for the
unemployed people 2. Environmental Factors
increase per capita income which include political, climate, legal
improve standard of living and increase individual system, economic and social conditions and
savings market situations.
provide revenue to the government in the form of
income tax, value added tax, export duties, import COMMON COMPETENCIES IN
duties, balanced regional development ENTREPRENEURSHIP
RELEVANCE OF ENTREPRENEURSHIP 1. Decisive
an entrepreneur must be firm in making
TO AN ORGANIZATION
decisions.
1. Development of Managerial Capabilities
2. Communicator
this means that one of the benefits an
an entrepreneur must have a convincing
entrepreneur gets is to develop his
power.
managerial skills.
3. Leader
2. Creation of Organizations
an entrepreneur must have the charisma to be
which means that because of
obeyed by his employees.
entrepreneurship many organizations will
exist. 4. Opportunity Seeker
an entrepreneur must have the ability to be
3. Improving Standard of Living
the first to see business chances
this means that entrepreneurship can lift up
the economic status of an individual.
ENTREPRENEURSHIP REVIEWER
2nd SEMESTER – MIDTERMS Topic: Entrepreneurship
5. Proactive 4. Drone Entrepreneurs
an entrepreneur can control a situation by They are those who live on the labor of
making things happen or by preparing for others.
possible future problems. They are die-hard conservatives even ready
to suffer the loss of business.
6. Risk Taker
an entrepreneur has the courage to pursue 5. Social Entrepreneurs
business ideas. They are those who initiate changes and
drive social innovation and transformation in
7. Innovative the various fields such as education, health,
the entrepreneur has big business ideas and human rights, environment and enterprise
he does not stop improving and thinking of development.
new worthwhile ideas for his business
CAREER OPPORTUNITIES OF
CORE COMPETENCIES IN
ENTREPRENEURSHIP
ENTREPRENEURSHIP
1. Business Consultant
1. Economic and Dynamic Activity with the expertise of in the field of
Entrepreneurship is an economic activity entrepreneurship, he can be a very good
because it involves the creation and operation source of advices to other entrepreneurs and
of an enterprise with a view to creating value would be business men.
or wealth by ensuring optimum utilization of
limited resources. 2. Teacher
a graduate of an entrepreneurship can use his
2. Profit Potential knowledge in teaching.
The entrepreneur can be compensated by his
profit coming from the operation. 3. Researcher
the entrepreneur can be employed as a
3. Innovative researcher by an enterprise.
The entrepreneur constantly looks for new
ideas, thus he needs to be creative. 4. Sales
the entrepreneurship graduate can apply as a
4. Risk Bearing salesman.
The entrepreneur needs to gamble but
wise enough to offset the risk. 5. Business Reporter
the entrepreneur being expert in the field, can
be employed as a business reporter.
TYPES OF
ENTREPRENEURS
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.
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
