ENTREPRENEURSHIP

1. Discuss the relevance

t i v e s
O b j ec of the course.
2. Explain the key concepts
of common competencies.

3. Explain the core competencies

in Entrepreneurship.
Entrepreneurship
 OUR IDEA? REGARDING THE DEFINITION YOU WROTE DOWN ON
WHAT’S Y THE BOARD, WHAT IS THE MEANING OF
ENTREPRENEURSHIP?

DO YOU AGREE THAT “ENTREPRENEURSHIP WILL

TRANSFORM LEARNERS TO BE INNOVATORS? “WHY
OR WHY NOT?”

DO YOU HAVE ANY NAMES OF ENTREPRENEURS

IN YOUR MIND?
Introduction
The Philippines is a haven for the
development of entrepreneurs. In the age
of Globalization, the small and medium
businesses explore the wide area of
business that will help them employ more
people and use the resources of people’s
talent and ingenuity.
Introduction
This course will help you to think like an
entrepreneur. It will also enhance your
desire to be an employer rather than
employee. And here are the benefits:
 Evaluate Discovery of
feasibility of ideas entrepreneurial innovators
who also have the
BENEFITS TO YOU competence and edge to
start their own businesses
Consider Classify individual Analyze
ethical and Write a micro
entrepreneurial ownership
legal business business plan
interest structures
practice

Apply basic Convert threats

marketing into
acumen opportunities

Determine Adaptation of concepts

legitimate sources and strategies for idea
of resources generation
 ES S OF
S EF UL N DEVELOPS SKILLS IN STARTING UP A BUSINESS
U T O
OU R SE DEMONSTRATE SKILLS IN MAINTAINING BUSINESS
THE C
D ENT S IN LONG TERM BASIS
E S TU
TH ENHANCES KNOWLEDGE OF BUSINESS OPERATIONS
AND EXPANSIONS
FINDS NEXT LEVEL OF TRAINING OR ACCESS
OTHER RESOURCES AND SERVICES
DEMONSTRATES BUSINESS MANAGEMENT
 ES S OF
S EF UL N USES COMPONENTS OF A BUSINESS PLAN
U T O
OU R SE
THE C DEMONCONSIDERS TO BECOME EMPLOYER RATHER
D ENT S
E S TU THAN EMPLOYEE
TH
CHANGES ATTITUDE TOWARDS ENTREPRENEURSHIP AS
A MEANS OF MAKING A LIVING.

CHANGES IN PERSONAL AND CAREER ATTITUDES

INCLUDING:
 ES S OF
S EF UL N -COMMUNICATION
U T O
OU R SE -SELF-ACTUALIZATION
THE C -ABILITY TO MANAGE ONE’S OWN LIFE
D ENT S
E S TU -SELF CONCEPT AND AWARENESS
TH -PROBLEM SOLVING
-SELF MANAGEMENT/PERSONALITY RESPONSIBILITY
-COLLABORATION/NETWORKING
-MOTIVATION
-CREATIVITY
-TEAMWORK
Concepts 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.
 Concepts of
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.
 e c t i n g
r s a f f i p
Fa c t o e u r s h
e p r e n
En t r
 1. PERSONALITY
FACTORS WHICH
Initiative - doing INCLUDE:
things even before
being told. Proactive - which
means he can
classify
opportunities and
seize it
 1. PERSONALITY
Problem Solver - FACTORS WHICH
which means he can INCLUDE:
retain good Perseverance -
relations with meaning he will
other people. pursue things to get
done regardless of
challenges
 1. PERSONALITY
Persuasion - means FACTORS WHICH
that he can entice INCLUDE:
people to buy even A Planner - he
if they don’t want makes plans before
to. doing things and
does not fail to
monitor it.
 1. PERSONALITY
FACTORS WHICH
INCLUDE:
Risk-taker - which
means that he is
willing to gamble
but he will
calculate it first.
2. ENVIRONMENTA
L FACTORS
WHICH INCLUDE PO
LITICAL,
CLIMATE, LEGAL S
YSTEM,
ECONOMIC AND SO
CIAL
CONDITIONS AND M
ARKET
SITUATIONS.
 Common Competencies in Entrepreneurship

an entrepreneur must be
1
firm in making decisions Decisive

an entrepreneur must
2 have a convincing
power. Communicator

an entrepreneur must
3 have the charisma to be
obeyed by his Leader
employees.
 Common Competencies in Entrepreneurship

an entrepreneur must have

Opportunity- seeker
4 the ability to be the first to
see business chances.
an entrepreneur can control
5
a situation by making things Proactive
happen or by preparing for
possible future problems.

6
an entrepreneur has the
courage to pursue Risk Taker
business ideas.
 Common Competencies in Entrepreneurship

Innovative

the entrepreneur has big

7 business ideas and he does
not stop improving and
thinking of new worthwhile
ideas for his business.
Entrepreneurship is an economic
CORE COMPENTENCIES The entrepreneur can be
activity because it involves the compensated by his profit
creation and operation of an coming from the operation.
enterprise with a view to creating Economic and
value or wealth by ensuring optimum Dynamic Profit
utilization of limited resources. Activity Potential

Innovative Risk bearing

The entrepreneur constantly looks The entrepreneur needs to

for new ideas, thus he needs to be gamble but wise enough to
creative. offset the risk.
Processing
Questions!
1. What is the importance of understanding Entrepreneurship?
2. What are the differences between business man and
entrepreneur?
3. What are the Entrepreneurial competencies an entrepreneur
must have?
4. What are the core competencies in Entrepreneurship?
Assessment 1 – board work
1. Write down at least 10 qualities that you possess as a business student.

2. Among these qualities, rank them with 1 as the highest or strongest quality and 10
as the lowest or weakest quality.

3. What are the entrepreneurial competencies that you need to have to become a
successful entrepreneur?