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ENTREPRENEURSHIP SLIDE 1.pptx

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ENTREPRENEURSHIP SLIDE 1.pptx

  1. 1. ENTREPRENEURSHIP LOURDES ABELLON- SALVACION
  2. 2. LEARNING OUTCOMES: • Discuss the relevance of the course • Identify the different types of entrepreneurs • Explore job opportunities for Entrepreneurship as a career.
  3. 3. ENTREPRENEURSHIP o The act of creating a business or businesses while building and scaling it to generate a profit. o An important driver of economic growth and innovation. o What people do to take their career and dreams into their hands and lead it in the direction of their own choice. o About building a life on your own terms. No bosses. No restricting schedules. And no one holds you back.
  4. 4. ENTREPRENEUR o A person who sets up a business with the aim to make a profit and creates a new business, bearing most of the risks and enjoying most of the rewards. o The Term “entrepreneur” comes from the French word entreprendre which means to “undertake”
  5. 5. ENTREPRENEUR o An innovator, a source of new ideas, goods, services, and business or procedures. o Playing a key role in any economy, using the skills and initiative necessary to anticipate needs and bring good new ideas to market
  6. 6. TYPES OF ENTREPRENEUR 1. Megaentrepreneurs - Individuals who are willing to absorb huge risks of using enormous amounts of capital in their business ventures. 2. Microentrepreneurs - Individuals who are engaged in micro or small businesses as an alternative for real employment.
  7. 7. IMPORTANCE OF ENTREPRENEURSHIP 1. Entrepreneurship generates new wealth in an economy. 2. Entrepreneurship decreases poverty. 3. It creates opportunities, ensures social justice, instills confidence and stimulates the economy. 4. Entrepreneurship improves productivity.
  8. 8. IMPORTANCE OF ENTREPRENEURSHIP 5. Entrepreneurs create jobs. 6. Entrepreneurs innovate. 7. Entrepreneurs create innovation and social change. 8. Entrepreneurs give to society.
  9. 9. RELEVANCE OF ENTREPRENEURSHIP TO SHS STUDENTS 1. To prepare students for livelihood even before college. 2. Entrepreneurship education aids students from all socioeconomic backgrounds to think outside the box and nurture unconventional talents and skills. 3. Entrepreneurship develops their initiative and helps them to be more creative and self- confident in whatever they undertake and to act in a socially responsible way.
  10. 10. RELEVANCE OF ENTREPRENEURSHIP TO SHS STUDENTS 4. It exposes students to numerous opportunities to learn how to think critically and analyze the pieces on the board. 5.Being aware of all the important factors and seeing how they affect each other is the foundation of a smart decision-making process. 6. Students must be exposed to real-world examples and learn from their own experience.
  11. 11. RELEVANCE OF ENTREPRENEURSHIP TO SHS STUDENTS 7. Entrepreneurship education requires students to be innovative, creative, and collaborative with others. 8. Entrepreneurship education provides budding entrepreneurs with the skills and knowledge to come up with business ideas and develop their own ventures.
  12. 12. JOB OPPORTUNITIES FOR ENTREPRENEURSHIP AS A CAREER • Business Consultant • Sales • Research and Development • Not-for-profit fundraiser • Teacher • Talent recruiter • Business reporter • New venture creation • Career in existing entrepreneurial ventures
  13. 13. REASONS WHY MANY WOULD LIKE TO BECOME AN ENTREPRENEUR 1. Achievement, Challenge, & Learning 2. Independence & Autonomy – you can set your own goals, pick their own partners, and face the consequences of your decisions. 3. Income Security and Financial Success 4. Recognition and Status 5. Family 6. Dissatisfaction with Current work Arrangements 7. Community and Social Motivation
  14. 14. ASSESSMENT: Identification: Read carefully the statements below and identify whether this refers to Entrepreneurship or Entrepreneur. Write your answer in ¼ sheet of paper. 1. A person who undertakes the risk of starting a new business venture. 2. It is high-risk, but also can be high-reward as it serves to generate economic wealth, growth and innovation. 3. Creates a firm, which aggregates capital and labor in order to produce goods or services for profit. 4. It is an important driver of economic growth and innovation. 5. Creates a business plan, hire labor, acquire resources and financing, and provide leadership and management for the business.
  15. 15. Knight (1921) Having profit from bearing uncertainty and risk Schumpeter (1934) Carrying out new combinations of firm organization – new products, new services, new sources of raw material, and new methods of production, new market, and new forms of organization.
  16. 16. Hoselitz (1952) Uncertainty bearing…. Coordination of productive resources…. Introduction of innovations and provision of capital Cole (1959) Purposeful activity to initiate and develop a profit-oriented business
  17. 17. McClelland (1961) Taking moderate risk Shapero (1975) A kind of behaviour that includes: • Initiative taking • The organizing and reorganizing of social economic mechanisms to turn resources and situation to practical account • The acceptance of risk failure
  18. 18. Casson (1982) - Decisions and judgement about the coordination of scarce resources. Ronstadt (1984) Dynamic process of creating incremental wealth. The wealth is created by individuals who assume the major risks in terms of equity, time and/or career commitment of proving value for some products or service. The product or service itself may or may not be new or unique, but value must be somehow be infused by the entrepreneur by securing and allocating the necessary skills and resources.
  19. 19. Drucker (1985) -Behavior rather than personality trait. Its foundation lies in concept and theory rather than in intuition. Gartner (1985) Creation of new organization
  20. 20. Hisrich & Brush (1985) • Process of creating something new with value by devoting the necessary time and effort; assuming the accompanying financial, psychic and social risks and uncertainties, and receiving the resulting rewards of monetary and personal satisfaction.
  21. 21. Stevenson & Grousebeck (1989) • Pursuit of opportunity without regards to resources currently controlled. Hart, Stevenson & Dial (1995) Pursuit of opportunity without regards to resources currently controlled, but constrained by the founders’ previous choice and industry related experiences.
  22. 22. Is being a successful entrepreneur is one of your plans in life?
  23. 23. ASSIGNMENT • Direction: Analyze the given questions then answer it briefly in a one whole sheet of paper. 1. Evaluate the career opportunities you think are more appropriate for you. 2. Discuss some personal characteristics of the entrepreneurs today. Which of these do you consider more observable among Filipino entrepreneur.
  24. 24. THANK YOU!!!

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