The learners... 1. Discuss the relevance of the course; 2. Explain the key concepts of common competencies; 3. Explain the core competencies in Entrepreneurship; and 4. Explore job opportunities for Entrepreneurship as a career.

1. Relevance of
the Course
E N T R E P R E N E U R S H I P

2. LEARNING OBJECTIVES
▪ After going through this module, you are expected to:
▪ define entrepreneurship, entrepreneur, and enterprise
▪ distinguish entrepreneur from a businessman
▪ identify misconceptions on entrepreneurship
▪ explain the compounded benefits of entrepreneurship to the Filipino
people, local community, and to the Philippine economy

3. PRE-ASSESSMENT
Write TRUE if the statement is correct or FALSE if the statement is incorrect.
1. All businesspeople are entrepreneurs.
2. Acquiring sufficient knowledge in entrepreneurial principles equips you to
maximize entrepreneurial opportunities.
3. Learning various concepts and principles of Entrepreneurship can certainly
make a person become a successful entrepreneur.
4. There is no universally accepted definition of the term entrepreneurship.
5. Philippine Constitution recognizes entrepreneurship as an engine of economic
growth.

4. 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, willing to take
risks and generate new ideas to make it unique
and profitable solutions to the present-day
problems.

5. Entrepreneurship – It is a philosophy or process through which an entrepreneur seeks
innovation and employment.

6. ▪ Entrepreneurship can be defined
as a field of business that seeks to
understand how opportunities to
create something new (e.g., new
products or services, new markets,
new production processes or raw
materials, new ways of organizing
existing technologies) arise and are
discovered or created by specific
persons, who then use various
means to exploit or develop them,
thus producing a wide range of
effects (Baron, Shane, & Reuber,
2008, p. 4)

7. ▪ “the process of doing something new and
something different for the purpose of
creating wealth for the individual and
adding value to society” (Kao, 1993, p.
70)
ENTREPRENEURSHIP

8. It is the ability to create, manage and operate a new business and bears all its risk with a view to
earn profits.

9. New Definition involves Four Aspects
1. The creation process
2. Devotion of time and efforts
3. Assumption of risks
4. Rewards of independence,
satisfaction, money.
▪ Entrepreneurship can also be
described as a creative and
innovative response to the
environment.
▪ Please note that key word in
Entrepreneurship is RISK.

10. ▪ An individual who bears the risk of
operating business in the face of
uncertainty about the future
conditions.
ENTREPRENEUR (New Encyclopaedia
Britannica)

11. Entrepreneur
“An entrepreneur is the one who
always searches for change,
responds to it and exploits it as an
opportunity. Innovation is the
specific tool of entrepreneurs, the
means by which they exploit
changes as an opportunity for a
different business or different
service”. - Peter Drucker
▪ By dissecting the word, we will
get the following:
▪ Entre – Enter
▪ Pre – Before
▪ Neur – Nerve Centre

12. ▪ An entrepreneur of 21st
century is a customer
focused innovator. He uses
e– knowledge. Advantage is
speed. He is a global
thinker even though he may
not necessarily be a global
player.
21st Century Entrepreneur

13. ENTERPRISE
▪ It is where Entrepreneurial activity
is going on like Company, Industry,
Firm, organization, office, agency,
franchise, Shops, and etc.
▪ It supports the recognition of new
market opportunities as well as
develops the opportunity to change
and develop at the individual,
business and industry/ sector levels.

14. TYPES OF ENTREPRENEURS

15. INNOVATIVE ENTREPRENEURS
▪ Innovative entrepreneurs are considered to be
those entrepreneurs that manage to transform
innovative ideas into high-demand, marketable
products, services or technologies and,
therefore, innovations play a specific role for
them as an instrument in earning innovative
incomes.
APPLE
FACEBOOK

16. IMITATIVE ENTREPRENEURS
▪ Imitative entrepreneur is also known as
adoptive entrepreneur. He adopts successful
innovation introduced by other innovators.
XIAOMI

17. FABIAN ENTREPRENEURS
▪ These are entrepreneurs that are very
careful in their approaches and cautious in
adopting any changes. They are not prone to
sudden decisions and try to shy away from
any innovations or change that doesn't fit
their narrative.
KODAK
KONGO GUMI

18. DRONE ENTREPRENEURS
▪ These are entrepreneurs who do not like a
change. They are considered as 'old school'.
They want to do business in their own
traditional or orthodox methods of production
and systems. Such people attach pride and
tradition to even outdated methods of doing
business.
BEEREE TOBACCO

19. SOCIAL ENTREPRENEURS
They are those who initiate changes in the
various fields such as education, health,
human rights, environment and enterprise
development.
https://www.tatlerasia.com/power-
purpose/gen-t/social-entrepreneurs-
philippines

20. COMMON COMPETENCIES IN ENTREPRENEURSHIP

21. 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- controlling a situation by making things to happen or by preparing for possible
future problems.
6. Risk Taker- they have the courage to pursue what is their business ideas.
7. Innovative- the entrepreneurs have big business ideas and they do not stop improving and
thinking of new worthwhile ideas for their business

22. Difference between a Businessman and an Entrepreneur
BUSINESSMAN ENTREPRENEUR
▪ A businessman person who sets up an
existing idea
▪ Creates place in existing markets
▪ Market player
▪ Less risk
▪ Conventional
▪ Profit orientation
▪ Very high competition
▪ An entrepreneur is a person who starts
with new idea
▪ Creates new market
▪ Market leader
▪ High risk
▪ Unconventional
▪ People-oriented
▪ Low Competition

23. Misconceptions of
Entrepreneurship
1. Entrepreneurship applies only to
manufacturing business.
2. Entrepreneurship applies only to
small business.
3. Entrepreneurship applies mostly to
persons with good educational
background in business courses.
4. Entrepreneurship applies only to a
good economy.
5. Entrepreneurship is simply opening a
small business.

24. Career Opportunities of
Entrepreneurship
1. Business Consultant- with the expertise
of the entrepreneur he can be a very good
source of advices to other entrepreneurs
and would be businessman.
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 salesman
5. Business Reporter- the entrepreneur
being expert in the field, he can be
employed as business reporter

25. 1. Entrepreneurship is not reserved for
startups.
2. Entrepreneurs do not have a special set of
personality traits.
3. Entrepreneurship can be taught (it’s a
method that requires practice).
4. Entrepreneurs are not extreme risk takers.
5. Entrepreneurs collaborate more than they
compete.
6. Entrepreneurs act more than they plan.
7. Entrepreneurship is a life skill.
The Truth about Entrepreneurship

26. Importance to the Filipino people
1. It provides guidelines in their wealth-
creating ventures.
2. It helps improve their financial and
social life.
3. It helps broaden their creativity.
4. It helps make their lives happy, fruitful,
and successful.
Compounded Benefits of Entrepreneurship
Importance to the Local Community
1. It provides employment in the community.
2. It creates new demand in the market.
3. It makes substantial contribution to the raising
and collection of taxes.
4. It facilitates the movement of the factors of
production.
5. It creates new business opportunities.
6. It promotes a peaceful and loving community.
7. It increases constructive competition.

27. Importance to the Philippine Economy
• It encourages competitiveness and
thereby challenges entrepreneurs to
keep improving their products and
services.
• It helps find an entrepreneurial niche in
the world market.
• t helps hasten the economic recovery
process of the Philippines during
financial turmoil or crackdown.
Compounded Benefits of Entrepreneurship
• It facilitates the smooth flow of money in
the local market.
• It assists the national government in its
desire to have a favorable economic
rating in the world market

28. 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.
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.

29. Relevance of Entrepreneurship to SHS Students
6. Students have to be exposed to real-world examples and learn from
their own experience.
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.
9. Creation of entrepreneurial thinkers who also have the skills and tools
to start their own businesses.

30. THANK YOU!
V I N C E S E N S E I