3. - is a mantra in the age of globalized economy.
as defined by Glider is “Making the World forever
new” It originates from the French word
“ENTREPRENDRE” meaning an undertaker.
Thus, an entrepreneur is a person who is willing to
undertake risks to create a new enterprise.
4. - is a mantra in the age of globalized economy.
According to Dyck and Neubert (2012),
entrepreneurship is conceiving an opportunity
to offer new or improved goods and services,
showing the initiatives to pursue that
opportunity, making plans, mobilizing the
resources necessary to convert the opportunity
into reality.
5. Relevance of Entrepreneurship and
Entrepreneurs
Introduces
innovation
Develops new
market
Creates
employment
Generates new
materials
Improves the
quality of life.
Bring social
benefit to the
people
Utilizes and
mobilizes
indigenous
resources
Provides more
alternatives for
consumers.
6. Businessman Entrepreneur
Someone who set up a business with an
existing idea and offering product and
services to the customers.
A person who starts an enterprise with
a new idea or concepts, undertaking
commercial activities.
Start business from existing idea
or concepts.
Start the business with unique idea or
concepts.
Focuses on competition Focuses on cooperation
His business gives him a living. He gave life to his business
Traditional Innovative and revolutionary
Stays safe Risk taker and accountable
Profit-oriented People-oriented(employee, customer,
public)
Market player Market leader
Has not yet achieve financial freedom Has achieved financial freedom
7. There arethree level of Entrepreneurial Competenciesnamely: Personal,
Interpersonal, and Business competencies.
Personal Interpersonal Business
Creativity
Determination
Tenacity
Emotional
Balance
Self-Criticism
Communicatio
n Charisma
Engagement
Respect
Delegation
Business vision
Resource
management
Networking
Negotiating
skills
8. Characteristics of an Entrepreneur
Achievement Cluster Planning Cluster Power Cluster
Persistence Goal-oriented Self confidence
Opportunity seeking Information seeking Persuasion and
networking
Hard working Systematic planningand
monitoring
Responding to feedbacks
Coping with failure Setting own standards Building strength
Coping with uncertainty Building for the future Demonstrating initiative
Risk-taking
9. Activity 2: Describe Me!
Directions: Given the word ENTREPRENEURSHIP, give each letter an appropriate word that
correspond to a good behavior of an entrepreneur. Use an adjective. Write your answer in a
separate sheet of paper.
E-________________________________
N-________________________________
T-________________________________
R-________________________________
E-________________________________
P-________________________________
R-________________________________
E-________________________________
N-________________________________
E-________________________________
U-________________________________
R-________________________________
S-________________________________
H-________________________________
I-________________________________
P-________________________________