Entrepreneurship 101 for coop lecture


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Entrepreneurship 101 Coop lecture by Ms. RJA

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Entrepreneurship 101 for coop lecture

  1. 1. 1
  2. 2. Happy ka na ba bilang isangEmpleyado?maybahay? 2
  3. 3. 8-10 3
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  5. 5. TrabahoUtang Suweldo Bayad 5
  6. 6. May naiipon ka pa ba para sapagtanda mo? 6
  7. 7. Gusto mo bang umasenso? paano Ako aasenso? 7
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  10. 10. BUT WHYSTOP THERE? 10
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  13. 13. Joseph Alois Schumpeter (1934)Entrepreneurship is seen as new combinationsincluding the doing of new things or the doingof things that are already being done in a new way.New combinations include 1) introduction of newgood, 2)new method of production, 3)opening of anew market, 4)new source of supplies 5.)new organizations. Austrian-Hungarian-American economist and political scientist. 13
  14. 14. Entrepreneurship researchseeks to understand howopportunities to bring intoexistence future goods andservices are discovered,created, and exploited, bywhom, and with whatconsequences. an Indian-born American and British structural biologist, who shared the 2009 Nobel Prize in Chemistry with Thomas A. 14
  15. 15. is more than a word. It is a mission.capacity for innovation.investment and expansion of new markets products and techniquesinvest resources to make something unique. 15
  16. 16. Ang "ENTREPRENEURSHIP" ayisang siyensya at pag-aaral ng pangangalakal ng mga bagay bagay at paglilingkod samaaaring makapagpaunlad ng kabuhayan ng isang tao. “QUALITY OF LIFE” 16
  17. 17. 1. Social Entrepreneurship (Panlipunan)2. Business Entrepreneurship (Pangkabuhayan)3. Techno Entrepreneurship (Teknolohiya) 17
  18. 18. Driving Economic Growth and Prosperity 18
  19. 19. Non-Government/al Organization Social Profit NGO Enterprise Business Maximization NGO Business (PMB)(non-profit) (for-profit) Enterprise Business Social CSR Enterprise Business 19
  20. 20. • “Any creative and innovative solution applied to solve social problems” (Mohammad Yunus, 2007) – It involves social mission – Profit and/or entrepreneurial processes 20
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  22. 22. • “Search for approaches to move poor people out of poverty beyond welfare-based safety nets.” social entrepreneurs are driven not by money but by content, risk‐taking, implementing innovative ideas, fulfilling social missions. 22
  23. 23. Painters, actors, musicians, writers and all othercultural professionals always look beyond the usual,they create and take actions, use their imaginationto make something new.It is important to outline that entrepreneurs arethose who not only invent and implement aninnovative idea, but bring it to an economicallysuccessful end, considering the marketviability and the positive financial impact oncommunity members. 23
  24. 24. • Mother Teresa did what no other person has done before – to take care of the poor, destitute and lepers 24
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  27. 27. Social entrepreneurship overcomes the gapbetween the business and the public sectors,as it is connected to the “non‐profit” or the“third” sector, as well as to the concept of the“social economy”, with emphasis onobjectives to serve communities and societyrather than generating a company’s profit. 27
  28. 28. Entrepreneur –Derived from theFrench entreprendre, " to undertake".Someone who is willingand eager to create a newventure in order to present aconcept to the marketplace. 28
  29. 29. • It’s about the study of systems, structure, and staffing to make a large corporation stay competitive, innovative, and profitable on a sustainable basis. 29
  30. 30. Growth DeclineStart Survival / Failure 30
  31. 31. No longer excellent!...• In 1983, there was the book In Search of Excellence by Tom Peters and Waterman. It sold 6 million copies. Then...• Something went wrong... 31
  32. 32. • 33% of the “Excellent” Companies vanished• Too big to fail companies• Where are they now?: Washington Mutual CAP educational plan Pacific Bank Banco Filipino 32
  33. 33. Vanishing giantsDinosaurs of the corporate world 33
  34. 34. • Keeping the Sense of Mission alive as you grow• Re-instilling customer/product vision in every employee• Fostering high-speed innovation• Making self-inspired behavior the organization standard 34
  35. 35. Entrepreneur (Self)IDEA REALITY Resources Opportunity 35
  36. 36. ORIGINATOR (nagbigay simula)Nagsimula ng (nagbibigay sigla)pagbabago) OPERATOR implementor ORGANIZER (namamahala/ (nagtatag) (tagapagpatupad) Nagpapalakad) 36
  37. 37. Growth (Pag-unlad)Differentiation Strategic direction (Pagkakaiba) matalinong pagplaplano 37
  38. 38. • 90% of the world’s jobs are created by entrepreneurs• Source of new products and innovation• In the third-world countries, the entrepreneurs keep the sagging economies alive• It’s the entrepreneurs – not the central bank – that keep the economy moving• Finally... 38
  39. 39. ECONOMIC GROWTH 39
  40. 40. Millions have done it . . . millions aredreaming of doing it! Why not becomeyour own boss? Individuals areincreasingly choosing to go intobusiness, start their own company, workfor themselves and create their own jobas an alternative means of taking thefuture into their own hands. 40
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  42. 42. Other trivia:• Battle of the sexes: – 51% of all businesses are started by women – 55% of all businesses are run by men – Of the nascent(growing) businesses, 60% are run by women 42
  43. 43.  honesty ( katapatan) courage ( lakas ng loob) integrity (integridad/ dangal)  punctuality ( maagap)  self-discipline  humility 43
  44. 44.  Reasonable risk –taker. enjoy challenges. Butthey are careful and calculating. ( makatuwiran pakikipagsapalaran) Self –confident - have a strong faith in theirabilities. Strong belief, affirmative thinking oroptimistic. They always think SUCCESS!!! Nothing is Impossible. 44
  45. 45.  Hardworking - Successful people always attribute their success to hardwork. Like Thomas A. Edison, said that success is 99 percent of perspiration and 1 percent inspiration. 45
  46. 46.  Innovative (Malikhain)- Entrepreneursare creative. They do things in new anddifferent ways. 46
  47. 47. Essential qualities of a Leader: Selfless dedication (lubusang paglilingkod) Purpose and vision (magandang layunin at adhikain)Courage (tibay at lakas ng loob)Conviction (matuwid na paghatol)Enthusiasm (sigla at interes sa ginagawa)Integrity (dangal)Tact (maayos na pakikitungo)Hardwork (masipag) 47
  48. 48. Entrepreneurs are positive thinkers. They think of success and bright sides.Success begets success. Dr. Charles Flory, anamerican physiologist, said that wealthdoes not always come to the most intelligentor to the most ambitious individuals, butthose individuals who think MONEY…..But being an entrepreneur you always think SUCCESS. 48
  49. 49.  - Entrepreneurs make decisions. Theycannot avoid this. Being creative andinnovative, they always make decision on howto improve their products how to create newmarkets, how to increase consumers satisfactionor how to maximize profits.  The success of their business depends on their ability to make the right decisions. 49
  50. 50. 1.identifying the problem2.gathering the data about the problem3.analyzing the data4.formulating alternative solutions5.selecting the best solutions and6.implementing the solution/ decision. 50
  51. 51. The Entrepreneur must possess the following managerial skills:1. Ability to conceptualize and plan. The entrepreneur must view all the aspect of the business , such as product, price, cost, inventory. He must be able to plan for the total operation of the business. He has the ability to foresee future problems of his business is an excellent asset. 51
  52. 52. 2. Ability to manage others..  Management is getting things done by others. as business grows, more people are needed. The entrepreneur must be able to organize work properly so that his employees can perform their jobs efficiently and effectively.  Good human relations and communications are very important for the entrepreneur.  By letting others achieve the objectives of the enterprise 52
  53. 53. 3. Ability to manage time and to learn.The entrepreneur is a generalist. When a business is still small, The owner does everything: Clerk, salesman and manager. he should be an expert on time management. he should acquire basic training in small business management and specialized courses in accounting, finance, marketing and personnel relations. 53
  54. 54.  A real entrepreneur does not actuallystop learning. He can do this my reading, attendingseminars, or enrolling in college 54
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  57. 57. • a great deal of INDEPENDENCE and SELF-DISCIPLINE;• a good measure of SELF-CONFIDENCE;• an above-average aptitude for DECISION MAKING and PROBLEM SOLVING;• a propensity for RISK TAKING;• FLEXIBILITY and ORGANIZATIONAL SKILLS; 57
  58. 58. a great deal of PERSEVERANCE, unflagging TENACITY;• a great CAPACITY FOR WORK and boundless ENERGY;• a great deal of SELF-CONTROL and TOLERANCE;• OPTIMISM and ENTHUSIASM; 58
  60. 60. BUSINESSMAN a man who transacts businessENTREPRENUERone who organizes, manages, andassumes the risks of a business or enterprise 60
  61. 61. Some Insights“I can buy you everything you want but I cannot buy you knowledge.The best I can do is to give you everything you need to acquire thatknowledge. And that, I have given you. The rest is up to you.”“The rest is up to me” … those words hit me like a ton of bricks. “ “Belief … passion … and knowledge— a few important values that I was to bring back to the Philippines.” “Be humble. Don’t look at the money, but rather, look at what you really want to do and the amount of learning and growth you would get. Vivienne Tan – Daughter of Lucio Tan 61
  62. 62. Put your name here:__________________________________ THE NEXT MILLIONAIRE / WINNER 62
  63. 63. ”Commit to the LORDwhatever you do, and yourplans will succeed.” Proverbs 16:3 63
  64. 64. Identify and prioritize your main reasons for starting a business;begin with the most important (1)and end with the least important (18). 64
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  66. 66. 1. BE PROACTIVE. Decide what you want out of life and get it!2. BEGIN WITH THE END IN MIND. Keep in mind how you want people to remember you at your funeral.3. PUT FIRST THINGS FIRST. Spend your time on what is important, even if it is not what is demanding your immediate attention. 66
  67. 67. 4. THINK WIN-WIN. Be generous. 6. SYNERGIZE. Find solutions that will benefit all Cooperate with parties. others. Respect their differences.5. SEEK FIRST TO UNDERSTAND, 7. SHARPEN THE SAW. Systematically renew the fourTHEN TO BE UNDERSTOOD. areas of your life: physical, Dont just charge into a social/emotional, mental and conversation. Listen until you spiritual. have understood what the other person is saying. 67
  68. 68. Responses to statements of 1 and 2 are the following: 1, 2, 6, 8, 10, 11, 16, 17, 21, 22, 23, and 24Responses to statements of 4 and 5 are the following:3, 4, 5, 7,9, 12, 13, 14, 15, 18 , 19, 20, and 25 68
  69. 69. 21 to 25 - You have great entrepreneurial potentialwith such potential , its surprisingly you haven’tgone into business already.16 to 20 -shows that you have definiteentrepreneurial potential. However, yoursuccess in business could depend on theabilities you show and the resources youhave available. 69
  70. 70. 11 to 15 this results puts you in an intermediatezone. You are probably capable of going intobusiness., but you would have to put a lot ofeffort and perseverance into it. Outside helpand follow –up in the form of advice andencouragement would be an asset to you. Someadjustment might be also be necessary. 70
  71. 71. 6 to 10 -your entrepreneurial potential seemsfairly weak. You would certainly have toreconsider some of your opinions, attitudes,and behavior patterns.1 to 5 - Be realistic. It would probably bedifficult for you to evolve into the businessworld at present. You should become seriouslyinformed about the restraints and demands ofthe entrepreneur’s career. 71
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