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MALIGAYANG ARAW!
A BEACON’S PRAYER
Almighty God, You are sovereign, You are all powerful, and You are
my Creator, I praise You. Let Your light within me shine before others,
that they may see Your good deeds and glorify You.(Matthew 5:16)
As I am rooted in Your Word, joyfully standing strong, lead me please
to walk in the way of love, (Ephesians 5:2) just as Christ loved me, to
where I should be, Lord God. Let me reflect the bright light that can
only come from You who allowed me to be a Beacon in the darkness,
a light in this world.
Thank You for blessing me with the opportunity to be filled with Your
light and be a blessing and a guide to many.
I am a Beacon because of who You are, Father. May You work in me
and through me today what is pleasing to You, through Jesus Christ
to whom be glory forever and ever.(Hebrews 13:21)
AMEN!
CONTACT NO: 0930-921-6387
EMAIL: ar-ar_salcedo@bec.edu.ph
CLASSROOM RULES
ENTREPRENEURSHIP
WELCOME TO,
ENTREPRENEURSHIP
• Applied subject
• Grading System
- Written Work -
- Performance Task -
- Quarterly Assessments -
• Final Output
• Front learners
• Group chat ( Messenger )
ACTIVITY 1
EXPLORING IDEAS
Instruction
• Think of 10 words or
phrases that you can
associate when you
hear the word
ENTREPRENEURS
HIP. Using your
given 10
words/phrases make
your own definition of
ENTREPRENEURS
HIP.
ENTREPRENEURSHIP
DEFINING
ENTREPRENEURSHIP
LEARNING
OBJECTIVES:
Discuss the relevance of entrepreneurship in general,
including its economic importance.
Define who entrepreneur is.
Explain the key concepts of common and core
competencies in entrepreneurship.
Delineate clearly between entrepreneurship and
employment.
Explore opportunities for entrepreneurship as career.
ENTREPRENEURSHIP
• The activity of setting up a business or businesses,
taking on financial risk in the hope of profit (Oxford
Dictionaries).
• It can also be defined as “one which undertakes
innovations, finance and business expertise in an
effort to transform these innovations into economic
goods”
• Entrepreneurship is a proactive process of
developing a business venture to make a profit.
Societal and Economic Benefits of
Entrepreneurship
1. Produces more jobs that equate to an increase in
national income.
2. Introduces new an innovative products and services.
3. Improves people’s living standard.
4. Disperses the economic power and creates equality.
5. Controls the local wealth and balances regional
development.
6. Elicits economic independence and capital
formation.
ENTREPRENEUR
FRENCH ORIGIN:
ENTRE – “between”
PRENDRE – “to take”
- A unique individual who has the innate ability and
extraordinary dedication to establish and manage a
business, acknowledging all the risks and reaping its
reward.
REFLECT UPON!
1.What do you think are the factors that drive
Filipinos to become an entrepreneur?
2. Name ONE (1) entrepreneurial trends that
you observe in your environment. Why do you
think this entrepreneurs venture into this
businesses?
LEVELS OF
ENTREPRENEURIAL
DEVELOPMENT
LEVELS OF ENTREPRENEURIAL DEVELOPMENT
(According to Action Coach)
1. The Self-
employed
2. The
Manager
3. The
Leader
4. The
Investor
5. The True
Entrepreneur
LEVEL 1: THE SELF-
EMPLOYED
Those who want a greater sense of
freedom, along with more responsibility
and control over their lives, typically make
the jump from employee to self-employed.
However, many people at this level only
end up making a job for themselves. In
addition, they typically don’t trust anyone
else to get the job done, so they end up
being trapped by the work that they’ve
created for themselves.
LEVEL 2: THE MANAGER
When a business grows, the owner typically
needs to hire some help. This is the stage when
tasks can be delegated to others. However, the
mistake that most people make at this level is
hiring the wrong people or not providing
adequate training for the people that they hire.
As a result, they end up spending their time
putting out fires created by their employees
(while still trying to manage customers and the
business and still doing the work). Many people
at this stage feel that they are working hard and
getting nowhere.
LEVEL 3: THE LEADER
Being a strong leader is a critical
component of this level because the leader
needs to inspire the team and to define the
vision and direction of the business. At this
stage, they spend more time working ON
the business rather than IN the business.
At this stage, the income from the business
becomes passive income because the
owner does not need to do much for the
business to run.
LEVEL 4: THE INVESTOR
When a business can run profitably on its
own, then the owner can become an
investor. As an investor, a business owner
can make more money selling businesses
rather than running them. They achieve
this by buying businesses, building them
up, and then selling them to other people.
This is the stage where a business owner
can start to accumulate wealth.
LEVEL 5: THE TRUE
ENTREPRENEUR
This is the level where
true capitalists operate. At
this level, entrepreneurs
make money by raising
capital and they use other
people’s money to build
paper assets (like stocks,
shares, franchises,
licenses, and royalties).
Think of it this way: True
entrepreneurs use other
people’s money to make
money. Being at this level
is the ultimate goal of
every business owner.
4 ENTREPRENEUR’S FIELD /
EXPERTISE
ENTREPRENEUR’S FIELD/ EXPERTISE
TECHNOPRENEURSHIP
It is a simple
entrepreneurship in a
technology-intensive
context. It is a process of
merging technology prowess
and entrepreneurial talent
and skills.
TECHNOPRENEUR:
• Puts technology at the core of his/her
business model.
• Distinguishes themselves through their
ability to accumulate and manage
knowledge, as well as their ability to
mobilized resources to achieve a
specified business or social goal.
ENTREPRENEUR’S FIELD/
EXPERTISE
SOCIAL ENTREPRENEURSHIP
• an approach by individuals,
groups, start-up companies or
entrepreneurs, in which they
develop, fund and implement
solutions to social, cultural, or
environmental issues.
SOCIAL ENTREPRENEUR:
• Takes advantage of the country’s social
problems and turn them into profitable
institutions.
• Pursues novel applications that have the
potential to solve community-based
problems.
• Takes on the risk and effort to create
positive changes in society through their
initiatives.
ENTREPRENEUR’S
FIELD/ EXPERTISE
INTRAPRENEURSHIP
• refers to a system that allows an employee to act
like an entrepreneur within a company or other
organization.
INTRAPRENEUR: • Is from a large company who is
tasked to think, establish, and
run a new big idea.
• Intrapreneur refers to an
employee of the
organization who is in
charge of undertaking
innovations in product,
service, process etc
• Is self-motivated, proactive,
and action-oriented people
who take the initiative to
pursue an innovative product
or service.
• The intrapreneur who
not only chooses to
apply her/his talents to
her/his own
organization, but also
applies those talents
externally to other
organizations and then
brings those
experiences back
internally.
• Is unique from
entrepreneurs and
intrapreneurs primarily
because of the feature
of collaboration.
• MY DREAM BUSINESS
MY DREAM BUSINESS
•In a short bond paper,
draw your DREAM
BUSINESS and make a
short description why
this is your dream
business.
My Dream Business
BEC CORE VALUES

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1ENTREP W1-2 - DEFINING ENTREPRENEURSHIP.pptx

  • 2. A BEACON’S PRAYER Almighty God, You are sovereign, You are all powerful, and You are my Creator, I praise You. Let Your light within me shine before others, that they may see Your good deeds and glorify You.(Matthew 5:16) As I am rooted in Your Word, joyfully standing strong, lead me please to walk in the way of love, (Ephesians 5:2) just as Christ loved me, to where I should be, Lord God. Let me reflect the bright light that can only come from You who allowed me to be a Beacon in the darkness, a light in this world. Thank You for blessing me with the opportunity to be filled with Your light and be a blessing and a guide to many. I am a Beacon because of who You are, Father. May You work in me and through me today what is pleasing to You, through Jesus Christ to whom be glory forever and ever.(Hebrews 13:21) AMEN!
  • 3.
  • 4. CONTACT NO: 0930-921-6387 EMAIL: ar-ar_salcedo@bec.edu.ph
  • 7. ENTREPRENEURSHIP • Applied subject • Grading System - Written Work - - Performance Task - - Quarterly Assessments - • Final Output • Front learners • Group chat ( Messenger )
  • 8.
  • 10. Instruction • Think of 10 words or phrases that you can associate when you hear the word ENTREPRENEURS HIP. Using your given 10 words/phrases make your own definition of ENTREPRENEURS HIP. ENTREPRENEURSHIP
  • 12. LEARNING OBJECTIVES: Discuss the relevance of entrepreneurship in general, including its economic importance. Define who entrepreneur is. Explain the key concepts of common and core competencies in entrepreneurship. Delineate clearly between entrepreneurship and employment. Explore opportunities for entrepreneurship as career.
  • 13. ENTREPRENEURSHIP • The activity of setting up a business or businesses, taking on financial risk in the hope of profit (Oxford Dictionaries). • It can also be defined as “one which undertakes innovations, finance and business expertise in an effort to transform these innovations into economic goods” • Entrepreneurship is a proactive process of developing a business venture to make a profit.
  • 14. Societal and Economic Benefits of Entrepreneurship 1. Produces more jobs that equate to an increase in national income. 2. Introduces new an innovative products and services. 3. Improves people’s living standard. 4. Disperses the economic power and creates equality. 5. Controls the local wealth and balances regional development. 6. Elicits economic independence and capital formation.
  • 15. ENTREPRENEUR FRENCH ORIGIN: ENTRE – “between” PRENDRE – “to take” - A unique individual who has the innate ability and extraordinary dedication to establish and manage a business, acknowledging all the risks and reaping its reward.
  • 16. REFLECT UPON! 1.What do you think are the factors that drive Filipinos to become an entrepreneur? 2. Name ONE (1) entrepreneurial trends that you observe in your environment. Why do you think this entrepreneurs venture into this businesses?
  • 18. LEVELS OF ENTREPRENEURIAL DEVELOPMENT (According to Action Coach) 1. The Self- employed 2. The Manager 3. The Leader 4. The Investor 5. The True Entrepreneur
  • 19. LEVEL 1: THE SELF- EMPLOYED Those who want a greater sense of freedom, along with more responsibility and control over their lives, typically make the jump from employee to self-employed. However, many people at this level only end up making a job for themselves. In addition, they typically don’t trust anyone else to get the job done, so they end up being trapped by the work that they’ve created for themselves.
  • 20. LEVEL 2: THE MANAGER When a business grows, the owner typically needs to hire some help. This is the stage when tasks can be delegated to others. However, the mistake that most people make at this level is hiring the wrong people or not providing adequate training for the people that they hire. As a result, they end up spending their time putting out fires created by their employees (while still trying to manage customers and the business and still doing the work). Many people at this stage feel that they are working hard and getting nowhere.
  • 21. LEVEL 3: THE LEADER Being a strong leader is a critical component of this level because the leader needs to inspire the team and to define the vision and direction of the business. At this stage, they spend more time working ON the business rather than IN the business. At this stage, the income from the business becomes passive income because the owner does not need to do much for the business to run.
  • 22. LEVEL 4: THE INVESTOR When a business can run profitably on its own, then the owner can become an investor. As an investor, a business owner can make more money selling businesses rather than running them. They achieve this by buying businesses, building them up, and then selling them to other people. This is the stage where a business owner can start to accumulate wealth.
  • 23. LEVEL 5: THE TRUE ENTREPRENEUR This is the level where true capitalists operate. At this level, entrepreneurs make money by raising capital and they use other people’s money to build paper assets (like stocks, shares, franchises, licenses, and royalties). Think of it this way: True entrepreneurs use other people’s money to make money. Being at this level is the ultimate goal of every business owner.
  • 25. ENTREPRENEUR’S FIELD/ EXPERTISE TECHNOPRENEURSHIP It is a simple entrepreneurship in a technology-intensive context. It is a process of merging technology prowess and entrepreneurial talent and skills.
  • 26. TECHNOPRENEUR: • Puts technology at the core of his/her business model. • Distinguishes themselves through their ability to accumulate and manage knowledge, as well as their ability to mobilized resources to achieve a specified business or social goal.
  • 27. ENTREPRENEUR’S FIELD/ EXPERTISE SOCIAL ENTREPRENEURSHIP • an approach by individuals, groups, start-up companies or entrepreneurs, in which they develop, fund and implement solutions to social, cultural, or environmental issues.
  • 28. SOCIAL ENTREPRENEUR: • Takes advantage of the country’s social problems and turn them into profitable institutions. • Pursues novel applications that have the potential to solve community-based problems. • Takes on the risk and effort to create positive changes in society through their initiatives.
  • 29. ENTREPRENEUR’S FIELD/ EXPERTISE INTRAPRENEURSHIP • refers to a system that allows an employee to act like an entrepreneur within a company or other organization.
  • 30. INTRAPRENEUR: • Is from a large company who is tasked to think, establish, and run a new big idea. • Intrapreneur refers to an employee of the organization who is in charge of undertaking innovations in product, service, process etc • Is self-motivated, proactive, and action-oriented people who take the initiative to pursue an innovative product or service.
  • 31. • The intrapreneur who not only chooses to apply her/his talents to her/his own organization, but also applies those talents externally to other organizations and then brings those experiences back internally. • Is unique from entrepreneurs and intrapreneurs primarily because of the feature of collaboration.
  • 32. • MY DREAM BUSINESS
  • 33. MY DREAM BUSINESS •In a short bond paper, draw your DREAM BUSINESS and make a short description why this is your dream business. My Dream Business