This document discusses key concepts of entrepreneurship including different perspectives on entrepreneurs from an economist, psychologist, and management perspective. It then compares characteristics of past and present entrepreneurs in terms of age, gender, work experience, knowledge of business, innovation orientation, goals, leadership style, and drive orientation. Finally, it identifies common competencies of entrepreneurs such as confidence, flexibility, commitment, visionary nature, hard work, and creativity.

2. ENTREPRENEURSHIP
Introduction Part 2:
KEY CONCEPTS & COMMON COMPETENCIES
FRANCIZ M. PANGANIBAN
Subject Teacher

3. OBJECTIVES
1.Demonstrate understanding on the key
concepts of entrepreneurship
2.Compare the past and present characteristics
of entrepreneurs
3.Identify the common competencies of an
entrepreneur

4. KEY CONCEPTS OF ENTRENEURSHIP

5. ENTREPRENEUR: DIFFERENT PERSPECTIVES
ECONOMIST’S POINT OF VIEW
It is someone who brings resources, labor,
materials and other assets into
combinations that make their value
greater than before
It is also someone who introduces
changes, innovations and a new order.

6. ENTREPRENEUR: DIFFERENT POINT OF VIEWS
PSYCHOLOGIST’S POINT OF VIEW
A person who is typically driven by certain forces
such as the need to obtain or attain something,
to experiment, to accomplish or perhaps to escape
the authority of others.

7. ENTREPRENEUR: DIFFERENT POINT OF VIEWS
MANAGEMENT PERSPECTIVE
It is someone who identifies opportunities,
plans, mobilizes resources, manages and
assumes the risks of a business to have a positive
impact on society.

8. EMERGING CHARACTERISTICS
OF AN ENTREPRENEUR

10. When it comes to AGE
PAST TODAY

11. GENDER
PAST TODAY

12. WORK EXPERIENCE
PAST TODAY
Less business &
employment
experience
More business &
employment
experience

13. KNOWLEDGE OF BUSINESS
PAST TODAY

14. INNOVATION ORIENTATION
PAST PRESENT
Automation for
efficiency
Values
innovation for
new venture &
discovery

15. GOAL / PURPOSE
PAST PRESENT
Economic & Financial Gains Social, ecological & economic gains

16. USE OF WORK STRUCTURE
PAST TODAY

17. LEADERSHIP STYLE
PAST PRESENT
DIRECTING EMPOWERING

18. DRIVE ORIENTATION
PAST PRESENT

19. PERSPECTIVE & SELF-CONFIDENCE
PAST PRESENT

20. COMMON COMPETENCIES
CHARACTERISTICS NEEDED BY AN
ENTREPRENEUR TO SUCCEEED

21. C _ N _ I _ _ N _ E
A feeling or belief that you can succeed at
something
CHARACTERISTICS ATTRIBUTED TO ENTREPRENEURS
CONFIDENCE

22. F _ _ I _ B_ L _ _ _
“readiness to adapt to new, different of
changing requirements”
CHARACTERISTICS ATTRIBUTED TO ENTREPRENEURS
FLEXIBILITY

23. C_ _ M_ _ E_ _
“the unwavering dedication for work
for the common good of the society
through one’s business”
CHARACTERISTICS ATTRIBUTED TO ENTREPRENEURS
COMMITMENT

24. V _ _ I O _ A _ Y
“Having clear ideas or foresight of what
will be done in the future”
CHARACTERISTICS ATTRIBUTED TO ENTREPRENEURS
VISIONARY

25. H_ _ _W_ _ _ _ N_
“using a lot of time and energy to get
things done”
CHARACTERISTICS ATTRIBUTED TO ENTREPRENEURS
HARDWORKING

26. C_ E_T_ _ _ T_
“ability to make new things or think of
new ideas”
CHARACTERISTICS ATTRIBUTED TO ENTREPRENEURS
CREATIVITY

27. PERSONAL CHARACTERISTICS ATTRIBUTED TO
ENTREPRENEURS
Confidence
Flexibility
Need to achieve
Responsibility
Commitment
Creativity
Persevering
Goal-oriented
Realistic
Sincere
Hardworking
Visionary
Disciplined
Feedback seeking
Moderate risk-taker

28. HOW ENTREPRENEURS THINK?
Make self-assessment
Choose a course of action
Generate multiple decision models
Learn from failure

29. COMMON ELEMENTS PRESENT IN THE LIFE
OF ENTREPRENEURS
Innovation
Opportunity
Seeking
Resource
Mobilization
Encounters
Risks
Economic &
Personal
Rewards

30. Post Lesson Activity
1. Describe an entrepreneurial mindset in 3
perspectives.
2. If you will be given a chance to have P1M,
share your vision as a young entrepreneur?