Green Illustration Introduction to Gardening Presentation.

1. UNDERSTANDING
ENTREPRENEURSHIP
(GROUP 1 REPORT)
ENTREPRENEURIAL MANAGEMENT
BSBA-OM III SET B
GROUP MEMBERS:
ENRIQUEZ, RONNIE
MARTINO, SHERYFE
VICOY, JANE CLAIRE T.
VILLACERAN, CHARINA D.
SUBMITTED TO:
MS. AIVY SIONZON
INSTRUCTOR

2. DEFINITIONS:
ENTREPRENEURSHIP
- is the process of Identifying, Creating, and Seizing
opportunities to develop, organize, and manage a new venture,
often involving innovation, by taking on financial risks in the hope
of profit.
ENTREPRENEUR
- Is an individual who undertakes the process
entrepreneurship. They are the architects of change who see not
just problems, but solutions; not just markets, but gaps and
opportunities.
MANAGEMENT
- is the planning, organizing, leading, and controlling
resources to achieve specific organizational goals efficiently and
effectively. It is the art and science of getting things done through
people and other resources.
ENTREPRENEURIAL MANAGEMENT
- is the practice of taking entrepreneurial attitudes and
behaviors and instilling them in a venture, whether a new startup
or an established corporation.
CONTRIBUTIONS OF ENTREPRENEURSHIP TO THE ECONOMY
1. CREATES EMPLOYMENT
2. DEVELOP NEW MARKETS
3. INTRODUCES INNOVATION

3. 4. GENERATES NEW SOURCES OF MATERIALS
5. STIMULATES INVESTMENT
6. IMPROVES QUALITY OF LIFE
7. SERVES AS ROLE MODEL
8. PROVIDES ALTERNATIVES FOR CONSUMERS
THE ENTREPRENEURIAL MINDSET
MINDSET - Means the way we think. In business, mindset is
important because it guides how we act when we face problems,
opportunities, and failures.
TWO TYPES OF MINDSETS
Fixed mindset – believes talent cannot change.
Growth mindset – believes skills improve with effort.
FIXED VS. ENTREPRENEURIAL MINDSET
Response to Failure
 Fixed Mindset – Sees failure as a reflection of incompetence.
 Entrepreneurial Mindset – Views failure as feedback to
improve and innovate.
Attitude Toward Challenges
 Fixed Mindset – Avoids challenges for fear of failure.
 Entrepreneurial Mindset – Embraces challenges as learning
opportunities.
Learning and Growth
 Fixed Mindset – Thinks "I can’t" or "I’m not good at this."
 Entrepreneurial Mindset – Thinks "I can learn" or "How can I
get better?"

4. Risk-Taking
 Fixed Mindset – Avoids risks to stay in comfort zone.
 Entrepreneurial Mindset – Takes calculated risks for
potential rewards.
Innovation
 Fixed Mindset – Sticks to the same methods, resists change.
 Entrepreneurial Mindset – Constantly seeks new ideas,
adapts to trends.
Vision
 Fixed Mindset – Short-term, focused on avoiding mistakes.
 Entrepreneurial Mindset – Long-term, focused on growth,
value creation, and impact.
ENTREPRENEURIAL MINDSET
- Entrepreneurial mindset is a way of thinking that helps us
see opportunities, create solutions, and take responsibility. It
makes us proactive, creative, and ready to take risks.
TRAITS OF ENTREPRENEURIAL MINDSET
1. Opportunity-seeking – finding problems to solve.
2. Initiative – starting without waiting.
3. Creativity – thinking of new ideas.
4. Risk-taking – taking calculated risks.
5. Persistence – not giving up.
6. Self-confidence – trusting yourself and your work.”

5. BENEFITS:
An entrepreneurial mindset helps us see opportunities, solve
problems, learn from failure, and succeed in school, business, and
life.
CHARACTERISTICS OF SUCCESSFUL ENTREPRENEURS
1. Strong Leadership Skills Effective entrepreneurs can inspire,
motivate, and guide their teams towards a shared vision, fostering a
positive and productive work environment.
2. Resilience and Perseverance The ability to bounce back from
setbacks, learn from failures, and maintain a positive attitude is
crucial for navigating the ups and downs of entrepreneurship.
3. Adaptability and Flexibility The ability to adjust to changing
market conditions, customer needs, and unexpected challenges is
essential for long-term success.
4. Self-Confidence Belief in their abilities and their business idea is
crucial for overcoming obstacles and inspiring confidence in others.
5. Creativity and Innovation Successful entrepreneurs are able to
think outside the box, identify new opportunities, and develop
unique solutions.