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INTRODUCTION TO ENTREPRENEURSHIP.pptx SH
- 1.
- 2. Activity 1. LetMe Know Give at least five (5) names of entrepreneurs that you know, may it be from your locality or within the Philippines. Identify what are their common traits as entrepreneurs.
- 3. Activity 2. Essay Explainthe following questions below about the competencies of entrepreneurs. 1. What characteristics can you observe or see that are common among the entrepreneurs that you have listed?
- 4. Activity 2. Essay Explainthe following questions below about the competencies of entrepreneurs. 2. Who among the entrepreneurs that you mentioned do you admire the most and why? 3. In your own opinion, what do you need to possess to become a successful entrepreneur?
- 6. Relevance of entrepreneurship toan organization
- 7. 1. Development of Managerialcapabilities this means that one of the benefits an entrepreneur gets is to develop his managerial skills.
- 8. 2. Creation ofOrganizations which means that because of entrepreneurships many organizations will exist
- 9. 3. Improving standardof living this means that entrepreneurship can lift up the economic status of an individual.
- 10. 4. Means ofeconomic development this means that not only the life of the entrepreneur is improved but also the society where the business is located.
- 11.
- 12. Entrepreneur derived from theFrench verb enterprendre - to undertake
- 13. This is pinpointingto those who “undertake” the risk of enterprise.
- 14. Entrepreneurship it isthe process that the enterprise is created by an entrepreneur are innovators, willing to take risks and generate new ideas to make it unique and profitable solutions to the present – day problems.
- 15.
- 16. 1. Personality Factors whichincludes: a. Initiative – which means doings things even before being told b. Proactive – which means he can classify opportunities and seize it. c. Problem solver – which means he can retain good relations with other people.
- 17. 1. Personality Factorswhich includes: d. Perseverance – meaning he will pursue things to get done regardless of challenges e. Persuasion – means that he can entice people to buy even if they don’t.
- 18. 1. Personality Factorswhich includes: f. A Planner – meaning he makes plan before he can entice people to buy even if they don’t. g. Risk – taker – which means that he is willing to gamble but he will calculate it first.
- 19. 2. Environmental Factors whichinclude political, climate, legal system, economic and social conditions and market situations.
- 20.
- 21. 1. Decisive an entrepreneur mustbe firm in making decisions.
- 22. 2. Communicator an entrepreneur musthave a convincing power.
- 23. 3. Leader an entrepreneuran entrepreneur must have the charisma to be obeyed by his employees
- 24. 4. Opportunity seeker- anentrepreneur must have the ability to be the first to see business chances.
- 25. 5. Proactive controlling asituation by making things to happen or by preparing for possible future problems.
- 26. 6. Risk Taker Theyhave the courage to pursue what is their business ideas.
- 27. 7. Innovative the entrepreneurshave big business ideas and they do not stop improving and thinking of new worthwhile ideas for their business.
- 28.
- 29. 1. Economic anddynamic activity Entrepreneurship is an economic activity because it involves the creation and operation of an enterprise with a view to creating value or wealth by ensuring optimum utilization of limited resources.
- 30. 2. Innovative Entrepreneurs constantly lookfor new ideas, thus he needs to be creative.
- 31. 3. Profit Potential- meaningthe entrepreneur can be compensated by his profit coming from the operation.
- 32. 4. Risk bearing meaningthe entrepreneur needs to gamble but wise enough to offset the risk
- 33.
- 34. 1. Innovative entrepreneur theyare those who always make new things by thinking of new ideas.
- 35. 1. Innovative entrepreneur haveability to think newer, better and more economical ideas.
- 36. 2. Imitating entrepreneurs theyare those who don’t create new things but only follow the ideas of other entrepreneurs.
- 37. 2. Imitating entrepreneurs thosepeople who follow the path show by innovative entrepreneurs
- 38. Examples: Spotify (imitated onlinemusic streaming and created a user – friendly platform) Xiaomi (imitated Apple’s business model) Zara (imitated like H&M)
- 39. 3. Fabian entrepreneurs theyare those skeptical(unconvinced)in their approach in adopting or innovating new technology in their enterprise. They are not adoptable to the changing environment. They only adopt the new technology when they realize that failure to adopt will lead to loss or collapse of the enterprise They don’t initiate but follow only after they are satisfied.
- 40. Example The creator ofMcDonald’s, Ray Kroc, might be compared to a Fabian entrepreneur. Although the McDonald brothers opened the first McDonald’s restaurant with an emphasis on a small menu and quick service, it was Ray Kroc who saw the potential for rapid expansion. He modified the business strategy and made McDonald’s a dominant franchise worldwide. The success of McDonald’s was largely attributed to Kroc’s capacity to adapt and welcome change.
- 41. 4. Drone entrepreneur- theyare those who lives on the labor of others. Reluctant to make or accept any transformation are die-hard conservatives even ready to suffer the loss of business.
- 42. EXAMPLE The once-dominant videorental business Blockbuster is a prime example of a drone entrepreneur. Blockbuster stuck to its established brick-and-mortar rental strategy in the face of the shifting environment of the entertainment business and the emergence of Internet streaming services. The business finally declared bankruptcy because it was unable to transform for the digital age. They were finally defeated because of their stubborn commitment to outmoded practices, which prevented them from taking advantage of fresh prospects.
- 44. DIFFERENCE BETWEEN: FABIAN ENTREPRENEUR Willing toadjust when necessary Inflexible and steadfast in their ways DRONE ENTREPRENEUR Similarities: • both rejects changes. • stick to tried – and true practices
- 45. 5. Social entrepreneurs theyare those who initiate changes in the various fields such as education, health, human rights, environment and enterprise development.
- 46. 5. Social entrepreneurs focuses on providing solutions to environmental and societal problems through businesses after philanthropic change; and profit is just secondary
- 48. EXAMPLES: 1. BAYANI BREW2. BAMBIKE
- 49.
- 50. 1. Business Consultant withexpertise of the entrepreneur he can be a very good source of advices to other entrepreneurs and would be business man
- 51. 2. Teacher a graduateof entrepreneurship can be use his knowledge in teaching
- 52. 3. Researcher the entrepreneurcan be employed as researcher by an enterprise
- 53. 4. Sales the entrepreneurship graduatecan apply as salesman
- 54. 5. Business Reporter theentrepreneur being expert in the field, he can be employed as business reporter.
- 55. Activity 3 Interviewthe Known Choose three successful entrepreneurs in your community or nearby places and conduct an interview using the guide questions below. Discuss the result of your interview to your teacher. 1. What motivated you to become an entrepreneur? 2. What do you think are your characteristics and competencies that made you a successful entrepreneur? 3. What do you think of being employed? Why didn’t you choose that path?
- 56. Activity 1 Interviewthe Known Write the answers in paragraph form. The output should be written in your activity notebook.
Editor's Notes
- #39 Spotify, the popular music streaming platform, is an example of imitative entrepreneurship. It entered a market that was already established by pioneers like Pandora and Apple’s iTunes. Spotify imitated the concept of online music streaming and created a user-friendly platform with a vast music library, offering a freemium model that attracted millions of users. While it replicated the basic idea, Spotify differentiated itself through its user interface, personalized recommendations, and social sharing features, ultimately becoming a dominant player in the music streaming industry. Xiaomi, a Chinese electronics company, is often referred to as the “Apple of China.” It imitated Apple’s business model, focusing on producing high-quality smartphones at affordable prices. Xiaomi replicated the minimalist design aesthetic, user-friendly interface, and direct-to-consumer sales approach popularized by Apple. By offering feature-rich smartphones at competitive prices, Xiaomi gained significant market share and established itself as one of the leading smartphone manufacturers globally. Zara, the Spanish clothing retailer, exemplifies imitative entrepreneurship in the fashion industry. Zara imitated the fast-fashion model pioneered by companies like H&M. It replicated the concept of quickly responding to fashion trends, producing affordable yet fashionable clothing, and maintaining a vertically integrated supply chain. By imitating and adapting this model, Zara became known for its agile production, frequent product turnover, and ability to deliver trendy clothing to consumers at a rapid pace.
- #49 Bayani Brew supports Gawad Kalinga’s social programs. A part of its profit goes to providing housing and livelihood programs for farmers in different rural areas of the country. Bambike manufactures handmade bamboo bicycles. They aim to alleviate poverty while advocating the importance of going green. Moreover, they partner with Gawad Kalinga to provide programs such as scholarships, sponsorship for teachers, and skills training.