Reviewer in Entrepreneurship
An Ethics & Social Responsibility Plan SOCIAL ENTREPRENEUR – a person
Entrepreneurship
– is the capacity and willingness to set-up or
manage a business and taking any risks to earn
a profit.
- Includes innovations and creativity for
you to be successful in the business
and for you to be interesting in the
market.
- Also includes thinking and imagination
for you to be unique in the market.
History of entrepreneurship in the
Philippines
- It started during the dawn of
civilization, when one artisan trades
one of his crafts for another item
during the age of barter system or
trades his craft for gold coins when
coinage replaced the barter system.
This system went unchanged up until
the middle ages, when banking
considered another form of
entrepreneurship, wherein bankers
would lend kings and clergymen found
for their projects.
Elements of Successful Start-Up
1. An informed Entrepreneur
2. The Right Product
3. The Right Market (customers)
4. Specific Competitive Advantages
5.
6. A Business Plan
TERMINOLOGIES
ENTREPRENEUR – a person who creates
and organizes a new business
NON-PROFIT BUSINESS – A business
that is not run for the purpose of making a
profit, but to increase the well-being of
others in certain areas, such as education,
religion, health and other causes.
- Also known as “a non-profit business
entity” or “non-profit institution”.
- Is dedicated to furthering a particular
social cause or advocating for a
shared points of view.
- A tax-exempt organization formed for
religious, charitable, literary artistic,
scientific or educational purposes.
INFORMED ENTREPRENEUR – the most
valuable assets in a business start-up
MARKETING STRATEGY – it is a long
term course of action designed to optimize
allocation of scarce resources at the
disposal of the firm in delivering superior
customers experiences.
PRODUCT DEVELOPMENT – developing
a new product or service or improving an
existing products or service.
who pursues novel application that have
the potential to solve community based
problem.
THE RIGHT PRODUCT – The second
element of a successful startup.
COMPETITOR – a company in the same
industry which offers similar product or
service.
FRANCHISE – a license to operate an
individually owned business as if it were a
part of a large chain.
MARKET SEGMENT – a group of
customers who share a similar set of
wants.
ENTREPRENEURIAL SPIRIT – The fresh
energy generated by needs and problems
viewed as opportunities for innovation.
The 21st Century Skills
1. Communication Skills
2. Technology and Information Skills
3. Learning and Innovation Skills
4. Life and Career Skills
The 3 Product Development Sources
1. Creating a new product
2. Improving a current product
3. Making a product in a certain
demographic
 KINDS OF BUSINESS IDEAS - One of the various government
regulatory bodies is the Bureau of
1. Products
the Internet Revenue (BIR)
2. Services
SUCCESSFUL ENTREPRENEURS
NOTES:
- Henry Sy
- The course seeks to contribute to
- Tony Tan Caktiong
the realization of the K-12 Basic
- John Gokongwei Jr.
Education Program’s outcome of
- Socorro C. Ramos
producing holistically developed
- Cecilio Kwok Pedro
learners who have 21st century
- Mariano Que
skills.
- Alfredo M. Yao
- The course entreprenership is
- Corazon D. Ong
designed for senior high school
based on the department of
education’s K-12 Basic Education
Curriculum.
- Entrepreneurship started in
“FRANCE” after the French
Revolution.
- Adam Smith is the father of
economics.
- According to Jean Baptist Say,
“Entrepreneurship is dependent of
classical economics and is unable
to co-exists”.
- According to Ronstadt,
entrepreneur is the dynamic
process of creating incremental
wealth.