Entrepreneur’s Resources

to Transform Idea and

Pursuit of Knowledge
Joshua C. Ababon, Jr., MBA
Business and
Entrepreneurship Dept.
1. Know about the
business resources
and ideas for an
entrepreneur
2. Discuss on
entrepreneurship
ideas in action
Objectives
3. Identify the pursuit of Entrepreneur’s Resources to Transform
knowledge for Idea and Pursuit of Knowledge
entrepreneurs Business and
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Knowledge is a
familiarity, awareness, or
understanding of
someone or something,
such as facts,
information,
descriptions, or skills,
which is acquired
KNOWLEDGE
through experience or
education by perceiving,
ENTREPRENEURS
discovering, or learning.
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► Creativity – ability to search and find new solutions
► Intuition – be able to predict future development
from own experience without analysis
► Goal-oriented – be able to set real goals and respect
the goal’s hierarchy
► Responsibility – sense for achieving set goals and
objectives
► Self-confidence – belief in own strength and ability to
achieve goals
► Initiative – an effort to look for new possibilities and
solutions for reaching set goals
► Independence – the courage to make decision based
on own judgment
► Cautiousness – be able to make decision under stress
and unsure conditions
► Scrupulosity - support social values and norms FUNDAMENTAL MANAGEMENT
► Discipline – self-control and regulation of own
behavior KNOWLEDGE
► Persistence – tenacity needed to overcome barrier

ENTREPRENEURS
when achieving goals
► Optimism – orientation towards positive goals and
things in connection with faith in success
► Fantasy – creation of visions and imaginations about
future
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► Interpersonal roles –
Figurehead, Leader, Liaison

► Information roles – Monitor,

Disseminator, Spokesperson
DIFFERENT ROLES
► Decision making role –
Entrepreneur, Disturbance
handler, Resource Allocator,
ENTREPRENEURS
Negotiator
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Answer in not less than 5 sentences the
following questions: (1/2 crosswise; 25
pts each question)

1. After knowing the different roles of

an entrepreneur or a CEO, would
you still like to be one? Why or why
not?

2. Among all the roles of an

entrepreneur, which do you think is
the most challenging one for you?
You will be scored based on the
following criteria:
Activity
a. Reasoning – 10 points
b. Relevance – 5 points
Role of an Entrepreneur
c. Over-all content – 10 points
Total 25 points
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 Activity
Essay
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► Technical
BASIC MANAGERIAL SKILLS
► Interpersonal
► Conceptual ENTREPRENEURS
► Communication
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► Technical – ability of manager to use
specific methods and techniques in doing
the managerial work. However these
technical skills are not related to technology,
such as skills of engineer. The technical skills
for managers represent the usage of
methods like break even analysis in planning
or ability to prepare for and conduct
a structured interview.

► Interpersonal – people are most valuable

resource of any enterprise and manager
needs to know how to lead people. Abilities
include motivation of workers, solving work BASIC MANAGERIAL SKILLS
conflicts, communication and working with
people. Therefore interpersonal skills are
essential on every level of management. ENTREPRENEURS
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► Conceptual – these skills are must for
middle or top manager. This is the ability
to “grasp the whole picture”. See the
organization as one whole intertwined with
the surrounding environment with the
relevant priorities and important issues.

► Communication – manager needs

information for decision making. Ability to
disseminate and receive information is thus
BASIC MANAGERIAL SKILLS
important tools for manager. It is not only
verbal communication, but the manager
should be able to distinguish nonverbal ENTREPRENEURS
signals, mood and feelings to filter the right
information.
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As the enterprise grows, there are
different specific needs for managerial
skills and knowledge. The need and
range of different managerial skills
depend on many factors and therefore
an attempt to “craft” universal skill
sets will never be perfect.

One universal factor taken into

account can be the development
phase of the enterprise. Newton Education in Management
created a certain pyramids with
different levels of managerial skills.
These levels resemble the type of skills ENTREPRENEURS
needed indifferent phases of
development.
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 Different Levels
Managerial Skills
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At the base of the pyramid is group of basic
skills and competencies. At least basic
“understanding” is needed in reading
numbers (i.e. financial statements) and
working with computer. It is hard to survive
without them in knowledge economy. Many
entrepreneurs include in these skills also the
“technical skills” needed to produce the
particular product or render the service. This
is their “selling card”.
Different Levels
Usage of managerial skills in next level
includes the application of basic
entrepreneurial skills to prepare business
Managerial Skills
plan.
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Following comes to attention communication
skills, which serve the following purpose:

► To secure financing from investors and

banks
► Convincing potential customers of
advantages of the particular product or service
► To acquire key personnel for the enterprise
► To acquire the best advice and consultancy
► To form and cultivate partnerships and
alliances Different Levels
Formal planning and strategy become
important component of managerial skills. Managerial Skills
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Later, slowly piece by piece the whole puzzle of
enterprise begins to put together and visionary
is in the lead.
• How does the enterprise see itself in future?
• What mission should it undergo?
• What enterprise culture does it want to
create?
Otherwise the whole journey can become a
“wild goose chase”.
The pyramid represents set of certain managerial
skills, which are needed to manage the growth
Different Levels
of small enterprises successfully. They should be
respected by anyone who is in the small business
and also by support and advisory programs for
Managerial Skills
small enterprise development.
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 ThankYou
Joshua C. Ababon, Jr., MBA
+639052479144
joshababonjr@gmail.com
Business and Entrepreneurship

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