GEC 20: THE

ENTREPRENEURIAL MIND
Contact Information:
CP No: 0919-098-4231
RENE B. JELLY
Email: rbjelly@bicol-u.edu.ph
Technical Staff, BU CTCED
FB Account: Rene Jelly Affiliate Faculty, CBEM-Entrep Dept
Bicol University
Consultation Time: W: 8:00 AM-12:00 NN
If you were to choose a symbol, a
picture or an image that would
represent entrepreneurship for
you, what would it be and why?
ENTREPRENEURSHIP
"the practice of consistently converting
good ideas into profitable commercial
ventures."
“the process of designing, launching and
running a new business, which typically
begins as a small business, offering a product,
process or service for sale or hire, and the
people who are called 'entrepreneurs'

Peter F. Drucker
Innovation and
Entrepreneurship
 ENTREPRENEURSHIP IS A BIG IDEA

“The most powerful source in

the world is the big idea,
but only if it is in the hands
of a good entrepreneur.
This can move the world.”
Bill Drayton, Founder of Ashoka
ENTREPRENEURSHIP IS A DISCIPLINE

“Entrepreneurship is not
magic. It’s not mysterious; and
it has nothing to do with genes.
It’s a discipline , and like any
discipline, it can be learned “
Peter Drucker
 Entrepreneurship is a PRACTICE

“Practice of consistently
converting good ideas into
profitable commercial ventures.”

Peter Drucker,
Innovation & Entrepreneurship
ENTREPRENEURSHIP IS
CREATING VALUE
“Entrepreneurship is about
continual innovation and
creativity “
Kuratko, Introduction to Entrepreneurship ,South
Western Cengage Learning , 2009
 WHO IS THE
ENTREPRENEUR?
 THE ROLE OF
ENTREPRENEUR

perceives mobilizes capital for a

opportunities in an takes risks introduces innovation
business
environment
 THE ROLE OF THE
ENTREPRENEUR

organizes labor and sells his product a

makes decision plans ahead profit
production
BUSINESSMAN

$1 $ 1.5

ENTREPRENEUR

$ 1.5 $ 5.5
 In this course, re: Entrepreneurial Mind, we will deal with the meaning and
attributes of entrepreneurship and its social role and impact. This includes
innovativeness, risk-taking, self-reliance, opportunity seeking, personal initiative,
proactive, and persistence (CMO No. 20 Series of 2013). The said meanings and
attributes of entrepreneurship can be deeply inculcated in the learners through
understanding the entrepreneurial process and action. This will provide the learners
with comprehensive knowledge on how to start, organize, and manage an enterprise
from an entrepreneurial perspective.