Nurse

Entrepreneurship
 discuss entrepreneur, entrepreneurship,
enterprise, and the entrepreneurial process
At the end of the 3-hour
discussion, the students compare and contrast the
different perspective and types of
will be able to: entrepreneurship

develop an entrepreneurial
mindset

justify the deliberate practice of

entrepreneurship
Definition of Terms

Types and perspectives of

entrepreneurship

Important skills set

Socail entrepreneurship
 Case Scenario
Adapted from The Practice Entrepreneur of Joyce, Malbon, Green (2017)

The potential of systems science concepts to

inform approaches for addressing complex
public health problems, such as obesity
prevention, has been attracting significant
attention over the last decade. Despite its recent
popularity, there are very few studies examining
the application of systems science concepts,
termed systems thinking (mapping, reflection,
etc.), in practice and whether (if at all) it
influences the implementation of health
promotion in real world settings and in what
ways. What important opportunity(ies) to
examine systems based practice could be
provided innovatively?
entreprendre (French) - to undertake
A person who organizes and operates a business or businesses,
taking on greater than normal financial risks in order to do so
(Oxford dictionary)

One who organizes, manages, and assumes the risks of a business

or enterprise (Merriam-webster dictionary)

Nurse entrepreneur - a registered nurse who uses his/her training,

knowledge, and expertise in creating & developing business(es)
within the healthcare field through creativity, business systems,
and problem-solving and investing strategies (Penaranda, L (2018)
A registered nurse who uses his/her training, knowledge, and
expertise in creating & developing business(es) within the
healthcare field through creativity, business systems, and
problem-solving and investing strategies (Penaranda, L (2018)

A proprietor of a business that offers nursing services of a direct

care, educational, research, administrative or consultative nature
(ICN, 2012)
The activity of setting up a business or businesses, taking on
financial risks in the hope of profit (Oxford dictionary)

Whitehead (2003) describes entrepreneurship as having to do

with the spirit of imagination and creativity and courage to
develop new ideas

*ENTREPRENURSE - project developed by DOLE in collaboration

with the PRC-BON, UPCN, OHNAP in 2010 to facilitate nurse
entrepreneurship
A project or undertaking, typically one that is difficult or requires
effort (Oxford dictionary)

project or undertaking, typically one that is difficult or requires

effort; may be a corporation or a non-profit institution (OECD,
2023)

*ENTREPRENURSE - project developed by DOLE in collaboration

with the PRC-BON, UPCN, OHNAP in 2010 to facilitate nurse
entrepreneurship
 Assessment

Diagnosis
Opportunity recognition
(Identify)
Planning &
Analyze & Plan Implementation

Collecting resources Evaluation

Forming an organization &
growing business
• older and traditional view
• used in situations of certainty
• linear process
• "big planning"
• expected return
• avoids failure at all costs
• newer; developed with recent
advances in entrepreneurship
• used in situations of uncertainty
• experimentation process &
iterative
• "small" actions
• starting with what you have
• acceptable loss
 Important to the practice of entrepreneurship

Manage uncertainties by: 5 Most Important Skills of an Entrepreneur

• Skill of PLAY - opens mind to a wealth of opportunities

and possibilities; innovate
• Skill of EXPERIMENTATION - acting in order to learn and
• NARRATIVE
building that learning to iteration • EMOTIONAL
• Skill of EMPATHY - understanding the emotions, • PERCEPTIVE
circumstances and needs of others • ANALYTICAL
• EVALUATIVE
• Skill of CREATIVITY - find opportunities and solve • EXPERIENCE
problems
• Skill of REFLECTION - helps make sense of all of the
other skills & actions
US Chamber of Commerce, 2023)
• For-profit business model that
strives to make a positive
impact on social issues or the
environment
• process by which entrepreneurs
develop and fund solutions that
directly address social issues
• a person who explores business
opportunities that have a
positive impact on their
community, in society or the
world
• Examples: TOMS, Ben & Jerry's,
Lush, Human Nature, R2R,
edukasyon.ph
 Watch Online
Generate New ideas
Videos

ACTION 1 ACTION 2

The Creation Approach Explain how the entrepreneurial mindset

www.youtube.com/watch?v=3DBOn7QS7iI relates to opportunity recognition.
Entrepreneur Gary Whitehill describes how
individuals can use creativity to turn ideas into reality.
Employ strategies for generating new
The Skill of Play ideas from which opportunities are born.
www.ted.com/talks/steven_johnson_how_play_leads_
to_great_inventions
In this TED talk, Steven Johnson discusses how ideas
can arise from a sense of playfulness.

Using a Method
www.youtube.com/watch?v=Ruvb_kGAMYw
Entrepreneurship expert Saras Sarasvathy discusses
the entreprenuerial method in approaching tasks,
and compares it with a process approach.
 References

US Chamber of Commerce (2023). What Is Social Entrepreneurship?

5 Examples of Businesses with a Purpose
https://www.uschamber.com/co/start/startup/what-is-social-
entrepreneurship

A Joyce, C Green, G Carey, E Malbon, The ‘Practice Entrepreneur’ –

An Australian case study of a systems thinking inspired health
promotion initiative, Health Promotion International, Volume 33,
Issue 4, August 2018, Pages 589–599,
https://doi.org/10.1093/heapro/daw102what-is-social-
entrepreneurship

https://edge.sagepub.com/neckentrepreneurship/student-
resources/chapter-2/learning-
objectives#:~:text=Prediction%20is%20the%20opposite%20of,for
%20The%20Practice%20of%20Entrepreneurship.

https://www.studocu.com/en-us/document/virginia-polytechnic-
institute-and-state-university/cornerstones-of-entrepreneurship-
and-innovation/chapter-two-notes/3335504