B I C O L U N I V E R S I T Y

C O L L E G E O F B U S I N E SS E C O N O M I C S A N D
M A N A G E M E N T
E N T R E P R E N E U R S H I P D E PA RT M E N T
D A R A G A , A L B AY

Entrepreneurship
and
Entrepreneur
P R O F. G E N I V A M . N A R I O
SUBJECT INSTRUCTOR
G E C 2 0 -T H E ENTREPRENEURIAL MIND
F A C U LT Y, E N T R E P R E N E U R S H I P D E P A R T M E N T
 AGENDA
• ENTREPRENEURSHIP
• HISTORY OF ENTREPRENEURSHIP
•ENTREPRENEURSHIP
MAKE SPECIAL
• ENTREPRENEUR
•ENTREPRENEURMAKES
SUCCESSFUL
ENTREPRENEURSHIP: FINDING A
WAY THROUGH THE MAZE

Entrepreneurs It pertains to
hip is basically engaging in
aimed towards small and
self- medium sized
employment. business.
 W H AT I S
ENTREPRENEURSHIP?
 Entrepreneurship
is the act of being
an entrepreneur,
ENTREPRENEURSHIP derived from a
DEFINED :
French word
entreprendre
meaning “to take
up”.
ENTREPRENEURSHIP DEFINED:
• is what the entrepreneur does
• is a process of innovation and
new-venture creation through
four major dimensions- individual,
organization, environment,
process- and by collaborative
networks in government,
education and institutions.
• a dynamic process of creating
incremental wealth
THE HISTORY OF
ENTREPRENEURSHIP

DANIEL DEFOE, 1887

Entrepreneurs
were
“projectors”.
THE HISTORY OF
ENTREPRENEURSHIP
Joseph Schumpeter,
1934

The entrepreneur is
the innovator
who implements
change within
markets through the
carrying out
of new combinations.
PRODUCT
- the introduction of a new
good or quality

PROCESS
- the introduction of a new
method of production

THE FIVE
BUSINESS MODEL FORMS OF
- the opening of a new market INNOVATION
SOURCE OF SUPPLY
- the conquest of a new
source of supply of new
materials or parts
MERGERS AND
DIVESTMENTS
- the carrying out of the new
organization of any industry
 THE HISTORY OF
ENTREPRENEURSHIP
Forms of Innovation:
• The introduction of a new good or
quality
THE HISTORY OF
ENTREPRENEURSHIP
Forms of Innovation:
• the introduction of a new method of
production
THE HISTORY OF
ENTREPRENEURSHIP
Forms of Innovation:
• The opening of a new market,
THE HISTORY OF
ENTREPRENEURSHIP
Forms of Innovation:
• The conquest of a new source of supply
of new materials or parts
THE HISTORY OF
ENTREPRENEURSHIP
Peter Drucker,
1985

Entrepreneurship is the
act of innovation
involving endowing
existing resources
with new wealth-
producing capacity.
W H AT T H E N , M A K E S
ENTREPRENEURSHIP
SPECIAL?!?
 W H AT I S T H E D I F F E R E N C E
BETWEEN AN ENTREPRENEUR
AND A BUSINESSMAN?
 Entrepreneurship is the
process of creating
something new with value
by devoting the necessary
time and effort; assuming
THE the accompanying
CONCEPT
OF financial, psychic and
ENTREPRENEURSHI social risks and
P
uncertainties and
receiving the resulting
rewards of monetary and
personal satisfaction.
(Hisrich, Peters and
Shepherds)
THE HISTORY OF
ENTREPRENEURSHIP
Commission of the European
Communities, 2003

Entrepreneurship is the
mindset and process to
create and develop
economic activity by
blending risk-taking,
creativity and/or innovation
with sound management,
within a new or an existing
organization.
 WHO IS THE
ENTREPRENEUR?
A PERSON BEHIND THE
ENTREPRENEURSHIP
THE ENTREPRENEUR: THE
INDIVIDUAL THAT STEERS

ENTREPRENEURS ENTREPRENEURS ENTREPRENEURS

TAKE AND OWN VENTURES ARE MANAGERS
ACCEPT RISK
 ENTREPRENEURS MANAGERS

The Entrepreneur is The manager is a

a creator custodian

The entrepreneur The manager seeks

takes risk stability
The entrepreneur is The manager is
personally merely responsible
responsible
The entrepreneurs The managers attain
achieve target
The entrepreneurs The managers are
are future oriented now oriented
THE ENTREPRENEUR: THE
INDIVIDUAL THAT STEERS

Entrepreneurs
Entrepreneurs
establish new
identify
ventures and
opportunities in
improve existing
the market
ones

Entrepreneurs
Entrepreneurs
process market
bring innovations
information
 THE ENTREPRENEUR: THE
INDIVIDUAL THAT STEERS

ENTREPRENEURS ENTREPRENEURS ENTREPRENEU

PROVIDE MARKET MAXIMIZE RS PROVIDE
EFFICIENCY INVESTMENT
RETURNS LEADERSHIP
 W H AT M A K E S
THE
ENTREPRENEUR
SUCCESSFUL?
WHAT MAKES THE
ENTREPRENEUR
SUCCESSFUL?

Entrepreneur Entrepreneur Entrepreneur Entrepreneur

s are in good s have s have a s have high
physical superior broad self
health conceptual thinking of a confidence
abilities generalist
WHAT MAKES THE
ENTREPRENEUR
SUCCESSFUL?

Entrepreneur Entrepreneur Entrepreneur Entrepreneur

s have strong s have s are s have a
personal moderate moderate realistic
drive interpersonal risk takers outlook
skills
 WHAT MAKES THE
ENTREPRENEUR
SUCCESSFUL?
• Entrepreneurs have a high
degree of emotional stability
• Entrepreneurs have low-
need level for status
• Entrepreneurs have a one
track mind
WHAT MAKES THE ENTREPRENEUR SUCCESSFUL?

ENTREPRENEUR ENTREPRENEU ENTREPRENEUR ENTREPRENEUR

S HAVE PLENTY RS HAVE HIGH S HAVE GOOD S HAVE A
OF STAYING ENERGY LEVEL, JUDGMENT POSITIVE CAN
POWER NURTURED BY ABOUT PEOPLE DO ATTITUDE
PERIODS OF
RELAXATION

ENTREPRENEUR
S HAVE A
PRACTICAL
APPROACH TO
BUSINESS AND
LIFE
• OPPORTUNITY IDENTIFICATION

• OPPORTUNITY EVALUATION

• OPPORTUNITY EXPLOITATION

• BUSINESS PLANNING

• IMPLEMENTATION
HOMEWORK NO. 2
• Group yourselves into 5. Relate the
development of entrepreneurship
values and attitudes with early life
experiences i.e family upbringing,
childhood training and cultural
influences. Share your experiences
with your group mates.
• Answer the question “Are
entrepreneurs born or made”?
• Present your output to the class.
THANK
YOU!