ENTREPRENEURSHI

P
It is the ability to set up and build
something out of practically nothing.

It is the creative act of building and

developing one’s resources in order to
enhance financial capability.

It is the process of creating incremental

wealth.
 CONCEPTS OF
ENTREPRENEURSHIP
It is aimed to gear someone towards self-
employment for creating small and medium-sized
business.

It is the process of starting something different with

value by:
■ devouring the necessary time and effort
■ assuming the accompanying financial
■ psychic and social risk
■ receiving the resulting rewards of monetary and
personal satisfaction.
FILIPINO VALUES FAVORABLE TO
ENTREPRENEURSHIP

PAKIKIPAGKAPWA
PAKIKISAMA BAYANIHAN
MALASAKIT LAKAS NG LOOB SIPAG AWA
UTANG NA LOOB BAHALA NA KATIPIRAN
AMOR PROPIO PAKIKIPAGSAPALARAN PAGKAMATIISIN
CLOSE FAMILY TIES PAGTITIMPI
KATAPATAN
FILIPINO VALUES AND PRACTICES THAT DETER ENTREPRENEURSHIP

AUTHORITARIAN
BELIEF IN THE EXISTENCE OF ALL- KANYA-KANYA
POWERFUL
CRAB MENTALITY
FORCES THAT CONTROL DESTINY
BALAT-SIBUYAS
AMOR PROPIO
NINGAS-KUGON
BAHALA NA
SOBRANG MAKISAMA
CLOSE FAMILY TIES
SEGURISTA
COLONIAL MENTALITY
HIYA
GAYA-GAYA
AN ENTREPRENEUR IS A MAN/WOMAN WHO:

PERCEIVES BUSINESS OPPORTUNITIES IN THE ENVIRONMENT;

TAKES RISK TO MAKE USE OF BUSINESS OPPORTUNITIES;

INTRODUCES INNOVATIONS OR IMPROVEMENTS TO MAKE THE BUSINESS BETTER;

INVESTS HIS/HER OWN OR BORROWS MONEY TO USE IN THE BUSINESS;

MAKES PLANS AND DECISIONS FOR THE BUSINESS

MAKES PROFIT.
TASK OF ENTREPENEURS
■ TAKE AND ACCEPT RISKS.
■ OWN VENTURES.
■ ARE MANAGERS.
■ IS A CREATOR; THE MANAGER IS A CUSTODIAN.
■ TAKES RISKS; THE MANAGER SEEKS STABILITY.
■ TAKES RESPONSIBILITY, THE MANAGER IS MERELY
RESPONSIBLE.
TASK OF ENTREPENEURS

■ ACHIEVE; MANAGERS ATTAIN TARGETS.

■ ARE FUTURE ORIENTED;MANAGERS ARE NOW ORIENTED.
■ THRIVE IN CHAOS; MANAGERS THRIVE ON STRUCTURE.
■ ESTABLISH NEW VENTURES AND IMPROVE EXISTING
ONES.
■ IDENTIFY OPPORTUNITIES IN THE MARKET.
■ APPLY THEIR EXPERTISE.
TASK OF ENTREPENEURS

■ PROCESS MARKET INFORMATION.

■ BRING INNOVATIONS.
■ PROVIDE MARKET EFFICIENCY.
■ MAXIMIZE INVESTMENT RETURNS
■ PROVIDE LEADERSHIP.
CHARACTERISTICS OF AN
ENTREPENEUR
■ GOOD PHYSICAL HEALTH
■ SUPERIOR CONCEPTUAL ABILITIES
■ BROAD THINKING OF THE GENERALIST
■ HIGH SELF- CONFIDENCE
■ STRONG PERSONAL DRIVE
■ NEED TO CONTROL AND DIRECT
CHARACTERISTICS OF AN
ENTREPENEUR
■ MODERATE INTERPERSONAL SKILLS
■ MODERATE RISK TAKERS
■ HAVE A REALISTIC OUTLOOK
■ HIGH DEGREE OF EMOTIONAL STABILITY
■ HAVE A LOW NEED-LEVEL FOR STATUS
PERSONAL ATTRIBUTES OF AN
ENTREPENEUR
■ CONFIDENCE AND OPTIMISM
■ PERSEVERANCE,DYNAMISM AND
LEADERSHIP
■ ENERGY, DILIGENCE
■ INITIATIVE AND RESOURCEFULNESS
■ COURAGE AND ABILITY TO TAKE
CALCLATED RISKS
■ VERSATILITY;KNOWLEDGEABLE ABOUT
PRODUCT, MARKET, MACHINERY AND
TECHNOLOGY
■ CREATIVITY,IMAGINATION AND ABILITY
TO INFLUENCE AND GET ALONG WITH
OTHERS
■ COMMITMENT AND RESPONSIBILITY
■ PROFIT ORIENTATION
■ SENSE OF POWER AND ABILITY TO
LEARN FROM MISTAKES
■ FLEXIBILITY AND CLEAR GOAL
ORIENTATION
■ POSITIVE RESPONSE TO CHALLENGES
AND INDEPENDENCE
■ TIME-COMPETENCE, EFFICIENCY AND
ABILITY TO MAKE DECISIONS QUICKLY
■ AGGRESIVENESS
■ SENSITIVITY TO OTHERS AND ABILITY
TO TRUST WORKERS
■ HONESTY, INTEGRITY , MATURITY, AND
BALANCE
CHARACTERISTICS OF
SUCCESFUL ENTREPENEURS
■ COMMITMENT AND ■ ORIENTATION TO THE ■ RECEPTIVENESS TO
DETERMINATION FUTURE NEW IDEAS
■ DESIRE FOR ■ WILLINGNESS TO ■ ASSERTIVENESS
RESPONSIBILITY LEARN FROM FAILURE
■ INFORMATION SEEKING
■ OPPORTUNITY ■ LEADERSHIP ABILITIES
OBSESSION ■ EAGER TO LEARN
■ HARD WORK
■ TOLERANCE FOR RISKS, ■ ATTUNED TO
AMBIGUITY AND ■ SELF- STARTING OPPORTUNITY
UNCERTAINTIES ■ SETTLING OF ■ RECEPTIVE TO CHANGE
■ CREATIVITY AND PERSONAL GOALS
■ COMMITMENT TO
FLEXIBILITY ■ RESILIENCE OTHERS
■ DESIRE FOR IMMEDIATE ■ CONFIDENCE ■ COMFORT WITH POWER
FEEDBACK
■ HIGH LEVELS OF
ENERGY