OVERVIEW OF

“ENTREPRENEURSHIP”

MS. KATHY C. DELA PAZ

GUESS
WHO?
 He dropped out at Harvard
He was born on May 14, 1984 at University after his sophomore
New York United States. year to continue working on his
programming.

He was featured at Time He is the CEO and founder

magazine as “Person of the of “FACEBOOK”
Year” in 2010 and in 2013
 He started wearing his signature
He was adopted, and his
black turtleneck because his
biological father was a Syrian
employees didn’t want to wear a
immigrant.
company uniform.

His final words were “oh wow.

Founder and CEO of Apple.
oh wow. oh wow.”
 He created a video game at age
He was born in South Africa
12 and sold it for $500

Founder, CEO and Chief Engr.

He is the richest person in the
Of Space X and CEO of Tesla
world.
Inc.
 A Filipino billionaire
He owns approximately 1500
businessman, born in Davao Del
stores all over the world.
Sur.

He is the 9th richest man in the He is the founder and chairman

Philippines with his net worth of of JFC and the co-chairman of
$2.4B Double-dragon Properties
 His biological father was a circus
He has eaten an iguana.
performer.

He’s so rich that his superyacht He was the richest man in the
has its own yacht. world last year.

ENTREPRENEUR
Refers to the person who
creates a new enterprise
ENTREPRENEURSH
IP
A process of creating a new enterprise
with the name of making profit

Business venture which is being

created by the entrepreneur

ENTERPRISE
• The word “entrepreneur” is derived from the French verb
enterprendre, which means “to undertake”. This refers to those
who “undertake” the risk of new enterprises.
• An enterprise is created by an entrepreneur. The process of
creation is called “entrepreneurship”

• Entrepreneurship is one of the resources economists categorize as

integral to production; the three resources are

LABOR

LAND

CAPITAL
Definition of Terms:

• Business Innovation – it involves developing new products or

improving existing technologies, processes, designs and marketing
to solve problems, increase efficiency, reach new customers, and
ultimately increase profits.
• Business Opportunity – it involves sale or lease of any product,
service, equipment, etc. that will enable the purchaser-licensee to
begin a business.
• Entrepreneurship – refers to the act of creating a business or
businesses while building and scaling it to generate a profit.
• Entrepreneur – is a person who sets up a business with the aim to
make a profit.
• Livelihood – refers to their “means of securing the basic necessities
of life.”
• Economy – the system of production, distribution and consumption.
The overall measure of a currency system; as the national economy.
• Social Change – refers to any significant alteration over time in
behavior patterns and cultural values and norms.
• Socioeconomic – related to the differences between groups of
people caused mainly by their financial situation.
• Business Venture – It is a new business that is formed with a plan
and expectation that financial gain will follow. It is usually formed
out of a need for a service or product that is lacking in the market.
• Relevance – It is simply the noun form of the adjective “relevant”
which means “important to the matter at hand”
ASSIGNMENT #1:
1. What five (5) appropriate products and services that can be
conceptualized during this COVID-19 pandemic? Explain your
answer.
2. Give three (3) importance of Entrepreneurship to the economy.
3. Give two (2) relevance of Entrepreneurship to you as a student.

THANK YOU!