ENTREPRENEURSHIP

INTRODUCTION
PREPARED BY: MANOLITO D. DE LEON
CONTENT

Introduction
1. Relevance of the course
2. Key concepts and common competencies
3. Core competency in Entrepreneurship
4. Career opportunities
CONTENT STANDARD & PERFORMANCE STANDARD

• The learner demonstrates understanding of key concepts,

underlying principles, and core competencies in
Entrepreneurship.
• The learner independently creates/provides a quality and
marketable product and/or service in Entrepreneurship.
LEARNING COMPETENCIES

1. Discuss the relevance of the course;

2. Explain the key concepts of common competencies;
3. Explain the core competencies in Entrepreneurship.
4. Explore job opportunities for Entrepreneurship as a
career.
OVERVIEW
1. Some people make a big deal out of the fact that there are many successful business founded by
entrepreneurs who do not have a college degree. Often cited are apple founded Steve Jobs, Microsoft
founder Bill gates, Facebook co founder Mark Zuckerberg, in Philippines we have Philippines Airlines
and Asia brewery owner Lucio Tan, Mang Inasal founder Edgar Sia II. These individuals went to
college but decided to drop out after spotting a business opportunity. The others came from poor
families, and not afford college education, but succeeded in growing their businesses.
2. However, we must not lose sight of the fact that other equally successful businesses were founded by
individuals who earned their college degrees. Example ae Jollibeee founder Tony Tan Caktiong,
Lamoiyan Corporation founder Cecilio Pedro, and ECHOstore co- Pacita Juan.
3. In this module, we identify the different types of entrepreneurs. We also describe the various stages
that entrepreneurs undergo in implementing their business plans.
DEFINE:
ENTREPRENEUR AND ENTREPRENEURSHIP

Common Definition:
• Entrepreneur – a business person
• Entrepreneurship – the business
ENTREPRENEUR

Originates from the French word

“ENTREPRENDRE” which means “to undertake”.
Business framework which signifies the start of a new business undertaking.
ENTREPRENEURSHIP
An art of observing correct practices in managing and operating a self-owned
wealth-creating business enterprise by providing goods and services that are
valuable to the customers.
DIAGNOSTIC TEST
IDENTIFY IF ENTREPRENEURSHIP OR ENTREPRENEUR

1. Q. A person who undertakes the risk of starting a new business venture.

Ans. Entrepreneur
2. Q. It is high-risk, but also can be high-reward as it serves to generate economic wealth,
growth, and innovation.
Ans. Entrepreneurship
3. Q. Creates a firm, which aggregates capital and labor in order to produce goods or
services for profit.
Ans. Entrepreneur
DIAGNOSTIC TEST
4. Q. Playing a key role in any economy using the skills and initiative necessary to anticipate
needs and bring good new ideas to market.
Ans, Entrepreneur
5. Q. An important driver of economic growth and innovation.
Ans. Entrepreneurship
6. Q. Creates a business plan, hire labor, acquire resources and financing, and provide leadership
and management for the business.
Ans. Entrepreneur
TYPES OF ENTREPRENEUR

1. Mega entrepreneurs- Individuals who are willing too

absorb huge risks of using enormous amount of capital in
their business ventures.
2. Microentrepreneurs- Individuals who are engaged in micro
or small businesses as an alternative formal employment.
The world of entrepreneurship these days has already evolved, and new
terms are coined to suit an entrepreneurs, field of expertise.

• Technopreneur- An entrepreneur puts technology at the core of his or her

business model. Revolutionizes the prevailing economic order by making
the best use of technology at hand. They introduce new concept of product
and services in the market.
IMPORTANCE OF ENTREPRENEURSHIP
1. Entrepreneurship generates new wealth in an economy.
2 Entrepreneurship decreases poverty
3. It creates opportunities, ensures social justice, instills confidence and stimulates the economy.
4. Entrepreneurship improves productivity.
5. Entrepreneurs create jobs.
6. Entrepreneurs innovate
7. Entrepreneurs create innovation and social change.
8. Entrepreneurs to society
CORE COMPETENCIES IN ENTREPRENEURSHIP

3 MAJOR CLUSTERS:
1. ACHIEVEMENT CLUSTER
2. PLANNING CLUSTER
3. POWER CLUSTER
ACHIEVEMENT CLUSTER

• Traits that are directly related to the entrepreneur’s desire to be an achiever in the field of
entrepreneurship. Does not settle for mediocrity but instead aspires for quality.
TRAITS UNDER ACHIEVEMENT CLUSTER
1. AN OPPORTUNITY SEEKER
2. COMMITTED
3. PERSISTENT
4. A RISK TAKER
5. EFFICIENT AND QUALITY-ORIENTED
PLANNING CLUSTER

• Traits that supports the achievement cluster. A Plan serves as a blueprint to be undertaken
by the entrepreneur.
TRAITS UNDER PLANNING CLUSTER
1. A GOAL-SETTER
2. AN INFORMATION SEEKER
3. SYSTEMATIC IN PLANNING AND MONITORING
POWER CLUSTER

• Traits that reflect the degree of the interpersonal relations maintained by successful
entrepreneurs in the community.
• Ability to maintain the highest degree of interrelationship in the business community and
influence others over his/her line of reasoning.
• TRAITS UNDER POWER CLUSTER
1. A PERSUASIVE AND POSITIVE NETWORKER
2. SELF-CONFIDENT
RELEVANCE OF ENTREPRENEURSHIP TO SHS
STUDENTS
1. To prepare students for livelihood even before college.
2. Entrepreneurship education aids students from all socioeconomic backgrounds to think outside the box and
nurture unconventional talents and skills.
3. Entrepreneurship develops their initiative and helps them to be more creative and self-confident in whatever they
undertake and to act in a socially responsible way.
4.It exposes students to numerous opportunities to learn how to think critically and analyze the pieces on the board.
5. Being aware of all the important factors and seeing how they affect each other is the foundation of a smart
decision- making process.
6. Students must be exposed to real-world examples and learn from their own experience.
7. Entrepreneurship education requires students to be innovative, creative, and collaborative with others.
8. Entrepreneurship education provides budding Entrepreneurs with the skills and knowledge to come up with
business ideas and develop their own ventures.
REASONS WHY MANY WOULD LIKE TO BECOME
AN ENTREPRENEUR
1. Achievement, Challenge, & Learning
2. Independence & Autonomy you can set your own goals, pick their own partners, and face the
consequences of your decisions.
3. Income Security and Financial Success.
4. Recognition and Status
5. Family
6. Dissatisfaction with current work arrangement.
7. Community and Social Motivation
JOB OPPORTUNITIES FOR
ENTREPRENEURSHIP AS A CAREER
• Business Consultant
• Sales
• Research and development
• Teacher
• Talent recruiter
• Business reporter
• New venture creation
• Career in existing entrepreneurial ventures