INTRODUCTION

TO
ENTREPRENEURSHI
P
DIAGNOSTIC TEST
Read the statement below and identify if it is Entrepreneurship
or Entrepreneurs.

1. Provide you with basic entrepreneurship ideas and

principles regardless of the academic track being.

ENTREPRENE
UR
DIAGNOSTIC TEST
2. It is high-risk, but also can be high-reward as it
serves to generate economic wealth, growth and
innovation.

ENTREPRENEUR
HIP
DIAGNOSTIC TEST
3. Creates a firm, which aggregates capital and labor in
order to produce goods or services for profit.

ENTREPRENE
UR
DIAGNOSTIC TEST
4. It is an important driver of economic growth and
innovation.

ENTREPRENEURS
HIP
What you need to know
Entrepreneurship
is encouraged by the economy because it can
provide a lot of opportunities for the unemployed
people. It will increase per capita income,
improve standard of living and increase individual
saving, provide revenue to the government in the
form of income tax, value added tax, export
duties, and balanced regional development.

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OBJECTIVES

At the end of the lesson you are

expected to:
 Discuss the relevance of the course:
 Explain the key concepts of common competencies

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What I know

1. An entrepreneur is a
• Instruction; “Risk Taker”.
Read the statements 2. Entrepreneurship will lead
carefully then write to the creation of
organization.
TRUE if the
3. Coward people will
statement is correct become successful
& write FALSE if Entrepreneurs.
you think the 4. Entrepreneurs are
statement is not innovative.
correct. 5. Entrepreneurs
means to “undertake”.

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 Relevance of Entrepreneurship to
an Organization
 Development of Managerial Capabilities- this means
that one of the benefits an entrepreneur gets is to
develop his managerial skills.

 Creation of Organizations- which means that because

of entrepreneurship many organizations will exist.
 Relevance of Entrepreneurship to
an Organization
 Improving Standard of Living- this means that
entrepreneurship can lift up the economic status of
an individual.

 Means of Economic Development- this means that

not only the life of the entrepreneur is improved but
also the society where the business is located.
 Concept of Entrepreneurship

The word “entrepreneur” was derived Entrepreneurs are innovators. They

from the French verb entreprendre, are willing to take risks and generate
which means “ to undertake”. This unique ideas that can provide
is pinpointing to those who “ profitable solutions to the needs of
undertake” the risk of enterprise. The the market and the society.
enterprise is created by an
entrepreneur and the process is called
“Entrepreneurship.”
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Factors Affecting Entrepreneurship

1. Personality Factors which include:

Initiative Proactive Problem

Solver Perseverance

Which means Meaning he

Doing things Which means will pursue
even before he can classify can retain
good relations things to get
being told. opportunities done
and seize it. with other
people. regardless of
challenges.

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Factors Affecting Entrepreneurship

1. Personality Factors which include:

Risk-
Persuasion A Planner taker

Meaning that He makes Which means

he can entice plans before that he is
people to buy doing things willing to
even if they and does not gamble but he
don’t want to. fail to monitor will calculate
it. it first.
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Factors Affecting Entrepreneurship

2. Environmental Factors-which include

political, legal system, economic, and social
conditions and market situations.

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Common Competencies of Entrepreneurship

Decisive Leader

Communicator

Opportunity Seeker

An entrepreneur must An entrepreneur must

An entrepreneur must An entrepreneur must
have the charisma to be have the ability to be
be firm in making have a convincing
obeyed by his the first to see business
decisions. power.
employees chances.

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Common Competencies of Entrepreneurship

Innovative
Proactive
Risk Taker

An entrepreneur has big

An entrepreneur must An entrepreneur has the business ideas and he
have the ability to be courage to pursue does not stop improving
the first to see business business ideas. and thinking of new
chances. worthwhile ideas for his
business.

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What you have learned

______________ are people who

take the risk, they are innovative
and contributors to the
development of the ___________.

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