This document provides an introduction to entrepreneurship. It defines entrepreneurship as the process of creating an enterprise undertaken by an entrepreneur, derived from the French word "entreprendre" meaning to undertake. The document outlines the relevance of entrepreneurship in developing managerial capabilities, creating organizations, improving standards of living, and driving economic development. It discusses factors like personality traits and environmental conditions that affect entrepreneurship. It also identifies common and core competencies of entrepreneurship such as being decisive, a communicator, leader, opportunity seeker, proactive, risk taker, and innovative. Finally, it lists different types and career opportunities related to entrepreneurship.
This document provides an introduction to entrepreneurship. It defines entrepreneurship as the process of creating an enterprise undertaken by an entrepreneur, derived from the French word "entreprendre" meaning to undertake. The document outlines the relevance of entrepreneurship in developing managerial capabilities, creating organizations, improving standards of living, and driving economic development. It discusses factors like personality traits and environmental conditions that affect entrepreneurship. It also identifies common and core competencies of entrepreneurship such as being decisive, a communicator, leader, opportunity seeker, proactive, risk taker, and innovative. Finally, it lists different types and career opportunities related to entrepreneurship.
This document provides an introduction to entrepreneurship. It defines entrepreneurship as the process of creating an enterprise undertaken by an entrepreneur, derived from the French word "entreprendre" meaning to undertake. The document outlines the relevance of entrepreneurship in developing managerial capabilities, creating organizations, improving standards of living, and driving economic development. It discusses factors like personality traits and environmental conditions that affect entrepreneurship. It also identifies common and core competencies of entrepreneurship such as being decisive, a communicator, leader, opportunity seeker, proactive, risk taker, and innovative. Finally, it lists different types and career opportunities related to entrepreneurship.
ENTREPRENEURSHIP REDENTOR E. RAMOS Subject Teacher CONCEPT OF ENTREPRENEURSHIP
• THE WORD “ENTREPRENEUR” WAS DERIVED FROM
THE FRENCH VERB ENTERPRENDRE, WHICH MEANS “TO UNDERTAKE.” THIS IS PINPOINTING TO THOSE WHO “UNDERTAKE” THE RISK OF ENTERPRISE. • THE ENTERPRISE IS CREATED BY AN ENTREPRENEUR AND THE PROCESS IS CALLED “ENTREPRENEURSHIP.” RELEVANCE OF ENTREPRENEURSHIP TO AN ORGANIZATION 1. DEVELOPMENT OF MANAGERIAL CAPABILITIES 2. CREATION OF ORGANIZATIONS. 3. IMPROVING STANDARD OF LIVING 4. MEANS OF ECONOMIC DEVELOPMENT FACTORS AFFECTING ENTREPRENEURSHIP 1. PERSONALITY FACTORS A. INITIATIVE E. PERSUASION B. PROACTIVE F. A PLANNER C. PROBLEM SOLVER G. RISK TAKER D. PERSEVERANCE 2. ENVIRONMENTAL FACTORS WHICH INCLUDE POLITICAL, CLIMATE, LEGAL SYSTEM, ECONOMIC AND SOCIAL CONDITIONS AND MARKET SITUATIONS. COMMON COMPETENCIES IN ENTREPRENEURSHIP 1. DECISIVE 2. COMMUNICATOR 3. LEADER 4. OPPORTUNITY SEEKER 5. PROACTIVE 6. RISK TAKER 7. INNOVATIVE CORE COMPETENCIES IN ENTREPRENEURSHIP 1. ECONOMIC AND DYNAMIC ACTIVITY 2. INNOVATIVE 3. PROFIT POTENTIAL 4. RISK BEARING TYPES OF ENTREPRENEURS 1. INNOVATIVE ENTREPRENEURS 2. IMITATING ENTREPRENEURS 3. FABIAN ENTREPRENEURS 4. DRONE ENTREPRENEURS 5. SOCIAL ENTREPRENEURS CAREER OPPORTUNITIES OF ENTREPRENEURSHIP 1. BUSINESS CONSULTANT 2. TEACHER 3. RESEARCHER 4. SALES 5. BUSINESS REPORTER Assignment: • Give at least 3 names of entrepreneurs that you know, may it be from your locality or within the Philippines. Identify what are their common traits as entrepreneurs. Write it on your activity notebook and submit it to your teacher. THREE LEVELS OF COMPETENCIES 1. PERSONAL COMPETENCIES -THESE ARE YOUR ABILITIES TO GROUND YOURSELF SO THAT YOU ARE SECURE AND SELF-ASSURED IN WHATEVER YOU MAY FIND YOURSELF. THREE LEVELS OF COMPETENCIES 2. INTERPERSONAL COMPETENCIES -THESE ARE YOUR ABILITIES TO LEAD, INFLUENCE, COMMUNICATE, SUPERVISE, NEGOTIATE, AND CONTROL PEOPLE AT ALL LEVELS. THREE LEVELS OF COMPETENCIES 3. BUSINESS COMPETENCIES -THESE ARE SET OF PARTICULAR ABILITIES AND KNOWLEDGE THAT SETS A COMPANY APART FROM ITS COMPETITORS. IT ALSO REFERS TO THE KEY CHARACTERISTICS THAT SUCCESSFUL ENTREPRENEURS SHOULD HAVE IN ORDER TO BE SUCCESSFUL.