Week 8

Dimension of Development: Entrepreneurship

Learning Objectives:

At the end of this chapter, the learners are expected to:

1. explain entrepreneurship.
2. recognize the different sustainable entrepreneurial
activities; and
3. describe what a social entrepreneur is and is not.
Entrepreneurship
• Fajardo (2009) entrepreneurship is the effective and
efficient way of managing the business capacity and
quality of an individual toward customer satisfaction.
Entrepreneur
-someone who thinks creatively; plan strategically; and
projects clear, realistic, and objective plan.
Most Successful entrepreneurs in the
Philippines
Henry Sy Sr. Tony Tan Caktiong Socorro Ramos
An entrepreneur, according to Lee and Lee (2008), should
be:
1. An administrator
2. A planner
3. A leader
4. A negotiator
5. A communicator
6. A decision maker
7. A good follower
• Social entrepreneurs - pioneers of innovations that benefits
humanity. Retailing is concerned with selling certain goods that
usually satisfy potential and existing customers.

1. Storekeeping
2. Pricing
3. Advertising
4. Record keeping
5. Maintaining inventory
Service Types of Entrepreneurial Activity
Common forms of profitable entrepreneurial
ventures:
1. Food services
2. Lodging services
3. Financial services
4. Recreation and tourism services
5. Transportation services
6. Personal services
7. Repair and maintenance services
8. Rental services
 Social Responsibility of Entrepreneurs
1. Adopt a mission to create and sustain social
value.
2. Recognize and relentlessly pursue new
opportunities to serve that mission; engage in a
process of continuous innovation, adaption, and
learning; and act boldly even with limited
resources currently at hand.
3. Exhibits a heightened sense of accountability to
the constituencies served and for the outcomes
created.
 Developing a Business Plan
• Planning involves asking and answering the
following:
a. Planning involves asking and answering the
following:
• Planning should be realistic, based on felt needs,
flexible, starting with simple projects.
CONCLUSION/INTEGRATION:

Change is the only permanent thing in this world.

People should not be afraid of innovation especially if
this will help improve or correct system or way of
doing things or if it will provide solutions to existing
problems.
Assessment
• How can social entrepreneurs help in improving the
quality of life of people in a certain society?