ENTERPRENEUR

?
 Concepts of
Entrepreneurship

“Entrepreneur”- French An enterprise is created by an

verb entreprendre which entrepreneur and the process
means to undertake of its creation is called
Entrepreneurship

Entrepreneurship - process of actions of an

entrepreneur who is always in search of something to
exploit new ideas into gainful opportunities by
accepting the risk and uncertainty of the enterprise
 Concepts of
Entrepreneurship

Entrepreneur are innovators, willing

to take risks and generate new ideas
to create unique and potential
profitable solutions to modern-day
problems.
01Relevance of Entrepreneurship to
an Organization
1. Development of 2. Creation of Organizations
Managerial Capabilities

• It helps in identifying • Entrepreneurship results

and developing in the creation of
managerial capabilities organizations; direct
of entrepreneurs them towards
achievement of
objectives
01Relevance of Entrepreneurship to
an Organization
3. Improving standard of 4. Means of Economic
Living Development

• Helps in making a • Entrepreneurship

variety of goods and
services available to the
society
• Higher standard of
Events
living for the people
involves creation and
use of innovative ideas,
maximization of output
from given resources,
and development of
managerial skills.
Activity 1
 Functions of an Entrepreneur
The following are important functions performend by an entrepreneur.

1. Innovation
S

 entrepreneur is an
innovator
 uses creative faculties to do
new things; exploit
opportunities in the market
Events

“transformed a simple data entry service

company into becoming one of the country's
largest outsourcing service providers” ERNEST L. CU
 Functions of an Entrepreneurship
The following are important functions performend by an entrepreneur.

2. Assumption of Risk
S

 a risk-taker which allows

an entrepreneur to take
initiatives in doing new
things

Events
“Dietitian by profession; used her knowledge
to create affordable processed meat products
that could compete whit already well known
and established processed meat brands ” CORAZON D. ONG
 Functions of an Entrepreneurship
The following are important functions performend by an entrepreneur.

3. Research
S

 does a lot of ground-work

before taking a leap
 considers a lot of variety of
options before finalizing an
idea and putting in practice.
Events
“a civil engineer; went into research and performed
experiments using pots and pans and a small tank.
His persistence finally led to the development of a
food supplement- LactoPAFI Probiotic Bacteria ” GREGORIO G. SANCHEZ
 Functions of an Entrepreneurship
The following are important functions performend by an entrepreneur.

4. Development of Management Skills

S

 involves the use of

managerial skills - planning,
organizing, staffing,
directing, controlling and
coordinating
Events
“...hands on in negotiating with local and
foreign publishers as well as suppliers.. ”
SOCORRO RAMOS
 Functions of an Entrepreneurship
The following are important functions performend by an entrepreneur.

5. Overcoming resistance to change

S

 entrepreneurs always first

tries new ideas at his/her
level.
 helps a society's overcome
resistance to change
Events
“...saw opportunity of setting-up his own
company by designing chip sets...successfully
developed the first system logic chip set...build
Chips and Technologies company ” DIOSDADO BANATAO
 Functions of an Entrepreneurship
The following are important functions performend by an entrepreneur.

6. Catalyst of economic development

S

 plays important role in

accelerating the pace of
economic development of a
country

“Mercury Drug created a reputation that everyEvents

Filipino could rely on...the goal of making safe
medication available and accessible to every Filipino
community ” MARIANO QUE
 Types of Entrepreneurs
Depending upon the level of willingness to create innovative ideas,
here are the following types of entrepreneurs:
5. Social Entrepreneurs
S

 drives social innovation

and transformation in
various fields.
Cecilio Pedro
 undertake poverty
alleviation objectives * low-priced toothpaste of
Event Lamoiyan Corporation
and dare to overcome
s
* lauded as “Most Outstanding
traditional business and Program for Equal Employment
Opportunity”
innovate.
 Types of Entrepreneurs
Depending upon the level of willingness to create innovative ideas,
here are the following types of entrepreneurs:
1. Innovative Entrepreneurs 2. Imitating Entrepreneurs
S S

 has the ability to think  people who follow the

newer, better and more path shown by
economical ideas of innovative
business organization entrepreneurs
and management  the environment does
Event Event
 business leaders;
s not permit thems to
contributors to have creative and
economic development innovative ideas on
 Types of Entrepreneurs
Depending upon the level of willingness to create innovative ideas,
here are the following types of entrepreneurs:
3. Fabian entrepreneurs 4. Drone entrepreneurs
S S

 skeptical about the  Drone is “a person

changes to be made in who lives on the labor
the organization. of others”.
 do not initiate any  satisfied with the
inventions but follow existing mode and
Event Event
only after theys are speed of business.
s

satisfied with its success  die-hard conservative.

rate.
Career Opportunities for
Entrepreneurship

1. Mid-level 5. Not-for-profit
Management fundraiser
2. Business
6. Teacher
Consultant
3. Sales 7. Recruiter
4. Research and 8. Business
development reporter
Activity 2: Identify the entrepreneurs who founded the ff. companies:

1
5 8

6 9

3
10
7
4
 Written Works 1:

1. Research on the life of at least one of the

successful entrepreneurs cited in this topic. Find
out what made them successful. Cite lessons
learned from their stories of success. Find out how
the entrepreneur performed the 6 functions of an
entrepreneur. Based on the types of entrepreneur,
what type of entrepreneur does he/she belong?