Introduction to

Entrepreneurship
 Entrepreneurship
the ability and readiness to develop,
organize and run a business enterprise,
along with any of its uncertainties in
order to make a profit.
example of entrepreneurship is the
starting of new business.
What is an entrepreneurship?
 Is the process by which individuals pursue
opportunities without regard to the resources
they currently control.
 Having profits from bearing uncertainty and risk. -
Knights (1921)
 An activity that involves the discovery, evaluation
and exploitation of opportunities to introduce new
goods and services, ways of organizing efforts that
previously had not existed. - Shane (2003)
What is an entrepreneurship?
A dynamic process of vision, change and creation
that requires application of energy and passion
toward the creation and implementation of new
ideas and creative solutions. - Kuratko (2009)“
 Is the 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.
Importance of Entrepreneurship
Entrepreneurship produces more jobs
that equate to an increase in national
income.
Entrepreneurship amplifies economic
activities of different sectors of society.
Entrepreneurship introduces new and
innovative products and services.
Importance of Entrepreneurship
Entrepreneurship improves people’s
living standards.
Entrepreneurship disperses the
economic power and creates equality.
Entrepreneurship controls the local
wealth and balances regional
development.
Importance of Entrepreneurship
Entrepreneurship reduces social
conflicts and political unrest.
Entrepreneurship elicits economic
independence and capital formation.
Entrepreneur
comes from the French word
“entreprendre”
“sees” what others have overlooked
and “takes action” where others
have hesitated.
a risk-taker with a business idea
 Who is an entrepreneur?
 An individual who undertakes the risk associated
with creating, organizing, and owning a business.
 Is a person who strongly advocates and correctly
practices the concepts and principles of
entrepreneurship in operating and managing the
self-owned entrepreneurial venture
 Is a unique individual who has the innate ability and
extraordinary dedication to establish and manage
business, acknowledging all the risk and reaping the
rewards.
What is enterprise?
The enterprise is some business
structure/object that usually carries out
some commercial activity, creates new job
positions, gains some profits.
TYPES OF ENTREPRENEUR
Technopreneur
Social entrepreneur
Intrapreneur
Extrapreneur
Technopreneur
Technopreneur
entrepreneur who puts technology
at the core of his or her business
model
 Social
entrepreneur
Social entrepreneur
entrepreneur who takes advantage
of the country’s social problems and
turn them into profitable institutions
with the intention of helping the
disadvantaged community rather
than making a profit.
Intrapreneur
Intrapreneur
anemployee in a large company or
corporation who is tasked to think,
establish and run a new big idea or
project about the business.
Intrapreneur
Its like entrepreneurs but instead
your own business, you innovate
and drive change from within an
existing organization.
Extrapreneur
Extrapreneur
anentrepreneur who hops from
one company to another to act as
innovation champion, providing
creative and efficient solutions.
Extrapreneur
Change agents
Solve problems by moving between
companies, organizations and
sectors, spreading ideas and
solutions from one another
Let us try!..
Read the statements carefully then
write True if the statement is correct
and write False if it is incorrect.
1. Entrepreneurship helps to create new businesses
resulting in new employment and can produce a favorable
and positive effect in the economy.
2. A simple sari-sari store in a rural area and an internet
shop in urban area both ignite economic activity regardless
of their business scale.
3. A country with more entrepreneurs is highly likely to
become financially independent and with less likely need
help of other countries.
4. Entrepreneurship does not create wealth.
5. The word “entrepreneur” has a French origin and was
coined from the words “entreprendre” which means to
undertake.
Analyze the following statements. Put a check ( / ) before the
statement that pertains to the importance of Entrepreneurship.
___________ 1. Entrepreneurs create jobs.
___________ 2. Entrepreneurship encourages and supports innovation.
___________ 3. Stimulates the economy and create a favorable impact
on community development.
___________ 4. Entrepreneurs find ways to avoid the business risk.
___________ 5. Entrepreneurship creates opportunities, ensures social
justice and stimulates the economy.
___________ 6. Entrepreneurship discourages competition.
___________ 7. Entrepreneurship generates new wealth in an economy.
___________ 8. Entrepreneurship provides valuable goods and services.
___________ 9. Entrepreneurship diminishes productivity.
___________ 10. Stimulates investments interest in the new business
venture being created.
Assignment:
Bring awesome photo of
yourself and one long bond
paper.