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W RENEUR
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What is an
ENTREPRENEUR?

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ENTREPRENEURSHIP
- the word “entrepreneur” was derived from the
French verb enterprendre, which suggests “to
undertake.” This refers to those that “to undertake”
the danger of latest enterprises.

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ENTREPRENEURSHIP
“Carrying out of new combinations of firm
organization – new products, new services, new
sources of raw material, new methods of
production, new markets, new forms of
organization.” – Joseph Schumpeter

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ENTREPRENEURSHIP
“an activity that involves the discovery, evaluation
and exploitation of opportunities to introduce new
goods and services, ways of organizing, markets,
process, and raw materials through organizing
efforts that previously had not existed.” – Scott
Shane

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 ENTREPRENEUR
- an entrepreneur is an individual who creates a
new business, bearing most of the risks and
enjoying most of the rewards.

“a person who is willing and able to convert a new

idea or invention into a successful innovation.” –
Joseph Schumpeter
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 TYPES OF
ENTREPRENEUR
Innovative Fabian

Imitative Drone

Social
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 INNOVATIVE
ENTREPRENEUR
S

These entrepreneurs can think newer, better, and more

economical ideas of business and management.

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 IMITATIVE
ENTREPRENEUR
S

These entrepreneurs are people that follow the trail shown by

innovative entrepreneurs.

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 FABIAN
ENTREPRENEUR
S

These entrepreneurs are skeptical about the changes to be made

within the organization. They are doing not initiate any invention
but follow only after they are satisfied with its success rate.

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 DRONE
ENTREPRENEUR
S

These entrepreneurs are those individuals who are pleased with the prevailing
type and speed of commercial activity and show no preference in gaining
market leadership.

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 SOCIAL
ENTREPRENEUR
S

They lead social improvement and renovation in various fields including

education, health, human rights, workers’ rights, environment, and enterprise
development.

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 Improves the
Creates employment
quality of life
Develops new Serves as role
market models
Contributions of
Introduces entrepreneurship Brings social benefits
to the economy
innovation and society
to the people

Generates new Utilizes and mobilizes indigenous

sources of materials resources

Stimulates investment interest in the Provides more alternatives

new business ventures being created for consumers
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Contributions of ENTREPRENEURSHIP
to the economy and society

 Creates employment. When entrepreneurs put up their businesses, they

employ people who possess different competencies and personal values to
help them operate the enterprise.
 Develops new markets. They seek new buyers or customers of their
products or services.

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 Introduces innovation. Entrepreneurs innovate. This innovation is done
for the product, service or technology towards commercialization and
generates economic wealth.
 Generates new sources of materials. Entrepreneurs are always in
constant search for better and cheaper sources of materials they need.

 Stimulates investment interest in the new business ventures being

created. When entrepreneurs engage in a new business, it stirs curiosity
for other people to invest in the business because of the benefits offers.

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 Improves the quality of life. The new products and services developed
by the entrepreneur contribute to the increase in the personal benefit and
convenience of people in society.
 Serves as role models. Entrepreneurs are people to be emulated by
younger generations in the community and society at large.

 Brings social benefits to the people. Entrepreneurs pay taxes for

every product or service sold in the market. They also pay for the permits
and licenses to operate their business.

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 Utilizes and mobilizes indigenous resources. Small and medium
enterprises will always look for cheaper and local materials to supply
their needs.
 Provides more alternatives for consumer. The stiff competition in the
market for quality and cheaper products and services requires the
entrepreneurs to come up with more products and services consumers
can choose from.

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