entrepreneurship 12.pptxjjjjjjjjjjjjjjjjjjjjjjjj
- 2. Content Standard: The learner demonstrates understanding of key concepts, underlying principles, and core competencies in Entrepreneurship. Performance Standard: The learner independently creates/provides a quality and marketable product and/or service in Entrepreneurship.
- 3. WHAT I KNOW?
- 4. Pre-Test: Instruction: Read the statements carefully then write True if the statement is correct & write False if you think the answer is not correct.
- 5. ________1. Entrepreneur means “to undertake.” ________2. Entrepreneurship is a process of actions of an entrepreneur who is always in search of opportunities. TRUE TRUE
- 6. _________3. The greatest significance of entrepreneurship is to help identify and develop the managerial capabilities of entrepreneurs. __________4. Entrepreneurship will lead to the creation of organizations TRUE TRUE
- 7. ________5. Entrepreneurship can improve the life of the entrepreneur only. ________6. Coward people will become successful entrepreneur. FALSE FALSE
- 8. ____________7. An entrepreneur is a “Risk Taker”. ____________8. Entrepreneurship is not an economic activity. TRUE FALSE
- 9. ____________9. Entrepreneurs are innovative. ____________10. Profit potential is the compensation of the entrepreneur. TRUE TRUE
- 10. ____________11. An entrepreneur can become a business consultant. ____________12. An entrepreneur can also be a researcher. TRUE TRUE
- 11. ________13. An entrepreneur can also become a salesman. ________14. Entrepreneurship graduates can become a business reporter. ________15. The entrepreneur could easily see the results of his efforts. TRUE TRUE FALSE
- 12. ◦Activity 1 Let Me Know Give at least five (5) names of entrepreneurs that you know. May it be from your locality or within Philippines. Identify what are their common traits as entrepreneur.
- 13. ENTREPRENEUR ENTREPRENEURSHIP VS. An individual who identifies a business opportunities and takes the initiative to create and manage a new business venture. The process of creating, organizing, and running a new business enterprise.
- 14. ◦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” ◦Entrepreneurs are innovators, willing to take risks and generate new ideas to make it unique and profitable solutions to the present-day problems.
- 15. ◦ Common Traits/Competencies in Entrepreneurship ◦ Decisive- an entrepreneur must be firm in making decisions. ◦ Communicator- an entrepreneur must have a convincing power. ◦ Leader-an entrepreneur an entrepreneur must have the charisma to be obeyed by his employees ◦ Opportunity seeker- an entrepreneur must have the ability to be the first to see business chances. ◦ Proactive- controlling a situation by making things to happen or by preparing for possible future problems. ◦ Risk Taker- they have the courage to pursue what is their business ideas. ◦ Innovative- the entrepreneurs have big business ideas and they do not stop improving and thinking of new worthwhile ideas for their business.
- 16. ◦Resilience- the ability to bounce back from setbacks and challenges, entrepreneurs who possess this trait are able to adapt to changing circumstances, overcome obstacles, and persevere through tough times. they Have a ‘NEVER GIVE UP’ attitude and are able to find solutions to problems even in the face of adversity. ◦Adaptability- the ability to adapt changing market conditions, customer needs, and new technologies is crucial for business to thrive. ◦ Passion and Drive- they are passionate about their businesses and the industry they are in, and this is what sets them apart from others. The entrepreneurs are driven by their ideas and are willing to put in the time and effort to make them reality.
- 17. ◦Factors Affecting Entrepreneurship 1.Personality Factors which includes: a.Initiative- which means doing things even before being told b.Proactive-which means he can classify opportunities and seize it. c.Problem Solver- which means he can retain good relations with other people
- 18. a.Perseverance-meaning he will pursue things to get done regardless of challenges b.Persuasion- means that he can entice people to buy even if they don’t. c.A Planner- meaning he makes plan before doing things and do not fail to monitor it. d.Risk-taker which means that he is willing to gamble but he will calculate it first.
- 19. ◦Relevance of Entrepreneurship to an organization 1.Development of Managerial capabilities- this means that one of the benefits an entrepreneur gets is to develop his managerial skills. 2.Creation of Organizations- which means that because of entrepreneurships many organizations will exist.
- 20. 3. Improving standard of living- this means that entrepreneurship can lift up the economic status of an individual. 4.Means of economic development- this means that not only the life of the entrepreneur is improved but also the society where the business is located.
- 21. ◦As group research on the life stories of at least five (5) entrepreneurs in your locality, identify how they started their businesses. Ask how much their start-up capital is.