ENTREPRENEURSHIP

SCHOOL YEAR 2025-2026

CHAPTER ONE
INTRODUCTION TO ENTREPRENEURSHIP
Jayson M. Garalde

Q1 MODULE 1: PART 1

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 ENTREPRENEURSHIP
ACTIVITY 1: IDENTIFYING (Entrepreneur, Enterprise and
Entrepreneurship
The process of creating, developing, and is an individual who takes
managing a new business venture with the goal initiative to establish and
of generating profit or creating value. It involves manage a business, typically
taking risks, innovating, and capitalizing on involving significant risk and
market opportunities. potential for substantial
reward. They identify
Is generally a large-scale, complex business or opportunities, organize
organization with a distinct structure, often resources, and lead the
involving multiple divisions and departments. It venture, often bringing
can also refer to a specific project or innovative products or
undertaking, particularly one that is complex, services to the market.
difficult, or risky. 2
ENTREPRENEURSHIP
Let’s Define Entrepreneurship

Is a “process of creating incremental wealth through the efforts of

individuals who find new and useful ways to employ resources that
lead to the creation of new products, services, or technologies (UP
ISSI, 2012).

Entrepreneurs is derived from the French words “entre – to enter

and prendre – to take”. An individual or group of people who starts
a new business, recognizes opportunities, organizes resources to
take advantage of the opportunity, creates something new that will
provide value to the customers, and willingly accepts financial risks
associated with the new business venture” (UP ISSI, 2012).
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ENTREPRENEURSHIP
Importance of Entrepreneurship in Society

1. Helps economy grow- By introducing new

businesses, products, and services, entrepreneurs
stimulate competition, drive down prices, and improve
the overall standard of living. They also play a crucial
role in structural change, adapting to new market
conditions and creating entirely new markets and
industries.

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ENTREPRENEURSHIP
Importance of Entrepreneurship in Society
2. Encourages technological growth- Entrepreneurs are
the driving force behind innovation, introducing new
products, services, and business models that disrupt existing
markets and create new ones.
This innovation leads to increased productivity, efficiency,
and competitiveness, benefiting both businesses and
consumers.
For example, the rise of the internet and mobile technology
was fueled by entrepreneurial ventures, creating entirely
new industries and transforming others.
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ENTREPRENEURSHIP
Importance of Entrepreneurship in Society
3. Aids in Human development - New businesses created
by entrepreneurs are a major source of job growth,
reducing unemployment and increasing overall income
levels.
As businesses expand, they create further employment
opportunities, leading to a positive cycle of economic
growth.
This job creation is particularly important for young people
entering the workforce and for those seeking to re-enter the
job market.
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ENTREPRENEURSHIP
Importance of Entrepreneurship in Society
4. Promotes inclusive growth- Entrepreneurs can develop
innovative solutions to social and environmental challenges,
contributing to sustainable development.
This includes creating businesses that address issues in all
unit of our society.

Example: Instead of promoting work opportunities in

congested areas such as Metro Manila for ICT-based
organization. Enterprises see opportunities to develop also
in other provinces.
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ENTREPRENEURSHIP
Importance of Entrepreneurship in Society
5. Entrepreneurship begets entrepreneurship - successful
entrepreneurial activity creates an environment and
opportunities that encourage more people to pursue their
own ventures.

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ENTREPRENEURSHIP
Economist Point of View
• It is someone who brings
resources, labor, materials and
other assets into
combinations that make their
value greater than before.
• It is also someone who
introduces changes,
innovations and a new order.
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 ENTREPRENEURSHIP
Psychologist Point of View
• A person who is typically
driven by certain forces such
as need to obtain or attain
something, to experiment, to
accomplish or perhaps to
escape the authority of others.
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ENTREPRENEURSHIP
Management Perspective
• It is someone who
identifies opportunities,
plan, mobilizes resources,
manages and assumes the
risk of a business to have a
positive impact on society.
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ENTREPRENEURSHIP
When it comes to AGE

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ENTREPRENEURSHIP
When it comes to GENDER

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When it comes to WORK EXPERIENCE

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When it comes to PERSPECTIVE AND SELF-CONFIDENCE

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 ENTREPRENEURSHIP
UNLOCKING OF DIFFICULTIES
• Competency – an ability or skill.
• Entrepreneur – a person with the skills and capabilities to see and
evaluate business opportunities. They are individuals who can
strategically identify products or services needed by the community,
and have the capacity to deliver them at the right time and the right
place.
• Entrepreneurship - this is not just a simple business activity but a
strategic process of innovation and new product creation. Basically,
entrepreneurship is both an art and science of converting business
ideas into marketable products or services to improve the quality of
living.
• People Skills – the ability to communicate with people in a friendly
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PERSONAL ENTREPRENEURIAL
COMPETENCIES (PECS)

• In this learning session, you will learn more about

entrepreneurship and the entrepreneurial competencies
related to Illustration. You will have first-hand experience in
educational activities leading to assessment of your Personal
Entrepreneurial Competencies (PECs).

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PERSONAL ENTREPRENEURIAL
COMPETENCIES (PECS)

• In this learning session, you will learn more about

entrepreneurship and the entrepreneurial competencies
related to Illustration. You will have first-hand experience in
educational activities leading to assessment of your Personal
Entrepreneurial Competencies (PECs).

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PERSONAL ENTREPRENEURIAL
COMPETENCIES (PECS)
• ENTREPRENEURS • ENTREPRENEURSHIP
• They are those with the skills • This is not just a simple
and capabilities to see and business activity but a
evaluate business strategic process of
opportunities. They are innovation and new
individuals who can product creation. Basically,
strategically identify products entrepreneurship is both
or services needed by the an art and science of
community, and have the converting business ideas
capacity to deliver them at the into marketable products
right time and the right place. or services to improve the
quality of living.
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