Introduction to

Entrepreneurship
 ½ crosswise
Before we will proceed to our lesson, can you
tell me what comes into your mind when you
hear the word ENTREPRENEUR?

Give at least five (5) names of entrepreneurs

that you know, may it be from your locality or
within the Philippines. Identify what are their
common traits as entrepreneurs.
 RELEVANCE OR
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

entrepreneurship many organization will exist.

3. Improving Standards of Living - this means that

entrepreneurship can lift of 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.
 CONCEPT OF
ENTREPRENEURSHIP

The word “entrepreneur” was derived from the French verb

enterprende, 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. They are willing to take risks and
generate unique ideas that can provide profitable solutions to
the needs of the market and the society.
 Factors Affecting Entrepreneurship
1. Personality Factors which include:
a. Initiative – 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.
d. Perseverance – meaning he will pursue things to get done regardless
of challenges.
e. Persuasion – means he can entice people to buy even if they don’t
want to.
f. A Planner – he makes plan before doing things and does not fail to
monitor it.
g. Risk-taker – which means that he is willing to gamble but he will
calculate it first.
2. Environmental Factors which include political, climate, legal system, economic
and social conditions and market situations.
Common Competencies in Entrepreneurship
1. Decisive – an entrepreneur must be firm in making decisions.
2. Communicator – an entrepreneur must have a convincing power.
3. Leader – an entrepreneur must have the charisma to be obeyed by
his employees.
4. Opportunity seeker – an entrepreneur must have the ability to be the
first to see business chances.
5. Proactive – an entrepreneur can control a situation by making things
happen or by preparing for possible future problems.
6. Risk Taker – an entrepreneur has the courage to pursue business
ideas.
7. Innovative – the entrepreneur has big business ideas and he does not
stop improving and thinking of new worthwhile ideas for his business.
Core Competencies in Entrepreneurship
1. Economic and Dynamic Activity – Entrepreneurship is an
economic activity because it involves the creation and
operation of an enterprise with a view to creating value or
wealth by ensuring optimum utilization of limited
resources.
2. Innovative – the entrepreneur constantly looks for new
ideas, thus he needs to be creative.
3. Profit Potential –the entrepreneur can be compensated by
his profit coming from the operation.
4. Risk bearing – the entrepreneur needs to gamble but wise
enough to offset the risk.
Types of Entrepreneurs
1. Innovative Entrepreneurs – they are those who always make new
things by thinking of new ideas. They have the ability to think newer,
better and more economical ideas.
2. Imitating Entrepreneurs – they are those who don’t create new things
but only follow the ideas of other entrepreneurs.
3. Fabian Entrepreneurs - they are skeptical about changes to be
made in the organization. They don’t initiate but follow only after they
are satisfied.
4. Drone Entrepreneurs – they are those who live on the labor of others.
They are die-hard conservatives even ready to suffer the loss of
business.
5. Social Entrepreneurs – they are those who initiate changes and drive
social innovation and transformation in the various fields such as
Career Opportunities of Entrepreneurship
1. Business Consultant – with the expertise of in the field of
entrepreneurship, he can be a very good source of
advices to other entrepreneurs and would be business
men.
2. Teacher – a graduate of an entrepreneurship can use his
knowledge in teaching.
3. Researcher – the entrepreneur can be employed as a
researcher by an enterprise.
4. Sales – the entrepreneurship graduate can apply as a
salesman.
5. Business Reporter – the entrepreneur being expert in the
 Self-assessment
Direction: Find out if you have the qualities of an entrepreneur. Put a check
mark on the column that identifies whether you have the qualities of an
entrepreneur or not.
Qualities YES NO Justification
Risk Taker
Communicator
Leader
Opportunity Seeker
Proactive
Innovator
Decisive
 Assignment
Choose three successful entrepreneurs in your community or nearby places
and conduct an interview using the guide questions below. Discuss the
result of your interview next meeting.

1. What motivated you to become an entrepreneur?

2. What do you think are your characteristics and competencies
that made you a successful entrepreneur?
3. What do you think of being employed? Why you did not
choose that path?