Basic Entrepreneurship

1. Josefino T. Larena Jr., CPS,MPA

2. 
Discuss the relevance of the course
Explain the key concepts of common
competencies
Explain the core competencies in
entrepreneurship
Explore job opportunities for
entrepreneurship as a career
Learning Objective

3. 
Entrepreneurial activities today
have become very important and
are keys to economic development.
Growth ,industrial development ,
including employment generation,
depend upon entrepreneurial
behaviour of a country
Entrepreneurship

4. To an Organization

5. 
The greatest
significance of
entrepreneurship lies
in the fact that it
helps in identifying
and developing
managerial
capabilities of
entrepreneurs.
1. Development of
managerial capabilities

6.  Entrepreneurship
results in the
creation of
organizations when
entrepreneurs
assemble and
coordinate physical
,human and
financial resources
and direct them
towards
achievement of
objectives through
managerial skills.
2. Creation of of
organizations

7. By creating productive
organizations, entrepreneurship
help in making a wide variety
of goods and services available
to the society which results into
higher standard of living for the
people.
3.Improving standard of
living

8. 
 Entrepreneurship
involves creation and
use of innovative ideas,
maximization of output
from given resources,
and development of
manorial skills .All these
factors are essential to
the economic
development
4. Means of economic
development

9. Ebtrepreneurship

10. 
 The word “ entrepreneur”FROM French verb
“Enterprendre,which means to undertake
Entrepreneur

11. 
 Entrepreneurs are
innovators willing to
take risks and generate
news ideas to create
unique and potentially
profitable solutions to
modern-day problems

12. 
 1. Personality Factors
 a.Initiative-does things before being asked
 b.Proactive-identifies and utilizes opportunities
 c. Perseverance-works against all odds to overcome obstacles
and is never complacent with success
 D. Problem-solver –develops and maintain relationship with
customers and finances
 E. Persuasion-conceives customers and sticks to his decisions
Factors Affecting
Entrepreneurship

13. 
 F. self-confidence–makes decisions and sticks to his
decisions
 G. Self –critical- learns from his mistakes and from
experiences of others
 I A planner –collects information, prepares a plan and
monitors
 Risk –taker –is willing to take calculated risks

14. 
 Environmental Factors
 These factors relate to the conditions in which an
entrepreneur has to work.
 Factors
 Political climate
 Legal system
 Economic
 Social Conditions
 Market Situations

15. 
Economic and dynamic
activity
Innovation
Profit Potential
Risk Bearing
Core Competencies in
Entrepreneurship

16. 
 1.Innovation
 An entrepreneur is basically an innovator who tries
to develop new Technology
Functions of an
Entrepreneur

17. 
 2.Assumption of Risk
An entrepreneur
,by definition ,is an
risk taker and not
a risk shirker

18. 
 Research
 An entrepreneur is a practical
dreamer and does a lot of
ground-work before taking a
leap in his/ her ventures

19. 
 4. Development of
management skills
 The work of an entrepreneur
involves the use of
managerial skills which
he/she develops while
planning,organizing,staff,
directing,controlling and
coordinating the activities of
business.

20. 
 5.Overcoming
resistance to change
 New innovations are
generally opposed by
people because they
make them change
their existing
behaviour patterns.

21. 
 6.Catalystof Economic
development
 An entrepreneur plays an
important role in
accelerating the pace of
economic development of a
country by discovering new
uses of available resources
and maximizing their
utilization

22. 
 Innovative Entrepreneurs
 These entrepreneurs have the
ability to think newer,better
and more economical ideas of
business organization and
management
Types of Entrepreneurs

23. 
 2. Imitating
Entrepreneurs
 These entrepreneurs are
people who follow the
path shown by
innovative
entrepreneurs

24. 
 Fabian Entrepreneurs
 These types of
entrepreneurs are sceptical
about the changes to be
made in the organization

25. 
 Drone entrepreneurs
 Drone is “a person who
lives on the labor of
others”

26.  5.Social Entrepreneurs
 Social entrepreneurs
drive social innovation
and transformation in
various field including
education, health,
human rights,workers
rights, environment and
enterprise development.

27. 

28. 

29. 
Thank you