Week 1

• What is the relevance of entrepreneurship to an oganization?

  1. Develop managerial capabilities

  2. Creation of Organizations

  3. Improving standard of living

  4. Means of economic development
• At what language is the word "Entrepreneur" derived from?

  It came from the french verb "Entreprendre" which means to undertake
• The enterprise is created by an entrepreneur and the process is called "Entrepreneurship."
• What are the factors that affects entrepreneurship?

  Personality factors such as, Initiative, Proactive, Problem solver, Perseverance, Persuasion, A planner, and Risk taker
• What is the secondary factors that's affecting entreprenurship?

  Environmental Factors, which include political, climate, legal system, economic and social conditions and market situations.
• What are the common competencies in entrepreneurship

  Doctor- Decisive

  Charles- Communicator

  Luminary- Leader

  Of- Opportunity Seeker

  Pi- Proactive

  Rate- Risk taker

  Island- innovative
• It is a competency where an entrepreneur must be firm in making decisions.

  Decisive
• It is a competency where an entrepreneur must have a convincing power

  Communicator
• It is a competency where an entrepreneur must have the charisma to be obeyed by his employees.

  Leader
• It is a competency where an entrepreneur must have the ability to be the first to see business chances.

  Opportunity seeker
• It is a competency where an entrepreneur can control a situation by making things happen or by preparing for possible future problems.

  Proactive
• It is a competency where an entrepreneur has the courage to pursue business ideas.

  Risk taker
• It is a competency where the entrepreneur has big business ideas and he does not stop improving and thinking of new worthwhile ideas for his business.

  Innovative
• What are the core competencies in entrepreneurship

  1 Economic and dynamic activity

  2. Innovative

  3. Profit potential

  4. Risk bearing
• It is a core competency that states 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.

  Economic and dynamic activity
• It is a core competency states that The entrepreneur constantly looks for new ideas, thus he needs to be creative.

  Innovative
• This core competency accentuates that an Entrepreneur can be compensated by his profit coming from the operation.

  Profit potential
• It is q core competency where The entrepreneur needs to gamble but wise enough to offset the risk.

  Risk bearing
• What are the types of entrepreneurs?

  1 Innovative Entrepreneurs

  2. Imitating Entrepreneurs

  3. Fabian Entrepreneurs

  4. Drone Entrepreneurs

  5. Social Entrepreneurs
• This entrepreneurs always make new things by thinking of new ideas. They have the ability to think newer, better and more economical ideas.

  Innovative entrepreneurs
• This type of entrepreneurs don't create new things but only follow the ideas of other entrepreneurs.

  Imitating Entrepreneurs
• This entrepreneurs are skeptical about changes to be made in the organization. They don't initiate but follow only after they are satisfied.

  Fabian entrepreneurs
• These entrepreneurs are die-hard conservatives even ready to suffer the loss of business.

  Drone entrepreneurs
• These type of entrepreneurs initiate changes and drive social innovation and transformation in the various fields such as education, health, human rights, environment and +

  enterprise development.

  Social entrepreneurs