[Entrep] Lesson 1 : Entrepreneurship Overview and Concepts

• Entrepreneur

  • It refers to the person who creates unique ideas useful for starting up a business.
• Entrepreneurship

  • The science of converting processed ideas into a remarkable business venture.
• Usefulness of the course to the students.

  1. It develops skills that will be needed in starting up a business.
  2. It enhances knowledge on how to operate a business.
  3. It demonstrates how to manage a business.
  4. Learners consider becoming an employer rather than an employee.
  5. Learners change their attitude towards the course as a means of living.
  6. Learners change in personal and career attitudes such as communication, problem solving, collaboration, motivation, creativity, and teamwork.
• Importance of Entrepreneurship Education

  1. Key economic factor
  2. Increase the level of knowledge, competence and improve the quality of life.
  3. Alternative career path.
• Competencies are considered as the capability, capacity, and ability of the learners in handling situations in various areas in business operations such as in marketing, management, production, and finance.
• Common Entrepreneurial Competencies

  1. Specific-goal setting
  2. Self-efficacy
  3. Need for achievement
  4. Ambition
  5. Willingness to learn
  6. Adaptability and flexibility
  7. Willingness to take risks
  8. Interpersonal skills
• Competencies for entrepreneurial success

  1. Integrity
  2. Conceptual thinking
  3. Strategic thinking
  4. Decisiveness
  5. Customer relations service
  6. Risk taking
  7. Collaboration
  8. Commercial aptitude
  9. Optimism
  10. People-centered