Review

• Entrepreneurship is a strong reciprocal emotional bond between an infant and a primary caregiver
• Schaffer and Emerson's 1964 study on attachment aimed to identify stages of attachment and find a pattern in the development of attachment between infants and parents
• Participants in the study were 60 babies from Glasgow, and the procedure involved analyzing interactions between infants and carers
• Findings from the study showed that babies of parents or carers who displayed 'sensitive responsiveness' were more likely to have formed an attachment
• Freud's superego is the moral component of the psyche, representing internalized societal values and standards
• Entrepreneurship is encouraged by the economy as it provides opportunities for the unemployed, increases per capita income, improves the standard of living, and increases individual savings
• Entrepreneurs play a crucial role in developing the economy by providing products and services, solving unemployment issues, and contributing revenue to the government through taxes
• After studying this module, learners should be able to discuss the relevance of the course, explain key concepts of common competencies, explore job opportunities in entrepreneurship, and understand core competencies in entrepreneurship
• Entrepreneurship is a process of actions by an entrepreneur who is always seeking opportunities
• Entrepreneurship leads to the creation of organizations and can improve the life of the entrepreneur and others
• Entrepreneurs are innovative, risk-takers, and can take on various roles like business consultants, researchers, and salespeople
• Entrepreneurship graduates can pursue careers like business reporting
• Profit potential is the compensation for the entrepreneur's efforts
• Entrepreneurs can easily see the results of their efforts
• Entrepreneurship is an economic activity that contributes to balanced regional development
• Entrepreneurship is a way to fulfill dreams through hard work and determination, providing opportunities for personal and economic growth
• Entrepreneurship involves understanding the environment and market in your locality to develop a business concept and gain practical experience in starting and operating a business
• Entrepreneurship education aims to equip learners with the knowledge and skills needed for success in business ventures
• Entrepreneurship is essential for economic development, job creation, and improving living standards
• Entrepreneurship involves the creation and operation of an enterprise to create value or wealth by ensuring optimum utilization of limited resources
• Entrepreneurs are innovators willing to take risks and generate unique ideas that provide profitable solutions to market and societal needs
• Factors affecting entrepreneurship include personality factors like initiative, perseverance, and risk-taking, as well as environmental factors like political and market conditions
• Common competencies in entrepreneurship:

  • Decisive decision-making
  • Effective communication
  • Leadership charisma
  • Ability to seek opportunities
  • Proactiveness in controlling situations and preparing for future problems
  • Willingness to take risks
  • Innovation and continuous improvement
• Core competencies in entrepreneurship:

  • Economic and dynamic activity
  • Innovation
  • Profit potential
  • Risk-bearing
• Types of entrepreneurs:

  • Innovative Entrepreneurs
  • Imitating Entrepreneurs
  • Fabian Entrepreneurs
  • Drone Entrepreneurs
  • Social Entrepreneurs
• Career opportunities in entrepreneurship:

  • Business Consultant
  • Teacher
  • Researcher
  • Sales
  • Business Reporter
• Attachment is a strong reciprocal emotional bond between an infant and a primary caregiver

  
• Schaffer and Emerson's 1964 study on attachment:

  • Aim: identify stages of attachment / find a pattern in the development of an attachment between infants and parents
  • Participants: 60 babies from Glasgow
  • Procedure: analyzed interactions between infants and carers
  • Findings: babies of parents/carers with 'sensitive responsiveness' were more likely to have formed an attachment
• Entrepreneurs who create new ideas are called innovative
• Entrepreneurs who live on the labor of others are called drones
• Entrepreneurs who follow the path shown by innovative entrepreneurs are imitating entrepreneurs
• Entrepreneur means a risk-taker
• Personality factor "doing things even before being told" is initiative
• Personality factor convincing customers to buy the product is persuasion
• Environmental factors include political, weather condition, and climate
• Entrepreneurs skeptical about changes in the company are called Fabian entrepreneurs
• Entrepreneurs who drive social innovation and transformation are social entrepreneurs
• Entrepreneurs are contributors to the development of society
• Not all entrepreneurs are successful
• Entrepreneurship creates organizations and improves the economy