Entrep 3rd Q M1-6

• Entrepreneurship

  • is a proactive process of developing a profit-making business venture.
  • The vision may be an innovative idea, an opportunity, or simply a better way to do something.
• Roots of Entrepreneurship

  PRE-HISTORIC TIMES WHEN PEOPLE TRADED GOODS AND SERVICES

  • BARTER
  • Marco Polo
• Common Elements 

  • Innovation
  • Opportunity Seeking and Exploitation
  • Resource mobilizing
  • Encountering risk and uncertainties
  • Economic and personal rewards
• Innovation


  The process of bringing to an organization new concepts, technologies, or methods. This may mean creating a new service, system, or process, or improving existing ones.
• Opportunity Seeking & Exploitation

  The ongoing process of considering, evaluating, and pursuing market-based activities that are believed to be advantageous for the firm. Example: Lend money, good location.
• Resource Mobilizing


  refers to all activities involved in securing new and additional resources for your organization. It also involves making better use of existing resources and maximizing them. Resource mobilization is often referred to as 'New Business Development’. Example: investment
• Encountering Risks and Uncertainties

  Entrepreneurs live with uncertainty and risk. They have no choice. The future depends on them. They are responsible for their success and failures and never endures success. Entrepreneurs Example: required hiring more must also learn to manage the pressure and uncertainty of having to assume responsibility for their business and their employees, purchasing more equipment, investing more money, and decision-making.
• Economic and Personal Rewards 


  Example are Money, Benefits and Perks
• Entrepreneur is derived from the French source entreprendre, meaning “to undertake.”
• The entrepreneur is one who undertakes to organize, manage, and assume the risks of a business
• The Entrepreneur, as defined in your module...

   

  • Risk taker

  • Seizes opportunities and strategies

  • Maximize resources

  • Has a positive impact in the society

  • Has unique traits and characteristics
• Philippine Development Plan - Pres. Gloria Macapagal Arroyo

  • Inclusive Growth

  • Generation of Mass Employment

  • Reduction of Poverty (empowerment of the poor to create enterprises)
• Go Negosyo - Joey Concepcion

  • Organized to encourage Entrepreneurship

  • Mentor Me Program (Agri, Online, etc.) , Entrepreneurship Summits, Franchising Opportunities
• Entrepreneurship and its relevance to the society

  • Improves quality of life.

  • Addressing the needs and necessities.

  • Provides convenience

  • Entrepreneurs serve as ”role models”.

  • Proactive, opportunity seeker, resilient, and innovative

  • Provides employment to the community.

  • Generates demand.

  • Contributes to the taxes of the country.

  • Creates new business opportunities.

  • Makes new sources of materials.
• Significance of Entrepreneurship to

  • Improve quality of life - make consumers live more convenient or enjoyable, address the necessities

  • Serves as a role model - imitated by more youthful ages, proactiveness, opportunity acknowledgment, hazard taking readiness, and innovativeness
• • Entrepreneurs produce employment in the community

  • Entrepreneurs generate new demand in the market

  • It makes a generous commitment to the raising and assortment of taxes

  • Entrepreneurs create new business opportunities in the market

  • Makes new sources of materials
• • Entrepreneurial Mind Frame – BE PROACTIVE
  • Entrepreneurial Heart Frame – PASSION + EQ
  • Entrepreneurial Gut Game – INTUITION + COURAGE
• Chutzpah


  extremely confident, fierce, bold, daring, shameless BUT WITH A HEART.
• Physical Environment

  1. Climate 

  2. Resources

  3. Wildlife and the ecological environment
• Social Environment

  • Socio-cultural environment (ex. Aging population, child birth increase)
  • Political and Legal Environment 
  • Economic environment (ex. demand and supply forces)
  • Technological environment
• Industry Environment

  • Customers/Clients
  • Suppliers and partners
  • Competitions / Competitors
  • Creditors / Finance providers
  • Government
  • Employees
• Industry Environment Barriers

  • Potential “new” competitors
  • Buyers (different behavior, patterns, and preferences)
  • Suppliers
  • Substitute products/services
• Strength 


  Internal origin, helpful in achieving the objectives
• Weaknesses


  Internal origin, harmful in achieving the objectives
• Opportunities


  External origin, helpful in achieving the objectives
• Threats


  External origin, harmful in achieving the objectives