entrep mod 1

• Types of Entrepreneurs

  • Innovative Entrepreneurs
  • Imitating Entrepreneurs
  • Fabian Entrepreneurs
  • Drone Entrepreneurs
  • Social Entrepreneurs
• Career Opportunities of Entrepreneurship

  • Business Consultant
  • Teacher
  • Researcher
  • Sales
  • Business Reporter
• Common Competencies in Entrepreneurship

  • Decisive
  • Communicator
  • Leader
  • Opportunity seeker
  • Proactive
  • Risk Taker
  • Innovative
• Core Competencies in Entrepreneurship

  • Economic and Dynamic Activity
  • Innovative
  • Profit Potential
  • Risk bearing
• Relevance of Entrepreneurship to an Organization

  • Development of Managerial Capabilities
  • Creation of Organizations
  • Improving Standard of Living
  • Means of Economic Development
• Entrepreneurship


  The process of creating and operating an enterprise with the aim of creating value or wealth by utilizing resources optimally
• Entrepreneurs are innovators who are willing to take risks and generate unique ideas to provide profitable solutions to market and societal needs
• Factors Affecting Entrepreneurship

  • Personality Factors: Initiative, Proactive, Problem Solver, Perseverance, Persuasion, Planner, Risk-taker
  • Environmental Factors: political, climate, legal system, economic and social conditions, market situations
• 1. Innovative Entrepreneurs - They are those who always make new things by thinking of new ideas. They have the ability to think newer, better and more economical ideas
• 2. Imitating Entrepreneurs - They are those who don’t create new things but only follow the ideas of other entrepreneurs.
• 3. Fabian Entrepreneurs ~ They are skeptical about changes to be made in the organization. They don’t initiate but follow only after they are satisfied
• 4. Drone Entrepreneurs - They are those who live on the labor of others. They are die-hard conservatives even ready to suffer the Joss of business
• 5. Social Entrepreneurs - They are those who initiate changes and drive social innovation and transformation in the various fields such as education, health, human rights, environment and enterprise development.
• 1. Business Consultant - with the expertise of in the field of entrepreneurship, he can be a very good source of advices to other entrepreneurs and would be business men.
• 2. Teacher - a graduate of an entrepreneurship can use his knowledge in teaching
• 3. Researcher - the entrepreneur can be employed as a researcher by an enterprise.
• 4. Sales - the entrepreneurship graduate can apply as a salesman.
• 5. Business Reporter - the entrepreneur being expert in the field, can be employed as a business reporter.
• 7. Innovative - the entrepreneur has big business ideas and he does not stopimproving and thinking of new — worthwhile ideas for his business.
• 5. Proactive - an entrepreneur can control a situation by making things happenor by preparing for possible future problems
• 6. Risk Taker — an enlrepreneur has the courage lo pursue business ideas
• 3. Leader - an entrepreneur must have the charisma to be obeyed by his employees.
• 4. Opportunity seeker - an entrepreneur must have the ability to be the first to see business chances
• 2. Communicator - an entrepreneur must have a convincing power
• 1. Decisive - an entrepreneur must be firm in making decisions
• 1. Economic and Dynamic Activity - 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.
• 3. Profit Potential - The entrepreneur can be compensated by his profit coming from the operation
• 2. Innovative — The entrepreneur constantly looks for new ideas, thus he needs to be creative
• 4. Risk bearing - The entrepreneur needs to gamble but wise enough to offset
• The word “entrepreneur” was derived from the French verb enterprendre, which means “to undertake.”
• The enterprise is created by an entrepreneur and the process is called “Entrepreneurship.”
• 1. Development of Managerial Capabilities - this means that one of the benefitsan entrepreneur gets is to develop his managerial skills.
• 3. Improving Standard of Living - this means that entrepreneurship can lift up the economic status of an individual.
• 4. Means of Economic Development - this means that not only the life of the entrepreneur is improved but also the society where the business is located.
• 2. Creation of Organizations - which means that because of entrepreneurship many organizations will exist.
• g. Risk-taker - which means that he is willing to gamble but he will calculate it first
• e. Persuasion - means that he can entice people to buy even if they don’t want to.
• d. Perseverance - meaning he will pursue things to get done regardless of challenges
• f. A Planner - he makes plans before doing things and does not fail to monitor it
• b. Proactive - which means he can classify opportunities and seize it.