emtech

• Employment Creation


  • Entrepreneurs frequently hire employees to help with various tasks and responsibilities when launching their businesses
  • Employment increases and unemployment declines, which can benefit the economy as a whole
• Economic Development


  • Entrepreneurial businesses drive economic growth by expanding operations
  • Investing in state-of-the-art technology and equipment
  • Strengthening the workforce
  • These factors are all vital in contributing to a country's overall prosperity
• Technological Advancement


  • Entrepreneurs often bring new ideas and products that change how people live
  • These innovations range from groundbreaking technologies to more efficient and effective business models
  • The rise of the tech industry and the Internet has created countless jobs and transformed how people communicate and access information
• Market Dynamics


  • The emergence of new competition may expand the options accessible to consumers and result in the provision of better goods and services at cheaper costs
  • Entrepreneurs with existing businesses are encouraged to enhance their products or service offerings to remain competitive
• Socio-Cultural Changes


  • Entrepreneurship is revolutionizing the way societal challenges are being approached and solved
  • Entrepreneurs are taking the initiative to tackle social and cultural challenges by creating innovative, effective, and sustainable business solutions instead of relying on the government or big businesses to take action
• Types of Entrepreneurship


  • Agripreneurship
  • Buyer Entrepreneurship
  • Ecopreneurship
  • Imitator Entrepreneurship
  • Intrapreneurship
  • Large Business Entrepreneurship
  • Scalable Startup Entrepreneurship
  • Small Business Entrepreneurship
  • Social Entrepreneurship
  • Technopreneurship
• Agripreneurship


  Deals with the production and selling of various agricultural goods and inputs
• Agripreneurship


  • Crop cultivation, production and processing, aquaculture, animal health and feeds, agro-bio products, biotechnical service, energy-saving, and ecological agro-production systems
• Buyer Entrepreneurship


  Involves business individuals who possess substantial capital and utilize it to acquire established companies or merge with smaller businesses
• Ecopreneurship


  Involves people who want to create a "green" business
• Imitator Entrepreneurship


  Creates a business by copying or adapting an existing business concept or a successful product or service in the market
• Intrapreneurship


  The act of being an entrepreneur within a company or organization
• Large Business Entrepreneurship


  Involves taking calculated risks to develop new market offerings to remain competitive and better respond to changing markets and customer needs
• Scalable Startup Entrepreneurship


  Involves launching a small-scale enterprise intending to quickly expand and transform into a highly lucrative company
• Small Business Entrepreneurship


  Involves starting a business on a smaller scale rather than expanding it into a large corporation or opening multiple branches
• Social Entrepreneurship


  Focuses on innovating and creating novel solutions to address pressing social issues
• Technopreneurship


  Solves complex business problems and brings uniqueness and novelty to the business process by combining entrepreneurial skills and technology
• Sole Proprietorship


  Initiated, organized, owned, and managed by a single person
• Partnership


  Two (2) or more partners who co-own a business to make a profit
• Corporation


  Exist in contemplation of law; the business has its own identity separate and distinct from stockholders
• Cooperative


  A duly registered group of persons with a common interest to voluntarily join to achieve a lawful social and economic end
• Extrinsic Motivation


  Motivating individuals to complete a task by offering rewards such as money, gifts, or treats. However, this type of motivation fades away when the reward is absent or not at par with their interest.
• Intrinsic Motivation


  People do the task at hand because they are passionate about the business.
• Categories of intrinsic motivation

  • Achievement motive
  • Power motive
  • Affiliation motive
• Achievement motive


  Have a strong motivation to succeed, achieve greatness, and conquer any difficulties and hurdles in the quest for objectives.
• Power motive


  The desire for control, influence, and the ability to impact others and change circumstances.
• Affiliation motive


  The act of pursuing, upholding, or revitalizing an emotional connection with others.