MODULE 1 APPLIED

• Development of Managerial Capabilities

  • One of the benefits an entrepreneur gets is to develop his managerial skills
• Creation of Organizations


  • Because of entrepreneurship many organizations will exist
• Improving Standard of Living


  • Entrepreneurship can lift up the economic status of an individual
• Means of Economic Development


  • Not only the life of the entrepreneur is improved but also the society where the business is located
• Entrepreneur


  Someone who "undertakes" the risk of enterprise
• Entrepreneurship


  The process of creating an enterprise
• Entrepreneurs


  • Innovators who are willing to take risks and generate unique ideas that can provide profitable solutions to the needs of the market and the society
• Personality Factors affecting Entrepreneurship

  • Initiative
  • Proactive
  • Problem Solver
  • Perseverance
  • Persuasion
  • Planner
  • Risk-taker
• Environmental Factors affecting Entrepreneurship

  • Political
  • Climate
  • Legal system
  • Economic conditions
  • Social conditions
  • Market situations
• 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
• Types of Entrepreneurs


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

  • Business Consultant
  • Teacher
  • Researcher
  • Sales
  • Business Reporter
• this means that one of the benefits an entrepreneur gets is to develop his managerial skills.

  Development of Managerial Capabilities
• 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.

  Economic and Dynamic Activity