TLE INTRODUCTION TO ENTREPRENEURSHIP

• Entrepreneur


  Derived from the French verb "entreprendre", which means "to undertake"
• Entrepreneurs undertake the risk of enterprise
• Creativity


  Cognitive process of overcoming gap, 1st creation through thinking
• Innovation


  Action, execution, 2nd creation through implementation
• Creativity


  • Opportunity - problem, gap, change of environment, new need
• Creativity & Innovation


  • Idea - new way, alternative process, combination
  • Invention - product, service, process, combination
• Innovation


  • Commercialise - resource acquisition, convert into profitable venture, line
• Entrepreneurship clusters


  • Achievement cluster - opportunity seeker, risk taker, commited, persistent, efficient and quality oriented
  • Planning cluster - goal-setter, information seeker, systematic in planning and monitoring
  • Power cluster - persuasive and positive worker, self-confident
• Entrepreneur - Individual/Person
• Entrepreneurship - Action Process
• Enterprise - Object