Objectives: Discuss the relevance of entrepreneurship in general, including its economic importance; Define who is an entrepreneur; Explain the key concepts of common and core competencies in entrepreneurship; Delineate clearly between entrepreneurship and employment; Explore opportunities for entrepreneurship as a career. Presentation Title
What is Entrepreneurship? A proactive process of developing a business venture to make a profit. It involves seeking opportunities for a market, establishing and operating a business out of the opportunity, and assessing its risks and rewards through close monitoring of the operations. 9/3/20XX Presentation Title 2
Societal & Economic Benefits of Entrepreneurship
1. Produces more jobs that equate to an increase in national income. 9/3/20XX Presentation Title 4
2. Amplifies economic activities of different sectors of society. 9/3/20XX Presentation Title 5
3. Introduces new & innovative products & services. 9/3/20XX Presentation Title 6
4. Improves people’s living standards. 9/3/20XX Presentation Title 7
5. Disperses the economic power & creates equality. 9/3/20XX Presentation Title 8
6. Controls the local wealth & balances regional development. 9/3/20XX Presentation Title 9
7. Reduces social conflicts & political unrest. 9/3/20XX Presentation Title 10
7. Reduces social conflicts & political unrest. 9/3/20XX Presentation Title 11
8. Elicits economic independence & capital formation. 9/3/20XX Presentation Title 12
Who is an Entreprener ? The word “ entrepreneur ” has a French origin & was coined from the words entre , which means “ between ”, and prendre , which means “ to take ”. An entrepreneur is a unique individual who has the innate ability & extraordinary dedication to establish & manage a business, acknowledging all the risks & reaping its rewards. 9/3/20XX Presentation Title 13
Assignment What do you think are the factors that drive Filipinos to become entrepreneurial? Name three entrepreneurial trends that you observe in your environment. Why do you think these entrepreneurs venture into these businesses??