ENTREPRENEURSHIP-INTRODUCTION-PPTXXXXXXX.

helpful for entrepreneurship subject

1. ENTREPRENEURSHIP

2. ENTREPRENEURSHIP – is 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.

3. ENTREPRENEUR Comes from the French word entreprendre which means to undertake . TYPES OF ENTREPRENEURS Micro entrepreneurs Mega entrepreneurs

4. ENTREPRENEURIAL PROCESS Formulation of strategy which should include an articulation of a plan and how this is going to be implemented. It involves several stages from the awareness of an opportunity to the realization of a business idea.

5. STEPS OF ENTREPRENEURIAL PROCESS DISCOVERY DEVELOPMENT OF BUSINESS CONCEPT ORGANIZING RESOURCES IMPLEMENTATION REAPING THE RETURNS

6. The world of entrepreneurship these days has already evolved and new terms are coined to suit an entrepreneur’s field or expertise. Here are some of them. 1. A technopreneur is an entrepreneur who puts technology at the core of his or her business model.

7. 2. A social entrepreneur is one who recognizes the country’s social problems and turn them to profitable institutions with the intention of helping the disadvantaged community rather than making profit.

8. 3. An intrapreneur is an entrepreneur in a large company or corporation who is tasked to think, establish and run a new big idea or project. Intrapreneurs are usually the product managers or the business development managers of a company. 4. An extrapreneur is an entrepreneur who hops from one company to another to act as the innovation champion, providing creative and efficient solutions.

9. ENTREPRENEURIAL DECISION-MAKING CRITICAL THINKING – the systematic and rational way of providing an answer to a question. CREATIVE THINKING – thought processes that bring about discovery of new ideas. STRATEGIC THINKING – involves thought processes that assess current situation that can be useful in the formulation of plans in the future.

10. COGNITIVE ADAPTABILITY Refers to the ability of individuals to be involved in the process of producing several ways of decision-making based on the identification and management of changes in their environment. It requires qualities of flexibility, dynamism and self-control on the part of the entrepreneur.