The Entrepreneurial Mind - FOUNDATIONS OF ENTREPRENEURSHIP

The Entrepreneurial Mind - FOUNDATIONS OF ENTREPRENEURSHIP

2. Course Description
Upon completion of this course, students will develop an
“Entrepreneurial mind-set”, the underlying beliefs and
assumptions that drive the behaviors that allow
entrepreneur to succeed. Specifically, this course will help
the students in building their passion of creating their
own business. In today’s global entrepreneurial economy,
all members of the society whether self- employed or
employed by others will benefit from understanding and
embracing an entrepreneurial mind-set.
GE Elec 3: The Entrepreneurial Mind
3 Units
Saturday, 9:00 am – 12:00 pmSU
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MA
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3. COURSE OBJECTIVES

At the end of the course, the students should be able
to:
1.The students develop sense of responsibility and a
trait of a good entrepreneur as well as motivated to
set goals and objectives in creating a business.
2.The students learning at work and to be socially
responsible in business organizing then with
motivation in creating their own quality product.
3.The students ascribe self- management and critical
thinking in order work positively in a team by
creating a business plan with product.SU
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MA
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4. FOUNDATIONS OF
ENTREPRENEURSHIP
THE ENTREPRENEURS
ENTREPRENEURSHIP IN
THE PHILIPPINE SETTING
CONTENT
1
3
2

5. FOUNDATIONS OF
ENTREPRENEURSHIP
LEARNING OBJECTIVES
Describe the entrepreneurial process.
Identify the different types of entrepreneurs.
Describe the typical characteristics of Filipino
entrepreneurs.

6. ICE BREAKER
GUESS
THE
LOGO

7. GUE
SS
THE
LOG
O APPLE
STEVE JOBS

8. GUE
SS
THE
LOG
O MICROSOFT
BILL GATES

9. GUE
SS
THE
LOG
O FACEBOOK
MARK ZUCKERBURG

10. GUE
SS
THE
LOG
O PHILIPPINE AIRLINES
LUCIO TAN

11. GUE
SS
THE
LOG
O NATIONAL BOOK STORE
SOCORRO RAMOS

12. GUE
SS
THE
LOG
O MANG INASAL
EDGAR SIA II

13. GUE
SS
THE
LOG
O JOLIBEE
TONY TAN CAKTIONG

14. WHAT IS AN ENTREPRENEUR?
ENTREPRENEUR
Comes from the French word “entreprendre”
which means “to undertake”.

15. TYPES OF
ENTREPRENEURS
Mega Entrepreneurs
Micro Entrepreneurs

16. These individuals are also willing to
absorb huge risks using enormous
amounts of capital in their business
venture. (Quickmba.com)
MEGA ENTREPRENEURS

17. They engage in micro and small businesses
as an alternative to formal employment.
They are short in funds and inadequate in
skills.
MICRO ENTREPRENEURS

18. ENTREPRENEURIAL
PROCESS
“entrepreneurial discipline”
Which involves several stages from the
awareness of an opportunity to the
realization of a business idea.

19. STAGES OF
ENTREPRENEURIAL PROCESS
Discovery
Development
Organizing Resources
Implementation
Reaping the Returns

20. Refers to the recognition of a business idea
or the detection of opportunities that
could make money for the entrepreneur.
DISCOVERY

21. Gives more details on how the general
business idea can be realized.
It suggest the PREPARATION of a
BUSINESS PLAN.
DEVELOPMENT OF CONCEPT

22. Describes the process of identifying,
sourcing, and financing human, nonhuman,
and other resources needed for the
conduct of business.
ORGANIZING RESOURCES

23. Is the process of carrying out the business
plan.
IMPLEMENTATION

24. Pertains to strategies related to the
expansion of the business firm.
REAPING THE RETURNS

25. ENTREPRENEURIAL TRAITS
AND CREATION OF VALUE
ADDED
Level of Education
Employment Status
Entrepreneur’s Wealth
Risk Appetite 1

26. - Studies have shown that entrepreneurs
need some formal education to be able to
seize the opportunities presented by
inventions, innovations, and other
technological development.
ENTREPRENEURIAL TRAITS AND CREATION OF VALUE ADDED
LEVEL OF EDUCATION

27. - Individuals who become entrepreneurs in
developed countries are usually former
employees of companies in the formal sector.
ENTREPRENEURIAL TRAITS AND CREATION OF VALUE ADDED
EMPLOYMENT STATUS

28. - Wealth of the entrepreneur is also an
important factor.
ENTREPRENEURIAL TRAITS AND CREATION OF VALUE ADDED
ENTREPRENEUR’S WEALTH

29. - Risks are associated with uncertainties in
business operation.
ENTREPRENEURIAL TRAITS AND CREATION OF VALUE ADDED
RISK APPETITE

30. ENTREPRENEURIAL TRAITS
AND ENTREPRENEURIAL
INTENTIONS
Entrepreneurial Intentions
Planned actions formulated in the mind of
individuals w/c are geared toward the
objective of establishing a business venture
from potential business opportunities. 2

31. ENTREPRENEURIAL TRAITS AND ENTREPRENEURIAL INTENTIONS
“ HOW ARE THESE
INTENTIONS
FORMULATED?”

32. ENTREPRENEURIAL TRAITS
AND ENTREPRENEURIAL
INTENTIONS
INTERNAL FACTORS
EXTERNAL FACTORS 2

33. ENTREPRENEURIAL TRAITS
AND ENTREPRENEURIAL
INTENTIONS2
INTERNAL FACTORS
Include mainly the qualities of individuals
such as demographics, personal traits,
psychological characteristics, individual
skills, prior knowledge and social ties.

34. - Refer to gender, marital status, age, and
employment status of individuals.
FACTORS THAT INFLUENCE ENTREPRENEURIAL INTENTIONS
(INTERNAL FACTORS)
DEMOGRAPHIC

35. - self confidence, determination, and
enthusiasm, and other positive human
qualities.
FACTORS THAT INFLUENCE ENTREPRENEURIAL INTENTIONS
(INTERNAL FACTORS)
PERSONAL TRAITS

36. - Need for achievement, risk appetite,
acceptance for vagueness, self goal setting.
FACTORS THAT INFLUENCE ENTREPRENEURIAL INTENTIONS
(INTERNAL FACTORS)
PSYCHOLOGICAL TRAITS

37. FACTORS THAT INFLUENCE ENTREPRENEURIAL INTENTIONS
(INTERNAL FACTORS)
INDIVIDUAL SKILLS
PRIOR KNOWLEDGE
SOCIAL TIES

38. ENTREPRENEURIAL TRAITS
AND ENTREPRENEURIAL
INTENTIONS2
EXTERNAL FACTORS
1. Environmental Support
2. Environmental Influence

39. - Financial Institutions
- Training institutions in
setting up businesses
FACTORS THAT INFLUENCE ENTREPRENEURIAL INTENTIONS
(EXTERNAL FACTORS)
ENVIRONMENTAL SUPPORT

40. - Regulatory Structure
(Government Regulations
- Patents
- Protection of Property Rights
- Competitive Environment
FACTORS THAT INFLUENCE ENTREPRENEURIAL INTENTIONS
(EXTERNAL FACTORS)
ENVIRONMENTAL INFLUENCE

41. THANK YOUFOR YOUR ATTENTION!
Scribd. (n.d.). Part 1: Foundations of Entrepreneurship:
Chapter 1: The entrepreneurial mindset. Scribd.
https://www.scribd.com/presentation/425245376/Chapter-1
GE ELEC 3
References: