ENTREPRENURIAL IDEA
Lesson 1- Introduction of a specific innovative way to satisfy
Entrepreneurship want, overcome a problem, or meet a
challenge.
ENTREPRENEURIAL
Etymology of the Word
OPPORTUNITY
Entrepreneur
defined as a want, problem, or
The word entrepreneur is derived from challenge that can be addressed,
the French word “entreprendre” solved, and/or satisfied by an
means “to undertake” innovative initiative
Entrepreneur is a person who ENTERPRISE
undertakes the risk
an organization that is engage in
Entrepreneurs are innovators commercial activities – the trade of
willing to take the risks and generate goods or services, or both, with
unique ideas that can provide consumers.
profitable solutions to the needs of the Its goal basically, is to earn profit.
market and the society
Profit- the return or compensation to
Enterprise: created by an entrepreneur the entrepreneur for taking on the risk
ENTREPRENEURSHIP of developing an idea into an actual
business venture.
defined as the process of designing,
launching and running a new the return or compensation to the
business, which typically begins as a entrepreneur for taking on the risk of
small business, such as a startup developing an idea into an actual
company, offering a product, process business venture.
or service for sale or hire TYPES OF ENTERPRISE ACCORDING
a science of converting ideas into TO CONCEPT
business. 1. An enterprise can involve a new
a process of actions of an concept.
entrepreneur who is always in search 2. An enterprise can be built on an
of something new to exploit new ideas existing concept, but giving rise to a
into gainful opportunities by accepting new business.
the risk and uncertainty of the
enterprise 3. An enterprise can involve an existing
concept and an existing business.
It is about execution of ideas
_________________________________
refers to the concept of developing
and managing a business venture in 1. An enterprise can involve a new
order to gain profit by taking several concept.
risks in the corporate world - means creating or stumbling on a new
idea or concept, and creating or inventing
something radically new.
, 2. An enterprise can be built on an existing you can be employed as business
concept, but giving rise to a new business. reporter.
- This usually means creating a new
● NOT-FOR-PROFIT FUNDRAISER -
business based on the existing concept.
Being able to raise funds requires
3. An enterprise can involve an existing understanding the importance of
concept and an existing business. business and networking
REVELANCE OF ENTREPRENEURSHIP ● Relationships. It is a great place for
someone with this type of degree
1. Development of managerial capabilities
because you will have experience in
2. Creation of organizations
studying advanced concepts that can
3. Improving standard of living
be used to your advantage on the job.
4. Means of economic development.
● INTRAPRENEUR
Entrepreneurial Career Job
Opportunities - an inside entrepreneur an or
entrepreneur within a large firm
● BUSINESS CONSULTANT - provide
advice about business issues, such as - uses entrepreneurial skills without
the development and implementation incurring the risks associated with
of business plans, how to streamline those activities
operations or how to expand into a
- an employee who is tasked with
new market.
developing an innovative idea or
● MANAGEMENT ANALYST - The project within a company.
person who evaluates a business’
Competencies in Entrepreneurship
systems, procedures and operations,
they may also review a business’ 1. LOCUS OF CONTROL
financial matters, such as the ratio of
income to expenditures. - Entrepreneur must know how to
determine the state to which a person
● TEACHER - A graduate of an agreed that their actions can be
entrepreneurship can use his directly affect a situation, or that they
knowledge in teaching. control a result.
● SALES - Someone who works in sales 2. SPECIFIC GOAL SETTING
or runs the department needs to know
how businesses run. They need to - Entrepreneurs that are motivated to
know how to represent a company, set goals, particularly business growth
manage accounts, and follow up on objectives, have been found to
leads. increase firm growth resulted in the
firm performance and innovation.
● RESEARCH AND DEVELOPMENT -
To work in R&D, you need to 3. SELF-EFFICACY
understand business concepts, - Entrepreneurs must believe in their
procedures, and practices. With all of own ability or self-confidence.
the training and education someone Learners with high self-efficacy will
has received learning about persevere even in the face of
entrepreneurship, they are well setbacks, will take negative feedback
prepared for this type of position. more positively and use it to improve
● BUSINESS REPORTER - The their performance.
entrepreneur being expert in the field,
Lesson 1- Introduction of a specific innovative way to satisfy
Entrepreneurship want, overcome a problem, or meet a
challenge.
ENTREPRENEURIAL
Etymology of the Word
OPPORTUNITY
Entrepreneur
defined as a want, problem, or
The word entrepreneur is derived from challenge that can be addressed,
the French word “entreprendre” solved, and/or satisfied by an
means “to undertake” innovative initiative
Entrepreneur is a person who ENTERPRISE
undertakes the risk
an organization that is engage in
Entrepreneurs are innovators commercial activities – the trade of
willing to take the risks and generate goods or services, or both, with
unique ideas that can provide consumers.
profitable solutions to the needs of the Its goal basically, is to earn profit.
market and the society
Profit- the return or compensation to
Enterprise: created by an entrepreneur the entrepreneur for taking on the risk
ENTREPRENEURSHIP of developing an idea into an actual
business venture.
defined as the process of designing,
launching and running a new the return or compensation to the
business, which typically begins as a entrepreneur for taking on the risk of
small business, such as a startup developing an idea into an actual
company, offering a product, process business venture.
or service for sale or hire TYPES OF ENTERPRISE ACCORDING
a science of converting ideas into TO CONCEPT
business. 1. An enterprise can involve a new
a process of actions of an concept.
entrepreneur who is always in search 2. An enterprise can be built on an
of something new to exploit new ideas existing concept, but giving rise to a
into gainful opportunities by accepting new business.
the risk and uncertainty of the
enterprise 3. An enterprise can involve an existing
concept and an existing business.
It is about execution of ideas
_________________________________
refers to the concept of developing
and managing a business venture in 1. An enterprise can involve a new
order to gain profit by taking several concept.
risks in the corporate world - means creating or stumbling on a new
idea or concept, and creating or inventing
something radically new.
, 2. An enterprise can be built on an existing you can be employed as business
concept, but giving rise to a new business. reporter.
- This usually means creating a new
● NOT-FOR-PROFIT FUNDRAISER -
business based on the existing concept.
Being able to raise funds requires
3. An enterprise can involve an existing understanding the importance of
concept and an existing business. business and networking
REVELANCE OF ENTREPRENEURSHIP ● Relationships. It is a great place for
someone with this type of degree
1. Development of managerial capabilities
because you will have experience in
2. Creation of organizations
studying advanced concepts that can
3. Improving standard of living
be used to your advantage on the job.
4. Means of economic development.
● INTRAPRENEUR
Entrepreneurial Career Job
Opportunities - an inside entrepreneur an or
entrepreneur within a large firm
● BUSINESS CONSULTANT - provide
advice about business issues, such as - uses entrepreneurial skills without
the development and implementation incurring the risks associated with
of business plans, how to streamline those activities
operations or how to expand into a
- an employee who is tasked with
new market.
developing an innovative idea or
● MANAGEMENT ANALYST - The project within a company.
person who evaluates a business’
Competencies in Entrepreneurship
systems, procedures and operations,
they may also review a business’ 1. LOCUS OF CONTROL
financial matters, such as the ratio of
income to expenditures. - Entrepreneur must know how to
determine the state to which a person
● TEACHER - A graduate of an agreed that their actions can be
entrepreneurship can use his directly affect a situation, or that they
knowledge in teaching. control a result.
● SALES - Someone who works in sales 2. SPECIFIC GOAL SETTING
or runs the department needs to know
how businesses run. They need to - Entrepreneurs that are motivated to
know how to represent a company, set goals, particularly business growth
manage accounts, and follow up on objectives, have been found to
leads. increase firm growth resulted in the
firm performance and innovation.
● RESEARCH AND DEVELOPMENT -
To work in R&D, you need to 3. SELF-EFFICACY
understand business concepts, - Entrepreneurs must believe in their
procedures, and practices. With all of own ability or self-confidence.
the training and education someone Learners with high self-efficacy will
has received learning about persevere even in the face of
entrepreneurship, they are well setbacks, will take negative feedback
prepared for this type of position. more positively and use it to improve
● BUSINESS REPORTER - The their performance.
entrepreneur being expert in the field,
