entrepreneurship unit 1 ppt
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Entrepreneurship
Karla Patricia G. Colmenar
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Introduction
The term Entrepreneuror
Entrepreneurshiporiginated in
Europe sometime in the
Middle Ages.
From the French word
entreprendre, which meansto undertake
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The Evolutionof
Entrepreneurshipand
Contemporary Views
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Evolution of Entrepreneurship
Entrepreneurship refers to undertaking a
business endeavor though there is no specific
reference to whether it meant undertaking
the business for himself (self-owned) or doingit for someone else (employment in a business
enterprise).
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Evolution of Entrepreneurship
It was reported that early entrepreneursprovided men and materials needed by feudallords to wage war against their enemies.
Its emergence in the height of feudal conflictin France indicates that the kind of activity is a
provisionof services,and there was no hintat that time that entrepreneurs were doing itfor personal gain.
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Evolution of Entrepreneurship
Entrepreneur can also be translated to meanbetween taker or go-between. An exampleis when Marco Polo attempted to establish
trade routes to the Far East.
In the 20thcentury, entrepreneurship has been
added to the list of curricular directionsamong schools because of the number ofscholars focusing on it.
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Contemporary Views
Lloyd Shefsky, in his book, Entrepreneurs areMade not Born, defined entrepreneur by dividingthe word to 3 parts:
Entremeans to enter Premeans before; and
Neurmeans nerve center
Someone who enters businessany businessintime to form or change substantially thatbusiness nerve center.
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Contemporary Views
Karl Vesper, Entrepreneurship is now a concernof various professions.
Economist: brings resources, labor, materials and
other assets who increases its value. Psychologist: driven by certain forces: need to obtain
something, to accomplish or escape from authority ofothers.
Businessman: threat, aggressive competitor, ally, a
source of supply, customer or someone good to investin.
Capitalist: creates wealth for others, finds better waysto use resources, reduce waste and produce jobs.
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Contemporary Views
Joseph Schumpeter, doing things that arenot generally done in the ordinary course ofbusiness routine.
Jeffry Timmons, the ability to create andbuild a vision from practically nothing. The
vision requires willingness to take calculatedrisks (personal and financial) and doeverything to reduce chances of failure.
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Contemporary Views
Albert Shapero, a kind of behavior that will
include:
Initiative taking
Organizing and recognizing of social/economic
mechanisms to turn resources and situations to
practical account
Acceptance of risks and failures
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Contemporary Views
Entrepreneurship is the process of creatingsomething different with value by devoting
the necessary time and effort, assuming the
accompanying financial, psychic, and social
risks, and receiving the resulting rewards of
monetary and personal satisfaction.
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Businessman
VS.Entrepreneur
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Businessman VS. Entrepreneur
Business classified according to ownershipstructure, such as proprietorship, partnership orcorporation. It can also be categorized to
industries which includes trading, servicing andmanufacturing.
Entrepreneurship comes in revolutionary
forms, such as social entrepreneurship,ecopreneurship, technopreneurship andinfopreneurship.
http://businesstips.ph/the-difference-between-a-businessman-and-entrepreneur/ /
http://businesstips.ph/the-difference-between-a-businessman-and-entrepreneur/http://blog.topplaza.com/2011/07/businessman-vs-entrepreneur-whats-the-difference/http://blog.topplaza.com/2011/07/businessman-vs-entrepreneur-whats-the-difference/http://businesstips.ph/the-difference-between-a-businessman-and-entrepreneur/http://businesstips.ph/the-difference-between-a-businessman-and-entrepreneur/http://businesstips.ph/the-difference-between-a-businessman-and-entrepreneur/http://businesstips.ph/the-difference-between-a-businessman-and-entrepreneur/http://businesstips.ph/the-difference-between-a-businessman-and-entrepreneur/http://businesstips.ph/the-difference-between-a-businessman-and-entrepreneur/http://businesstips.ph/the-difference-between-a-businessman-and-entrepreneur/http://businesstips.ph/the-difference-between-a-businessman-and-entrepreneur/http://businesstips.ph/the-difference-between-a-businessman-and-entrepreneur/http://businesstips.ph/the-difference-between-a-businessman-and-entrepreneur/http://businesstips.ph/the-difference-between-a-businessman-and-entrepreneur/http://businesstips.ph/the-difference-between-a-businessman-and-entrepreneur/http://businesstips.ph/the-difference-between-a-businessman-and-entrepreneur/ -
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Businessman VS. Entrepreneur
Starts a business from an
existing idea or concept
Has many business rivals
Focuses on competition
Starts a business from
his own unique idea or
concept
His business rival is
himself
Focuses on cooperation
http://businesstips.ph/the-difference-between-a-businessman-and-entrepreneur/ /
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Businessman VS. Entrepreneur
Is always busy on his
business busy-ness
Dont have enough time for
his family and personal life
His business gives him a
living
Is only busy in preparing his
new enterprise
Have a lot of time for his
family and personal life
He gives life to his business
http://businesstips.ph/the-difference-between-a-businessman-and-entrepreneur/ /
http://businesstips.ph/the-difference-between-a-businessman-and-entrepreneur/http://blog.topplaza.com/2011/07/businessman-vs-entrepreneur-whats-the-difference/http://blog.topplaza.com/2011/07/businessman-vs-entrepreneur-whats-the-difference/http://businesstips.ph/the-difference-between-a-businessman-and-entrepreneur/http://businesstips.ph/the-difference-between-a-businessman-and-entrepreneur/http://businesstips.ph/the-difference-between-a-businessman-and-entrepreneur/http://businesstips.ph/the-difference-between-a-businessman-and-entrepreneur/http://businesstips.ph/the-difference-between-a-businessman-and-entrepreneur/http://businesstips.ph/the-difference-between-a-businessman-and-entrepreneur/http://businesstips.ph/the-difference-between-a-businessman-and-entrepreneur/http://businesstips.ph/the-difference-between-a-businessman-and-entrepreneur/http://businesstips.ph/the-difference-between-a-businessman-and-entrepreneur/http://businesstips.ph/the-difference-between-a-businessman-and-entrepreneur/http://businesstips.ph/the-difference-between-a-businessman-and-entrepreneur/http://businesstips.ph/the-difference-between-a-businessman-and-entrepreneur/http://businesstips.ph/the-difference-between-a-businessman-and-entrepreneur/ -
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Businessman VS. Entrepreneur
Traditional
Stays safe
Worried
Profit oriented
Innovative and revolutionary
Risk taker and accountable
Excited
People (i.e., employee,
customer, public) oriented
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Businessman VS. Entrepreneur
Has an active income or
profit
Hire people to increasebusiness productivity
A market player
Has a passive income or
profit
Hire people to givethem productivity
A market leader
http://businesstips.ph/the-difference-between-a-businessman-and-entrepreneur/
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Businessman VS. Entrepreneur
Has not yet achieved
financial freedom
Only gives importanceto a part of the business
world (atomistic)
Has achieved financial
freedom
Gives importance to thebusiness world as a
whole (holistic)
http://businesstips.ph/the-difference-between-a-businessman-and-entrepreneur/
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Socio-Economic Benefits from
Entrepreneurship
Entrepreneurs are pioneered converting ideasinto products and dreams into reality.
Entrepreneurs blend creativity, innovation andrisk taking with hard work to form and nurturenew ventures.
They play a major role in providing employmentfor himself and his immediate environment.
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Socio-Economic Benefits from
Entrepreneurship
Promotes Self-Help and Employment
The spirit and culture of self-help, self-relianceand self-sufficiency among citizens of nation is
addressed. The entrepreneur helps the
government by providing employment for
himself and to those he employed in the firm.
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Socio-Economic Benefits from
Entrepreneurship
Mobilizes Capital
Every person who would put up his businesswill release or mobilize capital that would fire
up the economy. Capital will be pumped into
the financial system and the economy which
will give more business options for others and
more income for the capital owners.
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Socio-Economic Benefits from
Entrepreneurship
Provides Taxes to the Economy
Entry of an entrepreneur means another taxsource for the government. They contribute to
the economy.
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Socio-Economic Benefits from
Entrepreneurship
Empower Individuals
An indicator of the economic well being of a
person can be gauged by the amount of financial
resources that citizens can accumulate. Due to
the potential of having a higher income than
those employed, the possibility of wealthaccumulation is enhanced together with the
economic standing in society.
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Socio-Economic Benefits from
Entrepreneurship
Enhance National Identity and Pride
The quantity and quality of the products of anentrepreneur can be a source of pride and
identity of a country. The country can take
pride of the products as well.
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Socio-Economic Benefits from
Entrepreneurship
Enhance Competitive Consciousness
Innovation, being the essence of
entrepreneurship, can be a means of a culture
of competition, which in long term can breed
quality and international competitiveness.
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Socio-Economic Benefits from
Entrepreneurship
Improves Quality of Life
The desire of an entrepreneur for innovationand development of a new product, as well as
the creation of new markets can contribute to
better products and services and enhance
the quality of life.
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Socio-Economic Benefits from
Entrepreneurship
Enhances Equitable Distribution of Income and
Wealth
With the success of entrepreneurs in their
respective endeavors, chances are that there
will be equal distribution of income and
wealth.
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Challengesto
Entrepreneurs
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Challenges to Entrepreneurs
Borderless World It can be both a
challenge and an opportunity.
Where an entrepreneur used to develop and
market his products locally, he is now faced
with competition not only with local
competitors but with imported products and
services now available in the local market.
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Challenges to Entrepreneurs
By exploiting the cyber space or informationhighway and the various software available inthe market, one can easily network with
foreign markets.
Computers in offices and households
revolutionized business operations andsystems, allowing any place as a base forbusiness operations.
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TheFilipino
Entrepreneur
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The Filipino Entrepreneur
Success stories of Filipino entrepreneurs
focuses on the notion that
entrepreneurship means or refers to that
of being engaged in small and medium
enterprises or establishing and managing
a business of his own.
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