Entrepreneurship

By
ROSALIE SHERYLL T.
ROSALES
Entrepreneurship

Its the capacity to develop, organize and

manage a business along with taking risks in
order to gain or make profit.
Entrepreneurship is the process by which an
individual identifies a business opportunity.

Success
Entrepreneur

A person who starts, organizes,

monitor and manages any
enterprises or business. An
entrepreneurs run business rather
than working as an employee.
They commonly seen as a
business leader and innovator of
new ideas and tend to be good at
finding new business opportunity
 Entrepreneurs consider as the
decision maker in the business,
they are the one who decides
what, how and how much a good
or service will be produced.

According to Joseph
Schumpeter, Entrepreneurs are
not necessarily motivated by
profit but regard it as a standard
for measuring achievement and
success.
 Role of Entrepreneurship

In order for entrepreneur to thrive

in a nation, the government must
play important in creating the kind
of business environment that create
the basis for growth, stability and
future success of entrepreneurs.
Who are Entrepreneurs?
Common traits
Original thinker
Risk taker
Take responsibility for own actions
Feel competent and capable
Set high goals and enjoy working toward
them
NATURE OF
ENTREPRENEURSHIP
Creation of an
-Its involves creation and preparation of an
Enterprise
enterprise/business
Organizing
function
-It brings together various factors of production
for economic use
Innovation
-Its a process of translating an idea into a good or
services that will satisfy the need and expectations
of the customers .
Risk bearing
Capacity
-It assumes uncertainty of future

Managerial and leadership

function
-It is responsible for controlling and coordinating
the human resource and giving direction to a
business.
Entrepreneurship Attitudes:
1.Capacity and willingness to
assume risk
2.Willing to hard work and be always
tenacious
3.Requires devotion of time and
effort
4.Creative and imaginative thinking
5.Innovative person
6.Total commitment and
determination
7.Ability to organization and
Outcomes of Entrepreneurship
Economic growth
Create social changes
New industry formation
Job creation
Function of Entrepreneurship
Innovation: An entrepreneur is
basically an innovator who tries to
develop new technology, products,
market etc.

Assumption of risk: An entrepreneur

is a risk taker, he always prepared
for assuming losses that may arise.
 Research An entrepreneur finalizes
an idea only after considering a
variety of option, analyzing their
strengths and weaknesses by
applying analytical techniques

Development of management skills:

The works of an entrepreneur
involves the use of managerial skills
which he develops while planning,
organizing, directing, controlling the
activities of business
 What are the different outcomes of engaging in
entrepreneurship?

Innovations product or services

Organizing resources
Creating new product or services
Generating wealth
Taking risk in a business venture
Prepared to face uncertainty
Create job opportunity
 Successful and Unsuccessful
Entrepreneur

Successful Unsuccessful

Creative and Poor manager

innovative Low work ethic
Position themselves Inefficient
in shifting or new Failure to plan and
markets prepare
Create new products Poor money
Create new processes managers
Create new delivery
SCOPE OF
ENTREPRENEURSHIP
 In the 20th century,
entrepreneurship was studied by
Joseph Schumpeter in the 1930s,
according to him an entrepreneur is
willing and able to convert a new idea
or invention into a successful
innovation

entrepreneurship use what

Schumpeter called The gale of
creative destruction. They believe
that creative destruction is largely
responsible for long term economic
Many people choose
entrepreneurship as a career due to
reason such us:
Desire of control over ones
future

More profit

Lack of employment
opportunity

Government measures to
promote entrepreneurship
 Entrepreneurship provides work
or employment and source of
income to people. It also help to
balanced the regional development
and growth in economy by reducing
the monopoly of rich business man.
Thank you!!!