ENTREPRENEURSHIP

LESSON 1
RELEVANCE OF THE COURSE
KEY CONCEPTS AND CORE
COMPETENCIES
ENTREPRENEURSHIP

Is a science of converting

processed ideas into a
remarkable business venture.
ENTREPRENEURSHIP
Entrepreneurship is also a capacity for innovation,
investment and expansion in new market, products and
techniques.
Happens when an individual takes the risks and invest
resources to:
o make something unique or new
o design a new way of making something that already exists
o create new markets.
(p.14 Entrepreneurship by Fajardo, 2009)
ENTREPRENEUR
Comes from the word “Entreprendre”
which means to do something.
One who organizes, manages and
assumes the risks of a business or
enterprise.
AN ENTREPRENEUR IS………

1. A Missionary
2. Goal Driven
3. A Marketing Man
4. One Who Starts Small to Become
Big
Philippines is a haven for the development of
entrepreneurs.
The resources for development are varied and
numerous.
Focus must be as to where small and medium
business opportunities are.
BENEFITS TO SENIOR HIGH SCHOOL
STUDENTS

1.Classify individual entrepreneurial interests.

2.Apply basic marketing acumen.
3.Determine legitimate sources of resources.
4.Analyze ownership structures.
5.Convert threats into opportunities.
BENEFITS TO SENIOR HIGH SCHOOL
STUDENTS

6.Adaptation of concepts and strategies for ideal

generation.
7.Evaluate feasibility of ideas.
8.Discovery of entrepreneurial innovators who also have
competence and edge to start their own businesses.
9.Consider ethical and legal business practices.
10.Write a micro business plan.
USEFULNESS OF THE COURSE
TO THE STUDENTS

1.Develops skills in starting up a business.

2.Demonstrate skills in maintaining business in
long term basis.
3.Enhances knowledge of business operations
and expansions.
4.Finds next level of training or access other
resources and services.
5.Demonstrates business management.
USEFULNESS OF THE COURSE
TO THE STUDENTS

6.Uses components of a business plan.

7.Considers to become employer rather
than employee.
8.Changes attitude toward
entrepreneurship as a means of
making a living.
 USEFULNESS OF THE COURSE
TO THE STUDENTS

9.Changes in personal and career

attitudes including:
• Communication • Self-management/personality
• Self-actualization responsibility
• Ability to manage one’s own •life
Collaboration/networking
• Self concept and awareness • Motivation
• Problem solving • Creativity
• Teamwork
IMPORTANCE OF ENTREPRENEURSHIP EDUCATION

1.Entrepreneurship is very important to our

economy as key driver.
2.Entrepreneurship education is an individual
lifelong learning process.
3.Entrepreneurship will energize school
management.
4.Entrepreneurship will transform learners to
be innovators.
4 REASONS TO BEGIN ENTREPRENEURIAL
CULTURE IN SCHOOLS

1. Entrepreneurship Education
benefits every student by
giving them an alternate career
path at any time in their lives.
4 REASONS TO BEGIN ENTREPRENEURIAL
CULTURE IN SCHOOLS

2. Every career and technical

student with a skill to sell in the
market place should consider the
difference between finding a job
and making their own job.
4 REASONS TO BEGIN ENTREPRENEURIAL
CULTURE IN SCHOOLS

3. The consideration in terms of value

in entrepreneurial opportunities
maintains the innovative and creative
thinking skills that exists in the very
early grades.
4 REASONS TO BEGIN ENTREPRENEURIAL
CULTURE IN SCHOOLS

4. Gives opportunities to those

that left their communities and
wants to comeback and translate
business opportunities into
success.
CORE COMPETENCIES OF
ENTREPRENEURSHIP
ENTREPRENEURIAL SKILLS AND COMPETENCIES

1. Locus of Control
2. Specific Goal Setting
3. Self-efficacy
4. Layers of Competency
ENTREPRENEURIAL SKILLS AND COMPETENCIES

5. Need for Achievement

6. Ambition
7. Willingness to Learn
8. Strong Initiative
ENTREPRENEURIAL SKILLS AND COMPETENCIES

9. Adaptability and Flexibility

10. Willingness to Take Risks
11. Interpersonal Skills
10 COMPETENCIES FOR ENTREPRENEURIAL
SUCCESS

1. Integrity
2. Conceptual Thinking
3. Risk Taking
4. Networking/Collaboration
5. Strategic Thinking
10 COMPETENCIES FOR ENTREPRENEURIAL
SUCCESS

6. Commercial Aptitude
7. Decisiveness
8. Optimism
9. Customer Relation Service
10. People Centered
“If you can dream it, you
can do it.”
-Walt Disney