FOR ENTREP EXAM 2ND QUARTER

greek word entreprendre

Where did the word entrepreneiurship come from

to undertake

what does entreprendre mean

Entrepreneur

people who take risks of starting a new business

Employment Creation, economic development, technological advancement, market dynamics, socio-cultural changes

Importance of entrepreneurship in society

Agripreneurship (ex. dragon fruit farm)

Type of entrepreneurship where it focuses on the selling of various agricultural goods

Buyer Entrepreneurship (ex. Tony Tan CAktiong, Jollibee)

where business individuals possess capital and utilize it to buy established companies or merge with smaller companies.

Ecopreneurship (ex. The Bamboo Company)

type of entrepreneurship wherein it is also called green business it aims on saving earth while making good profit

Imatator Entrepreneurship (ex. Xiaomi)

type of entrepreneurship where in the company copies or adapt successful businesses.

Intrapreneurship (ex. Gmail)

type of entrepreneurship, being an entrepreneur within a company

Large Business Entrepreneurship (ex. Globe Telecom)

type of entrepreneurship includes taking calculated risks to develop new market offerings

Scalable startup entrepreneurship (Ex. Kumu)

small scale enterprise that quickly expands

Small Business Entrepreneurship (ex. ukay)

smaller scale rather than expanding to a corporation

Social Entrepreneurship (ex. Bambike)

type of entrepreneurship that is creating products to address social issues

Technopreneurship (ex. ethernet)

type of entrepreneurship that combines technology and entrepreneurial skils.

Small Medium Micro Sized Enterprises

SMME

Sole proprietorship

business is owned by a single person

Partnership

business is owner by 2 or more people

Corporation

business has its own identity, separate and distinct from stockholders.

Cooperative

business is owned by a group of people with common interest, this is voluntary.

Leadership, Articulate, Sociable, Adaptable, Collaborative, Multifaceted, Resilient, Proactive, Innovative, Risk-Taker, Creative, Passion

Entrepreneurial Competencies:

Extrinsic Motivation

motivating individuals in completing a task by offering rewards

Intrinsic Motivation

motivating individuals because they are passionate about the business

Achievement motive

type of intrinsic motivation where in the individual has a strong motivation to succeed

Affiliation motive

a type of intrinsic motivation, the act of pursuing an emotional connection with others

Power motive

an individual is motivated by the desire for control, influence and ability to change circumstances

Dreamer, Designer, Detailer

Generating Business Ideas steps