ENTREP QUIZ 1

Kung skill issue ka at wala ka pang nare-review, use this as a guide.

contributes to increased frequency of natural disasters, rise in flows of refugees, and global conflict over food and water.

Climate change

events that can cripple civilization or even cause the extinction of the human race.

Existential risks

human-caused events that threaten the survival of life on earth

Anthropogenic

are part of the problem but also the greatest hope for the solutions.

Entrepreneurs

used in the financial markets to describe a prolonged period of declining prices for a particular asset, such as stocks, bonds, or commodities.

Bear market

it is a wellspring of economic growth, social renewal and personal development.

They are the ones who can alleviate poverty by contributing to economic growth and job creation

Entrepreneurship

someone who starts a business after the age of 55

Seniorpreneur

someone who works with the entrepreneur, such as the spouse, an accountant or a supplier

Copreneur

work in biotechnology, biology and the environment.

Biopreneurs

are driven by the profit motive. They seek growth and profits within the business world. Examples are Elon Musk, Mark Zuckerberg, Jeff Bezos, and Steve Jobs.

Business entrepreneurs

they are driven by a mission and seek to find innovative ways to solve problems that are not being or cannot be addressed by either the market or the public sector.

Social entrepreneurs

they may once have captured an opportunity like an entrepreneur but then do not continue to have the attributes that make it entrepreneurial.

Small-business owners

they would rather exploit existing equilibrium opportunities and optimize supply and demand in established markets

small-business owners

them, on the other hand, aims to exploit innovative venture opportunities and create new markets at home and abroad.

Entrepreneurs

The characteristics of seizing opportunities, embracing risks, and persistently realizing ideas.

It is this mind-set that has revolutionized the way business and social ventures are conducted at every level and in every country.

Entrepreneurial Mind-set

is the process of identifying, developing and bringing a vision to life, be it an innovative idea or simply a better way of doing something

Enterprising individual

means ‘willing to take risks in order to create value’

It mean that a person is the sole proprietor of the rest of their life, of their own destiny.

Entrepreneurial

entrepreneur is derived from the French of what?

entreprendre

meaning ‘to take in between’, or ‘to undertake’.

entreprendre

someone who undertakes to organize, manage and assume the risks of a business.

entrepreneur

Ability to consolidate resources
Management skills
A desire for autonomy
Risk takers
Competitiveness
Goal-oriented behavior
Confidence
Opportunistic behaviour
Intuitiveness
Pragmatism
The ability to learn from mistakes
The ability to employ human relations skills.

Characteristics of Entrepreneurs

Ancietn Prejudices
Roman Wealth
Freedmen Entrepreneurs
Islam
Prohibited Activities
Economic Freedom in Islam
Medieval Europe
Military Innovations
Feudalism to Capitalism transition
Merchant Entrepreneurs
Usury appeared
Merchant entrepreneurs’ major players in politics, shipping fleet, banks

Entrepreneurship Through the Ages

Usury and independence.

Ancient Prejudices

Excluded noble involvement.

Roman Wealth

Former slaves in business.

Freedmen Entrepreneurs

Business encouragement.

Islam

Pork, Alcohol, etc…

Prohibited Activities

Economic Freedom in Islam

Economic Freedom in Islam

Over half of the _____ were created during a recession or bear market.

Fortune 500

Wealth from conquest

Medieval Europe

Armor, crossbow, gunpowder

Military Innovations

Feudalism to…?

Capitalism transition.

Trade, ships, weapons.

Merchant Entrepreneurs:

loans, leased, buying on credit.

Usury appeared

politics, shipping fleet, banks

Merchant entrepreneurs' major players in…?

those who cherish individual liberty and self-reliance, frequently found themselves oppose

rugged individualists

liberation of individuals from undesirable controls

Sovereign Individual

The dynamic process of creating incremental wealth

This wealth is created by individuals who assume major risks in terms of equity, time, and/or career commitment of providing value for a product or service

The product or service itself may or may not be a new or unique but the entrepreneur must somehow infuse value by securing and allocating the necessary skills and resources

Summary Description of Entrepreneurship by Robert C. Ronstadt

are the pioneers of today’s business successes.

Their sense of opportunity, their drive to innovate and their capacity for accomplishment have become the standard by which free enterprise is now measured.

Entrepreneurs