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    ENTREP

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    deseseamor829

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    ENTREP

    Uploaded by

    deseseamor829
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    ENTREP PPT

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    3 views60 pages

    ENTREP

    Uploaded by

    deseseamor829

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    of 60

    ENTREPRENEURIAL

    MINDSET

    DESIRAE AMOR KISSES T. ABENOJA, LPT


    ENTREPRENEURSHIP
    WHAT IS
    ENTREPRENEURSHIP?
    Entrepreneurship- a life skill that
    readies a person to manage the
    vague and undefined future
    particularly in the business
    environment.
    Transforming ideas into
    economic opportunities
    Creation of
    Collective something
    Mindset and new or
    skillsets something
    unique.
    ENTREPRENEURSHIP VIEWS
    OLDER
    NEWER
    VIEWS
    VIEWS
    PREDICTIVE
    CREATION
    APPROACH
    APPROACH
    PREDICTIVE APPROACH
    LINEAR PROCESS
     There are steps to do and results
    are usually predictable
    CREATION APPROACH
    A MINDSET AND A METHOD
     Needs practice and used only when
    the future is unpredictable and not
    • Predictive Approach • Creation Approach

    Analytical, data- Action-oriented,


    driven, and relies flexible, and
    on clear, often starts with
    established goals broad, evolving
    and ample goals and limited
    information. resources.
    Janine Mikaella Chiong
    Bernadee Uy
    Maria Paulina Savillo
    CREATION
    > PREDICTION
    START
    OF ENTREPRENEURSHIP
    IN
    THE PHILIPPINES
    THE 1987 CONSTITUTION OF THE REPUBLIC OF THE
    PHILIPPINES – ARTICLE XII

    NATIONAL ECONOMY AND PATRIMONY


    SECTION 1.
    The goals of the national economy are a more equitable
    distribution of opportunities, income, and wealth; a
    sustained increase in the amount of goods and services
    produced by the nation for the benefit of the people; and an
    expanding productivity as the key to raising the quality of life
    for all, especially the underprivileged.
    PHILIPPINE CHAMBER OF
    COMMERCE AND INDUSTRY

    PHILIPPINE CENTER FOR


    ENTREPRENEURSHIP (PCE)
    PHILIPPINE CENTER FOR
    ENTREPRENEURSHIP
    (PCE)

    COMMUNITIES
    ENTREPRENEURSHIP
    THE SKILLS
    IMPORTANT IN
    ENTREPRENEURSHIP
    PLAY

    CREATIVITY REFLECTION EXPERIMENTATION

    EMPATHY
    REFLECTION
    1. NARRATIVE - it describes what happend in terms of
    what took place, what said, and the people
    involved
    2. EMOTIONAL - centers on the feelings and its
    management
    3. PERCEPTIVE - focuses on ones insights and feedbacks,
    how various views, needs taht affected the
    experience
    4. ANALYTICAL - rationalizing about skills and
    understanding
    5. EVALUATE - concerns on what went well or bad

    6. CRITICAL - approach applied, quiries, might have still


    done
    THE TRUTHS ABOUT
    ENTREPRENEURSHIP
    NOT SOLELY FOR STARTUPS
     Companies to franchises
     Profit to non-profit organizations
     Family owned business

    DO NOT HAVE EXCEPTIONAL PERSONALITY QUALITIES


     Risk Taker
     Achiever
     Influencer
     Open-minded for uncertainty
    CAN BE TAUGHT YET ENTAILS PRACTICE

    ENTREPRENEURS ARE NOT SO MUCH RISK-TAKERS


     “Stereotype as gamblers”
     Entrepreneurs are really risk-takers but normally would
    make calculations prior to taking the next step.
    ENTREPRENEURS WORK IN PARTNERSHIP MORE THAN
    THEY COMPETE

    ENTREPRENEURS ARE MORE ON DOING THAN


    PLANNING
    ENTREPRENEURSHIP AS A LIFE SKILL

    1. RESILIENCE
    2. AGILITY
    3. NEGOTIATING
    4. PROBLEM SOLVING
    5. RELATIONSHIP BUILDING
    6. MINDFULNESS
    TYPES OF ENTREPRENEURSHIP

    INTRAPRENEURSHIP
    - refers to encouraging people to
    discover high-risk, high reward
    concepts with the support of a big
    corporate organization.
    PAUL BUCHHEIT
    - American engineer and
    entrepreneur
    - Worked for google, and
    left on 2006
    - Developer of Gmail
    TYPES OF ENTREPRENEURSHIP
    ENTREPRENEURS INSIDE
    - entrepreneurs function inside any
    type of organizations such as
    government agencies, non-profit
    org., religious entities, self-employed
    and even cooperatives.
    PUREGOLD
    - Trader of consumer
    products on wholesale or
    retail basis
    - “Palengke Day” where
    vegetables and fruits are
    sold on “everyday prices”
    TYPES OF ENTREPRENEURSHIP
    BUYING A FRANCHISE
     Franchisee- entrepreneur who
    bought
     Franchisor- Existing brand
    business
    TYPES OF ENTREPRENEURSHIP
    BUYING A SMALLL BUSINESS
     Entrepreneur buys out the
    existing owner and takes the
    management and operations of
    ths small business.
     More upfront cost and less risk.
    TYPES OF ENTREPRENEURSHIP
    SOCIAL ENTREPRENEURSHIP
     Pursuing innovative applications
    for solving community-based
    problems or make solutions to
    social problem.
     Entrepreneurship for a cause
    A social enterprise brewing
    specialty teasan beverages and
    advocating sustainable sourcing
    from small local farms.
    Supports this lifestyle by carrying items driven
    by the pro-Philippines and pro-environment
    movements. They carry numerous brands of
    genuinely organic and locally-made food items,
    natural and affordable personal care,
    cosmetics, and home care products.
    TYPES OF ENTREPRENEURSHIP

    FAMILY BUSINESS
     “Fu Pu Kuo San Tai” chinese
    saying means “wealth does not
    pass three generations”
    TYPES OF ENTREPRENEURSHIP
    SERIAL BUSINESS
     An entrepreneur who constantly
    crops up with fresh ideas and
    starts new business
     After founding Zip2 in 1995, the
    company was sold four years later to
    Compaq Computers for $307 million. It
    was later integrated into the AltaVista
    search engine.
     Musk moved on to found x.com, an
    online payments platform that later
    ELON MUSK
    became known as PayPal.
     Invest in companies like SpaceX, Tesla
    Motors, and The Boring Company. In
    2022, he also purchased the social
    media platform X (formerly Twitter).
    ENTREPRENEURSHIP
    AS A METHOD
    PRO
    CES
    S
    D
    HO
    MET
    Effectuation Theory
    - you can maintain control by
    taking small steps in one
    Professor Saras D. direction instead of working
    Sarasvathy towards long-term goals with
    unpredictable outcomes.
    THE FIVE PRINCIPLES BEHIND
    EFFECTUATION

    1. Bird in Hand
    - Creating slutions using the resources available at
    the disposal of entrepreneurs instead of having goals
    in mind.
    - Start with the available means
    - Know who they are, what they know, who they
    know
    Founded by Socorro C. Ramos in
    1942 with only 211 pesos
    (equivalent to 15,047 pesos in
    2015)
    THE FIVE PRINCIPLES BEHIND
    EFFECTUATION

    2. Affordable Loss
    - Only investing much than an entrepreneur
    is willing and can afford to lose.
    - An affordable loss and have possible gains
    are big then the decision can be implemented.
    Founded by Mariano Que
    THE FIVE PRINCIPLES BEHIND
    EFFECTUATION

    3. Crazy Quilt
    - Entering into new partnerships that can
    bring in new opportunities and reduces
    uncertainty.
    - Collaborating and partnership with other
    people and companies.
    THE FIVE PRINCIPLES BEHIND
    EFFECTUATION

    4. Lemonade
    - Meeting consequences and
    surprises, entrepreneurs see
    opportunities arising in the midst of
    unforseen consequences.
    Dr. Cecilio Pedro
    THE FIVE PRINCIPLES BEHIND
    EFFECTUATION

    5. Pilot in the Plane


    - The future is really something that
    needs to be controlled and not try to
    predict.
    Corazon D. Ong
    COMPONENTS OF THE
    ENTREPRENEURSHIP METHOD

    1. IDENTIFY DESIRED IMPACT


    - Combine curiosity, drive, and
    motivation.
    COMPONENTS OF THE
    ENTREPRENEURSHIP METHOD

    2. BEGINS WITH MEANS AT HAND


    - Who am I? What do I know? Whom
    do I know?
    COMPONENTS OF THE
    ENTREPRENEURSHIP METHOD

    3. DESCRIBE THE IDEA TODAY


    - Combination of desired impact and
    means of hand
    COMPONENTS OF THE
    ENTREPRENEURSHIP METHOD

    4. ESTIMATE AFFORDABLE LOSS


    - Things that you’re willing to lose
    COMPONENTS OF THE
    ENTREPRENEURSHIP METHOD

    5. REFLECT AND BE HONEST


    6. TAKE SMALL ACTION
    7. NETWORK AND ENJOING OTHERS
    IN THE JOURNEY
    COMPONENTS OF THE
    ENTREPRENEURSHIP METHOD

    8. BUILD AND LEARN FROM WHAT


    HAS BEEN LEARNED
    MANAGERIAL
    AND
    ENTREPRENEURIAL
    THINKING
    MANAGERIAL THINKING

     best to apply during times of certainty


     uses information and data as basis for
    decision-making
     problems are transparent and
    information is reliable and reachable
    ENTREPRENEURIAL THINKING

     ability to identify opportunities


     discover and pursue the problem-
    solution fits
     seeing things differently
    MANAGERIAL THINKING ENTREPRENEURIAL THINKING

    Manage and mitigate risk Evaluate and embrace risk

    Safeguard inventions and insights


    Exchange ideas and share
    learnings

    Avoid failing Fail fast and try again

    Work within the confines of the Think in terms of possibilities


    current environment
    Increase the bottom line Create value and make a
    difference
    “ Practice makes it
    perfect”
    DELIBERATE PRACTICE

    “IN OUTLIERS: THE


    STORY OF
    SUCCESS”

    - 10,000 hours

    MALCOLM GLADWELL

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