01 Introduction+to+Entrepreneurship
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Transcript of 01 Introduction+to+Entrepreneurship
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1
Introduction ToEntrepreneurship
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t the end of this to ic student are iven the followin
competencies: n erstan ng t e concept o entrepreneurs p an
entrepreneur
Identifying characteristics of successful entrepreneurs
-entrepreneur
.
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Contents Definition/concept of entrepreneurship and
Why become an entrepreneur?
Characteristics of successful entrepreneur
dvanta es/disadvanta es of entre reneurshi
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The World of the EntrepreneurThe World of the Entrepreneur Every year U.S. entrepreneurs launch 550,000 newEvery year U.S. entrepreneurs launch 550,000 new
businesses.businesses.
Entrepreneurial spiritEntrepreneurial spirit -- the most significant economicthe most significant economic..
Global Entrepreneurship Monitor (GEM) studyGlobal Entrepreneurship Monitor (GEM) study: 18.7% of: 18.7% ofa u t popu at on n t e U. . s act ve y nvo ve n try nga u t popu at on n t e U. . s act ve y nvo ve n try ngto start a new business.to start a new business.
3/1/2012 1 - 4Ch. 1: The Foundations of Entrepreneurship
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e or o e n repreneure or o e n repreneur
GEMGEM study reports:study reports:
Men are twice as likel to start a business as women.Men are twice as likel to start a business as women.
Most entrepreneurs turn to family members and friends forMost entrepreneurs turn to family members and friends for..
Entrepreneurs are most likely to launch businesses whenEntrepreneurs are most likely to launch businesses when..
3/1/2012Ch. 1: The Foundations of Entrepreneurship 1 - 5
is the rocess of creatin somethin new with value bdevoting the necessary time and effort, assuming the
, , ,receiving the resulting rewards of monetary and
.
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A firm that operates and implements combinations ofnew activities such as product development, market
research, sourcing materials, manufacturing and so on(Shum eter, 1 4)
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Someone who engages in entrepreneurshipSomeone who engages in entrepreneurship
WhoWho or anizes, mana es andor anizes, mana es and assumesassumes the risks of athe risks of abusiness or enterprisebusiness or enterprise
and take on the risks required to convert ideas intoand take on the risks required to convert ideas into
Someone who actually search for change, respond to it andSomeone who actually search for change, respond to it and
3/1/2012Ch. 1: The Foundations of Entrepreneurship 1 - 8
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Who Are The Entrepreneurs?
Paradigm shifters, innovators and opportunists
Wealth and employment creators
Economic engine drivers
Ke actors of the Mala sian Econom
Entrepreneurs are made and not born
ou can e t e entrepreneur - you ave w at t ta es
People who like to be their own boss
People who has experienced a social disruption?
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Wh Become Entre reneurs?
How peop e ecome entrepreneur ? y es gn an
default. To be own boss
Pursue their own ideas
Realize financial rewards
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To be own boss Contribute to society and to be recognized for your
e orts Create our own destin
Do what you enjoy and to have fun at
Reach your full potential
Reap impressive profits
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Characteristics of successful
en repreneur ome examp es
Concern for quality of work Efficient Good business strate High commitment Hi h initiative Persistence
Searchin for information Self-Confident Systematic planner
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What can you say about the
characteristics of following
n v ua sa u ony ernan ez
Bill Gates
Tan Sri Syed Mukhtar Albukhari
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Advantages of entrepreneurship
Autonomy self control
ersonne sa s ac on an c a enge
Wealth creation gain more income
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Disadvantages of entrepreneur Complete responsibility
H g eve s o stress Long hours and hard work
Lower quality of life until the business gets established
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Uncertainty of income
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Contribution of entrepreneurs Creating employment
Discovering new source of materials
Introducing new technology
Mobilizin ca ital resources
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What is your opinions of these
s a emen s
, Entrepreneurs are gambler
Entrepreneurs are motivated by money
Entre reneurs should be oun and ener etic
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