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old concepts but there is something “The entrepreneur differs from the manager or small
new or different or better which is a result of creativity business, not so much on goals or activities, but in
approach in doing business.” Camposano
What is ENTREPRENEURSHIP?
Forms of Entrepreneurship
The ability to create and build an enterprise from
practically nothing, fundamentally a creative act. – 1. Social Entrepreneurship
Donald F. Kuratko Any creative and innovative solution applied to solve
The creation of an innovative economic organization for social problems
the purpose of gain or growth under conditions of risk Involves social mission
and uncertainty. – Marc J. Dollinger
Search for approaches to move poor people out of
“It is making the world forever new. poverty
It is taking aggressive actions. Bottom line: people, profit, planet
” The Spirit of the Enterprise 2.Business Entrepreneurship
CREATION OF WEALTH UNDER For profit
CONDITIONS OF RISK
study of systems, structure, and staffing
creating new business
to make a corporation stay
modifying an existing business
competitive, innovative, and profitable
creating new uses, users, usage of a
product on a sustainable basis through keeping the
Origin and nature of Entrepreneurship “Sense of Mission” alive as you grow,
Evolution re-instilling customer/product vision in every employee,
fostering high-speed innovation, and 2. Creativity - Entrepreneurs need to be able to
think outside the box and find creative ways to
making self-inspired behavior the organization standard solve problems. Creativity is another core skill
Salient Features of Entrepreneurship in humanities.
3. Presentation and Performance - Being an
Providing values to customers entrepreneur requires the ability to sell yourself
Wealth-creating venture and your idea, whether to employees, founders,
funders or customers. Having a solid
Art of correct practices background in writing, presenting and even
performing enhances confidence and "stage
Risk – taking venture
presence" when pitching or selling.
Opening and managing self-owned business 4. Competitive analysis - All entrepreneurs need
to know about their competitors and what they
Impact of Entrepreneurship on the economy have done and are doing, as well as an overall
Reasons why we need Entrepreneurs market analysis. With a humanities
background, these skills are developed along
90% of the world’s jobs are created by the way.
entrepreneurs Who is an Entrepreneur?
Source of new products and innovation Common Understanding:
In the third-world countries, the The boss, The business owner, The risk
entrepreneurs keep the sagging taker, One who starts a small business,
economies alive The resourceful guy
It’s the entrepreneurs that keep the What Entrepreneurs do:
economy moving
build new organization,
Lessens the dilemma on the lack of job,
self-employment bring innovations to market,