L1&2

Question 1

entrepreneurship is viewed as important to (Philippine Setting)

Answer 1

• empowering the poor
• enhancing production, - impetus to innovation.

Question 2

Entrepreneurship is viewed as

Answer 2

1. Economic tradition
2. Social-psychological tradition
3. Emergence tradition
4. Opportunity tradition

Question 2

seeking wealth, resources

Answer 2

Economic Tradition

Question 3

recognizes entrepreneurship as an engine of economic growth.

Answer 3

1987 Phil. Constitution

Question 3

Creating new organization to transform the factors of production into certain output.

Answer 3

The Emergence Tradition

Question 4

Discovery, evaluation and exploitation of opportunities to introduce new goods and services, ways of organizing, markets, processes and raw materials .

Answer 4

The Opportunity Tradition

Question 4

Associated with business creation like family business, small business and social entrepreneurship and business success.

Answer 4

The Social-Psychological Tradition

Question 5

refers to the concept of developing and managing a business venture in order to gain profit by taking several risks in the corporate world.

Answer 5

Entrepreneurship

Question 6

Entrepreneurship teaches us to

Answer 6

• create oppurtunities
• ensure social justices
• stimulate the economy
• take risk

Question 7

principles of entrep

Answer 7

1. Reinventing the vision
2. Sucess with oppurtunism
3. Surrender sovereignity
4. Become your competitor worst nightmare
5. Nurture the entrepreneurial spirit
6. Unstoppable companies through teamwork

Question 8

Types of intrepreneur

Answer 8

Innovative
Imitating
Fabian

Question 8

Refers to a specific state of mind which orientates human

Answer 8

Entrepreneurial

Question 9

Skillset

Answer 9

Creativity
Teamwork
Idea Generation
Oppurtunity Analysis
Market research and costumer validation
Design thinking
Prototyping
Business model methodology
Pitching
Public speaking