Perspective On Entrepreneurship Flashcards
Came from the French word entreprende which means to undertake.
Entrepreneurship
Entrepreneurship came from the French word blank which means to undertake
Entreprendre
aims to bring about the cohesive integration of social, economic, institutional, and cultural environment, both at the individual level and the group level
Entrepreneurship
A professor who defined entrepreneurship is the process of creating something new with value by devoting the necessary time and effort assuming the accompanying financial psychic and social risks and receiving the resulting rewards of monetary and personal satisfaction and independence
Robert Hisrich Ph.D.
4 DEFINITION OF ENTREPRENEURSHIP
- Entrepreneurship involves the process of creation
- Entrepreneurship requires time and effort
- Entrepreneurship is a challenging task
- Being an entrepreneur is a fulfilling endeavor because of its rewards and personal satisfaction
-It is the capacity of an individual to utilize resources to create something unique or new or improve something that already exists and make them available in the market.
Entrepreneurship involves the process of creation
- An entrepreneur must devote his/her time to establish his/her business. He must exude passion, commitment and dedication in making his/her crafts.
Entrepreneurship requires time and effort
- Risk are inevitable in making a business. Entrepreneur may face multiple risk such as financial risk, competitive risk, environment risk, strategic risk and many more.
Entrepreneurship is a challenging task
- Aside from the profit that he/she gets the feeling of starting up your own business and making it successful is different.
Being an entrepreneur is a fulfilling endeavor because of its rewards and personal satisfaction
Definition of entrepreneur
is a person who is action oriented highly motivated takes Risks to achieve goals
Is a person who establishes his own business with the intention of making profits
Entrepreneur is a person who only provide capital without taking active part in the leading role in an enterprise
Entrepreneur is a one who innovates raise money assemble input choose manager and set the organization growing.
FAMOUS ENTREPRENEURS IN THE WORLD
- Jeff Bezos
- William Henry Gates(popularly known as Bill Gates)
- Mark Elliot Zuckerberg
- is the founder of Amazon which is the largest ecommerce marketplace and is used by millions of customers worldwide.
Jeff Bezos
- Is an American business magnate investor author and philanthropist. He is the founder of Microsoft which he launched along with Paul Allen in 1975
William Henry Gates(popularly known as Bill Gates)
Who is the partner of Bill gate to launch the Microsoft -
Paul Allen in 1975
- is an American technology entrepreneur and his the founder of the widely popular social media platforms Facebook.
Mark Elliot Zuckerberg
is undoubtedly the number 1 social media platforms used by everyone from students to marketers to leader from all over the world.
Entrepreneur is a
(PERSON)
ENTREPRENEURSHIP
Is a
(PROCESS)
ENTREPRENEUR (PERSON)+ENTREPRENEURSHIP (PROCESS)
=ENTERPRISE (OUTCOME)
is the dynamic process of creating incremental wealth and innovating things of value that have a bearing on the welfare of an entrepreneur as an individual and the growth of the economy as a whole.
Entrepreneurship
Importance of entrepreneurship in the Macro Perspective
- Generates Job Opportunities
- Enhances economic growth
- Improves the Community
- entrepreneurship is not only important for entrepreneurs and business itself but it also opens job opportunitied for other people.
Generates Job Opportunities
- when an entrepreneur establishes his business e produces goods and services.
- Enhances economic growth
- entrepreneurs are not just the big and rich ones. There are also many small and medium enterprises especially in the rural community
Improves the Community
Importance of entrepreneurship in the Micro Perspective
- Develops the character of the individual
- Improves the economic status of the individual
- Acquires a sense of fulfillment
- Enhances many skills of the individual