Ge11 Reviewer

STEPHEN S.
BASTATAS
GE11 ENTREPRENEURIAL MIND REVIEWER
COVERAGE MODULE 3
of warriors to maintain safety way of
History of Opportunity. As living. People exploit this opportunity
discussed in the previous section, the as Kings award warriors who bring
term entrepreneurship was invented victory with land and slaves.
last 17th century. However, many
archaeological evidence can prove The Craftsman’s Age: As war
that business activity exists since the become a common event in society,
prehistoric times and it experiences some people (peasants who are too
continuous evolution. As this happens, smart but not aggressive to become
opportunity tend to evolve also warriors) realized that Kings and
depending on the changes occurred warriors will not plunder or kill them.
on human activity and behavior. Thus, Thus, these people exploit this
it can be implied that in terms of opportunity by offering their ability to
evolution entrepreneurship and create decorative crafts and make
opportunity have positive correlation. things beautiful and attractive.
History of Opportunity Source: Explorers’ Age: As cities continuously

Founders and Founders As shown in grows, resources become scarce, and
the figure above, opportunity exists people tend to seek new land for them
since prehistoric times. People (the to plant crops and other resources for
term entrepreneur is not yet coined) their survival. This scenario prompted
created value by exploiting every them to construct ships for exploring
opportunity created by numerous unknown lands. When they return,
changes occurred which was they bring valuable raw materials such
influenced by sumptuous factors. Also, as silks and spices which brings
human survival played a crucial role in wealth and money.
the evolution of opportunity and the
creation of value from it since it Merchants’ Age: As faraway lands
prompts them to believe that are discovered, people did not mind
entrepreneurial activity enables them the risk of travelling and brings back
to increase the chance of surviving the valuable spices and other materials
world that is full of uncertainties and such as porcelain, gold and salt.
risks.
Mechanization Age: As craftsmen
The Hunter’s Age: During this period, continue to seek new knowledge in
the ability of people to create value perfecting their skills, they created
depends on the nature’s ability to machinery. With machines, people
provide food and other natural tend to mass produce things and
resources. Also, during this time, materials thus creating value faster
people realized that it is easier to take than ever before. Thus, owning a
other peoples’ crops and other machine became the next important
essential resources for survival. With thing.
that, war becomes popular and wealth
bags a bad reputation. Industrialization Age: As machines
become increasingly sophisticated,
The Warrior Age: Given the fact that brought by electricity, production reach
stealing other peoples’ resources is fastest rate
common during this time, people seek
for refuge and created a stable form of Oil Age: Since mass production
society and maintain a steady supply becomes visible, cheap things such as
STEPHEN S. BASTATAS
GE11 ENTREPRENEURIAL MIND REVIEWER
COVERAGE MODULE 3
cars supplied new opportunity for successful startup provides prestige an
people to exploit and create value from honor to them hence, encouraging
it. The demand for oil becomes them to do so. Today, start-up is the
increase at unprecedented rate and most common way of creating value
people realized that by drilling oil you and making money
can be the new big guy of society
(Getty and Rockefeller Family).
Corporate Age: During this time,

people realized that they can serve
multiple target market by building
corporation that is capable to establish
production and distribution office from
different regions. Consumers become
more exposed to new and
sophisticated products.
Financial Age: As corporation aspire

for growth and expansion,
capitalization is of another issue.
Financial institutions such as banks
provides the much-needed capital for
such activity. Also, corporations with
less business activity and with
declining financial performance is
another opportunity for financial
institutions to purchase, restructure
and revive its operations.
Information Age: As corporations

grow and employ increased people,
information becomes vital and
significant. Holding essential
information such as customer
information is another way of winning
the game and competition. This
scenario leads to the development of
technology that can manage massive
data and information.
Start-up Age: As some people

realized that employment is not the
key for their success, they tend to
realize that entrepreneurship is a key
to fulfill their dreams. People decided
to scan environment for any possible
opportunities and created value and
made money from it and technology
contributes in lowering the cost of
starting a business. Becoming a

Ge11 Reviewer

Uploaded by

Copyright:

Available Formats

Ge11 Reviewer

Uploaded by

Document Information

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Ge11 Reviewer

Uploaded by

Copyright:

Available Formats

STEPHEN S.

History of Opportunity Source: Explorers’ Age: As cities continuously

Corporate Age: During this time,

Financial Age: As corporation aspire

Information Age: As corporations

Start-up Age: As some people

You might also like

Pfad - The Proxy pFad of © 2024 Garber Painting. All rights reserved.