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    Entrepreneur and Entrepreneurship

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    rose jeannie
    1. There is no universally accepted definition of entrepreneurship because scholars' views are influenced by personal beliefs and economic situations. Theories and research contexts also impact definitions. 2. An entrepreneur is defined as someone who organizes, operates, and assumes the risk of business ventures. Entrepreneurship is managing a self-owned business providing valuable goods and services. 3. A small business adopts entrepreneurship principles and has less than 20 employees, while an ordinary small business is managed without applying entrepreneurial concepts.

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    Entrepreneur and Entrepreneurship

    Uploaded by

    rose jeannie
    3K views15 pages
    1. There is no universally accepted definition of entrepreneurship because scholars' views are influenced by personal beliefs and economic situations. Theories and research contexts also impact definitions. 2. An entrepreneur is defined as someone who organizes, operates, and assumes the risk of business ventures. Entrepreneurship is managing a self-owned business providing valuable goods and services. 3. A small business adopts entrepreneurship principles and has less than 20 employees, while an ordinary small business is managed without applying entrepreneurial concepts.

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    1. There is no universally accepted definition of entrepreneurship because scholars' views are influenced by personal beliefs and economic situations. Theories and research contexts also impact definitions. 2. An entrepreneur is defined as someone who organizes, operates, and assumes the risk of business ventures. Entrepreneurship is managing a self-owned business providing valuable goods and services. 3. A small business adopts entrepreneurship principles and has less than 20 employees, while an ordinary small business is managed without applying entrepreneurial concepts.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    3K views15 pages

    Entrepreneur and Entrepreneurship

    Uploaded by

    rose jeannie
    1. There is no universally accepted definition of entrepreneurship because scholars' views are influenced by personal beliefs and economic situations. Theories and research contexts also impact definitions. 2. An entrepreneur is defined as someone who organizes, operates, and assumes the risk of business ventures. Entrepreneurship is managing a self-owned business providing valuable goods and services. 3. A small business adopts entrepreneurship principles and has less than 20 employees, while an ordinary small business is managed without applying entrepreneurial concepts.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
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    The text discusses different views on what constitutes entrepreneurship and entrepreneur. It also defines terms like entrepreneur, entrepreneurship, small business and ordinary small business.

    An entrepreneur is defined as a person who organizes, operates, and assumes the risk of business ventures. Another definition is a person who strongly advocates and correctly practices the concepts and principles of entrepreneurship in operating and managing self-owned business ventures.

    The commitment of the entrepreneur to entrepreneurial concepts and principles.

    CHAPTER 1 UNDERSTANDING ENTREPRENEURSHIP

    *Reasons why there is no universally accepted


    definition of entrepreneurship:
    1. There are different views and theories …
    2. Scholars are influenced by their own personal
    beliefs.
    3. The entrepreneurial models are
    predominantly influenced by the prevailing
    economic situations during specific periods in
    history.
    4. The frameworks and methodologies of
    researches are highly dependent on the
    theories and the contexts of the research
    endeavors.

    ENTREPRENEUR – The term originates


    form the French word entreprendre
    which means “to undertake.”
    -defined by American Heritage Desk
    dictionary as a person who organizes,
    operates, and assumes the risk of
    business ventures.
    -defined as a person who strongly
    advocates and correctly practices the
    concepts and principles of
    entrepreneurship in operating and
    managing the self-owned business
    ventures (which is also called
    enterprise).
    ENTREPRENEURSHIP – defined as the
    art of observing correct practices in
    managing and operating a self-
    owned wealth-creating business
    enterprise by providing goods and
    services that are valuable to the
    customers.
    SMALL BUSINESS AND
    ORDINARY SMALL BUSINESS
    SMALL BUSINESS – refers to a business or
    enterprise that correctly adopts and
    practices the principles of
    entrepreneurship. It is owned by one
    person with a limited workforce of not
    more than 20 persons.
    -Also includes the small and
    medium enterprises (SMEs) that
    have been strongly promoted by
    both government and non-
    government (NGOs) in their desire
    to improve the lives of the Filipino
    people through entrepreneurship.
    ORDINARY SMALL BUSINESS –
    pertains to a business enterprise
    managed and operated by an
    owner who is not an advocate of
    and do not practice the concepts
    and principles of entrepreneurship.
    TRUE or FALSE. Answer TRUE if the statement
    is correct. Otherwise answer FALSE and
    state your reasons briefly.
    _______ 1. An entrepreneur perceives
    entrepreneurship as the mere opening and
    managing of a small business.
    _______2. Knowing all the entrepreneurial
    concepts will assure a person of becoming
    a successful entrepreneur.
    _______3. Having a degree in
    entrepreneurship will assure a person that
    his/her business endeavour will succeed.
    _______4. Since there is now a degree
    program in higher education leading
    toward entrepreneurship, the academe
    has already adopted a universal definition
    of the term entrepreneurship.
    _______5. Entrepreneurship originates
    from the Greek work entreprendre
    which means to undertake a business.
    _______6. An entrepreneur can be a
    juridical person or those entities that
    have been created by the operation of
    law.
    _______7. The distinguishing mark that
    differentiates an entrepreneur from an
    owner of an ordinary small business is
    the commitment of the entrepreneur to
    entrepreneurial concepts and
    principles.
    _______8. In layman’s term an
    entrepreneur is a person who opens
    his/her own business, assumes
    responsibility over the operation and
    management, and assumes the risk of
    the business.
    _______9. Most owners of ordinary small
    businesses open their businesses
    because of the profitability aspect of
    the operations.
    _______10. All businesspeople are
    entrepreneurs.

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