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28 Cards in this Set
- Front
- Back
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The term “ entrepreneur” originates from the French word |
entreprendre |
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entreprendre means? |
to undertake |
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A person who organizes, operates, and assume the risk of business venture. |
Entrepreneur |
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A person who strongly advocates and correctly practices the concepts and principles of entrepreneurship in operating and managing the self owned business venture. |
Entrepreneur |
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venture is also called |
enterprise |
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The term “entrepreneurship” comes from the word |
entrepreneur |
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It refers to a particular field of practice or process, as compared to an entrepreneur which is a person practicing entrepreneurship. |
Entrepreneurship |
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is 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. |
Entrepreneurship |
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refers to a business or enterprise that correctly adopts and practices the principles of entrepreneurship. It is own by one person with a limited workforce of not more that 20 persons. |
Small business |
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pertains to a business enterprise managed and operated by an owner who is not an advocate of and does not practice the concepts and principles of entrepreneurship. |
Ordinary small business |
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5 SALIENT FEATURES OF ENTREPRENEURSHIP |
1. It is an art of correct practices2. It is a wealth-creating venture3. It provides valuable goods and services4. It entails opening and managing the self-owned enterprise5. It is a risk-taking venture. |
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IS AN ART OF CORRECT PRACTICES |
Entrepreneurship |
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IS AN ART OF CORRECT PRACTICES |
Entrepreneurship |
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It is not governed by fixed and absolute rules, whereas science is. Thus, there is constant change which denotes movement and innovation. |
Entrepreneurship |
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THE ART OF ENTREPRENEURSHIP: |
1. Entrepreneurship is not static/stagnant 2. Entrepreneurship is dynamic 3. Entrepreneurship is closely related to creativity 4. Entrepreneurship is also related to the correct practices |
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It continuously grows, develops, improves and expands; the change does not stop. The development of entrepreneurship through the years is a proof that it is an art that continuously evolves and responds to the changing needs of the people. |
Entrepreneurship is not static/stagnant |
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the moment the economic activity changes, the political, social, and entrepreneurial activities will eventually changes. |
Entrepreneurship is dynamic |
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there is a constant change or evolution that contributes towards the enhancement of the enterprise. Creativity results in new ideas which are the backbone of entrepreneurship. |
Entrepreneurship is closely related to creativity |
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results in new ideas which are the backbone of entrepreneurship. |
Creativity |
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Ways of carrying out entrepreneurial activities. |
Entrepreneurship is also related to the correct practices |
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Is a wealth creating venture |
Entrepreneurship |
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wealth is defined as the abundance of money, property, or possession according to |
Random House Webster's Dictionary |
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2 important elements: in opening ang managing self-owned enterprise |
1. The concept of opening a self-owned enterprise.2. The concept of managing it. |
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Businesses that are being managed by others for the benefit of the owners do not fall within the sphere of entrepreneurship. Such businesses are operating under the concept of |
Intrapreneurship |
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The significant contributors of the promotion of entrepreneurial activities in the Philippines as spearheaded by: |
*Entrepreneurship Development for College Education Level*Small Enterprise Research and Development Foundation*University of the Philippines Institute for Small-Scale Industries |
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is an important principle in management. It refers to the process of setting the goals of the business. |
Planning |
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is inherent in an entrepreneurial venture |
Risk |
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risk in entrepreneurship. |
Business risk |
