Chapter 1
Chapter 1
ENTREPRENEUR
IAL MIND
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CHAPTER I
ORIGIN AND
NATURE OF
ENTREPRENEURS
HIP
Contemporary views on
Entrepreneurship
Lloyd Shefsky
entre means enter
pre means before
neur means nerve center
Contemporary views on
Entrepreneurship
Karl Vesper
economist: one who brings
resources, labor, materials and
others assets; one who introduce
changes, innovation and a new
order.
Contemporary views on
Entrepreneurship
Joseph Schumpeter
Entrepreneurship as doing things
that are not generally done in the
ordinary course business routine.
Contemporary views on
Entrepreneurship
Albert Shapero
initiative taking, the organizing and
recognizing of social/ economic
mechanisms to turn resources and
situations to practical account, the
acceptance of risks and failure
Contemporary views on
Entrepreneurship
Dr. N. A Orcullo, Jr.
an entrepreneur is someone who perceives
an opportunity and creates an organization
to pursue it
entrepreneurial process involves all the
functions, activities, and actions associated
with perceiving opportunities and creating
organizations to pursue them.
Entrepreneurship is a process and
approach
as an approach: entrepreneur
considers the business opportunity as a
chance to solve the problem rather
than solving the problem itself.
as a process:
a). Initiative
b). organization
Socio- economic benefits from
entrepreneurship
Promotes self-help and unemployment
Through entrepreneurship, the spirit and culture of
self- help, self- reliance and self- sufficiency among
citizens of nations is addressed.
Every entrepreneur helps or assists the government
not only by providing employment for himself but
also for providing employment to those employed by
the firm.
Socio- economic benefits from entrepreneurship
Mobilizes capital.
Putting up his own business means realising or
mobilizing capital that should fire up the
economy
Idle capital kept in the vaults of households will
now be mobilized and pumped into the financial
system and the economy which means more
business options for others and more income or
returns for the capital owners themselves.
Socio- economic benefits from
entrepreneurship
Empower individuals.
Real indicator of economic well- being among citizens
and the masses are in some ways gaged by the amount of
financial resources that every citizen accumulate
The high income- earning potentials of entrepreneurs the
possibility of wealth accumulation is enhanced an is his
economic standing in society, and so the powers that go
with money and other financial resources that goes with
entrepreneurial endeavours
Socio- economic benefits from
entrepreneurship