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ENTREP (the entrepreneurial mindset)
  • Samantha Danielle Sibayan

  • 問題数 21 • 2/23/2025

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  • 1

    Entrepreneur comes from the french word

    entreprende - undertake

  • 2

    comes from the French word entreprende which means to undertake.

    entrepreneur

  • 3

    as one who organizes, manages, and assume the risks of a business. - Merriam Webster Dictionary

    entrepreneur

  • 4

    placed an emphasis on innovation, and the creation of new products, new production methods, new markets, and new forms of organization. - James Schumpeter

    entrepreneurship

  • 5

    is a person who shifts economic resources out of an area of lower productivity into an area of higher productivity and greater yield. - J.B Says

    entrepreneur

  • 6

    2 types of entrepreneur

    micro entrepreneur macro entrepreneur

  • 7

    Profits they make are limited. Their contributions are minimal and attract few competitors and imitators. They are short in funds and inadequate in skills. They cannot undertake projects that involve huge capital, sophisticated technology and extensive risks.

    micro entrepreneur

  • 8

    Willing to absorb huge risks of using enormous amounts of capital in their business ventures. They contributed much to the economic progress of the developed countries.

    mega entrepreneur

  • 9

    5 Entrepreneurial process

    discovery development of concept organizing resources implementation reaping the returns

  • 10

    The recognition of a business idea or the detection of opportunities that could make money for the entrepreneur.

    discovery

  • 11

    gives more details on how the general business idea can be realized. It suggests the preparation of a business plan.

    development of concept

  • 12

    describes the process of identifying, sourcing, and financing human, nonhuman, and other resources needed for the conduct of business.

    organizing resources

  • 13

    the process of carrying out the business plan. It covers a number of activities, including the management of human, physical, technological, and financial resources of the business.

    implementation

  • 14

    pertains to strategies related to the expansion of the business firm.

    reaping the returns

  • 15

    9 characteristics of entrepreneurs

    innovative and trendsetters problem solvers enthusiastic opportunity seeker goal setters risk takers excellent planners service oriented decision makers

  • 16

    are planned actions formulated in the mind of individuals which area geared toward the objective of establishing a business venture from potential business opportunities.

    entrepreneurial intentions

  • 17

    5 internal factors

    demographics personal traits psychological traits knowledge and skills social ties

  • 18

    2 external factors

    environmental support environmental influence

  • 19

    (government, financial institutions, and training institutions.

    environmental support

  • 20

    (regulatory structure, protection of property rights, and competitive environment)

    environmental influence

  • 21

    Filipino entrepreneurs are _

    fearful of business failure