What is Entrepreneurship?

Who is the person that has ability and desire to establish, administer and succeed in a startup venture along with risk entitled to it, to make profits?

Who is the contributor of entreprenurship that said having profits from bearing uncertainty risk?

According to this contributor of entrepreneurship a behavior initiative taking, the organizing and recognizing of social economic mechanism to turn resources and situations to practical account, and the acceptance of risk failure is part of the business.

Who is the contributor said Decisions and judgements about the coordination of scarce resources?

According to this contributor Uncertainty bearing... coordination of productive resources... introduction of innovations and provision of capital

Who is the contributor  said Behavior rather than personality trait?

He Contribute Carrying out of new combinations of firm organization, new products, new services, new sources of raw material, new method of production, new markets, new forms of organization

He contribute dynamic process of vision, change, and creation that requires an application of energy and passion toward the creation and implementation of new ideas creative solutions

He contribute process of creating something new with value by devoting the necessary time and effort assuming the accompanying financial, psychic , and social risk and uncertainties, and receiving the resulting rewards of monetary satisfaction

He pursuit of opportunity without regard to the resources currently controlled , but constrained by the founders previous choices and industry related experiences

He contribute pursuit of opportunity without regard to resources currently controlled

He contribute purposeful activity to initiate and develop a profit- oriented business

He contribute taking moderate risk in business industry

According to this contributor Creation of new Organizations make the business grow

Which of the following is the element of enrepreneurship?

This emerging country is home to budding entrepreneurs who manufacture different products that range from toys, gadgets, electronics and car.

This country is literally small that controls a significant portion of the economy in Asia.

This country incubators provide space, facilities, hands on management assistance, and access to technologies and financing  to clients, helping them to survive and grow during the start up period.

This country is known on their handicraft product in business industry

In this period an enrepreneur has become associated with risk

In this period an enrepreneur used to describe both an actor and a person who was in charge of and managed large production projects

In this period an enrepreneur was distinguished from the capitalist who simply provides money for the creation of products to be sold.

In this period creativity and innovation have made many of these entrepreneurs able to exploit high growth potentials

In this period was very little distinction between an entrepreneur and a manager

Entrepreneurship has existed in the Philippines since the interaction of the early Filipinos with foreign traders, especially the neighboring countries like Malaysia, Indonesia and China.

Entrepreneurial Activity responds to policies that ensure the protection of new ideas, facilitates access to capital and talent, and allows management of risk

Small and medium enterprise are not example of business

The evolution of the field of entrepreneurship has been formulated by scholars based on theories that are rooted in economics, psychology, sociology, anthropology and management.

Entrepreneurship has an enormous impact on the economy and in the society

When entrepreneurs put up their business they employ people who possess different competencies and personal values to help them operate the enterprise

Entrepreneurs are opportunity- seekers, creative and resourceful

Due to innovation, other businesses fold while others will open flourish

Entrepreneurship improves the quality of life

Entrepreneurship brings social benefit to the people

The classic contributors considered are Cantillon, Say, Marshall, Schumpeter, Knight, and Kirzner

The modern contributors  considered are Drucker, Hisrich, Timons and Shane

ENTREPRENEUR DIMENSION

Highly Educated

ENTREPRENEUR DIMENSION

Dominated by males when it comes to gender

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Older is accepted when it comes to age

ENTREPRENEUR DIMENSION

Perspective of self confidence " I can do it"

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Leadership style Empowering

ENTREPRENEUR DIMENSION

Drive orientation to make a difference

ENTREPRENEUR DIMENSION

Use of work structure is more flexible to better balance their work and family lives

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Principle of governance compliance and centralized

ENTREPRENEUR DIMENSION

The goal economic and financial gains

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Innovation orientation Values innovation for new venture creation and discovery

ENTREPRENEUR DIMENSION

Knowledge of business knows the trade at large

ENTREPRENEUR DIMENSION

Previous Experience more business or employment of experience

ENTREPRENEUR DIMENSION

Innovation orientation automation for efficiency