Scribd Logo
Upload

Welcome to Scribd!

  • 210 views

    Importance of Entrepreneur Ship

    Uploaded by

    Xiet Jimenez
    The document discusses the importance of entrepreneurship and its benefits at different levels. Entrepreneurship provides benefits to individuals, local communities, and the overall Philippine economy. It provides employment, taxes, business opportunities, and economic growth. The document also outlines sources of entrepreneurial ideas such as changes in the environment, technological discoveries, government programs, peoples' interests, and past experiences. Entrepreneurial ideas come from identifying opportunities in these external factors.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd

    Importance of Entrepreneur Ship

    Uploaded by

    Xiet Jimenez
    210 views23 pages
    The document discusses the importance of entrepreneurship and its benefits at different levels. Entrepreneurship provides benefits to individuals, local communities, and the overall Philippine economy. It provides employment, taxes, business opportunities, and economic growth. The document also outlines sources of entrepreneurial ideas such as changes in the environment, technological discoveries, government programs, peoples' interests, and past experiences. Entrepreneurial ideas come from identifying opportunities in these external factors.

    Original Description:

    Original Title

    Importance-of-entrepreneurship

    Copyright

    © © All Rights Reserved

    Available Formats

    PPTX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    The document discusses the importance of entrepreneurship and its benefits at different levels. Entrepreneurship provides benefits to individuals, local communities, and the overall Philippine economy. It provides employment, taxes, business opportunities, and economic growth. The document also outlines sources of entrepreneurial ideas such as changes in the environment, technological discoveries, government programs, peoples' interests, and past experiences. Entrepreneurial ideas come from identifying opportunities in these external factors.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    210 views23 pages

    Importance of Entrepreneur Ship

    Uploaded by

    Xiet Jimenez
    The document discusses the importance of entrepreneurship and its benefits at different levels. Entrepreneurship provides benefits to individuals, local communities, and the overall Philippine economy. It provides employment, taxes, business opportunities, and economic growth. The document also outlines sources of entrepreneurial ideas such as changes in the environment, technological discoveries, government programs, peoples' interests, and past experiences. Entrepreneurial ideas come from identifying opportunities in these external factors.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 23

    IMPORTANCE OF

    ENTREPRENEUR
    SHIP
    COMPOUNDED
    BENEFITS ON
    ENTREPRENEURSHI
    P
     Produce a chain of
    progressive result
    from the individual
    entrepreneur in the
    community and
    finally to the whole
    Philippines
    economy.
    THE FLOW OF
    ENTREPRENEURIAL BENEFITS
    Contributions of
    Filipino people
    entrepreneurship

    Philippine economy Local community


    FILIPINO PEOPLE
    It may include the
    entrepreneur
    himself/herself and
    other people who
    have direct
    dealings with the
    entrepreneur in the
    community.
    Entrepreneurship makes the
    following contributions to
    IMPORTA the lives of the Filipinos:
    1. It provides guidelines in their
    NCE TO wealth-creating ventures.
    THE 2. Helps improve their financial
    FILIPINO and social life.
    PEOPLE 3. It helps broaden their
    creativity.
    4. It helps make their lives
    happy, fruitful, and successful.
    IMPORTANCE TO THE
    LOCAL COMMUNITY
     Contributions to the local community:
    1. It provides employment in the community.
    2. It creates new demand in the market.
    3. It makes substantial contribution to the
    raising and collection of taxes.
    4. It facilitates the movement of the factors
    of production.
    5. It creates new business opportunities.
    6. It promotes a peaceful and loving
    community.
    7. It increases constructive competition.
    IMPORTANCE TO THE
    PHILIPPINE ECONOMY
    Contributions to the Philippine Economy:
    1. It encourages competitiveness and thereby challenges entrepreneurs
    to keep improving their products and services.
    2. It helps find an entrepreneurial niche in the world market.
    3. It helps hasten the economic recovery process of the Philippines
    during financial turmoil or crackdown.
    4. It facilitates the smooth flow of money in the local market.
    5. It assists the national government in its desire to have favorable
    economic ratings in the world market.
    SOURCES OF
    ENTREPRENEURI
    AL IDEAS
    Creation of The
    entrepreneurial Entrepreneurial
    ideas. Process of
    Creating a New
    Identification of Venture
    Entrepreneurial
    Opportunities.
    Opening of
    entrepreneurial
    venture.
    AS A FUTURE ENTREPRENEUR, ALWAYS REMEMBER
    THAT A BUSINESS MUST BE FIRMLY ESTABLISHED ON
    EXISTING BUSINESS OPPORTUNITIES, AND THAT
    THERE CAN BE NO BUSINESS OPPORTUNITIES IN THE
    ABSENCE OF ENTREPRENEURIAL IDEA.
    BASIC NEEDS
    TO IDENTIFY
    THE
    SOURCES OF
    ENTREPRENEU
    RIAL IDEAS
    Changes in the Environment
    EXTERNAL
    ENVIRONMENT
    a. Climate b. Natural resources c. wildlife

    THE PHYSICAL
    ENVIRONMENT
    Industry Environment
    Government Competitors Supplier
    Customers Creditors Employees
    TECHNOLOGIC
    AL DISCOVERY
    AND
    ADVANCEMENT
    DISCOVERY AND
    ADVANCEMENT
    IN THE USE OF
    TECHNOLOGY
    ARE ANOTHER
    GOOD SOURCE
    OF
    ENTREPRENEURI
    AL IDEAS AND
    OPPORTUNITIES.
    GOVERNMENT’S THRUST,
    PROGRAMS, AND POLICIES
    The priorities, projects, programs The programs and agenda of the
    and policies of the government are Philippine government intuitively
    also good sources of address the needs of Filipino
    entrepreneurial ideas. people. There are also instances
    The term Government refers to when the national government
    the local government (municipal, responds to the call of
    city, or provincial) or the national international agencies or the world
    government and its branches. market.
    • Changes of policies and programs =
    new entrepreneurial ideas
    PEOPLE’S INTERESTS
    The interest, hobbies, and preferences
    of people are a rich source of
    entrepreneurial ideas.

    However, an entrepreneur must be


    keen in identifying the cycle of interest
    and trends of his/her target market sine
    these tend to continuously change. He/
    She must be ready to address the
    change properly and immediately to
    avoid possible negative effects on the
    operations of the business venture.
    PAST EXPERIENCES
    Past experiences and exposure are
    also a good source of
    entrepreneurial ideas.
    The expertise and skills developed
    by a person who has worked in a
    particular field may lead to the
    opening of a related business
    enterprise.

    You might also like