INTRODUCTION TO ENTREPRENEURSHIP
He/She is someone who starts and runs a business or startup, using their own ideas, time, and resources, taking on financial risk to bring products or services to market and earn a profit.
ENTREPRENEUR
An entrepreneur starts a business based on personal skills and interests.
From the Person
This is a group or individual activity where people generate as many ideas as possible without judging them.
Brainstorming
An entrepreneur notices a growing problem but has not yet formed a business idea.
Precondition
An entrepreneur relies mainly on gut feel and personal judgment when deciding to start a business.
Intuitive Approach
This is someone who operates a large-scale business.
Mega Entrepreneur
A student entrepreneur notices classmates struggling with budgeting and designs an app based on this observation. What source of idea is this?
From the Relationship
This is a creative thinking tool that helps entrepreneurs improve or invent new products by asking structured questions.
SCAMPER
Having prior business experience that helps in starting a venture reflects which factor?
Entrepreneurial Readiness
A business grows rapidly after gaining customer acceptance and wider distribution.
Growth
This trait is when an entrepreneur can bounce back from failure or setbacks. Uses challenges as motivation instead of giving up.
Resilient
Evaluating feasibility through testing.
Development of a Concept
This source of business trend is what people complain about, prefer, or enjoy
Communities and Daily Life
Forming several possible business ideas from one observed problem belongs to which stage?
Conception
The company evaluates whether to reposition or discontinue a product due to falling sales.
Decline
The French word from which ENTREPRENEURSHIP is derived means to take in between, or to undertake.
Entreprendre
An entrepreneur redesigns a service after identifying delays and inefficiencies in operations. What is the primary source of the idea?
From the Process
In SCAMPER, this is repositioning a product, service, or resource for a different purpose or target market through creative application.
P - Put to Another Use
Monitoring lifestyle trends to predict future business opportunities reflects which factor?
Market Awareness
Maintaining market share through promotions and efficiency improvements happens in which stage?
Maturity
A Filipino entrepreneur trait where he/she asks questions, explores trends, and seeks improvements.
Pagkamausisa (Curious)
Balancing limited capital, manpower, and materials to maximize efficiency belongs to which stage?
Organizing Resources
This is a systematic forecasting and decision-making method used by entrepreneurs to generate, refine, and evaluate business ideas through multiple rounds of expert judgment.
Delphi Analysis
An entrepreneur identifies a social problem, develops an idea, assesses its feasibility, and launches the business. Which stage is this process?
Realization
A company uses market research, forecasting, and financial projections to extend product life.
Traditional Approach