Development of Entrepreneurship, Slides of Business

Download Development of Entrepreneurship and more Slides Business in PDF only on Docsity! @ MA UC eae ENTREPRENEU Subject Teacher: Ms. Maria Richel M. Dalofin 7 me | | §|$ [| === peeracee: Development of Entrepreneurship — ae =] 17TH CENTURY Entrepreneurship has become associated with risk. The entrepreneur was someone who would enter into a formal agreement with the government to provide products or services. 18TH CENTURY The entrepreneur was distinguished from the capitalist who simply provides money for the creation of products to be sold. Jean Baptiste Say, a French economist described the entrepreneur as a person who plays a central coordinating role both in producing and selling goods. 19TH AND 20TH CENTURIES There was very little distinction between an entrepreneur and a manager. 1. CREATES EMPLOYMENT When entrepreneurs put their businesses, they employ people who posses who possess different competencies and personal values to help them operate the enterprise. 2. DEVELOPS NEW MARKETS Entrepreneurs are opportunity-seekers, creative, and resourceful. They seek for new buyers or customers of their product or services. 3. INTRODUCES INNOVATION Entrepreneurs innovate. It can be something ordinary or technological or breakthrough. This innovation is done for the product, service or technology. 6. IMPROVES THE QUALITY OF LIFE The new products and services developed by the entrepreneur contribute to the increase in the personal benefit and convenience of people in society. 7. SERVES AS ROLE MODELS Entrepreneurs are people to be emulated by younger generations in the community and society at large. 8. BRINGS SOCIAL BENEFITS TO THE PEOPLE Entrepreneurs pay taxes for every product or service sold in the market.