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• entrepreneur or entrepreneurship originated in and actions associated with perceiving opportunities and
Europe sometime in the Middle Ages creating organizations to pursue them.
• entreprende - “to undertake.”
The Challenge to Entrepreneurs
Contemporary Views on Entrepreneurship
The third millennium is mainly characterized by
Entre – enter Pre – before Neur - nerve center
globalized trading system and the predominance of the
revolutionary information technologies. Filipino entrepreneur
Entrepreneur- means “between-taker”/ “go-between”.
used to develop and market his products locally, he is now faced
- -a person who is able to look at the environment,
with local competition not anymore with Filipino entrepreneurs
identify opportunities to improve the environment, marshal
themselves, but also with imported products and services now
resources, and implement action to maximize those
available in the local market.
opportunities
A. Economist- one who brings resources, labor, materials Entrepreneurship and innovation are important tools
and other assets into combinations that make their value for productivity and competitiveness vis-à-vis the large business
greater than before, and also one who introduces changes, organizations and the foreign competitors in general. By
innovation, and a new order. exploiting the benefits of the so-called cyber space or
B. Psychologist- a person typically driven by certain forces: information highway and the various softwares available in the
need to obtain or attain something, to experiment, to market, one can easily network with the foreign markets.
accomplish, or perhaps to escape from authority of others.
C. Businessman- an aggressive competitor, whereas to HOW DOES AN ECONOMY GROW: The Philippine Economy
another businessman, the entrepreneur may be an ally. 1. The national economy composition:
D. Capitalist Philosopher- creates wealth for others as well, a. business enterprises
who finds better ways to utilize resources, and reduce waste, b. household
and who produces jobs others are glad to get. c. government
Contributions of entrepreneurship:
• development of new markets,
• discovery of new sources of materials,
• mobilization of capital resources,
• introduction of new technologies,
• creation of employment