KALINGA COLLEGES OF SCIENCE AND TECHNOLOGY INC

Provincial Rd, P5 Bulanao, Tabuk City

Kalinga 3800

PRELIM
(Week 1,2,3 & 4)
Criminology III

LEARNING MODULE IN THE ENTREPRENEURIAL MIND

NAME: Dawaton, Jayson B.

ADDRESS: Purok 2, Bulanao, Tabuk City

PREPARED BY
MARLON A. ADDAGAN
INSTRUCTOR

1. Give at least three (3) definition of entrepreneur

1. An entrepreneur is an individual who creates a new business,
bearing most of the risks and enjoying most of the rewards.

2. Someone who exercises initiative by organizing a venture to take

benefit of an opportunity and, as the decision maker, decides what,
how, and how much of a good or service will be produced.

3. “Someone who envisions, creates, and evangelizes an idea that they

are absolutely crazy about. That idea (it could be a product, book,
consultancy) makes it easier for them to get up in the morning, work
ridiculous hours, and keep their brain buzzing. 

2. Identify and define the functions of entrepreneur

1. Taking Initiative

 Entrepreneurship is a pro-active activity that takes such

actions, which others can’t even perceive.
 This unique function of entrepreneurship provides our
civilization with a wide variety of products, ways of actions,
production techniques, etc.
 Therefore, taking initiative with such end and qualification is
the prime function of entrepreneurship in every economy.
2. Organizing Resources

 Organizing entails identifying those resources that are required

to transform a particular idea into reality. The resources
include human and nonhuman resources.
 Ad by Valueimpression
 Organizing in entrepreneurship will increase productivity,
promote new ventures, distribute and supervise work and
responsibility, and will remove barriers to work.
 Entrepreneurship, thus, is the taping tool fur assuming
indigenous skills and resources for the productive purpose.
3. Identifying Opportunities and Prospects

 Entrepreneurship searches those activities of value that have an

economic and social contribution.
 It identifies new opportunities in the socio-economic arena which
have got profitable prospects therefore, entrepreneurs are called
searchers of hopes into blind spots and this function enormously
indebted our society to entrepreneurship.

4. Risk-Taking
  Entrepreneurship takes the risk for the new venture.
 For innovative actions in the field of production technology for
new products in a volatile market and new raw materials used in
production.
 Moreover, it also takes the risk for theft, robbery, snatching
market fall and hooliganism that may be involved with new
entrepreneurship This is a major function of entrepreneurship in
developing countries.
5. Decision Making

 Entrepreneurship is a new initiative therefore, it has to decide

multivariate issues that affect new ventures.
 Entrepreneurship has to decide upon equipment to be used quality,
price and its variation, deficiency, capital structure, the
feasibility of the project, organizational structure, philosophy
of management, etc. that will guide, run and prosper the new
venture or distinct attempt for entrepreneurship.
 We know that decision-making is a process and entrepreneurship to
make n a success, goes through this process.
6. Technology Transfer and Adaptation

 Entrepreneurship throughout the world brings invented technology

from different comers of the world and makes it appropriate by
making required adjustments for local conditions.
 This function of entrepreneurship involves identifying
appropriate technology with market potentials and adapts it into
the local environment.
 Sometimes, the technology uses indigenous materials that reduce
cost and wastage of resources. This entrepreneurial function
virtually makes the world united in terms of homogeneous
technology.
7. Innovation

 Entrepreneurship innovates a new production process or

technology, market, sources of new materials, management,
strategy or technique, investment opportunity, etc. that
Schumpeter (1934) calls as the fundamental characteristics of
entrepreneurship.
 Under the context of the changing environment, the entrepreneur
locates the most feasible opportunity for the venture as well as
improved or distinct technology that gives competitive advantages
or a new opportunity to prosperity.
 Innovation is a creative means to add new utilities to existing
situations or products. Entrepreneurship through innovation
creates innovative products or operations for human society.
8. Fostering Autonomy

 Entrepreneurship is an exposure of creative faculty that provides

personal satisfaction and independence. The unique freedom to
think differently is the impetus for entrepreneurship.
 Thus, entrepreneurship Fosters autonomy to advent something new
of value by the application of devoted efforts and time.
9. Social Responsibility

 Entrepreneurship with its innovative technology somehow promotes

human efforts. It restarts closed industries with innovative
managerial strategies and techniques
 It also motivates new entrepreneurs and attracts them to engage
into an entrepreneurial venture.
 Entrepreneurship provides new products or ideas that give
momentum and diversity into society.
 Therefore, entrepreneurship performs social responsibility that
protects the welfare, benefit and economic gain of the society.
It also promotes the community standard by providing jobs and
amenities.
10. Public Relations

 Entrepreneurship is a new venture that requires social acceptance

by the regulatory bodies and the public at large.
 The government, as well as the persons’ who will be subject to
entrepreneurship, would be convinced through public relations to
accept and to allow the entrepreneur to execute an
entrepreneurial venture.
 History tells that many entrepreneurs were disregarded, coerced
and even eliminated for their entrepreneurial activities. Failure
is costly and therefore, public relation is a significant
function of entrepreneurship.
11. Experience Sharing

 Entrepreneurship may spread in society through publishing and

sharing its success stories.
 Thus, entrepreneurship holds workshops, industrial visits through
which the entrepreneurial experience in different counties may be
shared with a widespread adaptation of success.
 This function will benefit the economies of the countries as well
as the world bodies,

12. Managerial Roles

  Entrepreneurs perform several managerial roles to keep their
venture functioning with success.

 The roles are interpersonal roles that consist of a figurehead

role, leadership role, and liaison role; informational roles that
include recipient role, disseminator role, and the spokesperson
role; decisional roles that consist of an entrepreneurial role,
disturbance-handler role, resource allocator role, and the
negotiator role.
 The entrepreneur also does the associated managerial functions
such as planning, organizing, leading and controlling.
13. Balanced Economic Development

 Sustainable economic development requires a balanced development

among various regions and sectors of a country. Every country
tries to ensure such a situation that makes industrialization
throughout the country “possible.
 Entrepreneurs make it possible by establishing business ventures
in various parts of the country in various sectors of the
industry.

3. Enumerate and define the types of entrepreneur

1. The skeptical entrepreneur

 This entrepreneur sees the success of others and immediately

starts to question it. They examine that person's business and
looks for the “lucky” breaks, or inheritance they think that
successful entrepreneur received.
 Maybe it’s the news, or previous life experiences, but they are
skeptical of success and don’t believe it’s possible without all
the stars falling into place.
 When you can’t see or believe success is possible, you’ll never
get to a place in your mind that allows you to take action. You
will stay stuck; you’ll make every excuse and believe it because
of your skeptical mindset. This is the scariest type of
entrepreneur.

2. The copycat entrepreneur

 This entrepreneur sees the success of others and tries to copy

them exactly. Their website is the same, their business cards are
the same, and the way they present themself is the carbon copy of
a leader in their industry. Take Pat Flynn of the popular
blog Smart Passive Income. Since Pat became popular, there has
been a whole wave of people that copy him line-for-line.
 There is nothing wrong with modeling success—it’s actually very
smart. There is a fine line, however, between modeling and
 copying. Modeling success means you see what works and figure out
how to make it relevant to your business, and who you are as a
person. If you have been copying, get honest and switch from
copying to modeling.
3. The research entrepreneur

 This entrepreneur loves to learn. They research every possible

scenario and outcome for strategies to start or grow a business.
There is nothing wrong with learning, but when that’s all you do,
it becomes a problem. The research ends up becoming an excuse for
not taking action.
 While you should always strive to learn what works, and what
could help your business, you have to implement. Most
entrepreneurs know more than they think; too many entrepreneurs
fall victim to information overload. The key to success is
learning and then implementing. The implementing has to happen.

4. The determined entrepreneur

 This entrepreneur hasn’t “made it” but they will, no matter what.
They see the value in entrepreneurship, they see that success is
possible without copying, and they do everything they can to
start or grow their business.
 Starting and growing a business is hard, and it takes time, but
there is proof that it’s possible to thrive. To get there, you
need change your mindset from focusing on what too many people
consider “reality” to what you know your reality can be.
Successful entrepreneurs have determination as their backstory.
5. The accomplished entrepreneur

 This entrepreneur has gone through all the stages of

entrepreneurship and building a business and has reached success.
They are now focused on scaling their business and leaving a
legacy that extends beyond their lifetime.
 The accomplished entrepreneur has figured out the things
that will help you reach success. They have figured out how to
connect with their customer and how to solve their biggest
struggles. They will never “make it” but they are experiencing
true freedom. They understand their time is their most valuable
resource so they use it wisely.

4. What is the importance of creativity and innovation in an

entrepreneurial career?
  By being innovative, your business is more likely to offer
something new, making you a step ahead of others in the industry.
Encouraging business creativity pays internal dividends as well.
Your company gets a variety of ideas for problem solving and
staff becomes more engaged.

5. Do you think entrepreneurs are popular people? Why?

 Yes, they are popular people because of their contributions on

the economic growth. They look for opportunities, identifies them
and seizes them mainly for economic gains.

6. Do entrepreneurs care for profit or not? Why do you say so?

 Yes, because higher profit acts as an incentive

for entrepreneurs to set up a business. Without the reward
of profit, there would be less investment and fewer people
willing to take risks. In a command economy, there is
no profit incentive, but this can easily lead to a lack of
incentives
7. Which groups in the Philippines have been stereotyped as
“Business Minded”.
What factors do you think inclined them to business?
 Chinese
 One favorite Chinese business principle is the strategy of being
content with low profit margins and aiming for high sales
volumes. This requires infinite patience, perseverance and
dexterity. Look at SM, Sun Cellular, Jack n’ Jill, Jollibee,
Bench, Mang Inasal and the popular 168 Mall in the heart of
Divisoria, Manila — low profit margins for high sales volumes.