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Entrep First Quarter Reviewer

This document discusses key concepts related to entrepreneurship including definitions of entrepreneur, businessman, small business, and ordinary business. It also summarizes several theories and theorists of entrepreneurship such as Schumpeter's innovation theory and theories focused on risk, technology, sociological factors, and more. Additionally, it outlines fundamental entrepreneurial skills like cognitive, technical, and interpersonal skills as well as common traits of entrepreneurs. Finally, it briefly discusses different approaches to market segmentation.

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Lala Coronel
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56 views2 pages

Entrep First Quarter Reviewer

This document discusses key concepts related to entrepreneurship including definitions of entrepreneur, businessman, small business, and ordinary business. It also summarizes several theories and theorists of entrepreneurship such as Schumpeter's innovation theory and theories focused on risk, technology, sociological factors, and more. Additionally, it outlines fundamental entrepreneurial skills like cognitive, technical, and interpersonal skills as well as common traits of entrepreneurs. Finally, it briefly discusses different approaches to market segmentation.

Uploaded by

Lala Coronel
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Entrepreneur - entreprendre means Businessman - someone who Theory and Theorist

undertake. Person who practices ventures in business without practicing 1. Joseph Schumpeter -
concepts and principles of principles of entrepreneurship Innovation theory (innovate)
entrepreneurship Salient features of Entrepreneurship 2. John Maynard Keynes -
Entrepreneurship - art of knowing and 1. It is an art of correct practices Economic Development (role of
observing correct practices in 2. It is wealth-creating venture government)
managing and operating a business 3. It provides valuable goods and 3. Alfred Marshal - Production
resources Theory (land labor capital
4. It entails opening and managing organization factors)(possible
a self enterprise change in supply and demand
5. It is risk-taking venture patterns)
Fundamental Core Competencies 4. Frank Hyneman Knight - Risk
and Skills and Uncertainty Bearing Thoery
1. Cognitive Skills - learn to (asset of the production
- No universally accepted apply new information, the connects producers and
definition of entrepreneurship ability to create new ideas, consumers)
Small Business - practices principles innovate and solve problems 5. Nichola Kaldor - Technological
of entrepreneurship, owned by one 2. Technical Skills - technical Theory (without tech babagal
person, not more than 20 person domains, information den economic growth)
(workforce) technology finance skills 6. Max Weber - Sociological
Ordinary Business - managed by an 3. Interpersonal Skills - Theory (social cultures primary
owner who does bot practice principles understanding drive element of entre)
of entrepreneurship. Found almost Trait 7. Harvey Leibenstein - Gap
everywhere 1. Achievement Cluster - related filling Theory (responsible for
- Marami sa phil kase ito yung to desire opportunity seeker risk knowing trends sa market)
most convinient way para maka taker 8. Israel Kirzner - Learning
earn for a living 2. Planning Cluster - supports Alertness Theory (alert in
- Di need ng big amount of achievement cluster goat setter, recognizing opportunities)
money to start up info seeker, planning monitoring Market Segmentation
3. Power Cluster - reflect on 1. Geographic - regions
intrapersonal skills, persuasive 2. Demographic - gender age
positive self confident income occupation religio etc
3. Physcological - needs and
wants attitude social class,
lifestyle brand concept
4. Behavioral - perceptions
knowledge reaction benefits

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