Function of an

Entrepreneurship
1. Innovation
 An entrepreneur is basically an
innovator who tries to develop
new technology, products and
markets . Innovation may involve
doing new things or doing existing
things differently
 Transformed a simple data entry
service company into becoming
one of the country’s largest
outsourcing service providers.
The core business sources of
this company are mostly
contracts for generating projects
which involve customer service
relationships and IT services.
The CRM services became quite
successful , which spurred the
growth of telemarketing services

ERNEST L. CU
2. Assumption Risk
 An entrepreneur , is a risk taker and not
a risk shirker. He/ She is always
prepared for assuming losses that may
arise on account of new ideas and
projects undertaken by him/her. This
willingness to take risks allows an
entrepreneur to take initiatives in doing
new things and marching ahead in
his/her effort.
 Is dietitian by
profession who used
her knowledge to
create affordable
processed meat
products that could
compete with the
already well known
and established
processed meat
brands.

CORAZON D. ONG
3.Research
 An entrepreneur is a practical dreamer and
does a lot of ground-work before taking a leap
in his/her ventures . He/she finalizes an idea
only after considering a variety of options,
analyzing their strengths and weaknesses by
applying analytical techniques, testing their
applicability, supplementing them with
empirical findings ,and then choosing the best
alternative.
 Is a civil engineer by profession
formerly engaged in civil
construction works . He went
into research and performed
experiments using only pots
and pans and small tank as his
equipment. His persistence
finally led to the development of
a food supplement that would
smother the bad bacteria in
livestock, which called
LactoPAFI Probiotic Bacteria

GREGORIO G. SANCHEZ,
JR.
4. Development of management
skills
 The work of the entrepreneur involves
the use managerial skills which he/she
develops while planning , organizing,
staffing ,directing, controlling and
coordinating the activities of business .
Her managerial skills get further
strengthened when she engages herself
in establishing equilibrium between her
organization and its enviroment.
 Hands-on
approach in
negotiating with
local and foreign
publishers as well
as suppliers gave
the bookstore its
low purchasing
and low-selling
power.

SOCORRO RAMOS
5. Overcoming resistance to
change
 New innovations are generally
opposed by people because
they make them change their
existing behavior patterns. An
entrepreneur always first tries
new ideas at his level.
 He saw the opportunity of
setting –up his own company
by designing chip sets. In no
time, he was able to raise
$500,000 as seed capital to
put up Monstroni in 1985.
His company determination
paid off after they
successfully developed the
first system logic chip set
that lowered the cost of
building personal computers
that were more powerful

DIOSDADO BANATAO
6. CATALYST of economic
development
 An entrepreneur plays an
important role in accelerating
the pace of economic
development of a country by
discovering new uses of
available resources and
maximizing their utilization.
 Mercury drug created a
reputation that every
Filipino household
could rely on and there
was store in nearly
town or city across the
country. His goal of
making safe
medication available
and accessible to every
Filipino community

MARIANO QUE