1 GOAL: At the end of this seminar the participants is expe cted to: *Know what is entrepreneurial mindset *Share their thoughts about entrepreneurial mind set *Know the importance of entrepreneurial mindset SOURCE: Google 2 Ralph Harold Cabanes 20 Basak, Compostela, Cebu Mae Kiela Morales 18 Buluang, Compostela, Cebu Kevin Dave Herrera 19 Casili, Consolacion, Cebu Jessrail Estoconing 20 Tayud, Lilo-an, Cebu 3 Entrepreneurial Mindset a way of thinking that enables you to overcome challenges, be decisive, and accept responsibility for your outcomes. It is a constant need to improve your skills, learn from your mistakes, and take continuous action on your ideas. The capacity to apply higher- level, process-oriented thinking, consider an issue from a range of possible perspectives, and use that reasoning to make decisions. The ability to clearly express ideas to an intended audience, including persuading others to work towards a common goal. The power to take ownership of a project without input or guidance and work through obstacles independently. The practice of seeing and experiencing problems as opportunities to create solutions. 5 The ability and willingness to change actions and plans to overcome present and future challenges. The capacity to move forward with a decision despite inevitable uncertainty and challenges. An optimistic disposition with a focus on obtaining the skills and knowledge required to transition into a career. The ability to think of ideas and create solutions to problems without clearly defined structures. 6 The Five Dimensions of an Entrepreneurial Mindset 1. High self-efficacy beliefs Self-efficacy relates to how we feel, think, motivate ourselves, and behave. Having high self-efficacy means we believe firmly in our ability to navigate life and achieve our goals. 7 The Five Dimensions of an Entrepreneurial Mindset 2. An internal locus of control People with high self-efficacy tend to ha ve an internal locus of control. When fac ing failure, people with both an internal locus of control and high self-efficacy fo cus on what they can control in the situa tion and adapt their methods to do better next time. 8 The Five Dimensions of an Entrepreneurial Mindset 3. A growth mindset When you have a growth mindset, you think your learning and intelligence are not set at a certain level but can be changed if you put in extra time and effort. 9 The Five Dimensions of an Entrepreneurial Mindset 4. Intrinsic motivation Intrinsically motivated individuals tend to have higher levels of engagement and psychological well-being. They also tend to outperform those who are motivated by money, letter grades, or Other rewards. 10 The Five Dimensions of an Entrepreneurial Mindset 5. High levels of resilience Whether we interpret circumstances pos itively or negatively can have a powerful effect on our ability to persist. Those who are more resilient are likely to have an explanatory style that is optimistic and positive. 11 “The best way to predict the future is to create it.” 12 What is the revelance of studying entrepreneurship and innovation? Studying entrepreneurship and innovation courses can be a great way of inculcating an entrepreneurial drive. It is no secret that starting your own business involves a considerable amount of risk. In fact, Professor William Sahlman from Harvard Business School explains that every entrepreneur must work with the belief that the odds are stacked up against them. 13 9 REASONS WHY YOU SHOULD STUD Y ENTREPRENEURSHIP AND INNOVA TION -Expand Your Entrepreneurial Toolbox -Live a Life You Will Love -Entrepreneurship Forces You to Continue Learning -Learn Business Skills for Every Aspect of Your Venture -Apply Your Knowledge to Various Roles -Become More Business Agile -Ability to Recognize Opportunity -Solve Daily-life Problems -Leverage Your Creativity 14 Expand Your Entrepreneurial Toolbox Being a successful entrepreneur requires a mix of knowledge, strategy, discipline, experience and other things that you aren't just born with. Studying entrepreneurship and ways to innovate can help you develop new ways to solve problems and gain insights on ways to navigate the path to success from ideation to market adoption. Outside of on-the-job training, the best way to achieve your entrepreneurial as pirations. 15 Live a Life You Will Love This can't be learned in the classroom, rather it comes from being around likeminded, big-thinkers who feed your "energy". While the life of an entrepreneu r can feel like a roller coaster, the energy you experience translates into living a life you will love! 16 Entrepreneurship Forces You to Continue Learning This continuous learning is not just within one specific area you focus on, but e ntrepreneurship allows you to learn about all the different divisions within you r company and most importantly, learn about yourself—what drives you, what makes you happy! It’s an unbelievable benefit of being an entrepreneur that leads to incredible opportunities in life. 17 Learn Business Skills for Every Aspect of Your Venture No specific type of person is best suited to become an entrepreneur and launc h a successful business venture. It takes determination, perseverance and tena city. But it also requires that you understand your specific area of focus, such a s your major in college, in addition to a wide variety of business skills that will all be leveraged every single day in your business. This includes financial literac y, marketing, leadership, product management, negotiation, strategic thinking, soft skills and so much more. 18 Apply Your Knowledge to Various Roles The job market is continuously changing, and companies of all sizes have to off er innovative solutions to stay competitive. That's why a professional who stud ied "entrepreneurship and innovation" will always be needed. A big plus of hol ding this degree is that you will be able to pursue a career in many different in dustries and fields, in big companies as well as startups. Or, if you are intereste d in starting your own business, you will have the right skills and knowledge to do so successfully. 19 Become More Business Agile Develop your business leadership agility skills by studying entrepreneurship an d innovation. Knowing the latest trends in entrepreneurial startups and innova tions in business planning and implementation refutes ineffective people man agement and sales and marketing strategies. With a more agile and innovative entrepreneurial mindset, you can take your business to greater heights, thriving, adapting and outperforming others in the competition. 20 Ability to Recognize Opportunity One major benefit of studying entrepreneurship and innovation is the gained a bility to recognize opportunity. Entrepreneurial studies focus on the applicatio n of one’s knowledge and skills to commercial opportunities. Being able to d etermine a company’s worth through analysis of their strategies, practices, e tc. can be critical for those who want to invest. 21 Solve Daily-life Problems Entrepreneurship and innovation help individuals become independent and ch annel their creativity into creating something of their own in this competitive world. Studying entrepreneurship and innovation enhances one's analytical an d logical skills that enable one to solve any problem. Entrepreneurship mainly helps solve daily-life problems and eases pain points with the help of innovativ e products and services provided. 22 Leverage Your Creativity In entrepreneurship, your creativity and out-of-the-box thinking are used as a necessity. They are seen as the means to function more efficiently. And what i s true success if it isn't being able to implement in real life what you learn from the books? 23 5 Advantages of ASEAN Integration in th e Philippines Last November 2017, ASEAN celebrated its 50th anniver sary and the event was attended by leaders from aroun d the world. It’s about the betterment of the people an d the economy. Here are other reasons why the ASEAN is helping boost our economy more than you think: 1. Easier and cheaper travel options for every one Of course, it only makes sense that ASEAN wants to provide easier travel services for their se rvice providers. However, even citizens can enjoy the benefit of improved air, sea, or land tra vel. Thanks to ASEAN, there are now VISA-free entry countries like Cambodia, Indonesia, and Malaysia. Last October 2017, during the 23rd ASEAN Transport Ministers Meeting, members signed several plans to improve transportation within the region. 24 5 Advantages of ASEAN Integration in the Phili ppines 2. Cheaper goods and services Other than better travel options, ASEAN also gives nations within the region to do more trade for goods and services. Tax on imported goods is lowered or even eliminated. 3. More and better jobs With the progressive dynamic between the ASEAN region, with easier and cheaper tra vel options, goods, and services, it only makes sense that it comes with the extended bonus of better employment opportunities. Take note, the continent makes up one-th ird of global GDP. 25 5 Advantages of ASEAN Integration in th e Philippines 4. More study options The Filipinos would have more access to better jobs if they are better equipped for thes e emerging roles. Thankfully, even the country’s education would be enhanced because of ASEAN integration. The National University in Singapore offers scholarships for ASEA N countries for graduate coursework. These are only a few of the examples of quality in ternational support for Filipino students. 5. The Philippines: Improved ASEAN contributes to the advancement of the Philippines as a whole. Because of the i ncredible support from other Southeast Asian nations, the country is better prepared for globalisation. With the Filipinos’ way of life eventually improved, it will be no surpr ise if the economy contains to perform well in the next few years. 26 Any questions? 27 ANSWER THIS! 1. What components of dimensions of an Entrepreneurial Mind that relates to how we feel, thin k, motivate ourselves, and behave? 2. It is the ability to clearly express ideas to an intended audience, including persuading others t o work towards a common goal. 3-4. Give 2 reasons why you should study entrepreneurship and innovation 5. It is the power to take ownership of a project without input or guidance or work through obstacles i ndependently. 6-7. (2pts.) In the story of The War Horse, why does the emperor didn’t accept the war horse to serve him? 8. It requires a mix of knowledge, strategy, discipline, experience and other things that you aren’t just born with. 28 9-10. There are five advantages of ASEAN Integration in the Philippines just give two. 11. What type of mindset that made you think your learning and intelligence are not set at a certain level but can be changed if you put in extra time and effort. 12. What was the one major benefit of studying entrepreneurship and innovation? 13. It focus on the application of one’s knowledge and skills to commercial opportunities. 14-20. Enumerate the 7 components of the Entrepreneurial Mindset. 29 Thank you! 30