Midwifery Entrepreneurship

abstract. Midwifery Entrepreneurship. Module 1: Entrepreneurship as a Discipline and Qualities of an Entrepreneur.

Module Overview. This module deals the basic concept of entrepreneurship, with the challenging opportunities for midwives, this will help them to look deeper into their profession and venture in into an entrepreneurial endeavor..

Module Objectives. At the end of the module the students will be able to: Understand the concept of entrepreneurship and entrepreneur Discuss the characteristic and function of an entrepreneur Differentiate manager and an entrepreneur Trace the history of Midwifery entrepreneurship in the Philippines Present the types of entrepreneur..

What is Entrepreneurship?. Entrepreneurship is a dynamic prose in creating vision, changes and creation.(Kuratko& Hodgetts, 2004). It also requires the application of spirit through the creation and implementation from a new idea as well as the creative solution. It is the capacity for innovation, investment and expansion in new markets, products and techniques. - Prof. Nathaniel Left Carpenter Entrepreneurship is more than a word. It is a mission. -Prof. Hirsh.

Midwifery Entrepreneurship in the Philippines. John Snow, Inc..

Entrepreneur. Webster’s – someone who runs a business at his or her own financial risk An entrepreneur is a person who undertakes the creation of an enterprise or business that has the chance of profit (or success). Also Schumpeter (1950) defined an entrepreneur is a person who is willing and able to convert a new idea or invention into a successful innovation.

Helps the organization members to comprehend and understand the mission, vision, purpose of the organization achieved through employees commitment (Cunningham& Lischeron , 1991; Gupta et al., 2004; renko , et al., 2013). According to Greef de Annique (2014); Ying & Ahmad (2009), entrepreneur leadership has a directive and positive influence on employee’s commitment. This is line with the type of Mcgregor (1960) in Greef de Annique (2014) stating that employees who can work in the organization, employees who love their job, those who are creative, motivated, proud on their results, fully responsible and happy to face challenges..

Entrepreneur are:. Risk-taking individuals who take actions to pursue opportunities and situations others may fail to recognize or may view as problems or threats Founders of businesses that become large-scale enterprises. People who: Buy a local franchise outlet Open a small retail shop Operate a self-employed service business People who introduce a new product or operational change in an existing organization..

Who is the Entrepreneur?. Somebody who has IDEAS and makes these ideas happen or come to life. Must have some BUSINESS SKILLS (ideation, creativity & innovation) Somebody who ASSUMES RISKS Desires to MAKE PROFIT.

TYPES OF ENTREPRENEUR. Clearance Danhof’s Classifications : Innovative Entrepreneurs - This category of Entrepreneur is characterized by smell of innovativeness. Adoptive or imitative entrepreneur: Such entrepreneurs imitate the existing entrepreneur and set their enterprise in the same manner. Fabian entrepreneurs: Fabian entrepreneurs are characterized by great caution and skepticism, in experimenting any change in their enterprises. Drone entrepreneurs: Such entrepreneurs are conservative or orthodox in outlook..

TYPES OF ENTREPRENEURS. Arthur H Cole Classification Empirical Rational Cognitive.

OTHER TYPES OF ENTREPRENEURS. Solo Entrepreneurs Active Partners Inventors Challenge Buyers.

ENTREPRENEUR VS. MANAGER. vs Managers Entrepreneurs.

Entrepreneur vs. Manager. Points Entrepreneur Manager Motive The main motive of an entrepreneur is to start a venture for his personal gratification. Main motive of a manager is to render services in an enterprise already set by someone else. Status Owner Employee Risk Assumes risk and uncertainty Manager does not bear any risk involved in enterprise..

Entrepreneur vs. Manager. Points Entrepreneur Manager Rewards Profits, which are highly uncertain and not fixed. Salary which is certain and fixed. Innovation Entrepreneur himself thinks over what and how to produce goods to meet the changing needs of the customers. Hence he acts as innovator / change agent. A manager simply executes plans prepared by the entrepreneur. Qualification An entrepreneur needs to possess qualities and qualifications like high achievement motive, originality in thinking, foresight, riskbearing ability etc. A manager needs to possess distinct qualifications in terms of sound knowledge in management theory and practice..

Typical entrepreneurial backgrounds and experiences:.

FUNCTIONS OF AN ENTREPRENEUR:. Idea Generation Determination of business objectives Rising of funds Procurement of machines and materials Market research Determining form of enterprise Recruitment of manpower Implementation of the project.

Characteristics of Entrepreneur. .

Core Competencies Entrepreneurial Activities Initiative Does things before asked for or forced to by events and acts to extend the business to new areas, products or services. Perceiving Opportunities Identifies business opportunities and mobilizes necessary resources to make good an opportunity..

Core Competencies Entrepreneurial Activities Persistence Takes repeated or different actions to overcome obstacles. Information Gathering Consults experts for business and technical advice. Seeks information of client or supplier’s needs. Personally undertakes market research and make use of personal contacts or information networks to obtain useful information. Concern to quality of work States desire to produce or sell a better quality product or service. Compares his performance favorably with that of others..

Core Competencies Entrepreneurial Activities Commitment to contractual obligation Makes a personal sacrifice or expands extraordinary effort to complete a job, accepts full responsibility in completing a job contract on schedule, pitches in with workers or work in their place to get the job done and shows utmost concern to satisfy the customer. Efficient orientation Finds ways and means to do things faster, better and economically..

Core Competencies Entrepreneurial Activities Planning Various inter-related jobs are synchronized according to plan. Problem solving Conceives new ideas and finds innovative solutions. Self confidence Makes decisions on his own and sticks to it in spite of initial setbacks. Experience Possesses technical expertise in areas of business, finance, marketing, etc..

Core Competencies Entrepreneurial Activities Self critical Aware of personal limitations but tries to improve upon by learning from his past mistakes or experiences of others and is never complacent withsuccess . Persuasion Persuades customers and financiers to patronize his business. Use of Influence strategies Develops business contacts, retains influential people as agents and restricts dissemination of information in his possession..

Core Competencies Entrepreneurial Activities Assertiveness Develops a reporting system to ensure that work is completed and quality norms. Monitoring Develops a reporting system to ensure that work is completed and quality norms. Credibility Demonstrates honesty in dealing with employees, suppliers and customers even if it means a loss of business..

Core Competencies Entrepreneurial Activities Concern for employee welfare Expresses concern for employees by responding promptly to their grievances. Impersonal relationship Places long-term goodwill over short-term gain in a business relationship. Expansion of capital base Reinvests a greater portion of profits to expand capital of the firm. Building product image Concerned about the image of his products among consumers and does everything possible to establish a niche for his products in the market..

REFERENCES:. R efe re nc es : rv•lanagernent and Leadership by H. Janinal (2009) Entrepreneurship and Innovation Toolkit by L. nson (2017) htt ps : // pu bl i c ati o ns. j si. co rn/J S I I nte rnet/ I n c/ CO rnrn.

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