1. Kerry Montano University High School
Entrepreneur

2. Objective
Students will be able to differentiate between an inventor and an entrepreneur and will be able to define innovation.
Students will be able to answer the question, “What is an entrepreneurial innovation?

3. What is an inventor?
Develops something new and creates new products, services, and /or processes
Inventing is one process but getting it widely accepted, produced and distributed is the domain of the entrepreneur.

4. Innovation
To be innovative means to develop something of value and useful to others, not just something that is simply new and different.

5. Entrepreneurial Opportunity
a want, problem, or challenge that can be addressed and/or satisfied by an innovative initiative
People are increasingly conscious of the food they eat and the water they drink
There is a need for widespread education regarding AIDS
Australia is very “in”

6. Entrepreneurial Idea
A specific innovative way to satisfy a want, overcome a problem or meet a challenge
A health food or fresh food restaurant
A new, innovative way to provide AIDS education
An Australian film festival

7. Think of an entrepreneurial opportunity at our school.
In your notes
Think of an entrepreneurial opportunity at our school.
Now think of 2 or 3 entrepreneurial ideas

8. Answer the following questions in your notes
What is the difference between an inventor and an entrepreneur?
Can an inventor and an entrepreneur be the same person? Explain your answer.
Are the same skills needed for the two roles?

9. Entrepreneur
Through personal initiative and the effective implementation of innovative ideas, entrepreneurs respond to economic wants and in so doing make a significant contribution to the betterment of any society. (the push the PPC outward)
Profit serves as the incentive to encourage individuals to take the risk to start a new business venture.

10. Benefits of entrepreneurship
Increased competition
Economic growth
Increased employment
Altered distribution of income
Economic efficiency
Increased opportunities for all individuals

11. Entrepreneur as hero
Video clip