I.
TITLE: MODULE I in ICT 9 (PERSONAL ENTREPRENEURIAL COMPETENCIES)
II. A. Introduction
Have you ever thought running your own business? Entrepreneurship has brought great success to some,
but it's not a career path for all. Do you think you can handle the stress and hard work that go with running
a small business enterprise? The key to succeed in a small business enterprise is your entrepreneurial ability
to produce the desired results. Before embarking on your first business, it's worth spending some time
evaluating your own preparedness for entrepreneurship. Try to examine your own personality and
compare it with the Personal Entrepreneurial Competencies (PECs) of a successful entrepreneur. Ask
yourself if you are ready to enter into the world of business. If your answer is yes, take this reminder:
“Successful entrepreneurs continuously develop and improve their PECs”. [ CITATION Owe13 \l 13321 ] This
module will help the learner demonstrates understanding of Personal Entrepreneurial Competencies (PECs)
Moreover, it will help the learner prepare an activity plan that addresses his/her development areas based
on his/her PECs and improves further his/her areas of strength.
B. Objectives
1. Identify own PECs.
2. Describe important entrepreneurial traits.
3. Align personal traits according to the personal entrepreneurial characteristics of an entrepreneur.
III. Review of prior knowledge (Answer in your Notebook)
List down five entrepreneurial competencies that you have developed in the previous school year.
1.
2.
3.
4.
5.
IV. A. Topic: Important Entrepreneurial Traits
B. Time frame:
Time allotment: 2 hours
Inclusive dates: Aug.25-26, 2020
Deadline of Output: Aug. 31, 2020
C. Materials: Module, Notebook, Pen
D. Procedure
Directions: Below is a list of Personal Entrepreneurial Competencies (PECs) of a successful entrepreneur.
Put a check mark on the 2nd column that indicates your strong PECs. The check mark on the 3rd column are
those PECs that need to be developed.
My Personal Entrepreneurial Competencies
Personal Entrepreneurial
Competencies of an Strength Needs to be Developed
Entrepreneur
Hardworking
Self-confident
Builds for the future
Profit-oriented
Goal-oriented
Persistent
Copes with failure
Responds to feedback
Demonstrates initiative
Willing to listen
Sets own standards
Copes with uncertainty
Committed
Builds on strengths
Reliable and has integrity
Risk-taker
Did you enjoy examining yourself? You can become a successful entrepreneur someday. Please
don’t feel bad when you discover that there are still to be developed. Continue your exploration
to find answers to these underdeveloped PECs.
Lesson1. Important Entrepreneurial Traits
The following are the fundamental characteristics of an entrepreneur:
1. Hard working: If you are determined to run your own business, you must concentrate on your work either as
a producer or a seller. The success of your business depends on how much time and effort you will spend on it.
2. Self- Confidence: You must have a strong faith in your ability despite the problems that you will encounter
along the way.
3. Future-Oriented: Once a person enters in a line of business, you must understand that you are in a non-stop
contract that an entrepreneur should understand. It may take several years to build up a business to a
reasonable standard. The goal for most successful business people is to build a secure job and stable income
for themselves based on their own ability.
4. Profit-Oriented: When you enter into the world of business, obviously, you are looking for income because
you know that this will be your bread and butter not only for you but also for your family. Therefore, you must
see to it the business can generate income. Another plan of action is to expand your own business through the
use of your generated income.
5. Goal-Oriented: An entrepreneur is forward looking. You have an advanced preparation for your business.
You set a long-term goal for the activities that are needed, an extensive preparation for the production process
and procedures that you need to go through to acquire, human and non-human resources. Everything in
your business will have to be set clearly, organized, and planned depending on the goal you want to achieve.
6. Persistence: Differences in opinion and judgment. Your opponent can be a part of the rejection on what you
intend to do for your endeavor. As an entrepreneur, you must be firm, strong-willed, and stick or follow your
own belief.
7. Copes with Failure: “Learn from your mistakes”. As an entrepreneur, you must learn how to deal with the
frustrations and failures instead, turn these into productive learning experiences.
8. Responds to Feedback or Open to Feedback: You must be concerned to know how well you are doing
and keep track of your performance. You must obtain useful feedback and advice from others.
9. Take the Initiative: A successful entrepreneur takes the initiative. You must put yourself in a position where
you personally are responsible for the failure or success of your business.
10. Willing to Listen: Take time to listen to the advice, suggestions, and recommendations of fellow
entrepreneurs. It will help your business grow.
11. Set your Own Standards: This involves developing and using logical, step-by-step plans to reach the goals,
or offering evaluation alternatives, monitoring progress, and switching to successful strategies for the goal you
want to achieve. To be a successful entrepreneur you must take into consideration that sales and production
depend on your own standards.
12. Copes with Uncertainty: Pursue your vision to be a successful entrepreneur, you should know how to
handle unusual events that may happen in the business which include problems in managing the workers,
problems on the delivery of goods and services, and the problems on demand and production. You must be
patient in dealing with these uncertainties.
13. Committed: You should know that in your business, personal needs, attachment to your friends, families and
relatives are set aside. You must separate the money for your business from the amount that you need to
spend for personal obligations and lifestyles.
14. Builds on Strengths: Successful business people base their work on strengths. Use your manual skills,
knowledge in creating products or services, knowledge in trade and industry, ability to make and use of a wide
network of contacts to build your business.
15. Reliable and has Integrity: An entrepreneur must build a good reputation, possess the courage to do the
right thing, do what you say, walk your talk, be loyal, and be fair in dealing with the subordinates and
costumers.
16. Risk-Taker: Risk sometimes cannot be anticipated. When misfortunes happen, consider these as challenges
and work them out and set good alternatives. Risks may result to loss of your business or even bankruptcy.
Activity1: Aligning one’s PECs
Directions: Choose from the list below the characteristics and traits that best describe your own personal
entrepreneurial characteristics. Find ways on how to align them according to the personal entrepreneurial
characteristics of an entrepreneur which were discussed above. Write your answers in your notebook.
.
Creative Resourceful Persistent Organized Independent
Confident Risk taker Observant Competent Trustworthy
Optimistic Passionate Flexible Sensitive Committed
Dynamic Efficient Hardworking Decision -maker Reliable
Knowledgeable Persevering Decisive Strong – minded Courteous
Example: My PECs (Use this format in your notebook)
Things to do to align with PECs of a
successful entrepreneur
My PECs My simple definition
1. Creative
2. Organized
3. Competent
4. Observant
Activity 2. My PECs that need to be further improved
Directions: At the center of the street are arrows where positive and negative characteristics and traits are written.
Pick out the positive PECs that you are already strong at, and write them down on the blank arrows on
the left side. PECs written on the arrows at the right side are the negative characteristics that need to
be further improved.
Activity 3: My techniques to strengthen PECs
Directions: From the given chart below, write at least six techniques on how you would strengthen your own
PECs. Write the PECs that you feel that you still need to focus on to strengthen these. Write your answers in
your notebook.
Example: Self-confidence
Self-
confidence
Answer the assessment/quiz below to determine whether there is significant increase in your understanding of
PECs. Copy and write your answers in your notebook.
A. Matching Type
Directions: Column A lists the characteristics of a successful entrepreneur. Draw a line from the items
in Column A that connects the correct definition of terms listed in Column B.
Column A Column B
a.
1. Hardworking b. Ability to set realistic targets.
c. Interest in money generation.
2. Self-confident d. To succeed, one must believe in one’s self. Working
e. diligently and industriously.
3. Profit-oriented f. Being able to listen to the advice of others.
Obtaining useful feedback and advice from others.
4. Goal-oriented
g. Being patient and strives to achieve the goal.
Ability to take measured or calculated risks. Being
5. Persistent
h. honest, fair and trustworthy.
6. Responds or open to feedback i. A major priority in the entrepreneur’s life.
j.
7. Willing to listen
8. Committed
9. Reliable and has integrity
10. Risk-taker
B. Multiple Choice.
Directions: Read and study the situation that describes entrepreneurial characteristics. Then answer the
question by writing the letter of your choice in your notebook or in the provided answer sheet.
Mrs. Gina Magno opens up her own retail business. She knows that her personal entrepreneurial characteristics
are insufficient to ensure a successful operationalization of a business she has in mind. Your answers to the
questions below will help in developing her PECs.
1. What PECs must she possess if there are customers who complain about the quality of her product?
a. Patience
b. Hardworking
c. Versatile
d. All of the above
2. Which of the following is NOT considered as a characteristic of an entrepreneur?
a. Copes with failure
b. Dependent
c. Persistent
d. Opportunity seeker
3. If she wants to ensure a profitable business operation, what characteristic will she maintain?
a. Commitment
b. Goal oriented
c. Futuristic or future-oriented
d. Opportunity seeker
4. Mrs. Magno follows the advice of a friend to be flexible especially if she intends to open a retail business.
What PECs has been demonstrated by Mrs. Magno?
a. Self- confidence
b. Reliable and has integrity
c. Responsive to feedback
d. Persistent
5. She tells Mary, her best friend that she has a strong will and does not give up to find a solution to a business
problem. What PECs has been demonstrated by Mrs. Magno?
a. Hard work
b. Persistence
c. Self-confidence
d. Risk- taking
