ENTREPRENEURSHIP
Level: SENIOR HIGH SCHOOL Semester: FIRST
Subject Group: APPLIED SUBJECT Quarter: FIRST
Course Description:
This course deals with the concepts, underlying principles, processes and implementation of
a business plan. The preliminaries of this course include the following:
1) discussion on the relevance of the course;
2) explanation of key concepts of common competencies;
3) explanation of core competencies relative to the course; and
4) exploration of career opportunities.
Course Requirements:
Grading System
Performance Check 30%
Enabling Assessment Activity 30%
Long Test 15%
Culminating Performance Task 25%
Quarterly Grade 100%
Prerequisite Assessment
1. Associate at least five words on how you understand “Entrepreneurship “.
2. Why is Entrepreneurship important to an individual? the society? the nation?
LESSON 1 KEY CONCEPTS AND RELEVANCE OF
ENTREPRENEURSHIP
Learning Materials: Module, pen, paper, Management books, internet (if applicable)
Prerequisite Content-knowledge: Self – test about entrepreneurship
Prerequisite Skill: Identifying one’s entrepreneurial abilities
INTRODUCTION:
A. TIME ALLOTMENT: 4 hours
B. CONSULTATION: For questions and clarifications, you may consult your subject
teacher on the assigned schedule via face-to-face, FB messenger, mobile number.
C. RUA: At the end of the lesson, you should be able to:
• Discuss the relevance of the course; explain the key components of
entrepreneurship; and identify the traits of an entrepreneur
D. INSTITUTIONAL VALUES: Critical Thinking, Creativity, Curiosity
Learners will be able to apply Critical Thinking, Creativity, and Curiosity in:
• Identifying the traits of an entrepreneur.
I. OVERVIEW OF THE LESSON
This lesson will discuss basic concepts of entrepreneurship.
STUDENT’S EXPERIENTIAL LEARNING
➢ Chunk 1: “Qualities of Entrepreneurs: A Self-Assessment”
Instruction: Examine yourself on your own personal characteristics and see if you possess
some of the entrepreneurial traits. Check out, too, which areas you can improve on. As
truthfully as you can, check your answer on the following statements.
ENTREPRENEURIAL SELF-TEST
No. Qualities Check your answer
Yes Maybe No
1. I am persistent
2. When I am interested in a project, I need less
sleep.
3. When there is something I want, I keep my goal
clearly in mind
4. I examine mistakes and learn from them.
5 I keep New Year’s Resolution.
6 I have a strong personal need to succeed
7 I have new and different ideas.
8 I am adaptable.
9 I am curious.
10 I am intuitive.
11 If something cannot be done, I find a way.
12 I see problems as challenges.
13 I take chances
14 I will gamble on a good idea even if it is not sure
thing.
15 To learn something new, I explore unfamiliar
objects.
16 I can recover from emotional setbacks.
17 I feel sure of myself
18 I am a positive person.
19 I experiment with new ways to do things
20 I am willing to undergo sacrifices to gain
possible long term rewards.
21 I usually do things my own way.
22 I tend to rebel against authority.
23 I often enjoy being alone.
24 I like being in control.
25 I have a reputation for being stubborn.
13 I take chances
14 I will gamble on a good idea even if it is not
sure thing.
15 To learn something new, I explore unfamiliar
objects.
16 I can recover from emotional setbacks.
17 I feel sure of myself
18 I am a positive person.
19 I experiment with new ways to do things
20 I am willing to undergo sacrifices to gain
possible long-term rewards.
21 I usually do things my own way.
22 I tend to rebel against authority.
23 I often enjoy being alone.
24 I like being in control.
25 I have a reputation for being stubborn.
Scores per answer:
Yes - 3 points Maybe - 2 points No - 1 point
Total Score Interpretation:
60-75 - You have the qualities of an entrepreneur.
48-59 - You have the potential but need to push yourself.
37-47 - You may want to start a business alone.
Below 37 - Self-employment may not be for you.
Fill up the sheet below based on the score findings and interpretations you obtained.
Name: _____________________________________________
Total Score: _________
Total Score Interpretation: ____________________________
1. My entrepreneurial qualities that I need to improve (where I answered “No”)
_____________________________________________________________________
_____________________________________________________________________
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II. LESSON PROPER
A. Entrepreneurship and Entrepreneur
Entrepreneurship is… An entrepreneur is…
The act of creating a business or A person who sets up a business
businesses while building and scaling with the aim to make a profit and
it to generate a profit. creates a new business, bearing
An important driver of economic most of the risks
growth and innovation. and enjoying most of the rewards.
What people do to take their An innovator, a source of new
career and dreams into their hands and ideas, goods, services, and
lead it in the direction of their own business/or procedures.
choice. Playing a key role in any economy,
About building a life on your own using the skills and initiative
terms. No bosses. No restricting necessary to anticipate needs and
schedules. And no one holds you back. bring good new ideas to market.
Entrepreneurship is one of the resources economists categorize as integral to production;
the three resources are land/natural resources, labor and capital. An entrepreneur combines
these three to manufacture goods or provide services. They typically create a business plan,
hire labor, acquire resources and financing, and provide leadership and management for the
business (www.investopedia.com).
Note: Understanding what an entrepreneur is can help more people recognize the value they
contribute to the world. Entrepreneurs take the idea and execute it while
entrepreneurship is about execution of ideas.
B. Relevance/Importance of Entrepreneurship:
I. Importance of Entrepreneurship
1. Development of managerial capabilities:
The biggest significance of entrepreneurship lies in the fact that it helps in identifying and
developing managerial capabilities of entrepreneurs. An entrepreneur studies a problem,
identifies its alternatives, compares the alternatives in terms of cost and benefits implications,
and finally chooses the best alternative.
2. Creation of organizations:
Entrepreneurship results into creation of organizations when entrepreneurs assemble and
coordinate physical, human and financial resources and direct them towards achievement of
objectives through managerial skills.
3. Improving standards of living:
By creating productive organizations, entrepreneurship helps in making a wide variety of goods
and services available to the society which results into higher standards of living for the people.
Possession of luxury cars, computers, mobile phones, rapid growth of shopping malls, etc.
are pointers to the rising living standards of people, and all this is due to the efforts of
entrepreneurs.
4. Means of economic development:
Entrepreneurship involves creation and use of innovative ideas, maximization of output from
given resources, development of managerial skills, etc., and all these factors are so essential
for the economic development of a country. Economy wise, higher earnings can help boost
national income and tax revenue, and entrepreneurs contribute in other ways as well, such as
investing in community projects and supporting local charities.
➢ Chunk 2: Relevance of Entrepreneurship to SHS Students
(www.europeanentrepreneurship.com)
1. To prepare students for livelihood even before college.
2. Entrepreneurship education aids students from all socioeconomic backgrounds to think outside
the box and nurture unconventional talents and skills.
3. Entrepreneurship develops their initiative and helps them to be more creative and self- confident
in whatever they undertake and to act in a socially responsible way.
4. It exposes students to numerous opportunities to learn how to think critically and analyze the
pieces on the board.
5. Being aware of all the important factors and seeing how they affect each other is the foundation
of a smart decision-making process.
6. Students have to be exposed to real-world examples and learn from their own experience.
7. Entrepreneurship education requires students to be innovative, creative and collaborative with
others.
8. Entrepreneurship education provides budding entrepreneurs with the skills and knowledge to
come up with business ideas and develop their own ventures.
Examples:
1. An enterprise can involve a new concept. This usually means creating or stumbling on a new
idea or concept and creating or inventing something radically new. The inventor then builds a
new business around this product. An example of a keen innovator who had the uncanny knack
of creating new products that captured people’s imaginations and convinced that they needed
these products is the genius maverick Steve Jobs.
2. An enterprise can be built on an existing concept, but giving rise to a new business. This usually
means creating a new business based on the existing concept. An example of this is Mang
Inasal. It offers chicken in a new light: grilled chicken as fast food. With this new concept, Mang
Inasal, which started in the Visayas, took the country by storm because its founder, Edgar “Injap”
J. Sia, correctly perceived a need of people for affordable, quick-serve inihaw or grilled chicken.
Thus, this business was founded and flourished, to the extent of offering very real competition
to the Jollibee’s popular Chicken Joy.
3. An enterprise can involve an existing concept and an existing business.
An entrepreneur can have a laundry business. Dean of Clean, for example, had three branches
in Metro Manila, mostly in the center and south areas of the metropolis. The son of the owner,
while still in college, was permitted by his parents to set up a fourth branch in Quezon City.
Although the new store was built on an existing business - it is still a laundry shop, it required
the young entrepreneur to take some personal, family, and financial risks. The setting up of
branches or franchises can be considered an example of this type of enterprise.
C. Types of Enterprises According to Concept:
Thus, in summary, an entrepreneurial enterprise can involve:
a. New concepts and/or a new business
b. Existing concept and/or new business
c. Existing concept/existing business
The Traits/Qualities of an Entrepreneur:
a. Initiative - does things before being asked
b. Proactive - identifies and utilizes opportunities
c. Perseverance - works against all odds to overcome obstacles and is never complacent with
success
d. Problem-solver - introduces innovative solutions to any obstacles and problems in the enterprise
e. Persuasion - convinces customers an financiers to patronize his business
f. Self-confidence - makes decisions and sticks to his decisions
g. Self-critical - learns from his mistakes and from experiences of others
h. Planner - collects information, prepares a plan, and monitors performance
i. Risk-taker - willing to take calculated risks
j. Creativity - the ability to come up with clever, workable solutions
k. Business like Attitude - possessing the knowledge of your chosen business and having the savvy
to conduct business.
l. Confidence - having a firm belief in your own capabilities and your chances of success.
m. Relation Skills - the ability to get along with others, to inspire cooperation, confidence and loyalty
n. Communication Skills - the ability to express yourself and to understand others so that ideas
can be shared.
o. Ability to Make Decisions - the talents to analyze complex situations and draw conclusions that
will make the business succeed
ANSWER SHEET (Please submit only the answers. Do not return the entire module.)
Name: ________________________________ Section: __________________
LAST NAME, FIRST NAME MIDDLE INITIAL
Enabling Assessment Activity No.1
ENGAGEMENT. Answer the following questions below. Write your answer on the space
provided. (10pts. each)
1. Describe entrepreneurship.
___________________________________________________________________
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2. What are the three (3) types of entrepreneurial enterprise?
______________________________________________________________________
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3. Describe an entrepreneur.
______________________________________________________________________
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4. What are the entrepreneurial traits? Discuss its importance to the success of the
business venture.
______________________________________________________________________
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5. What is the relevance of entrepreneurship? Discuss how important it is in the country.
______________________________________________________________________
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ASSIMILATION
QUESTION: What appropriate product and/or business can be conceptualized in this time
when the price of commodities and goods are increasing? Explain why this product and/or
business can be considered. You may use the back space of this page for your answer.
(50 points)
Rubrics:
Understanding of the topic - 25pts
Organization - 10pts
Coherence of Ideas - 15pts
Total - 50pts
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SIGNATURE OVER PRINTED NAME OF PARENT/GUARDIAN
DATE: ______________
