Senior High School
Business Ethics and
Social Responsibility
Quarter 4 – Module 4
Introduction to the Notion of
Social Enterprise
Business Ethics and Social Responsibility – Grade 12
Alternative Delivery Mode
Quarter 4 – Module 4: Introduction to the Notion of Social Enterprise
Second Edition, 2021
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Business Ethics and
Social Responsibility
Quarter 4 – Module 4
Introduction to the Notion of
Social Enterprise
Table of Contents
What I Need To Know ………………………………………………………..…………………… 2
General Instruction ………………...…………………………………………………………...… 3
What I Know (Pre-test) ………………………………………………...……………….………… 4
Lesson 1 Importance of Establishing Business beyond Profit ……………………...…… 5
What’s In ………………………………………………………………………..….. 5
What’s New ……………………………………..…………………………………. 6
What Is It ……………………………………………………………………..…..… 7
What’s More ……………………………………………………………………..… 7
What I Have Learned ……………………………………………………………... 9
What I Can Do …………………………………………………………………….. 9
Self-Check ………………………………………………………………………... 11
Additional Activity ………………………………..………………………………. 11
Assessment ………………………………………………………………………….…………… 12
Answer Key ……………………………………………………………………………………….. 13
References ………………………………………………………………………………………... 14
What I Need To Know
For the Learners
This module is to be done for two weeks. Included in this module is the
creation of a personal action plan to assist an existing small business
enterprise to practice ethics and social responsibility. Since this will take time
to prepare, students will use the second week to work on this activity.
Module Content
This module consists of the lesson:
• Explain the importance of establishing and sustaining business enterprises
as a source of job opportunities and financial freedom and prepare and
implement a proposed personal action plan to assist an existing small
business enterprise to practice ethics and social responsibilities in their
business operation.
2
GENERAL INSTRUCTIONS
For the learners: For the teacher:
To be guided in achieving the To facilitate and ensure the
objectives of this module, do the students’ learning from this
following: module, you are encouraged to
do the following (you may edit
1. Read and follow
this part):
instructions carefully.
2. Write all your ANSWERS 1. Clearly communicate
in your ACTIVITY learning competencies
NOTEBOOK. and objectives
3. Answer the pretest before 2. Motivate through
going through the lessons. applications and
4. Take note and record connections to real life.
points for clarification. 3. Give applications of the
5. Compare your answers theory.
against the key to answers 4. Discuss worked-out
found at the end of the examples.
module. 5. Give time for hands-on
6. Do the activities and fully unguided classroom work
understand each lesson. and discovery.
7. Answer the self-check to 6. Use formative assessment
monitor what you learned to give feedback.
in each lesson. 7. Introduce extensions or
8. Answer the posttest after generalizations of
you have gone over all the concepts.
lessons. 8. Engage in reflection
questions.
9. Encourage analysis
through higher order
thinking prompts.
10. Provide alternative formats
for student work.
11. Remind learners to write
their answers in their
Philosophy Activity
Notebook
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What I Know
Let us check your prior knowledge about this module’s coverage.
Direction:
True or False. Read each statement below and evaluate whether it is true or false.
Write letter A if the statement is true and B if otherwise.
______ 1. Financial independence is to have enough savings and cash on hand to
sustain the kind of life we desire for ourselves and our families.
______ 2. Corporate social responsibility that created as an act of protecting the
profit of the company is not a realistic social responsibility and it is not a genuine
work towards doing something good for the world.
______ 3. Good marketing strategy applies effectively in achieving this financial
freedom.
______ 4. Sticking to a budget is the most effective way to make sure that all your
bills are paid, and your money will be monitored.
______ 5. Negotiating can be helpful in achieving your financial freedom.
______ 6. A person should have goals and make these goals specific like at what
time of your life will you want to achieve it.
______ 7. It is the accountability of the corporation or businesses to think beyond
profit for the reason that it helps the community where the business is located
to create jobs for the people.
______ 8. High interest loans are very toxic in increasing wealth that is why it is
essential that you have to pay the balance each month.
______ 9. The principle of diminishing interest will help you build financial
achievements.
______ 10. It is important to pay attention with your credits because these
determine what interest rate you are offered when you decide for your next loan.
4
Importance of Establishing
Lesson 1
Business beyond Profit
Learning Objectives:
At the end of the week, it is expected that the learners must be able to:
1. Explain the importance of the establishment and maintenance of a
business as a source of job opportunities and financial freedom.
2. Express appreciation of the importance of a business enterprise as a
vehicle for job opportunities and financial freedom; and
3. Create an action plan to assist an existing small business enterprise to
practice ethics and social responsibility.
What’s In
How can a business
help create job
opportunities in the
community? What is
financial freedom?
1. How can we generate job opportunities through creating a business?
2. Why establishing a business can help the community?
3. Why is it important for business to think beyond profit?
4. How can a business help you achieve savings?
5. What are the traits needed by businessmen in order to save more money?
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Discuss the significance of the picture in terms of its contribution to the community
regarding job creation and teaching people to generate more income.
_________________________________________________________________________
_________________________________________________________________________
_________________________________________________________________________
_________________________________________________________________________
What’s New
_________________________________________________________________________
_________________________________________________________________________
_________________________________________________________________________
What’s New
The pandemic that the world is experiencing at the moment has affected the
lives of people all over the world. The economy has been injured and jobs have
been lost. Slowly, the world is trying to recover by transitioning into what we call
the “NEW NORMAL” Countries like the Philippines are trying to recover by pushing
on the continuance of economic activities. Businesses are allowed to open again
adapting new policies. Since a lot of people have lost their jobs, how can
corporations help the government in terms of their corporate social responsibility in
the new normal? How important is job creation during the implementation of the
new normal in business?
____________________________________________________________
____________________________________________________________
____________________________________________________________
____________________________________________________________
____________________________________________________________
____________________________________________________________
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____________________________________________________________
____________________________________________________________
What Is It?
Job Creation as Corporate Social Responsibility
Job creation is the process of creating new jobs, especially to
provide work for people in the community through establishment of
enterprise. It is the responsibility of the corporation or businesses to think
beyond profit for the reason that it helps the community where the
business is located to generate jobs for the people. The say that corporate
social responsibility that created as an act of protecting the profit of the
company is not a realistic social responsibility and it is not a genuine work
towards doing something good for the world. Rather than a promotional
act intended to exhaust out the race and win over customers, philanthropic
actions should be a demonstration of what the company really wants to
do sincerely. Included in these actions is the generation of jobs that could
help the people within the community earn a living. Thereby, improving
their life’s situations.
What’s More
Financial Freedom
Financial freedom is to have enough savings and cash on hand to sustain the
kind of life we desire for ourselves and our families. This means that a person should
have a rising amount of money to manage a career that we want to have without being
focused earning a fixed salary every year.
Attaining financial freedom can be very tough especially when you have
growing debt, cash emergencies, medical issues, and overspending. This can be
countered through careful management of money. Good planning applies effectively
in achieving this financial freedom.
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According to Matt Danielsson, there are important points to consider in
achieving financial freedom. Among of these are the following:
1. Set Life Goals – a person should have goals and make these goals specific like at
what time of your life will you want to achieve it. It is good that these goals should be
written down so that it will serve as guide to achieve it.
2. Make a Budget – working on a budget is more reliable than anything else.
Sticking to it is the most effective way to make sure that all your bills are paid, and
your money will be monitored. Make this as a regular routine because it supports you
goals and strengthen you finances.
.
3. Pay Off any Financial Obligations – high interest loans are very lethal to
accumulation of wealth that is why it is essential that you have to pay the balance each
month. Paying on time will also help business to have good reputation in terms of
payment of debt.
4. Create Automatic Savings – enrollment in a retirement plan and other similar
activity will help you build your finances in the future. It is also good to have savings
as an emergency fund to prepare for unexpected expenses in the future.
5. Start Investing Now – there is no other way of growing your money than to invest
no matter how small your money is. The principle of compound interest will help you
build financial gains.
6. Watch Your Credit – it is important to pay attention with your credits because these
determines what interest rate you are offered when you decide for your next loan.
Always monitor your credit performance because the way you respond to your
creditors will either ruin or elevate further your good name. Thus, the entrepreneur
builds a good reputation to his creditors.
7. Negotiate – some people are very conscious about negotiating for goods and
service because to some entrepreneurs this will make them look not charming to
creditors and suppliers. Negotiating could actually help entrepreneurs save thousands
of money each year. An entrepreneur has to be open for negotiation especially when
buying bulk orders to open the doors for discounts. This can be helpful in achieving
your financial freedom.
8. Continuous Education – Educate yourself on government policies and other laws
that governs business activities to make sure of the maximization of all tax deductions.
Thus, saving money in return.
9. Proper Maintenance – There should be proper maintenance of your assets to
maintain the marketability of these assets. Once you decide to sell these assets, you
can still sell it at a higher amount because it is well maintained.
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What I Have Learned?
1. Why is financial freedom important to businesses and individuals?
2. Explain the importance of creating budget as a means of building financial
freedom.
3. How important is establishing goals in pursuing financial independence?
4. Why do we need to pay periodically our financial obligations?
What I Can do?
Prepare an action plan to assist an existing small business enterprise to practice ethics
and social responsibility in their business operation by using the template below:
Name of Business: _______________________________________
Goal:
__________________________________________________________
__________________________________________________________
__________________________________________________________
Plan Statement:
__________________________________________________________
__________________________________________________________
__________________________________________________________
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Resources
Action Prospect or Hazard
Consideration Timeline Outcome
Description challenges estimated Forecast
cost
Make a reflection on the activity above:
Reflection:
_________________________________________________________
_________________________________________________________
_________________________________________________________
_________________________________________________________
_________________________________________________________
_________________________________________________________
_________________________________________________________
_________________________________________________________
_________________________________________________________
Remember these key points:
• Job Creation as Corporate Social Responsibility
• Financial Freedom
• Important points to consider in achieving financial freedom:
o Set Life Goals
o Make a budget
o Create automatic savings
o Start investing now
o Watch your credit
o Negotiate
o Continues education
o Proper maintenance
10
Self-Check!
Great job! You have completed Lesson 1 successfully! Before going to the
next lesson, check the icon that best shows your learning experience.
I have understood the lesson well and I can even teach
what I learned to others.
I have understood the lesson but there are still other things
that I need to review and relearn.
I need to do additional work to be able to master the
lesson. I need help in some tasks.
If you checked the first icon, you are ready for level. If you have checked the
second icon, you need to review the things that you need to relearn. If you have
checked the third icon, it would be best if you read more and ask help from your
teacher, parents, or peers in clarifying the lessons that you find difficult. Be honest so
that you will truly improve.
Additional Activity
After doing the activities:
I noticed
___________________________________________________
A question I have is
___________________________________________________
I’m not sure
___________________________________________________
I realized
___________________________________________________
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Assessment
Let check how much you learned from this module’s coverage.
Direction:
True or False. Read each statement below and evaluate whether it is true or false.
Write letter A if the statement is true and B if otherwise.
______ 1. Financial freedom is to have enough savings and cash on hand to
sustain the kind of life we desire for ourselves and our families.
______ 2. Corporate social responsibility that created as an act of protecting the
profit of the company is a genuine social responsibility towards doing
something good for the world.
______ 3. Job creation is the process of creating new jobs, especially to provide
work for people in the community through establishment of enterprise.
______ 4. Sticking to a budget is the most effective way to make sure that all your
bills are paid, and your money will be monitored.
______ 5. Negotiating is not useful in achieving your financial freedom.
______ 6. There should be proper maintenance of your assets to maintain the
marketability of these assets.
______ 7. It is the responsibility of the corporation or businesses to think beyond
profit for the reason that it helps the community where the business is
located to generate jobs for the people.
______ 8. Always monitor your credit performance because the way you respond
to your creditors will either ruin or elevate further your good name.
______ 9. The principle of compound interest will help you build financial gains.
______ 10. There should be proper maintenance of your assets to sustain the
marketability of these assets.
Congratulations!
You have completed your journey in Business Ethics
and Social Responsibility. You did a great job! It’s
time to celebrate and give yourself a treat!!
Good luck to the next level of your journey!
12
13
Pre-assessment Test
1. A
2. A
3. B
4. A
5. A
6. A
7. A
8. A
9. B
10. A
Post-assessment Test
1. A
2. B
3. A
4. A
5. B
6. A
7. A
8. A
9. A
10. A
Answer Key
References
Internet
Job creation meaning: 1. the process of providing new jobs, especially for people who
are unemployed: 2. the process of…. Learn more.
2021 English Cambridge Dictionary - Publication Date: January 27, 2021
https://dictionary.cambridge.org/us/dictionary/english/job-creation
Looking Beyond Profit Can Give Your Company Purpose – Here’s How
2019 English B. Scudamore Forbes – Publication Date: August 7, 2019
https://www.forbes.com/sites/brianscudamore/2019/08/06/csr-impact-on-
business/#2689b733ba5c
These 12 Habits Will Help You Reach Financial Freedom
English Investopedia
https://www.investopedia.com/articles/personal-finance/112015/these-10-habits-will-
help-you-reach-financial-freedom.asp
Google Image Result for https://thumbs.dreamstime.com/b/people-education-group-
happy-students-books-i-isolated-background-vector-illustration-flat-style-
85014129.jpg
English
https://images.app.goo.gl/aNyzzqNVfAXo3hRU7
Webpage
https://www.google.com/search?q=action+plan+template&tbm=isch&source=iu&ictx
=1&fir=jjwrmu3l6uCjoM%252CXx8TrP5P3sVtOM%252C_&vet=1&usg=AI4_-
kSD5HYdjeDFql6y62U4tH_Xkzg53w&sa=X&ved=2ahUKEwin5KeElPbqAhVN62EK
HW-JCWwQ9QEwAXoECAoQMg&biw=1904&bih=952#imgrc=iA8_hgv-39FipM
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