What I Need to know

Businesses are the backbone of the economy. Entrepreneurs plays an

important role in developing the economy through providing the needed products
and services including the solution to the problem of unemployment.
Entrepreneurs are encouraged by the economy because they can provide
a lot of opportunities for the unemployed young people. It will increase in per
capita income, higher standard of living and increased individual saving, revenue
to the government in the form of income tax, value added tax, export duties,
import duties, and balanced regional development

After reading this module, the learners should be able to:

1. discuss the relevance of the course;
2. explain the key concepts of common competencies;
3. explain the core competencies in Entrepreneurship;
4. explore job opportunities for Entrepreneurship as a career.

In going through the module, you have to extend your patience in

understanding, analyzing what you are reading. Follow the directions and/or
instructions in the activities. Answer the entire given test and exercises carefully.
Comply the required activities provided.

2
 What I Know

Before starting with this module, let us see what you already know about
Entrepreneurship. Answer the questions below.

Instruction: Read the statements carefully then write True if the statement is
correct & write False if you think the answer is not correct.
1. The success or failure of your business rests on your employee
and staff.
2. There’s a limitation to what an entrepreneur can make.
3. Entrepreneur means “to undertake.”
4. Entrepreneurship is a process of actions of an entrepreneur who
is always in search of opportunities.
5. The greatest significance of entrepreneurship is to help
identify and develop the managerial capabilities of entrepreneurs.
6. Entrepreneurship will lead to the creation of organizations.
7. Entrepreneurship can improve the life of the entrepreneur only.
8. Coward people will become successful entrepreneur.
9. An entrepreneur is a “Risk Taker”.
10. Entrepreneurship is not an economic activity.
11. Entrepreneurs are innovative.
12. Profit potential is the compensation of the entrepreneur.
13. An entrepreneur can become a business consultant.
14. An entrepreneur can also be a researcher.
15. An entrepreneur can also become a salesman.
16. Entrepreneurship graduates can become a business reporter.
17. The entrepreneur could easily see the results of his efforts.
18. Business knowledge refers to certain degree that will help
entrepreneurs to seek for better entrepreneurs.
19. Businessman and entrepreneur play the same role in the market
place.
20. Long hours and hard work are usual especially during the start-
up of business.

3
 Lesson
Introduction to Entrepreneurship
1

What’s In

Before we will proceed to our lesson, can you tell me what comes into
your mind when you hear the word Entrepreneur? Write it one fourth sheet of
paper and give it to your teacher. (All answers will be accepted)

What’s New

Activity 1 Let Me Know

Give at least five (5) names of entrepreneurs that you know. May it be
from your locality or within Philippines. Identify what are their common traits as
entrepreneur. Write it in one half cross wise and submit it to your teacher.

What is it?

Competencies of Entrepreneurs

1. What characteristics that you can observe or see that is common to them?
2. Who among the entrepreneurs you mentioned that you admire most and
why?
3. In your own opinion, what do you need to possess to become a successful
entrepreneur?

4
 RUBRIC FOR ESSAY
Content The content was well-thought, guide 4
questions were thoroughly answered
Organization The paper was well-written with ideas 3
easily conveyed to readers.
Development Points are thoroughly developed 3
TOTAL 10

Relevance of Entrepreneurship to an Organization

1. Development of Managerial capabilities - this means that one of the

benefits an entrepreneur gets is to develop his managerial skills.
2. Creation of Organizations - which means that because of
entrepreneurships many organizations will exist.
3. Improving standard of living - this means that entrepreneurship can lift up
the economic status of an individual.
4. Means of economic development - this means that not only the life of the
entrepreneur is improved but also the society where the business is located.

Concept of Entrepreneurship
The word “entrepreneur” was derived from the French verb
enterprendre, which means “to undertake.” This is pinpointing to those who
“undertake” the risk of enterprise. The enterprise is created by an entrepreneur
and the process is called “Entrepreneurship.”
Entrepreneurs are innovators, willing to take risks and generate new ideas
to make it unique and profitable solutions to the present-day problems.

Factors Affecting Entrepreneurship

1. Personality Factors which includes:

a. Initiative - which means doing things even before being told.
b. Proactive -which means he can classify opportunities and seize it.
c. Problem Solver - which means he can retain good relations with other
people.

5
 d. Perseverance - meaning he will pursue things to get done regardless of
challenges.
e. Persuasion - means that he can entice people to buy even if they don’t.
f. A Planner - meaning he makes plan before doing things and do not fail
to monitor it.
g. Risk-taker - which means that he is willing to gamble but he will calculate
it first.
2. Environmental Factors which include political, climate, legal system,
economic and social conditions and market situations.

Common Competencies in Entrepreneurship

1. Decisive - an entrepreneur must be firm in making decisions.

2. Communicator - an entrepreneur must have a convincing power.
3. Leader - an entrepreneur must have the charisma to be obeyed by his
employees.
4. Opportunity seeker - an entrepreneur must have the ability to be the first to
see business chances.
5. Proactive - controlling a situation by making things to happen or by
preparing for possible future problems.
6. Risk Taker - they have the courage to pursue their business ideas.
7. Innovative - the entrepreneurs have big business ideas and they do not
stop improving and thinking o f new worthwhile ideas for their business.

Core Competencies in Entrepreneurship

1. Economic and dynamic activity - Entrepreneurship is an economic activity

because it involves the creation and operation of an enterprise with a view to
creating value or wealth by ensuring optimum utilization of limited resources.
2. Innovative - Entrepreneurs constantly look for new ideas, thus he needs to
be creative.
3. Profit Potential - The entrepreneur can be compensated by his profit
coming from the operation.
4. Risk bearing – The entrepreneur needs to gamble but wise enough to
offset the risk.

6
Types of Entrepreneurs

1. Innovative entrepreneur - They are those who always make new things by
thinking of new ideas. They have the ability to think newer, better and more
economical ideas.
2. Imitating entrepreneurs - They are those who don’t create new things but
only
follow the ideas of other entrepreneurs.
3. Fabian entrepreneurs - They are skeptical about changes to be made in
the organization. They don’t initiate but follow only after they are satisfied.
4. Drone entrepreneur - They are those who lives on the labor of others. They
are die-hard conservatives even ready to suffer the loss of business.
5. Social entrepreneurs - They are those who initiate changes and drive
social innovation and transformation in the various fields such as education,
health, human rights, environment and enterprise development.

Career Opportunities of Entrepreneurship

1. Business Consultant - with the expertise of in the field of entrepreneurship,

he can be a very good source of advices to other entrepreneurs and would
be business man.
2. Teacher - a graduate of an entrepreneurship can use his knowledge in
teaching.
3. Researcher - the entrepreneur can be employed as researcher by an
enterprise.
4. Sales - the entrepreneurship graduate can apply as salesman.
5. Business Reporter - the entrepreneur being expert in the field, he can be
employed as business reporter.

7
is What’s More

Activity 2 Self- Assessment

Direction: Find out if you have the qualities of an entrepreneur. Put a check mark
on the box.
Qualities YES NO
Risk Taker
Communicator
Leader
Opportunity Seeker
Proactive
Innovator
Decisive

Interpretation: If you have more YES than NO, you have the
qualities of an entrepreneur.

What I Have Learned

Direction: Define the following terms in your own words.

1. Entrepreneur

2. Entrepreneurship

What I Can Do

Activity 3 Research Me

Research on the life story of at least three (3) successful entrepreneurs in

our country; identify how they started their business. Share their stories.

8
 Assessment

Now, that you are finished accomplishing the module, let us check what
you have learned. Answer the questions given below by encircling the letter of
the correct answer.

1. The entrepreneurs who create new ideas are called?

a. Innovative c. Fabian
b. Imitating d. Drone

2. The entrepreneur who lives on the labor of others is called?

a. Drone c. Imitating
b. Fabian d. Innovative

3. These are entrepreneurs who are to follow the path shown by innovative
entrepreneur.
a. Innovative c. Social Entrepreneurs
b. Imitating d. Fabian

4. Which of the following is NOT a function of an entrepreneur?

a. Skills management c. Conduct research
b. Risk taking d. Make no changes with his product

5. Entrepreneur means:
a. Risk taker c. To research
b. To undertake d. To improve standard of living

6. It is a personality factor which means “doing things even before being told.”
a. proactive c. persuasion
b. perseverance d. initiative

7. It is a personality factor which means convincing customers to buy the

product.
a. Proactive c. Self-confidence
b. Persuasion d. Risk-taker

8. Which of the choices is NOT part of the environmental factors?

9
 c. climate
a. Political
d. family background of the
b. Weather condition
manager

9. All except one does NOT belong to the group?

a. Unfair trade practices c. Political protest
b. Strikes d. Product
10. The entrepreneur who is skeptical about the changes in the company is
called?
a. Fabian c. Drone
b. Social entrepreneur d. Imitating

11. Which is NOT a career for an

entrepreneur?
a. Business consultant c. Research and Development
b. Sales d. Domestic Helper

12. They are entrepreneurs who drive social innovation and

transformation in various fields.
a. Drone c. Fabian
b. Social d. Imitating

13. Which of the statements below is true?

a. Entrepreneur has limited career opportunities.
b. Entrepreneurs are prone to constant high income.
c. Entrepreneurs are contributor to the development of the society.
d. Entrepreneurs are the reasons for unemployment problem.

14. Which of the statement is NOT true?

a. An entrepreneur will patiently wait for his efforts to bear fruit.
b. The profit of the entrepreneur is immediate.
c. All entrepreneurs are successful
d. Entrepreneurs are researchers

15. Which of the following is NOT true?

a. Entrepreneurship create organizations
b. Improves the life of the entrepreneur alone
c. Entrepreneurs improves the economy
d. None of the choices

10
16. Assembles the right team and resources to accomplish goals is included
in what particular skill.
a. Communication Skill
b. Decision Making Skill
c. Business Skill
d. Organization Skill

17. Which is not a characteristic of an entrepreneur?

a. Market Leader
b. Market Player
c. Creates new market
d. Atomistic

18. It is the ability to think through innovative idea and unique strategy with
many variables facing the business.
a. Persuasion
b. Perseverance
c.Creativity
d. Opportunity seeking

19. Which of the following is not true?

a. Entrepreneurs are market players.

b. Entrepreneur uses atomistic approach in dealing with business.
c. Entrepreneur creates innovative market.
d. Entrepreneur practices conventional method for doing things.

20. It involves designing, launching and running a new business.

a. Economic activity
b. Profit potential
c. Risk bearing
d. Management skills

Congratulations! You have successfully completed Module 1. Please

proceed to Module 2 and learn about Recognizing a Potential Market
11
 References

BOOKS

Ronaldo S. Batisan, DIWA Senior High School Series: Entrepreneurship Module. Diwa
Learning Systems Inc.

Angeles A. De Guzman. Entrepreneurship (For Senior High School, Applied subject, ABM
Strand. Lorimar Publishing, Inc 2018, 25 – 26.

Edralin, Divina M. Entrepreneurship. Quezon City: Vibal Group, Inc. 2016, 80 – 83.

Leedy, P. and Ormrod, J. Practical Research: Planning and Design 7th Edition. (Merrill
Prentice Hall and SAGE Publications, 2001),

Nick L. Aduana, Entrepreneurship in Philippine Setting (for Senior High School),

2017 Dr. Eduardo A. Morato Jr., Entrepreneurship, 2016

Angeles A. De Guzman, Entrepreneurship for Senior High School Applied Subject ABM
Strand, Lorimar Publishing,p.1-5

Ronaldo S. Batisan, Entrepreneurship: Diwa Senior High School Series, Diwa Learning
Systems Inc., p. 16-20

Eduardo A. Morato Jr., Entrepreneurship, 1st ed., Manila, Philippines: REX Books
Store,p.13

Nick L. Aduana, Etrepreneurship in Philippine Setting for Senior High School, 2017, C&E
publishing, Inc.p.46-51

Angeles A. De Guzman, Entrepreneurship for Senior High School Applied Subject ABM
Strand,Lorimar Publishing,p.25-26

Raymund B. Habaradas and Tereso S. Tullao,Jr., Pathways to

Entrepreneurship,2016,Phoenics publishing house,p.17-28

Aduana, Nick L. "Chapter 5/Lesson 3 The Marketing Mix." In Entrepreneurship In

Philippine Setting For Senior High School, 184-199. Quezon City, Philippines: C&E
Publishing, 2016.

Aduana,N (2015). Financial statements; Preparation, presentation, analysis and

interpretation, presentation.Quezon City, Philippines: C & E Publishing,Inc.

Angeles A. De Guzman, Entrepreneurship for Senior High School Applied Subject ABM
Strand,Lorimar Publishing,p.25-26

Banastao,C.,& Frias, S.(2008) Entrepreneurship.Quezon City Philippines: C & E

Publishing,Inc.

Nick L. Aduana, Etrepreneurship in Philippine Setting for Senior High School, 2017, C&E
publishing, Inc.p.46-51
Raymund B. Habaradas and Tereso S. Tullao,Jr., Pathways to
Entrepreneurship,2016,Phoenics publishing house,p.17-28

Aduana, Nick L. Entrepreneurship in the Philippine Setting for Senior High School. Quezon
City.C & E Publishsing, Inc. 2016.

Morato, Eduardo A. Entrepreneurship. Manila. Rex Bookstore, Inc. 2016.

12
Batisan, Ronaldo S. Entrepreneurship Module, Diwa Senior Highschool Series, Diwa
Learning System Inc. Legaspi Village, Makati City Philippines, copyright 2016.

Lopez, Rafael Jr. Basic Accounting for Non-Accountants. 2015 Lopez, Rafael Jr.

Fundamentals of Accounting. 2016

Rabo, Tugas, and Salendrez, H.E. Fundamentals of Accountancy, Business and

Management. Vibal Group Inc. 2016

Lopez, Jr. Rafael M. Fundamentals of Accounting, 2014-2015 Edition Morato, Eduard, Jr.

A. Entreprenuership, Rex Bookstore 2016

Teaching Guide for Senior High School, Fundamentals of Accountancy, Business, &
Management 1, CHED in collaboration with PNU

Teaching Guide for Senior High School, Fundamentals of Accountancy, Business, &
Management 2, CHED in collaboration with PNU

Teaching Guide for Senior High School, Business Finance, CHED in collaboration with
PNU

ELECTRONIC RESOURCES

https://articles.bplans.com

https://smartasset.com

https://www.scirp.org/(S(351jmbntvnsjt1aadkposzje))/reference/ReferencesPapers.asp
x?ReferenceID=2026950

https://www.google.com.ph/search?q=what+is+a+supplier+in+business&oq=what+is+a
+sup plier&aqs=chrome.0.69i59j69i57j0l4.6134j0j7&sourceid=chrome&ie=UTF-8

https://www.google.com.ph/search?q=value+chain&oq=value&aqs=chrome.1.69i57j69i
59j0l4.3827j0j9&sourceid=chrome&ie=UTF-8

https://www.google.com.ph/search?ei=IDdFXIaUMtrrwQPKrrqgCA&q=supply+chain&o
q=supp&gs_l=psy-ab.1.0.0i67l8j0l2.337222.338710..340558...1.0..0.512.1404.0j1j3j5-
1......0....1..gws-wiz 0i71j0i131.pwF4FAungm0

https://www.google.com/search?sxsrf=ACYBGNS4jjQJj3vRJDboe06xVydYg9Segg%3
A1580443120499&source=hp&ei=8KUzXqGRHNP7wAO29K2YDg&q=what+is+prototy
pe+product&oq=what+is+prototype&gs_l=psyab.1.1.0i131j0l9.1525.6742..9589 2.0..0
.146.2012.1j16......0....1..gws-wiz.....10..35i362i39j35i39j0i67j0i20i263.Eo6MP-6t984

https://en.wikipedia.org/wiki/Business_model

https://www.google.com/search?sxsrf=ACYBGNSPBhu3TIpORq6cUraQO0W4-
kVv9A%3A1580443131001&ei=-
qUzXo_kPJvZhwPSgpaYDw&q=business+plan&oq=business&gs_l=psy-
ab.1.1.0i131i273l2j0i67l2j0i131i67l2j0i67j0i131l2j0.45360.47333..48595 0.3..0.139.92
0.1j7......0....1..gws-wiz .. 0i71j35i39j0i273j0i20i263.X5Tyn8npzGw

https://www.tutorialspoint.com/entrepreneurship_development/entrepreneurship_devel
opment_process.htm

13
14
15