Module No.

1
GRADE 12- ENTREPRENEURSHIP
3rd Quarter- 2nd Semester

INTRODUCTION TO ENTREPRENEURSHIP

Prepared by:
MISS KRISTELA MAE D. CORTALLA

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 CURRICULUM CONNECTIONS

Content Standards
 The learner demonstrates understanding of key concepts, underlying principles,
and core competencies in Entrepreneurship.

Most Essential Learning Competencies (MELCs)

 Discuss the relevance of the course contemporary arts.
 Explore job opportunities for Entrepreneurship as a career

Intended Learning Outcomes (ILOs)

 I can define Entrepreneurship.
 I can enumerate the factors affecting entrepreneurship.
 I can differentiate the different types of entrepreneurs.
 I can describe career opportunities in Entrepreneurship.

Learning Performance Outcomes (LPOs)

 LPO2. I am a courageous, resourceful explorer and problem solver, demonstrating
my creativity and charism.
 LPO5. I am a caring, committed advocate for peace and universal well-being,
impelled by compassion and charity for all.

Essential Performance Outcomes (EPOs)

 EPO3. Learners can describe and explain the new abilities they have developed as
the result of self-initiated learning experiences and projects.
 EPO5. Search voluntarily beyond readily available sources of information,
resources, and standard techniques to generate new understandings towards
workable solutions to existing problems.

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 INTRODUCTION
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.
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.

Below is a thorough instruction on how to go about this module:

Here’s a simple guide for you in

going about the module:
1. Read and follow the instructions carefully.
2. Take the Pre- Test to assess your
knowledge on the lesson prior to the
discussion. This activity will not be
recorded.
3. In the discussion proper, there will be short
activities before and in between
discussions that will serve as ice breaker to
retain your attention in the lesson.
4. After the discussion proper, Deepen and
Transfer activities are provided where your
understanding and comprehension of the
lesson is tested as you apply all the lessons
you learned in the module. Read the
instructions properly and make sure to
follow them, and complete each of the
activities provided.
5. A Post Test in a multiple choice format can
be found after the Transfer activity and will
serve as your quiz in every module. Read
carefully the questions and answer
seriously.
6. Finally, if you have any questions, a space
at the end of the references is provided for
you to write on. For urgent clarifications of
instructions or of the lesson, you can post
a question in our Contemporary Philippine
Arts from the Regions Facebook Group.

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 E
X
P Before starting with this module, let us see what you
L already know about Entrepreneurship. Answer the
O questions below in class. Read the statements carefully
R then identify whether the statement is TRUE or FALSE.
E

____________1. Entrepreneur means “to undertake.”

____________2. Entrepreneurship is a process of actions of an entrepreneur who
is always in search of opportunities.
____________3. The greatest significance of entrepreneurship is to help identify
and develop the managerial capabilities of entrepreneurs.
____________4. Entrepreneurship will lead to the creation of organizations.
____________5. Entrepreneurship can improve the life of the entrepreneur only.
____________6. Coward people will become successful entrepreneur.
____________7. An entrepreneur is a “Risk Taker”.
____________8. Entrepreneurship is not an economic activity.
____________9. Entrepreneurs are innovative.
____________10. Profit potential is the compensation of the entrepreneur.

Lesson
Introduction to
1 Entrepreneurship
Before we will proceed to our lesson, can you tell
me what comes into your mind when you hear the
word Entrepreneur?

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.

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 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
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 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 what is their business ideas.
7. Innovative- the entrepreneurs have big business ideas and they do not stop improving and
thinking of 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- meaning the entrepreneur can be compensated by his profit coming from
the operation.

4. Risk bearing –meaning the entrepreneur needs to gamble but wise enough to offset the
risk.

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 TYPES OF ENTREPRENEURS
1. Innovative entrepreneur- they are those who
always make new things by thinking of new 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 those skeptical.

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 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

the entrepreneur 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 be 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.

Self- Assessment: Find out if you have the qualities

of an entrepreneur. Answer YES if you think you
possess the trait and NO if not. This will be done
during the online class.

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.

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 Open your Aralinks account and answer the activity Module
1- Deepen. You only have until January 9, 2022 to answer
the said activity. Be responsible in answering your online
activities.

DEEPEN

INTERVIEW THE KNOWN

Choose one successful entrepreneur in your community or nearby
places and conduct an online or phone interview using the guide
questions below. Avoid face- to- face interview in compliance of
health protocols. Discuss the result of your interview in an essay.
The following questions must be answered:

1. What motivated you to become an entrepreneur?

2. What do you think are your characteristics and
competencies that made you a successful entrepreneur?
3. What do you think of being employed? Why didn’t you
choose that path?
TRANSFER
Give an introduction of the said entrepreneur, his/ her business
and his/her history in the field of business. Output must provide
photos and an essay with not less than 200 words.

Save your output in JPEG format and post it in our official

Facebook page on or before January 15, 12:00NN.

Don’t Forget: Answer your 10- item Post Test in Aralinks on

January 3, 12:00AM until January 9, 11:59PM. Attempts made
after the said date will not be accepted. Be responsible.

POST TEST

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