First Sem-Week 1 Module 1-Entrep

Score: ______________
Republic of the Philippines

Department of Education
Region VII, Central Visayas
Division of Bohol
ENTREPRENEURSHIP
First Quarter
August 03 – 09
Name: Nicole Cagas Grade/Strand: 12-ABM Barangay:

Pob. Sur
Contact No: 09380772918 Gmail Address: [email protected] FB Name: Nicole
Cagas
Activity No. 1
Topic: Entrepreneurial Competencies

Learning Competency/ies: Explain the core competencies in Entrepreneurship.
Objectives: 1. Define “entrepreneurial competencies”
2. Explore the different entrepreneurial core competencies
3. Describe the factors that affect the entrepreneurial decision-making process
Learning Resources:
https://www.slideshare.net/rarepacer/entrepreneurship-introduction-part-3-core-competencies; Steven
Stosny, Psychologytoday.com
Concept Notes:
What is “ENTREPRENEURIAL COMPETENCIES”?

 The sum total of the personality, skills and knowledge that the entrepreneur possesses which are
necessary to effectively perform their functions and responsibilities.
ENTREPRENEURIAL CORE COMPETENCIES PORTFOLIO

 an index of skills & knowledge necessary to effectively perform entrepreneurial functions and
responsibilities
FUNCTIONAL COMPETENCIES
 are those specific behaviors desired for the effective performance of entrepreneurial duties
Accountancy
Finance
Marketing
Human Resource Management
Organization
Operations
Strategy
CROSS-FUNCTIONAL COMPETENCIES
 Goal and action management (initiative, planning, information gathering,
result-oriented)
 People management (persuasiveness, empathy, negotiation, etc.)
 Analytical reasoning (theory building, conceptual thinking, pattern recognition, visioning, etc.)
A. Fill-in the missing letters to complete the words that will give you the 6 areas of
Entrepreneurial Competencies
1
1. OPPORTUNITY 4. ORGANIZING
2. RELATIONSHIP 5. STRATEGIC
3. CONCEPTUAL 6. COMMITMENT
6 AREAS ENTREPRENEURIAL COMPETENCIES
1. OPPORTUNITY COMPETENCY =>related to recognizing and developing market opportunities

through various means.
2. RELATIONSHIP COMPETENCY => related to person to person or individual to grouped based

interactions, i.e., building a context of cooperation and trust, using contacts and connections, persuasive
ability, communication, and interpersonal skill.
3. CONCEPTUAL COMPETENCY=> related to different conceptual abilities which are reflected in the
behaviors of the entrepreneur, i.e., decision skills, absorbing and understanding complex information, risk-
taking and innovativeness.
4. ORGANIZING COMPETENCY => related to the organization of different internal and external human,
physical, financial, and technological resources, including team building, leading employees, training and
controlling.
5. STRATEGIC COMPETENCY => related to setting, evaluating, and implementing the strategies of the
firm
6. COMMITMENT COMPETENCY => competencies that drive the entrepreneur to move ahead with the
business.
2
B. In your personal life, where do you base your decisions?
____________________________________________________________________________________________
____________________________________________________________________________________________
____________________________________________________________________________________________
3
C. What competency do you thinks is a must-have for entrepreneurial innovations?
____________________________________________________________________________________________
____________________________________________________________________________________________
____________________________________________________________________________________________
____________________________________________________________________________________________
____________________________________________________________________________________________
____________________________________________________________________________________________
CREATIVE THINKING
 Regardless of definition of success, there are a great number of common characteristics that are shared by
successful entrepreneurs. Entrepreneurial process shows that creative thinking is a must have skill of an
entrepreneur for the creation of new ideas.
Post Lesson Activity
Describe the kind of factor that affected decision-making in each situation.
1. Cardo immediately rejected the offer of a new supplier because he knew that the supply manager was a longtime
rival.
2. Aliana decided to sell her company’s computer system because she thinks this is causing the poor performance of
her company.
3. Teddy decided not yet to pursue the poultry business because he first wanted to see valid information or data if
this type of business would succeed or not. 4. Flora has witnessed how her product’s sales declined in the past due to
the change in price. Now she wanted to know if the sales will boost this time by preparing three different product
strategies
Answers:
1. _________________________
2. _________________________
3. _________________________
Email Address: [email protected]

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Score: ______________

Republic of the Philippines

Name: Nicole Cagas Grade/Strand: 12-ABM Barangay:

Topic: Entrepreneurial Competencies

What is “ENTREPRENEURIAL COMPETENCIES”?

ENTREPRENEURIAL CORE COMPETENCIES PORTFOLIO

6 AREAS ENTREPRENEURIAL COMPETENCIES

1. OPPORTUNITY COMPETENCY =>related to recognizing and developing market opportunities

2. RELATIONSHIP COMPETENCY => related to person to person or individual to grouped based

Post Lesson Activity

Describe the kind of factor that affected decision-making in each situation.

Email Address: [email protected]

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