Entrep DLL W2
Entrep DLL W2
Entrep DLL W2
The learner independently The learner independently creates/provides The learner independently The learner independently
creates/provides a quality and marketable a quality and marketable product and/or creates/provides a quality and creates/provides a quality and
B. Performance product and/or service in Entrepreneurship service in Entrepreneurship as prescribed in marketable product and/or service in marketable product and/or service in
Standards as prescribed in the TESDA Training the TESDA Training Regulation Entrepreneurship as prescribed in the Entrepreneurship as prescribed in the
Regulation TESDA Training Regulation TESDA Training Regulation
III. LEARNING List the materials to be used in different days. Varied sources of materials sustain children’s interest in the lesson and in the learning. Ensure that there is a mix of concrete and manipulative
RESOURCES materials as well as paper-based materials. Hands-on learning promotes concept development.
A. References
1. Teacher’s Guide
pages
2. Learner’s Material
pages
3. Textbook pages
4. Additional
Materials from
Learning Resource
portal
B. Other Learning
Resources
A. Reviewing
previous lesson or
presenting a new
lesson
“The entrepreneur always searches for “What is emerging today is a class of “Entrepreneurship is the best means for
change, responds to it and exploits it as an professional entrepreneurs who rely youth to adapt to a changing and highly
opportunity.” (Peter Drucker) more upon their brains than their guts--- competitive job market in both rural
and who have been trained to use both and urban areas around the world”
B. Establishing a The evolution of the field of methods and technology to analyze the (OECD)
purpose for the entrepreneurship has been formulated by business environment.” (Dollinger)
lesson scholars based on theories that are rooted
in economics, psychology, sociology,
anthropology and management.
C. Presenting Entrepreneurship has an enormous DEFINITION OF ENTREPRENEUR ENTREPRENEURIAL COMPETENCIES ENTREPRENEURSHIP CAREER
examples/instances impact on the economy and in the OPPORTUNITIES FOR THE ACADEMIC
of the new lesson society. Globally, the level of 1. From an economist’s point of view Facilitate opportunity recognition, TRACK
entrepreneurial activity has contributed It is someone who brings resources, help adapt rapidly to changes,
labor, materials and other assets enhance business performance, 1. Business Consultant – people
significantly to the national level of
into combinations that make their strengthen the firm’s competitive who can go to a client site,
economic growth of many countries. value greater than before position identify problems and fix
It is also someone who introduces stir the achievement of them
changes, innovations and a new organizational success. 2. Sales – knows how to
order. The sum total of the personality,
2. From a psychologist’s point of view skills and knowledge that the represent a company,
A person who is typically driven by entrepreneur possesses which are manage accounts and follow
certain forces such as the need to necessary to effectively perform up on leads.
obtain or attain something, to their functions and responsibilities 3. Research and Development –
experiment, to accomplish or According to Lau, Man and Chan the need to understand
perhaps to escape the authority of (1999), entrepreneurial business concepts, systems,
others. competencies are considered a procedures and practices.
3. From a management perspective higher level characteristic 4. Not-for-profit-fundraiser –
It is someone who identifies encompassing personality traits, understanding the
opportunities, plans, mobilizes skills and knowledge. importance of business and
resources, manages and assumes Can be seen as the total ability of networking relationships
the risks of a business to have a the entrepreneur to perform a job 5. Teacher – teach students how
positive impact on society. role successfully. to increase their
entrepreneurial intention
through acquiring the attitude
towards entrepreneurship
6. Talent recruiter – someone
being not just people savvy
but having an in-depth
business sense as well.
7. Business reporter – one can
write articles is in a prime
position to take the lead on
covering a local business beat.
8. New Venture Creation –
launching a company, buying
a business or franchise,
starting a new venture in a
family enterprise or
commercializing a technology
9. Careers in existing
entrepreneurial ventures –
working for a startup, small
business,
D. Discussing new ENTREPRENEURIAL ACTIVITIES EMERGING CHARACTERISTICS OF ENTREPRENEURS’ COMPETENCIES
concepts and ENTREPRENEUR PORTFOLIO
practicing new skills Entrepreneurial activity responds to
policies that ensure the
#1 protection of new ideas, facilitate
access to capital and talent,
allow the management of risks
There are many efforts in various
countries to uplift the lives of its
citizens.
Entrepreneurship is one of the key
engines of economic growth
Entrepreneurship is perceived to be
the symbol of business innovation,
determination, perseverance and
achievement.
It is a catchword in this era of
globalized economy
It is a foundation and catalyst for
economic growth and innovation
across nation
Small and Medium Enterprises
(SMEs) are concrete manifestations
of entrepreneurship.
Joseph Schumpeter, an Austrian
economist, was the one who first PERSONAL CHARACTERISTICS ATTRIBUTED
10. The Functional Competencies are
articulated the importance of TO ENTREPRENEURS
those skills, organized into clusters,
entrepreneurship to the economy
regarding the main areas of
and in the society in 1934. Confidence
managerial knowledge such as
DEFINITION OF ENTREPRENEURSHIP Flexibility
accountancy, finance, control,
FROM EARLY ON TO PRESENT Need to achieve
marketing, HR management,
Responsibility
organization, operations,
ENTREPRENEURSHIP Commitment
internationalization, strategy and
Creativity
other capabilities that enable the
Knight 1921 – having profits from Persevering
entrepreneur to manage the
bearing uncertainty and risk Goal-oriented
organization.
Schumpeter 1934 – carrying out of Realistic
11. The Emotional Competencies are
new combinations of firm Sincere
those specific behaviors grouped
organization—new products, new Hardworking
into five clusters namely: self-
services, new sources of raw Visionary
awareness, self-management, social
material, new methods of Disciplined
awareness, relationship
production, new markets, new forms Feedback seeking
management and cognitive
of organization Moderate risk-taker
competencies.
Hoselitz 1952 – uncertainty bearing… COMMON PROFILE DIMENSIONS OF
12. The Cross-Functional Competencies
coordination of productive ENTREPRENEUR APPLICABLE EVEN AMONG are those broad overall skills that
resources… introduction of FILIPINO ENTREPRENEURS are grouped into goal and action
innovations and provision of capital. management cluster, people
Cole 1959 – purposeful activity to Calculated risk-taking is doing management cluster and analytical
initiate and develop a profit oriented everything possible to get the odds in reasoning cluster
business. their favor, often avoiding taking THE SIX COMPETENCIES
McClelland 1961 – taking moderate unnecessary risks.
risk Commitment is the unwavering Opportunity competencies –
Shapero 1975 – a kind of behavior dedication to work for the common related to recognizing and
that includes : initiative taking, good of the society through one’s developing market opportunities
organizing or reorganizing of social business through various means
economic mechanisms to turn Feedback-seeking is the taking of steps Relationship competencies –
resources and situations to practical to know how well they are doing and related to person to person or
account and the acceptance of risk how they might improve their individual to grouped based
failure performance.
Casson 1982 – decisions and Perseverance is the determination to interactions, i.e., building a context
judgements about the coordination succeed by overcoming obstacles and of cooperation and trust, using
of scarce resources. setbacks contacts and connections,
Ronstadt 1984 – dynamic process of Drive to achieve is the internal desire persuasive ability, communication
creating incremental wealth. This to pursue and attain challenging goals and interpersonal skill.
wealth is created by individuals who Self-confidence is the belief that Conceptual competencies – related
assume the major risks in terms of together with the other people, things to different conceptual abilities
equity, time and/or career can be done in the business. which are reflected in the behaviors
commitment of providing value for Opportunity orientation is the constant of the entrepreneur, i.e., decision
some product or service. The product awareness of opportunities that exist skills, absorbing and understanding
or service itself may or may not be in everyday life. complex information, risk-taking
new or unique, but value must Innovativeness is the ability to come and innovativeness
somehow be infused by the up with something different or unique Organizing competencies – related
entrepreneur by securing and every time. to the organization of different
allocating the necessary skills and Responsibility is their willingness to put internal and external human,
resources. themselves in situations where they physical, financial and technological
Drucker 1985 – behavior rather than are personally responsible for the resources, including team building,
personality trait. Its foundation lies in success or failure of the business leading employees, training and
concept and theory rather than in operation. controlling
intuition. Tolerance for failure is using it as a Strategic competencies – related to
Gartner 1985 – creation of new learning experience setting, evaluating and
organizations HOW ENTREPRENEURS THINK implementing the strategies of the
Hisrich & Brush 1985 – process of firm
creating something new with value Actuate self-assessment and choose Commitment competencies –
by devoting the necessary time and course of action competencies that drive the
effort; assuming the accompanying Generate multiple decision models entrepreneur to move ahead with
financial, psychic and social risks and Learn from failure the business.
uncertainties; and receiving the
resulting rewards of monetary and
personal satisfaction.
Stevenson & Grousebeck 1989 –
pursuit of opportunity without
regard to resources currently
controlled.
Hart, Stevenson and Dial 1995 –
pursuit of opportunity without
regard to resources currently
controlled, but constrained by the
founders’ previous choices and
industry related experience.
Shane 2003 – an activity that involves
the discovery, evaluation and
exploitation of opportunities to
introduce new goods and services,
ways of organizing, markets,
processes and raw materials
thorough organizing efforts that
previously had not existed.
Kuratko 2009 – dynamic process of
vision, change and creation that
requires an application of energy and
passion toward the creation and
implementation of new ideas and
creative solutions.
Dyck and Neubert 2012 – conceiving
an opportunity to offer new or
improved goods or services, showing
the initiative to pursue that
opportunity, making plans,
mobilizing the resources necessary to
convert the opportunity into reality.
E. Discussing new CONTRIBUTIONS OF ENTREPRENEURSHIP Entrepreneurs makes sense of 1. The students educated choice
concepts and TO THE ECONOMY AND SOCIETY complex situations more quickly of Technical-Vocational track
and take more conventional would ensure their
practicing new skills
1. Create employment approaches in making decisions. motivation, lead to better
#2 Entrepreneurs’ critical and creative achievement of the required
2. Develop new markets
3. Introduces innovation skills are utilized in decision making. skills, both personal and
4. Generates new sources of materials FACTORS THAT DETERMINE THE technical and increase their
5. Stimulates investment interest in the ENTREPRENEURIAL DECISION-MAKING opportunities to enjoy
new business ventures being created PROCESS satisfaction in their jobs and
6. Improves the quality of life life.
7. Serves as role models 1. Rational/scientific method in 2. They will continue to use their
8. Brings social benefits to the people decision making – this involves the acquired entrepreneurial
9. Utilizes and mobilizes indigenous use of standard six-step process to skills in mastering skills and
resources arrive at a decision. This scientific acquiring knowledge that
10. Provides more alternatives for method requires the use of would enable them to
consumers management quantitative become self-employed ,
techniques such as forecasting establish their own business
using time series or growth rate or become more productive
analysis, sensitivity analysis of in paid employment. They can
financial data regression and be electrician, technical
correlation for market demands support specialist, tool-
and PERT-CPM (Program Evaluation keeper and technician
Review Technique = Critical Path
Method) for production and
distribution data.
Identify the problem
Gather data
Analyze data
Formulate alternative solutions
Select the best alternative
Implement the decision
2. Use of intuition in decision-making
– this pertains to the use of “gut-
feel” to arrive at a decision
3. Affect infusion – this suggests that
entrepreneurs’ current moods
influence judgments or decisions by
influencing the ease with which
information consistent with positive
or negative moods can be brought
to mind.
4. Attribution style – this refers to the
entrepreneurs’ self-serving bias
which are related to:
Strong tendency on the part of
most entrepreneurs to attribute
positive outcomes to internal
causes, i.e., skill, talent, good
judgment or hard work
Corresponding tendency of the
entrepreneurs to attribute
negative outcomes to external
cause, i.e., high inflation rate,
obsolete machine, unavailability
of raw materials or unreliable
suppliers.
5. Counterfactual thinking – this is
understood as an “afterthought in
decision making in which the
procedures followed to perform the
task are discussed and various
alternatives that could have been
followed are considered.”
6. Over-confidence – this refers to the
tendency of the entrepreneurs to
think that they know more than
what they really know when they
make the decision
7. Knowing style – this is the
combination of ‘analytical and
conceptual thinking”, where the
entrepreneurs look for facts and
data before they make decisions.
8. Creative style – this is characterized
by “holistic and conceptual
thinking, entrepreneurs who uses
this style tend to be creative and
enjoy experimentation before
making decisions.
F. Developing EXAMPLES OF ENTREPRENEURSHIP IN 10
mastery (Leads to COUNTRIES
Formative
Assessment) 1. United States – noted to be one of
the friendliest countries for
entrepreneurs, home to Apple,
Google, Starbucks, Walmart and Walt
Disney
2. China – home to budding
entrepreneurs who manufacture
different products that range from
toys, gadgets, electronics and cars; a
lot of products have generic brand
names
3. Singapore – literally a small country
that controls a significant portion of
the economy in Asia, home to
entrepreneurs who innovate on
existing services for local and
international use.
4. Canada – entrepreneurs here are
exploring opportunities over the
internet such as the people from a
region called Sanikiluag, known for
their wood carving skills and
entrepreneurs are selling their
products online.
5. India – one of the countries in the
Asia Pacific rim with a strong base of
entrepreneur organizations led by
the youth and women.
6. Taiwan – entrepreneurship here is
encouraged through the small and
medium enterprise incubation
centers for the purpose of nurturing
young firms, new products and
technologies.
*** incubators – provide space,
facilities, hands on management
assistance and access to technologies
and financing to clients, helping them
to survive and grow during the start-
up period.
7. Hongkong – with the knowledge
based economy, it utilizes its human
resources to make its economy the
best possible through
entrepreneurship such as activities
related to tourism and agricultural
exports which receives strong
support from government and
private sector.
8. Thailand – the extent of government
support to entrepreneurs is very
evident, in its international airport in
Bangkok, a huge section is subsidized
by the Bureau of Small and Medium
Enterprises for the promotion of
local products. Tourism for the
international markets and
agricultural exports are two major
sources of income of Thai
entrepreneurs.
9. Malaysia – this country is becoming
friendlier to entrepreneurs which is
apparent in the growing numbers of
businesses which decided to locate
here.
10. South Korea – it emerged from the
Asian financial crisis better than any
other country in the region, home to
Samsung and Kia.
Move around in your barangay. Record 5 Together with group mates, explain either Choose one among the six competency
either micro, small or medium enterprises by illustration or discussion the meaning of areas of entrepreneurial competencies,
I. Evaluating that have been established there for at “entrepreneurial mind set”. Report in front explain.
learning least five years. Find out the effects of of the class.
their presence in your community.
Look for a woman entrepreneur in your Discuss the use of intuition in Explain the career opportunities open to
J. Additional
community. Ask her about the reasons for entrepreneurial decision making graduates of entrepreneurship
activities for
her engaging in entrepreneurship. Report
application or
in class what you have gathered.
remediation
V. REMARKS
VI. Reflect on your teaching and assess yourself as a teacher. Think about your students’ progress this week. What works? What else needs to be done to help the students learn? Identify what help
REFLECTION your instructional supervisors can provide for you so when you meet them, you can ask relevant questions.
E. Which of my teaching
strategies work well? Why
did these work?
F. What difficulties did I
encounter which my
principal or supervisor help
me solve?
G. What innovation or
localized materials did I
use/discover which I wish to
share with other teachers?