FIRST QUARTER

MODULE 1 Introduction of Entrepreneurship

WEEK 1
I. INTRODUCTION
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 this module, you are expected to:
A. discuss the relevance of the course;
B. explain the key concepts of common competencies;
C. explain the core competencies in Entrepreneurship; and
D. explore job opportunities for Entrepreneurship as a career.
II. CONCEPT/S TO BE LEARNED

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
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.

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 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.

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. These are people who follow the path show by innovative entrepreneurs
3. Fabian entrepreneurs- they are those skeptical. They don’t initiate but follow only after they are
satisfied. They are skeptical about changes to be made in the organization.
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. They are people who drive social innovation and
transformation in various fields including education, health, human rights and many others

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.

III. GENERALIZATION

 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.

REFERENCES:
Yacas, J, et al. (2020). Entrepreneurship – Grade 12. Department of Education – Bureau of Learning Resources (DepEd-BLR) Office
Address: Masterson Avenue, Upper Balulang, Zone 1, Cagayan de Oro City, Cagayan de Oro, Lalawigan ng Misamis Oriental

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 ACTIVITY SHEET
Date: _____________

Name: ______________________________________Grade/Section: _________Score: 30

Activity 1: Let Me Know

Direction: 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. You can search on internet and do not
forget to write your sources/references. [5 points]

1.________________________________________ Sources/references:
2. ________________________________________
3. ________________________________________
4. ________________________________________
5. ________________________________________
Competencies of Entrepreneurs
1. What characteristics that you can observe or see that is common to them? [4 points]
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2. Who among the entrepreneurs you mentioned that you admire most and why? [3 points]
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3. In your own opinion, what do you need to possess to become a successful entrepreneur? [3 points]
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Activity 2 Interview the Known

Direction: Choose a successful entrepreneur in your community or nearby places and conduct an interview
using the guide questions below. [15 points]

Name of the entrepreneur: ____________________________________________________

Name of his/her business: ____________________________________________________

1. What motivated you to become an entrepreneur?

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2. What do you think are your characteristics and competencies that made you a successful entrepreneur?
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3. What do you think of being employed? Why didn’t you choose that path?

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 WORKSHEET No. 1
Date: _____________

Name: ______________________________________Grade/Section: _________Score: 30

I. Read the statements carefully then write TRUE if the statement is correct & write FALSE if you think the
answer is not correct. Then, write your answer on the blanks provided. [1 point each]
____________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.
____________11. An entrepreneur can become a business consultant.
____________12. An entrepreneur can also be a researcher.
____________13. An entrepreneur can also become a salesman.
____________14. Entrepreneurship graduates can become a business reporter.
____________15. The entrepreneur could easily see the results of his efforts.

II. MULTIPLE CHOICE. Select only the letter that will best satisfy the statement. [1 pt each]
______1. The entrepreneurs who create new ideas are called?
a. Innovative b. Imitating c. Fabian d. Drone
______2. The entrepreneur who lives on the labor of others is called?
a. Drone b. Fabian c. Imitating d. Innovative
______3. These are entrepreneurs who are to follow the path shown by innovative entrepreneur.
a. Innovative b. Imitating c. Social Entrepreneurs d. Fabian
______4. Which of the following is NOT a function of an entrepreneur?
a. Skills management b. Risk taking
c. Conduct research d. Make no changes with his product
______5. Entrepreneur means:
a. Risk taker b. To undertake
c. To research d. To improve standard of living
______6. It is a personality factor which means “doing things even before being told”
a. proactive b. perseverance c. persuasion d. initiative
______7. It is a personality factor which means convincing customers to buy the product
a. Proactive b. Persuasion c. Self-confidence d. Risk taker
______8. Which of the choices is NOT part of the environmental factors?
a. Political b. Weather condition
c. climate d. family background of the manager
______9. All except one does NOT belong to the group?
a. Unfair trade practices b. Strikes c. Political protest d. Product
______10. The entrepreneur who is skeptical about the changes in the company is called?
a. Fabian b. Social entrepreneur c. Drone d. Imitating
______11. Which is NOT a career for an entrepreneur?
a. Business consultant b. Sales c. Research and Development d. Domestic
Helper
______12. They are entrepreneurs who drive social innovation and transformation in various fields.
a. drone b. Social entrepreneur c. Fabian 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

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Compiled by: Namerah M. H. Ali and Asmalia Dida-agun-Medal