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CHIVA, N.G.-SS 113 Answer

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Name: CHIVA, NOVEY GRACE B.

Year and Section: BSHM 3B

UNIT 1: INTRODUCTION TO THE STUDY OF ENTREPRENEURIAL MIND & ENTREPRENEURIAL


COMPETENCIES

PRE-ACTIVITY: ENTREPRENEURIAL MIND AND ENTREPRENEURIAL COMPETENCIES

PART 1: MATCHING TYPE

1. E 6. B
2. K 7. C
3. H 8. I
4. A 9. D
5. J 10. F

LESSON 1: THE INTREPRENEURIAL MIND AND ITS ESSENTIAL CHARACTERISTICS

A. WHY INTREPRENEURIAL ACTIVITIES ARE IMPORTANT TO SOCIAL DEVELOPMENT AND


ECONOMY PROGRESS, EXPLAIN.
- An entrepreneurial activity is important because entrepreneurs have the ability to change
the ways we live and work. If we achieve the success, we could possibly improve the
innovation standard of living.
B. IF YOU WERE GIVEN THE OPPORTUNITY TO OWN A BUSINESS, DO YOU THINK YOU WILL BE
CONFIDENT ENOUGH TO MANAGE IT? WHY?
- Yes. I could e a manger or my own business. As a student entrepreneurship can be quite
successful, but starting at university allow a student to gain the necessary life skill and
confidence to make it in the real world.
C. WHAT DO YOU THINK ARE THE MOST IMPORTANT COMPETENCIES ONE MUST POSSESS IN
ORDER TO BE SUCCESSFUL IN RUNNING A CHOSEN BUSINESS? WHY?
- We should be focused in terms of solving problems, the management, and marketing skills.
To have more improve and successful business, you as the owner must possess not only
skills/ competencies but also having a good quality/ characteristics as you are in the highest
position. Planning also helps to maintain the disciplinary action to be taken of in purpose.
D. NAME ONE SUCESSFUL ENTREPRENEURIAL THAT YOU KNOW IN YOUR LOCALITY. WHAT DO
YOU THINK ARE THE ENTREPRENEURIAL COMPETENCIES HE/SHE POSSESSED? MAKE YOURE
YOU WILL BE ABLE TO SHARE WITH THE CLASS THE PEC’s THAT MADE THEM SUCESSFUL.
- Rachel Divinagracia, a graduate student of wvsu-calinog IT department. She undergoes
different hindrances to have a freewill purpose in her life as a graduate. She started to work
at Passi City Save More. For as long she carries all the challenges in the company she
continues to serve as a sales lady. Now she is in the higher position here at calinog Save
More.
Name: CHIVA, NOVEY GRACE B. Year and Section: BSHM 3B

TASK 1: PE’s CHECKLIST

PERSONAL ASSESSMENT IN TERMS OF:


PERSONAL ENTREPRENEURIAL COMPETENCIES OF AN
WEAKNESS/
ENTREPRENEURS STRENGHTS
DEVELOPMENT AREAS
Hardworking
/
- Works diligently
Confident
/
- Self-reliance in one’s ability
Discipline
/
- Always stick to the plan
Committed
/
- Solid dedication
Ability to accept changes
/
- adaptable
Creative
- innovative to have edge over other /
competitors
Profit-oriented
- always looking for an opportunity to have/ /
earn more
Excellent planner
/
- strategic thinking and setting of goals
Possess people skills
- effective and efficient communication skills /
and relates well to people
Sound decision maker
- makes wise decisions towards the set /
objectives
TOTAL 4 6
Name: CHIVA, NOVEY GRACE B. Year and Section: BSHM 3B

UNIT 2: INSIDE THE ENTREPRENEURIAL MIND: FROM IDEAS TO REALITY

HOW MUCH DO YOU KNOW (TRUE OR FALSE)

1. F
2. T
3. F
4. T
5. F

ACTIVITY PROPER: CREATIVITY, INNOVATION AND ENTREPRENEURSHIP

PROBLEM SOLUTION

I forgot to chill A. Let the guest know that the wine is not yet ready

the wine B. Stay calm and relax

1. In your own understanding, how would creativity help an entrepreneur thrive in this ever
competitive economy?
- Creativity help an entrepreneur thrive this ever competitive company to do things unique to
other even if they have the same ideas. It is also necessary to survive in a freely competitive
global economy.
2. There are different barriers to creativity, what can you do o avoid them?
- To avoid the different barriers to creativity, instead of making something specific, set out to
lean to explain pick techniques and some materials, and play around them. Support
innovation by rewarding the employee who develops successful innovators via creative
ideas. Learn from the outside path, experiment and evaluate
3. There are three techniques to improve one’s creative process, among the techniques, which
do you prefer and explain why.
- I will choose preparation because this step involves getting the mind ready for creative
thinking. Preparation might include a formal education. On the job training, work
experience, and taking advantage pf other learning opportunities.
Name: CHIVA, NOVEY GRACE B. Year and Section: BSHM 3B

UNIT 3: CREATING ENTERPRISES

PRE ACTIVITY: CREATING ENTERPRISES

PART 1: MULTIPLE CHOICES

1. C
2. A
3. C
4. C
5. A
6. D
7. A
8. D
9. D
10. D

ACTIVITY PROPER 1: SOLE PROPRIETORSHIP & PARTNERSHIP

1. What would be the advantage and disadvantage of running his own business rather than
working for the computer manufacturer?
- The advantage is that bobby has a rich uncle that has retired business man and the
disadvantage of bobby is his uncle is rich that knows nothing about computers.
2. Should he set up a sole entrepreneurship business?
- Yes because bobby is a single proprietor and his business in informal or unorganized.
3. His uncle would like to become his partner in the business if Bobby decides to go ahead. What
would be the advantages and disadvantages of forming a partnership with his uncle?
- The advantages of bobby when his uncle is his partner in business bobby can ask to his uncle
how to become their business successful because his partner in a retired business man.
While its disadvantages are if his uncle will be his partner their business will not become
successful and will not grow because his uncle doesn’t know in computer management.
Name: CHIVA, NOVEY GRACE B. Year and Section: BSHM 3B

ACTIVITY NO. 2: COOPERATIVE ANDCORPORATION

COOPERATIVE CORPORATION

COMMONALITIES

-Primary organized for service -membership is restricted

-Membership is open and voluntary both depends on - purpose is manly for profit

- Management is more democratic business efficiency to - it is one vote, more, share

-Saving our net profit is refunded survive in a competitive -profit are distributed to the

to the members is the basis of market. Also their activities stockholders on the basis of

of their individual patronage. And operations are regulated the number of shares

- One man vote, with no proxy supervised by the

Voting government. Lastly they

Both enjoy a freedom.


Name: CHIVA, NOVEY GRACE B. Year and Section: BSHM 3B

ACTIVITY PROPER 3: IDENTIFYING BUSINESS OPPORTUNITIES IN THE ENVIRONMENT

NAME OF STORE: NOVIEN’STORE

S – Strong employee attitude.

Excellent customer services, personal relationship with the costumer and high integrity

W – Lock of resources to grow.

New to the industry, high priced expert employees are out of my budget.

O – Good service to costumer.

T – The rise of health living.

Wealthy people may find the fast good chain unappealing.

LESSON 3: GLOBAL OPPORTUNITIES

ACTIVITY PROPER 4: IDENTIFYING BUSINESS OPPORTUNITIES IN THE ENVIRONMENT

The relevance of social media A so called success must see in Being the entrepreneur you
- In today’s time and what your business grown all know how to handle things
age, the importance throughout the travel of right and balance as the
of social media in company in case of service and business is passionate to hold
business is uniqueness. for longer more.
complicated but still
more attraction
must came-up. In
using social media
site to promotes
your business is a
big help in your
part. Most of the
people here in the
Philippines swiping,
scrolling and
reacting different
posts are regularly
been seen. You
could came up into
a bigger part as the
owner of the
company or
business.
Name: CHIVA, NOVEY GRACE B. Year and Section: BSHM 3B

POST ACTIVITY 1: FOUR BUSINESSORGANIZATION

SOLE- PROPRIETORSHIP

1. Sari-sari store
2. Electronic repairing
3. Coffee shop

EXPLANATION:

A sole proprietorship is a form of business owned by a single person, known as the proprietor. Because
one person can organize it, it is also the easiest enterprise to set-up.

PARTNERSHIP

1. SM
2. Meralco
3. Philippine airline

EXPLANATION:

Is a business organization that is an associated of at least two or more person who agree to a place. In
addition a partnership agreement can be oral or written. Although Philippines Law requires a written
agreement when real property is involved or when a limited partnership.

CORPORATION

1. San Miguel
2. Jollibee
3. Total gas station

EXPLANATION:

A corporation is a form of business organization in which the owners have undivided ownership in the
asset of the corporation upon its dissolution and a share in its profit corresponding to the amount o
shares of stock they owned.

COOPERATIVE

1. Rural bank of Calinog


2. Cebu CFI Community
3. Acdi Saving and credit

EXPLANATION:

are the people enterprise owned, controlled and run by and for their members to realize their members
are utilized to their maximum capacity.
Name: CHIVA, NOVEY GRACE B. Year and Section: BSHM 3B

PAST ACTIVITY 2: IDENTIFYING BUSINESS OPPORTUNITIES IN THE ENVIRONMENT AND GLOBAL

OPPORTUNITIES

Modified True or False: Write True if the statement is true and if other change the underline words to
make it correct.

1. CAPITAL
2. True
3. True
4. INTERNATIONAL ENTERPRENEURSHIPS
5. True
6. True
7. BUSINESS INTEREST
8. THREAT
9. True
10. GLOBAL ENTREPRENEURSHIP
Name: CHIVA, NOVEY GRACE B. Year and Section: BSHM 3B

UNIT 4: DEVELOP A BUSINESS PLAN

PRE ACTIVITY:

Task 1 Matching Type

1. E
2. D
3. F
4. H
5. J
6. I
7. A
8. G
9. B
10. C

Activity 1 Video Presentation

Questions:

1. Why do you think Starbucks was a successful company?

- Starbucks was a successful company to the fact that it was able to provide an experience that changed
how much of the world thought about coffee shops and how many of us drink coffee outside our homes.

2. Do you think success comes quickly for most entrepreneurs?

- Yes it is because they know what they are good at they invest in something they know. They think
creatively that’s why they come up as a successful entrepreneur.

3. What do you think Starbucks first business plan included as his vision for the company?

- This corporate vision statement has the following components relevant to the business finest coffee in
the world.

Task 2 Guide Questions:

1. What are the importance and purposes of writing a business plan?

- A business plan is very important and strategic tool for entrepreneur. This are the purposes of business
plan first, to create an effective strategy for growth. Second, to determine your future financial needs
and lastly to attract investors and lenders

2. Describe each component of a business plan.

These are the components of a business plan:

TIMELINE – a timeline sets out the milestone of your business plan

FINANCIAL PLANNING – Created by gathering all components of a business and expressing them in
number.
Name: CHIVA, NOVEY GRACE B. Year and Section: BSHM 3B

OPERATIONS - Operations State the physical requirements of the business:

 Premises
 Equipment
 Production Facilities
 Infrastructure
 Communication facilities
 Costs Involved
 Suppliers

SWOT ANALYSIS - Swot analysis helps you to see how you stand out in the marketplace how you can
grow as a business and where are vulnerable.

COMPETITOR ANALYSIS – Is devoted to analysing your competition both your current competition and
potential competitors who might enter your market.

MARKETING PLAN - It describes market conditions and strategy related to how products and services
will be priced, distributed and promoted. Further, this section covers your market research and
competitor analysis. You must show that you have done the market research to justify the projections
made in your Business plan.

PRODUCT DESCRIPTION – A comparison of the product or service your competitors offer in relation to
yours.

COMPANY BACKGROUND

MISSION STATEMENTS

EXECUTIVE SUMMARY - This section highlights briefly and convincingly the different parts in the business
plan. It sums up the following areas such as:

✓ Purpose and objectives of a plan

✓ Market opportunity,

✓ Management

✓ financial projection and funding requirements. This section should not be completed until the
business plan is written.

Activity 2

1. Write a description of the product or service and its unique features of Starbucks.

- Starbucks, American company that is the largest coffeehouse chain in the world. Its headquarters are
in Seattle, Washington

2. Identify its mission, vision, and objective/s.

Mission – To inspire and nurture the human spirit one person, one cup and one neighborhood at a time.
Name: CHIVA, NOVEY GRACE B. Year and Section: BSHM 3B

Vision – treat people like family and they will be loyal and give their all.

Objectives – In everything we do we are always dedicated to our mission.

3. Describe the market conditions and strategy/ies related to how products and services are priced,
distributed and promoted.

- Starbucks pricing strategy is carefully calculated and based on combination of the target market using a
premium approach to branding.

ACTIVITY PROPER 3:

How to create an effective business plan?

1. What kind of information do you think Michelle needs to gather?

- She must have knowledge or information of components of a business plan in order to start her
business.

2. Where might Michelle find this information and whom might she talk with to learn more about
starting a business?

- She must be aware and resourceful of idea about putting a successful business she must ask the
experts in the field of business.

Assess your Knowledge

1. Why business plan is important in putting up a business?

- A business plan is very important and strategic tool for entrepreneur.

2. Discuss the essential parts of a business plan

 Executive analysis
 Market analysis
 Company overview
 Organizational structure
 Marketing and advertising
 Product service/ and description
 Financial analysis

3. How can you say that your business plan is an effective one?

- When my business is successful.

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