The following are some reminders in using this module:

1. Use the module with care. Do not put unnecessary mark/s on any part of
the module. Use a separate sheet of paper in answering the exercises.
2. Don‟t forget to answer What I Know before moving on to the other activities
included in the module.
3. Read the instruction carefully before doing each task.
4. Observe honesty and integrity in doing the tasks and checking your
answers.
5. Finish the task at hand before proceeding to the next.
6. Return this module to your teacher/facilitator once you are through with it.
If you encounter any difficulty in answering the tasks in this module, do not hesitate
to consult your teacher or facilitator. Always bear in mind that you are not alone.
We hope that through this material, you will experience meaningful learning and
gain deep understanding of the relevant competencies. You can do it!

What I Need to Know?

This module was written for you to accomplish at home. It was carefully
designed so that you can work at your own pace and allow self-discovery of the
concept through activities that you will perform. Activities were also selected to
allow independent learning which also aims to develop your reading comprehension
skills through understanding written texts. It covers many different learning
situations where you can relate your personal experiences on different practical
scenarios about Entrepreneurship.

After going through this module, you are expected to:

1. Increase your knowledge about entrepreneurship.
2. Determine the relevance of Entrepreneurship to your everyday life and to
the society as a whole.

What I Know?

To check your prior knowledge about the topic, and to solicit the questions
that you want to know about it, fill in the Know and Want to know components of
the Know-Want to know- Learned (KWL) chart legibly. For the Know component,
you may write word/s or phrase. For the want to know component, state your
responses in interrogative or question form. You may list as many responses as you
want for each component. Write your responses on a yellow paper.

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 KWL Chart
Topic Know Want to know Learned

Concept of
Entrepreneurship

Relevance of
Entrepreneurship
to your everyday
life

Guide Questions
1. Based on what you have written on the Know component of the chart,
what do you know about entrepreneurship and its relevance to your
everyday life and to the society as a whole?

2. If you were to think of a question that you want to ask about

entrepreneurship and its relevance to your everyday life and to the society as
a whole?

What’s In

The word “entrepreneur” is derived from the French verb enterprendre,

which means „to undertake‟. This refers to those who “undertake” the risk of new
enterprises. An enterprise is created by an entrepreneur. The process of creation is
called “entrepreneurship” (www.yourarticlelibrary.com).

DIRECTIONS: After you have filled-in the K and W components of the

chart and answered the guide questions, please answer the diagnostic
assessment below.

DIAGNOSTIC ASSESSMENT
Identification. Read carefully the statements below and identify whether this refers to
Entrepreneurship or Entrepreneur. Write your answer in a yellow
paper.

1. A person who undertakes the risk of starting a new business venture.

2. It is high-risk, but also can be high-reward as it serves to generate economic
wealth, growth, and innovation.
3. Creates a firm, which aggregates capital and labor in order to produce goods
or services for profit.
4. It is an important driver of economic growth and innovation.
5. Creates a business plan, hire labor, acquire resources and financing, and
provide leadership and management for the business.

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 What’s New?

Entrepreneurship is one of the resources economists categorize as integral

to production; the three resources are land/natural resources, labor and capital.
An entrepreneur combines these three to manufacture goods or provide services.
They typically create a business plan, hire labor, acquire resources and financing,
and provide leadership and management for the business (www.investopedia.com).

Definition of Terms: To fully understand this module, please read

carefully the definitions in column A and match it with the word/phrase
in column B. Write your answer in a yellow paper.

Column A Column B
1. It involves developing new products or improving existing A. Livelihood
technologies, processes, designs and marketing to solve
problems, increase efficiency, reach new customers, and
ultimately increase profits.
2. Involves sale or lease of any product, service, equipment, B. Entrepreneurship
etc. that will enable the purchaser-licensee to begin a
business.
3. Refers to the act of creating a business or businesses C. Social Change
while building and scaling it to generate a profit.
4. Refers to their "means of securing the basic necessities D. Socioeconomic
(food, water, shelter and clothing) of life".
5. The system of production, distribution and consumption. E. Business
The overall measure of a currency system; as the Opportunity
national economy.
6. Is a person who sets up a business with the aim to make F. Business Venture
a profit.
7. Refers to any significant alteration over time in behavior G. Relevance
patterns and cultural values and norms.
8. Related to the differences between groups of people H. Business
caused mainly by their financial situation. Innovation
9. It is a new business that is formed with a plan and I. Entrepreneur
expectation that financial gain will follow. It is usually
formed out of a need for a service or product that is lacking
in the market.
10. It is simply the noun form of the adjective "relevant," J. Economy
which means "important to the matter at hand."

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 What is It

Take a deep breath then you may start reading the lesson 1 and 2
below about the overview of entrepreneurship and its relevance to SHS
Students.

Lesson
Overview of Entrepreneurship
1

Meaning of Entrepreneurship and Entrepreneur (www.investopedia.com,

www.reference.com, www.europeanentrepreneurship.com)

Entrepreneurship is…

 The act of creating a business or businesses while building and scaling it

to generate a profit.
 An important driver of economic growth and innovation.
 What people do to take their career and dreams into their hands and lead
it in the direction of their own choice.
 About building a life on your own terms. No bosses. No restricting
schedules. And no one holds you back.

An entrepreneur is…

 A person who sets up a business with the aim to make a profit and
creates a new business, bearing most of the risks and enjoying most of
the rewards.
 An innovator, a source of new ideas, goods, services, and business/or
procedures.
 Playing a key role in any economy, using the skills and initiative
necessary to anticipate needs and bring good new ideas to market.

Note: Understanding what an entrepreneur is can help more people

recognize the value they contribute to the world. Entrepreneurs take the idea
and execute it while entrepreneurship is about execution of ideas.

Entrepreneurship in the Philippines (Batalla, V. (2011)

The notion of the entrepreneur as simply one who forms and manages
business is apparent in government programs that attempt to develop small-scale
industries. In the Philippines, many entrepreneurial development-training
programs rest on such assumptions. But even without the presence of government
support, the statistics for the past fifty years or so on the number of business
establishments formed every year would generally show an increasing trend. They

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were mostly in food processing, property development, and trade (including
shopping malls).

In 2005, the top 50 Philippine corporations in terms of sales could be

broken down into 22 private domestic firms, 23 foreign firms, and 5
government-owned and/or controlled corporations (BizNews Asia 2007as cited
by Batalla, V., 2011). The 22 companies could be identified with 11 families
and individuals, mostly Filipinos of Chinese ethnic background. The 11 families
and individuals were the Zobel family (Ayala), the Lopez clan, Lucio Tan, Henry
Sy, John Gokongwei, Alfonso Yuchengco, Eduardo Cojuangco Jr., Jose Yao
Campos (Unilab Group of Companies), George Ty (Metrobank), Mariano Que
(Mercury Drug), and Tony Tan-Caktiong (Jollibee).

Lesson Relevance of Entrepreneurship to

2 SHS Students
Importance of Entrepreneurship (www.reference.com)

1. Entrepreneurship generates new wealth in an economy.

2. Entrepreneurship decreases poverty.
3. It creates opportunities, ensures social justice, instills confidence and
stimulates the economy.
4. Entrepreneurship improves productivity
5. Entrepreneurs create jobs.
6. Entrepreneurs innovate.
7. Entrepreneurs create innovation and social change
8. Entrepreneurs give to society

Relevance of Entrepreneurship to SHS Students

(www.europeanentrepreneurship.com)

1. To prepare students for livelihood even before college.

2. Entrepreneurship education aids students from all socioeconomic
backgrounds to think outside the box and nurture unconventional talents
and skills.
3. Entrepreneurship develops their initiative and helps them to be more
creative and self-confident in whatever they undertake and to act in a
socially responsible way.
4. It exposes students to numerous opportunities to learn how to think
critically and analyze the pieces on the board.
5. Being aware of all the important factors and seeing how they affect each
other is the foundation of a smart decision-making process.
6. Students have to be exposed to real-world examples and learn from their
own experience.
7. Entrepreneurship education requires students to be innovative, creative and
collaborative with others.
8. Entrepreneurship education provides budding entrepreneurs with the skills
and knowledge to come up with business ideas and develop their own
ventures.

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 What’s More

LET US HAVE SOME FUN!

Independent Activity 1. Picture Analysis. Analyze the picture below then answer
the corresponding guide questions. Write your answer in a yellow paper.

https://images.search.yahoo.com

Guide Question: What appropriate product and/or business that can be

conceptualized during this COVID -19 pandemic? Write as many in bullet form in a
yellow paper.

Independent Activity 2. Enumeration. Give what is asked in the items below.

Write your answer in a yellow paper.

Items Answer
A.
1. Give the three (3)
B.
business resources
C.
2. Give three (3) A.
importance of B.
Entrepreneurship to C.
the economy.
3. Give three (3) relevance A.
of Entrepreneurship to B.

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 the you as a student C.
4. Give three (3) known A.
families who owned the B.
big Corporations in the C.
Philippines.
5. Give three A.
characteristics of an B.
Entrepreneur. C.

What I Have Learned?

You have to fill in the L component of the KWL chart to generalize the
things you have learned about the topic. Write your answer in a yellow
paper.
KWL Chart
Topic Know Want to know Learned
Overview of I have learned that
Entrepreneurship ….

Relevance of
Entrepreneurship
to SHS Students

What I Need to Reflect

Embarking on the entrepreneurial career path to “being your own

boss” is exciting. But along with all your research, make sure to do your
homework about yourself and your situation (investopedia.com).

A Few Questions to Ask Yourself (ww.investopedia.com)

 Do I have the personality, temperament, and mind-set of taking on the
world on my own terms?
 Do I have the required ambiance and resources to devote all my time
to my venture?
 Do I have the required network to seek help and advice as needed?
 Have I identified and built bridges with experienced mentors to learn
from their expertise?
 Have I identified my target customer base for the initial phase?
 Have I identified sales and distribution channels?

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  Who are the funding sources I may need to approach to make this
big?
 What technical infrastructure do I need?

What I Can Do?

DIRECTIONS: After you have filled-in the L component on the chart,

please work on the WORK IN PROGRESS

You are tasked to conceptualize your future business plan which you can work
on as we discuss our next lessons and later you may venture into after finishing
this subject.

Congratulations! You are almost done in this lesson. Please proceed

to the next part which is the assessment.

Assessment

FORMATIVE ASSESSMENT

Multiple Choice: Read and answer each statement carefully then

write the letter of the best answer on a separate sheet of paper.

1. Who acts as a coordinating agent in a capitalist economy?

A. Manager C. Entrepreneur
B. Finance Officer D. Broker
2. Which of the following is not a definition of Entrepreneurship?
A. It creates opportunities, ensures social justice, instills confidence and
stimulates the economy.
B. It is an important part of the economic growth strategies of many local
and national governments around the world.
C. Refers to a person who sets up a business with the aim to make a profit.
D. The act of creating a business or businesses while building and scaling it
to generate a profit.
3. Which of the following is a relevance of Entrepreneurship to SHS Students?

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 A. It generates new wealth in an economy.
B. It aids students from all socioeconomic backgrounds to think outside the
box.
C. It creates opportunities and ensures social justice.
D. It creates job.
4. Which statement is not correct about the status of entrepreneurship in the
Philippines?
A. The number of business establishments formed every year would
generally show an increasing trend.
B. N-entrepreneurs are people who can secure resources such as technology
and information to gain distinct, sustainable, competitive advantages.
C. In 2005, the top 50 Philippine corporations in terms of sales could be
broken down into 25 private domestic firms, 20 foreign firms, and 5
government-owned and/or controlled corporations.
D. The 22 companies could be identified with 11 families and individuals,
mostly Filipinos of Chinese ethnic background.
5. Which of the following words is not associated with entrepreneur?
A. innovative C. collaborative
B. impulsive D. Creative

Congratulations!!! You are done in this module. You may now

proceed in the next module. See you next time…

Additional Activities

DIRECTIONS: In the table below, write down at least five (5)

sentences why you want to become an Entrepreneur someday.

The following motivates me to become an entrepreneur someday:

1.
2.
3.
4.
5.

References
Book

Teacher guide donated by Higher Education Department to DepEd

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