Magallanes, Alexandrei B. Mrs.

Victoria Flores
STEM 12-C

Entrepreneurship
MODULE 1

What's More
1. Describe entrepreneurship.
It is about the execution of ideas in order to build a
business. It is also an act of a person also known as an
entrepreneur that always seeks something new ideas that
are crucial in gaining vital opportunities in a way of facing
the riskiness and uncertainty of the enterprise. Entrepreneurship
refers also to the idea of establishing and running a business
through a business attempt in order to increase profits. In line with this,
it is typically involves greater risk than is typical when beginning a business,
and this risk may involve considerations other than just financial ones.

2. What are the three (3) types of entrepreneurial enterprise?

An enterprise can involve a new concept.
-Usually, this requires creating something entirely new as well as coming up with a fresh notion or
idea. This means that inventor then created a new sector of the economy around this commodity.
Creating a new concept can probably impact the enterprise that's why an enterprise can involve new
ideas in order to meet the present demand. Also, enterprises are involved in new concepts in order to
convince consumers that the new concept or idea that is converted into the product is also a need.

An enterprise can be built on an existing concept but give rise to a new business.
-This means existing concepts can be the root of building a new business. The concept of
enterprise development lies in investing knowledge and time, attracting investment, building business
linkages, and employing more people for an enterprise to compete in the global economy. But building it
using an existing concept can possibly happen but in a way that this is also giving a way to rise new
business in order for it to be successful.

An enterprise can involve an existing concept and an existing business.

-This usually means that enterprises do this in order to have better management. For example,
setting up branches or franchises, this also what we called involving an existing concept and an existing
business because this is just another business but the management, in general, takes place in the real
owner of a business not the owner of the branch or franchise. Tha’s why this can bring better
management of external life.
3. Describe an entrepreneur.
Is the founder and builder of companies and businesses, entrepreneurs strive to advance the nation
via their foresight, optimistic mind, tenacity, and attempts to create jobs and opportunities for as
many people as possible. They are also open-minded people who take every risk in every vital
situation in order to know what’s behind that risk. As they take the risk this will able them to use the
result in their future innovation which can be crucial in building a new business.

4. What are the entrepreneurial traits? Discuss its importance to the success of the business venture.
Entrepreneurial traits, skills, and ways of thinking are typically seen in successful entrepreneurs.
Although some businesspeople are born with certain qualities, others can acquire them. However,
having initiative, being proactive, persevering, solving problems, persuading, being self-assured,
being self-critical, and being a good planner are the traits that the majority of entrepreneurs had. In
addition, in line with critical thinking, being a risk taker, creative, having a business-like attitude,
relation skills, communication skills and ability to make decisions are also the qualities/traits of an
entrepreneur. These above-mentioned traits and qualities are crucial in keeping the enterprise or
business in line because they are the main component of why innovations are created. These traits
are important as a product because without traits you cannot gain a successful business like in a
business without a product you cannot have income. How you will know the flows and weaknesses of
your business venture where in the first place your are not possessing entrepreneurial traits.
Entrepreneurial traits are important because they will lead your business venture into a successful
one. Possessing these traits means having a strong stand towards your business.

5. What are the relevance of entrepreneurship? Discuss how important it is in the country.
Entrepreneurship has greatly contributed to the world of economics this probably included our
country because this is the main core of every successful innovation. Since entrepreneurship usually
creates new jobs and generates income for a family, entrepreneurship can also help improve your
standard of living. As the COVID-19 pandemic entered our world entrepreneurship takes a large
responsibility in making the country stand against global economic recession because we all know
that entrepreneurship is for planned and rapid economic expansion. In line with this,
entrepreneurship is a strategy for creative thinking, social transformation, and business society in
every country - it is a crucial element of success. In certain settings, entrepreneurship may be helpful
in reducing economic and developmental inequalities. Lessening economic disparity is made
possible by entrepreneurs who are willing to take the risk of starting new enterprises in these areas.
 What I Have Learned
1. Entrepreneurship is a science of converting Ideas into business.

2. Entrepreneurship is a process of actions of an Entrepreneur who is always in search of something new

to exploit new ideas into gainful opportunities by accepting the risk and uncertainty of the enterprise.

3-6. Entrepreneur derived from the French verb enterprendre which means “to UNDERTAKE”. They are
innovators, willing to take RISKS and generate new IDEAS to create UNIQUE and potentially profitable
solutions to modern-day problems.

7. Entrepreneurship helps in identifying and developing MANAGERIAL capabilities of entrepreneurs.

8. Entrepreneurship results in the creation of ORGANIZATIONS when entrepreneurs assemble and

coordinate physical, human and financial resources and direct them towards achievement of objectives
through managerial skills.

9. Entrepreneurship helps in making a wide variety of goods and services available to the society which
results into higher STANDARD OF LIVING for the people.

10. Entrepreneurship involves creation and use of innovative ideas, maximization of output from given
resources, and development of managerial skills. All these factors are essential to the DEVELOPMENT of
a country

MODULE 2

What's More
Activity 2. Screening Time! Instruction: Write your answers in the space provided.

1. What is a job opportunity?

Job opportunity is simply work that is open and you are qualified in a company or business
requirements and qualifications. For example, you will search job adverts for potential job
opportunities then recruiters and hiring managers tell you about job opportunities that they have.
This is because they are offering you the opportunity to apply for the job (but they are not offering
you the job yet). However, a job opportunity has the potential to turn into a real job.
2. What is entrepreneurship as a career?
Entrepreneurs that seek entrepreneurship as a career often attempt to develop and improve exciting
ideas and situations, manufacture and maintain quality, provide and innovate services, and expand
enterprises and markets abroad. They see their occupation as a long-term vocation are willing to
face huge difficulties and risks in exchange for a hazy but rewarding sense of success. completion
and pay. Entrepreneurship is a wonderful career choice if you appreciate independence and making
a genuine difference in society. You can accomplish this while both growing individually and
contributing to society progress. Entrepreneurs strive to create and improve goods and services, as
well as grow their enterprises and areas, as well as experiment with new ideas.

3. What are the job opportunities for entrepreneurship?

Business Consultant
Sales Manager
Research and Development Director
Fundraiser
Teacher
Talent Recruiter
Business Reporter
New Venture Creator

4. Briefly describe the works of each job opportunities for entrepreneurship.

Business Consultant
-A business consultant assists with the design, execution, and training of organizations. In order
to create a business plan, identify marketing requirements, and build the skills required for business
ownership, they collaborate closely with business owners. But their main purpose is to understand what
clients want to fix with their business or the improvement that they want.

Sales Manager
-A sales manager is a qualified individual who guides a group of sales agents toward meeting
the company's sales objectives. They create and implement sales plans, manage the education and
training of the sales personnel, and use sales data analysis to make wise choices.

Research and Development Director

-Aside from understanding business concepts, systems, procedures, and practices. They are also
in charge of managing all angles of research and development within their company. They frequently
serve as the team leader for a group of researchers that collaborate to create new goods, services, or
procedures that will support the company's commercial success.

Fundraiser
-Fundraiser performs important work planning events, engaging in outreach efforts, and raising
awareness for their specific missions. Fundraiser is someone who raises money for a specific purpose
such as for donations for a place that was devastated and other related situations. Also, they could
create marketing materials and raise awareness of the objectives and financial requirements of an
organization.
 Teacher
-A teacher is one who instructs its students in the planning and resolution of business issues.
Also, make plans for future growth and learn how to manage a business successfully. However, many
business educators have experience teaching as well as working in the business sector, which enables
them to impart the knowledge and skills needed by students to succeed as business professionals.
Teachers have a responsibility to teach everyone who wants to absorb knowledge coming from the
teacher.

Talent Recruiter
-A person that has been tasked with finding, luring, hiring, interviewing, and onboarding new
personnel for a business. It is a person with a keen understanding of both people and business. It is also
a human resources specialist responsible for locating and recruiting individuals for possible job openings.
They may work directly for a company or organization, or they may perform services for another
company, such as a staffing firm.

Business Reporter
-These are people who write articles about local business issues, innovations, productivity,
quality, and service. Also, a business reporter is a strong writer in both sharing information and
captivating an audience. They also know a lot about the world of business which leads them to track
down and build contacts that are willing to be sources for the next big story.

New Venture Creator

-These are people who launch a new venture or a business. They are people who take risks to
open a new venture in order to discover new concepts, and ideas, and to innovate. Furthermore, they are
also business owners whose main responsibility is to launch new start-ups or expand existing ones. They
have a major and direct stake in real business success.

What I Have Learned

1. Job Opportunity is simply an opportunity for Employment
2. When we say career, it is a long-term professional journey you may determine based on your
passions.
3. A career in entrepreneurship can be made in virtually any field, depending on your interests.
4. The Business Consultant assess and create solutions to help the company more efficiently meet its
goal.
5. The Sales Manager represent a company for a product or service.
6. The Research and Development Director is responsible for controlling, coordinating, and carrying out
research in various company departments, guaranteeing the continuous innovation of products and
work processes.
7. The Fundraiser is someone who raise money for a specific purpose and meant not to make profit but
instead for maintaining the organization or toward the purpose for which it was created.
8. The Teacher transfers his/her skills and knowledge to students to become qualified business
professionals.
9. The Talent Recruiter is someone whose job is in sourcing, attracting, recruiting, interviewing, and on-
boarding employees to an organization.
10. The Business Reporter is someone who write breaking news and business stories in unique and
interesting ways.