Republic of the Philippines

Department of Education
REGION XI – DAVAO CITY
SCHOOLS DIVISION OF DAVAO CITY
CLUSTER IV SECONDARY AND INTEGRATED SCHOOLS

ENTREPRENEURSHIP
Week 1 – 2

NAME: ____________________SCORE: ____EQUIVALENT: _________________________

Teacher: __________________________________Date Submitted: _______________

Learning Competency : Discuss the relevance of the course and explore job opportunities
for entrepreneurship as a career.
Activity Title : Definition of Entrepreneurship and Entrepreneur
Learning Target : Increase knowledge about entrepreneurship, and determine the
relevance of Entrepreneurship to everyday life and to the society as a whole.
- enumerate the factors affecting entrepreneurship
Materials : Paper, Ballpen

Concept Note:
Let’s Know What is an “entrepreneur”? According to Investopedia, the term
“entrepreneur” was derived from the French word entreprendre which means “to undertake”.
They “undertake” to take a risk in creating, organizing, and operating the business and also
being innovative to the products and services that they will offer to the market. Entrepreneurship
on the other hand, is the process of establishing what type of business the entrepreneur will be
creating or will be introducing to the market. Entrepreneurial activities serve as a vital role now
in our country most especially in economic growth. Through these businesses, job opportunities
were established and innovation of the materials and/or products were created. Whatever
happens to the business lies in the decision making of the entrepreneur.

Entrepreneurship has been defined as the act of creating a business or businesses while
building and scaling it to generate profit. It is also an important driver of economic growth and
innovation. Entrepreneurship is one of the resources economists categorize as integral to
production; the three resources are land/natural resources, labor and capital. (wwww.
investopedia.com)
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
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. An entrepreneur is an innovator, a source of new ideas, good ,
services, and business/ or procedures.
An enterprise is created by an entrepreneur. The process of creation is called
“entrepreneurship” (www.yourarticlelibrary.com)
Studying entrepreneurship benefits students and learners from different social economic
backgrounds because it teaches people to cultivate unique skills and think outside the box.
Moreover, it creates opportunity, instills confidence, ensures social justice and stimulates the
economy.

The entrepreneur:
• exercises his capabilities on deciding what’s best for the business. Studying the business’
pros and cons, identifying the problem, providing a solution and, weighing and choosing the
best option.
• creates job opportunities and new products or services upon establishing a business.
• offers a wide variation of products and services and allows it to be readily available in society.
Thus, the standard living in society will be improved.
• convinces potential investors from all over the world and uses it as an opportunity to expand its
business locally and internationally, which will help our economic growth and attract more
investors which could create more job opportunities for our fellowmen.

Importance of Entrepreneurship (www.reference.com)

 Republic of the Philippines
Department of Education
REGION XI – DAVAO CITY
SCHOOLS DIVISION OF DAVAO CITY
CLUSTER IV SECONDARY AND INTEGRATED SCHOOLS

 Entrepreneurship generates new wealth in an economy.

 Entrepreneurship decreases poverty.
 It creates opportunities, ensures social justice, instills confidence and stimulates
the economy.
 Entrepreneurship improves productivity.
 Entrepreneurs create jobs.
 Entrepreneurs innovate.
 Entrepreneurs create innovation and social change.
 Entrepreneurs give to society.

Relevance of Entrepreneurship to SHS Students (www.europeanenterpreneurship.com)

 To prepare students for livelihood even before college.
 Entrepreneurship education aids students from all socioeconomic backgrounds
to think outside the box and nurture unconventional talents and skills.
 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.
 It exposes students to numerous opportunities to learn how to think critically and
analyze the pieces on the board.

Career Opportunities for Entrepreneurship Graduates

 Mid-level Management
 Business Consultant
 Sales
 Research and development
 Not-for-profit fundraiser
 Teacher
 Recruiter
 Business reporter

There are two factors affecting entrepreneurship, namely: personality and environmental factors:

Personality Factors •
Initiative – doing things before being asked to do so •
 Republic of the Philippines
Department of Education
REGION XI – DAVAO CITY
SCHOOLS DIVISION OF DAVAO CITY
CLUSTER IV SECONDARY AND INTEGRATED SCHOOLS

Proactive – identifying the opportunity and taking the chance to make a change •
Perseverance – doing the best in order to achieve something •
Problem-solver – thinking for best solutions when a problem arises •
Persuasion – “convincing power” to the potential customers to avail products •
Self-confidence – believing in one’s abilities •
Self-critical – learning from one’s mistake •
Planner – gathering information and formulating a plan for execution •
Risk-taker – after taking and assessing all the information gathered, the willingness to take the
calculated risk

Environmental Factors •
Political Climate – government activities in a foreign market that either facilitate or hinder a
business’ ability to conduct business •
Legal System – laws imposed that could affect the business operation. Application of business
permit before starting the business and paying necessary tax • Socio-Economic Conditions – if
there is a recession, it has the ability to shift the consumer’s attitude toward its buying decisions
which creates an impact on the success of an entrepreneur

Activity 1
Question/s

1. What is an entrepreneur?
2. What are the factors affecting entrepreneurship? Explain each in your own words
3. Since we already studied what is the relevance of studying entrepreneurship, I want you to
list down at least five (5) qualities that you possess as an entrepreneur student. Support your
answer.
____________________________________________________________________________
____________________________________________________________________________
____________________________________________________________________________
____________________________________________________________________________
____________________________________________________________________________
____
2. What are the factors affecting entrepreneurship? Explain each in your own words.
____________________________________________________________________________
____________________________________________________________________________
____________________________________________________________________________
____________________________________________________________________________
Since we already studied what is the relevance of studying entrepreneurship, I want you to list
down at least five (5) qualities that you possess as an entrepreneur student. Support your
answer.
____________________________________________________________________________
____________________________________________________________________________
____________________________________________________________________________
 Republic of the Philippines
Department of Education
REGION XI – DAVAO CITY
SCHOOLS DIVISION OF DAVAO CITY
CLUSTER IV SECONDARY AND INTEGRATED SCHOOLS

Activity 2

Let’s Answer Encircle the letter of your answer.

1. What best describes an entrepreneur?
a. A person who is willing to take the risk.
b. A person who has money to start a business.
c. A person who has the qualities to run a business.
d. A person who is willing to take a calculated risk and willing to start a business.

2. Which of the following is a personality factor that affects entrepreneurship?

a. Political Climate
b. Self-Confidence
c. Market Situations
d. Socio-Economic Conditions
3. What is the main objective of an entrepreneur in setting up his/her own business?
a. Gain profit
b. Short-term investment
c. Create job opportunities
d. Compete with other businesses

4. Which of the following is a personality factor that convinces his/her customer to buy his/her
product?
a. Initiative
b. Persuasion
c. Self-confidence
d. Self-critical

5. Which of the following does not belong to the group?

a. Initiative
b. Legal System
c. Perseverance
d. Risk-take
ACTIVITY 3

Qualities of Entrepreneurs : A Self- Assessment

Find out if you are the sort of person that could set up and operate a business. Check YES if
the statement applies to you and check NO if it doesn’t.
No. YES NO
1. I think that a routine patterns of life with regular working hours suits me
best.
2. I have always thought and acted by myself.
3. Sometimes I think I seem to achieve nothing.
4. It is not good to start something unless you are going to finish it.
5. I am much happier when I do not have to rely on other people.
6. I often feel that I am the victom of events that I cannot control.
7. In any bad situation I always get something good from it.
8. It is very important to me that people recognize my success.
9. I am not too ambitious so that I can avoid being disappointed.
10. I am prepared to take risks only after I have thought about all of the
possible consequences.

Interpretation:
If you have more Yes than No, you have the making of an entrepreneur.
 Republic of the Philippines
Department of Education
REGION XI – DAVAO CITY
SCHOOLS DIVISION OF DAVAO CITY
CLUSTER IV SECONDARY AND INTEGRATED SCHOOLS

Activity 4

After assessing what qualities you have, create a venn diagram which shows the similarities and
differences of the qualities you already possess and an entrepreneur has. Do you have what it
takes to become an entrepreneur.

ACTIVITY 5
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.

ACTIVITY 6

Definition of Terms: 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.
 Republic of the Philippines
Department of Education
REGION XI – DAVAO CITY
SCHOOLS DIVISION OF DAVAO CITY
CLUSTER IV SECONDARY AND INTEGRATED SCHOOLS

3. Refers to the act of creating a business or business while C. Social Change

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 national Opportunity
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 Innovation
caused mainly by their financial situation.
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” which J. Economy
means important to the matter at hand”

ACTIVITY 7

LET’S HAVE FUN!

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.

ACTIVITY 8

Enumeration. Give what is asked in the items below. Write your answer in a yellow paper.
Items Answer
A.
1. Give the three (3) business resources B.
C.
A.
2. Give three (3) importance of B.
Entrepreneurship to the economy. C.
A.
3. Give three (3) relevance of B.
Entrepreneurship to you as a student C.
4. Give three (3) known families who owned A.
the big Corporations in the Philippines. B.
 Republic of the Philippines
Department of Education
REGION XI – DAVAO CITY
SCHOOLS DIVISION OF DAVAO CITY
CLUSTER IV SECONDARY AND INTEGRATED SCHOOLS

C.
A.
5. Give three (3) characteristics of an B.
entrepreneur. C.

ACTIVITY 9
Identify the entrepreneurs who founded the following companies:
(2 points each)

1. _________________________________

2. _________________________________

3. _________________________________

4. _________________________________

5. _________________________________

6. _________________________________

7. _________________________________

8. _________________________________

9. _________________________________

10. _________________________________

ACTIVITY 10

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
 Republic of the Philippines
Department of Education
REGION XI – DAVAO CITY
SCHOOLS DIVISION OF DAVAO CITY
CLUSTER IV SECONDARY AND INTEGRATED SCHOOLS

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?
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

ACTIVITY 11

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
De Guzman, Angeles A. (2018) Entrepreneurship for SHS, Applied Subject, ABM Strand
www.googleimages.com; www.googlesearch.com; www.yahoosearch.com
DepEd-Davao City.

Gallardo, Manahan, Tendero and Viray (2018). Entrepreneurship. Philippines: Anvil Publishing,
Inc.

Hayes, A. (2020). Entrepreneurship. Retrieved from:

https://www.investopedia.com/terms/e/entrepreneur.asp Retrieved on: July 1, 2020