12

Applied Subject

First Quarter – Module 1

ENTREPRENEURSHIP
 GRADE 12

Learning Module for Senior High School Accountancy , Business and Management
Entrepreneurship – Grade 12
Alternative Delivery Mode
Quarter 1 – Module 1: Overview of Entrepreneurship and its Relevance to SHS
Students
First Edition, 2020

Republic Act 8293, section 176 states that: No copyright shall subsist in
any work of the Government of the Philippines. However, prior approval of the
government agency or office wherein the work is created shall be necessary for
exploitation of such work for profit. Such agency or office may, among other
things, impose as a condition the payment of royalties.

Borrowed materials (i.e., songs, stories, poems, pictures, photos, brand

names, trademarks, etc.) included in this module are owned by their respective
copyright holders. Every effort has been exerted to locate and seek permission
to use these materials from their respective copyright owners. The publisher
and authors do not represent nor claim ownership over them.

Published by the Department of

Education Secretary: Leonor Magtolis
Briones Undersecretary: Diosdado M.
San Antonio

Development Team of the Module

rs: Farida F. Tallud, DBM Jupiter Q. Whiteside, MBA Ellaine I. Dela Cruz, DBA Mark Vincent B. Emit, PhD Edna B. Waje, DEM
el L. Hermosa, EdD Ma. Cristina A. Labay, MM Clarabelle
Isabel A.V.Gumaru,
Dalimit, DBA
DEM Mamerto T. Goneda, MSIT
s: Dr. Remylinda T. Soriano, EPS Dr. Angelita Z. Modesto, PSDS

Illustrator:Writers
Layout Artist: Writers
Management Team: Malcolm S. Garma, Regional Director Name of Regional Director Genia V. Santos, CLMD Chief Name of CLMD Chief
Dennis M. Mendoza, Regional EPS In Charge of LRMS
MariaMagdalenaM.Lim,CESOV,SchoolsDivision Superintendent
Aida H. Rondilla, CID Chief
Lucky S. Carpio, EPS In Charge of LRMS
Division ADM Coordinator
Name of Division ADM Coordinator

Printed in the Philippines by

Department of Education – National Capital Region
Office Address:

Telefax:
E-mail Address:
 GRADE 12

Learning Module for Senior High School Accountancy , Business and Management

Introductory Message

For the facilitator:

Welcome to the Entrepreneurship Alternative Delivery Mode (ADM) Module on
the Overview of Entrepreneurship and its Relevance to SHS Students.
This module was collaboratively designed, developed and reviewed by educators
both from public and private institutions to assist you, the teacher or facilitator in
helping the learners meet the standards set by the K to 12 Curriculum while
overcoming their personal, social, and economic constraints in schooling.
This learning resource hopes to engage the learners into guided and independent
learning activities at their own pace and time. Furthermore, this also aims to help
learners acquire the needed 21st century skills while taking into consideration their
needs and circumstances.
In addition to the material in the main text, you will also see this box in the body
of the module:

Notes to the Teacher

This contains helpful tips or strategies that will help you in guiding the learners.

As a facilitator you are expected to orient the learners on how to use this
module. You also need to keep track of the learners' progress while allowing them to
manage their own learning. Furthermore, you are expected to encourage and assist the
learners as they do the tasks included in the module.

For the learner:

Welcome to Entrepreneurship Alternative Delivery Mode (ADM) Module on the
Overview of Entrepreneurship and its relevance to SHS Students.
The hands are the most symbolized part of the human body. It is often used to
depict skill, action and purpose. Through our hands we may learn, create and
accomplish. Hence, the hand in this learning resource signifies that you as a learner is
capable and empowered to successfully achieve the relevant competencies and skills at
your own pace and time. Your academic success lies in your own hands!
This module was designed to provide you with fun and meaningful opportunities
for guided and independent learning at your own pace and time. You will be enabled to
process the contents of the learning resource while being an active learner.

3
This module has the following parts and corresponding icons:

What I Need to Know This will give you an idea of the skills or
competencies you are expected to learn in the
module.

What I Know This part includes an activity that aims to

check what you already know about the lesson
to take.
If you get all the answers correct (100%), you
may decide to skip this module.

What’s In This is a brief drill or review to help you link

the current lesson with the previous one.

What’s New In this portion, the new lesson will be

introduced to you in various ways such as a
story, a song, a
poem, a problem opener, an activity or a
situation.

What is It This section provides a brief discussion of the

lesson. This aims to help you discover and
understand new concepts and skills.

What’s More This comprises activities for independent

practice to solidify your understanding and
skills
of the topic. You may check the answers to the
exercises using the Answer Key at the end of
the module.

What I Have Learned This includes questions or blank

sentence/paragraph to be filled in to process
what you learned from the lesson.

What I Can Do This section provides an activity which will help

you transfer your new knowledge or skill into
real life situations or concerns.

This is a task which aims to evaluate your level

Assessment of mastery in achieving the learning
competency.

In this portion, another activity will be given to

Additional Activities
you to enrich your knowledge or skill of the
lesson learned. This also tends retention of
learned concepts.

This contains answers to all activities in the

Answer Key module.

At the end of this module you will also find:

References This is a list of all sources used in developing

this module.
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.
 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.
 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 A. Livelihood
existing 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, B. Entrepreneurship
equipment, 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 E. Business
consumption. The overall measure of a currency Opportunity
system; as the
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."
 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 1 Overview of Entrepreneurship

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
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
2 of Entrepreneurship to 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.
 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) A.
relevance B.
of Entrepreneurship to
 the you as a student C.
4. Give three (3) known A.
families who owned B.
the big Corporations C.
in the
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?
  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?
 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

 Websites

Batalla, V. (2011). Entrepreneurship and Philippine Development.

Retrieved from:
https//www.academia.edu/26552052/Entrepreneurship_and
Philippine_ Development

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

https://www.investopedia. com/terms/e/entrepreneur.asp

Entrepreneurship: Characteristics, Importance, Types, and Functions of

Entrepreneurship, Retrieved from: https://www.yourarticlelibrary.
com/

What Is the Importance of Entrepreneurship? Retrieved from:

https://www.reference.com/business-finance/importance-
entrepreneurship-a80aee8f21d6b6c1

Why We Need to Study and Learn Entrepreneurship? Retrieved from:

https://www.europeanentrepreneurship.com/need-study-learn-
entrepreneurship-education/

nquiries or feedback, please write or call:

rtment of Education - Bureau of Learning Resources (DepEd-BLR) Ground Floor, Bonifacio Bldg., DepEd Complex
co Avenue, Pasig City, Philippines 1600
ax: (632) 8634-1072; 8634-1054; 8631-4985
Address: *
 Answer Key

What I Know
KWL Chart
Topic Know Want to know
 Entrepreneurship is the act  What is the difference
Concept of of creating a business to get of Entrepreneurship
Entrepreneurship a profit. and Entrepreneur?
 Entrepreneurship is an  What is the
important driver of contribution of
economic growth and entrepreneurship to
innovation. the society?
 Entrepreneurship is high-risk,  What are the
but it serves to generate characteristics of
economic wealth, growth, entrepreneurs?
and innovation.  How Entrepreneurship
 Entrepreneurship impact the started in the
economy Philippines?
 Entrepreneurship help  What is
economies. Entrepreneurship?
 Entrepreneurship add to
the gross national income
 Entrepreneurship create social
change
 Entrepreneurship play a
key role in any economy.
Relevance of 1. To prepare students for  Why do we need to
Entrepreneurship livelihood even before college. study
to your everyday 2. Entrepreneurship education Entrepreneurship?
life aids students from all  Why Entrepreneurship
socioeconomic backgrounds is offered in the
to think outside the box and Senior High School?
nurture unconventional  How can we use
talents and skills. Entrepreneurship in
3. Entrepreneurship develops our daily life?
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.

What’s In
1. Entrepreneur
2. Entrepreneurship
3. Entrepreneur
4. Entrepreneurship
5. Entrepreneur
What’s New
1. H
2. E
3. B
4. A
5. J
6. I
7. C
8. D
9. F
10. G
What’s More
Independent Activity 1. Picture Analysis
1. Delivery Services like grab food
2. Online Selling of food products and hygiene products like soap, etc.
3. To make fashionable face masks
4. E-Loading services
5. Events hosting using app like

zoom Independent Activity 2. Enumeration

Items Answer
A. Land
1. Give the three (3)
B. Labor
business resources
C. Capital
 A. Entrepreneurship generates new wealth in an
economy.
B. Entrepreneurship decreases poverty.
2. Give three (3) C. It creates opportunities, ensures social justice,
instills confidence and stimulates the economy.
importance of
D. Entrepreneurship improves productivity
Entrepreneurship to
E. Entrepreneurs create jobs.
the economy. F. Entrepreneurs innovate.
G. Entrepreneurs create innovation and social
change
H. Entrepreneurs give to society
3. Give three (3) A. To prepare students for livelihood even before
relevance of college.
Entrepreneurship to B. Entrepreneurship education aids students from
the you as a all socioeconomic backgrounds to think outside
student the box and nurture unconventional talents and
skills.
C. 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.
D. It exposes students to numerous opportunities
to learn how to think critically and analyze the
pieces on the board.
E. Being aware of all the important factors and
seeing how they affect each other is the
foundation of a smart decision-making process.
F. Students have to be exposed to real-world
examples and learn from their own experience.
G. Entrepreneurship education requires students
to be innovative, creative and collaborative with
others.
H. Entrepreneurship education provides budding
entrepreneurs with the skills and knowledge to
come up with business ideas and develop their
own ventures.
4. Give three (3) known Zobel family (Ayala), the Lopez clan, Lucio Tan,
families in the who Henry Sy, John Gokongwei, Alfonso Yuchengco,
owned the big Eduardo Cojuangco Jr., Jose Yao Campos (Unilab
Corporations in the Group of Companies), George Ty (Metrobank),
Philippines. Mariano Que (Mercury Drug), and Tony Tan-
Caktiong (Jollibee).
5. Give three A. Innovative, Resourceful
characteristics of an B. Creative, Hardworking
Entrepreneur. C. Critical Thinker, Risk Taker, etc

Assessment
1. C
2. C
3. A
4. C
5. B
Additional Activities
1. To gain profit and earn a living.
2. To fulfil my dream to become an entrepreneur.
3. To enhance my entrepreneurial skills.
4. To help the economy grow.
5. To provide employment for the Filipinos.
6. To increase supply of products and services.
7. To create social change.
8. To improve the quality of goods and services.
9. To improve the quality of life.
10. To prevent monopoly.