Professional Documents
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Entrepreneurship
Quarter 2: Module 2
Entrepreneurship
Grade 11/12 Quarter 2: Module 2
Edition, 2020
Copyright © 2020
La Union Schools Division
Region I
All rights reserved. No part of this module may be reproduced in any form without written
permission from the copyright owners.
Management Team:
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Entrepreneurship
Quarter 2: Module 2
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Target
There are questions that the proprietor/owner of the business asks himself
enormously. What will be the products or services should he/she offer? Should
he/she offer a new product or services or just a newly improved one? What would
be the factors taking into consideration to come up with a right product for the
right market? Questions that lingered into the mind of a businessman whether a
new or a well-acclaimed business tycoon.
A successful new product (products and services) coils from the merging of
the creative mind, the technical mind, and the business mind. All the three come
together in the entrepreneurial mind.
In your previous lesson, you learned about the four M’s of operation in
relation to business opportunities. Now let’s start making the right
products/services that will suit the potential market by making its description,
prototype, and testing the prototype if it is acceptable in the marketplace.
2. Create a prototype;
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Jumpstart
Activity 1
Directions: Read the concepts about entrepreneurial mind and understand it in
relation to product development.
A successful new products come up from the convergence of the three mind
namely; the creative mind, the technical mind, and the business mind. All
three mind together comprises the entrepreneurial mind.
The business mind connects the potential of the new products by creating
a market for them. It also manages the internal and external environment of the
products. The business mind turns the purpose and passion into profit. It also
creates customers and exchange of values.
Direction: Choose your answer from the given choices. Write your answer in a
separate sheet of paper. Write the letter only.
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3. Which entrepreneurial mind conceptualizes and design products to capture
the sensory system of human being?
A. Business mind C. Technical mind
B. Creative mind D. All of the choices
Discover
What would be the right product for the right market? Question that should
be addressed by entrepreneur to attain the business mission, visions, goals and
objectives. After making an assessment of competing products, the entrepreneur
then conceptualizes his/her own product. A concept is an idealized perception of
the product or service to be offered to the potential market.
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Descriptions can be done at conception stage in each product and therefore, can be
created or updated within the boundary stage processes.
1. Know your target market. This is the first step to consider in writing your
descriptions, know your market. From here you would be able to reach
which features that would be enticing to your potential buyers. The
personality of your buyers plays a huge role in making this description.
Thus, helping you understand which will be the appropriate description to
be valuable to your buyers.
2. Focus on the Product Benefits. Business owners are really excited to share
the features of their products, however, not all are excited to such. The
buyers are determined to know the benefits that the product offers not the
ordinary or the extravagant features of it. The buyer focuses on product
benefits which talks about how the products will improve their life rather
than the products features which talks about technical information of the
product only.
3. Tell the Full Story. A good product description is a tell all story. The detail
should be fully disclosed, convince the buyers of its benefits, and make an
emotional impact. Emotions affects the behavior of the buyers, therefore,
product description should be the best opportunity to get closer with the
buyers. How you will do it? By filling any gaps between the product and the
buyer perception with the product.
4. Use Natural Language and Tone. Make a description as if your talking with
your friends. Build a connection between buyer and your brand by using
description which is natural and convincing.
5. Use Power Words that Sell. There are words or phrases that entice human
emotions to buy a certain product. Fortunately, Shopee, Lazada, and the
likes, also increases sales. By being wary of these words, you can easily
convince your buyer to take the spring and make the purchase.
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6. Make it easy to Scan. If your offering your product in social platform, make
see to it that your description is scannable. Make your product descriptions
easy to scan by providing bullets points, a short sentence, and different
fonts.
So what exactly a prototype should look like? First, it depends on your idea.
Second, it depends upon your goal or budget. If possible it is great to start with
homemade prototype. A homemade prototype can give you a good running start.
Why Prototype?
1. Display or Show the new product (for show or for potential investors)
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2. Test an idea it works.
3. Test the design and concepts if passes certain requirements.
4. Use to gauge where improvements are necessary.
5. Acquire customer response.
Prototyping Methods
When to Prototype
One way to improve your product viability is to create a prototype. Here are
following step taking into consideration in constructing your product’s first
prototype.
3. Build a Physical Prototype. Once you have already your virtual prototype,
you’re ready to construct its physical version. If you are skilled to do it, you
can make it yourself. However, if not you can ask the help of an expert to do
it. Basically, the first prototype is made in a less expensive material then
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later on use to correct flaws and improvement. As you improve your design,
you can surely make a replica of your prototype as it will be offered to your
consumers.
The very important part of the design and manufacturing process is the
testing of the developed product/prototype. The need of testing of the prototype is
to evaluate whether the specification is functioning well or there’s a need of
adjustment or improvement. In general, testing is done to allow the designer and
client to gauge the viability of the design. There are many reasons why testing and
evaluation takes place. Some reasons are listed below.
1. Testing and evaluation allow the client to view the prototype and to give
her/his feedback.
2. A group of people can try out the product and give their views and
opinion regarding the product. At this stage improvement and
adjustments are carried out.
3. Safety issues are being identified.
4. Allowing the product cost to be measure and concluded.
5. Component parts failure are identified at this point.
6. Can be carried out aligned to the similar design, thus, it leads to product
improvement.
7. Evaluating the manufacture of the product, allow the designer to plan
and decide the most cost- efficient and cost- effective manufacturing line.
8. Guarantee consumer satisfaction.
9. Allow concepts designed to be fully evaluated.
10. Testing against the specification of the products help to ensure a full and
relevant evaluation.
11. The testing and evaluation phase allow fellow specialist and expert to give
their opinions and views and suggest critical improvements for the flaws
seen during that stage.
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Explore
Enhancement Activity 1
Directions: Think of a product you want to offer to the market. Using the template
below, write a detailed description of the product or services. Use separate sheet of
paper for your answer.
PRODUCT DESCRIPTIONS
Name of the Product
Manufactured By
Use of the Product
Ingredients/Construction Components
Price
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Assessment Activity 1:
Directions: Answer the following to the best of your knowledge. Use separate sheet
of paper for your answer. (Refer your answers in the above discussion).
1. What is the purpose and objectives of creating a product description?
2. Choose one effective way of writing a Product Descriptions and explain in
your own understanding. You may do it by giving an example.
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Enhancement Activity 2
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Assessment 2
Directions: Answer the following questions to the best of your knowledge. Use
separate sheet of paper for your answer.
1. What is your basis in designing and creating your prototype in enhancement
activity 2?
2. How important prototyping in an industry? You may elucidate your answer
by giving a scenario or situation.
Enhancement Activity 3
Directions: From the above activity (enhancement activity 2). Test and evaluate the
prototype you made by answering the questions below. Use separate sheet of paper
for your answers.
1. Does your test and evaluation confirm with the product usefulness as
intended for? If yes, why do you say so? If no, what measures are you going
to do?
2. Explain why testing and evaluation of prototype is important?
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RUBRICS for Scoring:
Deepen
Activity 1:
EXPLORE
Directions: Use your Creative Mind, conceptualize a new product or services.
Illustrate it in a bond of paper and give its product descriptions beside your
illustration. Use separate sheet of paper for your answer.
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obvious connection connection to the express of no connection
with the topic. topic. opinions or ideas to the topic.
Originality Ideas and Ideas and Uses ideas and Uses ideas and
& illustrations shows illustrations illustration of illustration of
Uniqueness a large amount of shows original other people. others and no
original thoughts. thoughts. Works There is a slight evidence of
Ideas is unique and shows new idea evidence of original
imaginative and perception. original thinking. thinking.
Creativity Uses excellent Make good choice Make use of color Make use of
& choice of colors, of colors, fonts, , fonts, and words color , fonts,
Craftsmanship fonts, and words and words that that are not so and words that
that are appealing are appealing to appealing to the are not
to the market. the market. market. appealing to
the market.
Activity 2
Directions: Read and understand the scenario below. Answer what is being ask.
Use separate sheet pad of paper.
1. Survey about the latest beverage in the market. What do you think is the
role of the creative mind in coming up with that products? Focus on the
designs or ingredients of the product. What is the ultimate purpose of the
product? Now, let’s examine the sensorial-emotional appeal of the product to
the consumer. Do you want to sell it, taste it, or touch it? What’s make you
want to buy it? If you will buy it, would it make you feel better and satisfy?
2. Second, if you will be the owner of that business, how will you make its
prototype? Will the current components/ingredients fall within your taste
and preference? If yes, can you elucidate why? If not, what changes or
innovation you are going to do?
3. Lastly, focus on the business model. Were the owners of the business
establishing a good market for the product? Did they address the market
demand or needs? Is the price of the product acceptable? Did the products
serve it purpose?
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transitions.
Sharp, different Apparent point No apparent Insignificant
controlling point made about a point but evidence of a
Focus made about a single topic with evidence of a topic.
single topic with adequate specific topic.
evident awareness of
awareness of task.
task
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Gauge
I. Multiple Choice
Directions: Choose the correct answer. Write the letter of your answer in a separate
sheet of paper.
Direction: Read carefully and perform what is being asked. Use separate sheet of
paper to answer.
You are a budding businessman and is finally done with market research and
assessment. You came up with a “Milktea Product” to be marketed in your province
or locality. You are asked to do the following task below:
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RUBRICS for Scoring:
CATEGORY 10 pts. 9 pts. 8 pts 7 pts or below
Content Expresses Opinion s and Unclear Does not
& opinion and ideas are connection to express
Presentation ideas in a clear stated clearly the topic. opinions or
and concise with Evidenced in ideas clearly,
manner with occasional minimal no connection
obvious lack of express of to the topic.
connection with connection to opinions or
the topic. the topic. ideas
Originality Ideas and Ideas and Uses ideas and Uses ideas and
& illustrations illustrations illustration of illustration of
Uniqueness shows a large shows original other people. others and no
amount of thoughts. There is a evidence of
original Works shows slight evidence original
thoughts. Ideas new idea and of original thinking.
is unique and perception. thinking.
imaginative
Creativity Uses excellent Make good Make use of Make use of
& choice of colors, choice of color , fonts, color , fonts,
Craftsmanshi fonts, and colors, fonts, and words that and words that
p words that are and words are not so are not
appealing to the that are appealing to appealing to
market. appealing to the market. the market.
the market.
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Key Answer
Jumpstart
1. A
2. A
3. B
4. C
5. C
Explore
Deepen
Gauge
I. Multiple Choice
1. B
2. D
3. A
4. D
5. C
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References
Printed Materials:
Morato ,Eduardo A. Jr. (2016). Entrepreneurship (pp8-37 & 77-87). Manila,
Philippines: Rex Bookstore, Inc.
Curriculum Guide SHS Applied Track-Entrepreneurship
DepEd (2016). K to 12 Curriculum Guide. Entrepreneurship
Website:
8 Rules to Write Product Description- Retrieved October 22, 2020 from
http://www.referralcandy.com
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