WEEKLY LEARNING ACTIVITY SHEET

Solomon P. Lozada National High School

ENTREPRENEURSHIP
3rd Quarter
Week 1&2

Competency:
 Overview of Entrepreneurship and its Relevance to SHS Students.

Lesson 1- Overview of Entrepreneurship

Lesson 2- Relevance of Entrepreneurship to SHS Students

Objectives: At the end of the week, you will be able to:

o Acquire knowledge about entrepreneurship;
o Discover the relevance of Entrepreneurship to your everyday life and to the society as a
whole; and
o Reflect on the importance of decision making of an entrepreneur.

Key Concept:

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).

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

Lesson 1 – Overview of Entrepreneurship

 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 2- Relevance 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

3
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.

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.

*
*

Activity 2. Give what is asked in the items below. Write your answer in a yellow paper.
 Items Answer

A
.
1. Give the three (3) business B
resources .
C
.
2. Give three (3) importance of A
Entrepreneurship to the .
economy. B
.
C
.
3. Give three (3) relevance of A
Entrepreneurship to .
B
.
the you as a student C.
4. Give three (3) known families who A.
owned the big Corporations in B.
the Philippines. C.

5. Give three characteristics of an A.

Entrepreneur. B.
C.

Activity 3: Reflection
Directions: Reflect on the importance of decision making in venturing into business
through a reflection paper.

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?

5
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
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-learnentrepreneurship-education/

Answer Key
Activity 1. Picture Analysis Activity 3. Answers may Vary
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
Events hosting using app like zoom

Activity 2.
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.
C. It creates opportunities, ensures social justice, instills confidence and stimulates the economy. D.
Entrepreneurship improves productivity
E. Entrepreneurs create jobs.
2. Give three (3)
F. Entrepreneurs innovate.
importance of
G. Entrepreneurs create innovation and social change
Entrepreneurship
to the economy. H. Entrepreneurs give to society

7
3. Give three (3) A. To prepare students for livelihood even before college.
relevance of B. Entrepreneurship education aids students from all socioeconomic backgrounds to think outside the box and
Entrepreneurship nurture unconventional talents and skills.
to the you as a C. Entrepreneurship develops their initiative and helps them to be more creative and self-confident in whatever
student 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 Henry Sy, John Gokongwei, Alfonso Yuchengco,
who owned the Eduardo Cojuangco Jr., Jose Yao Campos (Unilab
big Corporations Group of Companies), George Ty (Metrobank), Mariano Que (Mercury Drug), and Tony TanCaktiong (Jollibee).
in the Philippines.

5. Give three A. Innovative, Resourceful

characteristics
B. Creative, Hardworking
of an
Entrepreneur. C. Critical Thinker, Risk Taker, etc