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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:
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.
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KWL Chart
Topic Know Want to know Learned
Concept of
Entrepreneurship
Relevance of
Entrepreneurs
hip 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).
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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 C. Social Change
businesses while building and scaling it to generate a
profit.
4. Refers to their "means of securing the basic D. Socioeconomic
necessities (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 F. Business Venture
make a profit.
7. Refers to any significant alteration over time in G. Relevance
behavior 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 J. Economy
"relevant," which means "important to the matter at
hand."
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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.
LessonOverview of Entrepreneurship
1
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
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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).
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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
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the you as a student C.
4. Give three (3) known A.
families who owned
the big Corporations B.
in the Philippines. C.
5. Give three A.
characteristics of an
Entrepreneur. B.
C.
Relevance of
Entrepreneurship
to SHS Students
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• Who are the funding sources I may need to approach to make
this big?
• What technical infrastructure do I need?
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.
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.
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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?
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
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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 Studyand Learn Entrepreneurship? Retrieved from:
https://www.europeanentrepreneurship.com/need-study
learn-entrepreneurship-education/
For inquiries or
feedback, please write or
call:
Department of Education -
Bureau of Learning
Resources (DepEd-BLR)