MOUNT CARMEL SCHOOL OF INFANTA

Pob. 38, Infanta, Quezon

HOME-BASED LEARNING GUIDE USING HAND OUT
SENIOR HIGH DEPARTMENT
SY 2020-2021
ENTREPRENEURSHIP

Name: Section Teacher Mr. Arnel N.Pacio

Week 7 Day Date Time
Competency Compare the personal characteristics of entrepreneurs in the past and today.
Topic ENTREPRENEURS AND ENTREPRENEURIAL COMPETENCIES
Focused Value Appreciation of the importance of entrepreneurs and entrepreneurial competencies.

LEARNING ACTIVITIES
PART 1 INTRODUCTION
Opening Prayer
Let us put ourselves in the presence of God, In the name of the Father, and of the Son, and the Holy
Spirit. Amen. Dear Lord and Father of all, Thank you for today. Thank you for how you provide for us all. For Your
protection and love, we thank you. Help us to focus our hearts and minds now on what we are about to learn. Guide us
by your eternal light as we discover more about the world around us. We ask all this in the name of Jesus. Amen.

Part II. LESSON PROPER

A. Explore (Panimula/Pagtuklas/ Motibasyon)
Good day! This is the seventh week of our home-based study and learning. I am so glad that most of you are
getting along well with the lessons and tasks. Like what you did last week, I want you to read and understand first, the
following texts on our topic today.

CONCEPT OF ENTREPRENEURS TODAY

There is no universal definition of an entrepreneur. Being an entrepreneur means different things to different
people. From an economist's point of view, it is someone who brings resources, labor, materials, and other assets into
combinations that make their value greater than before; also one who "introduces changes, innovations, and a new
order." To a psychologist, a person who is "typically driven by certain forces such as the need to obtain or attain
something, to experiment, to accomplish, or perhaps to escape the authority of others," is an entrepreneur. But from a
management perspective, the entrepreneur is "someone who identifies opportunities, plans, mobilizes resources,
manages, and assumes the risks of a business to have a positive impact on society."

The 21st century is considered the entrepreneurial era. This number of entrepreneurs increases every year, such
that in 2006, about half a billion people worldwide were either actively engaged in starting a new venture, or were owner-
managers of the new enterprise. The Global Entrepreneurship Monitor (GEM) reported that also in 2006, approximately
19 million Filipinos, or 39% of the population, are engaged in various types of business activity. GEM further recorded
that the Philippines had the highest established business rate globally, with one out of five Filipinos or 19.72% owning
and managing an established business.

Globalization is coupled with changes in the social, economic, and political, and technological environment. These
factors altered the specific dimensions of being an entrepreneur. What is emerging as the characteristics of entrepreneurs
today is shown in the table below:

ENTREPRENEUR DIMENSION IN THE PAST TODAY

Educational Attainment
Age
Gender
Previous Experience
Knowledge of Business
Utilization of
information technology
Innovation orientation
Goal
Principle of governance
Use of work structure
Leadership Style
Drive orientation
Less Educated
Older
Dominated by males
Less business and employment
experience
Knows the trade at large
Relies on manual systems
Automatic for efficiency
Economic and financial gains
Compliance and centralized
Highly structured to meet work
demands
Directing
To get ahead
Highly Educated
Younger
Mixed ownership by women and men
More business or employment experience
Knows the core business and its operation
Proficient in and user to a large extent
information technology
Values innovation for new venture creation
and discovery
Social, ecological and economic gains
Ethical, transparent, and group accountability
More flexible to better balance their work and
family lives
Empowering
To make a difference

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 Perspective of self-confidence “I can do it” “We can do it”

A review of the literature showed that the personal characteristics often attributed to entrepreneurs are
confidence, flexibility, need to achieve, responsibility, commitment, creativity, persevering, goal-oriented, realistic,
sincere, hardworking, visionary, disciplined, feedback-seeking, moderate risk-taker, and many more. These data likewise
revealed some common profile dimensions which are also applicable even among Filipino entrepreneurs today. The
following is a compilation based on various sources:

 Calculated risk-taking is doing everything possible to get odds in their favor, and they often avoid taking
unnecessary risks. Examples of this include convincing others like investors to put up the money, creditors giving
discounted interest rates, and suppliers offering special terms of payment for the raw materials. These could all
help to lessen the risks entrepreneurs have to face in managing the business.
 Commitment is the unwavering dedication to work for the common good of society through one's business.
Examples of this include a willingness to use one's own savings, sacrificing family time, and working long hours,
and traveling to different places to acquire needed resources.
 Feedback-seeking is the taking of steps to know how well they are doing and how they might improve their
performance. One example is by constantly asking for comments, reactions, and suggestions from their
employees and customers, then using this feedback to improve their product or services.
 Perseverance is the determination to succeed by overcoming obstacles and setbacks. Often, entrepreneurs will
not easily give up when problems come their way. They will try to see opportunities even in times of crisis and
look for options for the business to succeed. Examples of this include borrowing money from other sources to
augment capital; looking for and training employees when there is an exodus of people to work abroad; and
asking for the help of the government to give more support to small businesses.
 Drive to achieve is the internal desire to pursue and attain challenging goals. Entrepreneurs examine the
situation, plan how to achieve their business performance regularly based on set standards; analyzing how one’s
competitors are doing in the market; and planning strategically to sustain the business.
 Self-confidence is the belief that together with other people, things can be done in the business. Entrepreneurs
seldom waver in their conviction. An example of this is having a positive belief and allowing those around them to
help during a crisis or non-profitable period for the business.
 Opportunity orientation is the constant awareness of opportunities that exist in everyday life. Entrepreneurs begin
with the opportunities they see and utilize these opportunities they see and utilize these opportunities. Examples
of this include studying the change in consumer preferences to improve an existing product/service or introduce a
new one; importing more of the needed raw materials when the government provides more tax incentives to
import raw materials; and availing of additional capital when interest rates for loans from banks are low and there
are no other sources accessible.
 Innovativeness is the ability to come up with something different or unique every time. This can be in terms of a
new product, service, process, market, or technology. This trait is often related to creativity or "thinking-out-of-
the-box" in any given situation to look for a business opportunity. Examples include the development of new
models of iPod/mobile phones, home delivery of products from supermarkets/drugstores, online buying of many
products (books, clothes, jewelry, food); introduction of online services (class enrollment, payment of bills,
deposit/withdrawal of accounts); and ethnic cuisines prepared in attractive ways by restaurants.
 Responsibility is their willingness to put themselves in situations where they are personally responsible for the
success or failure of the business operation. This is the essence of being accountable for whatever is done by
subordinates. Examples of this include taking on the blame for mistakes of the employees; admitting to
customers that there is an error that was done and that this will be corrected; and standing up for what is right
for ethical issues that will put the community in a dilemma.
 Tolerance for failure is using it as a learning experience. The serious setbacks and disappointments become an
integral part of the learning process. Entrepreneurs are realistic enough to expect such difficulties, so they do not
become disappointed, discouraged, or depressed by a setback or failure. Examples of this include confronting the
source of their problems like employees or suppliers; not repeating the same mistake in the production of a
product, and admitting to the customer that there is a need to improve their services so that the same or similar
complaints are avoided in the future.

B. Firm Up and C. Deepen

Let's Analyze! After your thorough reading of the relevance of entrepreneurship and entrepreneurs in economic
development and society, answer each of the following questions in five (5) sentences only. Write your
answer on a whole sheet of yellow pad paper.

1. Compare the entrepreneurs in the past and today. How different are they from each other based on the
entrepreneur’s
dimensions?
2. Discuss some common personal characteristics of entrepreneurs today. Which of these do you consider more

ENTREPRENEURSHIP LG WK 7 Page 2 of 3
 observable among Filipino Entrepreneurs?
3. Explain how an economist, a psychologist, and management people view entrepreneurs .

Part III. Closing:

To finish our lesson, let us have something to ponder!

 "If at first, you don't succeed, try and try again. If you fall off the horse, you have to get back on.
 Role models, background experiences, and views of one’s self increase the likelihood of people forming their
own business themselves.
In the name of the Father, the Son, and the Holy Spirit, Amen
Thank you, Lord, that you have been with us throughout this lesson and that you are with us right now. Inspire us as we go on to
another lesson. In the name of Jesus, Amen.

REFERENCES / SOURCES
Divina M, Edralin, Vibal Group, Inc., (2016). Entrepreneurship. 1253 G. Araneta Avenue, Quezon City:
Vibal Group, Inc.

ENTREPRENEURSHIP LG WK 7 Page 3 of 3

observable among Filipino Entrepreneurs?

3. Explain how an economist, a psychologist, and management people view entrepreneurs .

Part III. Closing:

To finish our lesson, let us have something to ponder!

 "If at first, you don't succeed, try and try again. If you fall off the horse, you have to get back on.
 Role models, background experiences, and views of one’s self increase the likelihood of people forming their
own business themselves.
In the name of the Father, the Son, and the Holy Spirit, Amen
Thank you, Lord, that you have been with us throughout this lesson and that you are with us right now. Inspire us as we go on to
another lesson. In the name of Jesus, Amen.

REFERENCES / SOURCES
Divina M, Edralin, Vibal Group, Inc., (2016). Entrepreneurship. 1253 G. Araneta Avenue, Quezon City:
Vibal Group, Inc.

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