SENIOR

Entrepreneurship HIGH
SCHOOL

Module
Relevance of Entrepreneurship
in the Society 2
Quarter 1
Entrepreneurship
Quarter 1 – Module 2: Relevance of Entrepreneurship in the Society
First Edition, 2020

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Development Team of the Self-Learning Module

Writer: Benjamin Meniano
Editors: Marivi T. Camacho, Buena R. Abestilla
Reviewers:
Content/Language: Edna D. Camarao, Dennis T. Alex
Technical: Cerina V. Galoy
Illustrator:
Layout Artist:
Management Team: Ma. Evalou Concepcion A. Agustin
OIC-Schools Division Superintendent
Aurelio G. Alfonso EdD
OIC-Assistant Schools Division Superintendent
Victor M. Javeña EdD
Chief, School Governance and Operations Division and
OIC-Chief, Curriculum Implementation Division

Education Program Supervisors

Librada L. Agon EdD (EPP/TLE/TVL/TVE)

Liza A. Alvarez (Science/STEM/SSP)
Bernard R. Balitao (AP/HUMSS)
Joselito E. Calios (English/SPFL/GAS)
Norlyn D. Conde EdD (MAPEH/SPA/SPS/HOPE/A&D/Sports)
Wilma Q. Del Rosario (LRMS/ADM)
Ma. Teresita E. Herrera EdD (Filipino/GAS/Piling Larang)
Perlita M. Ignacio PhD (EsP)
Dulce O. Santos PhD (Kindergarten/MTB-MLE)
Teresita P. Tagulao EdD (Mathematics/ABM)
Published by the Department of Education - Schools Division of Pasig City

Printed in the Philippines by Department of Education – Schools Division of

 Pasig City

SENIOR
Entrepreneurship HIGH
SCHOOL

Self-Learning
Module

2
Quarter 1

Relevance of Entrepreneurship
in the Society
Introductory Message

For the facilitator:

Welcome to the Entrepreneurship with Grade 12 Self-Learning on Relevance

of Entrepreneurship in the Society
This Self-Learning Module was collaboratively designed, developed and
reviewed by educators from the Schools Division Office of Pasig City headed by its
Officer-in-Charge Schools Division Superintendent, Ma. Evalou Concepcion A.
Agustin, in partnership with the City Government of Pasig through its mayor,
Honorable Victor Ma. Regis N. Sotto. The writers utilized the standards set by the K
to 12 Curriculum using the Most Essential Learning Competencies (MELC) in
developing this instructional resource.

This learning material hopes to engage the learners in guided and

independent learning activities at their own pace and time. Further, this also aims
to help learners acquire the needed 21st century skills especially the 5 Cs, namely:
Communication, Collaboration, Creativity, Critical Thinking, and Character 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. Moreover, you are expected to encourage and assist
the learners as they do the tasks included in the module.
 For the learner:
Welcome to the Entrepreneurship Self-Learning Module on Relevance of
Entrepreneurship in the Society.
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 material while being an
active learner.

This module has the following parts and corresponding icons:

Expectations - This points to the set of knowledge and skills

that you will learn after completing the module.

Pretest - This measures your prior knowledge about the lesson

at hand.

Recap - This part of the module provides a review of concepts

and skills that you already know about a previous lesson.

Lesson - This section discusses the topic in the module.

Activities - This is a set of activities that you need to perform.

Wrap-Up - This section summarizes the concepts and

application of the lesson.

Valuing - This part integrates a desirable moral value in the

lesson.

Posttest - This measures how much you have learned from the
entire module.
 EXPECTATIONS
LEARNING OBJECTIVES: After going through this module, you are expected to:

1. determine the significance of entrepreneurship to the Filipino

individuals;

2. recognize the substantial commitment of entrepreneurship

to the local community, and

3. identify the effect of entrepreneurship on the Philippine economy.

PRETEST
DIRECTIONS: Read each item carefully. Select the letter of the
best answer from the choices given.
1. Which of the following stimulate work development and employment
opportunities?
a. Creating new job openings
b. Grow new markets
c. Improves personal satisfaction
d. Carries social advantages to the individuals
2. These are the social benefits of entrepreneurship to the government that
provide programs for the people except for:
a. Paying taxes
b. Applying for business permits and licenses to operate business
c. Filing of correct remittances
d. Starting up a business without proper documentation
3. All organizations experience disappointment, which prompted the shutting of
their business. What are the reasons for these disappointments?
a. Lack of knowledge and experience in operating a business
b. Resignation of skilled workers
c. Lack of supply for needed raw materials.
d. All of the above
4. Which among the statement depicts the commitment of entrepreneurship to the
economy?
a. Employment opportunities
b. Career alternatives for women and minorities
c. Economic growth
d. All of the above
5. Which among the following accompanying concepts show the way towards
creating new ideas, methods, or processes?
a. Business Model
b. Modeling
c. Creative flexibility
d. Innovation

RECAP

We have taken in an overview of what is entrepreneurship in the Philippine

setting. A business entrepreneur is the most fundamental job in the business area.
He starts to lead the pack in controlling the whole parts of the board. He is
additionally responsible for any dangers that the business is going to confront.
Before we continue let us review a few terms that we have to comprehend to
completely ace the ideas of entrepreneurship.

Directions: Jumble the letters to find the correct word described in each item
1. Process of creating a business venture to generate profit.
ERNETERPUERNPHIS

2. Introducing new ideas, devices, or methods.

OVAINNONTI

3. An individual who has the natural capacity and phenomenal devotion to set
up and deal with a business

TREENERNPRUE

4. It is the creation, appropriation, and exchange, just as utilization of products

and services by various agents.

EYMONCO

5. It refers to the total of individuals living respectively in a pretty much-

arranged network.
CISOYET

The following terms are words that are words that completely portray what
entrepreneurship is about. It has a domino impact on all aspects of it. By and
large, a business enterprise's objective is to make something new. Helping every
business entrepreneur, by making something new it gives incredible commitment
to the lives of each Filipino and the whole society. In the impact, business
entrepreneurs acquire more benefits. Then eventually it boosts the economic
condition of our economy. Our next lesson will clarify more on the huge
commitment of enterprise to our general public on the loose.
 ENTREPRENUERS ENTREPRENUERSHIP INNOVATION

ECONOMY SOCIETY

LESSON

ENTREPRENEURSHIP

https://www.google.com/search

Motive Questions: Analyze the picture above;

1. How can you relate to the picture in terms of the economy?
2. Do you think entrepreneurship is an important factor to boost the economy of
a country? Why?

Aduana (2017, 7) highlighted that entrepreneurship is the art of watching

the correct practices in supervising and working a self-guaranteed wealth making
business undertaking by giving items and adventures that are critical to the
customers. Understanding the fundamental ideas of this operational definition,
people can relate to how might it influenced their regular daily existences. Think
about the dynamic progression of the impact of business enterprise, people are
incredibly influenced by the progressions include in business activities. Singular
encounters towards little or enormous organizations add to the improvement of the
business. The advantages that clients get from them are living proof of the
fundamental and vital jobs to the lives of all customers.

In this module, we will explore the noteworthy commitments of business

enterprise to the lives of Filipino individuals when all is said in done, the network,
and the Philippine economy. Significantly that a wide point of view on the
foundation on the impacts of entrepreneurship on each Filipino, neighborhood
network, and the Philippine economy must be stressed.
 SIGNIFICANCE OF ENTREPRENEURSHIP TO THE FILIPINOS

Improve the quality of life

Successful entrepreneurs took the

courage of envisioning to improve the quality of
life of every individual. Offering new products
and services that make consumers live more
convenient or enjoyable.

This compels business visionaries to

create serious items that are ever-advancing and
changing to address the necessities of the
cutting edge shopper. Along these lines,
https://www.rappler.com/
business not just energizes the creation of life- improving
arrangements and administrations yet also drives business visionaries to take a
stab at greatness. Organizations must reevaluate their strategic item to fit the
necessities of the customer - or, in all likelihood chance falling flat.

A perfect example would be the utilization of smartphones; individuals can

concentrate on their core jobs without worrying over essential needs. It widens
their innovativeness and helps in fulfilling their lives productive and effective.
Subsequently, it increments in the individual advantages and accommodation of
individuals in the general public.

Through their unique offerings of new goods and services, business people split
away from custom and in a roundabout way bolster opportunity by lessening
reliance on out of date frameworks and advances. In general, these outcomes in
improved personal satisfaction, more noteworthy spirit, and monetary
opportunity.

Serve as a role model

According to Vibal, (2016, 12) entrepreneurs are individuals to be imitated by
more youthful ages in the network and society on the loose. The disposition,
conduct, and individual qualities. Like proactiveness, opportunity
acknowledgment, hazard taking readiness, and innovativeness are a portion of
the qualities that will make them fruitful entrepreneurs later on.
 IMPORTANCE TO THE LOCAL COMMUNITY

Entrepreneurs produce employment in the community.

Entrepreneurs stimulate work

development and employment opportunities
by creating new job openings when they
enter the market. It employs in the
community. There is an immediate work
impact from new organizations that emerges
from the new openings being made.

https://www.bworldonline.com

Entrepreneurs generate new demand in the market.

Developing a valid client's environment. Look for chances to comprehend

their image, culture, product, and services. Entrepreneurs develop an opportunity
searcher mentality. They extend their horizons towards marketing enhancement
through the promotional campaigns, brand awareness, and product development.

It makes a generous commitment to the raising and assortment of

taxes.

Vibal (2016, 13) discussed the significant role of entrepreneurs in payment

of taxes, permits, and licenses of business activities. The government utilized this
assortment particularly to acquire access to social administration for example
streets, bridges, free education, and so forth.

Entrepreneurs create new business opportunities in the market.

Way breaking contributions by entrepreneurs, as new products and

enterprises, bring about new work, which can deliver a falling impact or upright
hover in the economy. The incitement of related organizations or segments that
help the new pursuit add to promote monetary turn of events.
At the point when they take part in a business it mixes interest to others to
contribute to the business in light of the advantages it offers. These new ventures
add to monetary development.
Makes new sources of Materials

Vibal (2016, 13) emphasized that entrepreneurs are consistently in a steady

quest for better and less expensive wellsprings of materials they need. Finding new
materials suppliers help in the financial development of the spot. These could be
sourced from on account of the value creation.

SIGNIFICANCE TO PHILIPPINE ECONOMY

Extraordinary entrepreneurs can change how we live and work. On the off
chance that fruitful, their advancements may improve ways of life, and
notwithstanding making riches with pioneering adventures, they likewise make
employments and add to a developing economy.

Aduana (2017, 8) enumerated the following impact of entrepreneurship to the

Philippine economy:
1. It energizes competitiveness thus, provokes challenges among entrepreneurs
to continue innovating their products and services.
2. It hurries the monetary recuperation procedure of the Philippines during
financial crisis.
3. It facilitates the progression of money flow in the market.
4. It helps the national government in its longing to have positive financial
evaluations in the world market.

ACTIVITIES

ACTIVITY 1: CLASSIFICATION. Directions: Group the terms provided below into

the main ideas about to contributions of entrepreneurship to society by listing
those that belong together and create a label for them. You can only use a
particular term once.

Significance to Filipino individuals create new market

New sources of materials quality of life
importance to local community new business opportunities
Progression of the flow of money energizes competitiveness
Contribution to Philippine Economy fruitful life
 Positive ranking on world market creates creativity

_________________________ ____________________________ __________________________

_________________________ ____________________________ __________________________
_________________________ ____________________________ __________________________

WRAP-UP

MAKE – UP!

Entrepreneurs make work openings for themselves as well as for

others too. Enterprising exercises may impact a nation's financial
exhibition by bringing new items, techniques, and creation procedures to
the market and by boosting efficiency and rivalry all the more
comprehensively.

Directions: Compose 3 situations, occasions or encounters you have

involvement with the market. Distinguish the commitments of
entrepreneurship to such circumstances.

Example: Buying of new laptop – it helps in keeping my documents without

stressing that it may get lost. It improves the quality of life.

Situations, occasions or encounters Commitments of entrepreneurship

1

VALUING
CONCEPT-MAPPING!

The fascinating communication between entrepreneurship and economic

development has crucial sources of information for strategic planning in business
operations. On the off chance that we comprehend the advantages and
disadvantages, a fair way to deal with sustaining business will bring about a
positive effect on the economy and society.
 In case that you have gotten an opportunity to go into business, what
business you would be intrigued to get into?

Outline by methods for word mapping the contribution of your picked

business to individuals, community, and Philippine economy.

contributions contributions

Business

contributions
contributions

POSTTEST

Directions: The following statements are the effect of entrepreneurship on the

Filipino people, society, and to Philippines’s economy. Write TRUE if the
statement is correct. In any case, write FALSE on the off chance that it does not
affirm its advantages.

1. Entrepreneurship makes the accompanying commitments to the lives of the

Filipinos by improving personal satisfaction.
2. Entrepreneur creates business that produces products that meet the wants
and needs of consumers
3. Entrepreneurship makes a liberal responsibility to the raising and collection
of taxes.
4. Entrepreneurs develop an opportunity searcher mentality.
5. Entrepreneurs stimulate work development and employment opportunities
by creating new job openings when they enter the market.
 KEY TO CORRECTION

5. D 5. True
4. D 4. True
3. D 3. True
2. D 2. True
1. A 1. True
PRETEST POSTTEST

ACTIVITY
Significance to Filipino Importance to the local community Contribution to Philippine Economy
individuals
quality of life Produce employment Positive during the financial
evaluation in the world market
Serve as a role model Generate demand in the market Energizes competitiveness

New business opportunities Monetary recuperation during

financial crisis

References
BOOKS
Aduana,Nick L. 2016. Entrepreneurship in Philippine Setting for SHS. Quezon
City: C&E publishing Inc.

Divina, Edralin M. 2016. Entrepreneurship. Quezon City:

Vibal Group, Inc.

Photos were taken:

https://www.google.com/search?q=poor+economy&tbm=isch&ved=2a
hUKEwj9r_Oni4vqAhWOzYsBHRk2BuAQ2-
cCegQIABAA&oq=poor+&gs_lcp (6/18/2020)
https://www.rappler.com/brandrap/tech-and-innovation/126587-
education-internet-sustainable-ph (6/18/2020)

https://www.bworldonline.com/filipinos-dropping-out-of-the-work-
force-could-benefit-the-economy/ (6/18/2020)