Senior High School

Entrepreneurship
Quarter 3 – Learner’sActivity Sheet 2
Introduction to Entrepreneurship
Entrepreneurship – Grade 11
Third Quarter – Learner’s Activity Sheet 2: Introduction to Entrepreneurship
First Edition, 2021

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 Entrepreneurship 11
Quarter 3 – Learner’s Activity Sheet 2
Introduction to Entrepreneurship

Name: ____________________________________Date: ______________________

Section: ___________________________________ Score: _____________________

I. TOPIC: Introduction to Entrepreneurship

II. MELC: Discuss the relevance of the course (No CODE)

III. WHAT I NEED TO KNOW

Entrepreneurship has the ability to improve standards of living and create

wealth. It is one of the most important part in the production. There are three resources
to consider in entrepreneurship and these are: a.) land (known as natural resources),
b.) labor and c.) capital. When these three resources are combined by entrepreneur,
manufacturing of food and services are provided or produced. The ingredients in
creating a business plan is to combine the following: hired labor, acquired resources
and financing, provide leadership and the management for the planned business.

In this lesson you are expected to:

a) state the importance of entrepreneurship to your everyday life;

b) differentiate entrepreneurship from entrepreneur; and
c) appreciate and feel proud of the local made products in the community.

The word “entrepreneur” is derived from the French verb enterprendre, which
means “to undertake”. This refers to those who “take” risk of putting up new
enterprises. An enterprise is created by an entrepreneur. The process of creation is
called “entrepreneurship”.

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 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, restrictions 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 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.

In the Philippines being an entrepreneur is simply viewed as a person who form

and manage business that tends to focus on developing small-scale industries and
often supported with government programs.

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:

• Zobel family (Ayala)

• Lopez clan

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 • Lucio Tan
• Henry Sy
• John Gokongwe
• Alfonso Yuchengco
• Eduardo Cojuangco Jr.
• Jose Yao Campos (Unilab Group of Companies)
• George Ty (Metrobank)
• Mariano Que (Mercury Drug)
• Tony Tan-Caktiong (Jollibee).

❖ IMPORTANCE OF ENTREPRENEURSHIP
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

❖ RELEVANCE OF ENTREPRENEURSHIP TO SHS STUDENTS

1. To prepare students for livelihood even before college.
2. It aids students from all socioeconomic backgrounds to think outside the
box and nurture unconventional talents and skills.
3. It 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.

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 5. It aware the students of all the important factors and seeing how they affect
each other is the foundation of a smart decision-making process.
6. It exposed the students to the real-world examples and learn from their own
experience.
7. It requires students to be innovative, creative and collaborative with others.
8. It provides budding entrepreneurs with the skills and knowledge to come
up with business ideas and develop their own ventures.

IV. ACTIVITIES

Activity 1: Differentiation
Directions: A Venn Diagram helps you differentiate two things. Differentiate
entrepreneurship from entrepreneur. In the outer circle, write things about
them that are different. In the inner circle, write things that are alike.

Entrepreneurship Entrepreneur

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Activity 2: Enumeration

Directions: Give at least 5 importance of entrepreneurship to your everyday life. Write

your answer on a separate sheet of paper.
1.____________________________________________________________________

2. ____________________________________________________________________

3. ____________________________________________________________________

4. ____________________________________________________________________

5. ____________________________________________________________________

Activity 3: Picture Analysis

Direction: Analyze the picture below and do/answer the following in a sheet of paper.

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 1. List down local materials available in the community that can be utilized/made
into a valuable product ready for sale during the pandemic. Write your answer on
a separate sheet.
2. What will you feel if you can produce your own product? Write your answer on a
separate sheet.
3. 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. __________________________________________________________

V. GENERALIZATION

Complete the given statement.

I learned that _____________________________________________________

______________________________________________________________________
______________________________________________________________________

VI. APPLICATION

1. How you are going to apply entrepreneurship if you have farm products locally
grown at home (fruits, vegetables, root crops and etc.)

______________________________________________________________________
______________________________________________________________________
______________________________________________________________________

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VII. ASSESSMENT

Test A.
Directions: Read and understand the statement carefully. Choose the best answer
from the given options. Write the letter of your choice on a separate sheet
of paper.

1. Which of the following defines Entrepreneurship?

a. The act of creating a business or businesses while building and scaling it to
generate a profit.
b. Refers to a person who sets up a business with the aim to make a profit.
c. An innovator, a source of new ideas, goods, services, and business/or
procedures
d. Playing a key role in any economy, using the skills and initiative necessary to
anticipate needs and bring good new ideas to market.

2. Who acts as a coordinating agent in a capitalist economy?

a. Manager c. Entrepreneur
b. Finance Officer d. Broker

3. All words are associated of being an entrepreneur. Which is the exception?

a. innovative c. collaborative
b. impulsive d. creative

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.

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 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. Ana is from a place known for its sweet mango and coconut. She wants to sell
the items that would help her daily income. What could be the best resource for
her business plan?

a. Pineapple and Coconut c. Mango and Coconut

b. Mango and Pineapple d. Guava and Pineapple

Test B. How does entrepreneurship differ from entrepreneur? (5points)

Test C.
Directions: Name at list 3 locally made products in your community. Are you proud
of having these products? Why?

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VIII. ANSWER KEY

ACTIVITIES:

Activity 1. Identification - Answers may vary

Activity 2. Enumeration - Answers may vary

Activity 3. Picture Analysis- Answers may vary

GENERALIZATION: Answer may vary

APPLICATION: Answer may vary

ASSESSMENT:

Test A.

1. a 2. c 3. b 4. c 5. c

Test B.

- Possible answer:
Entrepreneurship is an activity of setting up a business while entrepreneur is
the person who manages or operates the business.

Test C. Answers may vary

IX. REFERENCES

Frida F. Tallud DBM, Manuel L. Hermosa EdD. 2020. Quarter 1 Module 1 Overview of
Entrepreneurship and its Relevance to SHS Students 1st Edition. National Capital
Region: Department of Education- National Capital Region.

Writer, Staff. 2020. "What Is the Importance of Entrepreneurship?". Reference.Com.

https://www.reference.com/business-finance/importance-entrepreneurship-a80aee8f21d6b6c1.

Constantine. 2017. "Why We Need to Study and Learn Entrepreneurship | European

Entrepreneurship". European Entrepreneurship.
https://www.europeanentrepreneurship.com/need-study-learn-entrepreneurship-education/.

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For comments, suggestions and recommendations:

Department of Education – Baybay City Division

Diversion Road, Barangay Gaas, Baybay City, Leyte

Telefax: 335 – 2093 / 563 - 8100

Email Address: baybay.city@deped.gov.ph