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Entrep - Q1 M1 W1
Entrep - Q1 M1 W1
Entrepreneurship HIGH
SCHOOL
Self-Learning
Module
Review
of
Q
Entrepreneurship
RECAP
Below are two-word clouds. Entrepreneurship and an entrepreneur.
Create a definition by using the terms around Entrepreneurship and
Entrepreneur. Write your answer below the word cloud.
The terms in the word cloud comprise the concept of Entrepreneurship and
Entrepreneur.
LESSON
The picture is a typical sari-sari store that you can
find in every society, what is the effect of its
presence in your community?
Fig 1:https://www.google.com/
This module will teach you the fundamentals of entrepreneurship starting
with the role it plays in society and the economy. Besides you will also know key
concepts of common and core competencies that require skills to become a
successful entrepreneur. Compared to being an employee, you will understand the
pros and cons of being an entrepreneur.
In the time of COVID-19 pandemic situations, many people lost their jobs
that is why some people are seeking business opportunities in to provide their
family needs. This allows people to be an entrepreneur without proper knowledge
or experience. One example of a booming industry these days is an online business
that is helpful to augment the basic needs of the family. The relentless pursuit of
new things specifically in terms of business made each family work on their best.
Thus, to survive the main objective of business lies in the ability to earn profits from
producing, selling, and buying commodities. This situation changed the whole
business paradigm.
Who is an Entrepreneur?
What is Entrepreneurship?
Figure 2
https://www.googl
e.com/
opportunities, establishing and operating a business
out of the opportunity, and assessing its risks and
rewards by closely monitoring the operations. The
creation of a sound business plan, together with the
efficient and effective operation of the business
willbenefit not only the entrepreneur but the
whole society and the economy as well.
➢ An activity that includes the discovery, evaluation, and exploitation of
opportunities to introduce new goods and services.
➢ Having profited from bearing uncertainty and risk (Knight 1921, 3)
➢ Capacity for innovation, investment, and expansion in new markets,
products, and techniques. (Fajardo, 1994, 4)
➢ The opportunity to know what goods and services people need and to be able
to deliver them at the right time, in the right place, at the right price for the
right people.
➢ In the Philippines,
entrepreneurship is seen as necessary
to empower the poor; boost
development, and stimulate
innovation. Philippine Constitution of
1987 recognizes entrepreneurship as a
driving force for economic growth.
Directions: Fill out the table below by listing down 5 small businesses
operating in your community. What are the goods and services these businesses
offer? Take note that businesses seem to be attracting many customers. If you were
also a customer who buys from these businesses, reflect on what makes you buy
from them.
Activity 2: Interview.
Directions: Ask at least three (3) members of your family who are customers
of some businesses in your community and ask them why they regularly buy their
products or services regularly.
2.
3.
Activity 3: Data Completion.
VALUING
I Relate!
Directions: Using the information from the business that you answer in your
activity, write at least three specific examples of societal and economic benefits to
your community resulting from the operation of that business. Besides, how could
you benefit?
1.
2.
3.