Entreprenuer

Brimon, Dominic Dave D.

WHAT I KNOW

What I Know? To check your prior knowledge about the topic, and to solicit the questions that you want
to know about it, fill in the Know and Want to know components of the Know-Want to know- Learned
(KWL) chart legibly. For the Know component, you may write word/s or phrase. For the want to know
component, state your responses in interrogative or question form. You may list as many responses as
you want for each component. Write your responses on a yellow paper.

KWL Chart

Topic Know Want to know Learned

Concept of is the ability and An entrepreneur The need for a stronger

Entrepreneurship readiness to develop, identifies a need that entrepreneurial society
organize and run a no existing businesses has been placed firmly
business enterprise, addresses and on the agenda of
along with any of its determines a solution governments and
uncertainties in order to for that need. business in the last
make a profit. years. The European
definition of
entrepreneurial
learning: development
of entrepreneurial
attitudes, skills and
knowledge that enable
the individual to turn
creative ideas into
action.

Relevance of is important as it has Entrepreneurs also help is important as it has

Entrepreneurship to the ability to improve drive change with the ability to improve
your everyday life standards of living and innovation, where new standards of living and
create wealth, not only and improved products create wealth, not only
 Topic Know Want to know Learned

for the entrepreneurs, enable new markets to for the entrepreneurs,

but also for related be developed. but also for related
businesses. businesses.
Entrepreneurs also help
drive change with
innovation, where new
and improved products
enable new markets to
be developed

Guide Questions

1. Based on what you have written on the Know component of the chart, what doyou know about
entrepreneurship and its relevance to your everyday life and to the society as a whole?

- Entrepreneurship is important as it has the ability to improve standards of living and create wealth, not
only for the entrepreneurs, but also for related businesses.

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?

- Taking risks and experimenting are things all of us can do and not just in our careers. We often think of
entrepreneurs as larger-than-lifecharacters. They take big risks. ... All of us are born with the ability to
take risks, think creatively and challenge the everyday way of doing things.

DIRECTIONS: After you have filled-in the K and W components of the chart and answered the guide
questions, please answer the diagnostic assessment below.

DIAGNOSTIC ASSESSMENT

Identification. Read carefully the statements below and identify whether this refers to Entrepreneurship
or Entrepreneur. Write your answer in a yellow paper.

Entreprenuer 1. A person who undertakes the risk of starting a new business venture.

Entreprenuership 2. It is high-risk, but also can be high-reward as it serves to generate economic

wealth, growth, and innovation.
 Entreprenuership 3. Creates a firm, which aggregates capital and labor in order to produce goods or
services for profit. Entreprenuer 4. It is an important driver of economic growth and innovation.
Entreprenuer 5. Creates a business plan, hire labor, acquire resources and financing, and provide
leadership and management for the business.

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.

H.Business Innovation 1 It involves developing new products or improving existing technologies,

processes, designs and marketing to solve problems, increase efficiency, reach new customers, and
ultimately increase profits.

E.Business Opportunity 2.Involves sale or lease of any product, service, equipment, etc. that will enable
the purchaser-licensee to begin a business.

B.Entreprenuership 3.Refers to the act of creating a business or businesses while building and scaling it
to generate a profit.

A.Livelihood 4.Refers to their "means of securing the basic necessities (food, water, shelter and clothing)
of life".

J.Economy 5.The system of production, distribution and consumption. The overall measure of a currency
system; as the national economy

I.Entreprenuer 6. Is a person who sets up a business with the aim to make a profit

C.Social Change 7.Refers to any significant alteration over time in behavior patterns and cultural values
and norms.

D.SocioEconomic 8.Related to the differences between groups of people caused mainly by their financial
situation.

F.Business Venture 9.It is a new business that is formed with a plan and 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.

G.Relevance 10.It is simply the noun form of the adjective "relevant," which means "important to the
matter at hand."
Independent Activity 1. Picture Analysis. Analyze the picture below then answer the corresponding
guide questions. Write your answer in a yellow paper.

Guide Question: What appropriate product and/or business that can be conceptualized during this
COVID -19 pandemic? Write as many in bullet form in a yellow paper.

-the first thing we can do business is what people need most like vegetables and fruits to strength our
resistance and we do not get infected with covid disease immediately.

Independent Activity 2. Enumeration. Give what is asked in the items below. Write your answer in a
yellow paper.

⁷1.Give the three (3) business resources

Financial Resources

Human Resources

Educational Resources
2.Give three (3) importance of Entrepreneurship to the economy

Entrepreneurs innovate.

Entrepreneurs create innovation and social change

Entrepreneurs give to society

3.Give three (3) relevance of Entrepreneurship to the you as a student.

To prepare students for livelihood even before college.

Entrepreneurship education aids students from all socioeconomic backgrounds to think outside
the box and nurture unconventional talents and skills.

Entrepreneurship 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.Give three (3) known families who owned the big Corporations in the Philippines.

Lucio Tan

Henry Sy

John Gokongwei

5. Give three characteristics of an Entrepreneur.

• 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.
What I Have Learned?

You have to fill in the L component of the KWL chart to generalize the things you have learned about the
topic. Write your answer in a yellow paper.

Topic Know Want to know Learned

Overview of Entrepreneurship is the is the creation of an is to a large degree a mind-

Entrepreneurship introduction of a new innovative economic set, always striving to do
product or service organization (or new things in an innovative
through the creation of network of and better
a new company or the organizations) for the way.Entrepreneurs require
innovation of an purpose of gain or access to capital,
existing organization. growth under equipment, land, talent, and
Entrepreneurship is to a conditions of risk or business know-how.
large degree a mind- uncertainty. ... An Intrapreneurship refers
set, always striving to opportunity is the specifically to
do new things in an creation of an idea to entrepreneurial activity that
innovative and better begin a business. A originates from within an
way. venture is a business existing company.
undertaking involving
risk

Relevance of focused programs teach education aids It's only through putting
Entreprenuership to students crucial life students from all these abilities to work that
SHS students skills that will help them socioeconomic you can improve them. It's
navigate this uncertain backgrounds to think undeniable that requires
future. These skills outside the box and both skills, so they'll get
include problem- nurture used and improved along
solving, teamwork, unconventional your way.
empathy, as well as talents and skills. ... It
learning to accept creates
failure as a part of the opportunities,
growth process ensures social justice,
instills confidence
 Topic Know Want to know Learned

and stimulates the

economy.

FORMATIVE ASSESSMENT Multiple Choice: Read and answer each statement carefully then write the
letter of the best answer on a separate sheet of paper.

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

A.Manager

2.Which of the following is not a definition of Entrepreneurship?

D. The act of creating a business or businesses while building and scaling it to generate a profit. 3. Which
of the following is a relevance of Entrepreneurship to SHS Students?

B. It aids students from all socioeconomic backgrounds to think outside the box.

4. Which statement is not correct about the status of entrepreneurship in the Philippines?

B. N-entrepreneurs are people who can secure resources such as technology and information to gain
distinct, sustainable, competitive advantages.

5. Which of the following words is not associated with entrepreneur?

B. impulsive

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.Wealth. You're lying to yourself if you say you've never thought about the money. One of the biggest
motivations for becoming an entrepreneur is the unlimited income potential here; with the right timing
and the right idea, you can build wealth that just isn't possible with a traditional career (granted, it's not
that easy).

2. Flexibility. For some prospective entrepreneurs, the thrill of a flexible schedule and work
environment is key. You'll get to make your own rules and create your own space, which the corporate
world doesn't offer.
3. Leadership. Some entrepreneurs are thrilled at the notion of becoming a leader; they want to make
their own decisions, build their own teams, and call the shots in high-pressure situations. There's a
certain appeal to being in charge, and entrepreneurship is a fantastic doorway to that possibility.

4. Establishment. For others, entrepreneurship is more about creating something. They may want their
name tied to a great company, or they may want to leave a legacy behind for their children and
grandchildren.

5. Vision. Some entrepreneurs are out to change the world. They don't care about making money or
having a more flexible work schedule; they have a vision for the future, and they're out to achieve it.