GE Elec 101 - Module 1

GE Elec 101 - THE ENTREPRENEURIAL MIND
Module 1.1 - EntreprenuerialLeadershipin an Organization

Module 1.2 - EntreprenuerialTraits, Qualities, and Functions
Module 1.3 - Roles and Importnance of Entrepreneur in Economic Growth
KAPALONG COLLEGE OF AGRICULTURE, SCIENCES AND TECHNOLOGY

Bachelor of Secondary Education
major in English
Module 1
Name: _________________________________________
Section: ________________________
Date Submitted: ________________
Disclaimer
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without KCAST’s prior written consent.

GE Elec 101 Self LearningModule
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Module Overview The course is a vital contribution among the students who have the
passion to manage and or owns a business. The course covers an integration
of key points of entrepreneurship which seeks to enlighten people of its
significance in any kind of organization thus incorporating studies on how
to start a business, how to prepare a business plan, how to prepare a
feasibility study, how to manage ones business, how to interpret financial
statements, ethics in business, and the entrepreneur’s responsibility to the
community in general. The knowledge and skills of production of goods and
services will serve as a tool for economic development that will surely
benefit the Filipino people in achieving the quality of life for aspiring
successful entrepreneurs.
Module At the end of this module, you should be able to do the following:
Objectives/ 1. explain the importance of entrepreneurship in the society;
Outcomes 2. distinguish between the terms entrepreneurial traits, qualities, and
functions; and,
3. explain the basic characteristics of entrepreneurs, and describe
different kinds of entrepreneurship.
Lessons in the This module covers the following:

Module Module 1.1: Entreprenuerial Leadership in an Organization
- Top 12 Successful Entrepreneurs in the Philippines
- Top 1 Social Entrepreneur in the Philippines
- Definition and Concept of Entrepreneurship and Entrepreneur
- Characteristicsof an Entrepreneur
Module 1.2: Entrepreneurial Traits, Qualities, and Functions

- Entrepreneurship Traits
- Qualities of an Entreprener
- Types of Entrepreneurs
- Functions of Entrepreneur
- Entrepreneur and ManagerRelationship
Module 1.3: Role and Importance of Entrepreneur in

Economic Growth
- Economic Development due to Entrepreneurship
- The Entrepreneur’s Task
- The Ethical and Social Responsibilities of Entrepreneur
- EntrepreneurialPersonality
- What Motivate Poeple to Become Entrepreneurs
- Entrepreneurs and ManagersDistinguisehd
Module All activities must be submitted via email or messenger if you have
Requirements chance to access the internet but for those who have no access to internet
Submission
you may submit your output in school. Please write your answers on the
Instructions
space provided hereof.
Means of Support Students may contact teacher for assistance and guidance thru:
Email: agustinherrick1989@gmail.com
Fb Account/Messenger: Herrick Onia Agustin

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MODULE 1.1 - ENTREPRENEURIAL LEADERSHIP IN AN

ORGANIZATION
After reading this lesson, you should be able to understand and articulate answers to the
following:
1. definition and concept of entrepreneurship;
2. various types of entrepreneur;
3. common competencies and characteristics of an entrepreneur;
4. successful entrepreneurs in the Philippines; and,
5. importance of entrepreneurship in an organization.
LET US ACTIVATE YOUR

PRIOR KNOWLEDGE!
Greetings everyone! Welcome to Module 1.1 of your course, GE 111 - The Entrepreneurial
Mind which covers 3 weeks self-paced learningmodule(Coverage:Prelim Term). Have fun!
To start, let us have a quick recap of the things you have learned from the previous discussions:
what is entrepreneurship and why it is important, kindly summarize or cite the salient points
of your learning. Put your answers on the space provided below.
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NOW, LET US ACQUIRE

NEW KNOWLEDGE!
Let us start our discussion, please spend enough time undertanding the contents of this lesson,
you can use dictionary or any references you have to aid your learning. I believe in you! now let’s go
down to the details of topic. Here’s a greattip to optimize your learning,get a highlighter pen to shade
important terms and/or phrases, and most importantlytake a good nap for you to be revitalized.Aja!
DEFINITION AND CONCEPT OF ENTREPRENEURSHIP

Entrepreneurship is considered to be vital component in the process of economic growth and
development for various reasons.It is a mechanism by which society converts technological
information into products and services.
The word “entrepreneur” was derived from the French verb enterprendre, which means “to
undertake”. This is pinpointing to those who “undertake” the risk of enterprise. The enterprise is
created by an entrepreneur and the process is called “Entrepreneurship”.
Entrepreneurs are innovators, willing to take risks and generate new ideas to make it unique and
profitable solutions to the present-day problems. Are the creators and builders of new ventures that
not only fulfill their own dreams but also make a strong impact on the society and improve the lives of
people.
The Essentials of Entrepreneurship (2016) emphasized that an entrepreneur is not an innovation
but an organization builder or one who has the skill to build an organization. Peter F. Drucker stressed

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that an entrepreneur as one who always searches for change, responds to it and exploits it as an
opportunity. INNOVATION is the specific tool of entrepreneurs by which they exploit change as an
opportunity for a different buiness or service.
COMMON COMPETENCIES IN ENTREPRENEURSHIP

1. Decisive-anentrepreneurmustbefirminmakingdecisions.
2. Communicator - an entrepreneur must have a convincing power.
3. Leader - an entrepreneur must have the charisma to be obeyed by his employees.
4. Opportunity Seeker - an entrepreneur must have the ability to be the first to see business
chances.
5. Proactive - controlling a situation by making things to happen or by preparing for possible
future problems.
6. Risk Taker - they have the courage to pursue their business ideas.
7. Innovative - the entrepreneurs have big business ideas and they do not stop improving and
thinking of new worthwhile ideas for their business.
CORE COMPETENCIES IN ENTREPRENEURSHIP

1. Economic and Dynamic Activity - Entrepreneurship is an economic activity because it
involves the creation and operation of an enterprise with a view to creating value or wealth by
ensuring optimum utilization of limited resources.
2. Innovative - Entrepreneurs constantly look for new ideas, thus he needs to be creative.
3. Profit Potential - The entrepreneur can be compensated by his profit coming from the
operation.
4. Risk Bearing – The entrepreneur needs to gamble but wise enough to offset the risk.
TYPES OF ENTREPRENEURS
1. Innovative Entrepreneurs - They are those who always make new things by thinking of new
ideas. They have the ability to think newer, better and more economical ideas.
2. Imitating Entrepreneurs - They are those who don’t create new things but only follow the
ideas of other entrepreneurs.
3. Fabian Entrepreneurs - They are skeptical about changes to be made in the organization.
They don’t initiate but follow only after they are satisfied.
4. Drone Entrepreneurs - They are those who lives on the labor of others. They are die-hard
conservatives even ready to suffer the loss of business.
5. Social Entrepreneurs - They are those who initiate changes and drive social innovation and
transformation in the various fields such as education, health, human rights, environment and
enterprise development.
SUCCESSFUL ENTREPRENEURS IN THE PHILIPPINES

1. Manuel “Manny” Villar is a Filipino Billonaire businessman with a net worth of $1.65 B.
Villar is the chairman of STARMALLS and VISTA LAND AND LANDSCAPES.
2. Lucio and Susan Co has a net worth of $1.8 B. They are the owners of PUREGOLD Price
Club store. The family has interests in gaming, hotels and wine distribution. Lucio is the group’s
chairman, Susan serves as the vice chairman, while their son Vincent serves as the President.
3. Ramon Ang is the President and Vice Chairman of one of the nation’s oldest conglomerates,
SAN MIGUEL with a net worth of $2.3 B. He also owns a hotel with 100 acres of prime real estate.
Ang started out by fixing and selling used Japanese car and truck engines later, with Eduardo
Cojuangco, now a billionaire, he sold aluminum wheels.
4. Andrew Tan is a Chinese-Filipino billionaire with business interests in liquor, fast food, and
real estate. He is one of the top richest Filipinos according to Forbes with a net worth of $2.5 B. Tan
runs the Alliance Global Group Inc. (AGI) composed of companies: Megaworld Corporation,
EMPERADOR Distillers, Inc., and Golden Arches Development Corporation that operates
MCDONALD’S FRANCHISES.
5. Tony Tan Caktiong is the man behind the country’s famous bee. He is a Chinese-Filipino
Businessman and the founder of Filipino Fast Food Chain JOLLIBEE with a net worth of $3.4 B.
Caktiong founded Jollibee in 1978 after having started it as an ice cream parlor in 1975.
6. George Ty is a Filipino banker and businessman with a net worth of $3.6 B. He is the founder
of Metropolitan Bank and Trust Company (MBTC). He was also the owner of the G.T. International
Tower in Makati, as well as the owner of hotels under GRAND HYATT and MARCO POLO Brands.

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7. David Consunji was born to a middle class family in Hermosa, Bataan. Consunji is the
founder of DMCI Holdings, Inc with a net worth of $3.68 B. He started his construction business as
nothing more than a small contructor in 1954. He was a former secretary of Department of Public
Works, Transportation from 1970-1975 during the Marcos Administration. He also has stakes in the
country’s largest coal miner, listed subsidiary, SEMIRARA MINING.
8. Jaime Augustus Zobel de Ayala is the Chairman and Chief Executive Officer (CEO) of
Ayala Corporation with a net worth of $3.7 B. He succeeded his father as the company’s President and
CEO in 1994. Zobel is also the Chairman of GLOBE Telecom, BANK OF THE PHILIPPINE
ISLANDS (BPI), and Integrated Micro-electronics Inc. (IMI). He also serves as Co-Vice Chairman of
Mermac, Inc.
9. Lucio Tan was once the longest running richest man in the Philippines not until his great rival,
Henry Sy took over the throne. Tan is a Chinese-Filipino billionaire with a net worth of $4.2 B. He has
interests in airline, banking, tobacco, liquor, real estate industries and education. In 1966, Tan started
his own cigarette company named Fortune Tobacco. He also established and put up Asia Brewery in
1982. Now a subsidiary of LT Group, the brewery was the only one then to compete with the market
leader San Miguel. Also, in 1993, Tan secured control of the country’s airline carrier PHILIPPINE
AIRLINES (PAL).
10. Enrique Razon Jr. is a Filipino billionaire with a net worth of $4.3 B. Razon is also known
as “Ports King”, since his knowledge on how to control of where to put a port is, used him as a key to
becoming one of the country’s richest business tycoons. His investments came from their family
business, the International Container Terminal Services (ICTSI), which is the largest port operator in
the Philippines. Razon serves as the Executive Chairman and Chief Executive Officer of Bloomberry
Resorts Corporation. He is also the Chief Executive Officer and President of INTERNATIONAL
CONTAINER TERMINAL SERVICES, INC.
11. John Gokongwei is the second richest Businessman in the Philippines with a net worth of
$5.5 B. He was born in China to a Filipino-Chinese father who was a scion of a wealthy Cebu-based
family. Unfortunately, at the age of 15 he had to work to provide for his family since they became flat
broke. He sold roasted peanuts and opened up a small stall in the market. He even sold soap, candles,
and threads to earn money. Fortunately, with his determination, JG Summit Holdings, Universal
Robina Corporation, Robinsons Corporation, and CEBU PACIFIC are all Gokongwei’s fruits of labor.
12. Henry Sy has a net worth of $18. He is a Chinese-Filipino businessman and the founder of
SM PRIME HOLDINGS. In 1958, Sy opened the first Shoe Mart store and has since evolved into a
dynamic group of companies with five lines of businesses-shopping malls, real estate development
and tourism, retail, financial services, hotels and conventions. Forbes Magazine listed him as one of
the richest man in the Philippines for ten years in a row.
TOP 1 SUCCESSFUL SOCIAL ENTREPRENEUR IN THE PHILIPPINES

Jaime Aristotle B. Alip is a Social Entrepreneur, and the Founder and Managing Director of the
CARD MUTUALLY REINFORCING INSTITUTIONS, a group of companies composed of a
foundation, a bank, a microinsurance, a development institute, and a business development service.
The companies were established to empower poor women on the countryside, to help alleviate poverty
in the Philippines. CARD is the largest microfinance institute in the Philippines. Alip has won several
awards for his work, such as the prestigious Ramon Magsaysay award in 2008 for public service.
CHARACTERISTICS OF AN ENTREPRENEUR
1. Vision. An entrepreneur has a dream and he visualizes the ways and means to achieve dream.
2. Confident. It is a hallmark of the entrepreneur. Many gain their sense of self-esteem and faith
in their ability to face challenges and by seeing the results and gaining the praise and respect of others.
3. Feels a Sense of Ownership. Uses individual accountability in the ultimate pursuit of
profitability, teamwork, and overall sucess.
4. Able to Communicate. Communication is the key to successful relationships with people.
The entrepreneur develops a keen ability to listen and hear what others are trying to say, because the
best communications got that way by first being the best listener.
5. Team Player. By employing the physics of interpersonal synergy and dynamic relationships.
One twig can be easily snapped, but a bundle of those small twigs becomes stronger than the sum of
its individual parts and can be impossible to bend, much less break.
6. System-Oriented. Good systems allow us to reproduce great results every time with less and
less exertion of energy or resources. Designing, implementing, and perfecting systems is one of the
most useful and rewarding skills of an entrepreneur.

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7. Dedicated. Entrepreneurs dedicate themselves to the fulfillment of their plans, visions, and
dreams, and that tenacity of purpose generates electricity throughout the whole organization.
8. Grateful. Being grateful for what the entrepreneurs have opens us up to receive more, and one
reason that is true is because those who are grateful appreciate what they are given.
9. Optimistic. A positive outlook is essential for the entrepreneur, who learns to see setbacks as
bargain priced tuition for the valuable business lessons gained through firsthand experience.
10. Knowledge. An entrepreneur has full knowledge about all the technicalities of his business -
be it technological, operational, financial or market dynamic.
11. Desire to Succeed. An entrepreneur has a strong desire to succeed in life. Their dreams are
not just limited to achieving one single goal but they constantly work to achieve higher goals.
12. Passion for the Business. It is where the entrepreneur’s belief that the business will
positively influence people’s lives. For social entrepreneur’s passion is what drives them to bring about
the change that they so desire in the environment or social aspect.
13. Money Management. Entrepreneurs start viewing money as a resource.
14. Creative Thinking. This ability allows entrepreneurs to view resources in a completely
different aspect than normal individuals.
15. Positive Mental Attitude. No successful entrepreneur without a positive attitude. if
maintain confidence, persevere and continue to stay positive, we will be successful; if allow doubt and
uncertainty to prevail, will probably fail.
RELEVANCE OF ENTREPRENEURSHIP TO AN ORGANIZATION

1. Development of Managerial capabilities - this means that one of the benefits an
entrepreneur gets is to develop his managerial skills.
2. Creation of Organizations - which means that because of entrepreneurships many
organizations will exist.
3. Improving standard of living - this means that entrepreneurship can lift up the economic
status of an individual.
4. Means of economic development - this means that not only the life of the entrepreneur is
improved but also the society where the business is located.
Great job! Now, give yourself two big thumbs up for your effort!
READY FOR DEBRIEFING?

LET US APPLY WHAT YOU’VE LEARNED
I would like to know how much learnings you gain. Please summarize and put your answers
on the space provided below.
Who among the successful entrepreneurs you admire most and why? What specific
characteristic you observe which makes them successful?
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MODULE 1.2 - ENTREPRENEURIAL TRAITS, QUALITIES,

ANDS FUNCTIONS
A successful entrepreneur mst possess the following traits:
1. Mental Ability - consists of intellegence and creative thinking. An entrepreneur should be
intelligent and must have an analytical mind and have the capacity to analyze the problem under
which decision have to be made.
2. Clear Objective - successful entrepreneur must have the objective to establish his product in
the market, make profit and render social service.
3. Business Secrecy - an entrepreneur must be able to guard business secrets. Leakage of
business secrets to trade competitors is a serious matter.
4. Human Relations Ability- an entrepreneur must have good relations with his customers to
earn profit and win their confidence in his product. He must also maintain good relation with his
employees.
5. Effective Communication - good communication means that the entrepreneur has the
ability to put his point effectively and with clarity. Communication ability is the secret of the success of
most entrepreneurs.
6. Technical Knowledge - the entrepreneurs are dealing with situations where sophisticated
technology is involved. The entrepreneur must have a reasonable level of technical knowledge.
7. Decision-making - the entrepreneur should have the capacity to analyze the varioys aspects
of the business for arriving at a decision.
8. Risk-bearing - higher risk, higher profit; risk is inherent and inseparable element of
entrepreneurship. He assumes the uncertainty of future.
9. Self-confidence - entrepreneurs must have the mental capacity to face any situations. They
should also have the ability to inspire other. They must have the confidence in themselves and the
determination to achive their goals.
10. HighlySelf-motivated - successful people go out into the world and invoke change through
their actions. Leaders enjoy challenges and will work tirelessly to solve problems that confront them.
11. Serial Innovator - entrepreneurs are almost defined by their drive to constantly develop
new ideas and improve on existing processes. Successful people welcome change and often depend on
it to improve their effectiveness as leaders and ultimately the success of their businesses as many
business concepts rely on improving products, services and processes in order to win business.
QUALITIES OF AN ENTREPRENEUR
1. Planner - entrepreneur has a strong desire to achieve a higher goal and make their dreams
come true. So the entrepreneur must have these quality to achieve that target an entrepreneur cannot
achieve the target.
2. Technician - an antrepreneur must have the technical knowledge. He should know how to use
the resources and achieve target.
3. Motivator- he inspires the employees to achieving the target.
4. Future Oriented - entrepreneur shows a high level of future orientation. They do not allow
the past to obsess them. They are oriented towards present and future.
5. Interpersonal Skills - an entrepreneur is a person who during the course of his activities he
should be a person who likes working with people and who has skills of dealing with people.
6. Disciplined - these individuals are focused on making their businesses work, and eliminate
any hindrances or distractions to their goals.
7. Competitive - many companies are formed because an entrepreneur knows that they can do a
job better than another.
8. Creativity - one facet of creativity is between able to make connections and seemingly
unrelated events or situations. They will repurpose products to market them to new industries.
9. Determination - entrepreneurs are not thwarted by their defeats. They look at defeat as an
opportunity for success. Successfull entrepreneurs do not believe that something cannot be done.

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10. Strong Work Ethics - successful entrepreneur will often be the first person to arrive at the
office and the last one to leave. Their mind is constantly on their work, whether they are in or out of
the workplace.
FUNCTIONS OF ENTREPRENEUR
1. Risk Taking and UncertaintyBearing - the future is unpredictable; the entrepreneur has
to take risks in these circumstances. Taking risks form an important entrepreneurial function. Kinght
defined entrepreneur as “the economic functionary who undertakes such responsibility of uncertainty
which by its very nature cannot be insured or capitalized or salaried too.”
2. Taking Business Decisions - he has to formulate an action plan to foster high quality on the
product to be produced. He has to evolve the best possible method of production which would earn
him sizeable profit.
3. Managerial Functions - the entrepreneur arranges finance, purchase raw materials,
provides the necessary infrastructure for production. The entrepreneur has a multi-faced personality
when he undertakes managerial functions. He provides a logical and scientific basis to the above
functions for the smooth operation of the enterprise thereby avoids chaos in the field of production,
marketing, purchasing, recruiting and selection.
4. Decision Making Function - the most vital function an entrepreneur discharges; the
selection of the best course of action that bears greater benefit than sacrifice.
5. Innovation - introduces far-reaching improvements in the quantity and quality of production
line and considers the economic viability and technical feasibility of an innovation. Entrepreneurs
enhance the quality of consumers’ lives by introducing new products and services that solve problems
and fulfill consumers’ needs.
6. Coordination - involves selection of the right type of factors, employment of each factor in
the right quantity, use of the best technical devices, division of labor, and reduction of waste.
7. Environmental Analysis- classified as internal environment - are controllable; and external
environment - are beyond the control of the business.
8. IdentifyingEntrepreneurial Opportunity - an entrepreneur has to keep his eyes and ears
open and require imagination, creativity and in formativeness.
9. Turning Ideas into Action - an entrepreneur should be capable of turning his ideas into
reality; collects information regarding the ideas, products, practices to suit the deman in the market.
10. OrganizationalFunction - entrepreneur as an organizer and organizing function which
brings together various factors of production, ensures continuing management and renders risk-
bearing functions as well.
READY FOR DEBRIEFING?

LET US APPLY WHAT YOU’VE LEARNED
I would like to know how much learnings you gain. Please summarize and put your answers
on the space provided below.
Give at most three (3) names of entrepreneurs in your locality that you know and
identify what factor or factors that makes him/her successful.
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MODULE 1.3 - ROLES AND IMPORTANCE OF

ENTREPRENEURS IN ECONOMIC GROWTH
The position of the entrepreneur in modern production is like that of the director of a play.
Modern economic development is closely linked with production. The entrepreneur directs production
and he must do whatever is necessary for its success.
The economic development of a country to a large extent depends on human resources.
1. Employment Generation - enterprise being established by the entrepreneur grow provides
direct and indirect employment to many more. Entrepreneurship is the best way to fight
unemployment.
2. National Income - entrepreneurship increases the national income through generation of
product and service both in imports and exports.
3. Dispersal of Economic Power - when the number of entrepreneur increases, a large
amount of national wealth is also shared by a large number of entrepreneurs, thus dispersing wealth.
This dispersal of wealth promotes the real socialism and makes the economy healthy.
4. Balance Regional Development - the growth of industry and business leads to a large
number of public benefits like road, transport, health, education, and entertainment. A rapid
development of entrepreneurship ensures a balance regional development.
5. Economic Independence - entrepreneurship is essential for national self-reliance.
6. Improvement in Living Standards - entrepreneurs set up industries which remove
scarcity of essential commodities and introduce new products.
7. Harnessing Locally Available Resources and Entreprneurship - a few large scale
industries started by entrepreneurs from outside the state in economically backward areas may help
as models of pioneering efforts, but ultimately the real strength of industrialization in backward areas
depends upon the involvement of local entrepreneurship in such activities.
8. Innovations in Enterprise - business enterprises need to be innovative for their survival
and better performance. Small firms are expected to result in more innovations and make the industry
compete in international market.
THE ENTREPRENEUR’S TASK

If all requirements in a capitalist economy are in place, the entrepreneur can assume his assigned
role in the development in the economy. This made possible because the surviving enterprises are
responsible for providing the following:
1. products and services for customers and producers;
2. employment;
3. taxes;
4. Demand for suppliers’ products and services; and,
5. Training facilities for future entrepreneurs.
The entrepreneurs also make sure that the suppliers will have a ready market for their product
and services. Lastly, business entrepreneurs provide a training ground for future entrepreneurs. Some
even improved on the entrepreneurial skills passed on to them.
It also consists of assembling the resources consisting of land, labour, and capital for the purpose
of producing goods and services. The entrepreneur is also responsible for deciding on the rate of
output his ventures must produce. He also bears the risk inherit to the ventures. If the entrepreneur’s
task appears to be great burden, the prospect of profits makes it bearable.
THE ETHICAL AND SOCIAL RESPONSIBILITIES OF ENTREPRENEUR

Every now and then, issues concerning ethical behavior of entrepreneurs in different field of
business became a trend. These issues affect the society’s survival. The concern for society’s survival
brought into the fore the need to adapt ethical standards and socially responsible actions.
This concern brought the creation of business ethics. Ethics is the study of moral obligation
involving distinction between right and wrong. Business ethics refers to the rule about how

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entrepreneurs ought to behave. This business ethics paved the way for the adaption of the general rule
of the society.
The ethical behavior required of entrepreneur is determined by the public, interest groups like
society prevention of cruelty to animals, business organization and individual’s personal morals and
values. Certain factors regarding ethical behavior is influenced by any or combination of the situation,
reward system, individual differences and other factors.
There are definite ways on how to encourage ethical behavior among employees such as adaption
of a code of ethics, institution of rewards and punishments concerning ethical behavior, adaption of
internal programs resolving conflicts, creation of ethics review committees, Provision of training in
ethics for employees and top management support.
In a business, a formal document indicating the entrepreneurships adapted principles of
appropriate behavior is called the Code of Ethics. Ethical issues’ concerning entrepreneurship arises
between the company and the customer, the company and its personnel, the company and its business
associates and the company and the investor and financial community.
When ethical abuses are committed, the most probable victims are the customers. As
entrepreneurs, customer rights should be provided like the right to be safe, the right to be informed,
the right to choose and the right to be heard.
On the other hand, there is always the possibility that business firms, including entrepreneurship
will commit unethical act towards their employees. Good ethical conducts require entrepreneurs to be
aware for their responsibilities to employees. Those responsibilities are workplace safety, quality of
life issues, avoiding discrimination and preventing sexual harassment.
ENTREPRENEURIAL PERSONALITY
Operating a business enterprise is a very challenging occupation. Only a small number of
entrepreneurs become successful and the levels of their success differ. Therefore, entrepreneurship is
not for everyone.
Two factors that determine success or failure in an entrepreneurship:
1. The Environment as a Factor- an entrepreneurship will survive and grow only in economic
environments of free enterprise.
2. The Personality of the Entrepreneur- every person has a personality that is unique and
different from others. Personalityrefers to the pattern of characteristics that distinguishes one person
from another.
Six Personality Types

1. The Realistic Type- this individual prefers activities involving aggressive behavior
and physical exertion requiring skill, strength, and coordination.
2. The InvestigativeType- this individual prefers to e analytical, curious, methodical,
and precise.
3. The Artistic Type- this person is expressive, nonconforming, original, and
introspective.
4. The Social Type- enjoys working with ad helping others and purpo0sefully avoids
systematic activities involving tools and machinery.
5. The EnterprisingType- this person enjoys verbal activities to influence others and to
attain power and status.
6. The Conventional Type- enjoys the systematic manipulation of data, filling of
records, or producing materials.
What Motivates People to Become Entrepreneurs

1. The desire to be one’s own boss.
2. The desire for financial rewards.
3. The desire to create one’s own job security.
4. The desire to improve one’s quality of life.
Entrepreneurs and Managers Distinguished

The entrepreneur feels confident of his ability to seize a businessopportunity regardless of the
resources under his current control. The manageremphasizes the efficient utilization of resources.

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LOOK, YOU ARE ALMOST DONE.

LET US HAVE A REFLECTION!
Remarkable! I know you are capable of so much more! Don’t be shy, please share your brilliant
ideas on the things you have learned out from readings. You can use real-life experiences if want to.
Have fun!
As your are about to take this course, you could start a business virtually. Use your
imagination. Choose two (2) that you could imagine owning and why. Put your answers
here: (Limit your answersof at least 50 to at most 75 words.)
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WRAPPED UP KEY TAKEAWAY
FROM THE HORSE’S MOUTH

One of the best ways to determine if now is the best time to start a business is to meet with other
entrepreneurs and see what they do and how they do it. Looking at their life and talking about
entrepreneurship can help you figure out if you’re ready. Often when you talk to someone who’s done
it, they’ll tell you all the negative things about owning a business, like the time they had to work a 24-
hour day or when the power went out. But those are the things you need to learn about before you get
started.
In addition to meeting with successful entrepreneurs, you might want to talk to a few who weren’t
so successful. Find out what went wrong with their ventures so you can avoid these problems. Did they
fail to conduct market research before forging ahead? Were they unwilling to work long hours? Were
they undercapitalized? Did they have misconceptions about what it really takes to be an entrepreneur?
Many potential business owners find it useful to attend entrepreneurial seminars or classes. You can
often find such courses at community colleges, continuing education programs near you or online.
Others seek assistance from consulting firms that specialize in helping small businesses get off the
ground. Don’t hesitate to ask for assistance. These people want to help you succeed.
You are required to share your learning out from the readings. Put your answers here:
(Limit youranswersof at least 50 to at most 75 words.)
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Page 11 of 12

RUBRIC FOR
SUBJECTIVE ASSESSMENT
Scores 25 points 20 points 15 points 10 points

1. Demonstrates full 1. Is as ease with 1. Is uncomfortable with 1. Does not have grasp
knowledge by expected answer to information and is able of information and
answering all all questions, without to answer only cannot answer
questions with elaboration. rudimentary questions. questions about
explanations and subject.
Content/ elaboration. 2. Has somewhat 2. Attempts to define
Organization clear purpose and purpose and subject, 2. Does not clearly
2. Provide clear subject: some provides weak define subject and
purpose and subject: examples, facts, examples, facts, and/or purpose: provides weak
pertinent examples, and/or statistics that statistics, which do not or no support of
facts, and/or support the subject; adequately support the subject; gives
statistics: supports includes some data or subject; includes very insufficient support for
conclusion/ ideas evidence that thin data or evidence. ideas or conclusions.
with evidence. supports conclusion.
Demonstrates strong Shows some Shows little or mixes Shows no interest in
Enthusiasm/ enthusiasm and enthusiastic feeling, feelings about topic. topic presented.
Awareness convinces to understanding and
recognize the validity awareness of most
and importance of the points.
subject.
TIMELINE. Let’s be mindful to your deadline.

All activities in this module must be submitted on August 28, 2022 from 8:00am
to 6:00pm.
REFERENCES
Batisan, R. (2016). Entrepreneurship Module, Diwa Senior Highschool Series, Diwa Learning System
Inc. Legaspi Village, Makati City Philippines
DepEd Module (Entrepreneurship) Quarter 1 - Module 1 Introduction to Entrepreneurship (2020).

DepEd RO X. Cagayan de Oro City
Entrepreneur Media Incorporated. Starting Your Own Business 4th Edition. United States of America:
2007.
Pamplin College of Business and Virginia Tech Libraries. Chapter 6, Entrepreneurship: Starting a
Business. 2016 from http://hdl.handle.net/10919/70961
Teaching Guide for Senior High School, Fundamentals of Accountancy, Business, & Management 1,
CHED in collaboration with PNU

Page12 of 12

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GE Elec 101 - THE ENTREPRENEURIAL MIND

Module 1.1 - EntreprenuerialLeadershipin an Organization

KAPALONG COLLEGE OF AGRICULTURE, SCIENCES AND TECHNOLOGY

GE Elec 101 - THE ENTREPRENEURIAL MIND

Date Submitted: ________________

KAPALONG COLLEGE OF AGRICULTURE, SCIENCES AND TECHNOLOGY

Module 1.1 - EntreprenuerialLeadershipin an Organization

Lessons in the This module covers the following:

Module 1.2: Entrepreneurial Traits, Qualities, and Functions

Module 1.3: Role and Importance of Entrepreneur in

KAPALONG COLLEGE OF AGRICULTURE, SCIENCES AND TECHNOLOGY

Module 1.1 - EntreprenuerialLeadershipin an Organization

MODULE 1.1 - ENTREPRENEURIAL LEADERSHIP IN AN

LET US ACTIVATE YOUR

NOW, LET US ACQUIRE

DEFINITION AND CONCEPT OF ENTREPRENEURSHIP

KAPALONG COLLEGE OF AGRICULTURE, SCIENCES AND TECHNOLOGY

Module 1.1 - EntreprenuerialLeadershipin an Organization

COMMON COMPETENCIES IN ENTREPRENEURSHIP

CORE COMPETENCIES IN ENTREPRENEURSHIP

SUCCESSFUL ENTREPRENEURS IN THE PHILIPPINES

KAPALONG COLLEGE OF AGRICULTURE, SCIENCES AND TECHNOLOGY

Module 1.1 - EntreprenuerialLeadershipin an Organization

TOP 1 SUCCESSFUL SOCIAL ENTREPRENEUR IN THE PHILIPPINES

KAPALONG COLLEGE OF AGRICULTURE, SCIENCES AND TECHNOLOGY

Module 1.1 - EntreprenuerialLeadershipin an Organization

RELEVANCE OF ENTREPRENEURSHIP TO AN ORGANIZATION

READY FOR DEBRIEFING?

KAPALONG COLLEGE OF AGRICULTURE, SCIENCES AND TECHNOLOGY

Module 1.1 - EntreprenuerialLeadershipin an Organization

MODULE 1.2 - ENTREPRENEURIAL TRAITS, QUALITIES,

KAPALONG COLLEGE OF AGRICULTURE, SCIENCES AND TECHNOLOGY

Module 1.1 - EntreprenuerialLeadershipin an Organization

READY FOR DEBRIEFING?

KAPALONG COLLEGE OF AGRICULTURE, SCIENCES AND TECHNOLOGY

Module 1.1 - EntreprenuerialLeadershipin an Organization

MODULE 1.3 - ROLES AND IMPORTANCE OF

THE ENTREPRENEUR’S TASK

THE ETHICAL AND SOCIAL RESPONSIBILITIES OF ENTREPRENEUR

KAPALONG COLLEGE OF AGRICULTURE, SCIENCES AND TECHNOLOGY

Module 1.1 - EntreprenuerialLeadershipin an Organization

Six Personality Types

What Motivates People to Become Entrepreneurs

Entrepreneurs and Managers Distinguished

KAPALONG COLLEGE OF AGRICULTURE, SCIENCES AND TECHNOLOGY

Module 1.1 - EntreprenuerialLeadershipin an Organization

LOOK, YOU ARE ALMOST DONE.

WRAPPED UP KEY TAKEAWAY

FROM THE HORSE’S MOUTH

KAPALONG COLLEGE OF AGRICULTURE, SCIENCES AND TECHNOLOGY

Module 1.1 - EntreprenuerialLeadershipin an Organization

Scores 25 points 20 points 15 points 10 points

TIMELINE. Let’s be mindful to your deadline.

DepEd Module (Entrepreneurship) Quarter 1 - Module 1 Introduction to Entrepreneurship (2020).

KAPALONG COLLEGE OF AGRICULTURE, SCIENCES AND TECHNOLOGY

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