12

Applied Subject
First Quarter – Module 1

ENTREPRENEURSHIP
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Learning Module for Senior High School Accountancy , Business and Management
Entrepreneurship – Grade 12
Alternative Delivery Mode
Quarter 1 – Module 1: Overview of Entrepreneurship and its Relevance to SHS
Students
First Edition, 2020

Republic Act 8293, section 176 states that: No copyright shall subsist in any work
of the Government of the Philippines. However, prior approval of the government
agency or office wherein the work is created shall be necessary for exploitation of
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condition the payment of royalties.

Borrowed materials (i.e., songs, stories, poems, pictures, photos, brand names,
trademarks, etc.) included in this module are owned by their respective copyright
holders. Every effort has been exerted to locate and seek permission to use these
materials from their respective copyright owners. The publisher and authors do not
represent nor claim ownership over them.

Published by the Department of Education

Secretary: Leonor Magtolis Briones
Undersecretary: Diosdado M. San Antonio
Development Team of the Module

Writers: Farida F. Tallud, DBM Jupiter Q. Whiteside, MBA

Manuel L. Hermosa, EdD
Ma. Cristina A. Labay, MM
Clarabelle V. Dalimit, DEM
Mamerto T. Goneda, MSIT
Editors: Dr. Remylinda T. Soriano, EPS
Dr. Angelita Z. Modesto, PSDS
Ellaine I. Dela Cruz, DBA
Mark Vincent B. Emit, PhD
Edna B. Waje, DEM
Isabel A. Gumaru, DBA

Illustrator: Writers
Layout Artist: Writers
Management Team: Malcolm S. Garma, Regional Director Name of Regional Director
Genia V. Santos, CLMD Chief Name of CLMD Chief
Dennis M. Mendoza, Regional EPS In Charge of LRMS
Maria Magdalena M. Lim, CESO V, Schools Division
Superintendent
Aida H. Rondilla, CID Chief
Lucky S. Carpio, EPS In Charge of LRMS
Division ADM Coordinator
Name of Division ADM Coordinator

Printed in the Philippines by ________________________

Department of Education – National Capital Region
Office Address: ____________________________________________
____________________________________________
Telefax: ____________________________________________
E-mail Address: ____________________________________________
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Learning Module for Senior High School Accountancy , Business and Management

Introductory Message

For the facilitator:

Welcome to the Entrepreneurship Alternative Delivery Mode (ADM) Module on the
Overview of Entrepreneurship and its Relevance to SHS Students.
This module was collaboratively designed, developed and reviewed by educators both
from public and private institutions to assist you, the teacher or facilitator in helping the
learners meet the standards set by the K to 12 Curriculum while overcoming their personal,
social, and economic constraints in schooling.
This learning resource hopes to engage the learners into guided and independent
learning activities at their own pace and time. Furthermore, this also aims to help learners
acquire the needed 21st century skills 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. Furthermore, you are expected to encourage and assist the learners as they do the
tasks included in the module.

For the learner:

Welcome to Entrepreneurship Alternative Delivery Mode (ADM) Module on the
Overview of Entrepreneurship and its relevance to SHS Students.
The hands are the most symbolized part of the human body. It is often used to depict
skill, action and purpose. Through our hands we may learn, create and accomplish. Hence,
the hand in this learning resource signifies that you as a learner is capable and empowered
to successfully achieve the relevant competencies and skills at your own pace and time. Your
academic success lies in your own hands!
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 resource while being an active learner.

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This module has the following parts and corresponding icons:

What I Need to Know This will give you an idea of the skills or competencies
you are expected to learn in the module.

What I Know This part includes an activity that aims to check

what you already know about the lesson to take.
If you get all the answers correct (100%), you may
decide to skip this module.

What’s In This is a brief drill or review to help you link the current lesson with the
previous one.

What’s New In this portion, the new lesson will be introduced

to you in various ways such as a story, a song, a
poem, a problem opener, an activity or a situation.

What is It This section provides a brief discussion of the lesson. This aims to
help you discover and understand new concepts and skills.

What’s More This comprises activities for independent

practice to solidify your understanding and skills of the topic. You may check
the answers to the exercises using the Answer Key at the end of the module.

What I Have Learned This includes questions or blank

sentence/paragraph to be filled in to process what you learned from the
lesson.

What I Can Do This section provides an activity which will help you transfer
your new knowledge or skill into real life situations or concerns.
This is a task which aims to evaluate your level
Assessment of mastery in achieving the learning competency.

In this portion, another activity will be given to

Additional Activities
you to enrich your knowledge or skill of the

lesson learned. This also tends retention of learned

concepts.
This contains answers to all activities in the
Answer Key module.

At the end of this module you will also find:

References This is a list of all sources used in developing

this module.

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The following are some reminders in using this module:

1. Use the module with care. Do not put unnecessary mark/s on any part of the
module. Use a separate sheet of paper in answering the exercises.
2. Don‟ t forget to answer What I Know before moving on to the other activities
included in the module.
3. Read the instruction carefully before doing each task.
4. Observe honesty and integrity in doing the tasks and checking your answers.
5. Finish the task at hand before proceeding to the next.
6. Return this module to your teacher/facilitator once you are through with it.
If you encounter any difficulty in answering the tasks in this module, do not hesitate to
consult your teacher or facilitator. Always bear in mind that you are not alone.
We hope that through this material, you will experience meaningful learning and gain
deep understanding of the relevant competencies. You can do it!

What I Need to Know?

This module was written for you to accomplish at home. It was carefully
designed so that you can work at your own pace and allow self-discovery of the
concept through activities that you will perform. Activities were also selected to allow
independent learning which also aims to develop your reading comprehension skills
through understanding written texts. It covers many different learning situations
where you can relate your personal experiences on different practical scenarios about
Entrepreneurship.

After going through this module, you are expected to:

1. Increase your knowledge about entrepreneurship.
2. Determine the relevance of Entrepreneurship to your everyday life and to
the society as a whole.

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.

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KWL Chart
Topic Know Want to know Learned

Concept of
Entrepreneurship

Relevance of
Entrepreneurship
to your everyday
life

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

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?

What’s In

The word “entrepreneur” is derived from the French verb enterprendre, which
means „to undertake‟ . This refers to those who “undertake” the risk of new
enterprises. An enterprise is created by an entrepreneur. The process of creation is
called “entrepreneurship” (www.yourarticlelibrary.com).

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.
1. A person who undertakes the risk of starting a new business venture.
2. It is high-risk, but also can be high-reward as it serves to generate economic
wealth, growth, and innovation.
3. Creates a firm, which aggregates capital and labor in order to produce goods
or services for profit.
4. It is an important driver of economic growth and innovation.
5. Creates a business plan, hire labor, acquire resources and financing, and
provide leadership and management for the business.

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What’s New?

Entrepreneurship is one of the resources economists categorize as integral to

production; the three resources are land/natural resources, labor and capital. An
entrepreneur combines these three to manufacture goods or provide services. They
typically create a business plan, hire labor, acquire resources and financing, and
provide leadership and management for the business (www.investopedia.com).

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.

Column A Column B
1. It involves developing new products or improving existing A. Livelihood
technologies, processes, designs and marketing to solve
problems, increase efficiency, reach new customers, and
ultimately increase profits.
2. Involves sale or lease of any product, service, equipment, B. Entrepreneurship
etc. that will enable the purchaser-licensee to begin a
business.
3. Refers to the act of creating a business or businesses while C. Social Change
building and scaling it to generate a profit.
4. Refers to their "means of securing the basic necessities D. Socioeconomic
(food, water, shelter and clothing) of life".
5. The system of production, distribution and consumption. E. Business
The overall measure of a currency system; as the national Opportunity
economy.
6. Is a person who sets up a business with the aim to make F. Business Venture
a profit.
7. Refers to any significant alteration over time in behavior G. Relevance
patterns and cultural values and norms.
8. Related to the differences between groups of people caused H. Business
mainly by their financial situation. Innovation
9. It is a new business that is formed with a plan and I. Entrepreneur
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.
10. It is simply the noun form of the adjective "relevant," which J. Economy
means "important to the matter at hand."

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What is It

Take a deep breath then you may start reading the lesson
1 and 2 below about the overview of entrepreneurship and its
relevance to SHS Students.

Lesson
1 Overview of Entrepreneurship

Meaning of Entrepreneurship and Entrepreneur (www.investopedia.com,

www.reference.com, www.europeanentrepreneurship.com)

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. No restricting
schedules. 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 is 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.

Entrepreneurship in the Philippines (Batalla, V. (2011)

The notion of the entrepreneur as simply one who forms and manages
business is apparent in government programs that attempt to develop small-scale
industries. In the Philippines, many entrepreneurial development-training programs
rest on such assumptions. But even without the presence of government support,
the statistics for the past fifty years or so on the number of business establishments
formed every year would generally show an increasing trend. They were mostly in
food processing, property development, and trade (including shopping malls).

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-
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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 the Zobel family (Ayala), the Lopez clan, Lucio Tan, Henry Sy, John
Gokongwei, Alfonso Yuchengco, Eduardo Cojuangco Jr., Jose Yao Campos
(Unilab Group of Companies), George Ty (Metrobank), Mariano Que (Mercury
Drug), and Tony Tan-Caktiong (Jollibee).

Lesson Relevance of Entrepreneurship to

2 SHS Students

Importance of Entrepreneurship (www.reference.com)

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

(www.europeanentrepreneurship.com)

1. To prepare students for livelihood even before college.

2. Entrepreneurship education aids students from all socioeconomic
backgrounds to think outside the box and nurture unconventional talents and
skills.
3. 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. It exposes students to numerous opportunities to learn how to think critically
and analyze the pieces on the board.
5. Being aware of all the important factors and seeing how they affect each other
is the foundation of a smart decision-making process.
6. Students have to be exposed to real-world examples and learn from their own
experience.
7. Entrepreneurship education requires students to be innovative, creative and
collaborative with others.
8. Entrepreneurship education provides budding entrepreneurs with the skills
and knowledge to come up with business ideas and develop their own
ventures.
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What’s More

LET US HAVE SOME FUN!

Independent Activity 1. Picture Analysis. Analyze the picture below then answer
the corresponding guide questions. Write your answer in a yellow paper.

https://images.search.yahoo.com

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.

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

Items Answer
A.
1. Give the three (3) business
B.
resources
C.
A.

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Learning Module for Senior High School Accountancy , Business and Management
2. Give three (3) importance of B.
Entrepreneurship to the C.
economy.
3. Give three (3) relevance of A.
Entrepreneurship to B.
the you as a student C.
4. Give three (3) known families A.
who owned the big Corporations B.
in the Philippines.
C.

5. Give three characteristics of an A.

Entrepreneur. B.
C.

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.
KWL Chart
Topic Know Want to know Learned
Overview of I have learned that
Entrepreneurship ….

Relevance of
Entrepreneurship
to SHS Students

What I Need to Reflect

Embarking on the entrepreneurial career path to “being your own boss”

is exciting. But along with all your research, make sure to do your homework
about yourself and your situation (investopedia.com).

A Few Questions to Ask Yourself (ww.investopedia.com)

• Do I have the personality, temperament, and mind-set of taking on the
world on my own terms?

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• Do I have the required ambiance and resources to devote all my time to
my venture?
• Do I have the required network to seek help and advice as needed?
• Have I identified and built bridges with experienced mentors to learn
from their expertise?
• Have I identified my target customer base for the initial phase?
• Have I identified sales and distribution channels?
• Who are the funding sources I may need to approach to make this big?
• What technical infrastructure do I need?

What I Can Do?

DIRECTIONS: After you have filled-in the L component on the chart,

please work on the WORK IN PROGRESS

You are tasked to conceptualize your future business plan which you can work
on as we discuss our next lessons and later you may venture into after finishing this
subject.

Congratulations! You are almost done in this lesson. Please proceed

to the next part which is the assessment.

Assessment

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 C. Entrepreneur
B. Finance Officer D. Broker
2. Which of the following is not a definition of Entrepreneurship?
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A. It creates opportunities, ensures social justice, instills confidence and
stimulates the economy.
B. It is an important part of the economic growth strategies of many local and
national governments around the world.
C. Refers to a person who sets up a business with the aim to make a profit.
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?
A. It generates new wealth in an economy.
B. It aids students from all socioeconomic backgrounds to think outside the
box.
C. It creates opportunities and ensures social justice.
D. It creates job.
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.
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. Which of the following words is not associated with entrepreneur?
A. innovative C. collaborative
B. impulsive D. Creative

Congratulations!!! You are done in this module. You

may now proceed in the next module. See you next time…

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.
2.
3.
4.
5.

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References

Book

Teacher guide donated by Higher Education Department to DepEd Websites

Batalla, V. (2011). Entrepreneurship and Philippine Development. Retrieved

from: https//www.academia.edu/26552052/Entrepreneurship_and
Philippine_ Development

Hayes, A. (2020). Entrepreneur Retrieved from: https://www.investopedia.

com/terms/e/entrepreneur.asp

Entrepreneurship: Characteristics, Importance, Types, and Functions of

Entrepreneurship, Retrieved from: https://www.yourarticlelibrary.
com/

What Is the Importance of Entrepreneurship? Retrieved from:

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

Why We Need to Study and Learn Entrepreneurship? Retrieved from:

https://www.europeanentrepreneurship.com/need-study-
learnentrepreneurship-education/

For inquiries or feedback, please write or call:

Department of Education - Bureau of Learning Resources (DepEd-BLR)

Ground Floor, Bonifacio Bldg., DepEd Complex

Meralco Avenue, Pasig City, Philippines 1600

Telefax: (632) 8634-1072; 8634-1054; 8631-4985

Email Address: blr.lrqad@deped.gov.ph * blr.lrpd@deped.gov.ph

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Answer Key

What I Know
KWL Chart
Topic Know Want to know
• Entrepreneurship is the act of What is the difference of
Concept of creating a business to get a Entrepreneurship and
Entrepreneurship profit. Entrepreneur?
• Entrepreneurship is an What is the
important driver of economic contribution of
growth and innovation. entrepreneurship to the
• Entrepreneurship is high-risk, society? What are the
but it serves to generate characteristics of
economic wealth, growth, and entrepreneurs? How
innovation. Entrepreneurship
started in the
• Entrepreneurship impact the
Philippines?
economy
What is
• Entrepreneurship help Entrepreneurship?
economies.
• Entrepreneurship add to the
gross national income
• Entrepreneurship create social
change
• Entrepreneurship play a key
role in any economy.
Relevance of 1. To prepare students for Why do we need to study
Entrepreneurship livelihood even before college. Entrepreneurship?
to your everyday 2. Entrepreneurship education Why Entrepreneurship
life aids students from all is offered in the Senior
socioeconomic backgrounds to High School?
think outside the box and How can we use
nurture unconventional talents Entrepreneurship in our
and skills. daily life?
3. Entrepreneurship develops
their initiative and helps them
to be more creative and
selfconfident 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.
5. Being aware of all
the

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

What’s In
1. Entrepreneur
2. Entrepreneurship 3. Entrepreneur
4. Entrepreneurship
5. Entrepreneur
What’s New
1. H
2. E
3. B
4. A
5. J
6. I
7. C
8. D
9. F
10. G

What’s More
Independent Activity 1. Picture Analysis
1. Delivery Services like grab food
2. Online Selling of food products and hygiene products like soap, etc.
3. To make fashionable face masks
4. E-Loading services
5. Events hosting using app like zoom

Independent Activity 2. Enumeration

Items Answer
1. Give the three (3) A. Land
business resources B. Labor

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C. Capital
A. Entrepreneurship generates new wealth in an
economy.
B. Entrepreneurship decreases poverty.
2. Give three (3) C. It creates opportunities, ensures social justice,
importance of instills confidence and stimulates the economy. D.
Entrepreneurship to Entrepreneurship improves productivity
the economy. E. Entrepreneurs create jobs.
F. Entrepreneurs innovate.
G. Entrepreneurs create innovation and social change
H. Entrepreneurs give to society
3. Give three (3) A. To prepare students for livelihood even before
relevance of college.
Entrepreneurship to B. Entrepreneurship education aids students from all
the you as a student socioeconomic backgrounds to think outside the
box and nurture unconventional talents and skills.
C. 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.
D. It exposes students to numerous opportunities to
learn how to think critically and analyze the pieces
on the board.
E. Being aware of all the important factors and seeing
how they affect each other is the foundation of a
smart decision-making process.
F. Students have to be exposed to real-world examples
and learn from their own experience.
G. Entrepreneurship education requires students to be
innovative, creative and collaborative with others.
H. Entrepreneurship education provides budding
entrepreneurs with the skills and knowledge to
come up with business ideas and develop their own
ventures.

4. Give three (3) known Zobel family (Ayala), the Lopez clan, Lucio Tan,
families in the who Henry Sy, John Gokongwei, Alfonso Yuchengco,
owned the big Eduardo Cojuangco Jr., Jose Yao Campos (Unilab
Corporations in the Group of Companies), George Ty (Metrobank), Mariano
Philippines. Que (Mercury Drug), and Tony TanCaktiong (Jollibee).

5. Give three A. Innovative, Resourceful

characteristics of an B. Creative, Hardworking
Entrepreneur.
C. Critical Thinker, Risk Taker, etc

Assessment
1. C
2. C
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3. A
4. C
5. B
Additional Activities
1. To gain profit and earn a living.
2. To fulfil my dream to become an entrepreneur.
3. To enhance my entrepreneurial skills.
4. To help the economy grow.
5. To provide employment for the Filipinos.
6. To increase supply of products and services.
7. To create social change.
8. To improve the quality of goods and services.
9. To improve the quality of life.
10. To prevent monopoly.

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