#2

SENIOR HIGH SCHOOL DEPARTMENT

(SECOND SEMESTER)
OPENING PRAYER
 #2
SENIOR HIGH SCHOOL DEPARTMENT
(SECOND SEMESTER)
VISUAL PRESENTATION
 Identify the essentials of an entrepreneur’s
opportunity seeking.
 Define opportunity seeking, screening and

seizing.
 Explain the three (3) anatomy of an

entrepreneur.
 Identify and explain the characteristics of

an entrepreneur.
 Identify the potential sources of

opportunity.
Entrepreneurs are innovative opportunity seekers.
They have endless curiosity to discover new or
different ideas and see whether these ideas will
work in the marketplace.
 Opportunity screening is the process by
which entrepreneurs evaluate
innovative product ideas, strategies,
and marketing trends.
 It is the process of positively improving an
existing product or service.
 Entrepreneurs create value for
introducing new products or services or finding better
ways of making them.
 -innovation in terms of product design or addition
of new product features to existing ones
Improving their operational capability by employing

new technologies that will bring them greater

efficiency, better economies, and even enable them to
reach unparalleled superiority.
Consider expanding their reach by creating new

markets or maximizing market reach.

May totally change the prevailing business paradigm

by rendering it obsolete through the introduction of

disruptive technologies, processes and systems.
Essential to an
Entrepreneur’s
opportunity seeking;
i.Entrepreneurial mind
frame
ii.Heart Flame
iii.Gut game
-allows the entrepreneur to see things in a
very positive and optimistic light in the midst
of crisis or difficult situations. The
entrepreneur is able to use these problematic
situations as inspiration in creating something
innovative. In Chinese writing, the word
“crisis” is composed of two characters.-
DANGER AND OPPORTUNITY
-driven by passion, they are drawn to find
fulfillment in the act and process of discovery.
-Passion is that great desire to attain a vision
or fulfill a mission, entrepreneur is not easily
disheartened but is rather driven to persevere
even more.
-It is about EMOTIONAL INTELLIGENCE
OR EQ.
-this refers to the ability of
the entrepreneurs to sense
without using the five
senses. This is also known
as INTUITION.
-the gut game also connotes
courage or ‘LAKAS NG
LOOB’.
SOCIO-CULTURAL ENVIRONMENT
POLITICAL ENVIRONMENT
ECONOMIC ENVIRONMENT
ECOLOGICAL ENVIRONMENT
TECHNOLOGICAL ENVIRONMENT
Participants in an industry include:
1.Rivals or competitors in a particular
type of business. True Rivals or
competitors are those competing for
the same or similar markets
2.Suppliers of input to rivals as well as
suppliers of machinery and
equipment, suppliers of manpower
and expertise and supplies
merchandise.
3.Consumer market segments being
served by rivals or competitors.
4.Substitute products or services,
which customers shift or turn to.
5.All other support enabling industries.
 The entrepreneur must also be able to
measure the actual demand and supply as
well as the potential demand and supply of
the industry that the enterprise belongs to.
Equally important is the monitoring of the
prevalence of product substitutes and their
market impact on the existing players in the
industry.
 As an opportunity seeker, the entrepreneur
will surely discover other sources of
opportunities. Unexpected success (or
failures) can lead to good opportunities.
 Customer preferences change over time.
 People’s tastes in clothes, music, shoes,
entertainment, dance, sports, hobbies, and
even careers have evolved over the years.
 What piques customers is a great source of
opportunities.
 Before the customer is won over, there is
first a battle for the mind. Next, there is a
battle for the heart. Finally, there is a battle
for the wallet.
 The longer the customer wants to use the
product, the greater the chances of
creating lasting loyalty.
 Opportunities abound in shaping consumer
perceptions or occupying spaces in their
minds or places in their minds or places in
their hearts that have not yet been filled.
 New inventions, new system and work
process, new insights about the human
psyche, new application for new
knowledge, new revelations about how the
physical works.
 Determining personal preferences and
competencies lay the foundation for a new
business venture.
 Unexpected occurrences in both the

external and internal environment of

the enterprise indicate the significant
changes are happening and opportunities
are sprouting.
 Given the potential and actual supply and
demand situation, will there be a lot of
opportunities open for your existing or
envisioned enterprise in the future? What
are they? How attractive are these
opportunities?
 From what we have discussed in this lesson,
what do you think are the opportunities and
threats that you see from the macro
environment, industry, market, micro
market, and consumer perspective of the
business you intended to pursue or already
pursuing?
 As a future entrepreneur, discuss your self using
these characteristics given in the picture.
 Insert your digital photo at the center.

Rubric:

Content – 10%
Delivery and Presentation – 30%
Audio Visual – 10%

Overall output – 50%

 We thank you Lord for this
wonderful opportunity that
we have learned today. Bless
us oh Lord with your mercy
and wisdom. We thank you
Lord for everything and be
with us always. Amen