Republic of the Philippines

Department of Education
Region VIII
Schools Division of Samar
Catbalogan City
RAMON T. DIAZ NATIONAL HIGH SCHOOL
Gandara, Samar

LEARNING ACTIVITY SHEET IN ENTREPRENEURSHIP

TOPIC : LESSON 1: Overview of Entrepreneurship
MELC & CODE : Discuss the relevance of the course
WEEK NO. 1 :
BACKGROUND INFORMATION FOR LEARNERS:

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-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 2 : Relevance of Entrepreneurship to SHS Students
BACKGROUND INFORMATION FOR LEARNERS:

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.

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?

 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?

Prepared by:

EVANGELINE S. VASQUEZ
SST-II
 SUBJECT TEACHER
Republic of the Philippines
Department of Education
Region VIII
Schools Division of Samar
Catbalogan City
RAMON T. DIAZ NATIONAL HIGH SCHOOL
Gandara, Samar

WK 1 ACTIVITY in ENTREPRENEURSHIP
TEST I. 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.
TEST II. Definition of Terms:
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 technologies, processes, A. Livelihood
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, etc. that will enable B. Entrepreneurship
the purchaser-licensee to begin a business.
3. Refers to the act of creating a business or businesses while building and scaling it to C. Social Change
generate a profit.
4. Refers to their "means of securing the basic necessities (food, water, shelter and D. Socioeconomic
clothing) of life".
5. The system of production, distribution and consumption. The overall measure of a E. Business Opportunity
currency system; as the national economy.
6. Is a person who sets up a business with the aim to make a profit. F. Business Venture
7. Refers to any significant alteration over time in behavior patterns and cultural values G. Relevance
and norms.
8. Related to the differences between groups of people caused mainly by their financial H. Business Innovation
situation.
It is a new business that is formed with a plan and expectation that financial gain will I. Entrepreneur
follow. It is usually formed out of a need for a service or product that is lacking in the
market.
It is simply the noun form of the adjective "relevant," which means "important to the J. Economy
matter at hand."
 Republic of the Philippines
Department of Education
Region VIII
Schools Division of Samar
Catbalogan City
RAMON T. DIAZ NATIONAL HIGH SCHOOL
Gandara, Samar
FORMATIVE ASSESSMENT in ENTREPRENEURSHIP
DIRECTION: 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 B. Finance Officer C. Entrepreneur D. Broker

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

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 B. impulsive C. collaborative D. Creative

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.
TEST 1 What’s In

1. Entrepreneur 2. Entrepreneurship 3. Entrepreneur 4. Entrepreneurship 5. Entrepreneur

TEST II What’s New

1. H 2. E 3. B 4. A 5. J

6. I 7. C 8. D 9. F 10. G

Assessment 1. C 2. C 3. A 4. C 5. B