FINAL EXAMINATION REVIEWER

ENTREPRENEURSHIP
STEM 12 | 1st SEM - 2ND GRADING

LESSON 1 : KEY COMPONENTS AND A PLANNER - collects information, prepares a

RELEVANCE OF plan, and monitors performance
CREATIVITY - the ability to come up with clever,
ENTREPRENEURSHIP workable solutions
COMMUNICATION SKILLS - the ability to
ENTREPRENEURSHIP express yourself and to understand others so
The concept of developing and managing a that ideas can be shared
business venture in order to gain profit RELATION SKILLS - the ability to get along with
others, to inspire cooperation, confidence and
IMPORTANCE OF ENTREPRENEURSHIP loyalty
ECONOMIC GROWTH - The success of the
products and services created and sold by
entrepreneurs cascades to other businesses and
LESSON 2 : RECOGNIZING
markets. POTENTIAL MARKET
WEALTH GENERATION - Entrepreneurs
frequently target new markets and tap audiences SOURCE OF
outside the focus of established firms. This
creates new sources of revenue and profits.
SOCIAL CHANGE - The innovative goods and
services entrepreneurs offer improve outdated
processes and technologies.
COMMUNITY DEVELOPMENT - Entrepreneurs
foster a sense of community among people with
common goals and interests, whether in a single
neighborhood or across continents.

KINDS OF ENTERPRISES
MICRO ENTERPRISES - Have no more than 1-9
employees with an asset of not more than 3
million pesos
SMALL ENTERPRISES - Have 10-99
employees with an asset of 3-15 million pesos
MEDIUM ENTERPRISES - Have 100-199
employees with an asset of 15-100 million pesos

MSME IN THE PHILIPPINES IS DEFINED AS

ANY BUSINESS ACTIVITY OR ENTERPRISE
ENGAGED IN INDUSTRY, AGRI-BUSINESS
AND/OR SERVICES THAT HAS: (1) AN ASSET
SIZE (LESS LAND) OF UP TO PHP100
MILLION: AND (2) AN EMPLOYMENT SIZE
WITH LESS THAN 200 EMPLOYEES

MICRO (below 3 Million) - 1-9 employees

SMALL (3-15 Million) - 10-99 employees
MEDIUM (15-100 Million) 100-199 employees
LARGE (above 100 Million) - 200 above
employees

QUALITIES OF AN ENTREPRENEUR
HAVE INITIATIVE - does things before being
asked
PROACTIVE - identifies and utilizes
opportunities
PERSEVERANCE - works against all odds to
overcome obstacles
PROBLEM-SOLVER - introduces innovative
solutions to obstacles
PERSUASION - convinces customers an
financiers to patronize his business
SELF-CONFIDENCE - having a firm belief in
your own capabilities and your chances of
success.
SELF-CRITICAL - learns from his mistakes and
from experiences of others

SHANE OCERA || GRADE 12 - LYRA