LESSON 10:
BUSINESS OPPORTUNITIES IDENTIFICATION
Most Essential Learning Competency:
Apply business principles, tools, and techniques in participating in various types of industries
in the locality.
Learning Targets
1. I can identify the different business opportunities in the Philippines.
2. I can apply business principles, tools, and techniques in participating in various types
of industries in the locality.
Important Concepts
Business SWOT
Opportunities PESTLE
Business Organization Porter’s Five Forces
Environmental
Analysis
Topics
1. Business Opportunities
2. Business Organization
3. Business Competition
4. Environmental Analysis
Map of Conceptual Change
In the Schema Map below, write three statements of Schema to show your understanding
about the nature and scope of economics. After you have completed this lesson, write three
statements of new things you have learned.
SCHEMA MAP
SCHEMA 1.
2.
3.
NEW 1.
LEARNING
2.
3.
A. Motivation/ Hook Activity:
Directions: Scan the QR code to watch the video and answer the following questions
Watch the video:
Coronavirus: Who could make money from the outbreak?
https://www.youtube.com/watch?v=c9M-HloGXBs&t=29s
Guide Questions:
1. What is the main idea of the video?
2. What are the commonalities of the said businesses?
3. As an entrepreneur, how can you make our crisis a business
opportunity?
B. Presentation of the Lesson
1. Business Opportunities
Watch the video to know and compare a business idea and opportunity
Scan the QR code:
Business Ideas vs. Opportunities
https://www.youtube.com/watch?v=Yi1N_fd_N7k
A business opportunity, in the simplest terms, is a packaged business investment that
allows the buyer to begin a business.
Business opportunity classification
Not every business opportunity has the same functioning principle. Let’s take a look
at the four most common types of venture opportunities and their examples:
1. Franchising
We have already explained how this type of business opportunity works. It is the best
choice for entrepreneurs who do not like experimenting.
2. Distributing and dealing
A distributor agrees to sell products and/or services another company makes or
provides.
A dealer is pretty much the same as a distributor, but this person focuses more on the
product they are selling.
3. Network Marketing
A network marketer is a person who strives to recruit other marketers in order to
create a network of distributors. If they are good at what they do, they can earn
considerable income through commissions made by the distributors working for
them.
ACTIVITY: What opportunity you will use?
Directions: By using an appropriate decision-making tool in the previous lesson, compare
and contrast the four common types of venture opportunities especially in Philippine
business environment.
2. Business organization
A. Types of Business:
B. Forms of Business Organization:
Business Advantages Disadvantages
Organization
Owner is 100% liable for
All profits are subject to the owner. business debts.
There is very little regulation for Equity is limited to the
Sole
proprietorships. owner’s personal resources.
Proprietorshi
Owners have total flexibility when Ownership of proprietorship
p
running the business. is difficult to transfer.
Very few requirements for starting No distinction between
—often only a business license personal and business
income.
Shared resources provide more
Each partner is 100%
capital for the business.
responsible for debts and
Each partner shares the total profits
losses.
of the company.
Partnership Selling the business is
Similar flexibility and simple
difficult—requires finding
design of a proprietorship.
new partner.
It is inexpensive to establish a
Partnership ends when any
business partnership, formal or
partner decides to end it.
informal.
Corporation Limits liability of the owner to Corporate operations are
debts or losses costly.
Profits and losses belong to the Establishing a corporation is
costly.
corporation.
Start a corporate business
Can be transferred to new owners
requires complex
fairly easily.
paperwork.
Personal assets cannot be seized to
With some exceptions,
pay for business debts.
corporate income is taxed
twice.
A cooperative organization
A cooperative organization is
entails longer decision-
owned and controlled by members.
making process.
It has a democratic control: one
It requires members to
member, one vote.
participate for success.
This type of organization has a
Extensive record keeping is
limited liability.
Cooperative necessary in this form of
Profit distribution (surplus
organization.
earnings) to members is carried on
It has less incentive, and
in proportion to the use of service;
there’s also a possibility of
surplus may be allocated in shares
development of conflict
or cash.
between members.
3. Business competition
Competition in business is the contest or rivalry among the companies selling
similar products and/or targeting the same target audience to get more sales, increase
revenue, and gain more market share as compared to others.
A. Performance Competition
B. Head to Head Competition
C. Controlling Supplies
D. Advertising and Marketing
E. Distribution
F. Predatory Competition
4. Environmental Analysis
It is concerned with a broad assessment of the factors that affect the
environmental industry. There are three common used environmental analysis:
SWOT, PESTLE and PORTER’S FIVE FORCES
a. SWOT
SWOT (strengths, weaknesses, opportunities, and threats) analysis is a
framework used to evaluate a company's competitive position and to develop
strategic planning. SWOT analysis assesses internal and external factors, as
well as current and future potential.
b. PESTLE
It stands for political, economic, sociocultural, technological, legal, and
environmental. It is an analytical tool available to companies to determine
how external factors influence their operations and make them more
competitive in the market.
c. PORTER’S FIVE FORCES
It is an analytical model used to help identify the structure of an industry and
to help companies determine their competitive strategies. The model was
developed by Harvard Business School professor Michael E. Porter as part of
his book "Competitive Strategy: Techniques for Analyzing Industries and
Competitors," published in 1980.
ACTIVITY: Environmental Analysis
Directions: From the Philippine business of your choosing, create a SWOT, PESTLE and
PORTER’S FIVE FORCES analysis. Limit your reasons within three statements per
factors per analysis.
Asynchronous – Formative Assessment
Answer a short assessment on our educational learning platform.
Values Integration
Community We continue to seek progress for the benefit of ourselves and for others
Write your reflection here:
**Summative Test will be administered by the teacher
