ENTREPRENEURSHIP

Learning Partner

Mr. Ryan Billie V. Moran, MICB

Mr. Mark Anthony D. Religioso
 M E S S A G E

Dear SPCians,

Entrepreneurship is an applied track subject in

Senior High School that tackles the concepts and processes,
including implementation, of a business plan. All strands in
senior high school is undertaking this subject, not only the
business strand, because entrepreneurship is for everyone.
Hence, keep in mind the importance of the subject.

Each lesson of this module is composed of

engagement, exploration, explanation, extension, and
evaluation parts. These will help and guide you in self-
educating, most particularly when it comes to the theories
required to be understood in the subject. Take note that the
development of business plan procedures shall be made in
online class and are therefore not included in this module.

MR. RYAN BILLIE V. MORAN, MICB

Senior High School Faculty Member
San Pablo Colleges
Good day SPCians!

This module is intended to help you understand the

course Entrepreneurship and its principles. The course will
aid you, students, in unleashing your creativity and
imagination towards creating business ideas with the help of
basic topics and ideas. This collaborative effort initiated by
Sir Billy Moran will make you interested and indulge on the
hows, whys, what and which of building business even if you
are not business students.

Being a business owner does not require you to

finish any business course, as long as you are passionate
and you know and understand the basics, you can truly be a
successful ENTREPRENEUR!

Come and let’s explore! Let us all dive into what

ENTREPRENEURSHIP is!

MR. MARK ANTHONY D. RELIGIOSO

Senior High School Faculty Member
San Pablo Colleges
 GENERAL INSTRUCTIONS
This module contains all the lessons for the course Entrepreneurship. Every lesson
consists of five different parts called the 5 Es. They are: Engagement, Exploration,
Explanation, Extension and Evaluation.

In the engagement part lies an activity wherein we are

introducing you what the topic is all about or at least giving you
hint in an interesting manner.

The second part is the exploration. In this part, we will now indulge
to the content of our lesson, it can be compared to the discussion
phase in the traditional classroom setting, we will know the what,
where, whys and hows of the lesson. Take note: in every
exploration part, you need to highlight the new words/phrases you
encounter within the lesson then WRITE it in the EXPLORATION
CHECKPOINT after reading. This activity will be done all
throughout the module therefore do not forget about it okay?

The next part is the explanation. We prepared questions for you

to deeply understand the lesson. With the help of the
exploration checkpoint, you can easily explain the ideas given
in the lesson. This will also help us to see whether you can
provide additional understanding to the topic given. So be ready
to explain what you have learned!

The fourth E is extension. In this part, there is a worksheet

wherein we are now expanding and elaborating the complexity of
the idea we obtained from the exploration and explanation! We
are nearing to the end of the lesson whenever we are doing the
extension part! So, don't give up now!

Lastly, the evaluation part, this portion of the lesson will now
help us to assess if the other parts of the module helped
students in gaining the necessary information that is needed to
be obtained. These are like the quizzes and tests that we are
doing in the traditional classroom. This will show whether you
truly understand everything so please do not cheat and do your
best to answer.
Engagement Exploration Explanation Extension Evaluation

Remember, the module must be

returned every 2 weeks for us to
assess and check all of the activities.
So, it is a must to finish everything on
the given deadlines. Good luck and
enjoy reading, highlighting and
understanding
ENTREPRENEURSHIP!
 Entrepreneurship involves such a range of activities and
levels of analysis that no single definition is definitive. –
Lichtenstein (2011, p. 472)

Learning Objectives
At the end of the lesson, you should be able to:
1. Define what is entrepreneurship;
2. describe the relevance of studying entrepreneurship; and
3. determine opportunities through entrepreneurship awareness.

OVERVIEW

Entrepreneurship is the act of being an entrepreneur or “one who undertakes

innovations, finance and business acumen in an effort to transform innovations into
economic goods”. This may result in new organizations or may be part of revitalizing
mature organizations in response to a perceived opportunity. The most obvious form of
entrepreneurship is that of starting new businesses (referred as a startup company);
however, in recent years, the term has been extended to include social and political forms
of entrepreneurial activity. When entrepreneurship is describing activities within a firm or
large organization it is referred to as intrapreneurship and may include corporate
venturing, when large entities spin-off organizations.

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 ENGAGEMENT

https://www.freepik.com/premium-vector/woman-asking-question-vetor-cartoon-illustration_6539297.htm

What can we say about the picture in relation to our topic? Who do we think is the
entrepreneur between the two? Explain your answer.
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 What leads a person to strike out on his own and start a business? Sometimes it
is a proactive response to a negative situation. Perhaps a person has been laid off once
or more. Sometimes a person is frustrated with his or her current job and doesn’t see any
better career prospects on the horizon. Sometimes a person realizes that his or her job
is in jeopardy. A firm may be contemplating cutbacks that could end a job or limit career
or salary prospects. Perhaps a person already has been passed over for promotion.

Perhaps a person sees no opportunities in existing businesses for someone with

his or her interests and skills. Some people are actually repulsed by the idea of working
for someone else. They object to a system where reward is often based on seniority rather
than accomplishment, or where they have to conform to a corporate culture. Other people 1
decide to become entrepreneurs because they are disillusioned by the bureaucracy or
politics involved in getting ahead in an established business or profession. Some are tired
of trying to promote a product, service, or way of doing business that is outside the
mainstream operations of a large company.

In contrast, some people are attracted to entrepreneurship simply for the sake of
the advantages of starting a business. These include:

• Entrepreneurs are their own bosses. They make the decisions. They
choose whom to do business with and what work they will do. They decide what
hours to work, as well as what to pay and whether to take vacations.
• Entrepreneurship offers a greater possibility of achieving significant
financial rewards than working for someone else.
• It
provides the ability to be involved in the total operation of the business,
from concept to design and creation, from sales to business operations and
customer response.
• It offers the prestige of being the person in charge.
• It gives an individual the opportunity to build equity, which can be kept, sold,
or passed on to the next generation.
• Entrepreneurship creates an opportunity for a person to make a
contribution. Most new entrepreneurs help the local economy. A few—through their

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 innovations—contribute to society as a whole. One example is entrepreneur Steve
Jobs, who co-founded Apple in 1976, and ignited the subsequent revolution in
desktop computers.

Some people evaluate the possibilities for jobs and careers where they live and
make a conscious decision to pursue entrepreneurship.

No one reason is more valid than another; none guarantees success. However, a
strong desire to start a business, combined with a good idea, careful planning, and hard
work, can lead to a very engaging and profitable endeavor.

“If you can dream it, you can do it.” -

Walt Disney

Benefits to Senior High School Students

1. Adaptation of concepts and strategies for idea generation.

2. Evaluate feasibility of ideas.
3. Discovery of entrepreneurial innovators to start their own business.
4. Consider ethical and legal business practices.
5. Write a micro business plan.
Usefulness of the Course to the Students
1. Develop skills in starting up a business.
2. Demonstrate skills in maintaining business in long term basis.
3. Enhances knowledge of business operations and expansion.
4. Demonstrates business management.
5. Considers becoming employer than employee.
6. Changes in personal and career attitudes including: communication; problem
solving; self-management /personal responsibility; collaboration/networking;
creativity and teamwork.

Importance of Entrepreneurship Education

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1. Entrepreneurship education is very important to our economy as key driver. -
Shoe Mart
2. Entrepreneurship education is an individual lifelong learning process.
3. Entrepreneurship will energize school management.
4. Entrepreneurship will transform learners to be innovators.

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 EXPLANATION

LESSON 1: INTRODUCTION TO ENTREPRENEURSHIP

Name: Score:
Section: Date:

Answer the following questions based on your own understanding.

1. What is an entrepreneur?
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2. Why are people attracted to entrepreneurship? What are its benefits?
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3. How does learning entrepreneurship benefit you as a student?
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 EXTENSION

LESSON 1: INTRODUCTION TO ENTREPRENEURSHIP

Name: Score:
Section: Date:

What is your dream business? How is it going to help your life in the future?
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 EVALUATION

LESSON 1: INTRODUCTION TO ENTREPRENEURSHIP

Name: Score:
Section: Date:

True or False. Write true if the statement is correct, and false if otherwise.
_______________ 1. Entrepreneurs are their own bosses.
_______________ 2. Entrepreneurship offers the prestige of being the person in
charge.
_______________ 3. Having a business is sometimes a proactive response to
negative situations.
_______________ 4. Entrepreneurship is important for a student because it does not
evaluate feasibility of ideas.
_______________ 5. This subject is concerned for one to be employed rather than to
be an employer.
_______________ 6. Entrepreneurship is the act of being an entrepreneur.
_______________ 7. Businessmen ignore innovations.
_______________ 8. Entrepreneurship offers a greater possibility of achieving
significant financial rewards than working for someone else.
_______________ 9. Part of the course is writing a macro business plan.
_______________ 10. This course will lead us to the discovery of entrepreneurial
innovators to start their own business.

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 LESSON 2
ENTREPRENEURIAL COMPETENCIES

Learning Objectives
At the end of the lesson, you should be able to:
1. Compare the personal characteristics of entrepreneurs in the
past and today;
2. Identify the different entrepreneurial competencies; and
3. analyze how one become a competent entrepreneur.

OVERVIEW

Entrepreneurs are found everywhere around the globe. They are a distinct group
of business people who contribute to the development of society. The word,
“entrepreneur,” is derived from the French word, entreprende, meaning, to undertake.”
The entrepreneur is the founder and creator of the enterprise who makes use of the
opportunities that abound to start or grow a business, knowing that there are risks
involved in such undertaking. Over the year, the number of people, especially women,
choosing to become entrepreneurs has risen dramatically. This is despite the fact that
they face situations that tend to overload their information-processing capacity, and are
characterized by high levels of uncertainty, novelty, emotion, and time pressure amidst a
dynamic and complex environment. Why do entrepreneurs think differently from other
people?

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 ENGAGEMENT

FOUR PICS 1 WORD

Can you guess the word by looking at these pictures?

___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___

Good job!

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 EXPLORATION

Concepts of Entrepreneurs Today

There is no universal definition of an entrepreneur. Being an entrepreneur means
different things to different people. Globalization is coupled with changes in the social,
economic, political, and technological environment. These factors altered the specific
dimensions of being an entrepreneur. What is emerging as the characteristics of
entrepreneurs today is shown in the table below:
Entrepreneur Dimension In the Past Today
Educational Attainment Less Educated Highly Educated
Age Older Younger
Mixed ownership by
Gender Dominated by males
women and men
Less business and More business or
Previous Experience
employment experience employment experience
Knows the core business
Knowledge of Business Knows the trade at large
and its operation
Proficient in and uses to a
Utilization of Information
Relies on manual systems large extent information
Technology
technology
Values innovation for new
Innovation Orientation Automation for efficiency venture creation and
discovery
Economic and financial Social, ecological and
Goal
gains economic gains
Compliance and Ethical, transparent, and
Principle of Governance
centralized group accountability
More flexible to better
Highly structured to meet
Use of Work Structure balance their work and
work demands
family lives
Leadership Style Directing Empowering
Drive Orientation To get ahead To make a difference
Perspective of Self-
“I can do it” “We can do it”
confidence

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Entrepreneurial Competencies

Entrepreneurial competencies are important in many ways. They facilitate

opportunity recognition, help adapt rapidly to changes, enhance business performance,
strengthen the firm’s competitive position, and, ultimately, stir the achievement of
organizational success. These are the six competency areas grouped together for
entrepreneurs:
• Opportunity competencies – competencies related to recognizing and
developing market opportunities through various means.
• Relationship competencies – competencies related to person-to-person or
individual-to-group-based interactions, e.g. building a context of
cooperation and trust, using contacts and connections, persuasive ability,
communication, and interpersonal skill.
• Conceptual competencies – competencies related to different conceptual
abilities, which are reflected in the behaviors of the entrepreneur, e.g.
decision skills, absorbing and understanding complex information, risk-
taking, and innovativeness.
• Organizing competencies – competencies related to the organization of
different internal and external human, physical, financial, and technological
resources, including team-building, leading employees, training, and
controlling.
• Strategic competencies – competencies related to setting, evaluating, and
implementing the strategies of the firm.
• Commitment competencies – competencies that drive the entrepreneur to
move ahead with the business.

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 EXPLANATION

LESSON 2: ENTREPRENEURIAL COMPETENCIES

Name: Score:
Section: Date:

Answer the following questions based on your own understanding.

1. Summarize the comparison between entrepreneurs of the past and of today.
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2. How can we say that a person is competent to be an entrepreneur?
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 EVALUATION

LESSON 2: ENTREPRENEURIAL COMPETENCIES

Name: Score:
Section: Date:

Complete the Venn Diagram. List down the characteristics of entrepreneurs of the past
and of today, and add their similarities based from what you learned from this lesson.

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 Lesson 3
Career Opportunities

Learning Objectives
At the end of the lesson, you should be able to:
1. Identify the various career opportunities open to students who
take Academic track, Arts, Sports, and TVL;
2. relate one’s professional capacity towards entrepreneurship;
and
3. enumerate careers where entrepreneurial skills are applicable.

Overview

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“Entrepreneurship is the best means for youth to adapt to a changing and highly
competitive job market in both rural and urban areas around the world.” (OECD n.d.).
One commonly cited definition comes from Harvard Business School professor
Howard Stevenson: “Entrepreneurship is the pursuit of opportunity without regard to
resource currently controlled.” According to Dave Valliere, professor of entrepreneurship
at Ryerson University, it means that you see an opportunity that is “so compelling,” you
have no other choice but to pursue it – even if you don’t have the necessary resources.
You simply assume that you’ll find a way to get it done (Adams 2012). Our world today is
changing rapidly like advancements in information technology, forging of alliances in
international politics, globalizing economy, and breakthroughs in science and technology.
Bearing these in mind, one of the best things about pursuing a career as an entrepreneur
is the wide-open possibilities. The possibilities in entrepreneurship are limitless.

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 ENGAGEMENT

What do you notice with the illustration above?

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 EXPLORATION

Entrepreneurship Career Opportunities for the Academic Track

The rewards can be great and abundant. Even the risks are certainly high too. But,
if anyone has the opportunity, conceptual, and organizing entrepreneurial competencies,
but not yet ready to start one’s own business, there are other ways to use entrepreneurial
skills. These may very well be the career options for you, as enumerated by Michalowicz
(2011):

Business consultant

There are many starting-up and struggling businesses that need people
who can go to a client site, identify problems, and fix them.

Sales

Someone who works in sales or runs the department needs to know how
businesses run. They need to know how to represent a company, manage
accounts, and follow up on leads.

Research and development (R&D)

To work in R&D, there is a need to understand business concepts,

systems, procedures, and practices.

Not-for-profit fundraiser

Being able to raise funds requires understanding the importance of

business and networking relationships.

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 Teacher

Teach students how to increase their entrepreneurial intention through

acquiring the attitude towards entrepreneurship, as well as the benefits of math to
business, history to innovation, and literature to persuasive advertising.

Talent recruiter

Companies who use recruiters rely upon someone being not just people
savvy, but having an in-depth business sense as well.

Business reporter

If one can write articles, or pick up a quick class to learn it, one is in a prime
position to take the lead on covering a local business beat.

There are other career opportunities that are open to people who have
entrepreneurship background and competencies. Careers in entrepreneurship are not
limited to particular job positions or specific business-related industries. The options are
numerous. The possibilities, as cliché as it may sound, is endless.

Career Opportunities Using Entrepreneurship Competencies for Students in the

Sports, Arts, and TVL Tracks

This will prove that in any career one may pursue, he or she can still be
entrepreneurs or apply their entrepreneurial skills in their fields. Listed below are the
career where one can apply his or her knowledge in entrepreneurship.
Fine Arts
• Artist • Art gallery manager
• Graphic designer • Curator
• Photographer • Arts administrator
• Illustrator • Secondary school teacher
• Film director

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Fashion Designing
• Designer wear production
• Fashion marketing, planning, and concept management
• Fashion media design production management
• Fashion accessory design, quality control, and promotion of brands
• Costume designer
• Fashion consultant and personal stylist
• Technical designer and graphic designer
• Production pattern maker
• Fashion coordinator

Sports Technical-Vocational-Livelihood
• Health club manager • Cook/Chef
• Strength, wellness or • Automotive Mechanic
conditioning coach • Electrician
• Fitness program or event • Technical Support
planning manager Specialist
• Professional or amateur • Tool keeper and
team manager Technician
• Sports facility manager • Data Analyst
• Corporate fitness director • Surveyor
• Rehabilitation center • Network Support
director Associate
• Nutrition center manager • Mechanical Technologist

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 EXPLANATION

LESSON 3: CAREER OPPORTUNITIES

Name: Score:
Section: Date:

Answer the following questions based on your own understanding of the lesson.

1. Is entrepreneurship applicable to anyone regardless of their career? Why or why

not?
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2. How can a business help a person who has a different profession?

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 II. Do you know somebody who is now a fully pledge business owner?
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Are they graduate of a business degree in college or not? How do their course/s help
them in operating their business? What are the skills they use in running their
business/es?

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 EVALUATION

LESSON 3: CAREER OPPORTUNITIES

Name: Score:
Section: Date:

TRUE OR FALSE. Write TRUE if the statement is correct, and FALSE if otherwise.
_______________ 1. Entrepreneurship is exclusive to those who took up business
courses.
_______________ 2. Graduates of Arts, Sports and TVL tracks can also apply
entrepreneurial knowledge in their careers.
_______________ 3. One can educate other people about entrepreneurship.
_______________ 4. Entrepreneurship is discouraging that is why it limits someone on
their career.
_______________ 5. Even non-professionals can be entrepreneurs too.

ENUMERATION.
1. List down five careers from arts, 2. List down five careers under
sports or TVL tracks where academic track where
entrepreneurial skills are applicable. entrepreneurial skills are applicable.
a. ________________________ a. ________________________
b. ________________________ b. ________________________
c. ________________________ c. ________________________
d. ________________________ d. ________________________
e. ________________________ e. ________________________

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Edralin, D. M. (2019). Entrepreneurship. Manila: Vibal Group, Inc.
Queensland Government. (2016, June 21). Business Queensland. Retrieved from
business.qld.gov.au: https://www.business.qld.gov.au/running-
business/marketing-sales/marketing-promotion/marketing-basics/seven-ps-
marketing
Smithson, E. (2015, October 14). Brandingmag. Retrieved from brandingmag.com:
https://www.brandingmag.com/2015/10/14/what-is-branding-and-why-is-it-
important-for-your-business/

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