Republic of the Philippines

Department of Education
Region V (Bicol)
Schools Division of Albay
NAGA NATIONAL HIGH SCHOOL
Naga, Tiwi, Albay
Pioneer of Geothermal Education in the Philippines

ENTREPRENUE
RSHIP
Module 2 – Week 2
GERALD B. BEQUIO
Teacher II
 1
Lesson Competencies in Entrepreneurship and Job
opportunities for Entrepreneurship as a Career  Personal competencies – This are your abilities to ground yourself so that you are
3 secure and self-assured in whatever situation you may find yourself.
 Interpersonal competencies - It is the ability to lead, influence, communicate,
Expectations supervise, negotiate, and control people at all levels. It is the ability to get along with
people and motivate people to perform jobs. Entrepreneurs must effectively manage
After going through the module, you are expected to: people.
 Business competencies - is a set of particular abilities and knowledge that sets a
1. Gain insights about the competencies every Entrepreneur should company apart from its competitors. It also refers to the key characteristics that
develop. successful entrepreneurs should have in order to be successful.
 Entrepreneurial competencies refers to the sum total of the personality, skills and
2. Explore job opportunities for Entrepreneurship as a career. knowledge that the entrepreneur possesses, which are necessary to effectively perform
their functions and responsibilities (Edralin, D. M., 2016).
PRETEST
CHECK YOUR UNDERSTANDING
DIRECTIONS: To check your prior knowledge about the topic, please list down DIRECTIONS: Aside from the given examples in the above discussions, enumerate
at least five (5) competencies in entrepreneurship and five (5) job opportunities what is asked in the box. Write your answer in the space provided.
for Entrepreneurship as a career. Write your answer in the space provided.
Competencies in Entrepreneurship
Job opportunities for Personal Competencies:
Competencies in Entrepreneurship 1.
Entrepreneurship as a career
2.
1. 1.
Interpersonal Competencies:
2. 2. 1.
3. 3. 2.
4. 4. Business Competencies
5. 5. 1.
2.
You have finished answering the pre-test. You may request your Common Competencies:
facilitator/guardian to check your work. Congratulations and keep on learning! 1.
2.
LOOKING BACK TO YOUR LESSON Job Opportunities for Entrepreneurship as a Career
Possible business venture:
As you go further, let us try to recall about the concept of Entrepreneurship. 1.
Entrepreneurship is a catchword in this era of globalized economy. It is a 2.
Possible full-time job:
foundation and catalyst for economic growth and innovation across nations
1.
(Edralin, D. M., 2016). 2.
Reasons why many would like to become an entrepreneur:
1.
2.

Common Elements of Entrepreneurship (Edralin, D. M., 2016):

 Innovation
 Opportunity seeking and exploitation
 Resource mobilizing
 Encountering risks and uncertainties
 Economic and personal rewards

Roles of Entrepreneurship and Entrepreneurs in Economic Development and

Society (Edralin, D. M., 2016):

 Creates employment
 Develops new markets
 Introduces innovation
 Generates new sources of materials
 Stimulates investment interest in the new business ventures being
created
 Improves the quality of life
 Serves as role models
 Brings social benefits to the people
 Utilizes and mobilizes indigenous resources
 Provides more alternatives for consumers

Entrepreneurs are found everywhere around the globe and they are a
distinct group of business people who contribute to the development of the
society. They are the founder and creator of the enterprise who make use of the
opportunities that abound to start or grow business, knowing that there are risks
involved in such undertaking (Edralin, D. M., 2016).
 often overlooked. Entrepreneurial behavior‟ can be learned and developed
(www.ideasforleaders.com). The question is not who entrepreneurs are, but what they
do, and more important than business skills can be other competencies that provide a
foundation for those business skills (www.ideasforleaders.com).
Furthermore, according to www.ideasforleaders.com, there are three levels of
competencies, which all entrepreneurs need:
2
Activity 3.MAKE MEANING-INTEREST ACTIVITY
3
DIRECTIONS: Give the meaning of the following word/phrase in each item. You may
REFLECTIVE LEARNING
use the internet to define the given word/phrase. Write your answer in the space
provided. Entrepreneurship education aids students from all socioeconomic
1. Competency_________________________________________________________ backgrounds to think outside the box and nurture unconventional talents and
2. Job Opportunities_____________________________________________________ skills. Hence, you need to think about and reflect on the following questions
3. Enterprise __________________________________________________________ (www.excite.com/education/business/entrepreneurship/careers):
4. Creative thinking _____________________________________________________  How long does it take to start a career in entrepreneurship?
5. Managing Change ____________________________________________________ The amount of time it takes to make it as an entrepreneur depends on
the field you choose to venture into. Since entrepreneurs can exist in any sector
BRIEF INTRODUCTION of the economy, there is a vast and almost never-ending list of paths to choose
from. Therefore, you cannot define a single time-frame for careers in
Are entrepreneurs born or made? entrepreneurship.
 What are the requirements for a career in entrepreneurship?
This question has long been debated with little agreement. However, as cited by The first thing you need to do is find the right business idea and get
Longenecker, J.G., et.al. (2016), Stephen Spinelli and Robert Adams described education according to it. You will then need to make a business plan and define
entrepreneurs as having and exhibiting “desirable and acquirable attitudes and your target market. Once you have established these, you should start
behaviors” such as commitment and determination, leadership, opportunity obsession, networking and selling your idea into your targeted market.
risk-takers, motivation to excel, creativity, self-reliance, and adaptability. According to  How much can I make with a career in entrepreneurship?
(www.ideasforleaders.com), competencies such as risk seeking, assertiveness and The salary figures for entrepreneurs vary according to the field they
vision are considered typical of a successful entrepreneur. But these are innate venture into and how well their idea sells in the market. If your idea is unique
predispositions or aspects of temperament; by using them as yardstick, it is wrongly and useful, you might end up making a lot of money.
concluded that only certain types of people make good entrepreneurs or are capable of  What skills do I need for entrepreneurship career?
worthwhile innovations. To become a successful entrepreneur, you must demonstrate good skills
and should be educated in the field. Some skills that can turn out to be useful
Is there such a thing as a ‘natural-born entrepreneur’? are: communication skills, leadership skills, analysis skills, decision making
skills, problem solving skills, critical thinking skills, and management skills.
Accordingly there is not. Specific techniques and habits must be practiced and
developed by all would-be entrepreneurs. Aside from business competencies, Congratulations! You are almost done in this module. Please write your idea
entrepreneurs need interpersonal and self-leadership skills too; however, these are on the situation below.
 A. Time management B. Managing Conflict C. Leadership D. Critical thinking
DIRECTIONS: As would-be Entrepreneur, you are tasked to write down at least _____3. Mang Tomas is the owner of the Tomas Welding Shop. What common
3 career opportunities which attract you most. Indicate what competencies you competency he needs to develop?
need to enhance in order to become successful in these opportunities. Write A. Change management B. Human Relations C. Time management D. A B & C
your answer in the space provided. _____4. If Promotions and Advertising are core competency in
________________________________________________________________ Entrepreneurship; _______ is a common competency in Entrepreneurship.
________________________________________________________________ A. managing sales B. listening to the sentiments of workers
________________________________________________________________ C. coordinating with partners D. Conducting research
________________________________________________________________ _____5. If good human relations is to Interpersonal Competency; Visioning is to
________________________________________________________________ A. Personal competency B. Core Competency
______________________________ C. Common Competency D. Business Competency
12
POST-TEST 11
Identification. Read and analyze the statements below and identify whether it
requires a common competency or core competency. Write A if it is a common
competency and B if it is a core competency. Write your answer in the space 1. Personal competencies – These are your abilities to ground yourself so
provided. that you are secure and self-assured in whatever situation you may find
_________1. Writing business correspondence. yourself (www.free-management-ebooks.com). Ex. creativity,
_________2. Preparing income statement determination, integrity, self-criticism.
_________3. Designing for packaging and labelling. 2. Interpersonal competencies – These are your ability to lead, influence,
_________4. Relating with staff and co-workers. communicate, supervise, negotiate, and control people at all levels. It is
_________5. Managing quality customer service. the ability to get along with people and motivate people to perform jobs.
_________6. Giving solution to a problem. Entrepreneurs must effectively manage people (baseread.com). Ex.
_________7. Coordinating with channel of distribution. communication, engagement, delegation
_________8. Negotiating with suppliers. 3. Business competencies – These are set of particular abilities and
_________9. Adopting to work environment. knowledge that sets a company apart from its competitors
_________10. Able to operate computer system and applications. (yourbusiness.azcentral.com). It also refers to the key characteristics that
successful entrepreneurs should have in order to be successful
Multiple Choice. Read and analyze the statements below and then write the (www.mustangbols.com). Ex. business vision, financial management,
letter of the best answer in the space provided. networking
_____1. Ronald is graduating SHS. After his graduation, he is planning to put up Core vs. Common Competencies in Entrepreneurship
a computer shop. What core competency he needs to develop?
A. Arts and design B. Systems and application C. repairs and maintenance Competencies in entrepreneurship play a leading role in making
D. machine and equipment entrepreneurs successful (baseread.com).
_____2. Leticia is an employee of a fast-food chain. What common competency
she needs to develop?
 Entrepreneurial competencies facilitate opportunity recognition, help If you‟re an aspiring entrepreneur, there are different career paths you
adapt rapidly to changes, enhances business performance, strengthen the firm‟s can take to turn your dream into a reality. Which path you choose will depend on
competitive position and stir the achievement of organizational success. It is the your experience, skills, finances, and flexibility, as well as your goals for the
sum total of the personality, skills and knowledge that the entrepreneur future (Doyle, A., 2020).
possesses, which are necessary to effectively perform their functions and
responsibilities (Edralin, D. M., 2016). Career opportunities you might pursue according to Michalowicz (2011)
Competence is an underlying personal characteristic which leads to as cited by Edralin, D. M., 2016):
superior performance. It is a combination of knowledge, skills, attitudes, and
motives (baseread.com).
Core competence is the foundation for sharpening a company's
competitive edge and it guides brand reputation, business growth, and
marketing strategy (www.thebalancesmb.com).
Common competence is one that describes the knowledge, skills and
abilities found in most or all position (www.ifpm.nifc.gov).

Examples of Core and Common Competencies in Entrepreneurship

5
Core Competencies Common Competencies
1. Organizing and Planning 1. Analytical and critical thinking  Personal competencies – This are your abilities to ground yourself so that you are
2. Cash flow management 2. Decision making secure and self-assured in whatever situation you may find yourself.
3. Personnel management 3. Leadership  Interpersonal competencies - It is the ability to lead, influence, communicate,
4. Operations and distribution 4. Communication supervise, negotiate, and control people at all levels. It is the ability to get along with
5. Customer Relations 5. Computer Literacy people and motivate people to perform jobs. Entrepreneurs must effectively manage
6. Bookkeeping/Accounting 6. Human Relations people.
 Business competencies - is a set of particular abilities and knowledge that sets a
7. Promotions and Advertising 7. Managing Change
company apart from its competitors. It also refers to the key characteristics that
8. Resources Management 8. Creative Thinking
successful entrepreneurs should have in order to be successful.
9. Financial Management 9. Time Management  Entrepreneurial competencies refers to the sum total of the personality, skills and
10. Information Management 10. Conflict Management knowledge that the entrepreneur possesses, which are necessary to effectively perform
their functions and responsibilities (Edralin, D. M., 2016).

CHECK YOUR UNDERSTANDING

Job Opportunities for Entrepreneurship as a Career DIRECTIONS: Aside from the given examples in the above discussions, enumerate
what is asked in the box. Write your answer in the space provided.
 Competencies in Entrepreneurship W G A R B M F O R I T I N M T
Personal Competencies: N H H Z J U L M S N V N I A U
1.
2.
A C G I L S F K X G L E K B H
Interpersonal Competencies:
B E V I T I T E P M O C A P Y
1. D E T E R M I N E D R C T H O
2. T N E D I F N O C B P Y J M Y
Business Competencies
1. Clues:
2. ______________1. Showing assurance and self-reliance
Common Competencies: _______________2. Firmly resolved
1. _______________3. Capable of devising ways and means
2. _______________4. Showing initiative and willingness to undertake new projects
Job Opportunities for Entrepreneurship as a Career _______________5. Having the quality of something created rather than imitated
Possible business venture: _______________6. Introduce something new or different
1. _______________7. As good as or better than others of a comparable nature
2. _______________8. The act or fact of doing something that involves danger
Possible full-time job: _______________9. Habitually engaged in earnest and energetic work
1. _______________10. The cultivation of productive relationships for employment or
2. business
Reasons why many would like to become an entrepreneur:
1. REMEMBER
2.  Commonly, competencies such as risk seeking, assertiveness and vision are
considered typical of a successful entrepreneur.
10  Entrepreneurial behavior’ can be learned and developed.

Activity 3. Word Search: Please search for the ten (10) competencies of an
entrepreneur in the box below. Clues are provided. Encircle the word in the box and 9
write it before the clue. Entrepreneurship Career Entrepreneurship Career Opportunities for
Competencies of Entrepreneur Opportunities for the Academic the TECHVOC Track
R N G E X J F W R E I R N L W Track
V E N C V C A C I N K M Z H R Business Consultant Fine Arts
C T I S Q I P R C T L N C E O  Sales  Artist
F W K N X W T H Z E A N S S Y  Research and development  Graphic designer
O O R X N W S A C R I O T P T  Not-for-profit fundraiser  Photographer
L R O I O O D P E P U G A K J  Teacher  Art gallery manger
K K W J A O V T D R J N S L H  Talent recruiter  Film director
Z I D H L L F A C I C I C B X  Business reporter Fashion Designing
I N R M K N T E T S R R G W D  New venture creation  Designer wear production
 Career in existing entrepreneurial  Fashion marketing, planning and concept 3. Income Security and Financial Success
ventures management
 Fashion media design management 4. Recognition and Status
 Fashion accessory design, quality control,
5. Family
and promotion brands
 Costume designer 6. Dissatisfaction with Current Work Arrangements
 Fashion consultant and personal stylist
 Technical designer and graphic designer 7. Community and Social Motivation
 Fashion coordinator
Sports ACTIVITIES
 Health club manager Activity 1. Read and analyze the facts about the competencies in
 Strength, wellness or conditioning coach
Entrepreneurship below. Determine whether the statement is TRUE OR FALSE.
 Fitness program or event planning manager
Write TRUE if the statement is correct and write FALSE if otherwise. Write your
 Professional or amateur team manager
 Sports facility manger answer before the number.
 Corporate fitness director _________1. Entrepreneurship can be learned by anyone, it’s not something
 Rehabilitation center director
that can simply learn in a classroom.
 Nutrition center manager
Other TECHVOC Track _________2. Certain skills, such as communication, delegating and respecting
 Cook/Chef others can only be acquired through practice and developing „habits of
 Automotive mechanic
character‟.
 Electrician
 Technical support specialist _________3. Habits of character may not strictly be related to business but are
 Tool keeper and technician to do with the kind of person the entrepreneur is and what he/she does.
 Network support Associate
 Mechanical technologist

6
Note: Most would-be entrepreneurs, however, remain self-employed, preferring
to be the boss. 7
_________4. An entrepreneur has to have certain cultivated and inherent
Reasons why many would like to become an entrepreneur (www.scu.edu): qualities in order to make a success of his or her venture.
1. Achievement, Challenge, & Learning _________5. Hard work and determination to win have made many successful
2. Independence & Autonomy – you can set your own goals, pick their business people to reach their aspired goals.
own partners, and face the consequences of your decisions. _________6. An Entrepreneur must hesitate for personal or other reasons.
_________7. Business involves many risks, which an entrepreneur must
hesitate to take.
_________8. New ideas help make a business venture successful.
_________9. Certain attributes are essential for an Entrepreneur to establish his
or her business on sound footing.
_________10. The only way to acquire the habits essential for entrepreneurs is
by acting in a way inconsistent with them.
Activity 2. Read and analyze the competencies below that every entrepreneur
should develop and identify whether this refers to Personal Competencies,
Interpersonal Competencies, or Business Competencies. Write your answer
in the space provided.

1. Emotional 6. Resource
balance Management skill
2, Negotiation skills 7. Resiliency
3. Leadership skills 8. human relation
4. Persistence 9. Respect
5. Charisma 10. Tenacity