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Chapter 2-THC 10

This document outlines the lesson plan for a class on entrepreneurship and economic development. It discusses several key topics: 1. The current Philippine economic landscape and factors hindering growth like poverty and overpopulation. 2. Determinants of economic growth including culture, employment opportunities, and access to capital. 3. The role of entrepreneurship in socioeconomic development through job creation, tax payments, competition, and empowerment. 4. Skills needed for successful entrepreneurship like planning, organization, leadership, risk-taking, and adapting to change. The lesson will assess students through essay questions analyzing topics like organizing a business, entrepreneurial skills and characteristics, and the relationship between factors and

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Ma. Andrea Bocacao
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© © All Rights Reserved
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52 views

Chapter 2-THC 10

This document outlines the lesson plan for a class on entrepreneurship and economic development. It discusses several key topics: 1. The current Philippine economic landscape and factors hindering growth like poverty and overpopulation. 2. Determinants of economic growth including culture, employment opportunities, and access to capital. 3. The role of entrepreneurship in socioeconomic development through job creation, tax payments, competition, and empowerment. 4. Skills needed for successful entrepreneurship like planning, organization, leadership, risk-taking, and adapting to change. The lesson will assess students through essay questions analyzing topics like organizing a business, entrepreneurial skills and characteristics, and the relationship between factors and

Uploaded by

Ma. Andrea Bocacao
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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:

Republic of the Philippines


CAMARINES NORTE STATE COLLEGE
F. Pimentel Avenue, Brgy. 2, Daet, Camarines Norte – 4600, Philippines

College of Business and Public Administration

Name of Faculty : Louise Shen Z. Laborte


Subject : THC 10 – Entrepreneurship in Tourism and Hospitality
Schedule : BSHM 3A / W/ 4:00pm/ F/ 3:00pm-5:00pm/2nd Semester AY 2022-2023

ECONOMIC DEVELOPMENT OF ENTREPRENEURSHIP AND IT’S


COMPETENCIES

I. Objectives
At the end of this topic, students will be able to:
 describe the Philippine economic landscape in the present time;
 identify the different factors in determining economic growth;
 examine the contributory determinants in the making of an economy;
 analyse the role of employment as a contributory factor in economic
development; and
 evaluate entrepreneurship and socio-economic development.
II. Discussion
Philippine Economic Landscape in the Present Time
- The Philippine economic landscape remains to be the spring board of questions
when economic development is the focus of discussion. The leaders of this nation,
aim greatness for the Filipino people especially during the time of election.
- Politics becomes an investment for power and money and it is not the true essence
of public service. Two important factors hinder our growth as a nation:
1. Poverty is the making of its people and the kind of leaders that holds the
wheels of economic fortune.
2. Population explosion is another factor that contributes to the poverty of our
nation.

Factors in Determining Economic Growth


- The following factors are contributory determinants to our slow growth in economic
development as a nation:

1. The Filipino Values and Culture


a. Love for imported products
b. Our vales of BAHALA NA!
c. Our crab mentality
d. The MAŇANA Habit
e. The value of time
f. Our values of HIYA
:
Republic of the Philippines
CAMARINES NORTE STATE COLLEGE
F. Pimentel Avenue, Brgy. 2, Daet, Camarines Norte – 4600, Philippines

College of Business and Public Administration

g. Fiesta and social occasions


2. Job Opportunities/Employment

a. Employment is one great factor in economic development


b. Income opportunity in the countryside is still subsistence in nature

3. Availability of Needed Capital

a. Republic Act 6977, known as the Magna Carta for Small Enterprises provided
the necessary funds for the development of entrepreneurs in the countryside.

b. Republic Act No. 6810 is the establishing the Magna Carta for Countryside and
Barangay Business Enterprises, granting exemptions from any and all government
rules and regulations and other incentives and benefits and for other purposes.

Entrepreneur and Socio-Economic Development


- The development of the nation economic activity is the making of small and
medium enterprises mostly located in the countryside.
- They contribute to the economy of bi corporations as they are also consumers of
their production. It is the entrepreneur who develops new products and makes
innovation that becomes the backbone of more economies.
- The following are the contributions of the Entrepreneur in our Socio-Economic
Development:
1. The entrepreneur provides employment
2. The entrepreneur pays taxes
3. The enterprise new lifestyle and pleasures
4. The entrepreneur improves the capital base of the economy
5. The entrepreneur creates people empowerment and social mobility
6. The entrepreneur provides healthy competition

Managerial Skills that Makes a Successful Entrepreneur


- The entrepreneur has the following managerial skills:

1. The ability to plan and conceptualize


2. The ability to organize the resource of the enterprise
3. The ability to direct and motivate people in his organization
4. The ability to control
5. The ability to manage time
6. The ability to adapt to the changing environment of business

Characteristics of an Entrepreneur

1. Leadership and management abilities


2. Positive risk takers
:
Republic of the Philippines
CAMARINES NORTE STATE COLLEGE
F. Pimentel Avenue, Brgy. 2, Daet, Camarines Norte – 4600, Philippines

College of Business and Public Administration

3. Self-confidence and positive outlook


4. Innovativeness and forward looking
5. Natural intelligence and decision making skills

Decision Making Process:

1. Identify the problem


2. Gather the data that brought the problem
3. Analyse the data
4. Formulating alternative solutions
5. Selecting the best alternative course of actions
6. Implementing the best alternative

Organizing the Business Enterprise


- The prospective entrepreneurs before going into the intricate field of the business
world should first go into deep analysis of their personal and social attitudes.
- Some entrepreneurs failed because they are “plain copy cats” in putting the
business because the neighbour Juan makes money going into a Mini-grocery.
- The entrepreneur must first evaluate his personal interest, experience in the
chosen field, the technical skills as well as his human skills as these are the vital
components in the success of the business.
- Business forecasting and planning skill is another vital component that must be
addressed before making investments.

Entrepreneurial Studies
- The entrepreneur must see for himself the kind of management control and how the
business will be able to generate his projected profitable investment. He sees the
wide open market of opportunities and the possible problems before he plunges into
the intricate operation of the enterprise.
- Wise investment through a careful analysis of the business environment would
minimize business failures.

III. Assessment
Essay. Explain and discuss each question/statement comprehensively. Before you
begin writing, read the questions and passage carefully and plan what you will say.
Your essay should be as well-organize and as carefully written as you can make it.
(10 points each)
* Fifty (10) Percent Grammar. Fifty (90) Percent Content = 100%

1. In organizing the business enterprise, what is the most significant action to


consider?
2. Give at least three managerial skills to develop that makes a successful
entrepreneur.
:
Republic of the Philippines
CAMARINES NORTE STATE COLLEGE
F. Pimentel Avenue, Brgy. 2, Daet, Camarines Norte – 4600, Philippines

College of Business and Public Administration

3. Among the different factors in determining economic growth, what is the basis for
its maximum positive effect to the economy?
4. How does an entrepreneurial study affect success?
5. Why do we need to consider the character of an entrepreneur?

IV. Reference

Printed Materials:

Acierto, M.,2019 Entrepreneurship:Principles and Practices. Manila, Unlimited books


Publishing

Acierto, M., 2019, Entrepreneurial Management. Manila, Unlimited Books Library


Services & Publishing Inc.

Concepcion, J. & Lopez, R., 2018, Entrepreneurship: Starting an enterprise, Having


an Innovative Mindset. Manila, Rex Bookstore

Non-Printed Materials
(Internet)

pdfdrive.com/effective-entrepreneurial-management-strategy-planning-risk-
management-and-organization-e179626182.html

https://www.pdfdrive.com/entrepreneurship-e176072324.html

Prepared by:
LOUISE SHEN Z. LABORTE
Instructor 1
:
Republic of the Philippines
CAMARINES NORTE STATE COLLEGE
F. Pimentel Avenue, Brgy. 2, Daet, Camarines Norte – 4600, Philippines

College of Business and Public Administration

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