SACRED HEART DIOCESAN SCHOOL

“Where peacemaking is life-giving”

Molave, Zamboanga del Sur
S.Y 2020 – 2021

Student’s Learning Activity in ENTREPRENEURSHIP 9

Learner’s Name: Grade Level : 9

Learner’s Contact #: Module No. 4
Lesson Title: Entrepreneurial Process Quarter / Week:
1-5
Values : Creativity Activity No.
4
Reference/s: https://businessjargons.com/; Entrepreneurship in
the Philippine Setting by Winefreda B. Asor
Teacher: Mrs. Geraldine P. Martel (09482188316)
CONTENT STANDARD/S: The learners demonstrate an understanding of the critical factors for starting a new
enterprise.
PERFORMANCE STANDARD/S: The learners shall be able to: create his/her own business plan.
OBJECTIVES: At the end of the lesson, the students will be able to: explain the activities in every stage of the
entrepreneurial process.
I TRANSITION (Linking Statements/Motivation)

ESSENTIAL IDEAS (CONCEPT NOTES )

ENTREPRENEURIAL PROCESS - defined as the steps taken in order to establish a new enterprise. It is a step-by-step
method, one has to follow to set up an enterprise.
Steps in the Entrepreneurial Process
 Discovery: An entrepreneurial process begins with the idea generation, wherein the entrepreneur identifies and
evaluates the business opportunities. The identification and the evaluation of opportunities is a difficult task; an
entrepreneur seeks inputs from all the persons including employees, consumers, channel partners, technical
people, etc. to reach to an optimum business opportunity. Once the opportunity has been decided upon, the next
step is to evaluate it. An entrepreneur can evaluate the efficiency of an opportunity by continuously asking certain
questions to himself, such as, whether the opportunity is worth investing in, is it sufficiently attractive, are the
proposed solutions feasible, is there any competitive advantage, what are the risk associated with it. Above all, an
entrepreneur must analyze his personal skills and hobbies, whether these coincides with the entrepreneurial
goals or not.
  Developing a Business Plan: Once the opportunity is identified, an entrepreneur needs to create a comprehensive
business plan. A business plan is critical to the success of any new venture since it acts as a benchmark and the
evaluation criteria to see if the organization is moving towards its set goals. An entrepreneur must dedicate his
sufficient time towards its creation, the major components of a business plan are mission and vision statement,
goals and objectives, capital requirement, a description of products and services, etc.
 Resourcing: The third step in the entrepreneurial process is resourcing, wherein the entrepreneur identifies the
sources from where the finance and the human resource can be arranged. Here, the entrepreneur finds the
investors for its new venture and the personnel to carry out the business activities.

 Managing the company: Once the funds are raised and the employees are hired, the next step is to initiate the
business operations to achieve the set goals. First of all, an entrepreneur must decide the management structure
or the hierarchy that is required to solve the operational problems when they arise.
 Harvesting: The final step in the entrepreneurial process is harvesting wherein, an entrepreneur decides on the
future prospects of the business, i.e. its growth and development. Here, the actual growth is compared against
the planned growth and then the decision regarding the stability or the expansion of business operations is
undertaken accordingly, by an entrepreneur. The entrepreneurial process is to be followed, again and again,
whenever any new venture is taken up by an entrepreneur, therefore, it is an ever ending process.

II LEARNING EXPERIENCE
A. CLARIFYING UNDERSTANDING (i.e. Cooperative Strategy & Active Learning
Identification
Identify what stage in the entrepreneurial process the following activities belong.
________________1. Expansion projects
________________2. Determine the likelihood of the venture’s success
________________3. Identifies strategies to protect intellectual property
________________4. Apply for loans
________________5. Utilizes resources
________________6. Develops Business Plan
________________7. Choose location of business
________________8. Studying market trends
________________9. Conducting a grand opening for the business
________________10. Conducting taste tests at supermarkets
B. PROCESSING QUESTIONS (Checking for Understanding, HOTS)
Answer the following questions briefly.
1. Do you think developing a business plan is important? Why or why not?
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2. What do you think is the most difficult stage in the entrepreneurial process? Why?
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C. ASSESSMENT (Formative/Summative)

III. FRAMING CONCEPT

What were the positive things I experienced in this lesson?

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What were the negative things I experienced in this lesson?

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IV. MASTERY EXERCISES (Post Assessment)
Multiple Choice
Encircle the letter of the correct answer.
1. The entrepreneurial process starts with
a. strategy b. networks c. team d. opportunity
2. Karen and Gina are considering to begin a jewelry-making business. They have been collecting, reviewing, and
interpreting the surveys they distributed last week about their business idea. Karen and Gina are in what stage of
entrepreneurial process?
a. Concept Development b. Managing c. Discovery d. Harvesting
3. Listing people and businesses who might give money to start the business, completing an application for a business loan
at the bank, and advertising for people to work in the new business are all classified as which stage of the entrepreneurial
process?
a. Resourcing b. Managing c. Concept Development d. Discovery
4. What is an example of an activity that is performed during the actualization phase of the entrepreneurial process?
a. Decide to locate the business in Molave b. Conduct a survey of potential customers
c. Sell stock to the public d. Hold a clearance sale
5. All of the following are stages in the entrepreneurial process except
a. Resourcing b. Developing a Business Plan c. Discovery d. Marketing
V. LIFELONG LEARNING
Write a short reflection about the quote.
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