Modified Learning Scheme : Workbook

Entrepreneurship
1 Semester, S.Y. 2020-2021
st

Subject Teacher: ____________________

Name: ___________________________________ Score: ________________

Section: __________________________________ Date: _________________

Topic Session

Introduction to Entrepreneurship One

Objectives of the Lesson

At the end of the lesson, the student should be able to:

1. Understand the basic concept and definition of Entrepreneurship,
2. create an idea on how the entrepreneur thinks and
3. reflect on the importance of entrepreneurship in the society.

Values Integration

Resourcefulness and Creativity

Vocabulary

Entrepreneurship – The ability to be able to see the needs of the people and provide
it at the right place, right time, to the right people and at the right price.
Entrepreneur – The one who sees the need of the people and
provide it at the right place and right time.
Businessman – Person who owns and manages a business enterprise.
Opportunity - usually defined as situations where products and
services can be sold at a price greater than the cost of their

Subject: Entrepreneurship Topic: Introduction to Entrepreneurship Session: One

Page | 1
 production.
Innovation – Process of creating something new or novel.

Discussion

Introduction to Entrepreneurship
Entrepreneurship has been defined as that ability to be able to know what products and
services are needed by people, and to be able to provide these things at the right time, at the
right place, and to the right people, and at the right price.
● From the French word Entreprendre meaning the manager.
Entrepreneur -One who organizes, manages and assumes the risk of a business or
enterprise. Who has the ability to take risk.
Businessman – A person who manage a business.
WHAT IS THE DIFFEENCE BETWEEN ENTREPRENEUR AND BUSINESSMAN?
Entrepreneur Businessman
1. He/she sells product or services that is 1. He/she sells product or
NEEDED by his/her COMMUNITY. Services for his/her profit only.
2. His/her primary priorities are the product 2. Focuses more on generating
or service and the people who will buy profit or income.
the product.
3. Entrepreneur always improves and 3. Businessman commonly
Innovates its product to satisfy the need stick to its product.
of the people. Regardless if it satisfies the
needs of the people.

ENTREPRENEURSHIP and OPPORTUNITY

- Entrepreneurs are always adapting to what is on trend. The change and improve their
product depending on the needs of the people.
Example
Raincoats and Umbrellas are in demand during rainy season.
Resorts and Leisure Parks are on trend during summer.
Subject: Entrepreneurship Topic: Introduction to Entrepreneurship Session: One
Page | 2
 AN ENTREPRENEUR KNOWS HOW TO WORK WITH ALL SEASONS
ENTREPRENEURS AND INNOVATION
Entrepreneurship involves introducing something new or novel. But this novelty can be
found in many forms – some way involves very dramatic changes, while others can be in a small
or subtle modifications.
Example:
Iphone Company always launches new and improved model of cellphone and
laptop to encourage more customers and to attract them because they are always improving.

Questions

1. What do you think is the main role of Entrepreneurship in the society?

2. Why does an entrepreneur should always look for opportunity?

3. How important is the innovation on the concept of Entrepreneurship?

Activity

Leon was given 250 pesos and he used that as his capital for his small business. He
brought 5 big watermelons and he decided to sell it. Now What do you think Leon
will do to 5 Watermelons if he thinks like an entrepreneur? What do you think Leon
will do if he thinks like a businessman? Write your answer on the table below.

Subject: Entrepreneurship Topic: Introduction to Entrepreneurship Session: One

Page | 3
 Leon thinks like an Entrepreneur so he Leon thinks like a Businessman so he
will… will…

Quiz

Directions: Identify what is being asked or described on the following statements.

1. It is providing the needs of the people at the right place, time, people and price.
_______________________________________
2. The one who sees the need of the people. ________________________
3. He is profit oriented. ___________________________________
4. When the product is in demand, it creates ____________________ for the
entrepreneur.
5. It is a process of creating something new or novel. _______________________.

Reflection

How does this lesson affect your opinion on the online sellers and small business
owners that provides mostly of your needs especially during community quarantine?

Answer:
_____________________________________________________________________
_____________________________________________________________________
_____________________________________________________________________
_____________________________________________________________________
_____________________________________________________________________

References
Subject: Entrepreneurship Topic: Introduction to Entrepreneurship Session: One
Page | 4
 (Please refer and always use the APA Format in citing references)
Online References:
Autio, Erkko. (2015). “Entrepreneurial Opportunity, Is it an Illusion?.” August 10,
2015 . Retrieved from: thegediorg.

Subject: Entrepreneurship Topic: Introduction to Entrepreneurship Session: One

Page | 5