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Abm-Enterprenuership 12 q1 w1 Mod1
Abm-Enterprenuership 12 q1 w1 Mod1
Applied Subject
ENTREPRENEURSHIP
GRADE 12
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Learning Module for Senior High School Accountancy , Business and Management
Entrepreneurship – Grade 12
Alternative Delivery Mode
Quarter 1 – Module 1: Overview of Entrepreneurship and its Relevance to SHS
Students
First Edition, 2020
Republic Act 8293, section 176 states that: No copyright shall subsist in
any work of the Government of the Philippines. However, prior approval of the
government agency or office wherein the work is created shall be necessary for
exploitation of such work for profit. Such agency or office may, among other things,
impose as a condition the payment of royalties.
Illustrator: Writers
Layout Artist: Writers
Management Team: Malcolm S. Garma, Regional Director Name of Regional Director
Genia V. Santos, CLMD Chief Name of CLMD Chief
Dennis M. Mendoza, Regional EPS In Charge of LRMS
Maria Magdalena M. Lim, CESO V, Schools Division
Superintendent
Aida H. Rondilla, CID Chief
Lucky S. Carpio, EPS In Charge of LRMS
Division ADM Coordinator
Name of Division ADM Coordinator
Introductory Message
As a facilitator you are expected to orient the learners on how to use this module.
You also need to keep track of the learners' progress while allowing them to manage their
own learning. Furthermore, you are expected to encourage and assist the learners as they
do the tasks included in the module.
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What I Need to Know This will give you an idea of the skills or
competencies you are expected to learn in the
module.
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1. Use the module with care. Do not put unnecessary mark/s on any part of
the module. Use a separate sheet of paper in answering the exercises.
2. Don‟t forget to answer What I Know before moving on to the other activities
included in the module.
3. Read the instruction carefully before doing each task.
4. Observe honesty and integrity in doing the tasks and checking your
answers.
5. Finish the task at hand before proceeding to the next.
6. Return this module to your teacher/facilitator once you are through with it.
If you encounter any difficulty in answering the tasks in this module, do not hesitate
to consult your teacher or facilitator. Always bear in mind that you are not alone.
We hope that through this material, you will experience meaningful learning and
gain deep understanding of the relevant competencies. You can do it!
This module was written for you to accomplish at home. It was carefully
designed so that you can work at your own pace and allow self-discovery of the
concept through activities that you will perform. Activities were also selected to
allow independent learning which also aims to develop your reading comprehension
skills through understanding written texts. It covers many different learning
situations where you can relate your personal experiences on different practical
scenarios about Entrepreneurship.
What I Know?
To check your prior knowledge about the topic, and to solicit the questions
that you want to know about it, fill in the Know and Want to know components of
the Know-Want to know- Learned (KWL) chart legibly. For the Know component,
you may write word/s or phrase. For the want to know component, state your
responses in interrogative or question form. You may list as many responses as you
want for each component. Write your responses on a yellow paper.
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Learning Module for Senior High School Accountancy , Business and Management
KWL Chart
Topic Know Want to know Learned
Concept of
Entrepreneurship
Relevance of
Entrepreneurship
to your everyday
life
Guide Questions
1. Based on what you have written on the Know component of the chart,
what do you know about entrepreneurship and its relevance to your
everyday life and to the society as a whole?
What’s In
DIAGNOSTIC ASSESSMENT
Identification. Read carefully the statements below and identify whether this refers to
Entrepreneurship or Entrepreneur. Write your answer in a yellow
paper.
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What’s New?
Column A Column B
1. It involves developing new products or improving existing A. Livelihood
technologies, processes, designs and marketing to solve
problems, increase efficiency, reach new customers, and
ultimately increase profits.
2. Involves sale or lease of any product, service, equipment, B. Entrepreneurship
etc. that will enable the purchaser-licensee to begin a
business.
3. Refers to the act of creating a business or businesses C. Social Change
while building and scaling it to generate a profit.
4. Refers to their "means of securing the basic necessities D. Socioeconomic
(food, water, shelter and clothing) of life".
5. The system of production, distribution and consumption. E. Business
The overall measure of a currency system; as the Opportunity
national economy.
6. Is a person who sets up a business with the aim to make F. Business Venture
a profit.
7. Refers to any significant alteration over time in behavior G. Relevance
patterns and cultural values and norms.
8. Related to the differences between groups of people H. Business
caused mainly by their financial situation. Innovation
9. It is a new business that is formed with a plan and I. Entrepreneur
expectation that financial gain will follow. It is usually
formed out of a need for a service or product that is lacking
in the market.
10. It is simply the noun form of the adjective "relevant," J. Economy
which means "important to the matter at hand."
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Learning Module for Senior High School Accountancy , Business and Management
What is It
Take a deep breath then you may start reading the lesson 1 and 2
below about the overview of entrepreneurship and its relevance to SHS
Students.
Lesson
Overview of Entrepreneurship
1
Entrepreneurship is…
An entrepreneur is…
A person who sets up a business with the aim to make a profit and
creates a new business, bearing most of the risks and enjoying most of
the rewards.
An innovator, a source of new ideas, goods, services, and business/or
procedures.
Playing a key role in any economy, using the skills and initiative
necessary to anticipate needs and bring good new ideas to market.
The notion of the entrepreneur as simply one who forms and manages
business is apparent in government programs that attempt to develop small-scale
industries. In the Philippines, many entrepreneurial development-training
programs rest on such assumptions. But even without the presence of government
support, the statistics for the past fifty years or so on the number of business
establishments formed every year would generally show an increasing trend. They
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Learning Module for Senior High School Accountancy , Business and Management
were mostly in food processing, property development, and trade (including
shopping malls).
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Learning Module for Senior High School Accountancy , Business and Management
What’s More
Independent Activity 1. Picture Analysis. Analyze the picture below then answer
the corresponding guide questions. Write your answer in a yellow paper.
https://images.search.yahoo.com
Items Answer
A.
1. Give the three (3)
B.
business resources
C.
2. Give three (3) A.
importance of B.
Entrepreneurship to C.
the economy.
3. Give three (3) relevance A.
of Entrepreneurship to B.
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Learning Module for Senior High School Accountancy , Business and Management
the you as a student C.
4. Give three (3) known A.
families who owned the B.
big Corporations in the C.
Philippines.
5. Give three A.
characteristics of an B.
Entrepreneur. C.
You have to fill in the L component of the KWL chart to generalize the
things you have learned about the topic. Write your answer in a yellow
paper.
KWL Chart
Topic Know Want to know Learned
Overview of I have learned that
Entrepreneurship ….
Relevance of
Entrepreneurship
to SHS Students
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Learning Module for Senior High School Accountancy , Business and Management
Who are the funding sources I may need to approach to make this
big?
What technical infrastructure do I need?
You are tasked to conceptualize your future business plan which you can work
on as we discuss our next lessons and later you may venture into after finishing
this subject.
Assessment
FORMATIVE ASSESSMENT
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Learning Module for Senior High School Accountancy , Business and Management
A. It generates new wealth in an economy.
B. It aids students from all socioeconomic backgrounds to think outside the
box.
C. It creates opportunities and ensures social justice.
D. It creates job.
4. Which statement is not correct about the status of entrepreneurship in the
Philippines?
A. The number of business establishments formed every year would
generally show an increasing trend.
B. N-entrepreneurs are people who can secure resources such as technology
and information to gain distinct, sustainable, competitive advantages.
C. In 2005, the top 50 Philippine corporations in terms of sales could be
broken down into 25 private domestic firms, 20 foreign firms, and 5
government-owned and/or controlled corporations.
D. The 22 companies could be identified with 11 families and individuals,
mostly Filipinos of Chinese ethnic background.
5. Which of the following words is not associated with entrepreneur?
A. innovative C. collaborative
B. impulsive D. Creative
Additional Activities
References
Book
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Learning Module for Senior High School Accountancy , Business and Management
Websites
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Learning Module for Senior High School Accountancy , Business and Management
Answer Key
What I Know
KWL Chart
Topic Know Want to know
Entrepreneurship is the act of What is the difference of
Concept of creating a business to get a Entrepreneurship and
Entrepreneurship profit. Entrepreneur?
Entrepreneurship is an What is the contribution
important driver of economic of entrepreneurship to
growth and innovation. the society?
Entrepreneurship is high-risk, What are the
but it serves to generate characteristics of
economic wealth, growth, and entrepreneurs?
innovation. How Entrepreneurship
Entrepreneurship impact the started in the
economy Philippines?
Entrepreneurship help What is
economies. Entrepreneurship?
Entrepreneurship add to the
gross national income
Entrepreneurship create social
change
Entrepreneurship play a key
role in any economy.
Relevance of 1. To prepare students for Why do we need to
Entrepreneurship livelihood even before college. study
to your everyday 2. Entrepreneurship education Entrepreneurship?
life aids students from all Why Entrepreneurship
socioeconomic backgrounds to is offered in the Senior
think outside the box and High School?
nurture unconventional talents How can we use
and skills. Entrepreneurship in our
3. Entrepreneurship develops daily life?
their initiative and helps them
to be more creative and self-
confident in whatever they
undertake and to act in a
socially responsible way.
4. It exposes students to
numerous opportunities to
learn how to think critically
and analyze the pieces on the
board.
5. Being aware of all the
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Learning Module for Senior High School Accountancy , Business and Management
important factors and seeing
how they affect each other is
the foundation of a smart
decision-making process.
6. Students have to be exposed to
real-world examples and learn
from their own experience.
7. Entrepreneurship education
requires students to be
innovative, creative and
collaborative with others.
8. Entrepreneurship education
provides budding
entrepreneurs with the skills
and knowledge to come up
with business ideas and
develop their own ventures.
What’s In
1. Entrepreneur
2. Entrepreneurship
3. Entrepreneur
4. Entrepreneurship
5. Entrepreneur
What’s New
1. H
2. E
3. B
4. A
5. J
6. I
7. C
8. D
9. F
10. G
What’s More
Independent Activity 1. Picture Analysis
1. Delivery Services like grab food
2. Online Selling of food products and hygiene products like soap, etc.
3. To make fashionable face masks
4. E-Loading services
5. Events hosting using app like zoom
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Learning Module for Senior High School Accountancy , Business and Management
A. Entrepreneurship generates new wealth in an
economy.
B. Entrepreneurship decreases poverty.
2. Give three (3) C. It creates opportunities, ensures social justice,
importance of instills confidence and stimulates the economy.
D. Entrepreneurship improves productivity
Entrepreneurship to
E. Entrepreneurs create jobs.
the economy.
F. Entrepreneurs innovate.
G. Entrepreneurs create innovation and social
change
H. Entrepreneurs give to society
3. Give three (3) A. To prepare students for livelihood even before
relevance of college.
Entrepreneurship to B. Entrepreneurship education aids students from
the you as a student all socioeconomic backgrounds to think outside
the box and nurture unconventional talents and
skills.
C. Entrepreneurship develops their initiative and
helps them to be more creative and self-confident
in whatever they undertake and to act in a
socially responsible way.
D. It exposes students to numerous opportunities to
learn how to think critically and analyze the
pieces on the board.
E. Being aware of all the important factors and
seeing how they affect each other is the
foundation of a smart decision-making process.
F. Students have to be exposed to real-world
examples and learn from their own experience.
G. Entrepreneurship education requires students to
be innovative, creative and collaborative with
others.
H. Entrepreneurship education provides budding
entrepreneurs with the skills and knowledge to
come up with business ideas and develop their
own ventures.
4. Give three (3) known Zobel family (Ayala), the Lopez clan, Lucio Tan,
families in the who Henry Sy, John Gokongwei, Alfonso Yuchengco,
owned the big Eduardo Cojuangco Jr., Jose Yao Campos (Unilab
Corporations in the Group of Companies), George Ty (Metrobank),
Philippines. Mariano Que (Mercury Drug), and Tony Tan-
Caktiong (Jollibee).
5. Give three A. Innovative, Resourceful
characteristics of an B. Creative, Hardworking
Entrepreneur. C. Critical Thinker, Risk Taker, etc
Assessment
1. C
2. C
3. A
4. C
5. B
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Learning Module for Senior High School Accountancy , Business and Management
Additional Activities
1. To gain profit and earn a living.
2. To fulfil my dream to become an entrepreneur.
3. To enhance my entrepreneurial skills.
4. To help the economy grow.
5. To provide employment for the Filipinos.
6. To increase supply of products and services.
7. To create social change.
8. To improve the quality of goods and services.
9. To improve the quality of life.
10. To prevent monopoly.
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