Republic of the Philippines

Department of Education
Region v
11
SCHOOLS DIVISION OF SORSOGON

ENTREPRENEURSHIP

Name of the Student__________________________________________________

Date: ___________________________________

LEARNING ACTIVITY SHEET 1

I. Learning Skills from the MELCs

 Overview of Entrepreneurship and the relevance of the course .

II. Introductory Concept

Businesses form the backbone of the economy. Entrepreneurs play an important role in developing the
economy by providing the needed products and services including the solution to the problem of unemployment.
Hence, learning concepts in entrepreneurship is relevant for a Senior High School student like you.

III. Activities
Let Us Study
Being an entrepreneur is encouraged by the economy because it can provide a lot of opportunities for
unemployed young people. Entrepreneurship increases the country’s per capita income, elevates a person’s
standard of living and individual savings, generates revenue to the government in the form of income tax, value-
added tax, export, duties, and balances regional development.

OVERVIEW OF ENTREPRENEURSHIP

Meaning of Entrepreneurship and Entrepreneur (www.investopedia.com, www.reference.com,

www.europeanentrepreneurship.com)

Entrepreneurship

 one of the resources that economists categorize as integral to production.

 the act of creating a business/es while building and scaling it to generate a profit.
 an important driver of economic growth and innovation.
 what people do to take their career and dreams into their hands and lead it in the direction of their own
choice.
 building a life on your own terms and having no bosses, no restricting schedules, and no one holding
you back.

An entrepreneur…
 combines resources like land/natural resources, labor, and capital to manufacture goods or provide
services. They typically create a business plan, hire labor, acquire resources and financing, and provide
leadership and management for the business.
 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.
 is an innovator that serves as a source of new ideas.
 plays a key role in any economy, using the skills and initiative necessary to anticipate needs and bring
good new ideas to market.

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Entrepreneurship in the Philippines (Batalla, V. (2011)

The notion of the entrepreneur as simply the 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 were mostly in food processing, property development, and trade
(including shopping malls).
In 2005, the top 50 Philippine corporations in terms of sales could be broken down into 22 private
domestic firms, 23 foreign firms, and 5 government-owned and/or controlled corporations (BizNews Asia
2007as cited by Batalla, V., 2011). The 22 companies could be identified with 11 families and individuals,
mostly Filipinos of Chinese ethnic background. The 11 families and individuals were the Zobel family
(Ayala), the Lopez clan, Lucio Tan, Henry Sy, John Gokongwei, Alfonso Yuchengco, Eduardo Cojuangco
Jr., Jose Yao Campos (Unilab Group of Companies), George Ty (Metrobank), Mariano Que (Mercury
Drug), and Tony Tan-Caktiong (Jollibee).

IMPORTANCE AND RELEVANCE OF ENTREPRENEURSHIP TO SHS STUDENTS

Importance of Entrepreneurship (www.reference.com)

1. Entrepreneurship generates new wealth in an economy.
2. Entrepreneurship decreases poverty.
3. It creates opportunities, ensures social justice, instills confidence, and stimulates the economy.
4. Entrepreneurship improves productivity
5. Entrepreneurs create jobs.
6. Entrepreneurs innovate.
7. Entrepreneurs create innovation and social change 8. Entrepreneurs give to society

Relevance of Entrepreneurship to SHS Students (www.europeanentrepreneurship.com)

1. To prepare students for livelihood even before college.
2. Entrepreneurship education aids students from all socioeconomic backgrounds to think outside the box and
nurture unconventional talents and skills.
3. 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.
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 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 experiences.
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.

Self-Assessment

Directions: Find out if you have the qualities of an entrepreneur. Put a check mark on the box.
Qualities YES NO
Risk Takers    
Communicator    
Leader    
Opportunity seeker    
Proactive    
Innovator    
Decisive    
Interpretation: if you have more YES than NO, you have the qualities of an entrepreneur.

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Let Us Appreciate: Picture Analysis
Directions: Analyze the picture below then answer the guide question. Write your answers in your answer
sheet.

https://images.search.yahoo.com

Guide Question: What appropriate product and/or business can be conceptualized during this COVID -19
pandemic? Give five examples.

Let Us Practice
Directions: Read and answer each statement carefully then write the letter of the best answer on a separate sheet
of paper.

1. Who acts as a coordinating agent in a capitalist economy?

A. Manager C. Entrepreneur B. Finance Officer D. Broker
2. Which of the following is not a definition of Entrepreneurship?
A. It creates opportunities, ensures social justice, instills confidence, and stimulates the economy.
B. It is an important part of the economic growth strategies of many local and national governments
around the world.
C. Refers to a person who sets up a business with the aim to make a profit.
D. The act of creating a business/es while building and scaling it to generate a profit.
3. Which of the following is the relevance of Entrepreneurship to SHS Students?
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 jobs.
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 an entrepreneur?
A. Innovative C. Collaborative B. Impulsive D. Creative

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EVALUATION

Directions: Give what is asked in the items below.

IV. Answer Key

Let Us Appreciate: Picture Analysis Let Us Practice
Students’ responses may vary, but may 1. C
include the following: 2. C
1. Delivery Services like grab food 3. A
2. Online Selling of food products and 4. C
hygiene products like soap, etc. 5. B
3. To make fashionable face masks
4. E-Loading services
5. Events hosting using an app like Zoom

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EVALUATION

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VII. References
Department of Education. Entrepreneurship – Grade 12 Alternative Delivery Mode Quarter 1 – Module 1:
Overview of Entrepreneurship and its Relevance to SHS Students First Edition, 2020
Philtech Institute of Arts and Technology, Inc. Entrepreneurship. Accessed September 1, 2021.
https://www.piat.ph/wp-content/uploads/2020/08/entrep-1-.pdf

Prepared by:

MARICEL S. OLBES
Gallanosa National High School

Validated by:

GRAZIELLE R. TAN
Gallanosa National High School