ENTREPRENEURSHIP

TOPIC
T
• Introduction to Entrepreneurship and its Relevance of to SHS Students

LEARNING TARGETS
L At the end of the lesson, learners should be able to:
• Discuss the relevance of the course

MOTIVATION

M
https://www.youtube.com/watch?v=prDsSjywWag

INTRODUCTION
The word “entrepreneur” is derived from the French verb enterprendre, which means
„to undertake‟. This refers to those who “undertake” the risk of new enterprises. An
enterprise is created by an entrepreneur. The process of creation is called
“entrepreneurship”.

Entrepreneurship is one of the resources economists categorize as integral to

production; the three resources are land/natural resources, labor and capital. An
entrepreneur combines these three 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

I ENTREPRENEURSHIP IS…
• The act of creating a business or businesses 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.
• About building a life on your own terms. No bosses. No restricting schedules.
And no one holds you back.
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.
 DIFFERENCE BETWEEN ENTREPRENEURSHIP AND ENTREPRENEUR

ENTREPRENEURSHIP
Entrepreneurship is a process.
Entrepreneurship is an organization.
Entrepreneurship is an innovation.
Entrepreneurship is risk bearing.
Entrepreneurship is motivation.
Entrepreneurship is a creation.
Entrepreneurship is a vision.
Entrepreneurship is leadership.
Entrepreneurship is an imitation.
ENTREPRENEURS
Entrepreneur is a person
Entrepreneur is an organizer.
Entrepreneur is an innovator.
Entrepreneur is risk bearer.
Entrepreneur is motivator.
Entrepreneur is a creator.
Entrepreneur is a visualizer.
Entrepreneur is leader.
Entrepreneur is an imitator.

Note: Understanding what an entrepreneur is can help more people recognize the value
they contribute to the world. Entrepreneurs take the idea and execute it while
entrepreneurship is about execution of ideas.

ENTREPRENEURSHIP IN THE PHILIPPINES (BATALLA, V. (2011)

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 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 OF ENTREPRENEURSHIP
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

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
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.

INSTRUCTION

CLASSIFY (15 points)

Directions: Pick up the words from the box and place in
appropriate category.

Process Innovator leader vision

Executor Risk bearer creation imitation
Organization Visualizer Execution Risk Taking
To Undertake Innovation Organizer

Entrepreneurship Entrepreneur
INTERACT

Group Activity-20 points

Direction: The class will be divided into Four Groups. Each
group will choose one successful entrepreneur. Discuss
their story on how they start as an entrepreneur and how
they become a successful.

INVOLVE RUBRICS:
 REFLECTIVE LEARNING (Performance Task-20 points)
Directions: Draw a picture that shows you as a successful
entrepreneur then write down at least five (5) sentences
why you want to become a successful Entrepreneur
someday.

INTEGRATE

TRUE OR FALSE (15 points)

Direction: Write TRUE if the statement is correct and
FALSE if the statement is incorrect.
__________1. An entrepreneur is a “Risk Taker”.
__________2. An entrepreneur can also be a researcher.
__________3. Entrepreneurship is a process of actions of
an entrepreneur who is not in search of opportunities.
__________4. The entrepreneur could easily see the
results of his efforts.
__________5. Entrepreneurship graduates can become
business reporters.
__________6. Entrepreneurship is not an economic
INTELLECTUALIZE activity
__________7. Coward people will become successful
entrepreneurs.
__________8. The greatest significance of
entrepreneurship is to help identify and develop the
managerial capabilities of entrepreneurs.
__________9. Entrepreneurship can improve the life of
the entrepreneur only.
__________10. Entrepreneurship is a process of actions of
an entrepreneur who is always in search of opportunities.
__________11. Profit potential is the compensation of the
entrepreneur.
__________12. Entrepreneurship education aids students
from all socioeconomic backgrounds to think inside the
box and nurture unconventional talents and skills.
__________13. Entrepreneurship take the idea and
execute it while entrepreneur is about execution of ideas.
__________14. The process of creation is called
entrepreneurship.
__________15. French verb enterprendre, which means
to undertake.

GOD BLESS AND LIVE MARY!

Prepared by:
Jessica Marie Ngo-Remulla, MBA, LPT