Republic of the Philippines

Department of Education
Region V (Bicol)
Division of City Schools
MASBATE NATIONAL COMPREHENSIVE HIGH SCHOOL
Masbate City

ENTREPRENEURSHIP
2nd SEMESTER, SY. 2021-2022

3rd QUARTER - WEEK 1:

Overview of Entrepreneurship And Its Relevance to SHS Students

Name of learner:__________________________________ Grade level:_________________

Section: _________________________________________ Date:______________________

I. INTRODUCTORY CONCEPT

Businesses are the backbone of the economy. Entrepreneurs plays an important role in developing
the economy through providing the needed products and services including the solution to the problem of
unemployment.

Entrepreneurs are encouraged by the economy because they can provide a lot of opportunities
for the unemployed young people. It will increase in per capita income, higher standard of living and
increased individual saving, revenue to the government in the form of income tax, value added tax, export
duties, import duties, and balanced regional development.

Please use this LAS with due care. Do not put unnecessary marks on any part of this LAS except in
the space provided. Use a separate sheet of paper in answering the exercises and tests if necessary. And
read the instructions carefully before performing each task. If you have any questions in using this LAS or
any difficulty in answering the tasks, do not hesitate to consult your teacher or facilitator.

II. LEARNING SKILLS/CONTENT

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
comprehensionskills through understanding written texts. It covers many different learning situations where
you can relate your personal experiences on different practical scenarios about Entrepreneurship.

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After going through this module, you are expected to:

• Increase your knowledge about Entrepreneurship;

• Determine the relevance of Entrepreneurship to your everyday life and to the society as a whole.

LESSON 1. INTRODUCTION TO ENTREPRENEURSHIP

CONCEPT OF ENTREPRENEURSHIP

The word “entrepreneur” was derived from the French verb enterprendre, which means “to
undertake”. This is pinpointing to those who ”undertake” the risk of enterprise. The enterprise is created by
an entrepreneur and the process is called “Entrepreneurship”.

Entrepreneurship is the art of observing correct practices in managing and operating a self-owned
wealth-creating business enterprise by providing goods and services that are valuable to the customers.
(Entrepreneurship in Philippine Setting for Senior High School-Nick L. Aduana)

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 (www.investopedia.com).

OVERVIEW OF ENTREPRENEURSHIP
Meaning of Entrepreneurship and Entrepreneur

Entrepreneurship is…

• The act of creating a business or businesses while building and scaling itto 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.

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

RELEVANCE OF ENTREPRENEURSHIP TO SHS STUDENTS

Importance of Entrepreneurship
1. Entrepreneurship generates new wealth in an economy.
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 2. Entrepreneurship decreases poverty.
3. It creates opportunities, ensures social justice, instills confidence and stimulate 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.
Entrepreneurship in the Philippines

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).

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 asocially 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 ownventures.

III. LEARNING ACTIVITIES

Independent Activity 1. Picture Analysis.

Analyze the picture below then answer the corresponding guide questions. Write your answer in a yellow
paper. (15pts.) Please refer to the rubric on page 5.

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 https://images.search.yahoo.com

Guide Question: What can you observe in the picture? What do you think are the appropriate products
and/or businesses that can be conceptualized during this COVID -19 pandemic? Explain your answer.
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Independent Activity 2. Enumeration.

Give what is asked in the items below. Write your answer in a yellow paper.

ITEMS ANSWER
1. Three (3) business economic resources. A.
B.
C.
2. Three (3) importance of Entrepreneurship A.
to the economy. B.
C.
3. Three (3) relevance of Entrepreneurship to A.
you as a student B.
C.
4. Three (3) known families who own the big A.
Corporations in the Philippines. B.
C.
5. Three (3) characteristics of an Entrepreneur. A.
B.
C.

ACTIVITY 3. ADDITIONAL ACTIVITY

In the table below, write down at least five (5) sentences why you would want to become an
Entrepreneur someday.

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 The following motivates me to become an entrepreneur someday:
1.

2.

3.

4.

5.

IV. RUBRIC

For Independent Activity 1

RUBRIC EXCELLENT (5 PTS) AVERAGE (3 PTS) NI (1 PT)

Content Substantial, specific and/or Sufficiently developed Limited content
illustrative content content with adequate with inadequate
demonstrating strong explanation. explanation.
development and
sophisticated ideas.
Organization of Functional arrangement of Confused or Minimal control of
ideas content that sustains logical inconsistent content
order transition. arrangement of content. arrangement.
Neatness Work is neatly done Work has two or three Work is illegible.
areas that are sloppy.

V. ANSWER KEY

• Independent Activity 1. Picture Analysis

-Answers may vary.

• Independent Activity 2. Enumeration

ITEMS ANSWER
1. Give the three business A. Land
resources. B. Labor
C. Capital
2. Give three (3) importance A. Entrepreneurship generates new wealth in an
of Entrepreneurship to the economy.
economy. B. Entrepreneurship decreases poverty.
C. It creates opportunities, ensures social justice, instills
confidence and stimulates the economy.
D. Entrepreneurship improves productivity
E. Entrepreneurs create jobs.
F. Entrepreneurs innovate.
G. Entrepreneurs create innovation and social change
H. Entrepreneurs give to society

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 3. Give three relevance of
Entrepreneurship to you as a
student
4. Give three (3) known families
who owned the big Corporations
in the Philippines.
5. Give three characteristics of an
Entrepreneur.
A. To prepare students for livelihood even before college.
B. Entrepreneurship education aids students from 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
I. own ventures.
Zobel family (Ayala), the Lopez clan, Lucio Tan, Henry
Sy, John Gokongwei, Alfonso Yuchengco, Eduardo
Cojuangco Jr., Jose Yao Campos (UnilabGroup of
Companies), George Ty (Metrobank), Mariano Que
(Mercury Drug), and Tony Tan-
Caktiong (Jollibee).
Innovative, Resourceful, creative, Hardworking,
Critical thinker, Risk taker etc.

• Additional Activity

-Answers may vary.

VI. REFLECTION JOURNAL

What did you learn from this lesson/activity?

_______________________________________________________________________________________
_______________________________________________________________________________________
_______________________________________________________________________________________
_______________________________________________________________________________________

VII. REFERENCES

Book
-Teacher guide donated by Higher Education Department to DepEd

Websites
Batalla, V. (2011). Entrepreneurship and Philippine Development. Retrieved from:
https//www.academia.edu/26552052/Entrepreneurship_and Philippine_ Development

Hayes, A. (2020). Entrepreneur Retrieved from: https://www.investopedia. com/terms/e/entrepreneur.asp

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Entrepreneurship: Characteristics, Importance, Types, and Functions of Entrepreneurship, Retrieved from:
https://www.yourarticlelibrary. com/

What Is the Importance of Entrepreneurship?

Retrieved from: https://www.reference.com/business-finance/importance- entrepreneurship-a80aee8f21d6b6c1

Why We Need to Study and Learn Entrepreneurship? Retrieved from:

https://www.europeanentrepreneurship.com/need-study-learn- entrepreneurship-education/

Prepared by:

MA. CHONA A.GUALVEZ

Entrepreneurship Teacher

Checked & Verified:

MARGIE B. ANDAYA MBM

MT-II/ABM Coordinator

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