CODIUM, CYRYL P.

BSET 2 - A

FULL ACTIVITY AND ASSESMENT

Solve the Puzzle

FIGURE ME OUT

1. PLANNINGS
2. IMPLEMENTATION
3. INQUISITORS
4. INNOVATION
5. LAUNCHING
6. ENTREPENEUR
7. RISK TAKER
8. GENERATING
9. HUNTERS
10. INCUBATION

Across Down
1. the discovery or devising of a new 2. the development and construction
product phase
5. the phase in the innovation process in the innovation process
when the 3. this type of innovators collect and
new product is launched channel
6. innovator, risk-taker information about changes in the
8. innovation brings up new set of technical environment
possibilities 4. the key function of the entrepreneurial
10. in the innovation process, it is process
generation of 7. don't care about consequences or
idea failure
9. the type of innovators who provide
technical training related to new
Development
Do this independently.

DIRECTIONS: Read the situation below.

It is observed that during this pandemic, lots of businesses were greatly
affected because they have to stop operating. The construction industry is just
one of those that suffered. This resulted to income loss due to decrease in sales
and as a result loss of jobs among construction workers. The Contractors Guild
and the Association of Architects and Draftsmen in Zamboanga City, will be
conducting a virtual meeting to seek ideas on how to keep the construction
industry relevant during this pandemic. As a graduate of Architectural Drafting,
and a young entrepreneur, you were chosen by your fellow draftsmen to
represent your group. Your task is to come up with an idea for an alternative
business that will still make use of your drafting skills. The idea will be presented
to the contractors, architects and your fellow draftsmen during the virtual
meeting. In your presentation, you need to cite the important contribution the
alternative business can provide to society. Your presentation shall be in the
form of a leaflet. Your work in this activity will be assessed based on the facts
about the kind of behavior and mindset an entrepreneur possesses. Your output
will serve as your summative assessment for this lesson. An analytic rubric will
be used to grade your work.

Directions: Answer the following questions:

1. What is the purpose of the virtual meeting? (Goal)
 Without having to be in the same room physically, virtual meetings enable
participants to exchange data, information, and experiences in real time.

2. What is your assignment during the virtual meeting? (Role)

 In this task my task is to come up with an idea for an alternative businesses that
can also be used in my course.

3. To whom are you going to present your idea? (Audience)

 This is presented to contractors, architects, and fellow draftsmen.
4. What specific situation is being addressed? (Situation)
 During this pandemic, lots of businesses were greatly affected because they have
to stop operating. The construction industry is just one of those that suffered. This
resulted to income loss due to decrease in sales and as a result loss of jobs among
construction workers.

5. What is it that you need to accomplish in this activity? (Product)

 To cite the important contribution the alternative business can provide to society.
Your presentation shall be in the form of a leaflet.

6. How is your output assessed or graded? (Standards)

 By using analytic rubric for my presentation to grade my work.

DIRECTIONS: Read and understand the instruction carefully. Choose only one of
the two prominent personalities entrepreneurs: a.) Bill Gates b.) Steve Jobs’.
Then answer the question – How does this prominent entrepreneur become more
successful in his venture?. Write your answer inside the box with no less than 150
words.
Bill Gates
His achievement is the product of years of effort and hard work; it is not
accidental. "Success is a terrible instructor. Bill Gates stated as much in his 1996
book The Journey Ahead. "It seduces educated individuals into believing they
can't lose.Since he was in the eighth grade, Bill Gates has had a deep affinity for
computers and programming. Bill Gates' school's Mothers Club bought a
Teletype Model 33, which he had use of, years before other schools had access to
computers. Bill Gates was always part of a team; he co-founded Microsoft with
his friend Paul Allen. He read each sold code when Microsoft was first starting
up. Bill Gates wanted his staff to share his commitment to Microsoft. Working as
a team instead of by yourself makes success easier to accomplish. Microsoft
made an effort to increase the breadth of its product offerings despite the difficult
road. Despite his success, Bill Gates found himself up against fierce competition
from a range of businesses hoping to take advantage of a developing industry
while working at the cutting edge of commercial software and information
technology. Microsoft, and by implication Bill Gates, are still tremendously
successful despite the business's difficulties and the fact that many industry
analysts have previously stated that the corporation generally missed the broader
move to mobile technology.
ANALYSIS

1. From your answer of the above activity (based on your research) what significant
characteristics should one possess to become a successful entrepreneur?
 Based on my research in order for us to become a successful entrepreneur is that
we must have a willingness to fail and a competitive spirit. In making a business
it is important to compete with other businesses in a natural way to give more
effective products or saleable things to the consumer and also remember that
failing is not a failure. Stand strong in making business and someday it is your
time to shine when your business is blooming.

2. Cite at least three most important characteristics an entrepreneur?

 Successful entrepreneur is Resilient, confident and innovative.

ABSTRACTION

DIRECTIONS: Read and understand the questions carefully.

1. If you choose 5 among the 9 Personality types of Entrepreneurs, What

they are and defend your answer?
 The Analyst, The hero, The Artist, Visionary, and the Improve. In my chosen
personality the best personality of an entrepreneur is the Improve one because
every time we are making a business there will be a failure sometimes in the
journey. So as an entrepreneur why not recycle that failure into more effort to
improve and make our business effective? Furthermore we must have always a
vision of something that is effective in our future business and cite potentials of
source of income.

2. From your own opinion, Why these factors which determine a business
success or failure are more important?
 These factors are based on the observation of analysis which is a reliable
measures to prove that all successful entrepreneur personality is impacted by their
attitude and character which lead them to be a billionaire and millionaire.
3. If you’re going to choose 5 among the 10 essential characteristics of
being successful an entrepreneur which will you choose and why?
 The Creative, Resourceful, Flexible, Persuasive, Adventurous. In my chosen
personality the best personality of an entrepreneur is being creative with a
flexible mindset. In our era there are so many alike businesses that is owned by
different owners. For me it is important to create business which is a unique one.
Being a visionary also is a long thought preparation for a business that is a
saleable and launch it in a very popular time.

4. Are entrepreneurs good managers? Defend your answer.

 For me its no, entrepreneur and manager are different. It depends on how the
entrepreneurs pose their selves on a business with accordance of their personality.
Manager, for me is the hardest position in a company. They are systematic
individual that many business owner cannot carry.

Direction: Write your answer inside the box. “Do entrepreneurs and
managers differ from ethical conduct? Why?”

The phrases "entrepreneur" and "manager," which sound similar but have
separate functions, are frequently employed in management jargon. Both of
these aid in the effective organization, administration, and control of the
business.The role one occupies inside an organization is the key distinction
between an entrepreneur and a manager. An entrepreneurs is the business
concern's owner, while a manager is that company's employee. For pupils
wanting to study the contrast between manager and
entrepreneur, this essay acts as a fast reckon.

DIRECTIONS: Read and understand the given questions carefully.

1. Given the 3 Decision-Making Conditions, how does these decision-making shall
apply in terms of strategies used to reduced risks?
 Decision making is the crucial things that we made. Given this conditions an
entrepeneur must be strong and confident that their decisions is heartedly. With
this they are prepared for the unusual result and transpose negative to positive
side.
2. Among the 4 categories in developing a strategies to reduced risks, If
you’re going to choose 2 of these categories; What will be the best
category to reduced risk in business? Defend your answer.
 For me its Risk reduction and risk avoidance. Organizations can decide not to
engage in certain activities if they choose undesirable dangers. By delegating
tasks to individuals who are more qualified, companies may decrease risk or to
those who can demonstrate a capacity for management, or minimize dangers.

3. How can risk be managed?

 Avoidance, retention, sharing, transferring, and loss prevention and reduction are
the fundamental risk management strategies that may be applied to many areas of
a person's life and have long-term benefits.

DIRECTIONS: Check your understanding of the input by answering the

following questions:

1. Discuss of what have you understand about the “Risks Involved in

Decision Making for a New Venture”?

 Although risk is a major factor in most entrepreneurial decisions, the study has
specifically looked at how risk factors, risk perceptions, and risk-taking
propensities of entrepreneurs affect decisions about potentially dangerous
business projects. In any company, risk is the primary source of uncertainty.
hence, businesses concentrate more on identifying risks and mitigating them
before they become problems impact the company even. The capacity to handle
risk will aid business decision-making. More assuredly about next business
decisions. They are aware of the dangers. They are dealing with will provide
them with a range of alternatives for dealing with possible problems. Risk can
originate both inside and externally. The outside dangers are those that the
management does not directly control. These consist of political concerns,
currency exchange rates, interest rates, etc. on internal hazards on the other hand,
comprise noncompliance or privacy violations, among numerous others
2. Based on your understanding, discuss about the “Strategies Used To
Reduce Risks”.
 The act of starting a new project or endeavor, such as Organizations must either
manage their daily operations or the market. Be ready for the potential that events
won't unfold as planned. Practitioner employ risk management procedures to aid
in problem identification and put solutions in place. This is a component of an
ongoing evaluation process, feedback and prioritization The goals of this
procedure can be reviewed at any stage. the external environment's structure or
conditions might alter, requires a company to be adaptable in how it handles new
hazards. Without a thorough assessment of particular hazards and a strategy to
reduce them, Businesses might experience losses. Previously engaged in
international trade companies need to safeguard their business operations and
profits via ongoing planning and risk analysis.

3. Why do entrepreneur take risk?

 Risk-taking is the foundation of entrepreneurship, and starting a firm is a risk in
and of itself. Risk-taking and business expansion go hand in hand for
entrepreneurs. Whatever the size of the risk, entrepreneurs incur it on a daily
basis. If you're wondering about a few of the most prevalent justifications for
taking risks in the today's business environment, read on

Do this independently
DIRECTIONS: Read the situation below
DIRECTIONS: Read and understand the situation carefully. Then answer
the following questions. Here attached the rubric.

1. As individual entrepreneur, what can you tell about the family background of
Charles Barley?
 As I observed, Charles family is a very supportive parents. They are helping one
another to give Charles and contribute more funds.
2. What does Charles Barley possess to become an essential characteristics being a
successful entrepreneur? Why?
 As I noticed Charles is always ready to take the risk in spite of their wealth and
access to money.

3. Does Charles Barley experience failure in his business? Defend your answer.
 As of the situation of Charles I don’t see any position that makes him a failure.
Thus his family brought him a heart warming support to his business.

4. Is it ethical for Charles to tell his other relatives the good news? Why or why not?
 I think the intention of Charles was to motivate their family to make business
more and be inspired to do so. Charles is just proving them then when family
helps each other the success will follows.

5. If you were advising Charles, what would you tell him? Why?
 What I can say to him is to be persuasive in all matter especially with his business.
Although it makes him dependent but I know he will learned from it and help his
own someday.

6. What entrepreneurial strategy would you recommend to Charles Barley to avoid

risk in their business? Defend your answer.
 I will recommend to Charles to be efficient in all aspects of his business. He have
the money and the support and for me all he needs is to be efficient and with that
he will succeed in his journey.