Republic of the Philippines

Region VI-Western Visayas

Department of Education
Schools Division of Passi City
Passi National High School
SENIOR HIGH SCHOOL PROGRAM
Passi City, Iloilo
Tel. No: 311- 5997

SELF LEARNING MODULE

FOR SENIOR HIGH
SCHOOL LEARNERS

Grade Level: Grade 12

Specialized Subject: Entrepreneurship
Semester: First Semester
Quarter 1, Week 1

LEARNING COMPETENCY:
Discuss the relevance of the course

Relevance of the Course

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 This module was designed to provide you with fun and
meaningful opportunities for guided and independent learning at
your own pace and time. You will be enabled to process the
contents of the learning resource while being an active learner.

After going through this module, you are expected to:

1. Increase your knowledge about entrepreneurship.
2. Determine the relevance of Entrepreneurship to your
everyday life and to the society as a whole.

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?

2. If you were to think of a question that you want to

ask about entrepreneurship and its relevance to your
everyday life and to the society as a whole?
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DIRECTIONS: In the table below, write down at least five (5)
sentences why you want to become an Entrepreneur
someday.

The following motivates me to become an entrepreneur

someday:
1.
2.
3.
4.
5.

ENTREPRENEUR WORD CLOUD

Collect some more definitions of „Entrepreneur‟. Ask your

friends, family and classmates what they think the definition is. (
You may ask them through text, call, or chat ).
You may also search online some of the definitions from a
certain author.

Record (write down) their definitions.

______________________________________________________
______________________________________________________
______________________________________________________
______________________________________________________
______________________________________________________
______________________________________________________
______________________________________________________
______________________________________________________
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Pick out the common word from all the definitions and choose only
one task from the following:
a. Entrepreneur word cloud

b. Concept map

c. Main and supporting ideas chart

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 Background Information for Learners

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” (www.yourarticlelibrary.com).
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).

(Meaning of Entrepreneurship and Entrepreneur

(www.investopedia.com, www.reference.com,
www.europeanentrepreneurship.com)

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.

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 • 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 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).

There are many different definitions of an Entrepreneur.

“Entrepreneurship is the process of designing, launching, and
running a new business which is often initially a small business. The
people who create these businesses are called entrepreneurs.”
Wikipedia
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“One who organizes and manages any enterprise, especially one
involving considerable risk.”
Macquarie Dictionary
“A person who sets up a business or businesses, taking on financial
risks in the hope of profit.”
Oxford Dictionary
“Someone who undertakes a significant project or activity finding
new or better ways of doing things; they are opportunity-aware, take
risks and utilize a range of behaviors, such as initiative and
innovation, that create value and contribute to their success.”
Australian Curriculum, ACARA
Entrepreneurship is a key driver of our economy. The 1987
Philippine Constitution recognizes entrepreneurship as an engine of
economic growth. Article XII Section 1 highlights the role of private
enterprises in supporting equitable distribution of income and
wealth, sustaining production of goods and services and expanding
productivity, therefore raising the quality of life.

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 the Course to the 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.
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 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.

Identification. Read carefully the statements below and identify

whether this refers to Entrepreneurship or Entrepreneur. Write
your answer in a yellow paper.

1. A person who undertakes the risk of starting a new business

venture.
2. It is high-risk, but also can be high-reward as it serves to
generate economic wealth, growth, and innovation.
3. Creates a firm, which aggregates capital and labor in order
to produce goods or services for profit.
4. It is an important driver of economic growth and innovation.
5. Creates a business plan, hire labor, acquire resources and
financing, and provide leadership and management for the business.

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I have learned that __________________________________________.

I have realized that __________________________________________.

I will apply _________________________________________________.

Embarking on the entrepreneurial career path to “being your own

boss” is exciting. But along with all your research, make sure to do
your homework about yourself and your situation
(investopedia.com).

A Few Questions to Ask Yourself (ww.investopedia.com)

• Do I have the personality, temperament, and mind-set of taking on

the world on my own terms?
• Do I have the required ambiance and resources to devote all my
time to my venture?
• Do I have the required network to seek help and advice as
needed?
• Have I identified and built bridges with experienced mentors to
learn from their expertise?
• Have I identified my target customer base for the initial phase?
• Have I identified sales and distribution channels?
• Who are the funding sources I may need to approach to make this
big?
• What technical infrastructure do I need?

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Important Reminders:
For those who cannot pass on time during the
submission of answer sheets/performance tasks due to some
reasons, you can submit through our GC or my email ad
ellenmae.sria@gmail.com.
For questions or clarifications, you may call, text or chat
messages to your teachers Monday to Friday, 8:00AM-5:00PM
only.

References
Entrepreneurship by Marife Agustin – Acierto
STELR.ORG.AU ENTREPRENEUR WORKBOOK
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
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:

ELLEN MAE H. PASCO

ROLANDO JR, A. PADERNA
MARISSA S. GABALDON
SST – II
Passi National High School
Region VI-Western Visayas

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