Entrep Q1 W1

Republic of the Philippines
Department of Education
Region VIII
Division of Southern Leyte
STA. PAZ NATIONAL HIGH SCHOOL
Pasanon, San Francisco, Southern Leyte
ENTREPRENEURSHIP – QUARTER 1 WEEK 1
Lesson
Introduction to Entrepreneurship
1
What is it?
Competencies of Entrepreneurs
1. What characteristics that you can observe or see that is common to them?
2. Who among the entrepreneurs you mentioned that you admire most and why?
3. In your own opinion, what do you need to possess to become a successful
entrepreneur?
Relevance of Entrepreneurship to an organization
1. Development of Managerial capabilities- this means that one of the
benefits an entrepreneur gets is to develop his managerial skills.
2. Creation of Organizations- which means that because of entrepreneurships
many organizations will exist.
3. Improving standard of living- this means that entrepreneurship can lift up
the economic status of an individual.
4. Means of economic development- this means that not only the life of the
entrepreneur is improved but also the society where the business is located.
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”.
Entrepreneurs are innovators, willing to take risks and gener ate new ideas to
make it unique and profitable solutions to the present-day problems.
Factors Affecting Entrepreneurship

1. Personality Factors which includes:
a. Initiative- which means doing things even before being told
1
b. Proactive-which means he can classify opportunities and seize it.
c. Problem Solver- which means he can retain good relations with other
people.
d. Perseverance-meaning he will pursue things to get done regardless of

challenges
e. Persuasion- means that he can entice people to buy even if they don’t.
f. A Planner- meaning he makes plan before doing things and do not fail to
monitor it.
g. Risk-taker which means that he is willing to gamble but he will calculate it
first.
2. Environmental Factors which include political, climate, legal system,
economic and social conditions and market situations.
Common Competencies in Entrepreneurship
1. Decisive- an entrepreneur must be firm in making decisions.
2. Communicator- an entrepreneur must have a convincing power.
3. Leader-an entrepreneur an entrepreneur must have the charisma to be
obeyed by his employees
4. Opportunity seeker- an entrepreneur must have the ability to be the first to
see business chances.
5. Proactive- controlling a situation by making things to happen or by preparing
for possible future problems.
6. Risk Taker- they have the courage to pursue what is their business ideas.
7. Innovative- the entrepreneurs have big business ideas and they do not stop
improving and thinking of new worthwhile ideas for their business.
Core Competencies in Entrepreneurship

1. Economic and dynamic activity- Entrepreneurship is an economic activity
because it involves the creation and operation of an enterprise with a view to
creating value or w ealth by ensuring optimum utilization of limited resources.
2. Innovative- Entrepreneurs constantly look for new ideas, thus he needs to be
creative.
3. Profit Potential- meaning the entrepreneur can be compensated by his profit
coming from the operation.
4. Risk bearing –meaning the entrepreneur needs to gamble but wise enough
to offset the risk.
Types of entrepreneurs
2
1. Innovative entrepreneur- they are those who always make new things by
thinking of new ideas.
2. Imitating entrepreneurs- they are those who don’t create new things but only
follow the ideas of other entrepreneurs.
3. Fabian entrepreneurs- they are those skeptical. They don’t initiate but follow
only after they are satisfied.
4. Drone entrepreneur- they are those who lives on the labor of others. They
are die-hard conservatives even ready to suffer the loss of business.
5. Social entrepreneurs-they are those who initiate changes in the various
fields such as education, health, human rights, environment and enterprise
development.
Career Opportunities of Entrepreneurship
1. Business Consultant- with the expertise of the entrepreneur he can be a

very good source of advices to other entrepreneurs and would be business
man.
2. Teacher- a graduate of an entrepreneurship can be use his knowledge in
teaching
3. Researcher- the entrepreneur can be employed as researcher by an
enterprise.
4. Sales- the entrepreneurship graduate can apply as salesman
5. Business Reporter- the entrepreneur being expert in the field, he can be
employed as business reporter.
Types of Entrepreneurs
1. Innovative entrepreneurs- have the ability to think newer, better and more
economical ideas.
2. Imitating- these are people who follow the path show by innovative
entrepreneurs
3. Fabian Entrepreneurs- are skeptical about changes to be made in the
organization.
4. Drone entrepreneurs- are persons who lives on the labor of other

5. Social entrepreneur- are people who drive social innovation and
transformation in various fields including education, health, human rights and
many other
3
Assessment
Now, that you are finished accomplishing the module, let us check what you have learned.
Answer the questions given below by encircling the letter of the correct answer.
1. The entrepreneurs who create new ideas are called?
a. Innovative
c. Fabian
b. Imitating
d. Drone
2. The entrepreneur who lives on the labor of others is called?
a. Drone
c. Imitating
b. Fabian
d. Innovative
3. These are entrepreneurs who are to follow the path shown by innovative entrepreneur.
a. Innovative c. Social Entrepreneurs
b. Imitating d. Fabian
4. Which of the following is NOT a function of an entrepreneur?
a. Skills management c. Conduct research
b. Risk taking d. Make no changes with his product
5. Entrepreneur means:
a. Risk taker
c. To research
b. To undertake
d. To improve standard of living
6. It is a personality factor which means “doing things even before being told”
a. proactive
c. persuasion
b. perseverance
d. initiative
7. It is a personality factor which means convincing customers to buy the product
a. Proactive c. Self-confidence
b. Persuasion d. Risk taker
8. Which of the choices is NOT part of the environmental factors?
a. Political c. climate
b. Weather condition d. family background of the manager
9. All except one does NOT belong to the group?
a. Unfair trade practices
c. Political protest
b. Strikes
d. Product
10. The entrepreneur who is skeptical about the changes in the company is called?
a. Fabian c. Drone
b. Social entrepreneur d. Imitating

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Republic of the Philippines

ENTREPRENEURSHIP – QUARTER 1 WEEK 1

Factors Affecting Entrepreneurship

d. Perseverance-meaning he will pursue things to get done regardless of

Core Competencies in Entrepreneurship

Career Opportunities of Entrepreneurship

1. Business Consultant- with the expertise of the entrepreneur he can be a

4. Drone entrepreneurs- are persons who lives on the labor of other

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