SENIOR

Entrepreneurship HIGH
SCHOOL

Module
Overview of Entrepreneurship 1
Quarter 1
Entrepreneurship
Quarter 1 – Module1: Overview of Entrepreneurship
First Edition, 2020

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Development Team of the Self-Learning Module

Writer: Ethel May Barcelona
Editors: Marivi T. Camacho, Buena R. Abestilla
Reviewers:
Content/Language: Edna D. Camarao, Dennis T. Alex
Technical: Cerina V. Galoy
Illustrator:
Layout Artist:
Management Team: Ma. Evalou Concepcion A. Agustin
OIC-Schools Division Superintendent
Aurelio G. Alfonso EdD
OIC-Assistant Schools Division Superintendent
Victor M. Javeña EdD
Chief, School Governance and Operations Division and
OIC-Chief, Curriculum Implementation Division

Education Program Supervisors

Librada L. Agon EdD (EPP/TLE/TVL/TVE)

Liza A. Alvarez (Science/STEM/SSP)
Bernard R. Balitao (AP/HUMSS)
Joselito E. Calios (English/SPFL/GAS)
Norlyn D. Conde EdD (MAPEH/SPA/SPS/HOPE/A&D/Sports)
Wilma Q. Del Rosario (LRMS/ADM)
Ma. Teresita E. Herrera EdD (Filipino/GAS/Piling Larang)
Perlita M. Ignacio PhD (EsP)
Dulce O. Santos PhD (Kindergarten/MTB-MLE)
Teresita P. Tagulao EdD (Mathematics/ABM)

Published by the Department of Education - Schools Division of Pasig City

Printed in the Philippines by Department of Education – Schools Division of

 Pasig City

SENIOR
Entrepreneurship HIGH
SCHOOL

Self-Learning
Module

1
Quarter 1

Overview of Entrepreneurship
Introductory Message

For the facilitator:

Welcome to the Entrepreneurship with Grade 12 Self-Learning Module on

Overview of Entrepreneurship!
This Self-Learning Module was collaboratively designed, developed and
reviewed by educators from the Schools Division Office of Pasig City headed by its
Officer-in-Charge Schools Division Superintendent, Ma. Evalou Concepcion A.
Agustin, in partnership with the City Government of Pasig through its mayor,
Honorable Victor Ma. Regis N. Sotto. The writers utilized the standards set by the K
to 12 Curriculum using the Most Essential Learning Competencies (MELC) in
developing this instructional resource.

This learning material hopes to engage the learners in guided and

independent learning activities at their own pace and time. Further, this also aims
to help learners acquire the needed 21st century skills especially the 5 Cs, namely:
Communication, Collaboration, Creativity, Critical Thinking, and Character while
taking into consideration their needs and circumstances.

In addition to the material in the main text, you will also see this box in the
body of the module:

Notes to the Teacher

This contains helpful tips or strategies
that will help you in guiding the learners.

As a facilitator you are expected to orient the learners on how to use this
module. You also need to keep track of the learners' progress while allowing them
to manage their own learning. Moreover, you are expected to encourage and assist
the learners as they do the tasks included in the module.
 For the learner:

Welcome to the Entrepreneurship Self-Learning Module on Overview of

Entrepreneurship.
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 material while being an
active learner.

This module has the following parts and corresponding icons:

Expectations - This points to the set of knowledge and skills

that you will learn after completing the module.

Pretest - This measures your prior knowledge about the lesson

at hand.

Recap - This part of the module provides a review of concepts

and skills that you already know about a previous lesson.

Lesson - This section discusses the topic in the module.

Activities - This is a set of activities that you need to perform.

Wrap-Up - This section summarizes the concepts and

application of the lesson.

Valuing - This part integrates a desirable moral value in the

lesson.

Posttest - This measures how much you have learned from the
entire module.
 EXPECTATIONS

LEARNING OBJECTIVES: After going through this module, you are expected to

1. define entrepreneurship and entrepreneur;

2. identify common elements of entrepreneurship; and

3. discuss the history of Entrepreneurship.

PRETEST

DIRECTIONS: Read each item carefully. Select the letter of the best answer
from the choices given.

______1. What term refers to create new business through economic and innovative
activities to turn new ideas to breakthrough solutions?
A. Business Enterprise B. Entreprendre
C. Business Process Enterprise D. Entrepreneurship
______2. Which of the following terms is the process/act of introducing new ideas,
devices, or methods to an organization?
A. Innovation B. Invention
C. Technology D. Modernization
______3. What business term is synonymous to an Entrepreneur?
A. Customers B. Owner
C. Users D. Employee
______4. Which of the following terms refers to all activities involved in securing
new and additional resources for your organization that involve making
better use of, and maximizing, existing resources?
A. Innovation
B. Encountering risk and uncertainties
C. Resource Mobilizing
D. Opportunity seeking and Exploitation
 ______5. Whose president issued E.O. 470 establishing the Youth
Entrepreneurship Program as an answer to the global call to engage the young
in the economic development and nation-building?
A. Ferdinand Marcos
B. Gloria Macapagal Arroyo
C. Diosdado Macapagal
D. Ninoy Aquino

RECAP
Below are two-word clouds. Entrepreneurship and an entrepreneur.
Create a definition by using the terms around Entrepreneurship and
Entrepreneur. Write your answer below the word cloud.

__________________________________________ ____________________________________
__________________________________________ ____________________________________
__________________________________________ ____________________________________
__________________________________________ ____________________________________
__________________________________________ ____________________________________
__________________________________________ ____________________________________

The terms in the word cloud comprise the concept of Entrepreneurship and
Entrepreneur.

LESSON
 The picture is a typical sari-sari store that you can find in every society, what
is the effect of its presence in your community?

Fig 1:https://www.google.com/

This module will teach you the fundamentals of entrepreneurship starting

with the role it plays in society and the economy. Besides you will also know key
concepts of common and core competencies that require skills to become a
successful entrepreneur. Compared to being an employee, you will understand the
pros and cons of being an entrepreneur.

In the time of COVID-19 pandemic situations, many people lost their jobs
that is why some people are seeking business opportunities in to provide their
family needs. This allows people to be an entrepreneur without proper knowledge
or experience. One example of a booming industry these days is an online
business that is helpful to augment the basic needs of the family. The relentless
pursuit of new things specifically in terms of business made each family work on
their best. Thus, to survive the main objective of business lies in the ability to earn
profits from producing, selling, and buying commodities. This situation changed
the whole business paradigm.

Who is an Entrepreneur?

The term “entrepreneur” has a French source

and was coined from the words entre, which means
“between,” and prendre, which means, “to take.” Figure 1 https://www.google.com/

An entrepreneur is a unique individual with the innate ability and

extraordinary dedication to establish and manage a business, recognizing all
the risks, and reaping their rewards. It is not a career that anyone will simply
jump into after you plan to do so. It needs a diverse business experience to be
called one, ranging from advertising and marketing knowledge to versatility in
operations, and financial skills.

 “Someone who recognizes opportunities, strategies, mobilizes resources,

manages, and accepts the risks of a business to have a positive impact on
society.”
 The person behind the entrepreneurship, having certain characteristics and
diverse traits that make him unique.

Entrepreneurs do create value in expanding the scope of their market and

product creation.

As we find possible ways to solve the solution to the crisis. An opportunity

exists as an entrepreneur begins to take the lead.
What is Entrepreneurship?

 Is a proactive process of developing a profit-making

business venture. It involves searching for market
opportunities, establishing and operating a business
out of the opportunity, and assessing its risks and
rewards by closely monitoring the operations. The
creation of a sound business plan, together with the
efficient and effective operation of the business will

benefit not only the entrepreneur but the whole Figure 2

https://www.google.com/
society and the economy as well.
 An activity that includes the discovery, evaluation, and exploitation of
opportunities to introduce new goods and services.
 Having profited from bearing uncertainty and risk (Knight 1921, 3)
 Capacity for innovation, investment, and expansion in new markets,
products, and techniques. (Fajardo, 1994, 4)
 The opportunity to know what goods and services people need and to be able
to deliver them at the right time, in the right place, at the right price for the
right people.

Although each of these definition views entrepreneurship from a slightly

different perspective, they all contain the following Common Elements:
(Aduana, 2019, 4)

 Innovation – The process of bringing to an organization new concepts,

technologies, or methods. This may mean creating a new service, system, or
process, or improving existing ones.
 Opportunity Seeking and Exploitation - The ongoing process of considering,
evaluating, and pursuing market-based activities that are believed to be
advantageous for the firm. Example: Lend money, good location.
 Resource mobilizing - refers to all activities involved in securing new and
additional resources for your organization. It also involves making better use of
existing resources and maximizing them. Resource mobilization is often referred
to as 'New Business Development’. Example: investment
 Encountering risk and uncertainties – Entrepreneurs live with uncertainty
and risk. They have no choice. The future depends on them. They are
responsible for their success and failures and never endures success.
Entrepreneurs Example: required hiring more must also learn to manage the
pressure and uncertainty of having to assume responsibility for their business
 and their employees, purchasing more equipment, investing more money, and
decision-making.
 Economic and personal rewards – Example: Money, Benefits, and Perks

 The origins of entrepreneurship can be traced to

capitalism, which is an economic, political, and social
system that has origins in the desire of private citizens
to produce goods and services that the public needs.
The main characteristics of capitalism is the right to
Figure: 3 https://www.google.com own private property,
which can include lands, buildings,
knowledge, patents, know-how, processes, and whatever assets that are
used in creating profit.
 The writers of entrepreneurship, Hirsch, Peter, and Shepherd regard Marco
Polo as an early entrepreneur looking for new routes of transport, and with
the aid of capital-providing financiers, arranged journey leading to the
procurement and selling of goods using the newly developed routes.
 Over the years, many ideas on entrepreneurship have evolved, such as the
crucial role of innovation and the importance of recognizing and exploiting
opportunities.

 In the Philippines,
entrepreneurship is seen as necessary
to empower the poor; boost
development, and stimulate
innovation. Philippine Constitution of
1987 recognizes entrepreneurship as a
driving force for economic growth.

o The Philippine
Development Plan (PDP) further
reinforces the thrust on entrepreneurship through trade and
Figure: 4 https://www.google.com/
investment to achieve the government’s goal of
economic development and job creation. Based
on the plan, measures for macro-economic
 stability, employment, trade and investment, agribusiness, power-
sector reforms, infrastructure, competition, science and
technology, and anti-corruption are being pursued to strengthen
the Philippines’s

 Former President Gloria Arroyo issued E.O. 470 in 2005 establishing the
Youth Entrepreneurship Program as a response to the global call for
young people to become involved in economic development and nation-
building.
Figure: 5 https://www.google.com/

 Mr. Joey Concepcion is one of the Go Negosyo

founder, a national organization that encourages
entrepreneurship. He also organizes YES (Young Entrepreneurs
Seminars) featuring business tips, advice, and opportunities for

Figure 6f:acebook.com young people who want to pursue entrepreneurship.

 According to Philippines Statistics Authority around 915,726 businesses

enterprise existed in the Philippines in 2016. Of these, 99.57% (911,758)
are classified as micro, small, and medium-sized enterprises (MSME’s).

ACTIVITIES

Activity 1: Name It!

Directions: Fill out the table below by listing down 5 small businesses
operating in your community. What are the goods and services these businesses
offer? Take note that businesses seem to be attracting many customers. If you were
also a customer who buys from these businesses, reflect on what makes you buy
from them.

Business Name Goods Services Reasons why

Offered Offered customers buy from
them
1.
2.
3.
4.
5.

Activity 2: Interview.
 Directions: Ask at least three (3) members of your family who are customers
of some businesses in your community and ask them why they regularly buy their
products or services regularly.

Name of a family Business name Reasons why they regularly

member buy from them
1.

2.

3.

Activity 3: Data Completion.

Directions: Fill up the necessary information to complete the history of

entrepreneurship.

Capitalism Marco Polo Entrepreneurship

__________________ evolved
__________________ __________________
__________________ __________________
__________________

Philippine Reinforces the thrust

Constitution of 1987 on entrepreneurship
through trade and
Issued E.O. 470
______________________ ___________________________
_________________________ investment ______________________________
___________________________
_________________________
______________________________

WRAP-UP

My Resolve!
Directions: In not less than five (5) sentences, write your takeaways
from the lesson discussed that you think would be important for you to
remember three years from now.
 ________________________________________________________________________
________________________________________________________________________
________________________________________________________________________
________________________________________________________________________
________________________________________________________________________

VALUING

I Relate!

Directions: Using the information from the business that you answer in your
activity, write at least three specific examples of societal and economic benefits to
your community resulting from the operation of that business. Besides, how could
you benefit?

Self-Benefits Societal benefits Economic Benefits

1.

2.

3.

POSTTEST

Directions: Write TRUE if the statement is correct. Otherwise, write False

and state your reason briefly.

1. The Roots of Entrepreneurship can be traced to capitalism. ____________________

2. Having an entrepreneurship degree will assure a person that his/her business
endeavor will be successful. ______________________
3. In 1987 constitution, Entrepreneurship recognized as engine to economic
growth.
________________________
4. Marco Polo is considered as one of the early entrepreneurs. __________________
5. Entrepreneurship originates from the Greek word entreprende, which means to
undertake a business. _________________.

KEY TO CORRECTION
5. B
5. Entrepreneur
4. C
4. True
3. C
3. True
2. A
2. False
1. D
1. True
PRETEST
POST TEST

ACTIVITY 3:
1. Origin of entrepreneurship
2. early entrepreneur
3. many ideas
4. recognizes entrepreneurship as driving force for economic growth.
5. Philippine Development Plan
6. President Gloria Arroyo

References
BOOK

Aduana,Nick L. 2016. Entrepreneurship in Philippine Setting for SHS. Quezon

City: C&E publishing Inc.

Divina, Edralin M. 2019. Entrepreneurship. Quezon City:

Vibal Group, Inc.

DIWA Senior High School Series. 2019. Entrepreneurship (Second Edition).

Makati City: Diwa Learning Systems Inc.,
 Macatangay, Leah A. 2015. Entrepreneurship Senior High School. Makati
City:
SalesianaBooks by Don Bosco Press,Inc,

Photos were taken:

https://www.google.com/search?q=sari+sari+store&rlz=1C1EKKP_en
PH816PH817&sxsrf=ALeKk01yxS7J5xiLbZug6POdzzjjxRCZKw:15925
73993208&tbm=isch&source=iu&ictx=1&fir=uqkpaPSjNlVQNM%253A
%252CtJk9BzZYLhSQ0M%252C_&ve (6/18/2020)

http://www.thenextsiliconvalley.com/2015/01/10/the-
entrepreneurship-debate-moves-beyond-the-numbers-its-now-about-
making-them-count/#.XuNkCEURdPY (6/18/2020)

https://www.google.com/search?q=clipart+starting+a+business&rlz=
1C1EKKP_enPH816PH817&sxsrf=ALeKk00AIJ21VOq05gSXpPmigTbrz
ODC2Q:1592224231841&source (6/18/2020)

https://www.google.com/search?q=entrepreneur+clipart&rlz=1C1EK
KP_enPH816PH817&sxsrf=ALeKk03bK3_yLxOqoueE5HOMSXkx_ES
(6/18/2020)

https://www.google.com/search?q=starting+business+clipart&rlz=1C1EKK
(6/18/2020)

https://www.google.com/search?q=glorian+arroyo&rlz=1C1EKKP_enPH816PH817&s
xsrf=ALeKk00OjhDZt7R0_frf0tcHzcUV3z3pkg:1593683942848&source=lnms&tbm=is
ch&sa=X&ved=2ahUKEwjFvLCqp67qAhWPBogKHSxbAtkQ_AUoAXoECB8QAw&biw=1
536&bih=754#imgrc=_etVJ6CZ_k_3GM (07/02/2020)

https://www.google.com/search?q=joey+concepcion&tbm=isch&ved=2ahUKEwi3w
Z2tp67qAhUKUJQKHThEAn8Q2-cCegQIABAA&oq=joey+concepcion&gs_lcp
(07/02/2020)