Scribd
Upload
127 views6 pages

Entrep Module 1 For Student

The document discusses the meaning and importance of entrepreneurship and entrepreneur. It provides definitions of entrepreneurship and the characteristics and roles of entrepreneurs. It also discusses the relevance of entrepreneurship education for senior high school students and provides examples of successful local entrepreneurs.

Uploaded by

tkrsjss
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
127 views6 pages

Entrep Module 1 For Student

The document discusses the meaning and importance of entrepreneurship and entrepreneur. It provides definitions of entrepreneurship and the characteristics and roles of entrepreneurs. It also discusses the relevance of entrepreneurship education for senior high school students and provides examples of successful local entrepreneurs.

Uploaded by

tkrsjss
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 6

Entrepreneurship Module 1

Task 1

Direction: Write TRUE if the statement is correct and write FALSE if the statement is
incorrect. Write your answers on your notebook.

1. Business plays an important role in economy.


2. Lifestyles of society depend on the status of economy.
3. Selling is not a form entrepreneurship.
4. Entrepreneur is the owner of the business.
5. Problems of economy are nature as natural.
______6. Entrepreneurship is relevant to your education.
7. Entrepreneurs must have characteristics of winning all games in the
market place.
8. People will always be happy if we all have greatness in the world.
9. Entrepreneurship is complex.
10. Small and medium enterprises are not under
entrepreneurial world.
Task 2

Direction: Analyze the picture. Answer the questions below on your


notebook.

1. What does the picture suggest?

2. Is there safety observed by the consumers?

3. What business do you think of engaging during this time of COVID pandemic?
Mention at least 3.

i
Task 3
Direction: Match column A with column B. Write the term referred to on your
notebook.
A B

1. It involves developing new products or


improving existing technologies, processes, A. Livelihood
designs and marketing to solve problems,
increase efficiency, reach new
customers, and ultimately increase profits.

2. Involves sale or lease of any product, B. Entrepreneurship


service, equipment, etc. that will enable the
purchaser-licensee to begin a business.
3. Refers to the act of creating a business or C. Social change
businesses while building and scaling it to
generate a profit.

4. Refers to their "means of securing the D. Socio-economic


basic necessities (food, water, shelter and
clothing) of life".
5. The system of production, distribution E. Business opportunity
and consumption.
The overall measure of a currency system; as
the national economy.
6.Is a person who sets up a business with the F. Business venture
aim to make a profit.
7.Refers to any significant alteration over G. Relevance
time in behavior patterns and cultural
values and norms.
8.Related to the differences between groups H. Business innovation
of people caused mainly by their financial
situation.
9. It is a new business that is formed with a I. entrepreneur
plan and expectation that financial gain will
follow. It is usually
formed out of a need for a service or
product that is lacking in the market.
10. It is simply the noun form of the adjective J. Economy
"relevant," which means "important to the
matter at hand."

ii
Meaning of Entrepreneurship and Entrepreneur
(www.investopedia.com,www.reference.com ,www.europeanentrepreneurship.com)

Entrepreneurship
This is an act of creating a business or businesses while building and scaling it to generate
a profit. It is 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. It is about building a life on your own terms. No bosses! No
restricting schedules! And no one holds you back! (Batalla 2011).

An entrepreneur is…
A person who sets up a business with the aim of making a profit and creating 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 (Batalla 2011).

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 is simply one who forms and manages business that
is apparent in government programs. It attempts 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 businesses 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).

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.

1
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 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 a socially 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 own ventures.

Task 4

Direction: In your notebook, accomplish the table by identifying at least 3 successful


entrepreneurs in your locality. Indicate what they are selling in the market. Write 2-3
sentences to describe how they succeed in the business.

Successful Product they are Selling What made them succeed in


Entrepreneurs their business

2
Task 5

Set A. Multiple Choice: Read and answer each statement carefully then write the letter of
the best answer on your notebook.

1. Who acts as a coordinating agent in a capitalist economy?


A. Manager C. Entrepreneur
B. Finance Officer D. Broker
2. Which of the following is not a definition of Entrepreneurship?
A. It creates opportunities, ensures social justice, instills confidence and
stimulates the economy.
B. It is an important part of the economic growth strategies of many local and
national governments around the world.
C. It refers to a person who sets up a business with the aim of making a profit.
D. The act of creating a business or businesses while building and scaling it to
generate a profit.
3. Which of the following has relevance of Entrepreneurship to SHS Grade 12 students?
A. It generates new wealth in an economy.
B. It aids students from all socioeconomic backgrounds to think outside the
box.
C. It creates opportunities and ensures social justice.
D. It creates job.
4. Which statement is not correct about the status of entrepreneurship in the
Philippines?
A. The number of business establishments formed every year would generally
show an increasing trend.
B. Entrepreneurs are people who can secure resources such as technology and
information to gain distinct, sustainable, competitive advantages.
C. In 2005, the top 50 Philippine corporations in terms of sales could be broken
down into 25 private domestic firms, 20 foreign firms, and 5 government-owned
and/or controlled corporations.
D. The 22 companies could be identified with 11 families and individuals,
mostly Filipinos of Chinese ethnic background.
5. Which of the following words is not associated with entrepreneur?
A. Innovative C. Collaborative
B. Impulsive D. Creative
6. What is the most common reason given to people who choose to become
entrepreneurs?
A. To make a lot of money.
B. To escape the long hours associated with corporate jobs.
C. To be their own boss.
D. To be able to retire early.
7. All of the following are characteristics shared by successful entrepreneur
EXCEPT:
A. Passion C. Risk averse
B. Product/customer focus. D. Tenacity despite failures
8. Which of the following is NOT a common myth about entrepreneurs?
A. Everyone has the potential to be an entrepreneur.
B. Entrepreneurs are born, not made.
C. Entrepreneurs are gamblers.
D. Entrepreneurs love the spotlight.
9. Influence on innovation and job creation best typifies entrepreneurial firms .
A. Impact on society C. Economic impact
B. Impact on larger business D. Impact on the Government

Set B. In your notebook, copy and write √ if the statement is true and write × if the statement
is false, write it on the space provided.

10. Entreprenenur and inventor mean essentially the same thing.


True False

11. Entreprenenurial businesses include retailing, such as clothing and furniture


stores, but do not include service businesses.
True False

12. Entrepreneurship only pertains to starting new business, not existing firms.
True False

13. The average entrepreneur does NOT make more money than someone with a similar
amount of responsibility in a traditional job.
True False

14. The number one characteristic shared by successful entrepreneurs is creativity.


True False

15. After winning a medal for diving in olympics, Cheryl starts a diving instruction
school. This is an example of a lifestyle firm.
16.
True False

You might also like