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Module 1

This document provides an overview of entrepreneurship and its relevance to senior high school students. It defines entrepreneurship as the act of creating a business to generate profit, and an entrepreneur as someone who takes the risks to start a new business. Entrepreneurship is an important driver of economic growth and introduces new products and services. For senior high school students, entrepreneurship education helps develop skills like critical thinking, decision making, and prepares students for livelihood. There are different types of entrepreneurs like technopreneurs, social entrepreneurs, intrapreneurs, and extrapreneurs.

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Carrie Lhee Boado
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119 views15 pages

Module 1

This document provides an overview of entrepreneurship and its relevance to senior high school students. It defines entrepreneurship as the act of creating a business to generate profit, and an entrepreneur as someone who takes the risks to start a new business. Entrepreneurship is an important driver of economic growth and introduces new products and services. For senior high school students, entrepreneurship education helps develop skills like critical thinking, decision making, and prepares students for livelihood. There are different types of entrepreneurs like technopreneurs, social entrepreneurs, intrapreneurs, and extrapreneurs.

Uploaded by

Carrie Lhee Boado
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PPTX, PDF, TXT or read online on Scribd
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MODULE 1:

OVERVIEW OF ENTREPRENEURS AND ITS


RELEVANCE TO SENIOR HIGH SCHOOL STUDENT
LESSON OBJECTIVES:
Increase your knowledge about entrepreneurship
Determine the relevance of entrepreneurship to
your everyday life and to the society as whole,
Diagnostic Assessment: Identify the statement whether
entrepreneurship or entrepreneur.
1. A person who undertake the risks of starting a new business venture.
2. It is a 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.
Differentiate entrepreneurship
and entrepreneur?
Entrepreneurship- is one of the resources economies
categorize as integral to production; the three resources
are land/ natural resources, labor and capital.

Entrepreneur- combines this 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.
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.
Playing a key role in any economy, using the skills and
initiative necessary to anticipate needs and bring good new
ideas to market.
Here are the societal and economic benefits of
entrepreneurship.
• Entrepreneurship produces more jobs that equate to an
increase in national income.
• Entrepreneurship amplifies economic activities of different
sectors of society.
• Entrepreneurship introduces new and innovative products and
services.
• Entrepreneurship improves people’s living standards
• Entrepreneurship disperses the economic power and creates
equality.
• Entrepreneurship controls the local wealth and balances
regional development
• Entrepreneurship reduces social conflicts and political unrest.
Imagine if there are no or only few sari-sari or supermarket in
your area.
• Entrepreneurship elicits economic independence and capital.
Relevance of Entrepreneurship to SHS Students
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.
Five Levels of Entrepreneurial Development
• The self –employed. Self employed person are, simply
put, not comfortable with the routines of a desk job.
• The manager. In this level, entrepreneurs feel the
need to step up and ask some help from the people
around them. They delegate and hire some potential
employees to do the work.
• The leader. Entrepreneurs in this level already enjoy seeing their
people flourish, stepping up and producing great results with
minimal supervision.
• The investors. . Investors look for more opportunities for their
business to grow. They may either purchase one or two business
that can potentially add value to the company, or sell their
established business (as a franchise) to potential entrepreneurs.
• The true entrepreneurs. True entrepreneurs, based on their
experience, now aim for quality and excellence in their work.
Four types of Entrepreneurship
• A technopreneur is entrepreneur who puts technology at
the core of his or her business model.
• A social entrepreneur is one who takes advantage of the
country’s social problems and turn them to profitable
institutions with the intention of helping the disadvantage
community rather than making a profit.
• An intrapreneur is an entrepreneur in a large company or corporation who is
tasked to think, establish, and run a new big idea or project. Intrapreneur are
usually the product managers or the business development managers of a
company.
• An extrapreneur is an entrepreneur who hops from one company to another
to act as the innovation champion, providing creative and efficient solutions.

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