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Introduction to Entrepreneurship
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What’s In
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Before we will proceed to our lesson, Can you tell me what comes into your
mind when you hear the word Entrepreneur? Write it one fourth sheet of paper and
give it to your teacher. (All answers will be accepted)
What’s New
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Activity 1 Let Me Know
Give at least five (5) names of entrepreneurs that you know. May it be from
your locality or within Philippines. Identify what are their common traits as
entrepreneur. Write it in one half cross wise and submit it to your teacher.
What is it?
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Competencies of Entrepreneurs
What characteristics that you can observe or see that is common to them?
Who among the entrepreneurs you mentioned that you admire most and why?
In your own opinion, what do you need to possess to become a successful
entrepreneur?
RUBRIC FOR ESSAY
Content The content was well-thought ,guide 4
questions were thoroughly answered
Organization The paper was well-written with ideas 3
easily conveyed to readers.
Development Points are thoroughly developed
TOTAL 10
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 generate new ideas to
make it unique and profitable solutions to the present-day problems.
Factors Affecting Entrepreneurship
1. Personality Factors which includes:
a. Initi
itive- which means doing things even before being told
b. Proactive-which means he can classify opportunities and seize it.
c. Problem Solver- which means he can retain good relations with other
people
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 others
What’s More
Activity 2 Self- Assessment
Direction: Find out if you have the qualities of an entrepreneur. Put a check mark on
the box.
Qualities YES NO
Risk Taker
Communicator
Leader
Opportunity Seeker
Proactive
Innovator
Decisive
Interpretation: If you have more YES than NO, you have the qualities of an
entrepreneur.
Generalization
are people who take the risk, they are innovators and
contributors to the development of the
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QO)
A
Activity 3 Interview the Known
1
What I Can Do
Choose three successful entrepreneurs in your community or nearby places
and conduct an interview using the guide questions below. Discuss the result of your
interview to your teacher.
1. What motivated you to become an entrepreneur?
2. What do you think are your characteristics and competencies that made
you a successful entrepreneur
3. What do you think of being employed? Why didn’t you choose that path?
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
b. Risk taking
c. Conduct research
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
b. Weather condition
c. climate
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
11. Which is NOT a career for an entrepreneur?
a. Business consultant c. Research and Development
b. Sales d. Domestic Helper
