GRADE
ENTREPRENEURSHIP
MODULE 1
RELEVANCE, KEY CONCEPTS AND COMMON COMPETENCIES OF ENTREPRENEURSHIP
1
Quarter 1 – Module 1
1
Relevance, Key
Concepts
and Common
Competencies
of Entrepreneurship
(Student’s Full Name)
(Strand and Section)
MODULE 1
RELEVANCE, KEY CONCEPTS AND COMMON COMPETENCIES OF ENTREPRENEURSHIP
INTRODUCTORY MESSAGE
Welcome Dear Marians to School Year 2024-2025!
TO OUR BELOVED LEARNER: Adhering with the regulations of the ‘New
Normal’, St. Mary’s College of Tagum, Inc.
Praised be Jesus and Mary! – Senior High School, has opted to choose
Now and Forever… distance learning with two resources:
Online and Offline. This module is your
We welcome you to your Learning Modules offline resource for this school year.
1-2 for the first quarter of the academic
year, 2021-2022. In light of the changes This module hopes to engage you in
that we have adopted due to these trying learning independently at your own pace
times, we are beyond grateful that you and your own time. Furthermore, this also
chose to stay here with us! aims to help you acquire the needed 21 st-
century skills while taking into
These modules were written, designed, consideration your needs and
developed, and reviewed collaboratively by circumstances – especially in this time of
your senior high school teachers and the pandemic.
coordinators - of which the materials were
derived from both public and private We hope that you will be enabled to
educational institutions. This is to ensure process the contents of the learning
resource while being an active learner. We
WHAT’S INSIDE?
that the quality of the learning content is in
par with the competencies you need to pray that you will face adversities head-on
complete the subject. through the Transformative Ignacian-
Marian Education we will provide at your
This givesfingertips.
you an idea of the skills or competencies you
MODULE 1
RELEVANCE, KEY CONCEPTS AND COMMON COMPETENCIES OF ENTREPRENEURSHIP
Learning Targets are expected to learn in the module.
This activity acts as a motivation for your incoming
Initial Task lesson at hand. If you have garnered a favorable score
(through the teacher’s evaluation), decide to skip this
part of the module.
Unlocking This portion contains the key words of the lessons with
Difficulties the designated definitions in context of the subject
matter.
Activating Prior This is an activity or a thought-provoking question to
Knowledge verify your previous knowledge of the lesson.
Lecturette This section provides a brief discussion of the lesson.
This aims to help you discover and understand new
concepts and skills.
Assessment This comprises activities for independent practice to
solidify your understanding and skills of the topic.
Lesson Reflection This includes questions to be filled for you to process
what you learned from the lesson.
Final Task This section provides an activity which will help you
transfer your new knowledge or skill into real life
situations or concerns.
*Descriptions and Icons are derived from the Alternative Delivery Mode Material from the Department of Education
Your Gentle Reminders:
Use the module with care. Do not put unnecessary mark/s on any part of the module.
Use a separate sheet of paper in answering the exercises – however, this is optional.
Read the instruction carefully before doing each task.
MOST ESSENTIAL LEARNING COMPETENCY:
Observe honesty and integrity in doing the tasks.
Discuss the relevance of the course
Finish the task at hand before proceeding to the next.
Return this module to your teacher/facilitator once you are through with it.
Do you know that everything that you see around you is related to business? Have you ever
realized that all establishments that you can see are businesses? Anyone can be involved in business,
even a student like you. You may become an entrepreneur. Read and study the lesson and submerge
MODULE 1
RELEVANCE, KEY CONCEPTS AND COMMON COMPETENCIES OF ENTREPRENEURSHIP
yourself as you gain an interest in the world of business. Be a good entrepreneur, who fears God above all
by providing quality services to his people.
LEARNING TARGETS:
At the end of the day, you will be able to:
demonstrates understanding of key concepts, underlying principles, and core
competencies in Entrepreneurship.
INITIAL TASK: TIME TO EXPLORE!
Open your eyes and observe the environment around you. After that, organize your
thoughts properly and answer the following questions.
1. What are the establishments that you could find around your house? List down at least five
establishments.
2. Do any of these establishments that you have listed earned profit? Explain briefly how?
3. What do you think are the abilities/ skills that the owner possesses in order for him/ her to
make his/ her business successful?
MODULE 1
RELEVANCE, KEY CONCEPTS AND COMMON COMPETENCIES OF ENTREPRENEURSHIP
UNLOCKING DIFFICULTIES:
The following are the key words and challenging terms used in this module:
Entrepreneur – the one who organizes, manages, and assumes the risks of a business or franchise
Entrepreneurship - economic activity that a person starts, manages, and assumes the risk of a
business
Businessman – a man who transacts business
Competencies – possession of sufficient knowledge or skill
Self-efficacy – people’s belief about their capabilities to produce designated levels of performance
influence over events that affect their lives (Albert Badura)
Optimism – an inclination to put the most favorable construction upon actions and events or
anticipate the best possible outcome
QUESTION 1:
Why do we need to study Entrepreneurship?
RELEVANCE OF STUDYING ENTREPRENEURSHIP
ENTREPRENEURSHIP: OVERVIEW AND CONCEPTS
The Entrepreneur and Entrepreneurship
MODULE 1
RELEVANCE, KEY CONCEPTS AND COMMON COMPETENCIES OF ENTREPRENEURSHIP
An entrepreneur is the one who undertakes entrepreneurial activities, and who creates unique
ideas that will be effective for starting a business. He/she is also the one who identifies the needs of his/her
expected clients, offering a business solution, assembles the resources needed, and assumes all the risks
of succeeding or failing. Hence, this economic activity that a person starts, manages, and assumes the risk
of a business refers to entrepreneurship. It is a process of converting processed ideas into an exciting
business endeavor.
WHY STUDY ENTREPRENEURSHIP?
The following will be our benefits in studying entrepreneurship:
It will boost your entrepreneurial interest
It helps you to discover your potential in the field of business
It develops your higher order thinking skills upon creating unique and attainable plan
You will be able to come up with a comprehensive business plan
HOW WILL THIS SUBJECT BENEFECIAL FOR YOU?
This subject aims to:
develop your skills in starting a business;
improve your knowledge on how to effectively operate and manage a business;
motivate you to become an employer rather than an employee;
make you creative enough and gain profit from it; and
change your personal character and career attitudes.
Discuss the key concepts and common competencies
of entrepreneurship.
ENTREPRENEURSHIP: KEY CONCEPTS AND COMPETENCIES
HOW IMPORTANT IT IS TO HAVE A GOOD BACKGROUND IN ENTREPRENEURSHIP?
The following are the significance of studying Entrepreneurship:
Entrepreneurship plays as a key economic driver. It leads on wealth creation through the micro
businesses started by those entrepreneurial-minded individuals. Also, it opens opportunities for
many people.
Entrepreneurship is considered to be a lifelong process. Thus, it helps to increase person’s
level of knowledge and competence for them to improve their quality of life.
Entrepreneurship helps you as a student to think of an alternative career path at any time of
your life.
MODULE 1
RELEVANCE, KEY CONCEPTS AND COMMON COMPETENCIES OF ENTREPRENEURSHIP
Points to consider:
Businessman and entrepreneur have differences in terms of idea generation. A businessman
begins with an existing idea or concept of business while an entrepreneur starts a business from
his/her own unique idea or concept.
References:
Amit_selp.”Entrepreneurial Competencies.” Docuri. Acessed July 18, 2020.
https://docuri.com/download/entrepreneurialcompetencies_59ae47b2f581710a6200ff25_pdf#modal
s.
Dollingner, Marc. Entrepreneurship: Strategies and Resources 3rd Edition. New jersey: Printice Hall, 2003.
Medina, R. (2014). Entrepreneurship and Small Business Management 3rd Edition. Manila: Rex Book Store
2014.
Seth, Shobbit. “Characteristics of Successful Entrepreneurs.” Investopedia. Accessed July 18, 2020.
https://www.investopedia.com/article/personal-finance/101014/10-characteristics-successful-
entrepreneurs.asp.
“10 Bible Verses Every Entrepreneur Needs to Read.” Good Financial Cents. Accessed July 18, 2020
https://goodfinancialcents.com/bilble-verses-about-business-entrepreneurship/
Prepared by:
RANDY M. LUBIANO
Subject Teacher
