Unit 1: Understanding the Concept of Entrepreneurship
Lesson 1
Entrepreneurship: Overview
and Concepts
Entrepreneurship
Senior High School Applied - Academic
What is
Entrepreneurship?
Do you want to be an
entrepreneur?
ENGAG EXPLO EXPLAI EXTEN EVALUA 2
Learning
Objective Explain the key concepts of
common competencies in
At the end of the
lesson, you
entrepreneurship.
should be able to
do the following:
ENGAG EXPLO EXPLAI EXTEN EVALUA 33
Who are the
entrepreneurs around
you?
ENGAG EXPLO EXPLAI EXTEN EVALUA 4
Can you name
some of the
most
successful
entrepreneurs
in the
country?
ENGAG EXPLO EXPLAI EXTEN EVALUA 5
Entrepreneur
An entrepreneur is a
person who creates
unique ideas that will
be useful for starting a
business.
ENGAG EXPLO EXPLAI EXTEN EVALUA 6
Entrepreneurship
the science of
converting processed
ideas into a
remarkable business
venture
ENGAG EXPLO EXPLAI EXTEN EVALUA 7
Why study
Entrepreneurship?
ENGAG EXPLO EXPLAI EXTEN EVALUA 8
Usefulness of the Course to the
Students
1. It develops skills that will be needed in
starting up a business.
2. It enhances knowledge on how to
operate business.
3. It demonstrates how to manage a
business.
4. Learners consider becoming an employer
rather than an employee.
ENGAG EXPLO EXPLAI EXTEN EVALUA 9
Usefulness of the Course to the
Students
5. Learners change their attitude towards
the course as a means of living.
6. Learners change in personal and career
attitudes such as communication,
problem-solving, collaboration,
motivation, creativity, and teamwork.
ENGAG EXPLO EXPLAI EXTEN EVALUA 10
Importance of Entrepreneurship
Education
1.key economic driver
2.increase the level of knowledge,
competence and improve the
quality of life
3.alternative career path
ENGAG EXPLO EXPLAI EXTEN EVALUA 11
Can you think of other
importance of Entrepreneurship
Education aside from those
already mentioned?
12
Entrepreneurship Common
Competencies
Competencies are
considered as the
capability, capacity and
ability of the learner in
handling situations in
various areas in business
operations such as in
marketing, management,
production, and finance.
ENGAG EXPLO EXPLAI EXTEN EVALUA 13
What are the common
entrepreneurial
competencies?
ENGAG EXPLO EXPLAI EXTEN EVALUA 14
Entrepreneurship Common
Competencies
1. Specific Goal Setting
2. Self-Efficacy
3. Need for Achievement
4. Ambition
5. Willingness to Learn
6. Adaptability and Flexibility
7. Willingness to Take Risk
8. Interpersonal Skills
ENGAG EXPLO EXPLAI EXTEN EVALUA 15
15
Competencies For Entrepreneurial
Success
Competency Example
Integrity An entrepreneur
knows what is good
and right. Do what is
best for everyone
and do not act
without thinking.
ENGAG EXPLO EXPLAI EXTEN EVALUA 16
16
Competencies For Entrepreneurial
Success
Competency Example
Conceptual Review outcome
projects in order to
Thinking
understand where
problems occurred.
Check the impact of the
proposed solution to
both customers and
ENGAG EXPLO EXPLAI EXTEN EVALUA
employees. 17
17
Competencies For Entrepreneurial
Success
Competency Example
Strategic An entrepreneur finds
ways to do things
Thinking
faster or at less
costs.
ENGAG EXPLO EXPLAI EXTEN EVALUA 18
18
Competencies For Entrepreneurial
Success
Competency Example
Decisiveness An entrepreneur
switches to an
alternative strategy
to reach a goal. It
generates new ideas
and innovative
solutions.
ENGAG EXPLO EXPLAI EXTEN EVALUA 19
19
Competencies For Entrepreneurial
Success
Competency Example
Customer A good entrepreneur
knows what his or
Relations
her customer needs
Service in order to satisfy
them and have a long
term relationship.
ENGAG EXPLO EXPLAI EXTEN EVALUA 20
20
Competencies For Entrepreneurial
Success
Other
Competencies
Risk-taking
Collaboration
Commercial
Aptitude
Optimism
ENGAG EXPLO
People-centered
EXPLAI EXTEN EVALUA 21
21
Tip
The common competencies are
the skills you need in starting a
business. On the other hand, the
10 competencies discussed are
the skills that you need to be a
successful entrepreneur.
22
Individual Activity
Do you have what it takes to be an
entrepreneur?
Answer the questionnaire in the Extend
part of the study guide.
ENGAG EXPLO EXPLAI EXTEN EVALUA 23
Questions
Part A.
1. What are the qualities that you possess as an
entrepreneurship student? Give at least 5
qualities and explain each.
2. Among those qualities, rank them with 1 as the
highest and 5 as the weakest quality.
3. What are the benefits of studying
entrepreneurship
ENGAG EXPLO to students?
EXPLAI EXTEN EVALUA 24
Questions
4. What entrepreneurial competencies do
you need to have to become a successful
entrepreneur?
5. What is the difference between a
businessman and an entrepreneur?
ENGAG EXPLO EXPLAI EXTEN EVALUA 25
Questions
Part B.
1. You saw your classmate who was inside the faculty
room alone using your teacher’s computer. Your
teacher never allows anyone to be in the faculty
room unattended. Your classmate looked up, saw you
and knew you saw him. A few days later, it was found
out that confidential files have been lost and
everyone is being questioned. Should you reveal
what you saw? Which is a better example of integrity:
being honest or being loyal to a friend?
ENGAG EXPLO EXPLAI EXTEN EVALUA 26
Questions
2. A sales staff is having difficulty assisting a foreign
customer because he cannot speak English fluently. It
was seen by the manager. What should the manager
do?
3. All finance staff have a meeting with suppliers at
9:00 in the morning. Because of an accident on the
road, it causes traffic and it is the reason why you
came late. If you were the staff, what competency of
entrepreneur you should have in order to conquer the
scenario?
ENGAG EXPLO EXPLAI EXTEN EVALUA 27
Wrap Up
An entrepreneur is a person who creates
unique ideas that will be useful for starting a
business.
Entrepreneurship is the science of
converting processed ideas into a
remarkable business venture.
28
Wrap Up
A businessman starts the business with an
existing idea or concept, while an
entrepreneur starts the business from his
own idea or concept.
29
Wrap Up
30
Amit_selp. “Entrepreneurial Competencies.” Docuri. Accessed March Bibliography
3,
2020.
https://docuri.com/download/entrepreneurial-competencies_59
ae47b2f581710a6200ff25_pdf#modals.
Dollingner, Marc. Entrepreneurship: Strategies and Resources 3rd
Edition.
New Jersey: Prentice Hall, 2003.
Kotler, Philip & Gordon McDougall. Marketing Essentials. Prentice-Hall
Canada Inc., 1985.
Peters, Michael & Robert Hisrich. Entrepreneurship 4th Edition.
McGraw-Hill
Book Co., 1999.
Seth, Shobhit. “ 5 Characteristics of Successful Entrepreneurs.”
Investopedia. Accessed March 3, 2020.
https://www.investopedia.com/articles/personal-finance/101014/
10-characteristics-successful-entrepreneurs.asp
.
31
Unit 1: Understanding the Concept of Entrepreneurship
Lesson 2
Relevance and Opportunities
in Entrepreneurship
Entrepreneurship
Senior High School Applied - Academic
Job Opportunities
Entrepreneurship can
help the economy by
providing jobs and
employment
opportunities to
Filipinos.
ENGAG EXPLO EXPLAI EXTEN EVALUA 33
What are the job opportunities
where you can gain
entrepreneurial skills?
34
Job Opportunities
There are different
career paths that
will gain knowledge
and experience for
you as a young
entrepreneur.
ENGAG EXPLO EXPLAI EXTEN EVALUA 35
Job Opportunities
Advertising,
Marketing, and Public
Relations
ENGAG EXPLO EXPLAI EXTEN EVALUA 36
Job Opportunities
Business
Development
ENGAG EXPLO EXPLAI EXTEN EVALUA 37
Job Opportunities
Design
ENGAG EXPLO EXPLAI EXTEN EVALUA 38
Job Opportunities
E-commerce and
Social Media
ENGAG EXPLO EXPLAI EXTEN EVALUA 39
Job Opportunities
Management
ENGAG EXPLO EXPLAI EXTEN EVALUA 40
Job Opportunities
Software, Web or App
Developer
ENGAG EXPLO EXPLAI EXTEN EVALUA 41
Job Opportunities
Sales Manager/
Account Executive
Business Consultant
Product Manager
ENGAG EXPLO EXPLAI EXTEN EVALUA 42
Tip
The job that best fits you will
help you gain experience in the
career, field, or industry where
you want to launch your own
business.
43
