K-12 Basic Education Curriculum

Senior High School-Applied Track

ENTREPRENEURSHIP
Draw a picture of an animal with
a tangible material that would
best describe you and your
interest.
SHOULD YOU BE YOUR OWN BOSS?

“I’m so tired of someone telling me what to do all the time,” Delia

said to her friend Gloria. “I know what you mean, “Gloria
answered, “Because I get the same thing.”. “It seems like there
should be some way we could be in charge,” Delia said. “I’ve got
this idea,” Gloria responded. ”Let’s be entrepreneurs. Mrs. Rivera
talked about them in my business class last week. They are people
who start and run their own business. We could do that!”
“What would we have to do? Would we make a lot of money?
Would it be fun? Would we get to do whatever we wanted?
Delia’s mind was overflowing with questions. Gloria was getting
very excited as she replied. “We could be our own bosses! If we
were the owners, we would be in charge” We’d get to make all
the decisions! “This is starting to sound pretty good,” Delia replied
as she began to share Gloria’s excitement.” We could decide
when we work, what we do, and how we do it. And we can
make lots of money! I can’t wait. When do we start?
 Reflect:
Many people go into business just so they can be
in charge and make lots of money. Do you think
this is the most important reason to start your
own business?
 INTRODUCTION TO ENTRPRENEURSHIP
WHAT COMES TO YOUR MIND WHEN YOU HEAR
THE ENTRPRENEURSHIP?
 ENTREPRENEURSHIP
ARE THE REASON FOR A LARGE QUANTITY OF HIGHLY
DEVELOPED INDUSTRIES WHICH RESULT TO GREATER
EMPLOYMENT OPPORTUNITIES FOR UNEMPLOYED
YOUTH, INCREASE IN PER CAPITA INCOME HIGHER
STANDARD OF LIVING AND INCREASED INDIVIDUAL
SAVING, REVENUE TO THE GOVERNMENT IN THE FORM
OF INCOME TAX, VALUE ADDED TAX, EXPORT AND
IMPORT DUTIES AND BALANCE REGIONAL DEVELOPMENT.
 Entrepreneurship?
Refers to the ability of an individual to determine an come up with
the proper combination of the resources available in his
environment and transform this into an output of either goods or
services, and obtain profit from this activity.

IDEA
 RELEVANCE OF ENTREPRENEURSHIP TO AN
ORGANIZATION
1. DEVELOPMENT OF MANAGERIAL CAPABILITIES
This is the greatest significance of entrepreneurship
that helps in identifying and developing managerial
capabilities. An entrepreneur studies a problem,
comparing cost and benefit implication and help in
sharpening the decision making skills.
 2. CREATION OF ORGANIZATIONS
Entrepreneurs assemble and coordinate physical,
human and financial resources and direct them
towards achievement of objectives through
managerial skills.
 3. IMPROVING OF STANDARD OF LIVING
Entrepreneurship helps in making a wide variety of
goods and services available to the society which
results into higher standard of living for the people.
Possession of luxury cars, computers, mobile
phones, rapid growth of shopping malls.
 4. MEANS OF ECONOMIC DEVELOPMENT
Entrepreneurship involves creation and use of
innovative ideas, maximixation of output from given
resources, and development of managerial skills.
 CONCEPT OF ENTREPRENEURSHIP
ENTREPRENEUR
• Derived from the French verb enterprendre, which
to undertake. This refers to those who
“undertake” the risk of new enterprise.
 CONCEPT OF ENTREPRENEURSHIP
ENTREPRENEURSHIP
Is a process of actions of an entrepreneur who is
always in search of something new to exploit new
ideas into gainful opportunities by accepting the risk
and uncertainty of the enterprise.
 CONCEPT OF ENTREPRENEURSHIP
ENTREPRENEUR
Are innovators, willing to take risks and generate
new ideas to create and unique potentially
profitable solutions to modern-day problems.
 FACTORS AFFECTING ENTREPRENEURSHIP
1. PERSONALITY FACTORS
A. INITIATIVE – creative, does things before being
asked.
B. PROACTIVE – identifies and utilizes
opportunities
 FACTORS AFFECTING ENTREPRENEURSHIP
1. PERSONALITY FACTORS
CORE COMPETENCIES:
A. INITIATIVE – creative, does things before being
asked.
B. PROACTIVE – identifies and utilizes
opportunities
 FACTORS AFFECTING ENTREPRENEURSHIP
c. PERSEVERANCE works against all odds to
overcome obstacles.
d. Problem-solver – develops and maintain
relationship with costumers and financers.
e. Persuasion – convinces and financiers to
patronize his business.
 FACTORS AFFECTING ENTREPRENEURSHIP
f. Self – confidence – makes decisions and sticks to
his decisions.
g. Self – critical – learns from his mistakes and from
experiences of others.
h. A Planner – collects information, prepares a plan
and monitors performance.
i. Risk – taker – is willing to take calculated risks.
2. Environmental factors
Are political climate, legal system, economic and
social conditions and market situations.
 ACTIVITY 1
QUALITIES OF ENTREPRENEURS:
A SELF - ASSESSMENT
Find out if you are the sort of person that could set
up and operate a business.
Write YES if the statement applies to you and write
NO if it doesn't.
Write your answer in your columnar book.
 ACTIVITY 1
Interpretation:

If you have more YES than NO, you have the

making of an entrepreneur.