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I. OBJECTIVES
A. Content The learner demonstrates understanding of key concepts, underlying principles, and core
Standards competencies in Entrepreneurship.
B. Performance The learner independently creates/provides a quality and marketable product and/or service in
Standard Entrepreneurship as prescribed in the TESDA Training Regulation.
C. Most Essential
Learning Discuss the relevance of the course
Competencies
(MELC) Explore job opportunities for Entrepreneurship as a career
II. CONTENT
III. LEARNING
RESOURCES
A. References
a. Teacher’s Guide
Pages
b. Learner’s
Material Pages
c. Textbook Pages
d. Additional
Materials from
Learning
Resources
B. List of Learning
Resources for
Development and Alternative Delivery Mode Entrepreneurship
Engagement Quarter 1 – Module First Edition, 2020
Activities
IV. PROCEDURES
Definition of Terms: To fully understand this module, please read carefully the definitions in
column A and match it with the word/phrase in column B. Write your answer in a yellow
paper.
Column A Column B
1. It involves developing new products or improving existing technologies, processes, designs an
marketing to solve problems, increase efficiency, reach new customers, and ultimately increase
profits. A. Livelihood
2. Involves sale or lease of any product, service, equipment, etc. that will enable the purchaser-
licensee to begin a business. B. Entrepreneurship
3. Refers to the act of creating a business or
businesses while building and scaling it to generate a profit. C. Social Change
4. Refers to their
"means of securing the basic necessities (food, water, shelter and clothing) of life".
D. Socioeconomic
5. The system of production, distribution and consumption. The overall measure of a currency
system; as the national economy. E. Business Opportunity
6. Is a person who sets up a business with the aim to make a profit. F. Business Venture
7. Refers to any significant alteration over time in behavior patterns and cultural values and
norms. G. Relevance
8. Related to the differences between groups of people caused mainly by their financial situation.
H. Business Innovation
9. It is a new business that is formed with a plan and expectation that financial gain will follow. It
is usually formed out of a need for a service or product that is lacking in the market.
I. Entrepreneur
10. It is simply the noun form of the adjective "relevant," which means "important to the matter at
hand." J. Economy
To check your prior knowledge about the topic, and to solicit the questions that you want to know
about it, fill in the Know and Want to know components of the Know-Want to know- Learned
(KWL) chart legibly. For the Know component, you may write word/s or phrase. For the want to
know component, state your responses in interrogative or question form. You may list as many
responses as you want for each component. Write your responses on a yellow paper.
KWL Chart Topic Know
Concept of Entrepreneurship
Know
Want to know
Learned
Relevance of Entrepreneurship to your everyday life
Know
Want to know
Learned
Guide Questions
1. Based on what you have written on the Know component of the chart, what do you know about
entrepreneurship and its relevance to your everyday life and to the society as a whole?
2. If you were to think of a question that you want to ask about entrepreneurship and its
relevance to your everyday life and to the society as a whole?
WHAT’S IN?
The word “entrepreneur” is derived from the French verb enterprendre, which means „to
undertake‟. This refers to those who “undertake” the risk of new enterprises. An enterprise is
created by an entrepreneur. The process of creation is called “entrepreneurship”
(www.yourarticlelibrary.com).
DIRECTIONS: After you have filled-in the K and W components of the chart and answered
the guide questions, please answer the diagnostic assessment below.
DIAGNOSTIC ASSESSMENT Identification. Read carefully the statements below and identify
whether this refers to Entrepreneurship or Entrepreneur. Write your answer in a yellow
paper.
1. A person who undertakes the risk of starting a new business venture.
2. It is 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.
WHAT IS IT?
Lesson 1
Overview of Entrepreneurship
Meaning of Entrepreneurship and Entrepreneur (www.investopedia.com, www.reference.com,
www.europeanentrepreneurship.com)
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.
Note: Understanding what an entrepreneur is can help more people recognize the value they
contribute to the world. Entrepreneurs take the idea and execute it while entrepreneurship is
about execution of ideas.
Entrepreneurship in the Philippines (Batalla, V. (2011)
The notion of the entrepreneur as simply one who forms and manages business is apparent in
government programs that attempt to develop small-scale industries. In the Philippines, many
entrepreneurial development-training programs rest on such assumptions. But even without the
presence of government support, the statistics for the past fifty years or so on the number of
business establishments formed every year would generally show an increasing trend. They
GRADE 12 __________________________________________________________________________________________
Learning Module for Senior High School Accountancy , Business and Management
9
were mostly in food processing, property development, and trade (including shopping malls).
In 2005, the top 50 Philippine corporations in terms of sales could be broken down into 22
private domestic firms, 23 foreign firms, and 5 government-owned and/or controlled
corporations (BizNews Asia 2007as cited by Batalla, V., 2011). The 22 companies could be
identified with 11 families and individuals, mostly Filipinos of Chinese ethnic background. The 11
families and individuals were the Zobel family (Ayala), the Lopez clan, Lucio Tan, Henry Sy, John
Gokongwei, Alfonso Yuchengco, Eduardo Cojuangco Jr., Jose Yao Campos (Unilab Group of
Companies), George Ty (Metrobank), Mariano Que (Mercury Drug), and Tony Tan-Caktiong
(Jollibee).
Lesson 2
Relevance of Entrepreneurship to SHS Students
Importance of Entrepreneurship (www.reference.com)
Guide Question: What appropriate product and/or business that can be conceptualized
during this COVID -19 pandemic? Write as many in bullet form in a yellow paper.
Independent Activity 2. Enumeration. Give what is asked in the items below. Write your
answer in a yellow paper.
Items Answer
1. Give the three (3) business resources
A. B. C.
2. Give three (3) importance of Entrepreneurship to the economy.
A. B. C.
3. Give three (3) relevance of Entrepreneurship to
A. B. C.
GRADE 12 __________________________________________________________________________________________
Learning Module for Senior High School Accountancy , Business and Management
the you as a student C.
4. Give three (3) known families who owned the big Corporations in the Philippines.
A. B. C.
5. Give three characteristics of an Entrepreneur.
A. B. C.
DIRECTIONS: After you have filled-in the L component on the chart, please work on the WORK IN
PROGRESS
You are tasked to conceptualize your future business plan which you can work on as we discuss
our next lessons and later you may venture into after finishing this subject.
You have to fill in the L component of the KWL chart to generalize the things you have learned
about the topic. Write your answer in a yellow paper. KWL Chart Topic Know Want to know
Learned Overview of Entrepreneurship
Know
Want to know
Learned I have learned that ….
Relevance of Entrepreneurship to SHS Students
Know
Want to know
Learned
WHAT I CAN DO
D. Write a two-page essay on the topic “Religion: What Does It Mean to Me?” guided by the
following questions: Write your essay on your answer sheet.
B. What different values have your religion instilled in you?
C. What various guiding principles which may have been influenced by your religion do you
adhere to in your life?
provided.
Column A Column B
1. a belief in the existence of one God viewed as A. theology
creative source of the human race and the world
2. relating or affecting the human spirit or soul that is B. agnosticism
one’s personal integrative view on
3. the belief that there is only one God who could have C. polytheism
designed and created the universe
4. the belief in many principal gods among whom no one D. theism
is supreme
5. the belief that there is no genuine distinction between E. worldview
God and the universe
6. denial of the existence of God F. monism
7. the belief that God's existence is unknown and unknowable G. monotheism
8. an organized system of beliefs, ceremonies, and rules
Used to worship a god or a group of gods H. aestheism
9. a collection of beliefs about life and the universe held by
people I. religion
10.the systematic study of the existence and
nature of the divine J. spirituality
Answer Key.
1.D
2. J
3. G
4.C
5. F
6. H
7.B
8. I
9.E
10. A