Entrepreneurship Grade 12 lesson 1 quarter 1

Entrepreneurship Grade 12

1. The learner demonstrates understanding of key concepts, underlying principles, and core competencies in Entrepreneurship. The learner independently creates/provides a quality and marketable product and/or service in Entrepreneurship. CONTENT STANDARD PERFORMANCE STANDARD

2. Learning Objectives: Describe entrepreneurship Explain the key components of entrepreneurship

3. ACTIVITY Unscramble Me! Instruction: Arrange the scrambled letters to the word related to the course/ subject.

4. I S E B S N S U

5. I S E B S N S U B USINESS

6. T E R S E N E P R I

7. T E R S E N E P R I ENTERPRISE

8. V A I N T I V E N O

9. V A I N T I V E N O INNOVATIVE

10. M Y C O E N O

11. M Y C O E N O ECONOMY

12. TRESHENIPEURPREN

13. ENTREPRENEURSHIP

14. Entrepreneurship It is a science of converting ideas into business.

15. It 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.

16. It refers to the concept of developing and managing a business venture in order to gain profit by taking several risks in the corporate world.

17. It is a process of creating incremental wealth through the efforts of individuals who find new and useful ways to employ resources that lead to the creation of new products, services or technologies.

18. Do you think are born not made?

19. Entrepreneurs It is derived from the French verb ENTERPRENDRE which means “to undertake/ take”.

20. They are innovators, willing to take risks and generate new ideas to create unique and potentially profitable solutions to modern-day problems.

21. Enterprise It is an organization that is engage in commercial activities – the trade of goods or services, or both, with consumers. Its goal basically, is to earn profit.

22. It is created by an entrepreneur and the process of its creation is called entrepreneurship.

23. Entrepreneurial Idea It is a specific innovative way to satisfy want, overcome a problem, or meet a challenge.

24. Profit It is the return or compensation to the entrepreneur for taking on the risk of developing an idea into an actual business venture.

25. TYPES OF ENTERPRISES ACCORDING TO CONCEPT

26. AN ENTERPRISE CAN INVOLVE A NEW CONCEPT This usually means creating or stumbling on a new idea or concept, and creating or inventing something radically new. The inventor then builds a new business around this product.

27. AN ENTERPRISE CAN BE BUILT ON AN EXISTING CONCEPT, BUT GIVING RISE TO A NEW BUSINESS This usually means creating a new business based on the existing concept.

28. AN ENTERPRISE CAN INVOLVE AN EXISTING CONCEPT AND AN EXISTING BUSINESS. The setting up of branches or franchises can be considered an example of this type of enterprise.

29. IN SUMMARY, the types of enterprises according to concept: New concepts and/or a new business Existing concept and/or new business Existing concept/existing business

30. EXCERCISES “My observation toward Business Enterprises within the Vicinity”

31. Instruction: Give an example for each type of entrepreneurial enterprise, according to concepts .

32. Type 1: New concept and/or new business Name of business: ______________________________________ New Product: ________________________________________ Type of Product: ___Good ___Service Type 2: Existing concept and/or new business Name of business: ______________________________________ New Product: ________________________________________ Type of Product: ___Good ___Service What’s new in the business: _____________________________ Type 3: Existing concept and existing business Name of business: ______________________________________ New Product: ________________________________________ Type of Product: ___Good ___Service What’s new in the business: ____________________________

33. THANK YOU for your PARTICIPATION