OVERVIEW TO ENTREPRENEURSHIP / MODULE 1 ENTREPRENEUSHIP GRADE 12

Entrepreneurship is the ultimate journey of transforming ideas into reality. It involves identifying opportunities, taking risks, and innovating to create value. Aspiring entrepreneurs must delve into market research, business planning, and strategic execution. This course will equip you with essential skills to navigate the complexities of starting and managing a business. Ultimately, it empowers you to turn your passion into a successful venture.

1. LESSON 1: Overview of Entrepreneurship

2. ENTREPRENEUR person managing the business ENTREPRENEURSHIP business venture What is an Entrepreneur and Entrepreneurship ?

3. Who is an Entrepreneur? The entrepreneur is commonly seen as an innovator, a source of new ideas, goods, services, and business/or procedures. Entrepreneurs play a key role in any economy, using the skills and initiative necessary to anticipate needs and bring good new ideas to market. Entrepreneurs who prove to be successful in taking on the risks of a startup are rewarded with profits, fame, and continued growth opportunities.

4. Give at least five (5) names of entrepreneurs that you know, may it be from your locality or within the Philippines. 1. What characteristics can you observe or see that are common among the entrepreneurs that you have listed? 2. Who among the entrepreneurs that you mentioned do you admire the most and why? 3. In your own opinion, what do you need to possess to become a successful entrepreneur?

5. Most successful entrepreneurs in the Philippines Henry Sy (Shoe Mart) 2. Tony Tan Caktiong (Jollibee Foods) 3. Socorro Ramos (National Book Store) 4. John Gokongwei Jr. (J.G. Holdings) 5. Edgar Sia ( Mang Inasal ) 6. Mariano Que (Mercury Drug) 7. Cresida Tueres (Greenwich Pizza) 8. Cecilio Kwok Pedro ( Lamoiyan Corporation) 9. Alfredo M Yao (Zest-O)

6. RELEVANCE OF ENTREPRENEURSHIP TO AN ORGANIZATION 1. Development of Managerial Capabilities - this means that one of the benefits an entrepreneur gets is to develop his managerial skills. 2. Creation of Organizations - which means that because of entrepreneurship many organizations will exist. 3. Improving Standard of Living - this means that entrepreneurship can lift up the economic status of an individual.

7. RELEVANCE OF ENTREPRENEURSHIP TO AN ORGANIZATION 4. Means of Economic Development - this means that not only the life of the entrepreneur is improved but also the society where the business is located.

8. Factors Affecting Entrepreneurship 1. Personality Factors which include: a. Initiative - doing things even before being told. b. Proactive - which means he can classify opportunities and seize it. c. Problem Solver - which means he can retain good relations with other people. d. Perseverance - meaning he will pursue things to get done regardless of challenges.

9. Factors Affecting Entrepreneurship e. Persuasion - means that he can entice people to buy even if they don’t want to. f. A Planner - he makes plans before doing things and does not fail to monitor it. g. Risk-taker - which means that he is willing to gamble but he will calculate it first. 2. Environmental Factors which include political, climate, legal system,economic and social conditions and market situations.

10. No successful business started huge right away. A business starts with an idea . Once the business is established, the business owner, the entrepreneur, can choose to expand and explore franchising. Intrapreneurship (managing a startup business in an established business), and Acquisition (buying another similar business or a new business). Franchising is a business arrangement wherein the franchisor, who is the owner of the business, acquires distribution centers through the franchisees or the affiliated dealers.

11. Listed below are Entrepreneur Philippines’ franchise business options in the Philippines, which a potential entrepreneur can pursue after college or even after finishing the K to 12 program.

12. Seatwork#1 Give One famous Entrepreneur that you know, give what is his or her product and explain what are the societal and economic benefit of it in our country? 2. Write your answer on paper.

13. SEATWORK#2

14. PERFORMANCE TASK # 1 You need to bear in mind the critical factors that led to the success of these entrepreneurs. This activity will help you realize what these entrepreneurs went through to succeed. You will be graded by your teacher based on the completeness, accuracy, and presentation of your interview results.

15. 1. Group into 5

16. EM EM EN EN EM EN EM EN EM EN

17. PETA 2

18. PETA 1 Directions: Choose ONE successful entrepreneurs from different fields that you know of and are engaged in common small and franchise businesses enumerated previously. Your goal is to understand the mindset of established entrepreneurs by playing the role of an interviewer. (You may ask them via online interview). Ask these three chosen entrepreneurs the following questions using interview method research: ▪ What motivated you to become an entrepreneur? ▪ What do you think are your characteristics and competencies that made you a successful entrepreneur? ▪ Aside from the business that you have, what other businesses are you interested in? ▪ What do you think of being an employed? Why didn’t you choose that path? ▪ Who are your top three entrepreneur role models? Why do you want to be like them? ▪ How much do you love your job?

19. PETA # 2 Directions: Do an opportunity spotting and assessment activity in your own locality or barangay. Identify the potential opportunities from the macroenvironmental and microenvironmental sources. If there is really no opportunity in a particular source, indicate none. Follow the given example. Write it on your notebook.