Republic of the Philippines

ZAMBOANGA PENINSULA POLYTECHNIC STATE UNIVERSITY

College of Teacher Education
SENIOR HIGH SCHOOL LABORATORY

Second Semester – Quarter 1

S.Y. 2024-2025

INTRODUCTION TO ENTREPRENEURSHIP

OBJECTIVES: At the end of the lesson you are expected to:

1. discuss the relevance of the course;
2. explain the key concepts of common competencies;
3. explain the core competencies in Entrepreneurship; and
4. explore job opportunities for Entrepreneurship as a career.

Businesses are the backbone of the economy. Entrepreneurs play an important role
in developing the economy through providing the needed products and services including
the solution to the problem of unemployment.
Entrepreneurship is encouraged by the economy because it can provide a lot of
opportunities for the unemployed people. It will increase per capita income, improve
standard of living and increase individual savings, provide revenue to the government in the
form of income tax, value added tax, export duties, import duties, and balanced regional
development.

Activity 1. Let Me Know

Give at least five (5) names of entrepreneurs that you know, may it be from your locality or
within the Philippines. Identify what are their common traits as entrepreneurs.

Competencies of Entrepreneurs

Activity 2. Essay
Explain the following questions below about the competencies of entrepreneurs.
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?

VOCABULARY LIST

Intrapreneur - These are usually employees within a company who are assigned a special
idea or project and are instructed to develop the project like an entrepreneur would.

Intrapreneurship - Activities that occurs within a firm or large organization which includes
corporate venturing, when large entities spin off organizations
Entrepreneur - Derived from the French word, entreprendre, which means “to undertake”
(Pahuja, 2015). This refers to an individual or groups of individuals that act independently,
or as part of a corporate system, that create new organizations or instigate renewal or
innovation within an existing one. In other book, it refers to those innovators who
“undertake” the risk of new enterprises and generate new ideas to create unique and
potentially profitable solutions to modern-day problems.

Entrepreneurship - An economic activity 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. It covers the occurrence of organizational innovation or
creation of new products that occurs inside or outside the existing organization (Cuervo, et
al., n.d.).

Enterprise - A business or an establishment created by an entrepreneur.

Activity 3. Self- Assessment

Direction: Find out if you have the qualities of an entrepreneur. Put a check mark on the
column that identifies whether you have the qualities of an entrepreneur or not.

Qualities YES NO
Risk Taker
Communicator
Leader
Opportunity Seeker
Proactive
Innovator
Decisive

Interpretation: If you have more YES than NO, you have the qualities of an entrepreneur.

Activity 4. Reveal the Relevance!

Development of managerial capabilities

One among the many relevance of entrepreneurship to an organization is that it helps

in identifying and developing managerial capabilities of entrepreneurs. An entrepreneur
studies a problem, identifies its alternatives, compares the alternatives in terms of cost and
benefit implications, and finally chooses the best alternative (De Guzman, 2018). Studying a
problem, identifying its alternatives, comparing alternative in terms of cost and benefit
implication and choosing the best alternative help in sharpening the decision-making skills of
an entrepreneur. Besides, these managerial capabilities are used by entrepreneurs in
creating new technologies and products in place of older technologies and products resulting
in higher performance (De Guzman, 2018).

Name of Product (write the Brand A Brand B Brand C Other Brand

brand name)

How much is the cost of each

brand?
List down the benefits of each
brand
Tick mark the brand that you
choose
Under the brand that you
choose, write down your
reason/s why you choose that
brand.
What suggestion/s can you give
to further enhance or improve
the product?

Your Task: Give an example of a product that has become widely used during the time of
COVID-19 pandemic. Compare its cost and benefits with its competing products and
choose which of this product is the best alternative. Discuss the reason why you choose
such alternative. With your innovative mind, what suggestion can you give to further
enhance or improve the product? Please accomplish the table below in a separate sheet of
paper.

Creation Of Organizations

An organization is created when entrepreneurs assemble and coordinate

the human, physical and financial resources and direct them towards achievement of goals
and objectives through managerial skills.

Your Task: List down at least five (5) examples of organizations that were assembled by
entrepreneurs.

1. ____________________________
2. ____________________________
3. ____________________________
4. ____________________________
5. ____________________________
Improving Standard Of Living

The high standard of living is the result of the enormous effort of entrepreneurs who made a
wide variety of goods and services which are available to the society that yields to higher
employment rate and new business opportunities.

Your Task: Give at least five (5) examples of products owned by an individual that signifies
his high standard of living.
1. _________________________________
2. _________________________________
3. _________________________________
4. _________________________________
5. _________________________________

Means Of Economic Development

The economic development of a country is evident by high employment rate, sprouting of

various business establishments as well as improvement
of the country’s infrastructures, facilities and services. These kinds of development are
made possible by entrepreneurs.

Your Task: Give at least five (5) scenarios wherein we can observe that our economy is
being developed.
1.
2.
3.
4.
5.

Activity 5. Applying your Entrepreneurial Mind

We are now aware that entrepreneurship is a process of creating something new, be

it in a form of a product or a service, and assuming the risks and rewards attached to its
creation. In other words, you may financially gain from it or you may experience financial
loss.
With your entrepreneurial mind, what product or service which you think will be
patronized in this time of pandemic? If it is already an existing product, what innovation
could you suggest in order to add more value to the product? Please write your answer on
the line provided below:
 Factors Affec%ng Entrepreneurship
There are several factors that affects entrepreneurship such as psychological,
economic, social and cultural factors, but those factors can be categorized only into two
factors to wit, environmental and personality factors (De Guzman, 2018).

1. Environmental factors

These factors relate to the place or conditions in which an entrepreneur has to

work. Factors such as economic and social conditions, political climate, legal
system, and market situations are just few examples of environmental factors that
significantly affect the economic activities of an enterprise.

For example, the tax imposed by the Bureau of Internal Revenue on the online
sellers of commodities affects the production of goods and/or services of an
enterprise.

2. Personality factors
These are the traits possessed by an entrepreneur.
1. Drive. An entrepreneur is self-motivated enough to pursue his chosen course
without relenting even in the face of adversity. If he fails in his first attempt, he
makes another attempt.
2. Critical thinking. An entrepreneur’s job involves decision-making and problem
solving. A man with superior thinking ability can see through the maze of
information (or disinformation) brought before him.
3. Human relations ability. An entrepreneur possesses high social awareness and
ability to build relationship with others.
4. Ability to communicate. Communication skill is a very important characteristic
that an entrepreneur must possess in order to succeed. The ability to understand
and to be understood makes it easier for the entrepreneur to transact business.
5. Technical knowledge. An entrepreneur must have familiarity of the business
venture he is going to undertake.
6. Reasonable risk taker. When a person starts a new venture, he has already
begun to assume the risk of business failure. Entrepreneurs enjoy challenges. But
they are careful and calculating. So, they do away from high risk situations,
because these might not be attainable. However, entrepreneurs also avoid low-risk
situations because there are no challenges. A risk situation exists when results are
not certain, either it is success or failure. In view of the risk-taking abilities of
entrepreneurs, they make things happen rather than let them.
7. Self-confident. Entrepreneurs have strong faith in their abilities. They believe they
can be the best in their field. They do not accept things as they are, because they
believe they can do things better.
8. Goal setter. An entrepreneur usually has a specific target and because he is
persistent to achieve a certain target, he creates strategies and action plan.
9. Accountable. An entrepreneur takes full responsibility of whatever will happen to
the enterprise.
10. Innovative. An entrepreneur always seeks for something new and useful product
or service. He always strives to discover new things or strive to improve existing
products or services.
 3. Biological factor

This factor is something new. The writer of this module decided to

include biological factor since many enterprises had been affected by the
COVID-19 pandemic. This pandemic is a kind of viral respiratory infection that
has no cure yet at the time of this writing.

Various enterprises and commercial establishments stay closed, work

stoppage occurred, and there was a limit in mobility of almost everyone in the
entire world. However, other businesses strive because of this factor such as
the manufacturers of alcohol, personal protective equipment and face masks.
Entrepreneurs of this sort were able to design an innovative product.

Activity 6. The Thinker

As an entrepreneur, you should have a new business idea. What business idea do
you have in mind which you think will negatively be affected by the aforementioned
environmental and biological factors? By using your critical thinking ability, what are you
going to do in order to solve the issue? Write down your answer on the table provided
below.
New Business Idea Action Plan (Solution)

Activity 7. Research Me

Research on the life story of at least three (3) entrepreneurs in your locality; identify how
they started their business. Ask how much was their start-up capital.
 Activity 8: Show that you have learned something in doing this activity.

Edgar Sia, a native of Iloilo City

dropped out of college to pursue his own
photo-developing and laundry business at the
age of 19. In 2003, Sia, then 26- year old,
decided to open the barbecue fast food
restaurant, Mang Inasal—Ilonggo for “Mr.
Barbecue.” The first branch was built at a mall
parking lot in his home city.
Photo from google.com

The restaurant took off. When Tony Caktiong heard about Sia’s growing
business, he decided to buy Mang Inasal for a total of P5 billion. Sia eventually put the
sales of Mang Inasal to other investments like banking and healthcare. At 42, he’s
considered the country’s youngest billionaire (business.inquirer.net, 2020).

Instruction: What entrepreneurial traits do Edgar Sia possess? List as many possible
answers as you can on the table provided.

Entrepreneurial Traits
1. 6.
2. 7.
3. 8.
4. 9.
5. 10.

Process Question:
How were you able to identify the entrepreneurial traits of Edgar Sia? What was your basis?
Write your answer on the following line provided.