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Module 2 Learning Competency

The document focuses on exploring job opportunities in entrepreneurship and the essential competencies required for entrepreneurs. It outlines various competencies, such as personal, interpersonal, and business skills, and emphasizes the role of entrepreneurship in economic development and society. Additionally, it discusses the debate on whether entrepreneurs are born or made, highlighting that entrepreneurial behavior can be learned and developed.

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jfdrazuke
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Download as PPTX, PDF, TXT or read online on Scribd
3 views

Module 2 Learning Competency

The document focuses on exploring job opportunities in entrepreneurship and the essential competencies required for entrepreneurs. It outlines various competencies, such as personal, interpersonal, and business skills, and emphasizes the role of entrepreneurship in economic development and society. Additionally, it discusses the debate on whether entrepreneurs are born or made, highlighting that entrepreneurial behavior can be learned and developed.

Uploaded by

jfdrazuke
Copyright
© © All Rights Reserved
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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Learning Competency:

Explore job opportunities


for entrepreneurship as a
career
After going through the lesson, you
are expected to:
1. Gain insights about the competencies
every Entrepreneur should develop.
2. Explore job opportunities for
Entrepreneurship as a career.
DIRECTIONS: To check your prior knowledge about
the topic, please list down at least five (5)
competencies in entrepreneurship and five (5) job
opportunities for Entrepreneurship as a career. Write
your answer in the space provided.
MAKE MEANING: Give meaning for each
word based on your own
understanding.
DIRECTIONS: Give the meaning of the following word/phrase in each item.
You may use the internet to define the given word/phrase. Write your
answer in the space provided.
1. Competency _____________________________________________
2. Job Opportunities_________________________________________
3. Enterprise _______________________________________________
4. Creative thinking _________________________________________
5. Managing Change__________________________________________
Common Elements of
Entrepreneurship (Edralin, D. M.,
2016):
 Innovation
 Opportunity seeking and exploitation
 Resource mobilizing
 Encountering risks and uncertainties
 Economic and personal rewards
Roles of Entrepreneurship and Entrepreneurs in
Economic Development and Society (Edralin, D. M.,
2016):

 Creates employment
 Develops new markets
 Introduces innovation
 Generates new sources of materials
Stimulates investment interest in the
new business ventures being created
 Improves the quality of life
 Serves as role models
 Brings social benefits to the people
 Utilizes and mobilizes indigenous
resources
 Provides more alternatives for
consumers
 Entrepreneurshipis a catchword in this era of
globalized economy. It is a foundation You
may start your journey in learning more on
the competencies of entrepreneur and the
job opportunities for entrepreneurship as a
career.
 Entrepreneurs are found everywhere around
the globe and they are a distinct group of
business people who contribute to the
development of the society. They are the
founder and creator of the enterprise who
make use of the opportunities that abound to
start or grow business, knowing that there are
risks involved in such undertaking (Edralin, D.
M., 2016).
Are entrepreneurs born or made?
 This question has long been debated with
little agreement. However, as cited by
Longenecker, J.G., et.al. (2016), Stephen
Spinelli and Robert Adams described
entrepreneurs as having and exhibiting
“desirable and acquirable attitudes and
behaviors” such as commitment and
determination, leadership, opportunity
obsession, risk-takers, motivation to excel,
creativity, self-reliance, and adaptability.
Is there such a thing as a ‘natural-
born entrepreneur’?
 Accordinglythere is not. Specific techniques
and habits must be practiced and developed
by all would-be entrepreneurs. Aside from
business competencies, entrepreneurs need
interpersonal and self-leadership skills too;
however, these are often overlooked.
Entrepreneurial behavior‟ can be learned
and developed (www.ideasforleaders.com).
There are three levels of
competencies, which all
entrepreneurs need:
1. Personal Competencies – These are your
abilities to ground yourself so that you are
secure and self-assured in whatever situation
you may find yourself (www.free-management-
ebooks.com). Ex. creativity, determination,
integrity, self-criticism.
2. Interpersonal competencies – These are
your ability to lead, influence, communicate,
supervise, negotiate, and control people at all
levels. It is the ability to get along with people
and motivate people to perform jobs.
Entrepreneurs must effectively manage people
(baseread.com). Ex. communication,
engagement, delegation
3. Business competencies – These are set of
particular abilities and knowledge that sets a
company apart from its competitors
(yourbusiness.azcentral.com). It also refers to
the key characteristics that successful
entrepreneurs should have in order to be
successful (www.mustangbols.com). Ex.
business vision, financial management,
networking
Core vs. Common Competencies in
Entrepreneurship
 Competencies in entrepreneurship play a leading role
in making entrepreneurs successful (baseread.com).
 Entrepreneurial competencies facilitate opportunity
recognition, help adapt rapidly to changes, enhances
business performance, strengthen the firm‟s
competitive position and stir the achievement of
organizational success. It is the sum total of the
personality, skills and knowledge that the entrepreneur
possesses, which are necessary to effectively perform
their functions and responsibilities (Edralin, D. M.,
2016).
 Competence is an underlying personal
characteristic which leads to superior
performance. It is a combination of
knowledge, skills, attitudes, and motives
(baseread.com).
 Core competence is the foundation for
sharpening a company's competitive edge
and it guides brand reputation, business
growth, and marketing strategy
(www.thebalancesmb.com).
 Common competence is one that describes
the knowledge, skills and abilities found in
most or all position (www.ifpm.nifc.gov).

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