Unit 1: Understanding the Concept of Entrepreneurship
Lesson 1
Entrepreneurship: Overview and
Concepts
Entrepreneurship
Senior High School Applied - Academic
What is
Entrepreneurship?
Do you want to be an
entrepreneur?
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Learning
Objective Explain the key concepts of
common competencies in
At the end of the
lesson, you should
entrepreneurship.
be able to do the
following:
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Who are the
entrepreneurs around
you?
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Can you name
some of the
most
successful
entrepreneurs
in the country?
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Entrepreneur
An entrepreneur is a
person who creates
unique ideas that will
be useful for starting a
business.
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Entrepreneurship
the science of
converting processed
ideas into a
remarkable business
venture
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Why study
Entrepreneurship?
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Usefulness of the Course to the Students
1. It develops skills that will be needed in
starting up a business.
2. It enhances knowledge on how to operate
business.
3. It demonstrates how to manage a business.
4. Learners consider becoming an employer
rather than an employee.
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Usefulness of the Course to the Students
5. Learners change their attitude towards
the course as a means of living.
6. Learners change in personal and career
attitudes such as communication,
problem-solving, collaboration,
motivation, creativity, and teamwork.
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Importance of Entrepreneurship Education
1. key economic driver
2. increase the level of knowledge,
competence and improve the
quality of life
3. alternative career path
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Can you think of other
importance of Entrepreneurship
Education aside from those
already mentioned?
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Entrepreneurship Common Competencies
Competencies are
considered as the
capability, capacity and
ability of the learner in
handling situations in
various areas in business
operations such as in
marketing, management,
production, and finance.
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What are the common
entrepreneurial
competencies?
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Entrepreneurship Common Competencies
1. Specific Goal Setting
2. Self-Efficacy
3. Need for Achievement
4. Ambition
5. Willingness to Learn
6. Adaptability and Flexibility
7. Willingness to Take Risk
8. Interpersonal Skills
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Competencies For Entrepreneurial Success
Competency Example
Integrity An entrepreneur
knows what is good
and right. Do what is
best for everyone and
do not act without
thinking.
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Competencies For Entrepreneurial Success
Competency Example
Conceptual Review outcome
projects in order to
Thinking
understand where
problems occurred.
Check the impact of the
proposed solution to
both customers and
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17
Competencies For Entrepreneurial Success
Competency Example
Strategic Thinking An entrepreneur
finds ways to do
things faster or at
less costs.
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Competencies For Entrepreneurial Success
Competency Example
Decisiveness An entrepreneur
switches to an
alternative strategy
to reach a goal. It
generates new ideas
and innovative
solutions.
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Competencies For Entrepreneurial Success
Competency Example
Customer A good entrepreneur
knows what his or
Relations Service
her customer needs
in order to satisfy
them and have a long
term relationship.
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Competencies For Entrepreneurial Success
Other Competencies
Risk-taking
Collaboration
Commercial Aptitude
Optimism
People-centered
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Tip
The common competencies are
the skills you need in starting a
business. On the other hand, the
10 competencies discussed are
the skills that you need to be a
successful entrepreneur.
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Individual Activity
Do you have what it takes to be an
entrepreneur?
Answer the questionnaire in the Extend
part of the study guide.
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Wrap Up
An entrepreneur is a person who creates
unique ideas that will be useful for starting a
business.
Entrepreneurship is the science of
converting processed ideas into a
remarkable business venture.
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Wrap Up
A businessman starts the business with an
existing idea or concept, while an
entrepreneur starts the business from his
own idea or concept.
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Wrap Up
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