Unit 1: Understanding the Concept of
Entrepreneurship
Lesson 1
Entrepreneurship:
Overview and Concepts
Entrepreneurship
Senior High School Applied -
Academic
What is
Entrepreneurshi
p?
Do you want to be
an entrepreneur?
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Learnin
g Explain the key concepts of
Objectiv common competencies in
At the end of
e
the lesson, you
entrepreneurship.
should 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
entrepreneu
rs 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
Entrepreneurshi
p?
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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,
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EXPLAI EXTENandEVALUAT
teamwork. 10
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?
1
2
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
Thinking projects in order to
understand where
problems occurred.
Check the impact of
the proposed solution
to both customers and
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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
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EXTEN EVALUAT 19
Competencies For Entrepreneurial Success
Competency Example
Customer A good
Relations Service entrepreneur knows
what his or her
customer needs in
order to satisfy
them and have a
long term
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Competencies For Entrepreneurial Success
Other Competencies
Risk-taking
Collaboration
Commercial Aptitude
Optimism
People-centered
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Ti
p
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.
2
2
Questions
Part A.
1. What are the qualities that you possess
as an entrepreneurship student? Give at
least 5 qualities and explain each.
2. Among those qualities, rank them with 1
as the highest and 5 as the weakest quality.
3. What are the benefits of studying
entrepreneurship to students?
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Questions
4. What entrepreneurial competencies
do you need to have to become
a successful entrepreneur?
5. What is the difference between
a businessman and an
entrepreneur?
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Questions
Part B.
1. You saw your classmate who was inside the faculty
room alone using your teacher’s computer. Your
teacher never allows anyone to be in the faculty
room unattended. Your classmate looked up, saw
you and knew you saw him. A few days later, it was
found out that confidential files have been lost
and everyone is being questioned. Should you
reveal what you saw? Which is a better example of
integrity: being honest or being loyal to a friend?
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Questions
2. A sales staff is having difficulty assisting a foreign
customer because he cannot speak English
fluently. It was seen by the manager. What should
the manager do?
3. All finance staff have a meeting with suppliers at
9:00 in the morning. Because of an accident on
the road, it causes traffic and it is the reason why
you came late. If you were the staff, what
competency of entrepreneur you should have in
order to conquer the scenario?
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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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Bibliograp
Amit_selp. “Entrepreneurial Competencies.” Docuri. Accessed hy
March 3, 2020.
[Link]
2f581710a6200ff25_pdf#modals.
Dollingner, Marc. Entrepreneurship: Strategies and Resources 3rd
Edition.
New Jersey: Prentice Hall, 2003.
Kotler, Philip & Gordon McDougall. Marketing Essentials.
Prentice-Hall Canada Inc., 1985.
Peters, Michael & Robert Hisrich. Entrepreneurship 4th Edition.
McGraw-Hill Book Co., 1999.
Seth, Shobhit. “ 5 Characteristics of Successful Entrepreneurs.”
Investopedia. Accessed March 3, 2020.
[Link]
/10-
c [Link].
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