Republic of the Philippines
Department of Education
Region III-Central Luzon
Schools Division of Bulacan
Asian Institute of Science and Technology
Plaza Naning Victoria Bldg. Baliwag, Bulacan
SENIOR HIGH SCHOOL DEPARTMENT
Module in Entrepreneurship (ENTREP2)
First Quarter S.Y. 2021-2022
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Entrepreneurship (ENTREP2)
First Quarter - Module 1 (Week 1)
Entrepreneurship
Let’s Read
This module was written for you to accomplish at home. It was carefully designed so that you can work at
your own pace and allow self-discovery of the concept through activities that you will perform. Activities were
also selected to allow independent learning which also aims to develop your reading comprehension skills through
understanding written texts. It covers many different learning situations where you can relate your personal
experiences on different practical scenarios about Entrepreneurship.
After going through this module, you are expected to:
1. Increase your knowledge about entrepreneurship.
2. Determine the relevance of Entrepreneurship to your everyday life and to the society as a whole.
Lesson 1
Overview of Entrepreneurship
What Is an Entrepreneur?
The French term entreprendre means “to undertake” or to take on a task. An entrepreneur is
someone who takes on the risk of starting his or her own business enterprise. Entrepreneurs organize,
manage, and assume the risk of operating a business. The process of creation is called
“Entrepreneurship”. Starting a business enterprise is an exciting but risky undertaking that requires a lot
of effort and planning. (www.yourarticlelibrary.com).
Entrepreneurship is one of the resources economists categorize as integral to production; the three
resources are land/natural resources, labor and capital. An entrepreneur combines these three to
manufacture goods or provide services. They typically create a business plan, hire labor, acquire
resources and financing, and provide leadership and management for the business
(www.investopedia.com).
Meaning of Entrepreneurship and Entrepreneur (www.investopedia.com, www.reference.com,
www.europeanentrepreneurship.com)
Entrepreneurship is…
 The act of creating a business or businesses while building and scaling it to generate a profit.
 An important driver of economic growth and innovation.
 What people do to take their career and dreams into their hands and lead it in the direction of their own choice.
 About building a life on your own terms. No bosses. No restricting schedules. And no one holds you back.
An entrepreneur is…
 A person who sets up a business with the aim to make a profit and creates a new business, bearing most of the
risks and enjoying most of the rewards.
 An innovator, a source of new ideas, goods, services, and business/or procedures.
 Playing a key role in any economy, using the skills and initiative necessary to anticipate needs and bring good
new ideas to market.
Note: Understanding what an entrepreneur is can help more people recognize the value they contribute to the
world. Entrepreneurs take the idea and execute it while entrepreneurship is about execution of ideas.
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Entrepreneurship (ENTREP2)
Lesson 2
Relevance of Entrepreneurship to SHS Students
Importance of Entrepreneurship (www.reference.com)
1. Entrepreneurship generates new wealth in an economy.
2. Entrepreneurship decreases poverty.
3. It creates opportunities, ensures social justice, instills confidence and stimulates the economy.
4. Entrepreneurship improves productivity
5. Entrepreneurs create jobs.
6. Entrepreneurs innovate.
7. Entrepreneurs create innovation and social change
8. Entrepreneurs give to society
Relevance of Entrepreneurship to SHS Students (www.europeanentrepreneurship.com)
1. To prepare students for livelihood even before college.
2. Entrepreneurship education aids students from all socioeconomic backgrounds to think outside the box
and nurture unconventional talents and skills.
3. Entrepreneurship develops their initiative and helps them to be more creative and self-confident in
whatever they undertake and to act in a socially responsible way.
4. It exposes students to numerous opportunities to learn how to think critically and analyze the pieces on
the board.
5. Being aware of all the important factors and seeing how they affect each other is the foundation of a
smart decision-making process.
6. Students have to be exposed to real-world examples and learn from their own experience.
7. Entrepreneurship education requires students to be innovative, creative and collaborative with others.
8. Entrepreneurship education provides budding entrepreneurs with the skills and knowledge to come up
with business ideas and develop their own ventures.
Name: ________________________________________________
Strand / Section: _______________________________________
Date: ____________________
Score: ___________________
Activity 1
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Entrepreneurship (ENTREP2)