EPP 4 – MODULE 1
TOPIC:
Entrepreneurship and the Entrepreneur
CONTENT STANDARD:
Ang mag-aaral ay naipamamalas ang pang-unawa sa konsepto
ng “entrepreneurship”
Ang mag-aaral ay naipaliliwanag ang mga batayang konsepto ng
pagnenegosyo
PERFORMANCE
STANDARD:
LEARNING OBJECTIVES:
I.
Ang mag-aaral ay naipaliliwanag ang kahulugan at kahalagahan
ng “entrepreneurship”. (EPP4IE-0a-1)
INTRODUCTION
What are the children doing?
Have you experienced to buy ice cream or sorbetes?
Did you like it much?
Are you happy like them when you heard the sound of the bell of
the sorbetes cart?
Have you dreamt to be a businessman or an entrepreneur like
the man in the picture?
Business here, business there, business everywhere. Yes, as early as now, think of entrepreneurship.
Why? It is because entrepreneurship helps create employment ang contributes to the economic growth
of the country. This lesson will show how important entrepreneurship is and the vital role that
entrepreneurs play to ensure growth and success of a business enterprise.
II.
EXPLORE
What is Entrepreneurship? People need food, clothing, shelter, transportation, medicines, toiletries,
and other things. People have become dependent on each products and services. For example,
farmers produce rice, vegetables and other crops; dressmakers manufacture clothing products; while
builders construct infrastructures to service people. The need for products and services are known as
economic or business opportunities. When people need something, they are willing to pay someone
who is able to provide these needs. This is where entrepreneurship or the notion of development,
organization and management of a business ventures, is highly regarded and realized.
Entrepreneurship is generally the creation of products and services by developing and using resources
to meet people’s need.
Entrepreneurship can also be realized and understood in three ways:
1. A process, individuals or entrepreneurs identify opportunities, allocate resources, and create values
for goods and services produced.
2. As an art, entrepreneurship use a great deal of knowledge of the elements and principles of design
to produce goods and services.
3. As a science, entrepreneurship follows a logical and organized process, and employs knowledge
and skills to come up with product and services.
Entrepreneurship is now being injected into the consciousness of every Filipino. It is offered as a subject
and integrated in the curriculum of many schools. Why? It is because when a society or community
becomes entrepreneurial, economic growth will surely take place.

The importance of Entrepreneurship
1. It generates employment and fosters economic growth.
2. It improves the quality of life and families, communities and the society as a whole.
3. It creates, uses, and promotes new technology.
4. It makes life more convenient because of continuous development and production of goods
and services.
5. It increases the value of resources by creating and producing different products from these
resources.
6. It identifies and explores business opportunities in different localities.
7. it promotes entrepreneurial culture and lively competition among aspiring entrepreneurs.
All of these shows how valuable entrepreneurship it to the national economy.
Who is an entrepreneur?
An entrepreneur is an individual who is highly enterprising and has the ability to see and evaluate
business opportunities gathers necessary resources and takes advantage and evaluates appropriate
actions to ensure the success of a business enterprise. An entrepreneur puts together all the factors
of production to create goods or services that meet human needs.
III.
DEEPEN
Exercise 1. Identify if the statement is true or false about entrepreneur. Write T if the statement is
true and F if it is false.
1. Entrepreneurship helps create employment.
2. Farmers can be also considered as entrepreneurs.
3. You must study entrepreneurship courses to become a businessman.
4. Business is a form of entrepreneurship.
5. You will never be an entrepreneur if you don’t invest a large amount of money.
6. Entrepreneurship is also an art.
7. Business and entrepreneurial activities are useless when it comes to economy.
8. You must own a large business to be called an entrepreneur.
9. As an entrepreneur you must identify the opportunities to raise business.
10. Entrepreneurship is a science of organized processes.
Exercise 2. Using a bubble map, identify the importance of entrepreneurship.
Importance of
Entrepreneurship
Exercise 3. Identify the following statements if it is importance or concept of entrepreneurship.
1. Leo is putting decorations on his products to make it more attractive.
2. Jane is selling her product on the internet which is easier to market.
3. The company hires Jacob as a salesman to earn for living.
4. Mike study first the product before selling it to the community.
5. During the pandemic, Anne decides to buy things online than going out.
6. Klint’s farm has abundant sources of bananas so he decides to make
some into maruya and sell it to the community.
7. The Chong family raise a grocery store to make an easy access to the
needs of their community.
8. Jake started his business little by little.
9. The Ifuago tribe is fund of making mattresses and cribs out of rattan
so they decided to sell it to other community to have some income.
10. Jane hires some of her neighbors who have no job to be her
cashier attendant.
IV.
TRANSFER
Answer the essay in 1-2 sentences.
Why is entrepreneurship important in our lives?
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Glossary
Entrepreneur- the person who is managing a business.
Entrepreneurship- expertise or ability to handle a business
References
Josephine C. Bernardino et.al, 2017, Phoenix Publishing Inc. Home Economics and Livelihood
Education, p.3-5