DAILY LESSON LOG
School Dasmariñas Integrated High School
Teacher Victoria M. Flores
Teaching Dates and Time Week 1 (June 4-8, 2018) Session 1-3
Session 1
Session 2
Grade Level 12
Learning Area Entrepreneurship
Quarter First
Session 3
I. OBJECTIVES
A. Content Standards
B. Performance
Standards
C. Learning
Competencies/
Objectives
II. CONTENT
The learner demonstrates understanding of key concepts,
underlying principles and core competencies in
Entrepreneurship.
The learner demonstrates understanding of key concepts,
underlying principles and core competencies in
Entrepreneurship.
The learner demonstrates understanding of key concepts,
underlying principles and core competencies in
Entrepreneurship.
The learner independently creates/provides a quality and
marketable product and/or service in Entrepreneurship as
prescribed in the TESDA Training Regulation
The learner independently creates/provides a quality and
marketable product and/or service in Entrepreneurship as
prescribed in the TESDA Training Regulation
The learner independently creates/provides a quality and
marketable product and/or service in Entrepreneurship as
prescribed in the TESDA Training Regulation
At the end of the lesson, the learners should be able to:
a. Define entrepreneur and entrepreneurship
b. Describe the salient features of entrepreneurship
c. Discuss the different theories on entrepreneurship
d. Distinguish between entrepreneurial venture and ordinary
small business activity
At the end of the lesson, the learners should be able to:
a. Define entrepreneur and entrepreneurship
b. Describe the salient features of entrepreneurship
c. Discuss the different theories on entrepreneurship
d. Distinguish between entrepreneurial venture and ordinary
small business activity
At the end of the lesson, the learners should be able to:
a. Define entrepreneur and entrepreneurship
b. Describe the salient features of entrepreneurship
c. Discuss the different theories on entrepreneurship
d. Distinguish between entrepreneurial venture and ordinary
small business activity
Defining Key Terms/Salient Features of
Entrepreneurship
Theories of Entrepreneurship
Entrepreneurship and Ordinary Small Business
Activity
III. LEARNING
RESOURCES
A. References
1. Teacher’s Guide
pages
2. Learner’s Material
pages
3. Textbook pages
Nick L. Aduana (2016). Entrepreneurship in Philippine Nick L. Aduana (2016). Entrepreneurship in Philippine Nick L. Aduana (2016). Entrepreneurship in Philippine
Setting, C and E Publishing Inc.
Setting, C and E Publishing Inc.
Setting, C and E Publishing Inc.
4. Additional Materials
from Learning
Resource portal
1
B. Other Learning
Resources
Session 1
Session 2
Session 3
IV. PROCEDURES
1. Teacher welcomes the class and introduces
himself/herself.
A. Reviewing
previous lesson or
presenting a new
lesson
B. Establishing a
purpose for the
lesson
C. Presenting
examples/instances
of the new lesson
Teacher reviews activities from the last session.
Class reviews presentations from the last session. Class
discusses what they have learned from the presentation.
Teacher presents the different theories of
entrepreneurship and gives a brief explanation for each.
Ask: What does this statement mean? Entrepreneurship is
different from the activities of ordinary small businesses. The
distinction lies in the descriptive word “ordinary”.
Theories of Entrepreneurship
1. Innovation Theory – was contributed by Joseph
Schumpeter, an Austrian economist and political scientist.
He wrote about it in his book, The theory of Economic
Development.
The Innovation Theory regards economic development as
the product of structural change or innovation.
It becomes the primary role of the entrepreneur to
introduce innovation in any of the following forms:
a. new product
b. new production method
c. new market
d. new supplier
c. new industry structure
2. Keynesian Theory – was developed by John Maynard
Keynes, a British economist. The General Theory of
Employment, Interest and Money, which was published
during the Great Depression in 1936.
Entrepreneurship and Ordinary Small Business Activity
Entrepreneurship is different form the activities of ordinary
small businesses. This does not mean, however, that
entrepreneurship does not connote small business. It does
because entrepreneurship covers small and medium scale
businesses. The distinction lies in the descriptive word
“ordinary”.
Entrepreneurship and the activities of ordinary small
businesses differ in the following areas:
1. Motive in opening a business – an entrepreneur starts a
business venture based on entrepreneurial concepts and
principles and the aspiration to become successful. He/She is
constantly on the lookout for new and fresh ideas, which can
be found in the business environment.
Owner of an ordinary small business opens a business with the
primary goal of making it his/her source of livelihood. The
business becomes a major provider of the family for their
financial requirements. The owner of an ordinary small
2. Motivation Activity: Unscramble the Word
The learners will be grouped into four and will be tasked to
unscramble the word to be given by the teacher. Three
rambled words will be given and learners will have to
unscramble each word for one (1) minute. After arranging the
letters the group leader or representative will go in front to
write their answers on the board. 1 point will be given to the
group who will be able to give the correct answer. The group
with the highest score will be declared the winner.
Suggested Words:
1. Business
2. Entrepreneur
3. Venture
Ask: What does this statement mean?
“Entrepreneurship is living a few years of your life like most
people won’t. So that you can spend the rest of your life like
most people can’t.”
1. Before the discussion remind the class to take down
notes.
2. Discuss entrepreneur and entrepreneurship.
3. Provide a definition and examples of entrepreneur and
entrepreneurship.
4. Discuss the difference of small and ordinary small
business.
5. End the discussion by asking a number of learners to
summarize what they have learned.
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The theory put so much emphasis on the role of the
government in entrepreneurial and economic development,
most especially when the economy was experiencing
depression. It suggests that entrepreneurial activities may
not be favorable in the future unless the short-term problem
of economic disequilibrium is finally resolved through the
active participation of the government.
3. Alfred Marshal Theory - Alfred Marshall an English
economist strongly asserted that there are four factors in
the production (land, labor, capital and organization) of
goods and services in the economy, he considered
organization as the coordinating element. Without the
active participation of organization, the other factors of
production will remain inactive in their role for economic
development.
4. Risk and Uncertainty-Bearing Theory – Frank Hyneman
Knight, an American economist, conceptualized the risk and
uncertainty bearing theory of entrepreneurship in his book,
Risk, Uncertainty and Profit.
By adopting some concepts of the early economist, Knight
viewed an entrepreneur as an agent of the production
process where he/she connects the producers and the
consumers. Knight, however, added risk-taking as an
important dimension that will differentiate an entrepreneur
from a worker.
Knight considered uncertainty an important factor in the
production of goods and services. He believed that the
entrepreneur must anticipate possible random events to
happen while shouldering the risk at the same time. The
entrepreneur would be eventually rewarded with high
profits.
business operates with a basic motive of earning profit.
However, the level of profitability is sometimes neglected. The
profitability aspect and the level of profitability are two
distinct important issues.
2. Perception of risk in the business – The entrepreneur takes
and faces the business risk squarely. He/She considers it
inherent in the business venture, prepares the business for it,
and finds ways to minimize its effects. The owner of an
ordinary small business, on the other hand, believes that the
business risk is a deterrent to the operation of the business
and must be avoided.
3. Reactions to changes in the environment – The
entrepreneur reacts positively to the changes in the
environment. Changes in the business environment bring new
ideas for entrepreneurial opportunities. The entrepreneur
considers changes in the environment a creative mechanism
for development and growth in the entrepreneurial activities.
They become a new source of possible entrepreneurial
venture.
4. View on competition – For the entrepreneur the presence
of competition is a sign of a healthy economic environment.
The environment where the venture operates can be
considered neutral of free-trade because of healthy
competition.
Competition
will
undoubtedly
force
entrepreneurs to continuously improve their present products
or services. It will be one of the factors that will make them
creative in their endeavor.
The owner of an ordinary small business, however, views
competition as an unhealthy element in the business
environment and tries to avoid it. He/She is very
uncomfortable working in a competitive environment and
strongly discourages competition in the business community.
5. Vision for development and growth – The entrepreneur
usually outlines the course of his/her entrepreneurial venture
in terms of short-term, medium-term and long-term plans of
action. He/She makes sure that the vision and mission of
his/her business is clear.
The entrepreneur aligns the daily business activities toward
the attainment of the plans. He/She properly manages the
venture in such a way that the operations will provide
development and growth to the venture.
The owner of an ordinary small business, on the other hand,
relies upon chance or luck in maintaining the status quo of
his/her business. He/She is not so much concerned about its
development and growth as long as he/she is satisfied with its
earnings.
6. Horizon of business operation – An entrepreneur thinks
globally but acts locally. His/Her sight is always focused on the
3
stars above, while his/her feet are firmly anchored on the
ground. He/She is primarily concerned with the major
economic events not only in the local environment but also in
the global business market. The entrepreneur has a strong
notion that the business venture will be going out of the local
market and will soon face healthy competition in the
international market. The entrepreneur has both local and
global perspectives.
7. Sources of business funds – When the entrepreneur finds
that the proposed business endeavor is a wealth-creating
venture, he/she explores ways to generate the much-needed
funds from both internal and external resources. He/She
strongly believes that the wealth that the venture may create
is external resources. He/She strongly believes that the wealth
that the venture may create is more than enough to
compensate for the sourced funds.
On the contrary, the owner of an ordinary small business
tends to limit the funding of his/her business enterprise to
personal resources. Loans from external resources can be a
risky undertaking for him/her. He/She fears that financial
institutions will not be willing to extend financial assistance
to the business. In other words, he/she is already fully
convinced that he/she is pursuing the unprogressive type of
business endeavor.
1. Teacher will discuss the different salient features of
entrepreneurship.
D. Discussing new
concepts and
practicing new skills
#1
2. Discuss entrepreneurship as an art of correct practices.
Ask: Is creativity present in the operation of ordinary small
business along the streets and highways and in your
neighborhood? Why do you say so?
3. Discuss entrepreneurship as a wealth-creating venture.
4. Discuss how entrepreneurship provides valuable goods
and services.
5. Discuss how entrepreneurship entails opening and
managing the self-owned enterprise.
6. Discuss entrepreneurship as a risk taking venture.
Ask: Do you know someone who owns a small business?
Does he/she personally manage his/her own business?
Do you think he/she is an entrepreneur or an ordinary small
businessperson? Why?
Other Theories on Entrepreneurship
1. Weber’s Sociological Theory – In sociological theory, Max
Weber stressed that social cultures are the primary driving
elements of entrepreneurship. The entrepreneur is
expected to perform the role of a good constituent by
executing his/her entrepreneurial activities in line with good
customs and traditions, religious beliefs and morals.
2. Kaldor’s Technological Theory – The technological theory
was developed by Nicholas Kaldor who considered modern
technology as an essential factor in production. In the
absence of modern technology application in
entrepreneurship, economic development would be slow
and growth might not be expected. The entrepreneur is
expected to keep abreast with modern technology and find
ways to apply the same in the entrepreneurial endeavor.
Proper application of modern technology will promote
efficiency in the production of goods and services.
3. Leibenstein’s Gap-Filling Theory - In this theory on
entrepreneurship, Henry Leibenstein proposed that the
primary role of entrepreneurship in any economic activity is
to fill the existing gap. Entrepreneurship is responsible for
recognizing trends in the market. The entrepreneur is
expected to possess abilities that will connect the different
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markets. He/She must extend assistance to entrepreneurial
ventures experiencing failures and deficiencies.
4. Kirzner’s Learning-Alertness Theory – Israel Kirzner was
the main proponent of this theory. He pointed out
spontaneous learning and alertness as the two major
attributes of entrepreneurship in any given economy. The
entrepreneur must be alert in recognizing entrepreneurial
opportunities and the ignorance of consumers as well.
He/She must immediately find appropriate remedy to
correct the error or wrong perception.
E. Developing
mastery (Leads to
Formative
Assessment)
Learners shall be able to orally answer the questions to be
given by the teacher.
Ask the class to discuss the features and significance of the
theories on entrepreneurship.
Learners shall be able to differentiate an entrepreneur from
an owner of an ordinary small business in the following
areas:
1. Motive in opening a business.
2. Perception of risk in the business.
3. Vision for development and growth.
Discuss: A theory is a generalization that explains a set of
facts or phenomena. It is not an absolute truth. It can be
supported by another observation or proven to be
otherwise.
Regardless of definition of success, there are a great number
of common characteristics that are shared by successful
entrepreneurs, although they think and process information
differently. Entrepreneurial process shows that creative
thinking is the must have skill of an entrepreneur for the
creation of new ideas.
Choose one small business in your neighborhood. Conduct a
guided interview of its owner. Elicit the primary reason why
he/she opened the business. Determine if he/she manages
the business as an entrepreneur or as an owner of an
ordinary small business.
Explain the career opportunities open to graduates of
entrepreneurship
1. In your own words, what is entrepreneur?
Entrepreneurship? and Small Business?
2. Differentiate wealth-creating venture from an incomegenerating venture
3. What is your view about competition?
F. Finding practical
applications of
concepts and skills
in daily living
G. Making
generalizations and
abstractions about
the lesson
H. Evaluating
learning
I. Additional activities
for application or
remediation
Move around in your barangay. Record 5 either micro, small
or medium enterprises that have been established there for
at least five years. Find out the effects of their presence in
your community.
Form groups of six members each, preferably with
members from the same community. Observe the activities
of the entrepreneur in your local community. Report your
observation in class.
Look for a woman entrepreneur in your community. Ask her
about the reasons for her engaging in entrepreneurship.
Report in class what you have gathered.
Mae your own theory on entrepreneurship for the
businesses that you observed, give your theory a name and
explain how it applies to the said business.
V. REMARKS
VI. REFLECTION
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A. No. of learners who earned
80% on the formative
assessment
B. No. of learners who require
additional activities for
remediation
C. Did the remedial lessons
work? No. of students who
caught up with the lesson
D. No. of learners who
continue to require
remediation
E. Which of my teaching
strategies work well? Why
did these work?
F. What difficulties did I
encounter which my principal
or supervisor help me solve?
G. What innovation or
localized materials did I
use/discover which I wish to
share with other teachers?
Prepared by:
Checked by:
VICTORIA M. FLORES
Subject Teacher
JAYZEL V. ALAM
Subject Coordinator
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