Instructional Planning (The process of systematically planning, developing, evaluating and managing the instructional process by using principles of teaching and learning - D.O. 42, s. 2016) Detailed Lesson Plan (DLP) Format School Esperanza Senior High School Grade Level 12 Teacher Daisy Pao Learning Area Applied Economics Time 1:00 – 1:50 pm G12-Frugality Quarter Quarter 2 – Week 1 Dates/Days Nov. 6-10, 2023 (MTThF) Semester First Semester I. OBJECTIVES A. Content Standards B. Performance Standards C. Learning Competencies / Objectives Write the LC code for each II. CONTENT III. LEARNING RESOURCES A. References 1. Teacher’s Guide pages 2. Learner’s Materials Pages The learners demonstrate an understanding of industry analysis, its principles, tools, and techniques leading to the identification of business opportunities The learners shall be able to apply tools and techniques for business opportunities like the SWOT/ TOWS analysis conduct a survey of macro and micro environments affecting business in a locality identify and explain different principles, tools, and techniques in creating a business ABM_AE12-IIa-d-9 Principles, Tools, and Techniques in Creating a Business Applied Economics Quarter 4-Module 3 pp. 1-24 Department of Education –Schools Division of Pampanga 3. Textbook Pages 4. Additional Materials from https://www.studocu.com/ph Learning Resource (LR) portal B. Other Learning Resources V. PROCEDURES Introductory Activity Laptop, PowerPoint, DLP/TV, video Preliminary Activity: I. Opening Prayer II. Checking of attendance III. Making sure learners are seated properly and the classroom is clean. IV. Review of the previous lesson In the previous lesson, you have learned about the challenges and current problems of the Filipino entrepreneurs face in the Philippines. Based on what you have learned, Choose among the images below two (2) current problems that Filipino entrepreneurs faced and write down 5 best practices that can be used for the business to continuously operate and grow. Activity/Strategy Analysis Abstraction To start a new business, an entrepreneurs needs to have a plan to start a business, as one of the best practice entrepreneurs to identify needs of the community to start a business. Identify 5 major needs of your community and rank them according to order of priority from 1 being the highest and 5 lowest and describe business opportunities that can be created. “TO BE A BUSINESS ENTREPRENEUR” Pedro is aspiring to become a business entrepreneur. He recently graduated in senior high school and he knows the different principles, tools, and techniques for business which has become one of the good qualities which can make him a good leader and a good entrepreneur. But for him to become a successful entrepreneur he has to think of an idea for a business that can make him profitable. To achieve this, he has to answer a few questions: 1. How can he think of an idea for a business? 2. Which principles, tools, and techniques shall he use to think of a better idea for a business that will become possibly profitable? Specific Objective: 1. identify principles in creating business; 2. discuss tools and techniques in making efficient business; and 3. analyze business principles, tools, and techniques in making efficient business. DISCUSSION: Business entities are important to country’s economic growth. It enables to create goods and services, provide jobs for individuals to generate income and accumulate wealth and generate revenue for the government which enables to provide basic social services. Moreover, it produces goods and services that individuals need and wants. Business to thrive and grow need to used tools and techniques to continuously exist thus best practices and techniques need to be employed Principles in Creating a Business The principles of a business are the driving forces that make it successful. Below the ten key principles to make a business a success: 1. Scalability 2. Big Ideas 3. Systems 4. Sustainability 5.Growth 6. Vision 7. Purpose 8. Autonomy 9. Profitability 10. Standards Tools in Evaluating a Business 1. Use technology to speed up workflow 2. Shorter meetings fuel efficiency 3. Smart office space pays 4. Advertisement 5. Small changes, big savings 6. Keep a firm grip on cash flow 7. Stay connected on the move 8. Use time more efficiently 9. Get the best deal on insurance 10. Don't be lax with the legal Industry analysis of the following important factors. A. COMPETITION AND COMPETITORS Competitive Advantage is what sets your business apart from your competition. highlights the benefits a customer receives when they do business with you. It could be your products, service, reputation, or even your location. Different methods of competitive advantage which it can be done and are classified into four categories: 1.Cost Leadership-an advantage occurs when business is able to offers same products at a lower price. 2.Differentiation-Find attributes that is important and set them apart from their competitors. 3.Defensive Strategies-used a defensive strategy to distance themselves from competitors. 4.Alliances-advantage of seeking strategic alliance with other within related or within businesses. B. CUSTOMERS - Individuals or companies who desires to possess or make use of products and services. C. SUPPLIERS - Provide inputs that the firms in an industry need to create the goods and services that they in turn sell to their buyers. D. SUBSTITUTES Goods/services that can be used in place for another. These goods may, even if partly, satisfy the same needs of a consumer such that the consumer may use one for instead for another. substitute products or services limit the potential of an industry. margarine can be a substitute for butter. Likewise Coke for Pepsi But not everybody will be willing to switch brands because they have developed a taste for a particular cola. This is why manufacturers try to differentiate their products from their competitors so that the customers will develop product loyalty from their brand. Application Directions: Read the story carefully. Analyze the business. Then answer the questions at the end of the story. Anne and Cherry are friends since high school. Anne is good in baking and Cherry is good in selling. To increase their income, they decided to put up an online business of bakery products. They contributed 10,000 each to start the business and decided to split the profit equally as business partners. The friends agreed that Anne will be in charge of the production while Cherry will be in charge of the online Assessment site for taking marketing and promotion. Cherry started taking orders while Anne was busy baking products. The business started to get big orders from their regular clients and others who visited their online site. After one year of operation, while Cherry continued with her regular work Anne as in-charge of the production, started getting sick and was advised to rest. Now, Anne can no longer continue baking for their business. 1. What went wrong with the business? 2. Do you think Anne and Cherry were right in how they managed their business? 3. Are they right in their decision of equal sharing of profit? Explain your answer. Rubric:10 points- comprehensive and analytical 8-9 points- well written and some include analysis; 5-7 points written but lack analysis; 2-4 points- weak essay; 1 point Poorly written and lacks strength Choose the letter of the best answer. Write the answer on a separate sheet of paper. 1.These are individuals/group of individuals who buy goods and services for personal and business use. a. Consumer c. Government b. Creditors d. Suppliers 2.The capability of a company to produce or increase output when resources are added is called _______________________. a. Autonomy c. Profitability b. Durability d. Scalability 3.Business is a legal entity that is separate and distinct from owner. a. Autonomy c. Profitability b. Durability d. Scalability 4.Ford and Toyota sells the same products; it evident that there is a__________. a. Competition c. Alliance b. Distribution d. Threats 5.Competitive advantages can also be gained by business that seeks association or cooperation with other business: a. Alliance c. Defensive strategy b. Cost leadership d. Differentiation 6. Individual or firms who desire products and services in the market for consumption or business. a. Consumers c. Government b. Creditors d. Supplier 7. Which does not belong to the group? a. Colgate c. Close-Up b. Head and Shoulders d. Hapee 8. A strategy that businesses use to distinguish themselves apart from their competitors. a. Differentiation c. Defensive Strategy b. Alliance d. Cost Leadership 9. This method occurs when a business is able to offer the same quality product as its competitors and sell it at a lower price. a. Differentiation c. Defensive Strategy b. Alliance d. Cost Leadership 10. The advantage gained by this type of strategy is that it allows the business to further distance itself by using defensive method. a. Defensive strategy c. Diffrerentiation b. Alliance d. Cost Leadership 11. An economic activity that is engage in buying and selling of goods and services in exchange of money. a. Business c. Trade b. Commerce d. Partnership 12. Business ability to use its resources to produce profit. a. autonomy c. profitability b. big idea d. scalability 13. These are alternative goods that can easily replace by other products either perfectly or in part. a. brand c. original b. clone d. substitutes 14. Printed and online promotion is needed in starting your business. a. advertising c. profitability b. big ideas d. scalability 15. Entrepreneurs think big and make this idea into a reality for the success of their business. a. autonomy c. profitability b. big idea d. scalability Assignment/Agreement Conduct a survey of macro and micro environments affecting business in a locality. Interview at least 3 businesses in your locality. V. REMARKS VI. REFLECTION 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 learners who have caught up with the lesson. D. No. of learners who continue to require remediation. E. Which of my teaching strategies worked well? Why did these work? F. What difficulties did I encounter which my principal or supervisor can 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: DAISY O. PAO Teacher II RECHIE A. LAZALITA School Principal I