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Entrepreneurship Subject - Unit1_Lesson1_Final
- 1. Entrepreneurship Senior High SchoolApplied - Academic Unit 1: Understanding the Concept of Entrepreneurship Lesson 1 Entrepreneurship: Overview and Concepts
- 2. ENGAGE EXPLORE EXPLAINEXTEND EVALUAT What is Entrepreneurship? Do you want to be an entrepreneur? 2
- 3. Learning Objective ENGAGE EXPLORE EXPLAINEXTEND EVALUAT At the end of the lesson, you should be able to do the following: Explain the key concepts of common competencies in entrepreneurship. 3 3
- 4. ENGAGE EXPLORE EXPLAINEXTEND EVALUAT Who are the entrepreneurs around you? 4
- 5. ENGAGE EXPLORE EXPLAINEXTEND EVALUAT Can you name some of the most successful entrepreneurs in the country? 5
- 6. ENGAGE EXPLORE EXPLAINEXTEND EVALUAT Entrepreneur An entrepreneur is a person who creates unique ideas that will be useful for starting a business. 6
- 7. ENGAGE EXPLORE EXPLAINEXTEND EVALUAT Entrepreneurship the science of converting processed ideas into a remarkable business venture 7
- 8. ENGAGE EXPLORE EXPLAINEXTEND EVALUAT Why study Entrepreneurship? 8
- 9. ENGAGE EXPLORE EXPLAINEXTEND EVALUAT 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. 9
- 10. ENGAGE EXPLORE EXPLAINEXTEND EVALUAT 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, creativity, and teamwork. 10
- 11. ENGAGE EXPLORE EXPLAINEXTEND EVALUAT Importance of Entrepreneurship Education 11 1. key economic driver 2. increase the level of knowledge, competence and improve the quality of life 3. alternative career path
- 12. 12 Can you thinkof other importance of Entrepreneurship Education aside from those already mentioned?
- 13. ENGAGE EXPLORE EXPLAINEXTEND EVALUAT 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. Entrepreneurship Common Competencies 13
- 14. ENGAGE EXPLORE EXPLAINEXTEND EVALUAT What are the common entrepreneurial competencies? 14
- 15. ENGAGE EXPLORE EXPLAINEXTEND EVALUAT 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 Entrepreneurship Common Competencies 15 15
- 16. ENGAGE EXPLORE EXPLAINEXTEND EVALUAT Integrity Competencies For Entrepreneurial Success 16 16 Competency An entrepreneur knows what is good and right. Do what is best for everyone and do not act without thinking. Example
- 17. ENGAGE EXPLORE EXPLAINEXTEND EVALUAT Conceptual Thinking Competencies For Entrepreneurial Success 17 17 Competency Review outcome projects in order to understand where problems occurred. Check the impact of the proposed solution to both customers and employees. Example
- 18. ENGAGE EXPLORE EXPLAINEXTEND EVALUAT Strategic Thinking Competencies For Entrepreneurial Success 18 18 Competency An entrepreneur finds ways to do things faster or at less costs. Example
- 19. ENGAGE EXPLORE EXPLAINEXTEND EVALUAT Decisiveness Competencies For Entrepreneurial Success 19 19 Competency An entrepreneur switches to an alternative strategy to reach a goal. It generates new ideas and innovative solutions. Example
- 20. ENGAGE EXPLORE EXPLAINEXTEND EVALUAT Customer Relations Service Competencies For Entrepreneurial Success 20 20 Competency A good entrepreneur knows what his or her customer needs in order to satisfy them and have a long term relationship. Example
- 21. ENGAGE EXPLORE EXPLAINEXTEND EVALUAT Risk-taking Collaboration Commercial Aptitude Optimism People-centered Competencies For Entrepreneurial Success 21 21 Other Competencies
- 22. Tip 22 The common competenciesare 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.
- 23. ENGAGE EXPLORE EXPLAINEXTEND EVALUAT Individual Activity Do you have what it takes to be an entrepreneur? Answer the questionnaire in the Extend part of the study guide. 23
- 24. ENGAGE EXPLORE EXPLAINEXTEND EVALUAT ENGAGE EXPLORE EXPLAIN EXTEND EVALUAT 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? 24
- 25. ENGAGE EXPLORE EXPLAINEXTEND EVALUAT ENGAGE EXPLORE EXPLAIN EXTEND EVALUAT 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? 25
- 26. ENGAGE EXPLORE EXPLAINEXTEND EVALUAT ENGAGE EXPLORE EXPLAIN EXTEND EVALUAT Questions Part B. 1. You saw your classmate who was inside the faculty room alone using your teacherâs 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? 26
- 27. ENGAGE EXPLORE EXPLAINEXTEND EVALUAT ENGAGE EXPLORE EXPLAIN EXTEND EVALUAT 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? 27
- 28. Wrap Up 28 An entrepreneuris 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.
- 29. Wrap Up 29 A businessmanstarts the business with an existing idea or concept, while an entrepreneur starts the business from his own idea or concept.
- 30.
- 31. Bibliography Amit_selp. âEntrepreneurial Competencies.âDocuri. Accessed March 3, 2020. https://docuri.com/download/entrepreneurial- competencies_59ae47b2f581710a6200ff25_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. â 5 Characteristics of Successful Entrepreneurs.â Investopedia. Accessed March 3, 2020. https://www.investopedia.com/articles/personal-finance/101014/10- characteristics-successful-entrepreneurs.asp. 31
Editor's Notes
- #2Â GENERAL PARTS of this presentation: Engage- this is meant to capture the studentsâ attention, link their prior knowledge to the new topic, and set their expectations about the lesson. Explore- this is meant to elicit discussion, and encourage students to explore and derive ideas from questions, scenarios, activities, or discussion. Explain- this is meant for the teacher to use to synthesize studentsâ ideas from EXPLORE, and to emphasize on the key understandings needed for this lesson. Extend- this is an optional activity meant for guided practice. Evaluate- this is a quick check of studentsâ understanding of the lesson. Wrap Up- this is a reiteration of the key concepts of the lesson.
- #5Â Note to teacher: You may discuss this in class to check prior knowledge and ideas of students about Entrepreneurship and entrepreneurs. You may show this slide and the next before discussing both questions.
- #6Â Note to teacher: You may discuss this in class to check prior knowledge and ideas of students about Entrepreneurship and entrepreneurs.
- #24Â Note to teacher: Tell the class that if they got at least 7 YES answers to the questionnaire, they have what it takes to be an entrepreneur.
- #25Â Model Answer: The learner may answer common competencies an entrepreneur has when starting a business such as specific goal setter, self-efficacy, need for achievement, ambition, willingness to learn, willingness to take risk, adaptability and flexibility and good interpersonal skills. The answer depends on the learnerâs rate on question number 1. The learner will assess qualities given as 5 being the highest and 1 being the lowest. The learner may answer that it adds knowledge on how to start up a business and gives them an alternative career path at any time. The learner may answer the 10 competencies discussed such as integrity, conceptual thinking, risk-taking, collaboration, strategic thinking, commercial aptitude, decisiveness, optimism, customer relation service, and people-centered. A businessman starts the business with an existing idea or concept, while an entrepreneur starts the business from his own idea or concept.
- #26Â Model Answer: The learner may answer common competencies an entrepreneur has when starting a business such as specific goal setter, self-efficacy, need for achievement, ambition, willingness to learn, willingness to take risk, adaptability and flexibility and good interpersonal skills. The answer depends on the learnerâs rate on question number 1. The learner will assess qualities given as 5 being the highest and 1 being the lowest. The learner may answer that it adds knowledge on how to start up a business and gives them an alternative career path at any time. The learner may answer the 10 competencies discussed such as integrity, conceptual thinking, risk-taking, collaboration, strategic thinking, commercial aptitude, decisiveness, optimism, customer relation service, and people-centered. A businessman starts the business with an existing idea or concept, while an entrepreneur starts the business from his own idea or concept.
- #27Â Model Answer: The learner may answer being honest as an example of integrity. It is a better thing to do than to consider a friend with the wrongdoing.
- #28Â Model Answer: The learner may answer that the manager should help the sales staff in assisting the foreign customer in order to satisfy the needs and eliminate complaints. The learner may answer optimism and decisiveness. As an entrepreneur, you should find ways on how to solve problems and think in a positive way.