Entrep Module 1 2022-2023
Entrep Module 1 2022-2023
Entrep Module 1 2022-2023
Quarter 1 – Module 1
Introduction to
Entrepreneurship
What I Need to Know
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In going through the module, you have to extend your patience in understanding
and analyzing what you are reading. Follow the directions and/or instructions in the
activities. Answer the given tests and exercises carefully. Comply the required
activities provided.
What I Know
Before starting with this module, let us see what you already know about
Entrepreneurship. Answer the questions below.
Instruction: Read the statements carefully then write True if the statement is correct
& write False if you think the statement is not correct.
1. Entrepreneur means “to undertake.”
2. Entrepreneurship is a process of actions of an entrepreneur who is
always in search of opportunities.
3. The greatest significance of entrepreneurship is to help
identify and develop the managerial capabilities of entrepreneurs.
4. Entrepreneurship will lead to the creation of organizations.
5. Entrepreneurship can improve the life of the entrepreneur only.
6. Coward people will become successful entrepreneurs.
7. An entrepreneur is a “Risk Taker”.
8. Entrepreneurship is not an economic activity.
9. Entrepreneurs are innovative.
10. Profit potential is the compensation of the entrepreneur.
11. An entrepreneur can become a business consultant.
12. An entrepreneur can also be a researcher.
13. An entrepreneur can also become a salesman.
14. Entrepreneurship graduates can become business
reporters.
15. The entrepreneur could easily see the results of his efforts.
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Lesson
Introduction to Entrepreneurship
1
What’s In
Before we will proceed to our lesson, can you tell me what comes into your
mind when you hear the word Entrepreneur? Write it on your activity notebook. (All
answers will be accepted)
What’s New
What is it?
Competencies of Entrepreneurs
Activity 2. Essay
2. Who among the entrepreneurs that you mentioned do you admire the most
and why?
3. In your own opinion, what do you need to possess to become a successful
entrepreneur?
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RUBRIC FOR ESSAY
Content The content was well-thought, guide 4
questions were thoroughly answered
Organization The paper was well-written with ideas 3
easily conveyed to readers.
Development Points are thoroughly developed 3
TOTAL 10
Concept of Entrepreneurship
The word “entrepreneur” was derived from the French verb enterprendre,
which means “to undertake.” This is pinpointing to those who “undertake” the risk of
enterprise. The enterprise is created by an entrepreneur and the process is called
“Entrepreneurship.”
Entrepreneurs are innovators. They are willing to take the risks and generate
unique ideas that can provide profitable solutions to the needs of the market and the
society.
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c. Problem Solver - which means he can retain good relations with other
people.
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the risk.
Types of Entrepreneurs
1. Innovative Entrepreneurs - They are those who always make new things by
thinking of new ideas. They have the ability to think newer, better and more
economical ideas.
2. Imitating Entrepreneurs - They are those who don’t create new things but only
follow the ideas of other entrepreneurs.
3. Fabian Entrepreneurs - They are skeptical about changes to be made in the
organization. They don’t initiate but follow only after they are satisfied.
4. Drone Entrepreneurs - They are those who live on the labor of others. They
are die-hard conservatives even ready to suffer the loss of business.
5. Social Entrepreneurs - They are those who initiate changes and drive social
innovation and transformation in the various fields such as education, health,
human rights, environment and enterprise development.
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is What’s More
Qualities YES NO
Risk Taker
Communicator
Leader
Opportunity Seeker
Proactive
Innovator
Decisive
Interpretation: If you have more YES than NO, you have the qualities of an
entrepreneur.
are people who take the risk, they are innovators and
contributors to the development of the .
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What I Can Do