MODULE FOR SENIOR HIGH SCHOOL

HOLY CROSS ACADEMY, INC.

Gallarde Street, Digos City,
8002 Davao del Sur
Senior High School Department
S.Y. 2021-2022
Subject: Entrepreneurship
Grade Level:
Topic: Entrepreneurship: A Growing Reality
Lesson Number: 1
Week Number: 1
Learning Targets: At the end of the lesson …
1. I can discuss the relevance of entrepreneurship;
2. I can identify the basic concepts and characteristics of entrepreneurship;
3. I can explore job opportunities for entrepreneurship;
4. I can identify what SMEs and MSMEs stand for;
5. I can identify some of the types of enterprises according to concept, size, and
goals.
Motivation: Brainstorming
What is entrepreneurship for you? List down the things that you can relate to the word
Entrepreneurship.

Do you want to finish your studies because you want to get a job and be employed? Or do
you want to finish college because you want to start your own company bringing and
applying the things/concepts that you have learned in reality?
A teacher teaches in a school, a worker works in a factory, a doctor practices in a
government hospital, a clerk serves in a bank, a manager works in a business concern to
earn his living. These are the examples of people who are employees and earn money
through salaries or wages given by their employers. This is known as wage-employment. On
the other hand, a shopkeeper, a factory owner, a businessman, a doctor having his own
clinic, earn money by running their own concerns. These are the examples of people who
are self-employed. However, there are several self-employed individuals who not only create
jobs for themselves but also generate jobs for many others. They may be termed as
‘entrepreneurs. ©

Concepts:
Why do we need to study entrepreneurship? How entrepreneurship does affect us?
A. ENTREPRENEURSHIP
 Teach us to create opportunity, ensure social justice, in still confidence, stimulate the
economy through taking risks and not be afraid of failure, persevere and lastly, to
become creative, inventive and innovative.
 It has been hailed as one of the tools to fight poverty.
 It is a phenomenon or reality that has already become a buzzword in the lives of
most Filipinos. It is the ability to be able to know what products and services are
needed by people, and to be able to provide these things at the right time, at the
right place, to the right people, and at the right price.

Important points! (https://www.youtube.com/watch?v=2J-bRv9R9Zw)

Entrepreneurs, who are founders and builders of enterprises and businesses, are often
called the new heroes.

B. IMPORTANCE OF BEING AN ENTREPRENEUR

The role of entrepreneurship and an entrepreneurial culture in economic and social
development has often been underestimated. Over the years, however, it has become
increasingly apparent that entrepreneurship does indeed contribute to the economic
development. Transforming ideas into economic opportunities is the crux of
entrepreneurship. History shows that economic progress has been significantly advanced by
pragmatic people who are entrepreneurial and innovative, able to exploit opportunities and
willing to take risks. Entrepreneurs produce solutions that fly in the face of established
knowledge, and they always challenge the status quo. They are risk-takers who pursue
opportunities that others may fail to recognize or may even view as problems or threat.

HOLY CROSS ACADEMY INC. 1

 MODULE FOR SENIOR HIGH SCHOOL

Thus, fostering entrepreneurship means promoting the competitiveness of businesses. Its

importance can be expressed in the form mentioned below:
1) PROVIDES EMPLOYMENT TO THE PEOPLE: - People often hold a view that all
those who do not get employed anywhere jump into entrepreneurship, but in reality
nowadays most of the business are set by those who have other options available with
them.
2) CONTRIBUTES TOWARDS RESEARCH AND DEVELOPMENT SYSTEM: - Almost
2/3rd of all innovations are due to the entrepreneurs. Without the boom of inventions the
world would have been a much dry place to live in. Inventions provide an easier way of
getting things done through better and standardized technology.
3) CREATES WEALTH FOR THE NATION AND FOR THE INDIVIDUALS AS WELL:
- All individuals who search business opportunities usually, create wealth by entering into
entrepreneurship. The wealth created by them plays a significant role in the development of
the nation. The entrepreneurs contribute to the economy, in the form of products, and
services their ideas, thoughts, and inventions are also of a great help to the nation

What makes an Entrepreneur?

(Personal Attributes i.e.)
1. Creativity is the spark that drives the development of new products or services or
ways to do business. It is the push for innovation and improvement.
2. Dedication is what motivates the entrepreneur to work hard. Planning of ideas
must be joined by
hard work to succeed.
3. Determination is the extremely strong desire to achieve success. It includes
persistence and the
ability to bounce back after rough times.
4. Flexibility is the ability to move quickly in response to changing market needs. It is
being true to a
dream while also being mindful of market realities.
5. Leadership is the ability to create rules and to set goals. Passion is what gets
entrepreneurs started
and keeps them there.
6. Self-confidence comes from thorough planning, which reduces uncertainty and the
level of risk.
7. “Smart” consists of common sense joined with knowledge or experience in a
related business or
endeavour.

C. CAREER OPPORTUNITIES IN ENTREPRENEURSHIP

1. Business consultants - provide advice about business issues, such as the
development and
implementation of business plans, how to streamline operations or
how to expand
into a new market.
2. Management analysts - person who evaluates a business' systems, procedures
and operations, they
may also review a business' financial matters, such as the ratio of
income to expenditures.
3. Sales-someone who works in sales or runs the department needs to know how
businesses run. They
need to know how to represent a company, manage accounts, and follow up
on leads.
4. Research and development-To work in R&D, you need to understand business
concepts,
procedures, and practices. With all of the training and education someone
has received
learning about entrepreneurship, they are well prepared for this type of
position.
5. Not-for-profit fundraiser-Being able to raise funds requires understanding the
importance of
business and networking relationships. It is a great place for someone with
this type of degree
because you will have experience in studying advanced concepts that can be
used to your
advantage on the job.

HOLY CROSS ACADEMY INC. 2

 MODULE FOR SENIOR HIGH SCHOOL

6. An intrapreneur -is an inside entrepreneur, or an entrepreneur within a large

firm, who uses
entrepreneurial skills without incurring the risks associated with those
activities.

The field of entrepreneurship presents unique opportunities, each with its individual
challenges and benefits. A career in entrepreneurship can be made in virtually any field,
depending on your interests. Entrepreneurship graduates can find work as commercial
bankers, franchise operators, research and development executives and business
consultants. Most entrepreneurs, however, remain self-employed, preferring to be their own
bosses. Over the recent years, opportunities have also been growing in IT and engineering,
presenting a varied set of growing prospects to entrepreneurship majors.

D. TYPES OF ENTERPRISES ACCORDING TO CONCEPT

1. An enterprise can involve a new concept.
Creating a new idea and inventing something that is totally new. The inventor
then builds a
new business around this product.
Example: Steve Jobs – responsible for creating many features of early versions of
computers and word
processing software. He is famous for trailblazing iPod, iPhone, iPad, and
iTunes.
2. An enterprise can be built on an existing concept, but giving rise to a new
business.
Example: Jollibee – created a new business based on existing concept of selling hamburgers
and chicken. It was originally an ice cream parlour who gave rise to a more profitable
version of the hamburgers and chicken against its giant competitor, McDonald’s, who had
already been doing it. Jollibee created its own tasty version of hamburgers and chicken and
together with clever marketing strategies of calling it “Langhap Sarap” and partnering it
with Filipino values.
3. An enterprise can involve an existing concept and exiting business. This third
concept is also called as franchising.
Example: An entrepreneur can have a Convenience store business. C and J Store, for
example, had two branches in Davao City mostly in the center of rural areas. The son of the
owner, while still in college, was permitted to set up a third branch in Digos City. Although
the new store was built on an existing business, it is still a convenience store; it required the
young entrepreneur to take some personal, family, and financial risks.

E. WHAT ARE THE TYPES OF ENTERPRISE ACCORDING TO SIZE?

a. MICRO ENTERPRISE – are businesses with total assets of less than 3million pesos
and employ less
than ten people.
Example: sari sari store, food stall, meat stand
b. SMALL ENTERPRISE- businesses that have total assets between 3 million and 15
million pesos, and
employ between 10 to 99 people.
Example: chain of laundry shops, travel agency, restaurant, beauty
salon
c. MEDIUM ENTERPRISE- businesses that have total assets worth more than 15 million
pesos and
employ 100 people and more.
Example: food Manufacturing Corporation, large supermarket

Important point!
1. Most enterprises in the Philippines are often categorized as MSMEs: Micro-
enterprise, Small
enterprise, and Medium enterprise.
2. Assets are properties owned by a person or company, which are regarded as
having economic
value. E.g. cash, real estate, office equipment, manufacturing equipment,
vehicles, securities, and
inventory.

F. WHAT ARE THE ENTERPRISES ACCORDING TO GOALS?

HOLY CROSS ACADEMY INC. 3

 MODULE FOR SENIOR HIGH SCHOOL

A. BUSINESS ENTERPRISE
Engage in commercial activities for the purpose of livelihood or profit.
(E.g. manufacturing, trading, selling and distributing)
B. SOCIAL ENTERPRISE
Organizations that use commercial activities to improve human and
environmental well
-being. It usually has three goals namely: profit, and the well-being of
people and planet.
(E.g. Gawad Kalinga, Multi Venture, Inc. (Hapinoy))

References:
Macatangay, L. A. (2015). Entrepreneurship SHS. Makati City: Don Bosco Press, Inc.
Quinones, J. L. (2018). Importance of Entrepreneurship. Retrieved from
https://www.slideshare.net/JohemieLopezQuinones/lesson-1-importance-of-entrepreneurship
Career Opportunities in Business Module VI: Retrieved from
https://nios.ac.in/media/documents/Secbuscour/English/chapter-20.pdf

Topic: Global and Philippine Development: Understanding

Entrepreneurship
Entrepreneurial traits and characteristics
Lesson Number: 2
Week Number: 2
Learning Targets: At the end of the lesson …
1. I can define development.
2. I can differentiate between levels of development.
3. I can discuss the state of Philippine development according to HDI, IMF, and the
MDG.
4. I can discuss the state of Philippine economy.
5. I can discuss how the entrepreneurial traits and characteristics can be acquired
and developed.
6. I can exert the effort and time to acquire some of them.
7. I can journal his efforts and actions to learn how to acquire them.
Motivation: Does Entrepreneurship helps the economy of a country grow?

Concepts:
The United Nations has developed the Human Development Index (HDI), a set of indicators
composed of several statistics to estimate the level of human development for various countries. Thus,
Human Development Index (HDI) is an index that measures key dimensions of human development.

The three key dimensions are: a long and healthy life – measured by life expectancy,
access to education – measured by expected years of schooling of children at school-entry age and
mean years of schooling of the adult population, and a decent standard of living – measured by
Gross National Income per capita adjusted for the price level of the country.

This index ranks countries and categorized them as having “very high human development”,
“high human development”, “medium human development”, and “low human development”. Thus, it
is used to distinguish whether the country is developed, developing, or an underdeveloped country.

A. DEVELOPED COUNTRY
i. Can be defined through economic growth and security
ii. Its Gross Domestic Product, per capita income, level of industrialization, amount of
widespread infrastructure,
general standard of living score high on these criteria (HDI- High Development Index).
Example: Countries with Very High Human Dev’t Index are Norway,
Switzerland, Ireland, Germany,
Hong Kong, China (SAR), Australia.
B. DEVELOPING COUNTRY
i. Countries which have not achieved significant degree of industrialization relative to their
populations
ii. Most cases have a medium to low standard of living
iii. Average income is lower than in developed country
iv. Economy relies on a few export crops
v. Farming is done using primitive methods

HOLY CROSS ACADEMY INC. 4

 MODULE FOR SENIOR HIGH SCHOOL

Example: Countries with medium human development index are Argentina,

Brazil, Malaysia, Mexico,
Nigeria, North Korea, Qatar.
C. UNDERDEVELOPED COUNTRY
i. Nation with lack of industrialization and infrastructure
ii. Lack of developed agriculture, and developed natural resources
iii. Suffers from a low per capita income
Example: Countries with low human development are Niger, Central African
Republic, Pakistan,
Bangladesh, Nepal, Kenya, Uganda, Zimbabwe, Chad, Myanmar

THE STATE OF PHILIPPINE DEVELOPMENT

According to the Human Development Index
The Philippines placed 106th out of the 189 countries and territories in the 2019
Human Development Report, with a human development index (HDI) value of 0.712. This placed the
country at the tail end of countries with high human development group. “Between 1990 and 2018,
Philippines’ life expectancy at birth increased by 4.7 years, mean years of schooling increased by 2.8
years and expected years of schooling increased by 1.9 years. Philippines’ gross national income (GNI)
per capita increased by about 140.6% between 1990 and 2018” the study read.
Concepts: Success in entrepreneurship isn’t just about your idea or your money. Plenty of
people have interesting ideas or a lot of cash to throw around — and they never quite
manage to find success in their ventures.

If you want to be an entrepreneur, take a step back and evaluate whether or not you have
the following characteristics.

1. THEY TAKE WHAT THEY DO SERIOUSLY.

Entrepreneurs understand that the success of the business ultimately rests upon their
shoulders. When you run a start-up, whether or not rent is paid depends on how you run
the business. Because of this, all successful entrepreneurs take their work very seriously.
Exercise: Try to assess how you work. Try to train yourself to focus and know
when to work hard and long, on a particular or assignment or project.
2. THEY MAKE IT ALL ABOUT THE CUSTOMER
Customers are why a business exists. Their sales dollars determine the success of any
business. Successful entrepreneurs realize this early on and make their business about
the customers. Studies show that customers are four times more likely to switch to a
competitor if they have a customer service concern versus a price or product issue.
3. THEY MAKE THE BIG DECISIONS CAREFULLY.
Every decision has consequences, whether good or bad. Over time, those
consequences shape our reality and tell the story of our lives. Entrepreneurs who are
doing well take note and carefully identify the potential long-term effects of each decision,
while seeking counsel before making major decision.
4. THEY AREN’T SCARED OF THE ROAD LESS TRAVELED.
Following the crowd only leads to where others have been before. Successful
entrepreneurs aren’t afraid to venture out on their own with a company and blaze a new
trial. That’s their defining characteristic. Some of the best inventions and designs have
come from the minds of those who weren’t afraid to be different.
5. THEY HARNESS TECHNOLOGY.
Things change constantly, and they change especially quickly in business. To best serve
their customers, successful entrepreneurs keep up to date with the best technology can
offer to them. Take, for example, live chat. It can make a huge difference in your
company’s customer service results and overall growth.
6. THEY INVEST IN THEMSELVES.
You can’t make other people better unless you make yourself better first. Entrepreneurs
who are successful make a point to carve out time from their calendar and money from
their budget to invest in themselves. This investment may be further education or a well-
earned vacation. Either way, successful entrepreneurs find ways to recharge and propel
themselves further.
Exercise: Are you the person who is last to react, in a group? Or needs to be
pushed? On home front—do you wait to be told by your parents to do chores?
7. THEY ARE CONSTANTLY LEARNING.
There’s always something you don’t know and something else that has just been
discovered. Both are essential for entrepreneurs. You can’t build a business around
something you don’t know about, and you can’t improve products and services using
outdated methods. Entrepreneurs are always on the prowl to learn more about what
they do and what the competition is working on.
8. THEY’RE NOT AFRAID OF RISKS

HOLY CROSS ACADEMY INC. 5

 MODULE FOR SENIOR HIGH SCHOOL

The best things in life are often found on the other side of a worthwhile risk; in that
way, the best business you can build may be on the other side of possible failure.
Entrepreneurs don’t shy away from the unknown or the uncharted. They know that’s
where the future sales dollars and profits are. While uncalculated risks can cause terrible
consequences, calculated risks are the sweet spot of a new business venture.
9. THEY’RE WILLING TO EXPERIENCE FAILURE
Very few successful entrepreneurs have made it without living through some failure,
large or small. They realize failure is just information about what doesn’t work, not the end
of the journey. They continue trying long after most would have given up.
Exercise: Reflect on how you reacted the last time you encountered a setback or an
obstacle in your project, your studies, and relationship with friends. Did you get
discouraged? How long did you stay discouraged?
10. THEY ADAPT TO THE CURRENT NEEDS OF THE CUSTOMER AND MARKET
As conditions and society go through changes, so do the needs of customers. The
successful businesses of tomorrow will be those that learn how to meet those needs
quickly and don’t get left behind in the heap of non-adapters.
11. THEY KNOW HOW TO SELL THEMSELVES
Successful entrepreneurs know when something is valuable, even if no one else does
yet. They can explain and prove why their product or service is worth the price or
investment. Finding a way to sell yourself before anyone believes in you or your business
is the key to successful entrepreneurship
Exercise: Analyze what makes you lose confidence in yourself. Is it when people criticize
you? Or Do you lose confidence when you make mistakes?

12. THEY NETWORK, NETWORK, NETWORK

Not everyone is going to be jumping at the chance to use a new product and service,
and some still won’t adopt even after a lot of compelling information. So entrepreneur’s
network; not only to find clients, but also to meet others who share their passion and
desire and who can help them go even further.

FUNCTIONS OF AN ENTREPRENEUR
Some of the major functions of an entrepreneur are:
i) Identifying entrepreneurial opportunity – There are many opportunities in the
world of
business. These are based on human needs like food, fashion, education, etc., which are
constantly changing. These opportunities are not realized by common man, but an
entrepreneur senses the opportunities faster than others do.
ii) Turning ideas into action – An entrepreneur should be capable of turning his
ideas into reality. He collects information regarding the ideas, products, practices to suit the
demand in the market. Further steps are taken to achieve the goals in the light of the
information collected.
iii) Feasibility study – The entrepreneur conducts studies to assess the market
feasibility of the proposed product or services. He anticipates problems and assesses
quantity, quality, cost and sources of inputs required to run the enterprise. Such a blue print
of all the activities is termed as a ‘business plan’ or a ‘project report’.
iv) Resourcing – An entrepreneur needs various resources in terms of money,
machine, material, and men to running the enterprise successfully. An essential function of
an entrepreneur is to ensure the availability of all these resources.
v) Setting up of the Enterprise – For setting up an enterprise the entrepreneur
will have to fulfil some legal formalities. He also tries to find out a suitable location, design
the premises, install machinery and do many other things.
vi) Managing the enterprise – One of the important functions of an entrepreneur
is to run the enterprise. He has to manage men, material, and finance and organize
production of goods and services. He has to market each product and service, after ensuring
appropriate returns/ profits on the investment.
vii) Growth and Development – Once the enterprise achieves its desired results,
the entrepreneur has to explore another higher goal for its proper growth and development.
The entrepreneur is not satisfied only with achieving a set goal but constantly strives for
achieving excellence.

HOLY CROSS ACADEMY INC. 6

 MODULE FOR SENIOR HIGH SCHOOL

Topic: Management and Human Resource

Lesson Number: 3
Week Number: 3
Learning Targets: At the end of the lesson …
1. I can explain management and identify its four functions.
2. I can understand and demonstrate planning.
3. I can understand and demonstrate leading.
4. I can understand and demonstrate organizing.
5. I can understand and demonstrate controlling.
Concepts:

Management is a process of planning, decision making, organizing, leading,

motivation and controlling the human resources, financial, physical, and information
resources of an organization to reach its goals efficiently and effectively. Human Resource
Management- management of an organization’s workforce or people.

Process of Management
1. Planning- Identifying an organization’s vision, mission, goals, and strategies, as well as
the resources needed
in order to implement these goals and strategies. Several kinds of planning

a. Short-term planning- a week to one year

b. Medium-term planning- one to three years
c. Long-term planning- five years or more

Four main steps in planning process

a. Set the mission and vision- this set the over-all direction of the organization
Note: Vision – what the organization wants to be in the future (what an organization is
striving to become). They should be inspiring, challenging, brief, clear, and stable.
Mission- statement of what the organization actually does.
b. Set strategic goals and plans- cover the organization’s activities and usually
have time
period of three to five years
c. Set the operational goals and plans- outcomes to be achieved by a
department of the organization
d. Implement and monitor goals and plans

2. Organizing- Entails deciding on the necessary activities required to reach the goal or
objective. Important principle of organizing is Unity of command meaning each
employee should have only one supervisor to whom he is directly responsible for
certain matters.
3. Staffing- Involves identifying, attracting, hiring, and retaining people with the necessary
KSAOs.

HOLY CROSS ACADEMY INC. 7

 MODULE FOR SENIOR HIGH SCHOOL

4. Leading - Directing, motivating, and communicating with both groups and individual
employees to achieve
organization’s goals.
5. Controlling- Measuring and correcting actions of subordinates in order to ensure that the
overall objectives and plans are achieved. Controls in company have to be simple yet
effective.

References:

Macatangay, L. A. (2015). Entrepreneurship SHS. Makati City: Don Bosco Press, Inc. What is
Management? Definition, Concept, Features. Retrieved from
https://www.iedunote.com/management

Prepared by: Checked and

Noted by:

CHARMAINE R. RECANA, LPT S. MA. YOLANDA D.

CAPINA, RVM
Teacher School
Principal

HOLY CROSS ACADEMY INC. 8