Edukasyong Pantahanan At Pangkabuhayan with Entrepreneurship PDF

# EDUKASYONG PANTAHANAN AT PANGKABUHAYAN WITH ENTREPRENEURSHIP ## EDUC 109 The image shows a title slide for a course titled "Edukasyong Pantahanan At Pangkabuhayan with Entrepreneurship." It says EDUC 109 below the course title. The slide also shows an image of a table with three people, two men...

# EDUKASYONG PANTAHANAN AT PANGKABUHAYAN WITH ENTREPRENEURSHIP ## EDUC 109 The image shows a title slide for a course titled "Edukasyong Pantahanan At Pangkabuhayan with Entrepreneurship." It says EDUC 109 below the course title. The slide also shows an image of a table with three people, two men and a woman, one pointing at a tablet screen while another is holding a pen. The other person is looking at a phone. The image has a grey background with a pink background and a green pattern in the corners. ## Course Description * This course shall include pedagogical content, knowledge and skills in technology and livelihood education necessary in teaching and learning in the elementary level. Selected topics in agriculture shall form a major part of the course. Experiential learning approach shall be the focus of this course. ## What is Entrepreneurship? The image shows a large blue building as seen from below. The building has large glass windows and is surrounded by other buildings that are partially visible. The sky is blue and there are no clouds. ## Entrepreneurship is the process of starting and running a new business venture. * It involves identifying a need in the market and developing a product or service to meet that need. * It opens new opportunities and possibilities for the businesses to create values for themselves and for the society at large. ## Who are entrepreneurs? The image shows a collage of two images. One is a woman writing on a glass board with diagrams on it and another is a man pointing at a piece of paper with a chart on it. ## Entrepreneurs * **Manages** all the necessary resources to produce and market a product which responds to the market scarcity (Leibenstein, 1968; Bull & Willard, 1993) * **Recognize** opportunities where others see chaos, contradiction, and confusion. (Kuratko (2016, p.3) * **Carries out** new combinations, causing discontinuity. (Bull & Willard (1993, p. 186) ## Characteristics of Entrepreneurs - vision-oriented - risk takers - innovators - driven - resilient - Leaders - flexible - networks ## Q & A The image shows a cartoon of a woman sitting in a chair with a laptop, smiling. She is wearing red sweater and round red glasses. The background is white with a search bar, an icon for magnifying glass and Q&A written in bold. ## Types of Business Enterprise The image shows a white board with a woman writing on it. The woman is holding a marker in her right hand. The board shows a number of drawings. ### Types of Business Enterprise | Type | Description | | -------------------------------------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | **Single Proprietorship** | An unincorporated business owned by an individual and often managed by that same person. Single proprietors include physicians, lawyers, electricians, and other people in business for themselves. | | **Partnership** | An unincorporated business owned by two or more persons associated as partners. Often the same people who own the business also manage the business. | | **Corporation** | A business incorporated under the laws of a state and owned by a few stockholders or thousands of stockholders. | | **Cooperative** | A type of business owned and controlled by its members, who share in the profits and losses. They are also the customers of the business. | ## Characteristics of Single/Sole Proprietorship | Feature | Description | | --------------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | **Ownership** | Sole proprietor is the owner of the business. | | **Taxation** | The proprietor pays taxes on the business income as personal income. | | **Liability** | Owner is personally liable for all business debts and obligations. | | **Ease of formation** | Easy to form, requires minimal paperwork and legal steps. | | **Continuity** | The business depends on the proprietor, and its existence ceases if the proprietor leaves or dies. | | **Management** | The sole proprietor manages the business directly. | | **Fundraising** | Fundraising can be challenging due to limited access to capital, and the owner may need to rely on personal savings or loans. | | **Profits and Losses** | The proprietor receives all the profits but is also responsible for all the losses. | ## Characteristics of Partnership | Feature | Description | | --------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | **Shared ownership** | The partners, as a collective, hold ownership of the business. | | **Unlimited liability** | Partners are personally liable for the business's debts and obligations, even beyond their initial investment. | | **Joint Management** | Partners typically share in the management and decision-making processes of the business, though the specific roles and responsibilities can vary depending on the partnership agreement. | | **Profit Sharing** | Profits are shared among the partners, typically according to the terms of the partnership agreement. | | **Agency Authority** | Each partner has the authority to bind the other partners in business matters. | | **Flexibility** | Partnerships offer more flexibility than corporations in terms of operations and decision-making, as they are less bound by formal rules and regulations. While this provides agility, it also necessitates open communication and coordination among partners to ensure smooth operation and avoid conflicts. | | **Lower Costs** | Partnerships often involve lower setup and operational costs compared to corporations. | ## Characteristics of Corporation | Feature | Description | | ------------------ | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | **Separate legal entity** | A corporation is legally separate from its owners (shareholders). This means the corporation can own property, enter into contracts, sue, and be sued in its own name, separate from its owners' personal assets. This separation provides a crucial layer of protection for shareholders, as they are not personally liable for the corporation's debts and obligations. | | **Transferable ownership** | Shares in a corporation can be readily bought, sold, or traded. Owners can freely transfer their shares in the corporation without affecting the continued existence of the business. This open transferability contributes to the corporation's potential for growth and expansion, as it allows new investors to enter the company and existing owners to divest their shares or reduce their investment if desired. | | **Limited liability** | Shareholders are only liable for the amount they invest in the corporation. Their personal assets are protected from business debts and liabilities. This limited liability encourages investment and protects investors' personal finances. | | **Continuity of life** | A corporation's existence persists even if its owners change. This means the business can continue to operate even if the owners pass away or leave the company, ensuring stability and continuity. | ## Types of Entrepreneurial Business ### Types of Entrepreneurial Business | Type | Description | | --------------------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | **Manufacturing Business** | Any business that uses components, parts, or raw materials to make a finished good. These finished goods can be sold directly to consumers or to other manufacturing businesses that use them for making a different product. | | **Wholesaling Business** | The act of selling the products in bulk to another retailer, usually at a discounted price, who then sells the product to their customers. It is important to note that creating a wholesale channel for the business still allows you to sell your product to the end consumer. | | **Retailing Business** | Sells items or services to customers for consumption, use, or pleasure. They typically sell items and services in a store, but some items may be sold online or over the phone and then shipped to the customer. Examples of retail businesses include clothing, drug, grocery, and convenience stores. | | **Service Business** | An enterprise composed of a professional or team of experts that deliver work or aid in completing a task for the benefit of its customers. The product a service business delivers isn't like a product you buy at the store, such as a television, piece of clothing, or food item. | | **Agricultural Business** | Relates to industries that are engaged in farming or that produce farm inputs. Examples of agribusiness include farm machinery manufacturing, seed supply, and agrichemicals. In common usage, the term "agribusiness" usually refers to large agricultural companies in comparison with small, independent farms. | | **Mining/Extracting Business** | Mining industry indicates the cluster of processes that are involved with extraction, management, and processing of naturally occurring solid minerals from the earth's surface. As a product of mining, various economically valuable products might be obtained: coal, diamond, metallic ores, oil, and so on. | ## Q & A The image shows a cartoon of a woman sitting in a chair with a laptop, smiling. She is wearing red sweater and round red glasses. The background is white with a search bar, an icon for magnifying glass and Q&A written in bold. ## Products and Services The image shows a cartoon of a woman sitting in a chair with a laptop, smiling. She is wearing red sweater and round red glasses. The background is white with a search bar, an icon for magnifying glass and Q&A written in bold. * **A product** is a tangible item that is put on the market for acquisition, attention, or consumption. * **A service** is an intangible item, which arises from the output of one or more individuals. In fact, a majority of products carry with them an element of service. ### Different Types of Products | Type | Description | | ------------------------ | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | **Raw Materials** | Basic materials used in the production process. | | **Operating Supplies** | Items used to maintain the operation of the business. | | **Accessory Equipment** | Equipment that is not essential for the main production process but is used for added convenience or efficiency. | | **Major Equipment** | Essential machinery and tools required for production. | | **Capital Goods** | Durable goods intended for use in the production of other goods or services. | | **Convenience Products** | Items that are purchased regularly and with minimal effort. | | **Shopping Products** | Items that consumers compare based on factors like price, style, and quality before making a purchase. | | **Specialty Products** | Products that consumers are willing to put extra effort to find and purchase, often due to unique characteristics or brand loyalty. | | **Unsought Products** | Items that consumers aren't actively looking for but may purchase if they become aware of their need. | | **Components** | Parts or subassemblies used in the production of other goods. | ## Products and Services: Tangible vs. Intangible * **Tangible products** are physical goods that can be seen, touched, and stored. They include items like clothing, electronics, food, toys, and furniture. Tangible products are usually sold in stores and can be shipped to customers. * **Intangible products**, on the other hand, are products that lack physical form and exist only as ideas or concepts. They include services, experiences, digital products, and knowledge. Examples of intangible products include consulting services, software, music and video downloads, and insurance. These products can be delivered electronically or through experiences. ## Products and Services: Production vs. Interaction * **Production** refers to the process of creating and delivering a product or service. This can involve various stages, such as designing, manufacturing, testing, and packaging. The focus of production is on ensuring that the product or service is of high quality, is produced efficiently, and meets customer requirements. * **Interaction**, on the other hand, refers to the ways in which customers interact with a product or service. This can include physical interactions, such as using a product, or more abstract interactions. such as accessing information or support through a website. ## Products and Services: Perishable vs. Imperishable * **Perishable products** are those that have a limited shelf life and are susceptible to spoilage, decay, or degradation over time. * **Imperishable products** are those that do not spoil or lose value over time. They can be stored for extended periods without any adverse effects on their quality, appearance, or functionality. ## Thank You