Entrepreneurship Module 1.2 PDF

Entrepreneurship Module 1: Introduction to Entrepreneurship Let’s Set Your Targets Learning Competency/Competencies 1. Explore job opportunities for Entrepreneurship as a career. 2. Explain the core competencies in Entrepreneurship. Learn...

Entrepreneurship Module 1: Introduction to Entrepreneurship Let’s Set Your Targets Learning Competency/Competencies 1. Explore job opportunities for Entrepreneurship as a career. 2. Explain the core competencies in Entrepreneurship. Learning Objective/Objectives 1. Determine core competencies needed for entrepreneurial success. 2. Appreciate the importance and value of these competencies in the journey of starting a business. 3. Determine the various job opportunities in Entrepreneurship. Let’s Get Started It presents the essential attributes of a potential entrepreneur. The lesson is designed to help you assess your own traits and characteristics in order to evaluate whether you have what it takes to be an entrepreneur. It discusses as well the role of entrepreneurs in promoting economic growth in our country. Likewise, it explores the career opportunities in this course. 1 Page  Entrepreneurship Module 1.2: Core Competencies & Job Opportunities Let’s Begin Your Journey 10 Competencies for Entrepreneurial Success 1. Integrity 2. Conceptual Thinking 3. Risk Taking 4. Networking/Collaboration 5. Strategic Thinking 6. Commercial Aptitude 7. Decisiveness 8. Optimism 9. Customer Relation Service 10. People Centered CORE COMPETENCIES IN ENTREPRENEURSHIP Entrepreneurial Skills and Competencies Skills and Competency Factors: Negotiating 2 Planning Page  Entrepreneurship Risk assessing Purchasing Accounting Recruiting and training Selling Controlling Dealing with emergencies 1. The Entrepreneur as a Missionary 2. Entrepreneur is Goal Driven 3. The Entrepreneur is a Marketing Man 4. The Entrepreneur Starts Small to Become Big The Making of an Entrepreneur It is a dynamic process and an approach. It is a dynamic process of innovation and the creation of new opportunity for the creation of new venture. The Factors that Develop Entrepreneurial Activity 1. The Entrepreneur takes the initiative 2. Organization of capital resources 3. The Development of Administrative Machinery 4. The development of Entrepreneurial autonomy 5. The development of SWOT Analysis 3 Page  Entrepreneurship Characteristics of Innovator Entrepreneurs in Solving Problems 1. Looks at the problem on different angles. 2. Discovers the roots of the problem and develop avenues. 3. Develops basic assumptions and hypothesis. 4. Interested in the end results rather than the means to achieve it. 5. Capitalizes on people with bright ideas and talents. The Development of Entrepreneurship The Making of Filipino Entrepreneur is a process of trial and error. The colonization of the Filipino for more than 300 years is a great factor in the slow development of entrepreneurial activity in the country. Our concept of owning a small business like a sari-sari store, or a small tailoring shop, or market distribution outlet already makes the person an entrepreneur. Job Opportunities Entrepreneurship somehow can help the Philippine economy to uplift its performance in the worldwide competition in terms of economic level. a. Employment is one great factor in economic development b. Income opportunity in the countryside is still subsistence in nature The Starting Point to Entrepreneurial Success 1. Start to be on your own 2. Explore the business environment 3. Be in control 4 Page  Entrepreneurship 4. Have a good accountant or a trusted financial adviser 5. Seek the advice of professionals Profile of a Successful Entrepreneur 1. Strong desire for independence 2. Develops strong drive to succeed 3. Strong determination in decision making 4. Develops feedback mechanism for results 5. Results-driven individual Careers in Entrepreneurship 1. Mid-level management 2. Business consultant 3. Sales 4. Research and development 5. Fundraiser 6. Teacher 7. Recruiter 8. Business reporter Let’s Value Your Learning How Entrepreneurship creates opportunity? 5 Page  Entrepreneurship References 1. K to 12 BASIC EDUCATION CURRICULUM SENIOR HIGH SCHOOL – APPLIED TRACK SUBJECT: K to 12 Senior High School Applied Track Subject – Entrepreneurship December 2013 2. Pineda, A. (2019). Entrepreneurship Fundamentals. Mindshapers Co., Inc., Intramuros, Manila. 6 Page