SOBREVILLAJUNILYN-QUARTER-1-MODULE-1-nO-AK.docx

**TVE-ENTREPRENEURSHIP 3** **Quarter 1 -- Module 1:** **FAMILIARIZING BASIC CONCEPT OF ENTREPRENEURSHIP** **(Week [1-2])**   **TVE -- Grade 9** **Quarter 1 -- Module 1: Familiarizing Basic Concept of Entrepreneurship** **Republic...

**TVE-ENTREPRENEURSHIP 3** **Quarter 1 -- Module 1:** **FAMILIARIZING BASIC CONCEPT OF ENTREPRENEURSHIP** **(Week [1-2])**   **TVE -- Grade 9** **Quarter 1 -- Module 1: Familiarizing Basic Concept of Entrepreneurship** **Republic Act 8293, section 176** states that: No copyright shall subsist in any work of the Government of the Philippines. However, prior approval of the government agency or office wherein the work is created shall be necessary for exploitation of such work for profit. Such agency or office may, among other things, impose as a condition the payment of royalties. Borrowed materials (i.e., songs, stories, poems, pictures, photos, brand names, trademarks, etc.) included in this module are owned by their respective copyright holders. Every effort has been exerted to locate and seek permission to use these materials from their respective copyright owners. The publisher and authors do not represent nor claim ownership over them. **Printed in the Philippines by DepEd Cebu City Division, ROVII** Office Address: Imus Avenue, Cebu City Telefax: (032) 255-1516 / (032) 253-9095 E-mail Address: [[cebu.city\@deped.gov.ph]](mailto:[email protected]) **Introductory Message** For the facilitator: Welcome to the [Entrepreneurship 3] Alternative Delivery Mode (ADM) Module on [ Familiarizing Basic Concept of Entrepreneurship!] This module was collaboratively designed, developed, and reviewed by educators both from public and private institutions to assist you, the teacher or facilitator in helping the learners meet the standards set by the K to 12 Curriculum while overcoming their personal, social, and economic constraints in schooling. This learning resource hopes to engage the learners into guided and independent learning activities at their own pace and time. Furthermore, this also aims to help learners acquire the needed 21st century skills while taking into consideration their needs and circumstances. In addition to the material in the main text, you will also see this box in the body of the module: As a facilitator you are expected to orient the learners on how to use this module. You also need to keep track of the learners\' progress while allowing them to manage their own learning. Furthermore, you are expected to encourage and assist the learners as they do the tasks included in the module. For the learner: Welcome to the [Entrepreneurship 3] Alternative Delivery Mode (ADM) Module on [ Familiarizing Basic Concept of Entrepreneurship!] The hand is one of the most symbolized part of the human body. It is often used to depict skill, action, and purpose. Through our hands we may learn, create, and accomplish. Hence, the hand in this learning resource signifies that you as a learner is capable and empowered to successfully achieve the relevant competencies and skills at your own pace and time. Your academic success lies in your own hands! This module was designed to provide you with fun and meaningful opportunities for guided and independent learning at your own pace and time. You will be enabled to process the contents of the learning resource while being an active learner. This module has the following parts and corresponding icons: +-----------------------------------+-----------------------------------+ | ------------------------------- | This will give you an idea of the | | --------------------------------- | skills or competencies you are | | ------------------- ------------- | expected to learn in the module. | | -------------- | | | C:\\Users\\DEPED\\Desktop\\ADM | | | specs\\ADM cover and icons\\ADM I | | | cons\\Alamin2.jpg ***What I Nee | | | d to Know*** | | | ------------------------------- | | | --------------------------------- | | | ------------------- ------------- | | | -------------- | | +-----------------------------------+-----------------------------------+ | ------------------------------- | This part includes an activity | | --------------------------------- | that aims to check what you | | --------------------------------- | already know about the lesson to | | ----------- ------------------- | take. If you get all the answers | |  ***What I Know*** | | | ------------------------------- | | | --------------------------------- | | | --------------------------------- | | | ----------- ------------------- | | +-----------------------------------+-----------------------------------+ | ------------------------------- | This is a brief drill or review | | --------------------------------- | to help you link the current | | ------------------- ------------- | lesson with the previous one. | | ---- | | | C:\\Users\\DEPED\\Desktop\\ADM | | | specs\\ADM cover and icons\\ADM I | | | cons\\Balikan.jpg ***What's In* | | | ** | | | ------------------------------- | | | --------------------------------- | | | ------------------- ------------- | | | ---- | | +-----------------------------------+-----------------------------------+ | ------------------------------- | In this portion, the new lesson | | --------------------------------- | will be introduced to you in | | --------------------------------- | various ways such as a story, a | | --------- ------------------ | song, a poem, a problem opener, | |  ***What's New*** | | | ------------------------------- | | | --------------------------------- | | | --------------------------------- | | | --------- ------------------ | | +-----------------------------------+-----------------------------------+ | ------------------------------- | This section provides a brief | | --------------------------------- | discussion of the lesson. This | | ------------------ -------------- | aims to help you discover and | | ---- | understand new concepts and | | C:\\Users\\DEPED\\Desktop\\ADM | skills. | | specs\\ADM cover and icons\\ADM I | | | cons\\suriin.jpg ***What is It* | | | ** | | | ------------------------------- | | | --------------------------------- | | | ------------------ -------------- | | | ---- | | +-----------------------------------+-----------------------------------+ | ------------------------------- | This comprises activities for | | --------------------------------- | independent practice to solidify | | --------------------------------- | your understanding and skills of | | ----------- ------------------- | the topic. You may check the | |  ***What's More*** | | | ------------------------------- | | | --------------------------------- | | | --------------------------------- | | | ----------- ------------------- | | +-----------------------------------+-----------------------------------+ | ------------------------------- | This includes questions or blank | | --------------------------------- | sentences/paragraphs to be filled | | ------------------- ------------- | into process what you learned | | -------------- | from the lesson. | | C:\\Users\\DEPED\\Desktop\\ADM | | | specs\\ADM cover and icons\\ADM I | | | cons\\Isaisip.jpg ***What I Hav | | | e Learned*** | | | ------------------------------- | | | --------------------------------- | | | ------------------- ------------- | | | -------------- | | +-----------------------------------+-----------------------------------+ | ------------------------------- | This section provides an activity | | --------------------------------- | which will help you transfer your | | --------------------------------- | new knowledge or skill into real | | -------- --------------------- | life situations or concerns. | |  ***What I Can Do*** | | | ------------------------------- | | | --------------------------------- | | | --------------------------------- | | | -------- --------------------- | | +-----------------------------------+-----------------------------------+ | ------------------------------- | This is a task which aims to | | --------------------------------- | evaluate your level of mastery in | | ------------------- ------------- | achieving the learning | | ----- | competency. | | C:\\Users\\DEPED\\Desktop\\ADM | | | specs\\ADM cover and icons\\ADM I | | | cons\\Tayahin.jpg ***Assessment | | | *** | | | ------------------------------- | | | --------------------------------- | | | ------------------- ------------- | | | ----- | | +-----------------------------------+-----------------------------------+ | ------------------------------- | In this portion, another activity | | --------------------------------- | will be given to you to enrich | | --------------------------------- | your knowledge or skill of the | | ---------------------- ---------- | lesson learned. This also tends | | ------------------- | to retention of learned concepts. | |  ***Additio | | | nal Activities*** | | | ------------------------------- | | | --------------------------------- | | | --------------------------------- | | | ---------------------- ---------- | | | ------------------- | | +-----------------------------------+-----------------------------------+ | ------------------------------- | This contains answers to all | | --------------------------------- | activities in the module. | | ------------------------ -------- | | | ---------- | | | C:\\Users\\DEPED\\Desktop\\ADM | | | specs\\ADM cover and icons\\ADM I | | | cons\\Answer Key 2.jpg ***Answe | | | r Key*** | | | ------------------------------- | | | --------------------------------- | | | ------------------------ -------- | | | ---------- | | +-----------------------------------+-----------------------------------+ At the end of this module, you will also find: ------------------ --------------------------------------------------------------- ***References*** This is a list of all sources used in developing this module. ------------------ --------------------------------------------------------------- The following are some reminders in using this module: 1. Use the module with care. Do not put unnecessary mark/s on any part of the module. Use a separate sheet of paper in answering the exercises. 2. Don't forget to answer *What I Know* before moving on to the other activities included in the module. 3. Read the instructions carefully before doing each task. 4. Observe honesty and integrity in doing the tasks and checking your answers. 5. Finish the task at hand before proceeding to the next. 6. Return this module to your teacher/facilitator once you are through with it. ------------------------ --------------------------- --  ***What I Need to Know*** ------------------------ --------------------------- -- This lesson 1 discusses the concepts of entrepreneurship. It includes its meaning, objectives, importance, and role to socio-economic development. The module is divided into one lesson only, namely: - Lesson 1 -- Familiarize the Basic Concept of Entrepreneurship After going through this module, you are expected to: 1. give the importance of entrepreneurship; and 2. explain the role of entrepreneurship in socio-economic development. --------------------------------------------------------------------------------------- ------------------- C:\\Users\\DEPED\\Desktop\\ADM specs\\ADM cover and icons\\ADM Icons\\What I Know.jpg ***What I Know*** --------------------------------------------------------------------------------------- ------------------- **Multiple Choice:** Choose the letter of the best answer. Write the chosen letter on a separate sheet of paper. Please do not forget to write the following in your answer sheet: Name: \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ Gr. & Section: \_\_\_\_\_\_\_\_\_\_\_\_­­\_\_\_\_\_\_\_\_ Yr. Level & Subject (Specialization): \_\_\_\_\_\_\_\_\_ Module No: \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ Name of the Activity (e.g., What I know) \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ Date: \_\_\_\_\_\_\_\_\_\_\_\_ 1. Which of the following is the index of entrepreneurship? A. Developing a small elite class B. Transforming ideas into economic opportunities C. Searching, identifying, and developing raw materials D. Innovating and developing new products and services 2.Which of the following is NOT closely associated with entrepreneurship? A. Leadership B. Flexibility factors C. Change and creativity D Knowledge and innovation 3.What happens when entrepreneurial activities slow down? A. Quality of life is improved B. Tax revenues are increased C. Income are evenly distributed D. Country's unemployment rate goes up A. Entrepreneurship activities that slow down country's unemployment rate. B. Entrepreneurship helps the development of a handful of people getting rich through enterprise C. Entrepreneurship contribute significantly to the continuous Improvement of living standards. D. Entrepreneurship provides an opportunity for making unproductive use of capital resources. A. his family's needs B. his business competitors C. the way he carries himself to the public D. the demand for products or services in his community 6\. What is Entrepreneurship? A. Creating products and services B. Transforming ideas into economic opportunities C. Searching, identifying, and developing raw materials D. Is a process of creating, making and innovating products either food or merchandise and services in view of having or earning profit. 7. Which of the following defines the interplay or combination of the social and economic processes? A. Economy B. Socio-economic C. Entrepreneurial D Culture 8.What social problems will be solved after poverty is eradicated in the country because of entrepreneurship? A. crimes B. malnutrition C. juvenile delinquency D. A, B, and C 9\. What is the important factor in economic development? A. Business B. Creating of products and services C. Innovation D. Entrepreneurship 10.What is the definition of employment? A. unemployed B. no work at all C. creation of products and services D. It is a state of being employed or having a job. ------------ ----------------------------------------------------------------------- **Lesson** **Entrepreneurship: Familiarizing Basic Concept of Entrepreneurship** ------------ ----------------------------------------------------------------------- This lesson covers the basic concepts of Entrepreneurship. It is important that we know the basic concepts because it will be use and apply in conceptualizing our dream to become a successful entrepreneur. --------------------------------------------------------------------------------------------------------- -----------------  ***What's In*** --------------------------------------------------------------------------------------------------------- ----------------- It is better for you to remember the basic concept in entrepreneurship so that you will be guided with what, where, which, who and why entrepreneurship covers. This is also important to understand thoroughly and give us a hint of what is entrepreneurship all about. ------------------------------------------------------------------------------------ ------------------ C:\\Users\\DEPED\\Desktop\\ADM specs\\ADM cover and icons\\ADM Icons\\Tuklasin.jpg ***What's New*** ------------------------------------------------------------------------------------ ------------------ **Basic Concept of Entrepreneurship Defined** Basic Concept of Entrepreneurship are the ideas gathered describing entrepreneurship also these are sometimes called the "building blocks that a student knows about Entrepreneurship. These concepts help you to understand more and deeper about Entrepreneurship. To learn more and understand Entrepreneurship Basic concept is very essential in achieving and attaining success in Business. **Words to Study.** *Table 1. Keywords in entrepreneurship* ------------------ --------------------------------------------------------------------------------------------------------------------------------------- ***Word*** ***Definition*** Entrepreneurship is a process of creating, making and innovating products either food or merchandise and services in view of having or earning profit. Socio-economic It is the interplay or combination of the social and economic processes. Employment It is a state of being employed or having a job. Development The process of improving and changing for good. ------------------ --------------------------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------- ------------------  ***What is It*** -------------------------------------------------------------------------------------------------------- ------------------ One of the current issues under consideration now is "the problem of unemployment". As you can understand, the importance of getting work for all citizens has become a priority concern for the government. **Introduction to Entrepreneurship** Entrepreneurship comes from the greek word **"entreprende"** which means **"to undertake**. The word undertake is referring to the entrepreneurs. They are the one who will manage, organizes, and assume the risk of the business enterprise. **Everybody/anyone** can be an entrepreneur if resources such as money, machine, manpower and materials are available. Acquire skills and the courage to start or run an enterprise. The original entrepreneurs were the **traders** and the **merchants.** The first entrepreneur is **Benjamin Franklin**. In real state, franklin is the Americas first entrepreneur. The father of entrepreneurship is **Fran Jabara,** A successful Wichita businessman, founder of the Wichita State Center for Entrepreneurship and a mentor to many of the city\'s most successful businessmen, who died Saturday at 90, [[the Wichita Eagle reports.]](http://www.kansas.com/news/business/article28706071.html) **Entrepreneurship and Socio-Economic Development** - **Transforming ideas into economic opportunities is *the index of entrepreneurship.*** You only must be a keen observer of what is happening in your environment. There and then you can formulate what business you can later engage in. - **Entrepreneurship is the capacity for innovation, investment and creation and expansion in new markets, products, and techniques.** It has an extra ordinary feature which is the creation of something new or something unique. It is also a new way of making something out of something that already exists thus, creating new markets. - **Economically, entrepreneurship invigorates markets**. The formation of new business leads to job creation and has a multiplying effect on economy. - Socially**, entrepreneurship empowers citizens, generates innovation, and changes mindsets.** These changes have the potential to integrate developing countries into the global economy. - **Entrepreneurship is an important factor in economic development**. This means that a country or society with a lot of entrepreneurs would tend to be a productive community and thus produce wealth and spur economic development. The following benefits that result from entrepreneurship explain why development takes place when a society becomes entrepreneurial: 1. ***Entrepreneurship creates employment*** 2. ***Entrepreneurship improves the quality of life*** ***3.Entrepreneurship contributes to a more equitable distribution of income and therefore eases social unrest.***  ***What's More*** After the lesson is presented to you, you are now convinced that you can be an entrepreneur and that you can help alleviate poverty in our country. If you wish to start a business and become an entrepreneur, what will be your personal gains, community gain and country gain. Please do not forget to write the following in your answer sheet: Name: \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ Gr. & Section: \_\_\_\_\_\_\_\_\_\_\_\_­­\_\_\_\_\_ Yr. Level & Subject (Specialization): \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ Module No: \_\_\_\_\_\_\_ Name of the Activity (e.g., What I know) \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_Date: \_\_\_\_\_\_\_\_\_\_ **Activity 1. [Guess me!]** Choose the letter of the best answer. Write the chosen letter on a separate sheet of paper. 1.The business is restaurant. The Personal gain is\_\_\_\_\_\_\_\_\_\_? A. Clothing B. Jewelries C. Profit D. Watches 2\. The business is bakeshop.The Community gain is\_\_\_\_\_\_\_\_\_\_? A. Convenience B. Profit C. Clothing D. Jewelries 3\. The business is Salon. The Personal gain is\_\_\_\_\_\_\_\_\_\_? A. Food B. Profit C. Service D. Satisfaction 4\. The business is Retail Store. The Community gain is\_\_\_\_\_\_\_\_\_\_? A. Convenience B. Profit C. Service D. Satisfaction 5\. The business is Food Chain. The Country gain is\_\_\_\_\_\_\_\_\_\_? A. Money B. Clothing C. Jewelries D. Convenience ----------------------------------------------------------------------------------- --------------------------- C:\\Users\\DEPED\\Desktop\\ADM specs\\ADM cover and icons\\ADM Icons\\Isaisip.jpg ***What I Have Learned*** ----------------------------------------------------------------------------------- --------------------------- **Let us remember** Entrepreneurship can bring valuable benefits such as self-employment for people, improvement in goods and services, use of local raw materials, and increased income for themselves which help improves the quality of life of the people. ------------------------- ---------------------  ***What I Can Do*** ------------------------- --------------------- Please do not forget to write the following in your answer sheet: Name: \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ Gr. & Section: \_\_\_\_\_\_\_\_\_\_\_\_­­\_\_\_\_\_\_\_\_ Yr. Level & Subject (Specialization): \_\_\_\_\_\_\_\_\_\_\_\_\_ Module No: \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ Name of the Activity (e.g., What I know) \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ Date: \_\_\_\_\_\_\_\_\_\_\_\_ **Activity 2. [Remember me!]** Give what is asked. Fill out the table with the correct answer. -- -- -- -- ----------------------------------------------------------------------------------- ------------------ C:\\Users\\DEPED\\Desktop\\ADM specs\\ADM cover and icons\\ADM Icons\\Tayahin.jpg ***Assessment*** ----------------------------------------------------------------------------------- ------------------ **Multiple Choice:** Choose the letter of the best answer. Write the chosen letter on a separate sheet of paper. Please do not forget to write the following in your answer sheet: Name: \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_Gr. & Section: \_\_\_\_\_\_\_\_\_\_\_\_­­\_\_\_\_\_\_\_\_\_\_\_ Yr. Level & Subject (Specialization): \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ Module No: \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ Name of the Activity (e.g., What I know) \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ Date: \_\_\_\_\_\_\_\_\_\_ C. Transforming ideas into economic opportunity 2\. Our country will develop faster economically if all its resources are maximized. What benefits of entrepreneurship is being describe? 3.The formation of new business leads to job creation and has a multiplying effect on economy. What concept of entrepreneurship is being describe? A. Entrepreneurship is the capacity for innovation, investment and creation and expansion in new markets, products, and techniques. B. Socially, entrepreneurship empowers citizens, generates innovation, and changes mindsets. 5\. Entrepreneurs continuously innovate and develop new products and A. Economic growth B. Employment rate C. Unemployment rate D. Socio-Economic growth 7.Who can be an entrepreneur? A. only for the rich people B. anyone with enough resources and skills. C. only high government officials D. big capital or big-time businessmen and women 8.Which of the following choices is not considered as the function of an entrepreneur? A. manages B. organizes C. demand and desire D. assume the risk of the business enterprise 9.Who is the father of entrepreneurship? A. Fran Jabara B. Adam Smith C. David Mc Clleland D. Benjamin Franklin 10.What is the Greek word of entrepreneurship? A. Entreprende B. Entrepreneur C. Entreprendem D. Entrepreneurial ----------------------------------------------------------------------------------------------------------------------- -----------------------------  ***Additional Activities*** ----------------------------------------------------------------------------------------------------------------------- ----------------------------- How well did you do on answering the questions? Proceed and apply to show further you're understanding in practice. -- -- -- -- ---------------------------------------------------------------------------------------- ------------------ C:\\Users\\DEPED\\Desktop\\ADM specs\\ADM cover and icons\\ADM Icons\\Answer Key 2.jpg ***Answer Key*** ---------------------------------------------------------------------------------------- ------------------ ***References*** Management I. Experimental Education, 1993. http://www.isquare.com/qualities.cfm http: www.wikieducator.org/VUSSC/Content/Entrepreneurship/Starting-Up-a- \` Business/Objective https://ecorner.stanford.edu/articles/entrepreneurship-can-be https://www.bizjournals.com/wichita/blog/2015/07/fran-jabara-the-father-of-entrepreneurship-dies-at.html