2-SHS_ABM_G12_Q1_M2_ENTREPRENEURSHIP_Job-Opportunities_PDF

12 Department of Education National Capital Region SCHOOLS DIVISION OFFICE MARIKINA CITY 11ENTREPRENEURSHIP Explore Job Opportunities for Entrepreneurship as a Career...

12 Department of Education National Capital Region SCHOOLS DIVISION OFFICE MARIKINA CITY 11ENTREPRENEURSHIP Explore Job Opportunities for Entrepreneurship as a Career First Quarter-Module 2 Writer: Richelle Requinala, MBA, LPT Cover Illustrator/ Writer: Sheila Mae A. Malesido, MBA, LPT 1 City of Good Character DISCIPLINE GOOD TASTE EXCELLENCE  This module was designed and written with you in mind. It is here to help you develop knowledge, skills, and attitudes in the course of Entrepreneurship. The scope of this module permits it to be used in many different learning situations. The language used recognizes the diverse vocabulary level of students. The lessons are arranged to follow the standard sequence of the course. But the order in which you read them can be changed to correspond with the textbook you are now using. The module is divided into two lessons, namely:  Lesson 1 – Discuss the relevance of the course  Lesson 2 – Explore job opportunities for Entrepreneurship as a career. After going through this module, you are expected to: 1. Identify some character traits that are common among successful entrepreneurs. 2. Identify the entrepreneurial skills. 3. Discuss the concept of core competencies in the practice of entrepreneurship. 4. Explore job opportunities for Entrepreneurship as a career. Read each statement carefully and fill in the blanks with the correct answer from the box below. Skills Core Competency Character Traits Entrepreneurial Skills Competitive advantage Entrepreneurship _____________ 1. The combination of entrepreneurial concepts and principles, entrepreneurial character traits and entrepreneurial skills _____________ 2. Refers to the mark or attribute that distinguishes an entrepreneur from the owner of an ordinary small business. _____________ 3. The totality of the knowledge, practice or experience, and aptitude of a person. _____________ 4. The set of cognitive, technical, and interpersonal skills required in the practice of entrepreneurship. _____________ 5. Establishes the solid foundation of sustainability of the entrepreneurial venture in the heart of the competition. 1 City of Good Character DISCIPLINE GOOD TASTE EXCELLENCE List down at least five (5) Competencies in Entrepreneurship and five (5) Job Opportunities for entrepreneurship as a career. Write your answers in the spaces provided. Competencies in Entrepreneurship Job Opportunities for Entrepreneurship as a Career 1. 1. 2. 2. 3. 3. 4. 4. 5. 5. Explore Job Opportunities Le 2 for Entrepreneurship as a Career By this time, you have already gained substantial knowledge and understanding of entrepreneurial concepts and principles. However, your entrepreneurial journey does not end here. It is just the beginning. Basically, there is no specific formula as to what exactly the character and competency of a person in order should be to become successful entrepreneur. However, several studies reveal that there are character traits and competencies which are common among successful entrepreneur. Acquiring or developing them will equip you in your entrepreneurial journey. As you study and learn them, you must conduct an unsupervised self-assessment based on them. The basic rule in the entrepreneurial self- test is utmost honesty to yourself. Otherwise, intended results for this self-test cannot be achieved. 2 City of Good Character DISCIPLINE GOOD TASTE EXCELLENCE  Entrepreneurial Self-Assessment Survey This is not a test! This survey is for your personal information. Please answer each of the following questions as honestly as possible. Strongly Agree Somewhat Agree Strongly Disagree 5 4 3 2 1 1.I am willing to work 50 hours or more per week regularly. 2.My family will support my going into business. 3.I am willing to accept both financial and career risks when necessary. 4.I don't need all the fringe benefits provided by conventional employment. 5.I would like to take full responsibility for the successes and failures of my business. 6. I would experience more financial success by operating my own business. 7. I feel a great deal of pride when I complete a project successfully. 8. I have a high energy level that can be maintained over a long time. 9. I enjoy controlling my own work assignments & making all decisions affecting my work. 10. I believe that I am primarily responsible for my own successes and failures. 11. I have a strong desire to achieve positive results even when it requires a great deal of additional effort. 12. I have a good understanding of how to manage a business. 13. I can function in ambiguous situations. 14. One or both of my parents were entrepreneurs. 15. I believe that my abilities and skills are greater than those of most of my coworkers. 16. People trust me and consider me honest and reliable. 17. I always try to complete every project I start, regardless of obstacles and difficulties. 18. I am willing to do something even when other people laugh or belittle me for doing it. 19. I can make decisions quickly. 20. I have a good network of friends, professionals, and business acquaintances. TOTAL: Total the numbers you placed before the statements and enter the total in the space provided. 3 City of Good Character DISCIPLINE GOOD TASTE EXCELLENCE Score Assessment 80-100 You have outstanding ability to be 60-79 You have satisfactory ability to be an entrepreneur 40-59 Self-employment may not be an appropriate career for you 0- 39 You should probably avoid entrepreneurship Are you ready to step in the entrepreneurial world? Then let’s equip you more to develop the entrepreneurial traits and competencies in you. ENTREPRENEURIAL CHARACTER TRAITS, SKILLS, AND COMPETENCIES Entrepreneurial Character Traits Character Traits refers to the mark or attribute that distinguishes an entrepreneur from the owner of an ordinary small business. Based on studies conducted by the Small Enterprise Research and Development Foundation (SERDF) of the Trade and Industry (DTI), there are ten entrepreneurial characteristics grouped into three major cluster: Achievement cluster Planning cluster Power cluster Figure 1 Major Groupings of Entrepreneurial Characteristics 1. Achievement Cluster consists of entrepreneurial character traits that are directly related to the entrepreneur’s desire to be an achiever in the field of entrepreneurship. The entrepreneur ordinarily does not settle for mediocrity but instead aspires for quality. Entrepreneurs are achievers by nature and they strive to achieve. They feel guilty if they achieve less or nothing at all. Successful entrepreneurs constantly set the things to be achieved and repeatedly find ways to achieve them. The entrepreneur who belongs to the achievement cluster is: 4 City of Good Character DISCIPLINE GOOD TASTE EXCELLENCE  Opportunity- seeker Efficient and Committed Quality-oriented Persistent Risk-taker Figure 2. Characteristics of an Entrepreneur Who Aspires to Achieve Characteristics of an Entrepreneur Who Aspires to Achieve 1) Opportunity-seeker – He/She must possess the ability to identify with great ease the most appropriate entrepreneurial opportunities. A business opportunity-seeker is an entrepreneur who 1. sees and acts on new business opportunities; and 2. seizes unusual opportunities to obtain financing, equipment, land, work, space, or assistance. 2) Committed – A highly committed entrepreneur displays full commitment to the work or endeavor that he/she is undertaking. He/She 1. accepts full responsibility for what has been promised to the customers, 2. establishes proper coordination with and among workers, so that goods and services are delivered as promised, and 3. seeks to prioritize the satisfaction and interest of customers. 3) Persistent – Trials, sacrifices, and failures challenge the entrepreneur to be persistent. He/She learns to 1. take repeated or different actions in order to overcome the obstacles, 2. make personal sacrifices or exert extraordinary effort to complete the required task, 3. stick to his/her own judgement in times of opposition and failure. 4) Risk-taker – Successful entrepreneurs are busines risk-takers. There is risk entrepreneurship because of uncertainty. No one can predict exactly what will happen tomorrow. There are three (3) types of risk-takers: 1. An aggressive risk-taker is not scared to take any risks in business. 2. A moderate risk-taker is more calculative in taking risks. He/She analyzes the situation before taking the leap. 3. A conservative risk-taker in not very eager to take any kind of risk. He/She is satisfied with managing a small business and a regular clientele. 5) Efficient and Quality-oriented – A successful entrepreneur highly values efficiency and the concept of quality in all business undertakings. He/She 5 City of Good Character DISCIPLINE GOOD TASTE EXCELLENCE  1. Always performs the required tasks in accordance with existing standards of excellence or continuously improves on his/her past performance and 2. Strives to do things better and faster with minimal cost. 2. Planning Cluster is a set of characteristics of successful entrepreneurs that basically supports the character traits in the achievement cluster. This does not mean, however, that there is hierarchy in the cluster of entrepreneurial character traits. The entrepreneur who belongs to the planning cluster is: Goal-setter Information- seeker Systematic in planning and monitoring Figure 3. Characteristics of a Planner 1) Goal-setter – Goals and objectives are the guiding points that direct all actions, efforts, and struggles of the entrepreneur. Being a goal-setter, a successful entrepreneur sets clear, specific, and well-defined short-and-long term goals and objectives. Although goals and objectives may appear similar, goals are long-term while objectives are short-term. In setting the goals and objectives of the business venture, the entrepreneur is usually guided by the SMART principle. This means that the goals and objectives are Specific, Measurable, Achievable, Realistic, and Time-bound. 2) Information-seeker – These must be based not on their whims and caprices but on specific and relevant economic, financial, and industry data. Successful entrepreneurs, in other words, primarily seek a strong basis to make sound decisions. The usual constraints or limitations encountered in the gathering of information are data banks that: 1. Are incomplete, dated, and irrelevant; 2. Are costly in maintenance; and 3. Lack personnel to maintain them. A successful information-seeker: 1. Seeks relevant information on target customers, suppliers of raw materials, and competitors; 2. Verifies available information from various sources, both private and public, like printed materials and agencies; 3. Seeks opinions and advice from experts in the business field; 4. Finds other possible ways to make sure that the desired information is complete. 6 City of Good Character DISCIPLINE GOOD TASTE EXCELLENCE 3) Systematic in planning and monitoring – The term systematic implies that there is a rational and logical approach in performing the activities. There are step-by-step procedures that are scientifically designed to be followed in the preparation of plans and monitoring of activities. Planning simply refers to the setting of goals and objectives. Monitoring, on the other hand, refers to the evaluation of the activities and adopted courses of actions whether they are carried in accordance with the plans. A successful entrepreneur adopts a systematic and coordinated planning and monitoring activities where he/she: 1. Gathers all the qualitative and quantitative information before formulating the plans, 2. Develops a logical step-by-step approach in the formulation of plans. 3. Monitors the progress of activities and switches to alternatives strategies when deemed necessary; and 4. Evaluates constantly the alternatives in achieving the goals. 2. Power Cluster includes a set of character traits that reflect the degree of the interpersonal relations maintained by successful entrepreneurs in the community. It establishes the relationships of the entrepreneurs with the suppliers of raw materials, financial institutions, customers, competitors, the government, employees, and all other stakeholders. An entrepreneur in the power cluster is: 1) A Persuasive and Positive networker – Successful entrepreneurs are persuasive and can easily influence and win over to their side the other stakeholders in business such as customers, suppliers, and prospective creditors. As a persuasive and positive networker, the successful entrepreneur usually: 1. Adopts specific strategies that will influence and convince others while maintain the highest degree of respect, and 2. Makes use f positive contacts in the business community in order to meet the goals and objectives of the business endeavor. 2) Self-confident – Successful entrepreneurs are known to have a high level of self- confidence. They project a favorable image of themselves which is founded on respect and good deeds in the business community. Entrepreneurial Skills Without the required skills, a person can hardly succeed in a particular business endeavor, perform the assigned specialized tasks, or even truly become a successful entrepreneur. Hence, skills play a significant role in the practice of entrepreneurship. Skills are considered as the personal abilities to do things well. They come from the totality of the knowledge, practice or experience, and aptitude of a person. Skills are acquired and developed by a person through constant and correct practice. They connote dexterity, excellence, and expertise in the performance of particular tasks. They are clear manifestations of the abilities of a person to carry out complex tasks. 7 City of Good Character DISCIPLINE GOOD TASTE EXCELLENCE  Knowledge SKILLS Aptitude Practice/ Experience Figure 4. The Sources of Skills Entrepreneurial Skills refer to the set of cognitive, technical, and interpersonal skills required in the practice of entrepreneurship. 1. Cognitive Skills refer to the mental ability of the entrepreneur to learn new things, generate ideas, and express knowledge in both oral and written forms. The human brain is responsible for the development of cognitive skills, which are essentials in making systematic and effective plans and monitoring them. Cognitive Skills Figure 5. The Brain as the Center of Cognitive Skills The cognitive skills of entrepreneur include the following: 1. Ability to understand written materials. 2. Ability to learn and apply new information. 3. Ability to solve problems systematically. 4. Ability to create new ideas. 5. Ability to innovate new products and procedures or methods. 2. Problem-solving Skills. In making a business decision, the entrepreneur adopts the scientific approach instead of making an intuitive decision. The scientific approach in solving business problems involves: 1. Defining the real problem, 2. Gathering information about the problem, 3. Formulating alternative solutions, 4. Evaluating alternative solutions, 5. Selecting and implementing the optimal solution, and 6. Evaluating the decisions. 3. Technical Skills. The result of final output of cognitive skills may not be very effective unless put into reality through the application of technical skills. Technical skills are not only significant in entrepreneurship but also in other fields. For entrepreneurs, these skills relate to their knowledge and proficiency in a specialized field like computer technology, accounting, marketing, operations research, engineering, medical fields, or other related technical fields. 8 City of Good Character DISCIPLINE GOOD TASTE EXCELLENCE  The technical skills of an entrepreneur include proficiency and ability, among others, in the following areas: 1. Information technology 2. Feasibility study and business plan preparation 3. Technical writing skills 4. Marketing 5. Management and Finance 4. Interpersonal Skills are basically about the relationship and interaction of the entrepreneur with the workers, suppliers, creditors, prospective customers, and other members of the business community. Interpersonal skills of an entrepreneur may include, among others, the following: 1. Skills in verbal communication. 2. Skill in non-verbal communication 3. Skills in listening 4. Skills in leading 5. Skills in negotiating They must be developed and enhanced to equip the entrepreneur in 1. Saying what he/she wants to say and how he/she says it; 2. Working with his/her workers and employees; 3. Relating, negotiating, and dealing with his/her customers, suppliers, and creditors; and 4. Communicating his/her ideas, beliefs, values, and opinions to the people he/she works with. Core Competencies A person who aspires to become a successful entrepreneur must fully understand and apply the concepts and principles of entrepreneurship. He/She must possess and internalize the character traits that are common among successful entrepreneurs. Entrepreneurial Entrepreneurial concepts and principles character traits Entrepreneurial skills Entrepreneurial Competency Figure 6. The Entrepreneurial Competency 9 City of Good Character DISCIPLINE GOOD TASTE EXCELLENCE  The entrepreneurial competency indicates that successful entrepreneurs possess a full understanding of the concepts and principles of entrepreneurship, strong character traits, and sufficient and competent entrepreneurial skills. Entrepreneurial competency provide competitive advantage in the venture and becomes the core competency. Core Competency is defined as the combination of entrepreneurial concepts and principles, entrepreneurial character traits and entrepreneurial skills that provide and become the ultimate source of competitive advantage of the entrepreneur. Entrepreneurial as the Entrepreneurial competency source of competitive advantage Figure 6. The Entrepreneurial Competency as Source of Competitive Advantage The competitive advantage refers to the strategic position and condition of the entrepreneurial venture that : 1. Provides the necessary attributes to outperform competitors, 2. Distinguishes the venture from competitors. 3. Achieves superior performance in the industry, and 4. Produces a product or develops production methods that can hardly be copied by competitors. The competitive advantage generally establishes the solid foundation of sustainability of the entrepreneurial venture in the heart of the competition. Total Perspective of Successful Entrepreneur A successful entrepreneur overcomes all obstacles and problems in entrepreneurship. Equipped with character traits common among Fully understands successful entrepreneurs Acquires, develops, and entrepreneurial concepts and sharpens entrepreneurial principles skills (cognitive, technical, and interpersonal skills) Core Competency defining Competitive Advantage Strategic Support Figure 7. The Total Perspective of Successful Entrepreneur 10 City of Good Character DISCIPLINE GOOD TASTE EXCELLENCE To ensure victory as a future as a future, you must 1. Understand fully the concepts and principles of entrepreneurship; 2. Internalize and live out the character traits that are common among successful entrepreneurs; and 3. Acquire, develop, sharpen, and focus your entrepreneurial skills. Doing all of these will define your core competencies and provide and establish your competitive advantage in the business world. What makes a Successful Entrepreneur? 1. The urge for achievement (most often monetary ambitions) – Most Important 2. Willingness to take moderate risks – (High risk takers are not entrepreneurs but gamblers). 3. Determination to win 4. Win– Win Personality 5. Ability to identify & explore opportunities 6. Analytical ability to take strategic decisions 7. Perseverance 8. Flexibility 8. Capacity to plan and organize 9. Preparedness to undergo physical and emotional stress 10. Positive self-concept/Self-belief 11. Future orientation – Vision 12. Ethics and Values – Mission Who can be an Entrepreneur? 1. Who feels the need for achievement 2. Who can take moderate risks 3. Who possess skills in organizing 4. Who can capitalize on opportunities 5. Who has some financial strength – On his own or borrowed 6. Who has ability to work hard 7. Who has desire for responsibility 8. Who has a clear perception of probability of success 9. Who gets stimulation by feedback 10. Anyone – He can be male, female or even a Eunuch 11. Who does not have previous experience How are Entrepreneurial Traits related to Venture Growth? Traits are individual characteristics, or qualities, that differ among people. When you describe a person as being passionate, you are talking about a specific trait that this person has. Traits that are the driving force behind entrepreneurial competencies, motivations, and competitive strategies that support venture success. The relationship between traits and venture growth highlights the significant role of the entrepreneur in business ventures. While many factors are important, the right entrepreneurial traits create a strong foundation for the construction of a successful venture. 11 City of Good Character DISCIPLINE GOOD TASTE EXCELLENCE Which mechanisms do competencies impact entrepreneurial performance?  Venture Opportunities. More competent entrepreneurs choose to exploit better venture opportunities: both in terms of quality and fit.  Venture Strategy. The more competent an entrepreneur is, the more likely they are to formulate superior strategies that fit their business.  Venture Growth. Many entrepreneurs find themselves underprepared to manage growth related transitions in an effective way. “Entrepreneurs who possess competencies related to transitioning organizations from one stage of development to another are better prepared to weather stage-related problems, effectively leading a growing venture to new tiers of success”. Job Opportunities for Entrepreneurship as a Career For the TECHVOC Track Other TECHVOC Track  Cook/Chef Fine Arts  Automotive mechanic  Artist  Electrician  Graphic designer  Technical support specialist  Photographer  Tool keeper and technician  Art gallery manger  Network support Associate  Film director  Mechanical technologist Fashion Designing For the Academic Track  Designer wear production  Business consultant.  Fashion marketing, planning and  Management analysts. concept management  Sales Manager  Fashion media design management  Research and Development Director.  Fashion accessory design, quality  Not-for-Profit Fundraiser control, and promotion brands  Teacher  Costume designer  Talent Recruiter  Fashion consultant and personal stylist  Business Reporter  Technical designer and graphic  New Venture Creator designer  Intrapreneur  Fashion coordinator  Online business owners  Home-based business owners Sports  Inventors.  Health club manager  Strength, wellness or conditioning coach  Fitness program or event planning manager  Professional or amateur team manager  Sports facility manger  Corporate fitness director  Rehabilitation center director  Nutrition center manager 12 City of Good Character DISCIPLINE GOOD TASTE EXCELLENCE Small Business and Ordinary Small Business A small business is different from an ordinary small business. Small business refers to a business or enterprise that correctly adopts and practices the principles of entrepreneurship. It is owned by one person with a limited workforce of not more than 20 persons. The term also includes the Small and Medium Enterprises (SMEs) that have been strongly promoted by both government and Non-Governmental Organizations (NGOs) in their desire to improve the lives of the Filipino people through entrepreneurship. List of most common small businesses in the Philippines:  Sari – sari store  Spa, gym, and nail care business  Rice retailing  Video and photography business  Food cart business  Tutorial business  Printing business  Baking business  Buy-and-sell business  Web site development and  Street food business design/blogging  Flea market business or Tiangge  Direct selling business  Online selling business  Car wash and car care business  Cellphone loading business  Bar, café, and restaurant  Laundry and dry-cleaning  Water station and LPG (liquefied business petroleum gas) station  Hair styling and makeup business Franchising - A business arrangement wherein the franchisor, who is the owner of the business, acquires distribution centers through the franchisees or the affiliated dealers. Entrepreneur Philippines’ franchise business options in the Philippines: Franchise or Startup Businesses  Bakeries, bakeshops, and bread  Food and snacks products  Gas stations/petroleum products  Bars, cafes, and coffee shops  General merchandise and retail  Beverage and confectionery  Health and wellness (salon,  Car care massage, spa, and gym)  Clothing and accessories  Schools (Private)  Convenience stores  Services (personal and business)  Drug stores and pharmacies  Waters stations  Fast food establishments and restaurants Other Additional Business Opportunities  Dealerships  Direct selling  Distributorship 13 City of Good Character DISCIPLINE GOOD TASTE EXCELLENCE Identify which Entrepreneurial Character Traits describe in each statement. Write your answers in the spaces provided. ______________ 1. Accepts full responsibility for what has been promised to the customers. _______________ 2. Sees and acts on new business opportunities _______________ 3. Strives to do things on his/her past performance. _______________ 4. Seeks relevant information on target customers, suppliers of raw materials, and competitors. _______________ 5. Have strong trust or belief in himself/herself. _______________ 6. Sets goals and objectives in accordance with the SMART principle. _______________ 7. Develops a logical step-by-step approach in the formulation before formulating the plans. _______________ 8. He/ She still takes all the precautionary measures before engaging in a particular business endeavor. _______________ 9. Adopts specific strategies that will influence and convince others while maintaining the highest degree of respect. _______________ 10. Make personal sacrifices or exert extraordinary effort to complete the required task. Answer the following questions briefly: 1. Identify the set of character traits under the achievement, planning and power clusters. From each cluster, choose one character trait that in your opinion best describes you. Provide one personal experience for each that demonstrates that trait. ___________________________________________________________________________ ___________________________________________________________________________ ___________________________________________________________________________ ___________________________________________________________________________ ___________________________________________________________________________ ___________________________________________________________________________ 2. Describe the importance of knowing oneself in the field of entrepreneurship. ___________________________________________________________________________ ___________________________________________________________________________ ___________________________________________________________________________ ___________________________________________________________________________ ___________________________________________________________________________ ___________________________________________________________________________ 14 City of Good Character DISCIPLINE GOOD TASTE EXCELLENCE  3. Describe the significance of core competency. ___________________________________________________________________________ ___________________________________________________________________________ ___________________________________________________________________________ ___________________________________________________________________________ ___________________________________________________________________________ ___________________________________________________________________________ 4. Explain the concept of entrepreneurial competency and its importance in the practice of entrepreneurship. ___________________________________________________________________________ ___________________________________________________________________________ ___________________________________________________________________________ ___________________________________________________________________________ ___________________________________________________________________________ ___________________________________________________________________________ Your output will be rated by using the scoring rubric below: AREAS OF (2) (3) (4) (5) ASSESSMENT UNSATISFACTORY NEEDS SATISFACTORY OUTSTANDING IMPROVEMENT Content and Content is Major points Major points Major points Development incomplete or not are addressed are stated are stated clear but not well clearly and are supported well supported A. In a separate bond paper, select a product, present it using any available materials or resources. Show importance of your product in terms of health benefits, preservation of the environment, and other related social concerns. B. Identify your present cognitive skills and those that you wish to acquire and develop and list them down in a table. Follow the format below. Write a short explanation on the spaces provided on how you are going to enhance your present skills and how are you going to acquire the others. My Present Cognitive/Technical/ Cognitive Skills that I Want to Interpersonal Skills Acquire and Develop 15 City of Good Character DISCIPLINE GOOD TASTE EXCELLENCE __________________________________________________________________________________ __________________________________________________________________________________ __________________________________________________________________________________ __________________________________________________________________________________ __________________________________________________________________________________ __________________________________________________________________________________ __________________________________________________________________________________ __________________________________________________________________________________ __________________________________________________________________________________ A. Choose the letter of the best answer. Write your answers in the separate sheet of paper. 1. All are entrepreneurial skills, except: a. Cognitive Skills c. Problem-solving skills b. Planning skills d. Technical skills 2. Which of the following does not belong in the combination of entrepreneurial core competency? a. Character traits c. Skills b. Concepts and Principles d. Success and Wealth 3. Based on the studies conducted by SERF of DTI, the characteristics of an entrepreneur are grouped in into three clusters, except: a. Achievement c. Planning b. Commitment d. Power 4. If Goal-setter: Planning Cluster; Risk-taker: _______________. a. Achievement cluster c. Planning b. Planning cluster d. Power 5. If negotiating: _______________; technical writing: Technical skills a. Cognitive skills c. Problem-solving skill b. Interpersonal skills d. None of the above 16 City of Good Character DISCIPLINE GOOD TASTE EXCELLENCE  B. Write TRUE if the statement is correct, and if it is false, change the underlined word or phrase to make it correct. 1. A quality-oriented entrepreneur produces goods that are of high quality in all business undertakings. 2. Problem-solving skills refer to mental ability of the entrepreneur. 3. The entrepreneurial character trait provides competitive advantage in the venture and becomes the core competency. 4. Skills are totality of the knowledge, practice or experience, and aptitude of a person. 5. Planning simply refers to the setting of goals and objectives. OFFLINE ACTIVITY A. On the table below, write your goals and objectives in life, the time you aim to accomplish them, and the possible problems that you may encounter. Label your output “I am the captain of my ship.” Follow the format below and explain your answers on the spaces provided. I AM THE CAPTAIN OF MY SHIP Expected to Possible Goals Objectives Accomplish problems __________________________________________________________________________________ __________________________________________________________________________________ __________________________________________________________________________________ __________________________________________________________________________________ __________________________________________________________________________________ __________________________________________________________________________________ __________________________________________________________________________________ __________________________________________________________________________________ __________________________________________________________________________________ 17 City of Good Character DISCIPLINE GOOD TASTE EXCELLENCE  B. Fill the blanks in each column. I KNOW MYSELF How I will use my How I will strengths to My strengths My weaknesses strengthen my conquer weaknesses opportunities __________________________________________________________________________________ __________________________________________________________________________________ __________________________________________________________________________________ __________________________________________________________________________________ __________________________________________________________________________________ __________________________________________________________________________________ __________________________________________________________________________________ C. Based on the skills and competencies that you had assessed in you, what may be the best entrepreneurial job opportunities you had in mind that you want to explore. Explain. __________________________________________________________________________________ __________________________________________________________________________________ __________________________________________________________________________________ __________________________________________________________________________________ __________________________________________________________________________________ __________________________________________________________________________________ 18 City of Good Character DISCIPLINE GOOD TASTE EXCELLENCE Book Aduana, Nick L. Entrepreneurship in Philippine Setting for Senior High School, 2017, C & E Publishing Inc., Quezon City Venkateswara Rao, Smt. Ch. Hema Venkata Siva Sree, Miss. K. Rnjya Ltkshmi. Entrepreneurial Competencies, 2018. Rao, V., et al., 2018 Online Source http://www.entre-ed.org/Standards_Toolkit/index.htm https://www.academia.edu/8378931/Are_Entrepreneurs_Born_or_Made https://susanbock.com/wp-content/uploads/2018/10/Entrepreneurial-Self- Assessment.pdf https://www.indeed.com/career-advice/career-development/types-of- entrepreneurship https://www.indeed.com/career-advice/career-development/types-of- entrepreneurship https://entrep1pp-180116161831.pdf https://heartrepreneur.com/small-business-owner-definition/ City of Good Character 19 DISCIPLINE GOOD TASTE EXCELLENCE  Development Team of the Module Writers: Sheila Mae A. Malesido MBA, LPT (SEHS) Richelle C. Requinala MBA, LPT (CIS) Internal Reviewers: Emily G. Santos (PSDS), Dunhill Jan E. Elmido (NHS), Eva Montana (MHS), Sylvette G. Sabaupan (NHS) External Reviewer: Kervin Rey G. Torente, Ateneo De Manila University Cover Illustrator/ Layout Artist: Sheila Mae A. Malesido MBA, LPT (SEHS) Management Team: Sheryll T. Gayola Assistant Schools Division Superintendent OIC, Office of the Schools Division Superintendent Elisa O. Cerveza Chief, Curriculum Implementation Division OIC, Office of the Assistant Schools Division Superintendent Emily G. Santos Public Schools District Supervisor Ivy Coney A. Gamatero EPS– Learning Resource Management and Development System For inquiries or feedback, please write or call: Schools Division Office- Marikina City Email Address: [email protected] 191 Shoe Ave., Sta. Elena, Marikina City, 1800, Philippines Telefax: (02) 682-2472 / 682-3989