Daily Lesson Log - Entrepreneurship - DLL PDF

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Session 1 Session 2 Session 3 Session 4I. OBJECTIVESObjectives must be met over the week and connected to the curriculum standards. To meet the objectives, necessary procedures must be followed and if needed, additional lessons, exercises and remedial activities may be done for developing content kn...

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GRADE 1 to 12

DAILY LESSON LOG

School MATATALAIB HIGH SCHOOL Teacher DR. LILLI ANN S. EMAAS Teaching Dates June 4-8, 2018 and Time

Session 1

I. OBJECTIVES

A. Content Standards

B. Performance Standards

C. Learning Competencies/ Objectives (Write the LC Code)

Session 2

Grade Level Learning Area Quarter

12 ENTREPRENEURSHIP FIRST

Session 3

Session 4

Objectives must be met over the week and connected to the curriculum standards. To meet the objectives, necessary procedures must be followed and if needed, additional lessons, exercises and remedial activities may be done for developing content knowledge and competencies. These are assessed using Formative Assessment strategies. Valuing objectives support the learning of content and competencies and enable children to find significance and joy in learning the lessons. Weekly objectives shall be derived from the curriculum guides.

The learner demonstrates understanding of key concepts, underlying principles and core competencies in Entrepreneurship.

The learner demonstrates understanding of key concepts, underlying principles and core competencies in Entrepreneurship.

The learner independently creates/provides a quality and marketable product and/or service in Entrepreneurship as prescribed in the TESDA Training Regulation The learners… Discuss the relevance of the course

The learner independently creates/provides a quality and marketable product and/or service in Entrepreneurship as prescribed in the TESDA Training Regulation The learners… Explain the key concepts of common competencies

The learner demonstrates understanding of key concepts, underlying principles and core competencies in Entrepreneurship. The learner independently creates/provides a quality and marketable product and/or service in Entrepreneurship as prescribed in the TESDA Training Regulation The learners… Explain the core common competencies of entrepreneurship

The learner demonstrates understanding of key concepts, underlying principles and core competencies in Entrepreneurship.

The learner independently creates/provides a quality and marketable product and/or service in Entrepreneurship as prescribed in the TESDA Training Regulation

The learners… Explore job opportunities for Entrepreneurship as a career.

Content is what the lesson is all about. It pertains to the subject matter that the teacher aims to teach. In the CG, the content can be tackled in a week or two.

II. CONTENT

INTRODUCTION 1. Relevance of the course

III. LEARNING RESOURCES

List the materials to be used in different days. Varied sources of materials sustain children’s interest in the lesson and in the learning. Ensure that there is a mix of concrete and manipulative materials as well as paper-based materials. Hands-on learning promotes concept development.

A. References 1. Teacher’s Guide pages 2. Learner’s Material pages

INTRODUCTION 2. Key concepts and common competencies

INTRODUCTION 3. Core competencies in Entrepreneurship

INTRODUCTION 4. Career opportunities

3. Textbook pages 4. Additional Materials from Learning Resource portal B. Other Learning Resources

Session 1

IV. PROCEDURES

Session 2

Session 3

Session 4

These steps should be done across the week. Spread out the activities appropriately so that the students will learn well. Always be guided by demonstration of learning by the students which you can infer from formative assessment activities. Sustain learning systematically by providing students with multiple ways to learn new things, practice their learning, question their learning processes and draw conclusions about what they learned in relation to their life experiences and previous knowledge. Indicate the time allotment for each step.

A. Reviewing previous lesson or presenting a new lesson

B. Establishing a purpose for the lesson C. Presenting examples/instan ces of the new lesson

“The entrepreneur always searches for change, responds to it and exploits it as an opportunity.” (Peter Drucker) The evolution of the field of entrepreneurship has been formulated by scholars based on theories that are rooted in economics, psychology, sociology, anthropology and management. Entrepreneurship has an enormous impact on the economy and in the society. Globally, the level of entrepreneurial activity has contributed significantly to the

DEFINITION OF ENTREPRENEUR 1. From an economist’s point of view  It is someone who brings resources, labor, materials and other assets into

“What is emerging today is a class of professional entrepreneurs who rely more upon their brains than their guts--and who have been trained to use both methods and technology to analyze the business environment.” (Dollinger)

“Entrepreneurship is the best means for youth to adapt to a changing and highly competitive job market in both rural and urban areas around the world” (OECD)

ENTREPRENEURIAL COMPETENCIES  Facilitate opportunity recognition,  help adapt rapidly to changes,  enhance business performance,

ENTREPRENEURSHIP CAREER OPPORTUNITIES FOR THE ACADEMIC TRACK 1. Business Consultant – people who can go to a client site, identify problems and fix them

national level of economic growth of many countries.

combinations that make their value greater than before  It is also someone who introduces changes, innovations and a new order. 2. From a psychologist’s point of view  A person who is typically driven by certain forces such as the need to obtain or attain something, to experiment, to accomplish or perhaps to escape the authority of others. 3. From a management perspective  It is someone who identifies opportunities, plans, mobilizes resources, manages and assumes the risks of a business to have a positive impact on society.

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strengthen the firm’s competitive position stir the achievement of organizational success. The sum total of the personality, skills and knowledge that the entrepreneur possesses which are necessary to effectively perform their functions and responsibilities According to Lau, Man and Chan (1999), entrepreneurial competencies are considered a higher level characteristic encompassing personality traits, skills and knowledge. Can be seen as the total ability of the entrepreneur to perform a job role successfully.

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D. Discussing new concepts and practicing new skills #1

ENTREPRENEURIAL ACTIVITIES  Entrepreneurial activity responds to policies that ensure the protection of new ideas, facilitate access to capital and talent, allow the management of risks  There are many efforts in various countries to uplift the lives of its citizens.  Entrepreneurship is one of the key engines of economic growth  Entrepreneurship is perceived to be the symbol of business innovation, determination, perseverance and achievement.

EMERGING CHARACTERISTICS OF ENTREPRENEUR

ENTREPRENEURS’ COMPETENCIES PORTFOLIO

PERSONAL CHARACTERISTICS ATTRIBUTED TO ENTREPRENEURS

10. The Functional Competencies are

Sales – knows how to represent a company, manage accounts and follow up on leads. Research and Development – the need to understand business concepts, systems, procedures and practices. Not-for-profit-fundraiser – understanding the importance of business and networking relationships Teacher – teach students how to increase their entrepreneurial intention through acquiring the attitude towards entrepreneurship Talent recruiter – someone being not just people savvy but having an in-depth business sense as well. Business reporter – one can write articles is in a prime position to take the lead on covering a local business beat. New Venture Creation – launching a company, buying a business or franchise, starting a new venture in a family enterprise or commercializing a technology Careers in existing entrepreneurial ventures – working for a startup, small business,

It is a catchword in this era of globalized economy  It is a foundation and catalyst for economic growth and innovation across nation  Small and Medium Enterprises (SMEs) are concrete manifestations of entrepreneurship.  Joseph Schumpeter, an Austrian economist, was the one who first articulated the importance of entrepreneurship to the economy and in the society in 1934. DEFINITION OF ENTREPRENEURSHIP FROM EARLY ON TO PRESENT ENTREPRENEURSHIP  Knight 1921 – having profits from bearing uncertainty and risk  Schumpeter 1934 – carrying out of new combinations of firm organization —new products, new services, new sources of raw material, new methods of production, new markets, new forms of organization  Hoselitz 1952 – uncertainty bearing… coordination of productive resources… introduction of innovations and provision of capital.  Cole 1959 – purposeful activity to initiate and develop a profit oriented business.  McClelland 1961 – taking moderate risk  Shapero 1975 – a kind of behavior that includes : initiative taking, organizing or reorganizing of social economic mechanisms to turn resources and situations to practical account and the acceptance of risk

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 Confidence  Flexibility  Need to achieve  Responsibility  Commitment  Creativity  Persevering  Goal-oriented  Realistic  Sincere  Hardworking  Visionary  Disciplined  Feedback seeking  Moderate risk-taker COMMON PROFILE DIMENSIONS OF ENTREPRENEUR APPLICABLE EVEN AMONG FILIPINO ENTREPRENEURS  Calculated risk-taking is doing everything possible to get the odds in their favor, often avoiding taking unnecessary risks.  Commitment is the unwavering dedication to work for the common good of the society through one’s business  Feedback-seeking is the taking of steps to know how well they are doing and how they might improve their performance.  Perseverance is the determination to succeed by overcoming obstacles and setbacks  Drive to achieve is the internal desire to pursue and attain challenging goals  Self-confidence is the belief that together with the other people, things can be done in the business.  Opportunity orientation is the constant

those skills, organized into clusters, regarding the main areas of managerial knowledge such as accountancy, finance, control, marketing, HR management, organization, operations, internationalization, strategy and other capabilities that enable the entrepreneur to manage the organization. 11. The Emotional Competencies are those specific behaviors grouped into five clusters namely: selfawareness, self-management, social awareness, relationship management and cognitive competencies. 12. The Cross-Functional Competencies are those broad overall skills that are grouped into goal and action management cluster, people management cluster and analytical reasoning cluster THE SIX COMPETENCIES  Opportunity competencies – related to recognizing and developing market opportunities through various means  Relationship competencies – related to person to person or individual to grouped based interactions, i.e., building a context of cooperation and trust, using contacts and connections, persuasive ability, communication and interpersonal skill.  Conceptual competencies – related to different conceptual abilities which are reflected in the behaviors

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failure Casson 1982 – decisions and judgements about the coordination of scarce resources. Ronstadt 1984 – dynamic process of creating incremental wealth. This wealth is created by individuals who assume the major risks in terms of equity, time and/or career commitment of providing value for some product or service. The product or service itself may or may not be new or unique, but value must somehow be infused by the entrepreneur by securing and allocating the necessary skills and resources. Drucker 1985 – behavior rather than personality trait. Its foundation lies in concept and theory rather than in intuition. Gartner 1985 – creation of new organizations Hisrich & Brush 1985 – process of creating something new with value by devoting the necessary time and effort; assuming the accompanying financial, psychic and social risks and uncertainties; and receiving the resulting rewards of monetary and personal satisfaction. Stevenson & Grousebeck 1989 – pursuit of opportunity without regard to resources currently controlled. Hart, Stevenson and Dial 1995 – pursuit of opportunity without regard to resources currently controlled, but constrained by the founders’ previous choices and industry related

awareness of opportunities that exist in everyday life.  Innovativeness is the ability to come up with something different or unique every time.  Responsibility is their willingness to put themselves in situations where they are personally responsible for the success or failure of the business operation.  Tolerance for failure is using it as a learning experience HOW ENTREPRENEURS THINK  Actuate self-assessment and choose course of action  Generate multiple decision models  Learn from failure

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of the entrepreneur, i.e., decision skills, absorbing and understanding complex information, risk-taking and innovativeness Organizing competencies – related to the organization of different internal and external human, physical, financial and technological resources, including team building, leading employees, training and controlling Strategic competencies – related to setting, evaluating and implementing the strategies of the firm Commitment competencies – competencies that drive the entrepreneur to move ahead with the business.

experience. Shane 2003 – an activity that involves the discovery, evaluation and exploitation of opportunities to introduce new goods and services, ways of organizing, markets, processes and raw materials thorough organizing efforts that previously had not existed.  Kuratko 2009 – dynamic process of vision, change and creation that requires an application of energy and passion toward the creation and implementation of new ideas and creative solutions.  Dyck and Neubert 2012 – conceiving an opportunity to offer new or improved goods or services, showing the initiative to pursue that opportunity, making plans, mobilizing the resources necessary to convert the opportunity into reality. CONTRIBUTIONS OF ENTREPRENEURSHIP TO THE ECONOMY AND SOCIETY 1. Create employment 2. Develop new markets 3. Introduces innovation 4. Generates new sources of materials 5. Stimulates investment interest in the new business ventures being created 6. Improves the quality of life 7. Serves as role models 8. Brings social benefits to the people 9. Utilizes and mobilizes indigenous resources 10. Provides more alternatives for consumers

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E. Discussing new concepts and practicing new skills #2

Entrepreneurs makes sense of complex situations more quickly and take more conventional approaches in making decisions.  Entrepreneurs’ critical and creative skills are utilized in decision making. FACTORS THAT DETERMINE THE ENTREPRENEURIAL DECISION-MAKING PROCESS 1. Rational/scientific method in decision making – this involves the use of standard six-step process to arrive at a decision. This scientific method requires the use of management quantitative techniques such as forecasting using time series or growth rate analysis,

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The students educated choice of TechnicalVocational track would ensure their motivation, lead to better achievement of the required skills, both personal and technical and increase their opportunities to enjoy satisfaction in their jobs and life. They will continue to use their acquired entrepreneurial skills in mastering skills and acquiring knowledge that would enable them to become self-employed , establish their own business or become more productive in paid employment. They can be electrician, technical support specialist, tool-keeper and technician

sensitivity analysis of financial data regression and correlation for market demands and PERT-CPM (Program Evaluation Review Technique = Critical Path Method) for production and distribution data.  Identify the problem  Gather data  Analyze data  Formulate alternative solutions  Select the best alternative  Implement the decision 2. Use of intuition in decision-making – this pertains to the use of “gut-feel” to arrive at a decision 3. Affect infusion – this suggests that entrepreneurs’ current moods influence judgments or decisions by influencing the ease with which information consistent with positive or negative moods can be brought to mind. 4. Attribution style – this refers to the entrepreneurs’ self-serving bias which are related to:  Strong tendency on the part of most entrepreneurs to attribute positive outcomes to internal causes, i.e., skill, talent, good judgment or hard work  Corresponding tendency of the entrepreneurs to attribute negative outcomes to external cause, i.e., high inflation rate, obsolete machine, unavailability of raw materials or unreliable suppliers. 5. Counterfactual thinking – this is understood as an “afterthought in

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F. Developing mastery (Leads to Formative Assessment)

EXAMPLES OF ENTREPRENEURSHIP IN 10 COUNTRIES 1. United States – noted to be one of the friendliest countries for entrepreneurs, home to Apple, Google, Starbucks, Walmart and Walt Disney 2.

China – home to budding entrepreneurs who manufacture different products that range from toys, gadgets, electronics and cars; a lot of products have generic brand names

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Singapore – literally a small country that controls a significant portion of

decision making in which the procedures followed to perform the task are discussed and various alternatives that could have been followed are considered.” Over-confidence – this refers to the tendency of the entrepreneurs to think that they know more than what they really know when they make the decision Knowing style – this is the combination of ‘analytical and conceptual thinking”, where the entrepreneurs look for facts and data before they make decisions. Creative style – this is characterized by “holistic and conceptual thinking, entrepreneurs who uses this style tend to be creative and enjoy experimentation before making decisions.

the economy in Asia, home to entrepreneurs who innovate on existing services for local and international use. 4.

Canada – entrepreneurs here are exploring opportunities over the internet such as the people from a region called Sanikiluag, known for their wood carving skills and entrepreneurs are selling their products online.

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India – one of the countries in the Asia Pacific rim with a strong base of entrepreneur organizations led by the youth and women.

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Taiwan – entrepreneurship here is encouraged through the small and medium enterprise incubation centers for the purpose of nurturing young firms, new products and technologies. *** incubators – provide space, facilities, hands on management assistance and access to technologies and financing to clients, helping them to survive and grow during the startup period. Hongkong – with the knowledge based economy, it utilizes its human resources to make its economy the best possible through entrepreneurship such as activities related to tourism and agricultural exports which receives strong support from government and private sector. Thailand – the extent...