ABM Grade 12 Modules and activities! 2022-2023

Entrepreneurship part1

Know: Entrepreneurship is the creation or extraction of economic value. The one who organizes, manages, and assumes the risks of a business or enterprise

Want to know: what is normally encountered in starting a business, which may include other values than simply economic ones.

I have learned that entrepreneurship is the act of creating a business or businesses while building and scaling it to generate profit. An important driver of economic growth and innovation. And about building a life on your own terms.

Relevance of Entrepreneurship to SHS Students:

1. Entrepreneurship allows students to learn more than just their chosen field of study, and creates an interdisciplinary environment to work and develop in.

2. What are the concepts and relevance of entrepreneurship in our everyday life nowadays.

3. I have learned that the it exposes students to numerous opportunities to learn how to think critically and analyze different situations. Being aware of all the important factors and learning the foundation of a smart decision-making process. Exposed students to real-world examples and learn from their own experience.

Personal Competencies
1. Self-awareness
2. Self-management

Interpersonal Competencies
1. Self-confidence
2. Positive attitude

Business Competencies
1. Resource management
2. Negotiating skills

Core Competencies
1. Consistently high quality
2. Incomparable value

Common Competencies
1. Social awareness
2. Perseverance

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Entrepreneurship is....
1. the act of creating a business or businesses while building and scaling it to generate profit.
2. an important driver of economic growth and innovation.
3. what the people do to take their career and dreams into their hands and lead it in the direction of their own choice.
4. about building a life on your own terms. No bosses. No restricting schedules. And no one holds you back.

An Entrepreneur is....
1. a person who sets up a business with the aim to make profit and creates a new business, bearing most of the risks and enjoying most of the rewards.
2. an innovator, a source of new ideas, goods, services, and business/or procedures.
3. playing a key role in any economy, using the skills and initiative necessary to anticipate needs and bring good new ideas to market.

Importance of Entrepreneurship...

1. Entrepreneurship generates new wealth in the economy.
2. Entrepreneurship decreases poverty.
3. It creates opportunities, ensures social justice, instills confidence and stimulates the economy.
4. Entrepreneurship improves productivity.
5. Entrepreneurs create jobs.
6. Entrepreneurs innovate.
7. Entrepreneurs create innovation and social change.
8. Entrepreneurs give to society.

Relevance of Entrepreneurship to SHS Students...

1. To prepare students for livelihood even before college.
2. Entrepreneurship education aids students from all socioeconomic backgrounds to think outside the box and nurture unconventional talents and skills.
3. Entrepreneurship develops their initiative and helps them to be more creative and self-confident in whatever they undertake and to act in a socially responsible way.
4. It exposes students to numerous opportunities to learn how to think critically and analyze the pieces on the board.
5. Being aware of all the important factors and seeing how they affect each other is the foundation of a smart decision-making process.
6. Exposed students to real-world examples and learn from their own experience.
7. Requires students to be innovative, creative and collaborative with others.
8. Provides budding entrepreneurs with the skills and knowledge to come up with business ideas and develop their own ventures.