2INTRODUCTIONOurnational hero, Jose Rizal, said, “The youth is the hope of our nation.”Therefore, the youthmust be trained and equipped to face various types of challenges as they will be the nation’s future leaders- thenext workforce and business magnates.One of way of training the youth is to introduce them tocourses that will activate their dreams and aspirations.Indeed, entrepreneurship is a strategic course to bepioneered to the youth.ENTREPRENEURSHIPis one the contextualized subjects for senior high school in the K to 12Basic Education Curriculum.This course deals with the concepts, underlying principles, processes, andreal-life implementation of a business plan.Entrepreneurship was incorporated in the Kto12 curriculumbecause as early as grade 11, students should already appreciate the value of establishing and running abusiness, as well as the right methods to do so.Many budding entrepreneurs who failed in their businessventures did not prepare a logical business plan and did not research well; thus they did not succeed.Asidefrom tackling ways and means to establish a business, this course is also applicable to those who will landjobs in corporations and other institutions.Because whatever department or unit these persons will beassigned, they will also undergointrapreneurship, wherein they manage the business internally.OVERVIEW OF ENTREPRENEURSHIPWhat is Entrepreneurship?cliparts.zone/clipart/164726➢Is a proactive process of developing a business venture to make a profit.It involvessearching formarket opportunities, establishing and operating a business out of the opportunity, and assessing itsrisks and rewards by closely monitoring the operations.The creation of a sound business plan, togetherwith theefficientandeffectiveoperation of the business will benefit not only the entrepreneurs but thewhole society and economy as well.➢An activity that includes the discovery, evaluation, and exploitation of opportunities to introducenew goods and services.➢Having profited from bearing uncertainty and risk (Knight 1921, 3)➢Capacity for innovation, investment, and expansion in new markets, products, and techniques.(Fajardo, 1994, 4)➢The opportunity to know what goods and services people need and to be able to deliver them at theright time, in the right place, at the right price for the right people.Although each of these definition views entrepreneurship from a slightly different perspective,they all contain the following common elements:(Aduana, 2019, 4)⚫Innovation -The process of bringing an organization new concepts technologies or methods.Thismay mean creating system or process, or improving existing ones.
