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Personal Entrepreneurial Competencies, (PECs), Content Standards, , Entrepreneurship, on the other hand, is not just a simple business activity., It is a strategic process of innovation and new venture creation. Basically,, entrepreneurship is both an art and science of converting business ideas into, marketable products or services to improve the quality of living., , Performance Standards, , The learner demonstrates The learner independently creates a plan of, understanding of one’s PECs action that strengthens and or further, in Cookery., develops his/her PECs in Cookery, Quarter I, , Time Allotment: 4 hours, , Now that you have a little background knowledge about entrepreneurs and, entrepreneurship, can you now walk through in assessing your PECs? Always, remember that “Successful entrepreneurs continuously develop and improve their, PECs.”, , To begin with, let us first try to find out the competencies you will master as, you finish this module., , Module 1, Objectives, Personal Entrepreneurial Competencies, At the end of this module, you are expected to:, , Introduction, In this module, you will learn more about entrepreneurship and the, entrepreneurial competencies related to Cookery. You will have a first-hand, experience in educational activities leading to personal assessment of your, entrepreneurial competencies and assessment of entrepreneurial competencies of, a successful chef within your area. You will also have some activities that will align, your competencies those of successful practitioners. Moreover, this module will, stimulate your mind to think about entrepreneurship and its role in the business, community, as well as in the economic and social development., , •, •, •, , identify areas for improvement, development and growth;, align your PECs according to your business or career choice; and, create a plan of action that ensures success in your business or career, choice., , Now that you have an idea about the knowledge and skill that you will develop, and master, take the first challenge in this module – the pre-assessment., , Pre-assessment, To start with this module, let us first understand entrepreneurs and, entrepreneurship., , As part of your initial activity, you will be challenged to dig deeper on your, knowledge and previous experiences on the topic. Try to diagnose or assess what you, already know about PECs by answering Task 1., , Entrepreneurs are people with skills and capabilities to see and evaluate, business opportunities. They are individuals that can strategically identify products, or services needed by the community and they have the capacity to deliver these, at the right time and at the right place., , Entrepreneurs are agents of economic change; they organize, manage and, assume risks of a business. Some of the good qualities of an entrepreneur are, opportunity seeker, risk taker, goal setter, excellent planner, a confident problem, solver, hardworking, persistent, and a committed worker., 10, , 11

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Task 1: Matching Type, Directions: Match the entrepreneurial competencies in column A with, their meaning in column B. Write the letter of the correct answer on the space, provided before each number., , A, 1. Creative, 2. Profit-oriented, 3. Discipline, 4. Decision Making, 5. People Skill, 6. Planner, 7. Self-confidence, 8. Hardworking, 9. Ability to accept change, 10. Committed, , B, A. make a wise decision towards the set, objectives, B. strategic thinking and setting of goals, C. trust in one’s ability, D. adoptable to change, E. innovative to have edge over other, competitors, F. solid dedication, G. skillful in record keeping, H. always stick to the plan, I. working diligently, J effective and efficient communication, and relation to people, K. always looking for income, , After answering all the guide questions to the best of your knowledge, and skills, share those with your classmates. You too, may compare your, insights, personal knowledge, and relevant experiences on the topic to make, it more exciting and engaging., , Learning Goals and Target, After understanding the objectives of this module, having gone through preassessment, and answering the guide questions, you will be asked to set your own, personal goals. These goals will trigger you to further achieve the ultimate, objective of this module. In the end, these goals will motivate you to learn more, about pecs., , Goals and, Targets, , Learning, Activities, , Ultimate Goal, , Figure 1: Strategic process to achieve the objectives of this module, , Reading Resources and Instructional Activities, Task 2: Guide Questions, Directions: The following are guide questions which encapsulate the, entire module. Write your answers on your assignment notebook, and then, share these to the class., A., Explain why entrepreneurial activities are important to social development and, progress of the economy., B., What entrepreneurial activities do you know and capable of doing which are, related to Cookery?, , After setting your own personal goals and targets in achieving the objectives, of this module, check your inherent knowledge of PECs. Answer the following, guide questions with the help of your classmates., , Task 3: Group Activity, Direction: Answer the following guide questions on a separate sheet, of paper. Share your answers to the class., 1. Explain the importance of assessing one’s PECs before engaging in a particular, entrepreneurial activity., , C., Given the opportunity to own a business that relates with Cookery are you, confident to manage it? Explain your answer., D., What do you think are the most important competencies you must possess in, order to be successful in running your chosen business?, E., Name successful entrepreneurs from your area whose business is related to, Cookery. Be able to share to the class their PECs that made them successful., , 12, , 13

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2. Are there other strategies or approaches where you can assess your PECs?, Explain how those strategies will become more useful in selecting a viable, business venture., , Assessment of Personal Entrepreneurial Competencies (PECs) and, Skills vis-à-vis a Practicing Entrepreneur or Employee in a Province, , 3. What are the desirable personal characteristics, attributes, lifestyles, skills and, traits of a prospective entrepreneur? Why are these important?, , Entrepreneurial competencies refer to the important characteristics that, should be possessed by an individual in order to perform entrepreneurial functions, effectively. In this module, you will learn some of the most important characteristics,, attributes, lifestyle, skills and traits of a successful entrepreneur in order to be, successful in a chosen career., Below are few important characteristics / traits / attributes of a good, entrepreneur:, , 4. Why there is a need to assess one’s PECs in terms of characteristics, attributes,, lifestyles, skills, and traits before starting a particular business?, , •, , Hardworking: One of the important characteristics of a good, entrepreneur is hardworking. This means habitually working, diligently for a long period of time. Hardworking people keep on, improving their performance to produce good products and/or, provide good services., , •, , Self-confidence: Entrepreneurs have confidence in one’s ability, and own judgment. They exhibit self-confidence in order to cope, with all the risks of operating their own business., , •, , Discipline: Successful entrepreneurs always stick on the plan and, fight the temptation to do what is unimportant., , •, , Committed: A good entrepreneur accepts full responsibility of, everything in his/her business. He/she gives full commitment and, solid dedication to make the business successful., , •, , Ability to accept change: Nothing is permanent but change., Change occurs frequently. When you own a business, you should, cope-up and thrive on changes. Capitalize on positive changes to, make your business grow., , •, , Creative: An entrepreneur should be creative and innovative to, stay in the business and in order to have an edge over the other, competitors., , •, , Has the Initiative: An entrepreneur takes the initiative. You must, put yourself in a position where you are responsible for the failure, or success of your business., , 5. What is the significance of evaluating PECs of a successful entrepreneur?, What helpful insights can you draw from this activity?, , How was your experience in answering the guide questions with your, classmates? Were you able to benefit from them? What were the insights you have, realized?, This time you’re going to study the different topics that will enrich your, knowledge of PECs. Read carefully all the important details about the succeeding, topic., 14, , 15

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•, , Profit-Oriented: An entrepreneur enters into the world of business, to generate profit or additional income. This shall become the, bread and butter for you and for your family as well. Therefore, you, must see to it that the business can generate income., , Listed below are the important skills of a successful entrepreneur:, •, , Planner: Planning is strategic thinking and setting of goals to, achieve objectives by carefully maximizing all the available, resources. A good entrepreneur develops and applies step-by-step, plans to realize goals. A good entrepreneur knows that planning is, an effective skill only when combined with action., , •, , People Skills: It’s a very important skill in order to be successful in, any kind of business. People skills refer to effective and efficient, communication and relation to people working in and out of your, business. In day-to-day business transactions, you need to deal, with people. A well-developed people skill can spell out the, difference between success and failure of the business., , •, , Decision Making: Successful entrepreneurs have the ability to think, quickly, and to make a wise decision towards pre-determined set, objectives. No one can deny that the ability to make wise decisions, is an important skill that an entrepreneur should possess. Sound, decision should spring out from given facts and information and, should be towards the pre-determined objectives., , In order to firm up what you have learned and to have a better appreciation, of the different entrepreneurial competencies, read the PECs checklist presented, below, then answer the same., , Table 1: PECs Checklist, Personal Entrepreneurial Competencies of an, Entrepreneur, Hardworking, - Working diligently, Self-confidence, - Confidence in one’s ability, Discipline, - Always stick to the plan, Committed, - Solid dedication, Ability to accept changes, - Adoptable to change, Creative, - Innovative to have edge over other, competitors, Profit-oriented, - Always looking for income, Planner, - Strategic thinking and setting of goals, People Skill, - effective and efficient communication and, relation to people, Decision Making, - make a wise decision towards the set, objectives, TOTAL, , Interpretation or Insights:, , Task 4: PECs Checklist, Directions: Using the PECs checklist, assess yourself by indicating a, check (/) mark in either strengths or development areas column. Interpret the, results by counting the total number of check marks in each of the columns., After accomplishing the checklist, form a group and share your insights and, experiences why you came up with that personal assessment., , 16, , Personal Assessment in terms of:, Strengths, Development, Areas, , 17, , T

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3. How did you solve business-related problems during the early years of, your business operation?, , How was your experience in discovering your strengths and the areas to, be developed? Did you gain valuable experience in exchanging insights with your, classmates? To learn more and deepen your understanding of PECs, do Task 5, below., 4. Did you follow the tips from a successful businessman or practitioner before, you engage in your business?, , Task 5: Interview, Interview a successful chef or entrepreneur in your area whose type of business, is related with Cookery. Focus your interview on PECs and other business-related, attributes that helped them become successful. Analyze the result of the interview and, reflect on the similarities and/or differences. Write your answer on a separate sheet of, paper., , Sample Interview Guide, , 5. What are your best business practices that you can share with aspiring, students?, , Name of Proprietor/Practitioner:, Age:, Number of Years in Business:, Business Name:, Business Address:, , 1. What are your preparations before you engaged in this type of business or, job?, , 2. What are your special skills and characteristics that are related with your, business or job?, , 6. What are the salient characteristics, attributes, lifestyle, skills and traits that, made you successful in your business or job?, , Note: Cull the needed information from the interview to supply answer/s to, Row 1 in the table below. Meanwhile, fill out the second row with your PECs., , Personal, Entrepreneurial Characteristics, Competencies, 18, , Attributes, 19, , Lifestyles, , Skills, , Traits

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Transfer, , Successful, Entrepreneur in, the place, , After performing the activities on the importance of PECs, let’s determine, how mu ch you have learned. Perform Task 6 to determine how well you have, understood the lesson., , Task 6: Preparation of a Plan of Action, , My PECs, , Directions: Using the table below and the information generated from, Task 5 (Interview), prepare an action plan that indicates how you would align, your PECs to the PECs of a successful entrepreneur in Cookery in your plac, , Using the information on the table above, analyze and reflect on the, similarities and differences in your answers. Put your reflection on the table below., Write your conclusion on the space provided., , Personal, Entrepreneurial, Competencies, , Similarities, , Differences, , Characteristics, , Objective, , Area, , Activities, , To align my Characteristics, PECs with, the PECs of, a successful, entrepreneur, in Cookery., Skills, , Attributes, Lifestyles, Skills, Traits, , Attribute, , Conclusion:, Traits, , 20, , 21, , Strategies, , Time, Frame, , Expected, Outcome

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