Lesson Notes By Weeks and Term - Senior Secondary 2

Basic concepts of entrepreneurship

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TERM – 2ND TERM

WEEK TEN

Class: Senior Secondary School 2

Age: 16 years

Duration: 40 minutes of 5 periods each

Date:

Subject: STORE KEEPING

Topic: BASIC CONCEPT OF ENTREPRENEURSHIP

SPECIFIC OBJECTIVES: At the end of the lesson, pupils should be able to

I.) Explain the term entrepreneurship                          

II.) Examine the concept entrepreneurship education critically                          

III.) Outline the importance of entrepreneurship                   

IV.) Analyze the qualities of an entrepreneur.

INSTRUCTIONAL TECHNIQUES: Identification, explanation, questions and answers, demonstration, videos from source

INSTRUCTIONAL MATERIALS: Videos, loud speaker, textbook, pictures,

INSTRUCTIONAL PROCEDURES

PERIOD 1-2

PRESENTATION

TEACHER’S ACTIVITY

STUDENT’S

ACTIVITY

STEP 1

INTRODUCTION

The teacher introduces entrepreneurship and explains the meaning of entrepreneurship education to the students.

 Whole class discussion on the meaning of entrepreneurship and                               describe the term entrepreneurship education and share their knowledge with the class.                                                                                                                                           

STEP 2

EXPLANATION

Teacher discusses the importance of entrepreneurship and describe the qualities of an entrepreneur.

Students, as a class, discuss the importance of entrepreneurship.                                   and analyses the qualities of an entrepreneur  

STEP 3

NOTE TAKING

The teacher writes a summarized

note on the board

The students

copy the note in

their books

 

NOTE

BASIC CONCEPT OF ENTREPRENEURSHIP

Entrepreneurship refers to the process of identifying opportunities, organizing resources, and taking risks to create and manage a business venture with the aim of achieving success and generating profit. Entrepreneurs are individuals who demonstrate initiative, innovation, and a willingness to take on challenges to pursue new business opportunities.

Concept of entrepreneurship education

Entrepreneurship education aims to equip individuals with the knowledge, skills, and mindset necessary to identify opportunities, innovate, and navigate the challenges of starting and managing a business. While proponents argue that entrepreneurship education fosters creativity, problem-solving abilities, and adaptability, critics argue that its effectiveness in actually fostering successful entrepreneurs is debatable. Some argue that entrepreneurship is more of an innate trait rather than something that can be taught. However, well-designed entrepreneurship education programs can provide valuable insights, practical skills, and networking opportunities that can enhance the chances of entrepreneurial success.

Importance of entrepreneurship

  1. Entrepreneurship plays a crucial role in driving economic growth, innovation, and job creation.
  2. It fosters competition, spurs innovation, and leads to the development of new products, services, and technologies.
  3. Entrepreneurship also contributes to wealth creation, social mobility, and poverty reduction by providing opportunities for individuals to create their own businesses and pursue their economic aspirations.
  4. Entrepreneurs often serve as role models and sources of inspiration for others, encouraging a culture of innovation and risk-taking in society.

Qualities of an entrepreneur

  1. Visionary Leadership: Entrepreneurs have a clear vision of what they want to achieve and the ability to inspire and motivate others to pursue that vision.
  2. Creativity and Innovation: Entrepreneurs are often innovative thinkers who are able to identify and capitalize on new opportunities, solving problems in novel ways.
  3. Risk-taking: Entrepreneurs are comfortable taking calculated risks and are not deterred by the possibility of failure. They understand that risk is inherent in entrepreneurship and are willing to take on challenges in pursuit of their goals.
  4. Resilience: Entrepreneurship is fraught with challenges and setbacks, and successful entrepreneurs demonstrate resilience in the face of adversity.
  5. Adaptability: Entrepreneurs must be able to adapt to changing market conditions, customer preferences, and technological advancements.
  6. Networking and Relationship Building: Successful entrepreneurs build strong networks of contacts, mentors, and collaborators who can provide support, guidance, and resources.

EVALUATION: 1. Define entrepreneurship

  1. What is entrepreneurship education?
  2. Identify 5 importance of entrepreneurship
  3. Mention 5 qualities of an entrepreneur that you know.

CLASSWORK: As in evaluation

CONCLUSION: The teacher commends the students positively