Introduction to entrepreneurship unit i

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INTRODUCTIONTOENTREPRENEURSHIP/UNITI
"ThebusinessofAmericaisbusiness"-CalvinCoolidge

TableofContents
LESSON1:EntrepreneurshipandtheEntrepreneur
HANDOUTI.1.A,"WordCloud"
HANDOUTI.1.B,"Entrepreneurship"
HANDOUTI.1.C,"Entrepreneur"
HANDOUTI.1.D,"TheImportanceofEntrepreneurship"
LESSON2:EntrepreneurshipandtheEntrepreneur
HANDOUTI.2.A,"TypicalEntrepreneur"
HANDOUTI.2.B,"BecominganEntrepreneur"
HANDOUTI.2.C,"Profile1:EntrepreneuroftheYear"
HANDOUTI.2.D,"Profile2:EmergingEntrepreneuroftheYear"
HANDOUTI.2.E,"Profile3:CollegeEntrepreneuroftheYear"
LESSON3:CharacteristicsofanEntrepreneur
HANDOUTI.3.A,"Characteristics"
HANDOUTI.3.B,"FromEmployeetoEntrepreneur"
HANDOUTI.3.C,"Entrepreneurship,A?E"
HANDOUTI.3.D,"Entrepreneurship,F?J"
HANDOUTI.3.E,"Entrepreneurship,K?O"
HANDOUTI.3.F,"Entrepreneurship,P?T"
HANDOUTI.3.G,"Entrepreneurship,U?Z"
LESSON4:TheStudentAsEntrepreneur:ASelf?Evaluation
HANDOUTI.4.A,"MagazineCover"
HANDOUTI.4.B,"Quiz"
HANDOUTI.4.C,"Improve-Yourself"
HANDOUTI.4.D,"StartingaBusiness"
INTRODUCTIONTOENTREPRENEURSHIP
"ThebusinessofAmericaisbusiness"-CalvinCoolidge
TableofContents:pageii
LESSON5:SuccessIndicatorsforaBusiness
HANDOUTI.5.A,"SevenCriteria"
HANDOUTI.5.B,"TripleBottomLine"
HANDOUTI.5.C,"Letter"
HANDOUTI.5.D,"Answer"
HANDOUTI.5.E,"SuccessinBusinessReportCard"
LESSON6:SettingPersonalGoals
HANDOUTI.6.A,"Illustration"
HANDOUTI.6.B,"Chart"
HANDOUTI.6.C,"Steps"
HANDOUTI.6.D,"ChoosingGoals"
HANDOUTI.6.E,"AchievingGoals"
HANDOUTI.6.F,"TrackingGoals"
HANDOUTI.6.G,"Assignment"
LESSON7:OpportunityorIdea:UsingaBusinessPlantoDetermine
WhenaBusinessOpportunityExists
HANDOUTI.7.A,"Q&A"
HANDOUTI.7.B,"Purposes"
HANDOUTI.7.C,"Parts"
HANDOUTI.7.D,"Outline"


UNITI/LESSON1
EntrepreneurshipandtheEntrepreneur
TimeFrame
1day
Standards
NES:Economics--Explainwhypeoplebecomeentrepreneurs
NES:Skills--Followdirections
Applyeffectivelisteningskills
Makeoralpresentations
Preparewrittenreports
GuidingQuestion
Whatisentrepreneurship?
Materials
HandoutsI.1.A-D
Objectives
Studentswillbeableto:
Defineandgiveexamplesofentrepreneurship.
ExplainwhyentrepreneurshipissoimportanttotheUnitedStateseconomy.
Drawconclusionsastowhattheycanexpecttolearninacoursecalled"Entrepreneurshipand
Business."
TeacherBackground
Entrepreneurshaveplayedavitalroleinthedevelopmentofthiscountry.Thewillingnessofsuch
peopletoinnovate,takerisks,anddevotethemselvestobuildingabusinesshasbeenthestufflegends
andheroesaremadeof.Thiscourse,consistingofnineunits,willdiscussboththetheoryandrealityof
entrepreneurshipandprovideafoundationforthesecondyearoftheVirtualEnterpriseprogram.
HandoutI.1.Awillemployawordcloudtoallowstudentstoexaminetheirconceptofentrepreneurs
andentrepreneurship.InHandoutI.1.B,theclasswillexaminesomedefinitionsofentrepreneurshipand
compareittotheirown.HandoutI.1.Cwillpresentsometraitsexhibitedbyentrepreneurs.Finally,in
HandoutI.1.D,studentswillassessthecontributionsentrepreneurshavemadetotheU.S.
TeachingStrategies/SupportingActivities
DistributeHandoutI.1.A,"WordCloud."Havestudentscompletetheexerciseonthehandout,then
havethemexplaintheiranswerstothefollowingquestions:
- Whatdoesthisillustrationtellusaboutentrepreneurshipandentrepreneurs?
- Howwouldyoudefinetheterm"entrepreneurship"basedonthisillustration?
- Whatdidyouwritefortheexerciserelatedtothisillustration?(Callonatleastfivevolunteers.)
INTRODUCTIONTOENTREPRENEURSHIP
"ThebusinessofAmericaisbusiness"-CalvinCoolidge
UNITI/LESSON1:page2
- Basedontheillustrationaboutentrepreneurshipthatappearsonthishandout,whatwillbe
someofthethingsyouwillbelearninginthisclass?
DistributeHandoutI.1.B,"Entrepreneurship."Havestudentscompletetheexerciseonthehandout,
thenhavethemexplaintheiranswerstothefollowingquestions:
- Howwouldyoucomparethesedefinitionsofentrepreneurshiptoeachother?
- Whatdothesedefinitionshaveincommon?Whataresomeofthesomeofthedifferences
betweenthesedefinitions?
- Whichofthesedefinitionscomesclosesttoyourowndefinitionofentrepreneurship?
DistributeHandoutI.1.C,"Entrepreneur."Havestudentscompletetheexerciseonthehandout,
thenhavethemexplaintheiranswerstothefollowingquestions:
- Whattitledidyougivetothisreading?
- Basedonwhatyoureadonthishandout,howwoulddescribewhatanentrepreneuristo
someonewhoneverheardtheterm?
- Inwhatwaysdoesthewriterofthishandoutbelieveanentrepreneurisdifferentfromthe
followingdictionarydefinition:"onewhoorganizes,manages,andassumestherisksofa
businessorenterprise"?
- Towhatextentisanentrepreneurdifferentthanan"ordinarybusinessperson"?
Distribute:HandoutI.1.D,"TheImportanceofEntrepreneurship."Havestudentscompletethe
exerciseonthehandout,thenhavethemexplaintheiranswerstothefollowingquestions:
- Whatdidconclusiondidyouwriteforthishandout?
- Accordingtothispaper,whataresomeofthewaysentrepreneurshippromotesanation's
economichealth?
- Whatkindsofevidencedoesthewriterofthispapergivetoproveentrepreneursmakea
positivecontributiontoanation'seconomy?Howconvincingwasthisevidence?
Summary/Assessment
Askstudentstoexplaintheiranswertothefollowingquestion:
Whydoyouthinkthisschoolhasdecidedtoofferacourseinentrepreneurship?
Follow?Up
Basedonwhatyouheardinthislesson,whataresomeofthethingsyouhopetolearnfromthiscourse
onentrepreneurship?
INTRODUCTIONTOENTREPRENEURSHIP
"ThebusinessofAmericaisbusiness"-CalvinCoolidge
UNITI/LESSON1:page3
HandoutI.1.A,"WordCloud"
Directions:Theillustrationbelowiscalledawordcloud,whichconsistsofanumberofwordsand/or
groupsofwordsrelatedto"Entrepreneurs"and"Entrepreneurship."Afterstudyingthiswordcloud
completetheexercisethatfollows.

Exercise:Selectthreewordsand/orthreegroupsofwordsfromtheillustrationabove.Foreachwordof
groupofwords,writeasentencetodescribewhatthosewordshavetodowithentrepreneurshipor
entrepreneurs.
1.



2.



3.
INTRODUCTIONTOENTREPRENEURSHIP
"ThebusinessofAmericaisbusiness"-CalvinCoolidge
UNITI/LESSON1:page4
HandoutI.1.B,"Entrepreneurship"
Direction:Thispagecontainssomehistoricalandpresent-daydefinitionsfortheterm
"entrepreneurship."Placeacheckmarkinfrontofthedefinitionthatcomesclosesttoyourown.
Entrepreneurship is...

___"Aneconomictermdescribingtheprocessofbearingtheriskofbuyingatcertainpricesandselling
atuncertainprices."(18thcenturydefinition)

___"Theconceptofbringingtogetherthefactorsofproduction."(19thcenturydefinition)

___"Aprocessinvolvinginnovation:bringingmarketinnovation,productinnovation,factorinnovation,
andevenorganizationalinnovationtotheworldofbusiness."

___"Theactionoforganizingabusinessventureandassumingtheriskforit."

___"Theassumptionofriskandresponsibilityindesigningandimplementingabusinessstrategyor
startingabusiness."















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