ENTREP CLUSTER Flashcards
mark are attribute that distinguishes an entrepreneur from the owner of an ordinary small Business
character traits
s e r d f
small enterprise research and development foundation
entrepreneurs desire to be achiever in the field of entrepreneurship
achievement cluster
ability to identify with great is the most appropriate entrepreneurial opportunities
opportunity seeker
displays full commitment to the work or endeavor
committed
trial sacrifices and failures challenge the entrepreneur to be
persistent
inherent in all entrepreneurial ventures
risk taker
is not scared to take any risk in business
aggressive risk taker
is more calculative in taking risk he or she analyzes the situation before taking the leap
moderate risk taker
is not very eager to take any kind of risk he or she is satisfied with managing a small business and a regular clientele
conservative risk taker
a successful entrepreneur highly values efficiency and the concept of quality in all business undertakings
efficient and quality oriented
a set of characteristic of successful entrepreneur that basically supports a character traits and achievement cluster
planning cluster
the basic concept of planning is setting goals and objectives
goal setter
s m a r t
specific
measurable
achievable
realistic
time bound
entrepreneur counseling make a decision that will affect the operation of their business ventures (a person looking for information)
information seeker
he or she follows a systematic pattern of planning process and monitoring approaches
systematic in planning and monitoring
the term _ implies that there is a rational and logical approach in performing activities
systematic
simple refers to the setting of goals and objectives
planning
refers to the evaluation of the activities and adopted course of action whether they are carried in accordance with plan
monitoring
includes a set of character traits that reflect the degree of the interpersonal relations maintained by a successful entrepreneurs in the community
power cluster
successful entrepreneurs are persuasive and can easily influence and win over to their side the other stakeholders in business such as customers suppliers and perspective creditors
persuasive and positive networker
they project a favorable image of themselves which is sounded on respect and good deeds in the business community
self confident
set of cognitive technical and interpersonal skills required in the practice of entrepreneurship
entrepreneurial skills
mental ability of the entrepreneur essential in making systematic and effective plans and monitoring them
cognitive skills
problems are common in the life of an entrepreneur as he or she manages the day to day operations of the business ventures
problem solving
the specialized knowledge and expertise required to perform scientific task and use specific tools and programs in real world situation
technical skills
are basically about the relationship and interaction of the entrepreneur with the workers suppliers creditors perspective customers and other members of the business community
interpersonal skills
interpersonal skills of entrepreneur may include among others
skills in verbal communication
nonverbal communication listening
leading
negotiating
