Entrepreneurial Competencies Flashcards
Ability to use one’s knowledge in doing something effectively.
Skill
basic set of skills required to be an entrepreneur
Personal Entrepreneurial Skills
ability of the entrepreneur in building harmonious relations with his staff, customers, suppliers etc
Interpersonal Skills
skills in which an entrep can easily come up with new and creative ideas through constant practice and nurturing
Critical and Innovative Thinking Skills
knowledge and skills related to the efficient and effective management of the business
Functional Skills
This is about the hands-on in the management of the business
Practical Skills
Inherited and acquired characters of a person
Traits
the totality of the personality ,knowledge, and other skills a person must possess to effectively his/her functions and responsibilities as an entrep
PEC (Personal Entrepreneurial Competencies)
distinguishing traits or qualities that make an entrep successful
Entrepreneurial Characteristics
the ability of an entrep to seize opportunity even in situations where other people see nothing but problems
Opportunity Seeking
ability to accept responsibility to complete a job for a customer
commitment
the determination to finish a job at any cost
Persistance
the entrepreneur is ready to expect the unexpected
risk-taking
refers to the things getting done efficiently and effectively
Demand for Efficiently and Qualitty
entreps have a clear vision of the future
goal setting
