Entrepreneurial Competencies

Question 1

Ability to use one’s knowledge in doing something effectively.

Answer 1

Skill

Question 2

basic set of skills required to be an entrepreneur

Answer 2

Personal Entrepreneurial Skills

Question 3

ability of the entrepreneur in building harmonious relations with his staff, customers, suppliers etc

Answer 3

Interpersonal Skills

Question 4

skills in which an entrep can easily come up with new and creative ideas through constant practice and nurturing

Answer 4

Critical and Innovative Thinking Skills

Question 5

knowledge and skills related to the efficient and effective management of the business

Answer 5

Functional Skills

Question 6

This is about the hands-on in the management of the business

Answer 6

Practical Skills

Question 7

Inherited and acquired characters of a person

Answer 7

Traits

Question 8

the totality of the personality ,knowledge, and other skills a person must possess to effectively his/her functions and responsibilities as an entrep

Answer 8

PEC (Personal Entrepreneurial Competencies)

Question 9

distinguishing traits or qualities that make an entrep successful

Answer 9

Entrepreneurial Characteristics

Question 10

the ability of an entrep to seize opportunity even in situations where other people see nothing but problems

Answer 10

Opportunity Seeking

Question 11

ability to accept responsibility to complete a job for a customer

Answer 11

commitment

Question 12

the determination to finish a job at any cost

Answer 12

Persistance

Question 13

the entrepreneur is ready to expect the unexpected

Answer 13

risk-taking

Question 14

refers to the things getting done efficiently and effectively

Answer 14

Demand for Efficiently and Qualitty

Question 15

entreps have a clear vision of the future

Answer 15

goal setting

Question 16

using information to make informed deccisions

Answer 16

information seeking

Question 17

entrep makes a careful and orderly plan of his/her activities

Answer 17

Systematic Planning and Monitoring

Question 18

entreps have the ability to establish linkages with significant people

Answer 18

Persuasion and Networking

Question 19

having a strong belief in oneself to complete a task

Answer 19

self confidence

Question 20

3 cluster of entrepreneurial characteristics

Answer 20

Achievement Cluster
Power Cluster
Planning Cluster

Question 21

skill in leading others

Answer 21

leadership and motivation

Question 22

the proficiency in communicating one’s thoughts etc

Answer 22

Communication

Question 23

the ability to listen to both sides of an issue

Answer 23

Listening

Question 24

the skill to carry out transactions and establish linkages

Answer 24

Negotiation and Networking

Question 25

correct practice of dealing out with stakeholders with respect, integrity, fairness, and truth.

Answer 25

ethics

Question 26

seeing situations in different perspective and coming up with an innovative idea

Answer 26

creative thinking

Question 27

skill in coming up with sound solutions to problems on hand

Answer 27

problem-solving and system thinking

Question 28

entrep sees opportunity in every situatuons

Answer 28

recognizing opportunities