lesson 4: ENTREPRENEURS ENTREPRENEURIAL COMPETENCIES Flashcards
it is someone who brings resources, labor, materials, and other assets into combinations that make their value greater than before;
economist’s point of view
a person who is “typically driven by certain forces such as the need to obtain or attain something,
psychologist’s point of view
someone who identifies opportunities, plans, mobilizes resources
a management perspective
considered as the entrepreneurial era
The 21st century
GEM meaning?
Global Entrepreneurship Monitor
doing everything possible to get the odds in their favor, and they often avoid taking unnecessary risk.
Calculated risk-taking
the unwavering dedication to work for the common good of the society through one’s business.
Commitment
the taking of steps to know how well they are doing and how they might improve their performance.
Feedback-seeking
the determination to succeed by overcoming obstacles and setbacks. Entrepreneurs will not easily give up when problems come their way.
Perseverance
the internal desire to pursue and attain challenging goals.
Drive to achieve
the belief that together with the other people, things can be done in the business.
Self-confidence
the constant awareness of opportunities that exist in everyday life.
Opportunity orientation
the ability to come up with something different or unique every time
Innovativeness
their willingness to put themselves in situations where they are personally responsible for the success or failure of the business operation.
Responsibility
using it as a learning experience.
Tolerance for failure
