RECOGNIZING THE SKILLS OF AN ENTREPRENEUR (TLE) Flashcards
What are the THREE MAJOR skills in recognizing an entrepreneur?
- Interpersonal
2.Critical and Innovative Thinking - Practical
What goes under interpersonal skills?
- Leadership skill
- Self-management skill
- Social skill
- Communication skill
- Assertiveness
Entrepreneurs who possess leadership skill are likely to succeed in their business, as they know how to lead and convince people without intimidation.
Leadership skill
The ability to manage one’s emotions when these are not appropriate fora given situation.
Self-management skill
Entrepreneurs must process this skill for them to understand the people surrounding them. The ability to communicate with others effectively with respect.
Social skill
This skill is vital as the success of an entrepreneur depends on his/her ability to communicate effectively.
Communication skill
This is one way of defending or putting one’s ideas firmly.
Assertiveness
What goes under critical and innovative thinking skills?
- Creative thinking
- Problem-solving
- Opportunity seeking
This skill is vital to create project concepts and design products and services based on the needs and demands of the prospective clients.
Creative thinking
This skill must be acquired to provide appropriate and realistic solutions to problems encountered in business.
Problem-solving
This skill means being able to easily observe market trends as big factors in undertaking business.
Opportunity seeking
What goes under practical skills?
- Setting goals
- Organizing
- Practical decision-making
An entrepreneur must set attainable goals. From these goals, he/she should develop a plan and implement it while considering all resources required to operate his/her business.
Setting goals
Entrepreneurs must acquire and use this required talents, skills, and abilities needed to attain their business goals. Done by coordinating with the relevant people or those who are experts on project management and operation.
Organizing
Entrepreneurs must be good in making wise and practical decisions, which must be based on relevant information, possible consequences, and implications that may occur.
Practical decision-making
