skills Flashcards

1
Q

is an ability to use one’s knowledge in
doing something effectively. Being able to execute well what one knows.

A

entrepreneurial skills

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2
Q

are basic skills required to be an
entrepreneur. Skills needed to run the business successfully.

A

personal entrepreneurial skills

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3
Q

THE 4 CLASSIFICATION OF ENTREPRENEURIAL SKILL

A

interpersonal skills
critical and innovative thinking skills
functional skills
practical skills

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4
Q

ability of an entrepreneur in building
harmonious relations with his staff,
customers, suppliers, shareholders,
investors, and other concerned parties.

A

interpersonal skills

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5
Q

5 sectors of an interpersonal skills

A

leadership and motivation
communication
listening
negotiation and networking
ethics

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6
Q

the skill in leading others, in delegating
responsibilities, in teamwork , and in encouraging and inspiring workers to follow and be committed to the vision, mission and goals of the enterprise.

A

leadership and motivation

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7
Q

the proficiency in communicating one’s thoughts, emotions and ideas to those concerned

A

communication

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8
Q

the ability to listen to both sides of an issue and know how to listen diligently and show empathy when listening

A

listening

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9
Q

the skill carry out transactions and establish linkages with investors, customers and other parties

A

negotiation and networking

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10
Q

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

A

ethics

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11
Q

skills that can easily come up with new
and creative ideas through constant
practice and nurturing.

A

critical and innovative skills

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12
Q

3 sectors of an critical and innovative skill

A

creative thinking
problem-solving and system thinking
recognizing opportunities

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13
Q

seeing situations at a different perspectives and coming up with an innovative idea

A

creative thinking

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14
Q

coming up with sound solutions to problems on hand.

A

problem-solving and system thinking

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15
Q

sees opportunity in every situation he/she can easily spot trends, fads, and resources that are related to consumption, profitability, production, marketing and others

A

recognizing opportunities

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16
Q

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

A

functional skills

17
Q

about being hands-on in the management
of the business and can perform tasks.

A

practical skills