Understanding Personal Entrepreneurial Compentencies And Skills

Question 1

Ability and readiness to develop, organise, and run a business along with any of its uncertainties

Answer 1

Entrepreneur

Question 2

Process to be successful and effective

Answer 2

Personal Entrepreneurial Competencies and Skills (PECS)

Question 3

Tedious business process

Answer 3

Entrepreneurship

Question 4

Entails one to be creative, resourceful, and innovative in his/her pursuit to take advantage of business opportunity

Answer 4

Entrepreneurship

Question 5

Processes that are vital in putting up enterprises or business ventures. This includes exploration of suitable ideas

Answer 5

Undertake effective planning

Question 6

Function that requires entrepreneurs to coordinate assemble and supervise all the needed elements of productions

Answer 6

Organizing

Question 7

To minimize the risk that may occur during implementation to different phases of business

Answer 7

Making wise decisions

Question 8

Includes giving proper instructions to personnel direction on machine operations and utilisation of other resources

Answer 8

Managing

Question 9

Deals with the creation and promotion of new products introduction of new technology and strategies

Answer 9

Innovative

Question 10

Individuals who venture into a business or enterprise, regardless of the availability of capital and other required resources at their disposal

Answer 10

Entrepreneur