Business Studies, asked by Annviccasocot65, 8 months ago

10 competencies of entrepreneur​

Answers

Answered by ankitkushwah8293
10

Explanation:

There are 10 Personal Entrepreneurial Competencies, which form the basis of the Empretec Training Workshop. These 10 competencies are:

Opportunity-seeking and initiative

Entrepreneurs seek opportunities and take the initiative to transform them into business situations.

Persistence

When most people tend to abandon an activity, successful entrepreneurs stick with it.

Commitment

Entrepreneurs keep their promises, no matter how great the personal sacrifice.

Demand for efficiency and quality

Entrepreneurs try to do something better, faster or cheaper.

Taking calculated risks

Taking calculated risks is one of the primary concepts in entrepreneurship.

Goal setting

This is the most important competency because none of the rest will function without it. Entrepreneurs set goals and objectives which are meaningful and challenging.

Information seeking

Entrepreneurs gather information about their clients, suppliers, technology and opportunities.

Systematic planning and monitoring

Systematic behaviour means acting in a logical way. Planning is deciding what to do. Monitoring means checking.

Persuasion and networking

Entrepreneurs influence other people to follow them or do something for them.

Independence and self-confidence

Entrepreneurs have a quiet self-assurance in their capability or potential to do something.

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