Entrepreneurial Competencies D 3
Entrepreneurial Competencies D 3
Entrepreneurial Competencies D 3
INGREDIENTS OF COMPETENCIES
SKILLS:
KNOWLEDGE:
Abilities to master the system
Collection & retention
& sequence of behavior
of information & facts
MOTIVES:
Internal states
resulting from need.
Activate behavior.
TRAITS:
Characteristics ways in
which a person responds
ENTREPRENEURIAL COMPETENCIES :
MAJOR CLUSTERS
ACHIEVEMENT
Initiative
Seeing & acting on opportunities
Persistence
Information seeking
Concern for high quality of work
Commitment to work contract
Efficiency Orientation
Systematic Planning
Problem Solving
Self - Confidence
Persuasion
Use of Influence Strategies
Assertiveness
Monitoring
Concern for Others Welfare
INITIATIVE
TAKING ACTIONS THAT GO BEYOND JOB
REQUIREMENTS OR DEMANDS OF THE
SITUATION.
Doing things on own before being asked for; or
being forced to by events.
Taking actions to expand the business into new
areas, products or services.
PERSISTENCE
TAKING REPEATED ACTIONS TO OVERCOME
OBSTACLES THAT GET IN THE WAY OF
ACHIEVING GOALS.
INFORMATION SEEKING
TAKING ACTION ON OWN TO HELP REACH
OBJECTIVES.
Personally undertaking a research or analysis to find
out answer of some problem.
Seeking information to clarify what is needed.
Using contacts & networks to obtain desired information.
COMMITMENT TO WORK
CONTRACT
PLACING
HIGHEST
PRIORITY
GETTING A JOB COMPLETED.
FOR
EFFICIENCY ORIENTATION
CONSTANTLY LOOKING FOR WAYS TO DO
THINGS FASTER OR WITH FEWER
RESOURCES OR AT A LESSER COST.
Using information or business tools to increase
personal or professional efficiency.
Expressing concern for assessing costs versus
rewards of some improvements, changes or action.
SYSTEMATIC PLANNING
DEVELOPING AND USING LOGICAL, STEPBY-STEP PLANS TO REACH GOALS.
PROBLEM SOLVING
IDENTIFYING AND APPLYING NEW AND
POTENTIALLY UNIQUE IDEAS TO REACH
THE GOALS.
Identifying the root-cause of the problem or objectives.
Developing strategy in the light of objectives, resources and
constraints.
Keeping alternatives, wherever necessary.
Generating new ideas or innovative solutions
SELF-CONFIDENCE
HAVING A STRONG BELIEF IN SELF AND
OWN ABILITIES.
Expressing confidence in own
ability to complete a task.
Sticking with own judgement
in the face of opposition or
early lack of success.
Doing something for which
chances of success are not very
fair.
PERSUASION
PERSUADING OTHERS SUCCESSFULLY
Convincing someone successfully to do something else
than what he/she would have done.
Selling someone a product or service.
Making someone agree to provide resources on extraordinary conditions.
Asserting own confidence & competence in personal or
companys strengths.
USE OF INFLUENCE
STRATEGIES
USING A VARIETY OF STRATEGIES TO
INFLUENCE OTHERS SUCCESSFULLY.
ASSERTIVENESS
CONFRONTING PROBLEMS AND ISSUES
WITH OTHERS DIRECTLY
Speaking politely but firmly.
Telling others clearly what they have to do.
Reprimanding those who fail to perform as
expected, however close they may be.
MONITORING
ENSURING SMOOTH PROGRESS OF
PROJECT OR WORK
Ensuring that the work is completed or it is of high
quality.
Personally supervising all aspects of the work.
Developing a system of supervision & monitoring.