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    Entrepreneurial Competencies: by Prof - Rajkumar Phatate

    Uploaded by

    Varsha Bhutra
    This document outlines entrepreneurial competencies and an approach to developing them. It discusses key competencies like opportunity seeking, risk taking, commitment, information seeking, efficiency, persistence, goal setting, planning, networking, and self-confidence. It proposes a 4-step approach: 1) awareness of strengths/weaknesses, 2) understanding competencies and their role, 3) applying competencies through real-world tasks or simulations, and 4) internalizing competencies through practice and reinforcement. The goal is to provide opportunities for individuals to exhibit, apply, and develop entrepreneurial skills.

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    Entrepreneurial Competencies: by Prof - Rajkumar Phatate

    Uploaded by

    Varsha Bhutra
    32 views15 pages
    This document outlines entrepreneurial competencies and an approach to developing them. It discusses key competencies like opportunity seeking, risk taking, commitment, information seeking, efficiency, persistence, goal setting, planning, networking, and self-confidence. It proposes a 4-step approach: 1) awareness of strengths/weaknesses, 2) understanding competencies and their role, 3) applying competencies through real-world tasks or simulations, and 4) internalizing competencies through practice and reinforcement. The goal is to provide opportunities for individuals to exhibit, apply, and develop entrepreneurial skills.

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    Original Title

    ENT Competencies

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    This document outlines entrepreneurial competencies and an approach to developing them. It discusses key competencies like opportunity seeking, risk taking, commitment, information seeking, efficiency, persistence, goal setting, planning, networking, and self-confidence. It proposes a 4-step approach: 1) awareness of strengths/weaknesses, 2) understanding competencies and their role, 3) applying competencies through real-world tasks or simulations, and 4) internalizing competencies through practice and reinforcement. The goal is to provide opportunities for individuals to exhibit, apply, and develop entrepreneurial skills.

    Copyright:

    © All Rights Reserved
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    32 views15 pages

    Entrepreneurial Competencies: by Prof - Rajkumar Phatate

    Uploaded by

    Varsha Bhutra
    This document outlines entrepreneurial competencies and an approach to developing them. It discusses key competencies like opportunity seeking, risk taking, commitment, information seeking, efficiency, persistence, goal setting, planning, networking, and self-confidence. It proposes a 4-step approach: 1) awareness of strengths/weaknesses, 2) understanding competencies and their role, 3) applying competencies through real-world tasks or simulations, and 4) internalizing competencies through practice and reinforcement. The goal is to provide opportunities for individuals to exhibit, apply, and develop entrepreneurial skills.

    Copyright:

    © All Rights Reserved
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    of 15

    Entrepreneurial Competencies

    By
    Prof.Rajkumar Phatate
    Opportunity Seeking and Initiating

    • Does things before being asked or forced


    to by events.

    • Acts to extend the business into new


    areas, products or services.

    • Sizes unusual opportunities to start a new


    business, obtain financing, equipment,
    land, workspace or assistance.
    Risk Taking

    • Deliberately calculates risk and evaluates


    alternatives

    • Takes action to reduce risk or control


    outcomes

    • Places self in situations involving a


    challenge or moderate risk
    Commitment to the Work Contract

    • Makes a personal sacrifice or expends


    extraordinary effort to complete a job

    • Pitches in with workers or in their place


    to get a job done

    • Strives to keep customers satisfied and


    places long term goodwill over short term
    gain
    Information Seeking

    • Personally seeks information from clients


    suppliers and competitors

    • Does personal research on how to provide


    a product or service

    • Consults experts for business or technical


    advice
    Demand for Efficiency and Quality

    • Finds ways to do things better, faster or


    cheaper

    • Acts to do things that meet or exceed


    standards of excellence

    • Develops or uses procedures to ensure


    work is completed on time or that work
    meets agreed upon standards of quality
    Persistence

    • Takes action in the face of a significant


    obstacle
    • Takes repeated actions or switches to an
    alternative strategy to meet a challenge or
    overcome an obstacle.
    • Takes personal responsibility for the
    performance necessary to achieve goals
    and objectives
    Goal Setting

    • Sets goals and objectives that are


    personally meaningful and challenging

    • Articulates clear and specific long range


    goals

    • Sets measurable short term objectives


    Systematic Planning and Monitoring

    • Plans by breaking large tasks down into


    time constrained sub-tasks

    • Revises plans in light of feedback on


    performance or changing circumstances

    • Keeps financial records and uses them to


    make business decisions
    Persuasion and Networking

    • Uses deliberate strategies to influence or


    persuade others

    • Uses key people as agents to accomplish


    own objectives

    • Acts to develop and maintain business


    contacts
    Independence and Self Confidence

    • Seeks autonomy from the rules or control


    of others

    • Sticks with own judgment in the face of


    opposition or early lack of success

    • Expresses confidence in own ability to


    complete a difficult task or meet a
    challenge
    APPROACH TO COMPETENCE DEVELOPMENT

    •AWARENESS

    •UNDERSTANDING

    •APPLICATION

    •INTERNALISATION
    APPROACH TO COMPETENCE DEVELOPMENT - 1

    AWARENESS
    Self Awareness : Knowing
    - Diagnostic instruments
    Where one stands with respect
    to entrepreneurial
    competencies

    UNDERTSTANDING
    Exhibiting chosen
    Behaviour:
    Understanding relevance of Providing an -Real life tasks
    Competencies and their Opportunity for -- Simulation of
    Relationship to Exhibiting chosen -Normal business
    Successful performance behaviour -function
    APPROACH TO COMPETENCE DEVELOPMENT – 2
    APPLICATION

    Providing opportunity
    Providing an
    To behave in the
    Desired patterns, I.e, opportunity for -Real life tasks
    By applying exhibiting - Simulation
    competencies chosen behaviour

    INTERNALISATION

    Practicing competencies
    in real life activities/
    -Real life tasks
    Reinforcement -Simulation
    simulation of normal
    business function -Introspection
    EXPERIENTIAL LEARNING CYCLE

    Experiencing
    Activity phase

    Applying
    (planning usage of Publishing
    Experiences) (sharing)

    Generalising
    (developing principles) Processing
    (discussions)

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