Sabado, Hunyo 11, 2011

Assignment #3

Entrepreneurial competencies
 

      A competence is an underlying characteristic of persons, which results in effective and /or superior performance in a job. A job competence is an underlying characteristics of a person, in that it may be motive ,traits, skills ,aspect of ones self-image a body of knowledge ,set of skills and cluster of appropriate motives/ traits that an individual possess to perform a given task.
The knowledge of entrepreneurial competence has been sharpened over the last 3 decades. The following is a list of major competencies that contribute towards top performance.

1. INITIATIVE:
  • Takes action that goes beyond job requirements or the of the situation. 
  • Does things before being asked or forced to by events. 
  • Acts to extend the business into new areas, products, or service.
2. SEES AND ACTS ON OPPORTUNITIES:

  • Looks for and action on opportunities. 
  • Sees and acts on opportunities (business, educational or personal growth). 
  • Seizes unusual opportunities to obtain financing equipment, land, work space. or assistance.
3. PERSISTENCE:   
  • Takes repeated action to overcome obstacles that get in the way of reaching goals.  
  • Takes repeated or different action to overcome obstacle. 
  • Takes action in the face of a significant obstacle.
4. INFORMATION SEEKING:

  • Takes action on own to get information to help reach objectives or clarify problems. 
  • Does personal research on how to provide a product or service. 
  • Consults experts for business or technical advice. 
5. CONCERN FOR QUALITY OF WORKS
  • Acts to do things that meet or beat existing standards of excellence. 
  • States a desire to produce work of high quality.  
  • Compares own work or own company’s work favorably to that of others.
6. COMMITMENT TO WORK CONTRACT:  
  • Acts to do things that place the highest priority on getting a job completed. 
  • Accepts full responsibility for problems in completing a job for others. 
  • Pitches in with workers or works in their place to get the job done.
  •  Expresses a concern for satisfying the customer.
7. EFFICIENCY ORIENTATION :
  • Finds ways to do things faster or with fewer resources or at a lower cost.
  •  Looks for or finds ways to do things faster or at less cost . 
  • Uses information or business tools to improve efficiency.
  •  Expresses concern about costs vs. benefits of some improvements, change, or course of action.
8. SYSTEMATIC PLANNING
  • Develops and uses logical ,step-by-step plans to reach goals. 
  • Plans by breaking a large task down into sub-tasks. 
  • Develops plans that anticipate obstacles. 
  • Evaluates alternatives. 
  • Takes a logical and systematic approach to activities.
9. PROBLEM SOLVING
  • Identifies new and potentially ideas to reach goals.
  • Switches to an alternative strategy to reach goal.
  • Generates new ideas or innovative solutions.
10. SELF-CONFIDENCE:

  • Has a strong belief in self and own abilities . 
  • Expresses confidence is own ability to complete a task or meet a challenge. 
  • Sticks to own judgment in the face of opposition or rarely lack of success. 
  • Does something that he says is risky.
11. ASSERTIVENESS: 
  • Confronts problems and issues with others directly.
  • Tells others what they have to do. 
  • Reprimands or disciplines those failing to perform as expected.
12. USE OF INFLUENCE STRATEGIES: 
  • Uses a variety of strategies to influence others. 
  • Acts to develop business contacts
  • Uses influential people as agents to accomplish own objectives.
  • Selectively limits the information given to others.
13. MONITORING:

  • Develops or uses procedures to ensure that work is completed or that work gets standards or quality. 
  • Personally supervises all aspects of a project. 
14. CONCERN FOREMPLOYEE WELFARE:  
  • Takes action to improve the welfare of employees. 
  • Takes positive action in response to employee’s personal concerns.
  • Express concern about the welfare of employees. 
Developing Entrepreneurial competencies:

      Entrepreneurial competencies can be developed by understanding what a particular competence when someone else exhibits the same. Having understood a given competence and having been able to recognize the same when someone else exhibits, the next step is to find out where one stands with respects to a given competency."SELF-RATING QUESTIONNAIRE". May be used to understand one’s level of competencies and those that are not a part of one’s personality but one would like to acquire those competencies and strengthen others. Any new behavior one acquires would basis in various activities.
      Having understood a competence and having practiced the same in a given situation, one needs to introspect to find out how one’s “new behavior” or act of exhibiting a competence has been rewarding .greater the benefit , more will be one’s determination to continue exhibiting the competence in a variety of situations. 

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