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.
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.
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.
- 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.
- 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.
- 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.
- Identifies new and potentially ideas to reach goals.
- Switches to an alternative strategy to reach goal.
- Generates new ideas or innovative solutions.
- 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.
- Confronts problems and issues with others directly.
- Tells others what they have to do.
- Reprimands or disciplines those failing to perform as expected.
- 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.
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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