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COMPETENCIES OF SUCCESSFUL
ENTREPRENEURS
• Entrepreneurial competencies refer to
key characteristics possessed by
successful entrepreneurs in performing
entreprene...
*PERSONAL
INITIATIVE
*SEIZE
OPPORTUNITIES *ENDURANCE
*INFORMATION
SEEKER
*HIGH WORK
QUALITY
*COMMITMENT TOWARDS
WORK AGREE...
1.PERSONAL INITIATIVE
• An entrepreneur who has strong personal
initiative is able to act immediately on available
opportu...
2.Seize Opportunities
• Entrepreneur grabs or seize opportunities
continuously to make sure thet his business
sustains for...
3.ENDURANCE
• Has to face various barriers and problems
before achieving success.
• Needs to have great strength and coura...
• Faces various problems and risks.
• Example: increase in the cost of raw materials
and decrease in denand for his produc...
4.Information Seeker
• A successful entrepreneur is able to seek
information,that is he has done some research
to obtain i...
5.High Work Quality
• Places care on quality and can be seen as having
the urge to sell or produce products of high
qualit...
• Products of high quality will bring profitable
returns to an entrepreneur as it ensures the faith
of customers towards t...
6.COMMITMENT TOWARDS WORK
AGREEMENTS
• Entrepreneur devotes total commitment to the
venture.
• This commitment help the en...
Competencies of successful entrepreneurs
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Competencies of successful entrepreneurs

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Competencies of successful entrepreneurs

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Competencies of successful entrepreneurs

  1. 1. COMPETENCIES OF SUCCESSFUL ENTREPRENEURS
  2. 2. • Entrepreneurial competencies refer to key characteristics possessed by successful entrepreneurs in performing entrepreneurial functions effectively. • They listed 13 entrepreneurial competencies possessed by successful entrepreneurs.
  3. 3. *PERSONAL INITIATIVE *SEIZE OPPORTUNITIES *ENDURANCE *INFORMATION SEEKER *HIGH WORK QUALITY *COMMITMENT TOWARDS WORK AGREEMENT
  4. 4. 1.PERSONAL INITIATIVE • An entrepreneur who has strong personal initiative is able to act immediately on available opportunities and choose best strategy when he face a problem. • Initiative allows an entrepreneur to be alert and proactive. • Example:Does things before being asked or compelied by the situation.
  5. 5. 2.Seize Opportunities • Entrepreneur grabs or seize opportunities continuously to make sure thet his business sustains for a long time in the industry. • Focuses,identifies and exploits business opportunities. • Maximizes his thinking capacity by finding sulutions to problems faced by community. • Examples:seize unusual opportunities to obtain financing,equipment ,land ,work space or assistance.
  6. 6. 3.ENDURANCE • Has to face various barriers and problems before achieving success. • Needs to have great strength and courage within him. • Strong enough to face problems and barriers courageously. • He would never give up accomplishing his vision and tries to deal with barriers that block his path to achieving success.
  7. 7. • Faces various problems and risks. • Example: increase in the cost of raw materials and decrease in denand for his products.
  8. 8. 4.Information Seeker • A successful entrepreneur is able to seek information,that is he has done some research to obtain information and received feedback from customerr in order to provide a good product or service that can gain customer satisfaction and acceptance. • Examples:do a personal research on how to provide a product or service.
  9. 9. 5.High Work Quality • Places care on quality and can be seen as having the urge to sell or produce products of high quality. • He always makes a comparison of his work quality with those of others to make sure his products are always better. • The continuous prooduction of quality products and services will determine the customers's faithfulness ,commitment and satisfaction.
  10. 10. • Products of high quality will bring profitable returns to an entrepreneur as it ensures the faith of customers towards the products. • Example: states a desire to produce or sell a top or better quality products and service.
  11. 11. 6.COMMITMENT TOWARDS WORK AGREEMENTS • Entrepreneur devotes total commitment to the venture. • This commitment help the entrepreneur to recify mistakes and overcome obstacles which threaten business operation. • His commitment to ideas and ventures determine how successful those ventures ultimately become. • Example:makes a personal sacrifice or expands extraordinary effort to complete a job.

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