What are the Personal Entrepreneurial Characteristics under the following

cluster?
a) Achievement cluster
 Opportunity-Seeking and Initiative
 Sees and acts on new business opportunities.
 Persistence
 A persistence individual takes repeated or different actions to
overcome obstacles to his/her goals.
 Stick to his judgment in the face of opposition or early lack of
success.
 Makes personal sacrifices.
 Commitment to the Work Contract
 Accept full responsibility.
 Pitch in for others to finish the job.
 Express concern towards the customer.
 Demand for Quality and Efficiency
 Do things that meet existing standards of excellence.
 Strive to do things better, faster, and cheaper.
 Risk Taking
 Takes moderate risks.
 State a preference for situations that involve moderate risks.
b) Planning cluster
 Goal-Setting
 Should always have a clear and specific objective--- a long-term
and short term objectives.
 Are guided by the word SMART (specific, measurable, attainable,
realistic, and time-bound)
 Information-Seeking
 Entrepreneurs do not stop seeking information for their businesses
for improvement of the company.
 Information-seeking on clients, supplies, and competitors.
 Systematic Planning and Monitoring
 Developing & using logical, step by step plans, evaluate, monitor
progress & switch to alternative strategies.
c) Power cluster
 Persuasion and Networking
 Should use deliberate strategies to influence others.
 Use their business & personal contact to accomplish their
objectives.
 Independence and Self-Confidence
 Possess a strong believe in their abilities.
 Express confidence in their own ability.
 They believe their business to be successful and profitable