COMPETENCIES IN

ENTREPRENEURSHIP
AND JOB OPPORTUNITIES FOR
ENTREPRENEURSHIP AS A CAREER
 EXPECTATIONS
After going through the module, you are expected to:
1. Gain insights about the competencies every
Entrepreneur should
develop.
2. Explore job opportunities for Entrepreneurship as a
career.
 ACTIVITY # 1
DIRECTIONS: To check your prior knowledge about the topic, please list down at least five (5)
competencies in entrepreneurship and five (5) job opportunities for Entrepreneurship as a
career. Write your answer on yellow pad.

Competencies in Entrepreneurship Job opportunities for Entrepreneurship as a career

1 1

2 2

3 3

4 4

5 5
 As you go further, let us try to recall
about the concept of Entrepreneurship.
Entrepreneurship is a catchword in this
era of globalized economy. It is a
foundation and catalyst for economic
growth and innovation across nations
(Edralin, D. M.,2016).
 Common Elements of Entrepreneurship
(Edralin, D. M., 2016):
Innovation
 Opportunity seeking and exploitation
 Resource mobilizing
 Encountering risks and uncertainties
 Economic and personal rewards
 Roles of Entrepreneurship and Entrepreneurs in Economic
Development and Society (Edralin, D. M., 2016):

•Creates employment
•Develops new markets
•Introduces innovation
•Generates new sources of materials
•Stimulates investment interest in the new
business ventures being created
•Improves the quality of life
•Serves as role models
•Brings social benefits to the people
•Utilizes and mobilizes indigenous
resources
•Provides more alternatives for
consumers
 Entrepreneurs are found everywhere around
the globe and they are a distinct group of
business people who contribute to the
development of the society. They are the
founder and creator of the enterprise who make
use of the opportunities that abound to start or
grow business, knowing that there are risks
involved in such undertaking (Edralin, D. M.,
2016).
 ACTIVITY # 2
DIRECTIONS: Give the meaning of the following word/phrase in each item. You may
use the internet to define the given word/phrase. Write your answer on a yellow pad.

1. Competency______________________________________________________________
2. Job Opportunities _________________________________________________________
3. Enterprise________________________________________________________________
4. Creative thinking _________________________________________________________
5. Managing Change _________________________________________________________
 BRIEF INTRODUCTION

Are entrepreneurs born or

made?
 This question has long been debated with little agreement.
However, as cited by Longenecker, J.G., et.al. (2016), Stephen
Spinelli and Robert Adams described entrepreneurs as having and
exhibiting “desirable and acquirable attitudes and behaviors” such as
commitment and determination, leadership, opportunity obsession,
risk-takers, motivation to excel, creativity, self-reliance, and
adaptability. According to (www.ideasforleaders.com), competencies
such as risk seeking, assertiveness and vision are considered typical of
a successful entrepreneur. But these are innate predispositions or
aspects of temperament; by using them as yardstick, it is wrongly
concluded that only certain types of people make good entrepreneurs
or are capable of worthwhile innovations.
 Is there such a thing as a ‘natural-born entrepreneur’?

Accordingly there is not. Specific techniques and

habits must be practiced and developed by all would-be
entrepreneurs. Aside from business competencies,
entrepreneurs need interpersonal and self-leadership
skills too; however, these are often overlooked.
Entrepreneurial behavior‟ can be learned and
developed (www.ideasforleaders.com).
 The question is not who entrepreneurs
are, but what they do, and more important
than business skills can be other
competencies that provide a foundation for
those business skills
(www.ideasforleaders.com).
Furthermore, according to www.ideasforleaders.com,
there are three levels of competencies, which all
entrepreneurs need:

1. Personal competencies
2.Interpersonal competencies
3. Business competencies
 Personal Competencies
These are your abilities to ground yourself
so that you are secure and self-assured in
whatever situation you may find yourself
(www.free-management-ebooks.com).
Ex. creativity, determination, integrity,
self-criticism
 Interpersonal competencies
These are your ability to lead, influence,
communicate, supervise, negotiate, and control
people at all levels. It is the ability to get along
with people and motivate people to perform jobs.
Entrepreneurs must effectively manage people
(baseread.com).
Ex. communication, engagement, delegation
 Business Competencies
These are set of particular abilities and knowledge
that sets a company apart from its competitors
(yourbusiness.azcentral.com). It also refers to the key
characteristics that successful entrepreneurs should
have in order to be successful (www.mustangbols.com).
Ex. business vision, financial management, networking
Core vs. Common Competencies
in Entrepreneurship
 Competencies in entrepreneurship

play a leading role in making

entrepreneurs successful
(baseread.com).
 Entrepreneurial competencies
facilitate opportunity recognition, help adapt rapidly
to changes, enhances business performance,
strengthen the firm’s competitive position and stir the
achievement of organizational success. It is the sum
total of the personality, skills and knowledge that the
entrepreneur possesses, which are necessary to
effectively perform their functions and responsibilities
(Edralin, D. M., 2016).
 Competence

is an underlying personal characteristic

which leads to superior performance. It is a
combination of knowledge, skills, attitudes,
and motives (baseread.com).
 Core Competence
is the foundation for sharpening a
company's competitive edge and it
guides brand reputation, business
growth, and marketing strategy
(www.thebalancesmb.com).
 Common Competence

is one that describes the

knowledge, skills and abilities
found in most or all position
(www.ifpm.nifc.gov).
 Examples of Core and Common
Competencies in Entrepreneurship
Core Competencies Common Competencies
1. Organizing and Planning 1. Analytical and critical thinking

2. Cash flow management 2. Decision making

3. Personnel management
4. Operations and distribution
5. Customer Relations
6. Bookkeeping/Accounting
7. Promotions and Advertising
8. Resources Management
9. Financial Management
10. Information Management
3. Leadership
4. Communication
5. Computer Literacy
6. Human Relations
7. Managing Change
8. Creative Thinking
9. Time Management
10. Conflict Management
 Job Opportunities for Entrepreneurship as
a Career
If you’re an aspiring entrepreneur, there
are different career paths you can take to
turn your dream into a reality. Which path
you choose will depend on your experience,
skills, finances, and flexibility, as well as your
goals for the future (Doyle, A., 2020).
 Career opportunities you
might pursue according to
Michalowicz (2011) as cited
by Edralin, D. M., 2016):
Entrepreneurship Career Opportunities Entrepreneurship Career Opportunities
for the Academic Track for the TECHVOC Track

• Business Consultant Fine Arts

• Sales • Artist
• Research and development • Graphic designer
• Not-for-profit fundraiser • Photographer
• Teacher • Art gallery manger
• Talent recruiter • Film director
• Business reporter Fashion Designing
• New venture creation • Designer wear production
• Career in existing • Fashion marketing, planning
entrepreneurial ventures and concept management
Entrepreneurship Career Entrepreneurship Career Opportunities
Opportunities for the TECHVOC Track
for the Academic Track

Fashion Designing
• Fashion media design management
• Fashion accessory design, quality
control, and promotion brands
• Costume designer
• Fashion consultant and personal stylist
• Technical designer and graphic designer
• Fashion coordinator
Entrepreneurship Career Entrepreneurship Career Opportunities
Opportunities for the TECHVOC Track
for the Academic Track

Sports
• Health club manager
• Strength, wellness or conditioning coach
• Fitness program or event planning
manager
• Professional or amateur team manager
• Sports facility manger
• Corporate fitness director
• Rehabilitation center director
• Nutrition center manager
Entrepreneurship Career Entrepreneurship Career Opportunities
Opportunities for the TECHVOC Track
for the Academic Track

Other TECHVOC Track

• Cook/Chef
• Automotive mechanic
• Electrician
• Technical support specialist
• Tool keeper and technician
• Network support Associate
• Mechanical technologist
Note:
Most would-be entrepreneurs,
however, remain self-employed,
preferring to be the boss.
 Reasons why many would like to become an entrepreneur
(www.scu.edu):

1. Achievement, Challenge, &

5. Family
Learning
2. Independence & Autonomy – you 6. Dissatisfaction with
can set your own goals, pick their Current Work Arrangements
own partners, and face the
consequences of your decisions.
7. Community and Social
Motivation
3. Income Security and Financial
Success
4. Recognition and Status
Activity 3. Read and analyze the facts about the competencies in Entrepreneurship
below. Determine whether the statement is TRUE OR FALSE. Write TRUE if the
statement is correct and write FALSE if otherwise. Write your answer on a yellow
pad.

1. Entrepreneurship can be learned by anyone, it’s not

something that can simply learn in a classroom.
2. Certain skills, such as communication, delegating and
respecting others can only be acquired through practice and
developing „habits of character
3. Habits of character may not strictly be related to business
but are to do with the kind of person the entrepreneur is and
what he/she does.
4. An entrepreneur has to have certain cultivated and
inherent qualities in order to make a success of his or her
venture.
5. Hard work and determination to win have made many
successful business people to reach their aspired goals.
6. An Entrepreneur must hesitate for personal or other
reasons.
7. Business involves many risks, which an entrepreneur
must hesitate to take.
8. New ideas help make a business venture
successful.
9. Certain attributes are essential for an
Entrepreneur to establish his or her business
on sound footing.
10. The only way to acquire the habits
essential for entrepreneurs is by acting in a
way inconsistent with them.
Activity 4. Read and analyze the competencies below that every entrepreneur
should develop and identify whether this refers to Personal Competencies,
Interpersonal Competencies, or Business Competencies. Write your answer on a
yellow pad.

Competencies Type of Com. Competencies Type of Com.

1. Emotional balance 6. Resource

Management skill
2. Negotiation skills 7. Resiliency
3. Leadership skills 8. human relation
4. Persistence 9. Respect
5. Charisma 10. Tenacity
End of Slide