Personal

Entrepreneurial
Competencies
(PECs)
ENTREPRENEURSHIP
both art and science of converting
business ideas into marketable
products or services to improve
the quality of living.
Strategies process of innovation
and new product creation.
Who are the entrepreneurs?
with the skills and capabilities to see
and evaluate business opportunities.
individuals who can strategically
identify products or services needed
by the community, and have the
capacity to deliver them at the right
time and at the right place.
agents of economic change.
born and made
3 MAIN CLUSTERS OF PECS

1. ACHIEVEMENT CLUSTER
set of characteristics that are
present in an individual in order
to attain the desired goals and
objectives.
2. PLANNING CLUSTER
includes proper preparation
and assessment of strategies
needed to start a business.
3. POWER CLUSTER
ability of one’s self to
have influence, authority
and controlled over others
decisions.
 ENTREPRENEURIAL
COMPETENCIES
refer to the important
characteristics that should be
possessed by an individual in order
to perform entrepreneurial
functions effectively.
1. Hardworking
- working
industriously
and being
consistent about
it
2. Self-Confident
- reliance in one’s
ability and
judgment
3. Future-Oriented
- aim to build a
secure job and
ensuring it’s
stability
4. Committed
- assume full
commitment,
responsibility and
solid dedication over
their business
5. Copes with
failures
- ability to deal with
and thrive on
frustrations and
failures
6. Goal-Oriented
- ability to set a
realistic targets
7. Has the initiative
- being responsible for the
failure or success of the
business
8. Profit-oriented
- see to it that the
business can generate
income.
9. Persistent
-strong-
willed, patient
and be able to
stick and
follow your
own belief
10. Responds or Open
to Feedback
- obtaining useful
comments and advice
from others
11. Willing to Listen
-being able to
heed the
advice
of others
12. Sets Own Standards
- developing and
using step-by-step
plans to reach the goals
13. Copes with Uncertainty
- know how to handle
unusual events that
may happen in the
business
14. Builds on Strengths
-ability to make and
use a wide network
of contacts
to builds
your
business
15. Reliable and has
Integrity
- being honest,
fair and
trustworthy
16. Risk-Taker
- ability to take
measures or
calculated
threats
 ENTREPRENEURIAL SKILLS
1. Excellent Planner
- involves strategic
thinking and goal setting
achieve objectives
- develops and follows the
steps in the plans diligently.
- knows that planning is
effective when combined
with action.
2. Possesses people skills
- effective and efficient
communication and
establishing good
relationship to the
people working in
and out of the
business.
3. Sound decision maker
- ability to think quickly and
to make wise decisions
towards a pre-determined
objectives.