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  • PECS

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    Marlene Morga
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    This document defines entrepreneurship and entrepreneurial competencies. It states that an entrepreneur is someone who organizes, manages, and assumes the risks of a business. Entrepreneurial competencies refer to the important characteristics that an individual should possess to effectively perform entrepreneurial functions. It then lists key entrepreneurial characteristics including being hardworking, self-confident, disciplined, committed, able to accept change, creative, having initiative, being profit-oriented, able to plan strategically, having strong people skills, and able to make decisions quickly. It concludes by asking the reader to imagine owning a cookery business and whether they would feel confident managing it, and to explain their answer.

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    This document defines entrepreneurship and entrepreneurial competencies. It states that an entrepreneur is someone who organizes, manages, and assumes the risks of a business. Entrepreneurial competencies refer to the important characteristics that an individual should possess to effectively perform entrepreneurial functions. It then lists key entrepreneurial characteristics including being hardworking, self-confident, disciplined, committed, able to accept change, creative, having initiative, being profit-oriented, able to plan strategically, having strong people skills, and able to make decisions quickly. It concludes by asking the reader to imagine owning a cookery business and whether they would feel confident managing it, and to explain their answer.

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    24 views7 pages

    PECS

    Uploaded by

    Marlene Morga
    This document defines entrepreneurship and entrepreneurial competencies. It states that an entrepreneur is someone who organizes, manages, and assumes the risks of a business. Entrepreneurial competencies refer to the important characteristics that an individual should possess to effectively perform entrepreneurial functions. It then lists key entrepreneurial characteristics including being hardworking, self-confident, disciplined, committed, able to accept change, creative, having initiative, being profit-oriented, able to plan strategically, having strong people skills, and able to make decisions quickly. It concludes by asking the reader to imagine owning a cookery business and whether they would feel confident managing it, and to explain their answer.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
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    of 7

    PECS

    PERSONAL
    ENTREPRENEURIAL
    COMPETENCIES
    ENTREPRENEUR
    ONEWHO ORGANIZES,
    MANAGES, AND
    ASSUMES THE RISKS OF
    A BUSINESS OR
    ENTERPRISE
    ENTREPRENEURIAL
    COMPETENCIES
    REFER TO THE IMPORTANT
    CHARACTERISTICS THAT
    SHOULD BE POSSESSED BY AN
    INDIVIDUAL IN ORDER TO
    PERFORM ENTREPRENEURIAL
    FUNCTIONS EFFECTIVELY.
    ENTREPRENEURIAL
    CHARACTERISTICS
    HARDWORKING- HABITUALLY
    WORKING DILIGENTLY FOR A
    LONG PERIOD OF TIME.
    SELF-CONFIDENT- HAVE
    CONFIDENCE IN ONE’S ABILITY
    AND OWN JUDGMENT.
    DISCIPLINED- ALWAYS STICK
    TO THE PLAN
    COMMITTED- ACCEPTS FULL
    RESPONSIBILITY
    ABLE TO ACCEPT CHANGE-
    FACE AND COPE WITH
    CHANGES.
     CREATIVE- INNOVATIVE TO HAVE AN EDGE OVER THE
    OTHER COMPETITORS
     HAS THE INITIATIVE- YOU MUST PUT YOURSELF IN A
    POSITION WHERE YOU ARE RESPONSIBLE FOR THE
    FAILURE OR SUCCESS OF YOUR BUSINESS.
     PROFIT ORIENTED- ENTREPRENEURS GENERATE PROFIT
    OR ADDITIONAL INCOME.
     PLANNING- STRATEGIC THINKING AND SETTING OF
    GOALS
     PEOPLE SKILLS- EFFECTIVE AND EFFICIENT
    COMMUNICATION AND RELATION TO PEOPLE WORKING
    IN YOUR BUSINESS.
     DECISION MAKING- HAVE THE ABILITY TO THINK
    QUICKLY
    ACTIVITY 1:

    IFYOU WILL BE GIVEN AN


    OPPORTUNITY TO OWN A
    BUSINESS THAT RELATES TO
    COOKERY WHAT IS IT? ARE YOU
    CONFIDENT TO MANAGE IT?
    EXPLAIN YOUR ANSWER.

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