8. PERSONAL ENTREPRENEURIAL
COMPETENCIES (PECS)
qualities,
characteristics,
KSA (knowledge, skills, abilities)
behavior
that a person must possess to
become a successful entrepreneur
12. ACHIEVEMENT CLUSTER
4. Demand for quality and efficiency
- do things that meet existing standards
of excellence
- strive to do things better, faster and
cheaper
13. ACHIEVEMENT CLUSTER
5. Risk Taking
- take moderate risks
- state a preference for situations that
involve moderate risks
14. PLANNING CLUSTER
1. Goal setting
-should always have clear and
specific objective
-SMART (specific, measurable,
attainable, realistic and time-bound)
15. PLANNING CLUSTER
2. Information Seeking
- entrepreneurs do not stop seeking
information for their businesses for
improvement of the company
- information-seeking on clients,
supplies, and competitors
16. PLANNING CLUSTER
3. Systematic Planning &
Monitoring
- developing & using logical, step by
step plans, evaluate, monitor
progress & switch to alternative
strategies
17. POWER CLUSTER
1. Self-confidence
- possess a strong believe in their
abilities
- express confidence in their own ability
- they believe their business to be
successful and profitable
18. POWER CLUSTER
2. Persuasion & Networking
- should use deliberate strategies to
influence others
-use their business & personal contact to
accomplish their objectives