Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.
COMPETENCIES OF SUCCESSFUL
ENTREPRENEURS
• Entrepreneurial competencies refer to
key characteristics possessed by
successful entrepreneurs in performing
entreprene...
*PERSONAL
INITIATIVE
*SEIZE
OPPORTUNITIES *ENDURANCE
*INFORMATION
SEEKER
*HIGH WORK
QUALITY
*COMMITMENT TOWARDS
WORK AGREE...
1.PERSONAL INITIATIVE
• An entrepreneur who has strong personal
initiative is able to act immediately on available
opportu...
2.Seize Opportunities
• Entrepreneur grabs or seize opportunities
continuously to make sure thet his business
sustains for...
3.ENDURANCE
• Has to face various barriers and problems
before achieving success.
• Needs to have great strength and coura...
• Faces various problems and risks.
• Example: increase in the cost of raw materials
and decrease in denand for his produc...
4.Information Seeker
• A successful entrepreneur is able to seek
information,that is he has done some research
to obtain i...
5.High Work Quality
• Places care on quality and can be seen as having
the urge to sell or produce products of high
qualit...
• Products of high quality will bring profitable
returns to an entrepreneur as it ensures the faith
of customers towards t...
6.COMMITMENT TOWARDS WORK
AGREEMENTS
• Entrepreneur devotes total commitment to the
venture.
• This commitment help the en...
Competencies of successful entrepreneurs
Upcoming SlideShare
Loading in …5
×

Competencies of successful entrepreneurs

6,061 views

Published on

Competencies of successful entrepreneurs

Published in: Education
  • Be the first to like this

Competencies of successful entrepreneurs

  1. 1. COMPETENCIES OF SUCCESSFUL ENTREPRENEURS
  2. 2. • Entrepreneurial competencies refer to key characteristics possessed by successful entrepreneurs in performing entrepreneurial functions effectively. • They listed 13 entrepreneurial competencies possessed by successful entrepreneurs.
  3. 3. *PERSONAL INITIATIVE *SEIZE OPPORTUNITIES *ENDURANCE *INFORMATION SEEKER *HIGH WORK QUALITY *COMMITMENT TOWARDS WORK AGREEMENT
  4. 4. 1.PERSONAL INITIATIVE • An entrepreneur who has strong personal initiative is able to act immediately on available opportunities and choose best strategy when he face a problem. • Initiative allows an entrepreneur to be alert and proactive. • Example:Does things before being asked or compelied by the situation.
  5. 5. 2.Seize Opportunities • Entrepreneur grabs or seize opportunities continuously to make sure thet his business sustains for a long time in the industry. • Focuses,identifies and exploits business opportunities. • Maximizes his thinking capacity by finding sulutions to problems faced by community. • Examples:seize unusual opportunities to obtain financing,equipment ,land ,work space or assistance.
  6. 6. 3.ENDURANCE • Has to face various barriers and problems before achieving success. • Needs to have great strength and courage within him. • Strong enough to face problems and barriers courageously. • He would never give up accomplishing his vision and tries to deal with barriers that block his path to achieving success.
  7. 7. • Faces various problems and risks. • Example: increase in the cost of raw materials and decrease in denand for his products.
  8. 8. 4.Information Seeker • A successful entrepreneur is able to seek information,that is he has done some research to obtain information and received feedback from customerr in order to provide a good product or service that can gain customer satisfaction and acceptance. • Examples:do a personal research on how to provide a product or service.
  9. 9. 5.High Work Quality • Places care on quality and can be seen as having the urge to sell or produce products of high quality. • He always makes a comparison of his work quality with those of others to make sure his products are always better. • The continuous prooduction of quality products and services will determine the customers's faithfulness ,commitment and satisfaction.
  10. 10. • Products of high quality will bring profitable returns to an entrepreneur as it ensures the faith of customers towards the products. • Example: states a desire to produce or sell a top or better quality products and service.
  11. 11. 6.COMMITMENT TOWARDS WORK AGREEMENTS • Entrepreneur devotes total commitment to the venture. • This commitment help the entrepreneur to recify mistakes and overcome obstacles which threaten business operation. • His commitment to ideas and ventures determine how successful those ventures ultimately become. • Example:makes a personal sacrifice or expands extraordinary effort to complete a job.

×