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Areyouready?
LESSON 3:
The Competencies
of an Effective
Entrepreneur
LEARNING
OUTCOMES:
At the end of this module the
students must have:
• Described the
competencies required
for an effective
entrepreneur.
Let’s play this
entrepreneur trivia quiz!
Who’s Who?
Guessthe
Entrepreneur
Battle
EasyLevel
A. Henry Sy
B. Mu Xui
C. Jack Ma Yun
Co- founder of Alibaba
C.
A. Henry Sy
B. Henry Ford
C. Jack Ma Yun
Founder of Ford Motor Co.
B.
A. Bill Gates
B. Paul Allen
C. Henry Sy
Co- Founder of Microsoft
B.
AverageLevel
A. Debbie Fields
B. Paul Allen
C. John Gokongwei
Founder of J. G Holdings
C.
A. Lucio Tan
B. Tony Tan
Caktiong
C. John
Gokongwei
Jollibee Man
B.
A. Debbie Fields
B. Paul Allen
C. Rosemar Tan
Founder of Mrs. Fields Cookies
A.
difficultlevel
A. Bill Gates
B. Paul Allen
C. Henry Sy
Founder of SM
C.
Congratulations!
You're such a word genius! Einstein is trembling.
Thankyou
forplaying!
Major
Entrepreneurial
Competencies for a
successful
entrepreneur
Entrepreneurial
competencies refer to key
characteristics possessed by
successful entrepreneurs in
performing entrepreneurial
functions effectively.
An entrepreneur is a person who
creates something new and assumes the
risks and rewards associated with that
innovation. There are some major
competencies that lead to superior
entrepreneurial performance. These are as
follows:
Game
Resource
Page
Use these icons in
your game. Enjoy!
1. Initiative : It is an entrepreneur who
initiates a business activity.
2. Looking for opportunities: Entrepreneur
always looks for an opportunity and takes
appropriate actions accordingly.
3. Persistence : He follows the
Japanese proverb “Fall seven times;
stand up eight”. He makes repeated
efforts to overcome harriers.
4. Information
seeker: Entrepreneur always
searches for information from
various researchers and
consulting experts.
5. Quality Conscious: An entrepreneur
always tries to beat the existing standard of
quality.
6. Committed to working: Entrepreneur
does every sacrifice to get the task
completed.
7. Efficiency seeker:
Entrepreneur always tries to get
the task completed within
minimum costs and time.
8. Problem
Planning: Entrepreneur always
tries to develop realistic and
proper plans and then executes
carefully to accomplish the task.
9. Problem solver: Entrepreneur always
tries to find out ways and means to tide
over the difficult times.
10. Self-confidence: Entrepreneur has a
strong belief in his strengths and abilities.
11. Assertive: Entrepreneur is always
assertive.
12. Persuasive: Entrepreneur is able to
successfully persuade others to do what he
actually wants from them.
13. Efficient
monitors: Entrepreneur
personally supervises the work so
that it is done as per the desired
standard.
14. Employees’ well-
wisher: Entrepreneur has great
concern and also takes the necessary
steps to improve the welfare of the
employees.
15. Effective
strategists: Entrepreneur introduces
the most effective strategies to affect
employees to achieve the enterprise
goal.
Thankyou
forlistening!

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