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Common and Core Competencies in Entrepreneurship

The document discusses common and core competencies of entrepreneurship. It outlines 7 common traits entrepreneurs should have, including being proactive, agents of change, risk takers, having a sharp eye for opportunities, being sociable, networking skills, and decisiveness. It also lists 3 core traits for running a business, which are being a leader, effective communicator, and subject matter specialist. Entrepreneurs are also described as problem solvers who can address issues before they occur.

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Amethyst Llacuna
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230 views5 pages

Common and Core Competencies in Entrepreneurship

The document discusses common and core competencies of entrepreneurship. It outlines 7 common traits entrepreneurs should have, including being proactive, agents of change, risk takers, having a sharp eye for opportunities, being sociable, networking skills, and decisiveness. It also lists 3 core traits for running a business, which are being a leader, effective communicator, and subject matter specialist. Entrepreneurs are also described as problem solvers who can address issues before they occur.

Uploaded by

Amethyst Llacuna
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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OVERVIEW OF

ENTREPRENEURSHIP:

COMMON AND CORE COMPETENCIES


IN ENTREPRENEURSHIP

LIFECOLLEGE
MOLDING CHAMPIONS
COMMON AND CORE COMPTENECIES
IN ENTREPRENEURSHIP
COMMON TRAITS THAT ENTREPRENEURS SHOULD ALWAYS HAVE

1. PROACTIVE
They address issues, problems, and challenges before they come rather than when they
already happened. They ensure that proper research is done, the risk factors are assessed,
and plans are executed on a timely and most efficient way.

2. AGENTS OF CHANGE
Entrepreneurs are innovation champions. They see opportunities in hopeless and
complex situation.

3. RISK TAKERS
Entrepreneurs will not be successful if they do not take risks. By
taking risks, entrepreneurs dot not just grab opportunities left
and right.

4. HAVE A SHARP EYE FOR OPPORTUNITIES


Entrepreneurs have a talent for recognizing an
opportunity even by using the macro-level data only.
COMMON AND CORE COMPTENECIES
IN ENTREPRENEURSHIP
COMMON TRAITS THAT ENTREPRENEURS SHOULD ALWAYS HAVE

5. SOCIABLE
Soft skills are one of the most important competencies of entrepreneurs as these establish
the relationship with the most important assets of the company – its people and its
customers.

6. NETWORKER
A networker knows the key people to connect with. Networking can be very
intimidating task, for it takes a lot of guts to pull it off.

7. DECISIVE
Entrepreneurs always have a decision about their business. They
make sure that all aspects of their business have clear objectives
and strategies.
COMMON AND CORE COMPTENECIES
IN ENTREPRENEURSHIP
COMMON TRAITS THAT ENTREPRENEURS SHOULD ALWAYS HAVE

8. BALANCE
The minds entrepreneurs should have balance between the analytical and the creative
side. Their brains are always playing with “unique ideas” that no one has ever thought.
Entrepreneurs always have “Eureka!” moments and enjoy them.

7. INNOVATIVE
The minds od entrepreneurs are rich with the big ideas that can add value to their
existing business or cold become a game changer in the industry or business
where they belong
COMMON AND CORE COMPTENECIES
IN ENTREPRENEURSHIP
CORE TRAITS THAT ENTREPRENEURS SHOULD DEVELOP IN MANAGING AND
RUNNING THE BUSINESS

LEADERS
To be a successful leaders, they must be a source of inspiration for their employees.
The must be very humble, approachable, friendly and also know how to listen to
people’s concern.
COMMUNICATORS
Entrepreneurs know how to use all forms of communication to effectively share
ideas and address certain concerns with their customers or employees.

SPECIALISTS
Entrepreneurs are experts in their chosen business.
PROBLEM SOLVERS
Entrepreneurs possess critical thinking skills and
look at problems as challenges or puzzles that
they need to solve.

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