ENTREPRENEURIAL COMPETENCIES

 Entrepreneurial competency

        Entrepreneurial competency refers to the underlying characteristics possessed by a person, which results in new venture creation , its development and realisation of its goals.

          Categories of Entrepreneurial Competencies

I .Behavioral/ personal Competency- These are basic competencies.They are

* Initiative

*Systematic Planning 

*Creativity and innovation 

*Risk taking and risk management 

*problem solving

* persistence

*Quality performance 

*Information management  

II. Enterprise launching competencies- These are knowledge, skills, motives, attitudes and habits.It requires

*Understanding the nature of business 

*Utilisation of existing opportunities 

*Conversation of adversities into opportunities. 

*Developing business plan.

III.Enterprise Managing Conptencies-

It means competency to manage all the resources employed in the business. It includes 

*plan goals and objectives 

* should control business 

*Manage human resources,finance, customers etc..