ENTREPRENEURIAL

COMPETENCIES

ENTREPRENEURIAL
COMPETENCIES
The term "ENTREPRENEURIAL
COMPETENCIES" refers to the key
characteristics that should be possessed
by successful entrepreneurs in order to
perform entrepreneurial functions
effectively
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13ENTREPRENEURIALCOMPETENCIES
OfSuccessfulEntrepreneurs(McClelland&McBer,1985)
1. Iniative
2. Sees&Actson
Opportunities
3. Persistence
4. InformationSeeking
5. ConcernforHighQuality
ofWork
6. CommitmenttoWork
Contract
7. EfficiencyOrientation

8.SystematicPlanning
9.ProblemSolving
10.Self-Confidence
11.Assertiveness
12.Persuasion
13.UseofInfluence
Strategy

Entrepreneurial Competencies
McClellandandMcBer(1985)

1. Initiative
The entrepreneur should be able to take actions that go
beyond his job requirements and to act faster. He is
always ahead of others and able to become a leader in
the field of business.

Examples
Doesthingsbeforebeingaskedorcompelledbythesituation.
Actstoextendthebusinessintonewareas,productsorservices
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2. Sees and acts on opportunities

An entrepreneur always looking for and taking
action on opportunities.
Examples
Seesandactsonnewbusinessopportunities
Seizesunusualopportunitiestoobtainfinancing,equipment,
land,workspaceorassistance

3. Persistence
An entrepreneur is able to make repeated efforts or to
take different actions to overcome an obstacle that get
in the way of reaching goals.
Examples
Takesrepeatedordifferentactionstoovercomeanobstacle
Takesactioninthefaceofasignificantobstacle

4. Information Seeking
An entrepreneur is able to take action on how to seek
information to help achieve business objectives or clarify
business problems.
Examples
Doespersonalresearchonhowtoprovideaproductor service
Consultsexpertsorexperiencedpersonstogetrelevantinformation
Seeksinformationorasksquestionstoclarifyaclient'sora
supplier'sneed
Personallyundertakesmarketresearch,analysisor
investigation
Usescontactsorinformationnetworkstoobtainuseful
information
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5.Concern for High Quality of Work

An entrepreneur acts to do things that meet certain
standards of excellence which gives him greater
satisfaction.
Examples
Statesadesiretoproduceorsellatoporbetterquality
productorservice
Comparesownworkorowncompany'sworkfavorablyto
thatofothers

6. Commitment to Work Contract

An entrepreneur places the highest priority on
getting a job completed.

Examples
Makespersonalsacrificeorexpendsextraordinaryeffort
tocompleteajob
Acceptsfullresponsibilityforproblemsincompletingajob
forcustomers
Pitchesinwithworkersorworksintheirplacetogetthejob
done
Expressesaconcernforsatisfyingthecustomer

7. Efficiency Orientation
A successful entrepreneur always finds ways to do
things faster or with fewer resources or at a lower
cost.

Examples
Looksfororfindswaystodothingsfasteroratlesscost
Usesinformationorbusinesstoolstoimproveefficiency
Expressesconcernaboutcostsvs.benefitsofsome
improvement,change,orcourseofaction

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8. Systematic Planning
An entrepreneur develops and uses logical, step-bystep plans to reach goals.
Examples
Plansbybreakingalargetaskdownintosub-tasks
Developsplansthatanticipateobstacles
Evaluatealternatives
Takesalogicalandsystematicapproachtoactivities

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9. Problem Solving
A successful entrepreneur identifies new and
potentially unique ideas to achieve his goals.
Example
Switchestoanalternativestrategytoreachagoal
Generatesnewideasorinnovativesolutions

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10. Self-Confidence
A successful entrepreneur has a strong belief in self
and own abilities.

Examples
Expressesconfidenceinownabilitytocompleteataskor
meetachallenge
Stickswithownjudgmentinthefaceofoppositionorearly
lackofsuccess

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11. Assertiveness
An entrepreneur confronts problems and issues with
others directly.

Examples
Confrontsproblemswithothersdirectly
Tellsotherswhattheyhavetodo
Reprimandsordisciplinesthosefailingtoperformas
expected

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12. Persuasion
An entrepreneur can successfully persuade or influence
others for mobilizing resources, obtaining inputs,
organizing productions and selling his products or
services.

Examples
Convincessomeonetobuyaproductorservice
Convincessomeonetoprovidefinancing
Convincessomeonetodosomethingelsethathewould likethat
persontodo
Assertsowncompetence,reliability,orotherpersonalor company
qualities
Assertsstrongconfidenceinowncompany'sproductsorservices
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13. Use of Influence Strategies

An entrepreneur is able to make use of influential
people to reach his business goals.

Examples
Actstodevelopbusinesscontracts
Usesinfluentialpeopleasagentstoaccomplishown
objectives
Selectivelylimitstheinformationgiventoothers
Usesastrategytoinfluenceorpersuadeothers

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