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    TLE 9

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    1 views31 pages

    Tle 9

    Uploaded by

    Mariel Sarabia

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pptx, pdf, or txt
    of 31

    ENTREPRE

    TLE 9

    NEURSHIP
    WHAT
    Entrepreneur?
    IS AN
    Personal Entrepreneurial
    PEC refers to the totality of the
    Competencies
    personality, knowledge, and other skills
    that a person must possess to
    effectively perform his/her functions
    and responsibilities as an entrepreneur.
    PEC includes components such as the
    characteristics, traits, skills, and
    lifestyle of an entrepreneur.
    Personal Entrepreneurial
    Competencies
    • CHARACTERISTICS

    • SKILLS

    • TRAITS

    • LIFESTYLE
    ENTREPRENEU
    RIAL
    Characteristics
    are distinguishing traits
    or qualities that make an
    entrepreneur successful
    and extraordinary
    person.
    1. ACHIEVEMENT
    CLUSTER
    OPPORTUNITY SEEKING

    COMMITMENT

    PERSISTANCE

    RISK-TAKING

    DEMAND FOR EFFICIENCY AND


    QUALITY
    2. PLANNING
    CLUSTER
    GOAL SETTING

    INFORMATION SEEKING

    SYSTEMATIC MONITORING AND


    PLANNING
    3. POWER CLUSTER
    PERSUASION AND NETWORKING

    SELF-CONFIDENCE
    ENTREPRENEURIAL
    SKILLS
    A skills is the ability to use one's knowledge in doing something effectively. For example,
    to sew a simple skirt is a skilled honed by experience and constant practice.

    Skill is shown through behavior using eye-hand coordination, expression of the face, and
    movement of the hand and some parts of the body. It is not only cognitive; it also
    involves psychomotor abilities.

    Personal entrepreneurial skills are the basic skills needed to run the business successfully.
    CLASSIFICATION OF
    ENTREPRENEURIAL
    CRITICAL
    INTERPERSONAL

    SKILLS
    AND
    SKILLS
    INNOVATIVE

    FUNCTIONA PRACTICAL
    L SKILLS
    SKILLS
    1.
    the ability of the entrepreneur in
    building harmonious relations with his

    INTERPERSON
    staff, customers, suppliers,
    shareholders, investors, and other
    concerned parties.
    Leadership and
    the skills in leading others, in delegating
    responsibilities, in teamwork, and in
    encouraging and inspiring workers to
    Motivation
    follow and be committed to the vision,
    mission, and goals of the enterprise
    Communication
    proficient in communicating
    one's thoughts, emotions, and
    ideas to those concerned
    Listening
    the ability to listen to both
    sides of an issue and know
    how to listen diligently and
    show empathy when
    listening
    Negotiation and
    the skill to carry out
    transactions and establish
    Networking
    linkages with investors,
    customers, employees, and
    prospective clients
    Ethics
    the correct practice of dealing
    with stakeholders with respect,
    integrity, fairness, and truth
    2. CRITICAL AND
    INNOVATIVE
    these are skills in which an entrepreneur can
    THINKING SKILLS
    easily come up with new and creative ideas
    through constant practice and nurturing.

    CREATIVE THINKING

    PROBLEM-SOLVING AND SYSTEM


    THINKING

    RECOGNIZING OPPORTUNITIES
    Creative Thinking
    it is seeing situations at different
    perspective and coming up with
    an innovative idea.
    Problem-solving
    and System
    it is a skill in coming up with
    Thinking
    sound solutions to problems on
    hand. Such ability can be acquired
    through knowledge, training, and
    experience.
    Recognizing
    the entrepreneur sees opportunity in
    every situation. He/she can easily spot

    Opportunities
    trends, fads, and resources that are
    related to consumption, profitability,
    production, marketing, and the like.
    3. Functional
    knowledge and skills related to the efficient and
    effective management of the business, which

    Skills
    includes, among others:

    • The use of information technology


    • Procurement processes
    • Production and logistics
    • Project management
    • Organization and control
    • Marketing and sales
    • Finance
    • Accounting
    • Total quality management
    • Human resource management; and
    • Business law
    4. Practical Skills
    this is about being hands-on in the
    management of the business. This means
    the entrepreneur can perform tasks such as
    using the computer and other technologies,
    setting goals for the company, planning,
    organizing, and decision-making.
    ENTREPRENEURIAL
    TRAITS
    Traits refer to the inherited and acquired character of a person.
    These are components of a person's behavior that describe his/her
    enduring personal characteristics. Some of these are already
    inherent in the person and some are obtained through formal and
    informal training. These are also acquired through interaction with
    people and surroundings, through suggestions, imitation, other
    learning strategies.
    William Bygrave, an American scholar who has
    done work on entrepreneurship, gives 10
    entrepreneurial traits.
    Self-awareness - this is knowing yourself — your strengths and
    weakness, what you can do, what you know, what you would
    like to do in the future.

    Self-motivation - having the drive to expand your knowledge,


    sharpen your skills, and improve yourself depends on how
    intense your urge and interest are.
    Courage - means being brave or fearless. A successful entrepreneur draws
    take the risk in business.

    Confidence - a trait that makes good impression on other people. An


    entrepreneur who exudes confidence gives the impression that he/she is
    certain of his/her actions and can be trusted and relied on.

    Patience - tests an entrepreneur's tolerance in handling persistent


    problems involving personnel, production, marketing, financing, and the
    like. Being patient requires waiting, and inconvenience is part of the
    challenges of an entrepreneur may face.
    Perseverance - an entrepreneur can hold fast and
    strong to their position, especially amid the many
    problems besetting the business.

    Hard work - is an industrious person who does not


    count the number of hours of work. They work with
    patience and intensity until the work sees its
    completion.
    Decisiveness - an entrepreneur must be knowledgeable and experienced
    to make the right decisions at the right time with the right people. At
    times, when immediate decisions are to be made, they can follow their
    intuition and trust themselves on it.

    Integrity - a successful entrepreneur is honest not only to themselves


    but to everyone related to business. They do what is right, even when
    others are doing what is wrong.

    Optimism - entrepreneur looks at the bright side of things or situations,


    even in the midst of the business being down.
    ENTREPRENEURIAL
    LIFESTYLE
    A person's lifestyle affects the way they run a business. The
    entrepreneurial lifestyle is a major factor in putting up and
    operating a business. Managing work and personal life is a
    big challenge. The entrepreneur's lifestyle has much to do
    with how to overcome this challenge to strengthen the
    chance of business success.
    Some authorities in business believe that the lifestyle of an
    entrepreneur revolves around the following:

    Passion - if they are passionate about becoming an entrepreneur,


    then they will exercise all means of putting up their own business.

    Time - as an entrepreneur, they can make their schedule depending


    on the demand of the business. A dedicated entrepreneur works on
    a flexible schedule and moves away from the traditional 8-5
    working hours.
    Control of Finances - an entrepreneur does not receive a fixed salary
    like a regular employee. The income depends on the profit of the
    business. Being in control of finances is both freedom and
    responsibility. One has the freedom to use the money where one wants
    to, but it is a responsibility to see it that the money is used to fulfill
    obligations.

    Personal Growth - adopting the life of an entrepreneur is a crucial


    decision in life because it means giving up some personal freedom and
    privileges. A lot of sacrifices are to be made in meeting this
    responsibility, but the rewards are fulfilling once the business is well
    established and earning.
    THANK
    You

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