Answer:
It is important to assess the Personal Entrepreneurial Competency of a person prior to venturing into business to somehow forecast the success of the venture he will enter. The PECs must have a causal connection to the initiated venture and the process of venturing will feedback to enhance the entrepreneur’s defined competencies.
Explanation:
Definition of Personal Entrepreneurial Competency
Personal Entrepreneurial Competencies are defined as underlying characteristics of a person in relation to business ventures such as the following:
- motives
- traits
- self-images
- social roles and skills
- survival skills
- growth competencies
Know the deeper meaning of Personal Entrepreneurial Competency here: https://brainly.ph/question/625330
Types of Personal Entrepreneurial Competency
There are many Personal Entrepreneurial Competencies that entrepreneurs should have in order to be successful:
- Use of Influence Strategies – connecting and influencing the decision making of your key stakeholders
- Self-Confidence – the ability of presenting and carrying yourself in public with an impact
- Persuasion – the ability lead someone to decide on your advantage
- Assertiveness –confident in style or behavior
- Problem Solving – to calmly and rationally think and act on problems that will arise
- Information Seeking – scan the internal and external environment to prepare for the future
- Systematic Planning—planning process based on facts, scientific in nature and based on concrete situations
- Sees and Acts on Opportunities—striking for the advantage of the business, short and long term
- Concern for High Quality of Work—includes taking care not only of the monetary and material aspect of the business, but taking care of the people that gives life to your business as well
- Commitment to Work Contract – under promising and over delivering to the quality of work will ensure client and partner retention
Know more on other types of Personal Entrepreneurial Competencies here: https://brainly.ph/question/569126
Know more about the importance of Personal Entrepreneurial Competencies in the bigger scale here: https://brainly.ph/question/406211
Assessing the Personal Entrepreneurial Competency
One way of assessing you Personal Entrepreneurial Competency is by answering a questionnaire administered by a technical staff, preferably a Psychologist or a Psychometrician, who will explain parts of the questionnaire and how it assess your Personal Entrepreneurial Competency. The interpretation shall also be explained and processed with you to help you assess yourself deeply.
