Competency
WHAT IS COMPETENCY?
Definition
1. A cluster of related abilities, commitments, knowledge, and skills that enable a person (or an organization) to act effectively in a job or situation.
Competence indicates sufficiency of knowledge and skills that enable someone to act in a wide variety of situations. Because each level of responsibility has its own requirements, competence can occur in any period of a person's life or at any stage of his or her career.
2. Law: The capacity of a person to understand a situation and to act reasonably. Disputes regarding the competence of an individual are settled by a judge and not by a professional (such as a doctor or a psychiatrist) although the judge may seek expert opinion before delivering at a judgment.
10 Personal Entrepreneurial Competencies
References
http://www.businessdictionary.com/definition/competence.html
https://women2.com/stories/2012/04/25/10-competencies-of-successful-women-entrepreneurs-in-developing-countries
1. A cluster of related abilities, commitments, knowledge, and skills that enable a person (or an organization) to act effectively in a job or situation.
Competence indicates sufficiency of knowledge and skills that enable someone to act in a wide variety of situations. Because each level of responsibility has its own requirements, competence can occur in any period of a person's life or at any stage of his or her career.
2. Law: The capacity of a person to understand a situation and to act reasonably. Disputes regarding the competence of an individual are settled by a judge and not by a professional (such as a doctor or a psychiatrist) although the judge may seek expert opinion before delivering at a judgment.
10 Personal Entrepreneurial Competencies
- Opportunity-Seeking & Initiative Entrepreneurs seek opportunities and take the initiative to transform them into business situations.
- Persistence When most people tend to abandon an activity, successful entrepreneurs stick with it.
- Fulfilling of Commitments Entrepreneurs keep their promises, no matter how great the personal sacrifice.
- Demand for Quality & Efficiency Entrepreneurs try to do something better, faster or cheaper.
- Calculated Risk-Taking Taking calculated risks is one of the primary concepts in entrepreneurship.
- Goal-Setting This is the most important competency because none of the rest will function without it. Entrepreneurs set goals and objectives which are meaningful and challenging.
- Information-Seeking Entrepreneurs gather information about their clients, suppliers, technology and opportunities.
- Systematic Planning & Monitoring Systematic behavior means acting in a logical way. Planning is deciding what to do. Monitoring means checking.
- Persuasion & Networking Entrepreneurs influence other people to follow them or do something for them.
- Independence & Self-Confidence Entrepreneurs have a quiet self-assurance in their capability or potential to do something.
References
http://www.businessdictionary.com/definition/competence.html
https://women2.com/stories/2012/04/25/10-competencies-of-successful-women-entrepreneurs-in-developing-countries
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