Venture initiation and success competencies
Lesson 11 : Entrepreneurial Competencies
Venture initiation and success competencies
In addition to personal competencies the entrepreneur must also possess the competencies required to launch the enterprise and for its growth and survival. It is further divided into two categories of competencies. These are
Enterprise launching competencies
Competency to understand the nature of business Competency to determine the potential as an entrepreneur . Competency to develop a business plan Competency to obtain technical assistance Competency to choose the type of ownership Competency to plan the market strategy Competency to locate the business Competency to finance the business Competency to deal with the business Competency to comply with government regulations. Enterprise management competencies
Competency to manage the business Competency to manage human resources Competency to promote the business Competency to manage sales efforts Competency to keep business records Competency to manage the finance Competency to manage customer Competency to manage credit and collection Competency to protect the business.
Last modified: Saturday, 7 January 2012, 5:10 AM
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