TLE- (PECs) Flashcards
(13 cards)
Refer to the important characteristics that should be possessed by an individual in order to perform entrepreneurial functions effectively.
Entrepreneurial competencies
This means habitually working diligently for a long period of time.
Hardworking:
Confidence in one’s ability and own judgment.
Self-confidence
Always stick on the plan and fight the temptation to do what is unimportant.
Discipline
Accepts full responsibility of everything in his/her business.
Committed
The ability to cope-up and thrive on changes.
Ability to accept change
An entrepreneur should be creative and innovative to stay in the business and in order to have an edge over the other competitors.
Creative
Putting yourself in a position where you are responsible for the failure or success of your business.
Has the Initiative
An entrepreneur enters into the world of business to generate profit or additional income. This shall become the bread and butter for you and for your family as well.
Profit-Oriented
Develops and applies step-by-step plans to realize goals.
Planner
Refers to effective and efficient communication and relation to people working in and out of your business.
People Skills
The ability to think quickly, and to make a wise decision towards pre-determined set objectives.
Decision Making
A marketing practice of creating name, symbol or design that identify and differentiate them from other products/services.
Branding
