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Looking Within (Self Analysis)
Posted by: eTips23 Jul
A successful entrepreneur possesses personal qualities that help his business grow and thrive. Extensive research by the Management Systems International reveals ten personal entrepreneurial competencies (PECs) that lead to success.These are grouped into what are known as the Achievement Cluster, the Planning Cluster, and the Power Cluster. Take a look at these competencies. Try to see if you have some of them and to what extent.
ACHIEVEMENT CLUSTER
1. Opportunity-seeking
- Perceives and acts on new business opportunities
- Seizes unusual opportunities to obtain financing, equipment, land, work, space, or assistance
2. Persistence
- Takes repeated or different actions to overcome obstacles
- Makes sacrifices or expends extraordinary effort to complete a task
- Sticks to own judgement in the face of opposition or disappointments
3. Commitment
- Accepts full responsibility for problems encountered
- Helps own employees to get the job done
- Seeks to satisfy the customer
4. Risk-Taking
- Takes moderate risks
- Prefers situations involving moderate risks
5. Values Efficiency and Quality
- Always strives to raise standards and aims for excellence
- Strives to do things better, faster, and at lower cost
PLANNING CLUSTER
6. Goal-Setting
- Sets clear and specific short-term objectives
- Sets clear and long-term goals
7. Information-Seeking
- Personally seeks information on clients, suppliers, and competitors
- Seeks experts to render business or technical advice
- Uses contacts or information networks to obtain information
8. Systematic Planning and Monitoring
- Develops logical, step-by-step plans to reach goals
- Looks into alternatives
- Monitors progress and switches to alternative strategies when necessary to achieve goals
POWER CLUSTER
9. Persuasion and Networking
- Uses deliberate strategies to influence or persuade others
- Uses business and personal contacts to accomplish objectives
10. Self-Confidence
- Believes in self
- Expresses confidence in own ability to complete a difficult task or to meet a challenge
Part 1: Why go into business?
Part 2: Risks and rewards of going into business
Part 3: Looking within
Part 4: Looking outside
Part 5: Determining product line
Part 6: Types of business according to ownership
Part 7: Writing a business plan
Part 8: Raising capital
Part 9: Seeking other sources or assistance
Part 10: Locating your business
Part 11: Registering your business
Part 12: Hiring and training personnel
source: dti.gov.ph
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10 Responses for "Looking Within (Self Analysis)"
[...] Permanent Link to Do you have what it takes to go into business? Do you have what it takes to go into business? July 23rd, 2006 LOOKING WITHIN (SELF-ANALYSIS) A successful entrepreneur possesses personal qualities…Source: Permanent Link to Do you have what it takes to go into business? - Articles/News [Feed] [...]
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[...] 1: Why go into business? Part 2: Risks and rewards of going into business Part 3: Looking within Part 4: Looking outside Part 5: Determining product line Part 6: Types ofbusiness according to ownership Part 7: Writing a business plan Part 8: Raising capital Part 9: Seeking other sources or assistance Part 10: Locating your business Part 11: Registering your business Part 12: Hiring and training personnel [...]
[...] Part 1: Why go into business? Part 2: Risks and rewards of going into business Part 3: Looking within Part 4: Looking outside Part 5: Determining product line Part 6: Types of business according to ownership Part 7: Writing a business plan Part 8: Raising capital Part 9: Seeking other sources or assistance Part 10: Locating your business Part 11: Registering your business Part 12: Hiring and training personnel [...]
[...] 1: Why go into business? Part 2: Risks and rewards of going into business Part 3: Looking within Part 4: Looking outsidePart 5: Determining product line Part 6: Types of business according to ownership Part 7: Writing a business plan Part 8: Raising capital Part 9: Seeking other sources or assistance Part 10: Locating your business Part 11: Registering your business Part 12: Hiring and training personnel [...]
[...] 2: Risks and rewards of going into business Part 3: Looking within Part 4: Looking outside Part 5: Determining product line Part 6: Types of business according to ownership Part 7: Writing a business plan Part 8: Raisingcapital Part 9: Seeking other sources or assistance Part 10: Locating your business Part 11: Registering your business Part 12: Hiring and training personnel [...]
[...] Part 1: Why go into business? Part 2: Risks and rewards of going into business Part 3: Looking within Part 4: Looking outside Part 5: Determining product line Part 6: Types of business according to ownership Part 7: Writing a business plan Part 8: Raising capital Part 9: Seeking other sources or assistance Part 10: Locating your business Part 11: Registering your business Part 12: Hiring and training personnel [...]
[...] 1: Why go into business? Part 2: Risks and rewards of going into business Part 3: Looking within Part 4: Looking outside Part 5: Determining product line Part 6: Types of business according to [...]
[...] 1: Why go into business? Part 2: Risks and rewards of going into business Part 3: Looking within Part 4: Looking outside Part 5: Determining product line Part 6: Types of business according to [...]
[...] 1: Why go into business? Part 2: Risks and rewards of going into business Part 3: Looking within Part 4: Looking outside Part 5: Determining product line Part 6: Types of business according to [...]
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