ENTREPRENEURSHIP

Detailed explanation-1: -Taking moderated and calculated risks is important in entrepreneurship. Entrepreneurs understand the risk they are taking by starting their venture from the moment (sometimes even before it) when they truly commit to it. They commit to the price they have to pay in order to achieve their goals and build their company.

Detailed explanation-2: -Developing entrepreneurial competencies offers two benefits – it helps employees move from individual roles to management roles and allows the organization to flourish and take more giant strides ahead.

Detailed explanation-3: -Communication. Every entrepreneur needs to be an effective communicator. Sales. The soft skill of sales goes hand-in-hand with the communication necessary to be successful. Focus. Ability to Learn. Business Strategy.

Detailed explanation-4: -Personal competencies: creativity, determination, integrity, tenacity, emotional balance and self-criticism. Interpersonal competencies: communication, engagement/charisma, delegation, respect. Business competencies: business vision, resource management, networking, negotiating skills.