Three Characteristics Of Entrepreneurial Competencies

There are basically three personal qualities of entrepreneurs. It should be known that the personal qualities of the entrepreneurs alone cannot guarantee success and therefore the, seven personal characteristics of entrepreneurs as follows below should be considered as they help to blend with the personal qualities and make a business success.

Definition: Richard Foster: creativity is the ability to produce a new and useful insight through imaginative skill to associate two previously unassociated fields.

What creativity actually is when you use your imagination, allowing things in the mind to occur that wouldn’t actually occur and also things to better the world. “Being creative is not only about thinking: it is about feeling” (160). You can not just think but you have to have feelings to make sure that you doing things right and feeling like you made something productive in the time. Being creative requires a long process, “magination which is the process of bringing to mind things that are not present to our senses; creativity, which is the process of developing original ideas that

Creativity is more about the process rather than the end product and this creative process is useful for many reasons, developing confidence, developing good relationships, finding out what talents and strengths we have and teaches us about

. ENTREPRENEURIAL COMPETENCIES: An entrepreneurial competency as defined by Baum at al. (2001) is the individual characteristics such as skills, knowledge, and the abilities required to perform a specific job. These abilities determine how the entrepreneur associates with the customers and also the employees. It allows the entrepreneur to perform his business operations successfully. Entrepreneurial competencies were divided into six categories by Man and Lau (2000): commitment competencies, organizing competencies, opportunity competencies, relationship competencies, strategic competencies, and conceptual competencies. Overconfidence is a negative characteristic of competency because it has been recognized as a major factor affecting the

Paulus & Nijstad (2003) defined creativity as “the development of original ideas that are useful or influential”(p.3). That is to say,

There is an invisible key that we all hold, unlocking our gifts and talents. There is no stopping us from using this key that we cannot see. But what if we did not know that we held this key? Creativity can be viewed in the same way, not ever knowing the capacity that is within us, an invisible force that seems to take over us when we are in state of happiness, doing what we love. Creativity activated gives you and I the solutions to big problems.

Creativity is a characteristic produced from one’s imagination. To be creative means to think outside the box and do something no one would expect. Creativity branches off originality. When you do something creative it simulates your mind. To create is to express yourself in a unique way. Inventing is what is mostly associated with being creative. Having original ideas or thoughts is another way to be creative. Taking risks is a creative things to do. Most

There are numerous explanations for the term creativity. Here are some of the most distinctive points of view. The first point, according to Lehrer (2012, pp. 18-19),

Creativity is the ability to reconfigure what you know, often in the light of new information and come up with an original concept or idea. In order to be creative, a person must be critical, selective and generally intelligent.

It does not have to have benefits. Creativity does not need to be a new idea, method or

Creativity to me it means a sense of individuality that makes you apart from other people or your ways of thinking and actions. that you have that others may not have and It makes you special. My creative side, I think I am very good at problem solving I often help people with problems and brainstorm and come up with solutions to their situations. a I feel like that's one of the strongest characteristics such as helping with things at home and talking to family and friends. Talk to friends about their problems and come up with ideas to make it better and solve the situation at the moment. Sometimes I have really good things to say and ways that can help out at the moment that could be really useful . Also, part of this reason is why I think I want to be a Psychologist. Creative thinking is one of the best things for either from a school assignment like a project to problem-solving with difficult situations which many would find very

The term creativity is used for the purpose of describing the ability that is concerned with the process of creating something new or valuable. This ability allows a person to surpass the rules, practices, methods, forms or similar kind of activities that the traditional society may be performing at that time. Creativity is one of the most important things that have allowed the people of the society to move forward and urge for development. All the development that has been made in various aspects of human life can be directly connected with the creativity. All the industry leaders of the world have secured this place because of the level of creativity and innovation that they showed. They used this creativity for creating something new that has allowed them to develop completely new methods for this purpose.

Entrepreneurship is difficult to define throughout its history research. Even nowadays, this concept is still a debatable point (Rajendra, et al., 2017). Based on four decades of research, Gartner (1988) concludes that entrepreneurs are founders of new firms. Shane and Venkataraman (2000) consider entrepreneurship as “a new venture’s risk-taking endeavor seeking an opportunity” and Fortunato (2014) adds innovative value into the concept of entrepreneurship. Thus, research on the definition of entrepreneurship continue. According to those diverse views, I will interpret six unique entrepreneurial characteristics and theoretically analyze each one. Risk taker, need for achievement and proactivity as my strengthens will be illustrated with my experience. Innovativeness, internal locus of control and tolerance for ambiguity are my weaknesses, thus I will describe relevant successful Entrepreneurs’ experiences.

There has been extensive research conducted on the characteristics that successful entrepreneurs possess. These attributes vary widely across literature, however there are common key traits that are required to achieve any form of success. Frederick et al (2013) suggest entrepreneurs are risk takers, optimistic, have sound judgement and an ability to manage. While a review of literature relating to the psychology of an entrepreneur reveals a large variety of characteristics in a successful entrepreneur, these can be consolidated to a a few into only a few traits that are essential for a successful entrepreneur. Whilst taking into