What is personal entrepreneurial competencies or PEC's?

Answer 1

Achievement Cluster
I. Opportunity Seeking and Initiative
Does things before asked or forced to by events
Acts to extend the business into new areas, products or services
Seizes unusual opportunities to start a new business, obtain financing,
equipment, land work space or assistance
II. Risk Taking
Deliberately calculates risks and evaluates alternatives
Takes action to reduce risks or control outcomes
Places self in situations involving a challenge or moderate risk
III. Demand for Efficiency and Quality
Finds ways to do things better, faster, or cheaper
Acts to do things that meet or exceed standards of excellence
Develops or uses procedures to ensure work is completed on time or that
work meets agreed upon standards of quality
IV. Persistence
Takes action in the face of a significant obstacle
Takes repeated actions or switches to an alternative strategy to meet a
challenge or overcome an obstacle
Takes personal responsibility for the performance necessary to achieve
goals and objectives
V. Commitment to the Work Contract
Makes a personal sacrifice or expends extraordinary effort to complete a
job
Pitches in with workers or in their place to get a job done
Strives to keep customers satisfied and places long term good will over
short term gain
Planning Cluster
VI. Information Seeking
Personally seeks information from clients, suppliers or competitors
Does personal research on how to provide a product or service
Consults experts for business or technical advice
VII Goal setting
Sets goals and objectives that are personally meaningful and challenging
Articulates clear and specific long range goals
Sets measurable short term objectives
VIII. Systematic Planning and Monitoring
Plans by breaking large tasks down into time-constrained sub-tasks
Revises plans in light of feedback on performance or changing
circumstances
Keeps financial records and uses them to make business decisions
Power Cluster
IX. Persuasion and Networking
Uses deliberate strategies to influence or persuade others
Uses key people as agents to accomplish own objectives
Acts to develop and maintain business contracts
X. Independence and self-confidence
Seeks autonomy from the rules or control of others
Sticks with own judgment in the face of opposition or early lack of
success
Expresses confidence in own ability to complete a difficult task or meet a
challenge