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Session 3
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Entrepreneurial traits and motivation are an
indispensible function of management.
Entrepreneur is human being who has his dignity, self-
respect, values and responsibilities. In order to achieve success in any venture a person
must possess a judicious combination of knowledge,
skill and motive.
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Initiative
Looking for Opportunity
Persistence
Information Seeker Quality Consciousness
Commitment to work
Commitment to Efficiency
Proper Planning
Problem Solver
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Self Confidence
Assertive
Persuasive
Effective Monitoring Employees Welfare
Effective Strategist
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1.Mental ability
2.Clear objectives
3.Business secrecy
4.Human relation ability 5.Communication ability
6.Technical Knowledge
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James J.Berne has stressed the following qualities of agood entrepreneur:
He is energetic,hardworking,resourceful,aware of new
opportunities and able to adjust himself to changingconditions with ease.
He is interested in advancing technologically and in
improving the quality of his product or service.
He is interested in expanding the scale of his operationsby reinvesting his earnings.
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He visualizes changes and adapts to changing
conditions.
He is a firm believer in planning and systematic work.
He works for the society at large and for the good of hisfellow beings.
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Decision Making Leading by Example
Setting Standards
Multi Tasking
Building Relationship
Creativity
Dedication
Commitment Mission
Vision
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Resolving Conflicts
Team Player
Approachable
Appreciating Skills Integrity
Trust
Passion
Compassion
Capability
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Involvement
Presence of Mind
Energy
Clarity of Thought Patience
Daring to Dream
Sincerity
Trust
Honesty
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Visualization Planning
Risk-taking
Ability to deal with situations
Elicit positive response fromadministrators,bankers,infrastructure institutions,clients and employees
Understanding of marketing, quality
control,finance,banking,commercial law, governmentregulations and procedures, taxation and humanrelations
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Awareness of technology,tools,equipment and
machinery
Knowledge of the
product,processes,packaging,advertising and market
potential
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Thrifty Hard work
Vision
Willingness to assume risks
Curiosity Insight into the relationship between
concepts,objectives,needs and needs satisfaction
Sound Judgment
Initiative and creativity Ability to marshall resources
Administrative ability to organize those resources
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1.Gaining first hand knowledge about Competencies
2.Competency Recognition
3.Self Assessment
4.Comparision of Competencies 5.Developing Competencies and Feedback
6.Motivation