Short Answer Questions · Q6
Q.Name the three clusters of entrepreneurial competencies and give two competencies under each.
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✓ Free question
Entrepreneurial competencies are grouped into three clusters, each capturing a different side of entrepreneurial behaviour.
- Achievement cluster — competencies flowing from the need to excel. Examples: initiative (doing things before being asked) and persistence (repeated action to overcome obstacles). (Others include opportunity seeking, information seeking, concern for high quality, commitment to the work contract and efficiency orientation.)
- Planning cluster — competencies concerned with thinking ahead and organising. Examples: systematic planning (working to a plan and schedule) and goal setting (fixing clear, realistic goals). (Problem solving also belongs here.)
- Power cluster — competencies concerned with influencing others. Examples: self-confidence (belief in one's own ability) and persuasion (convincing customers, financiers and employees). (Assertiveness and the use of influence strategies also belong here.)
✓Final answer
The three clusters are: (i) the achievement cluster — e.g. initiative and persistence; (ii) the planning cluster — e.g. systematic planning and goal setting; and (iii) the power cluster — e.g. self-confidence and persuasion.
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