Core Competencies in Entrepreneurship

  1. Economic and Dynamic Activity - entrepreneurship is an economic activity because it involves the creation and operation of an enterprise with a view to creating value or wealth by ensuring optimum utilization of limited resources.

  2. Innovative - constantly look for new ideas, thus he needs to be creative.

  3. Profit Potential - the entrepreneur can be compensated by his profit coming from the operation.

  4. Risk Bearing - the entrepreneur needs to gamble but wise enough to offset the risk.