"Not being afraid of the risks associated with business and relying on one's capabilities to successfully manage these".
Identify the entrepreneurial competency highlighted in the aforesaid statement.
Answer & explanation
Correct answer: option 3
The correct answer is option 3- Self-confidence.
Self-confidence is the entrepreneurial competency highlighted in the given statement.
Self-confidence: Not being afraid of the risks associated with business and relying on one’s capabilities to successfully manage these.
OTHER OPTIONS
- Persistence: A ‘never say die’ attitude, not giving up easily, striving continuously until success is achieved.
- Assertiveness: Conveying emphatically one’s vision and convincing others of its value.
- Systematic Planning: Breaking up the complex whole into parts, close examination of the parts and inferring about the whole; e.g. simultaneously attending to production, marketing and financial aspects (parts) of the overall business strategy (the whole).