Match List-I with List-II.

Choose the correct answer from the options given below:

(A)-(III), (B)-(I), (C)-(II), (D)-(IV)

The correct answer is option 2- (A)-(III), (B)-(I), (C)-(II), (D)-(IV).

(A) Persistence- (III) Striving continuously until goals are achieved. 
Persistence: A ‘never say die’ attitude, not giving up easily, striving continuously until success is achieved. Persistence is an essential competency for entrepreneurs. Building and growing a business can be a long and challenging journey. Entrepreneurial ventures often face setbacks and failures, and it's the ability to persevere through these difficulties that sets successful entrepreneurs apart. Persistence is the drive to keep going despite obstacles and failures.

(B) Problem solving-(I) Observing the symptoms, diagnosing and curing. 
Problem-solving is a vital entrepreneurial competency. Entrepreneurs often encounter various challenges and obstacles, and the ability to identify problems, analyze them, and find effective solutions is crucial for success. Entrepreneurs need to be resourceful and innovative in solving problems that arise in their business ventures.

(C) Persuasion-(II) Eliciting support of others in the venture.

(D) Monitoring-(IV) Ensuring the progress of venture as planned.

EDI has identified a set of 15 competencies that contribute toward entrepreneurial performance and success. These are as follows-

1) Initiative: Acting out of choice rather than compulsion, taking the lead rather than waiting for others to start.

2) Sees and Acts on Opportunities: A mindset where one is trained to look for business opportunities from everyday experiences.

3) Persistence: A ‘never say die’ attitude, not giving up easily, striving continuously until success is achieved.

4) Information seeking: Knowing and knowing who knows, consulting experts, reading relevant material and an overall openness to ideas and information.

5) Concern for High Quality of Work: Attention to details and observance of established standards and norms.

6) Commitment to Work Contract: Taking personal pains to complete a task as scheduled.

7) Efficiency Orientation: Concern for conservation of time, money and effort.

8) 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).

9) Problem-solving: Observing the symptoms, diagnosing and curing.

10) Self-confidence: Not being afraid of the risks associated with business and relying on one’s capabilities to successfully manage these.

11) Assertiveness: Conveying emphatically one’s vision and convincing others of its value.

12) Persuasion: Eliciting support of others in the venture.

13) Use of Influence Strategies: Providing leadership.

14) Monitoring: Ensuring the progress of the venture as planned.

15) Concern for Employee Welfare: Believing in employee well being as the key to competitiveness and success and initiating programmes of employee welfare.