[Entrep] Lesson 2: Core Competencies Entrepreneurship

• Core competencies

  • Defining characteristics that makes a business or individual stand out from the competition
• 3 General Core Competencies

  1. The activity must provide superior value or benefits to the consumer.
  2. It must be difficult to replicate.
  3. It must be rare
• A Core competence is something unique that a business has or can do strategically well.
• Core Competencies for Entrepreneur

  1. Entrepreneur is a missionary
  2. Entrepreneur are goal driven
  3. Entrepreneur as a marketing man
  4. Entrepreneur starts from small to big
• Factors that Develop Entrepreneurial Activity

  1. Entrepreneur's initiative
  2. Organization of capital resources
  3. Development of Administrative machinery
  4. Development of entrepreneurial autonomy
  5. Development of SWOT Analysis
• SWOT (Strengths, Weaknesses, Opportunities, Threats)

  • Is a tool used in evaluating a business.
  • Entrepreneurs should know how to analyze their business using this tool