PLANNING CLUSTER

• PLANNING CLUSTER

  -supports the character traits in the achievement cluster
• The entrepreneur who belongs to the planning cluster is:

  • Goal-setter

  • Information-seeker

  • Systematic in planning and monitoring
• INFORMATION-SEEKER

  -entrepreneurs make decisions that will affect the operation of their business ventures

  -primarily seek a strong basis to make sound decision
• SYSTEMATIC - implies that there is a rational and logical approach in performing the activities
• PLANNING - setting of goals and objectives
• MONITORING - refers to the evaluation of the activities and adopted courses
• SYSTEMATIC IN PLANNING AND MONITORING

  -gather all the qualitative information before formulating the plans

  -develops a logical step-by-step approach in the formulation plans
• TRUE -A successful entrepreneur does not attempt to engage in any entrepreneurial venture unless the details of the activities have been clearly identified and the monitoring mechanisms are in place.