Entrepreneurial Orientation
Conditions for Business Growth
1. Management: A job requiring technical skills to run a business. Characteristics include control, medium-term actions, and focusing on doing the job correctly.
2. Leadership: Based on expectations and judged by followers. Traits include inspiring trust, long-term thinking, and using influence.
3. Entrepreneurship: Driving change with mental skills. Traits include team building, spotting opportunities, and short-term actions.
Definition of Entrepreneur:
An expert in making decisions to coordinate scarce resources, not only related to business but also social missions or other roles that maximize resource use.
Entrepreneurial Behavior:
1. Proactiveness: Always initiating and pursuing market opportunities.
2. Innovativeness: Supporting creativity and experimentation in developing new products.
3. Risk Taking: Willing to take risks with full commitment to projects even if the outcomes are uncertain.
Individual Competencies of an Entrepreneur:
1. High spirit and enthusiasm for success.
2. High stamina to face challenges.
3. Ability to adapt to uncertainty.
4. Determination and resilience in tough situations.
5. Accountability for actions.
6. Persuasiveness.
7. Self-discipline.
8. Self-confidence.
9. Social responsibility.
10. Ethical integrity.
Key Points in Entrepreneurship:
1. Strong mental attitude.
2. Mental alertness.
3. Relevant skills and expertise.
