Book Overview

1.1 Introduction Competency is a characteristic of an individual, which outcomes in effective and or superior performance in a job. It is a mixture of knowledge, skills and suitable motives or traits that an individual must keep to performing a given task Meaning of Entrepreneurial Competence It is defined as characteristics such as general and special knowledge, motives, traits, selfimage, social roles and skills which result in the birth of a venture, its survival or development. In short, the competencies essential by an entrepreneur for opening a business venture and carrying it on successfully are known as entrepreneurial competencies.