Session 4: Entrepreneurial Competencies
Textual Question-Answers
Check Your Progress
A. Match the situations to the type of attitude that an entrepreneur isshowing.
(a) Aamir has been an entrepreneur for 15 years. His business has a culture,
where people working with him are free to give feedback on his work andshare new ideas for the business.
(i) Decisiveness
(b) Shanaya wants to start a sweet shop. After speaking to some people inher area, she finds out that nobody sells healthy sweets. She decides to makenon-fried sweets.
(ii) Taking initiative
(c) Malvika has a book selling business. One day, a shipment of her booksgets lost. This creates a lot of problems for her customers. She apologises tothem and works hard for two days to get a new shipment by the next day.
(iii) Interpersonal skills
(d) Archana wants to start a 24×7 medical shop in her village. However,
she does not know anything about medicines and has doubts about her sellingskills. After talking to some people, she realises how important it is. Finally,
she works with a pharmacist to set up a medical store.
(iv) Perseverance
Ans:
(a) – (iii) Interpersonal skills
(b) – (i) Decisiveness
(c) – (iv) Perseverance
(d) – (ii) Taking initiative
B. Short answer question
1. After taking your entrepreneurial report, you know what you aregood at and what can be improved upon. How do you think you can improve? Write down three steps that you shall take.
Ans: To improve myself after reviewing my entrepreneurial report, I will
take the following three steps:
1. I will work on enhancing my knowledge and skills by attendingworkshops, reading books, and taking online courses related to my businessarea.
2. I will seek feedback from mentors, teachers, and peers to understandmy weaknesses and areas where I can improve.
3. I will practice better time management, organisation, and communicationskills by setting small goals and regularly reviewing my progress to ensurecontinuous improvement.
