Competency is a characteristic of a person, which results in effective and/or superior performance
in a job. It is a combination of knowledge, skills and appropriate motives or traits that an individual
must possess to perform a given task.
MEANING OF ENTREPRENEURIAL COMPETENCIES
It is defined as characteristics such as generic and special knowledge, motives, traits, selfimage,
social roles and skills which result in birth of a venture, its survival and/ or growth. In short,
the competencies required by an entrepreneur for starting a business venture and carrying it on
successfully are known as entrepreneurial competencies
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