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Entrepreneurial Competencies

Personalized guidance report

An entrepreneur is a person who sets up a business and takes on financial risks in the hope of profit. We developed the Talent Transformation Entrepreneurial Competencies quiz to help you discover the competencies required to be an entrepreneur and help you develop them. The quiz measured some thinking patterns (cognitive), behaviors, and skills needed to be an entrepreneur:
 

1. Cognitive: Competencies related to thinking and problem-solving.  

2. Behavioral: Competencies related to personality and behavior. 

3. Skills: Expertise required to do specific tasks by applying existing knowledge and competencies.

The graph below indicates the three categories of competencies the Entrepreneurial Competencies quiz measured.

Tip :

Hover on any of the graph to get detailed information about each factor.

Click on any of the graph to get detailed information about each factor.

Cognitive

This category groups together the competencies related to thinking and problem-solving.

Tip :

Hover on any of the graph to get detailed information about each factor.

Click on any of the graph to get detailed information about each factor.

Spotting Opportunities

The ability to see potential opportunities in novel ideas.

Your personal guidance

Your responses indicate that you welcome new ideas but cannot always recognize the idea or develop the plan for it.

Understanding others

Other people might be more or less adept at spotting opportunities than you are. Therefore, understanding other individuals' levels of competence will help you better understand your competence and how to work with others effectively.

  • Individuals with a high ability to spot opportunities can recognize how to turn an idea into a business opportunity. They can create a business strategy and a plan for an idea they come across.

  • Individuals with an average ability to spot opportunities welcome new ideas but cannot always recognize the idea or develop the plan for it.

  • Individuals with a low ability to spot opportunities welcome new ideas and appreciate them. They would want to implement those ideas but may not be able or willing to plan for that.

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Creativity

The ability to think differently and out of the box or improvise on an idea to make it lucrative.

Your personal guidance

Your responses indicate that, at times, you can be creative, but not always can you think of a novel and unique idea for a business.

Understanding others

Other people might be more or less creative than you are. Understanding other individuals' levels of competence will help you better understand your competence and how to work with others effectively

  • Individuals who are very creative can produce novel ideas and thoughts for a business. They can also improve on an innovative idea to turn it into a business opportunity.

  • Averagely creative individuals can be creative, but not always can they think of a novel and unique idea for a business.

  • Individuals that are low on creativity may not be able to think out of the box. Novel and creative ideas may not be their area of strength. However, they could probably implement an already existing idea, well.

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Envisioning

Being able to envision personal and business aims and foresee how to progress the idea.

Your personal guidance

Your responses indicate that you can sometimes but not always visualize the end goal. You may lean toward the details in the here and now.

Understanding others

Other people might be more or less adept at envisioning than you are. Understanding other individuals' levels of competence will help you better understand your competence and how to work with others effectively.

  • Individuals with high levels of the envisioning competency can visualize the end goal and predict how the idea would take shape in the future. This ability helps them develop strategies and plans and allocate the resources required to reach their goal.

  • Individuals with an average level of the envisioning competency can sometimes but not always visualize the end goal. They may lean toward the details in the here and now.

  • Individuals with a low level of the envisioning competency lean toward understanding the details and perfecting them rather than looking at the overarching goal. Instead, they could try to look at the bigger picture for a better, clearer idea of the goal..

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