Entrepreneurial skills

Phenomena such as demographic change, migration, climate change and the threat of food scarcity are putting unprecedented pressure on the planet and humanity. To face up to these challenges, the world needs people, teams and organisations with an entrepreneurial mindset. 

One does not need to be an entrepreneur to have entrepreneurial capabilities. Anyone can learn how to think, build, create, and research like an entrepreneur. Having courage and curiosity to find new ways to create value, taking ownership of one’s work, having intrinsic motivation, owning up to one’s mistakes and tenaciously getting back up again – these entrepreneurial capabilities are a crucial asset in today’s rapidly evolving world which will keep changing and challenging us faster and faster. 

Watch the video below to learn about the importance of an entrepreneurial mindset.  

Importance of an Entrepreneurial Mindset (2:01 min)

 

Assessing your own entrepreneurial competencies 


Consider which entrepreneurial competencies you have that can be useful for this course. You can look at the list below, but you can also base your answer on the information in the text and video above.  Share your thoughts in this discussion forum. 

Fifteen competencies that are characteristic of the entrepreneurial mindset (based on The European Entrepreneurship Competence Framework, EntreComp).  

  1. planning and management 

  1. vision 

  1. mobilising resources  (the ability to secure financial, human and material resources to advance one's mission)

  1. spotting opportunities 

  1. taking the initiative 

  1. self-awareness (understanding one's own thoughts, feelings, values, beliefs, and actions) and self-efficacy (a person's belief in their ability to complete a task or achieve a goal)

  1. motivation and perseverance (being someone who continues to make an effort to achieve their aims, even when this is difficult or takes a long time)

  1. working with others 

  1. creativity 

  1. financial literacy (the ability to understand and use various financial skills, including personal financial management, budgeting, and investing) and economic literacy (the ability to understand and evaluate economic concepts not only as they relate to personal finance, but also national and global interests and in the context of political systems)  

  1. valuing ideas 

  1. learning through experience 

  1. ethical and sustainable thinking  

  1. mobilising others (encouraging people to take action)

  1. coping with uncertainty and risks 

  

Last modified: Tuesday, 12 March 2024, 8:34 AM