PEC's assignment

1. Evaluate the different entrepreneurial characteristics under PEC's. How does applying similar characteristics help us succeed in the other areas of life? Explain your answers by giving examples.

ANSWER:

10 PEC Characteristics

I.          Opportunity Seeking and Initiative

II.         Risk Taking

III.        Demand for Efficiency and Quality

IV.       Persistence

V.        Commitment to the Work Contract

VI.       Information Seeking

VII       Goal setting

VIII.     Systematic Planning and Monitoring

IX.       Persuasion and Networking

X.        Independence and self-confidence

I would like to choose “Information seeking”, we have our eldest or parents that helping us or feeding us good thoughts in life. We can use their good experiences and expertise and take it as one of our references of information in our journey in life. We can prevent bad things that may happen to us if we will listen and consult our parent advice and we will succeed. 

ANSWER:

2. Explain how having the Personal Entrepreneurial Competencies can help you become a successful entrepreneur.

l  Any person can become entrepreneur and their success will be depending on how big the goals they have in life and how much their determination to do it from the beginning until they reached the finish line of success. The PEC will really help entrepreneur to guide them and use it as a tool to become competent and have capability to handle particular business