Business, 11.10.2020 23:01 monsterduckgoose

Why is there a need to assess one's PECs in terms of characteristics, attributes, lifestyle, skills traits before starting a particular business?

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Answer from: babbybronx

Explanation:

PECs stands for Personal Entreprenurial Competencies.

It is important to evaluate them because they have a way of predicting how successful one would be in a particular business.

Some of these attributes include but are not limited to the following:

Ability to Influence other People: People here refer to customers, public and even staff.Self-Confidence: Confidence in one's abilities is key for survival in any business or endeavour.Persuasion: Persuasion goes hand in hand with influence and Self-Confidence. It's almost impossible to influence other people if ones does not have self-confidence or lacks the strategy to do so.Efficiency Orientation: The best entrepreneurs known how to create value from little or nothing.Problem Solving: This is one of the greatest skills of an Entrepreneur. The higher they go on this trait, the more their chances of success.Information Seeking: This is not just about reading. It refers to ones ability to seek related intelligence within and outside of one's environment. Good intelligence contributes to great decision making.Ability to spot and utilize Opportunities: This is two traits combined in one. Spotting opportunities is overrated. Ability to organise internal and external resources in order to translate such opportunities into value is priceless.Grit: Also known as persistence. This is key and is required for any idea which is receiving efforts to come to fruition.

Cheers!

Answer from: Quest

Iwould say the answer is 4.

Answer from: Quest

hi,

henry is an economist and wants to understand the relationship between inflation and consumer spending habits. for his research, he needs the consumer price index for 2014 and the inflation rate. based on the prices of goods given, what will he find to be the cpi and inflation rate for 2014? assume that a consumer’s basket for three consecutive years consists of the following:

you dont privide answer choices.

answer - 15% of a inflatation rate is 15% less in cpi

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Why is there a need to assess one's PECs in terms of characteristics, attributes, lifestyle, skills...

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