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COMPONENTS OF ENTREPRENEURIAL COMPETENCIES ATTITUDINAL COMPETENCY ATTRIBUTES An attitude is a hypothetical construct that represents an individual’s degree of like or dislike for something. Attitudes are generally positive or negative views of a person, place, thing, or event. Attitudes are judgments of an individual. `Attitudinal Competency` is the ability to select, maintain or adapt one’s best attitudes for the present. Behaviour in a given situation can be viewed as a function of the individual’s attitude towards the situation. Self Confidence Self-confidence is an essential trait in an entrepreneur because he is regularly called upon to perform tasks and make decisions that require great amounts of faith in himself. He needs to have a strong but realistic belief in himself and his ability to achieve the predetermined goals. Self Esteem Self-esteem of an entrepreneur represents his ability to develop healthy confidence and respect for himself. He feels confident for being capable for life, able and worth or to feel right to achieve happiness. An entrepreneur respects himself and defends his own interest and needs. - 39 - Dealing with Failures Entrepreneurship is about getting up whenever the business fails, and learning from that failure. An entrepreneur believes that failure is part of the entrepreneurial process, and often without it, success would not be possible. Further he is able to make mistakes, learn from them, and quickly recovers and changes his direction and moves into the future. Tolerance for Ambiguity In the entrepreneurial process tolerance for ambiguity refers to the ability of an entrepreneur to perceive ambiguous situation as desirable, challenging, and interesting and neither denies nor distorts their complexity of incongruity. Performance A successful entrepreneur perceives that his performance is different from others. He believes that it is

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