What is mean by Competency?
A competency is the capability to apply or use a set of related knowledge, skills, and abilities required to successfully perform “critical work function” or tasks in a defined work setting. Competencies often serve as the basis for skill standards that specify the level of knowledge, skills, and abilities required for success in the workplace as well as potential measurement criteria for assessing competency attainment.
Conceptual Development of competency of Woman Entrepreneur.
Conceptual Development is concept that involve grouping together different entities on the basis of some similarity. Concepts allow us to organize our experience in patterns and draw inferences in situations in which we lack direct experience. Concepts also save us mental effort, by allowing us apply previous knowledge to new situations.
Woman entrepreneur are defined as individuals who run a small business, is owned by an individual to establish and manage the business based on the principles and goals of the individual. Today women play a major role in the development and competitiveness of many countries. Woman entrepereneur knows how to take Opportunity-seeking and initiative where they seek opportunities and take the initiative to transform them into business situations. They also Persistence, when most people tend to abandon an activity, woman entrepreneur stick with it. Also, woman entrepreneur keep their promises, no matter how great the personal sacrifice and give a full commitments to their job. Woman entrepreneur take a risk and calculated the risk of the business that they want to do to develop something new in entrepreneur world. Lastly, the most important think is that woman entrepreneur always set their goal because none of the rest will function without it. So, this is why woman entrepreneur can make a change in entrepreneur world as they knew how to make a conceptual development in their business and all business in the world.
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