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Q uality C ontr ol
             etting and sustaining a level of e cellence for products or services delivered to consumers is  hat quality management
            entails in a firm. Due to the volume of products produced every day, preserving quality becomes the most critical aspect
            of a developing firm. Anu   undra s tale sho s that he designed high quality clothes since his customers  ere essential
            to him.  e did not compromise on quality.


                   Entrepreneurial Competencies in Particular

             hese competencies can be developed through training, e perience and guidance in a budding entrepreneur.  ome of
            these competencies include
            •  Self-confidence:  ntrepreneurs are not co ed do n by difficulties as they believe in their o n abilities and strengths.
                hey have full faith in their kno ledge, skill and competence and have the confidence to handle future uncertainties.

            •  Taking Initiative: It is about making the first move to ards setting up of an enterprise and taking action.
            •  Seeking and Acting on Opportunity: An entrepreneur is al ays on the look out or searching for opportunity and is
               ready to e ploit it in the best interests of the enterprise.

            •  Concern  for  High  Quality:   uccessful  entrepreneurs  are  seen  to  be  not  satisfied   ith  moderate  or  average
               performance.  hey set high quality standards for themselves and then put in their best for achieving these standards.

            •  Goal Setting:  oal setting refers to establishing short or long term ob ectives, usually along  ith incorporating
               deadlines and quantifiable measures to indicate if they have been achieved.  or a business, the ultimate goal is to
               make profit.
            •  Creativity:  reativity is a process of continually improving ideas and solutions by making gradual alterations and
               refinements.  ntrepreneurs e hibit creativity by applying the process of design thinking, thinking of alternatives,
               trying unconventional  ays to do things and continuously improvise and iterate.

            •  Systematic Planning:  uccessful entrepreneurs decide future course of action keeping in mind the goals to be
               achieved.  hey believe in developing relevant and realistic plans and ensure proper e ecution of the same in pursuit
               of running a successful enterprise.
            •  Efficiency:  any entrepreneurs are al ays keen to devise ne  methods aimed at promoting efficiency.  hey try and
               create ne  methods that aim at making  orking easier, simpler, better, and economical.
            •  Information Seeking: A successful entrepreneur al ays keeps his her eyes and ears open and is receptive to ne
               ideas  hich can help in reali ing his goals.  e she is al ays open to consult  ith e perts and mentors to get the
               right guidance and advice.

            •  Persistence: An entrepreneur is never disheartened by failures and keeps trying, adapting and iterating to overcome
               obstacles that come in the  ay of achieving goals.
            •  Negotiation skills:  egotiation skills for entrepreneurs are critically important to business success.  here a number
               of scenarios  here an entrepreneur's negotiation skills come into play such as supplier relations, customer sales,
               employee hiring, securing investors etc.

            •  Team Building:  eam building is any action or method that brings a group of individuals together and motivates
               them to  ork cooperatively as a team. It refers to the various activities undertaken to motivate the team members
               and increase the overall performance of the team.








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