Solution:

The entrepreneurial competency can be injected in human minds through education and training. Competency finds expression in human behaviours.

How to develop and sharpen the entrepreneurial competency is suggested in the following method or procedure:

The procedure involves four steps. These are :

• Competency Recognition.

• Self- Assessment.

• Competency Application.

• Feed back.

Competency Recognition :

• Acquisition of a new behaviour begins with understanding and recognition of what a particular behaviour means.

• In other words, the first step involved in developing a particular competence is first to understand and recognize a particular competence.

Self Assessment :

• Once the particular competence is understood and recognized, the next step towards acquiring a particular behaviour/competence is to see whether one possesses the particular competence or not.

• If yes, then to see how frequently one exhibits the same in his practical life. Where one stands with respect to a particular competence or what is the level of one’s competence can be ascertained by posing and answering relevant questions to a competence.

Competency Application :

• Having known where one stands with respect to a particular competency, one needs to practice the same on continuous basis in various activities.
• In order to make a new behaviour a part of one’s personality, the particular behaviour/competency needs to be applied frequently even in the simplest activities that one performs in one’s day-to-day life.
• This is because “practice makes a man perfect”.

Feedback :

• After understanding, internalising and practicing a particular behaviour or competence, one needs to make an introspection of the same in order’ to sharpen and strengthen ‘one’s competency.

• This is called ‘feedback’. In simple terms, feedback means to know the strengths and weaknesses of one’s new behaviour.

• This helps one know how the new behaviour has been rewarding.

• This enables one to sustain or give up the exhibition of a particular behaviour or competence in his future life.