Empretec India

UNCTAD
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At the heart of the Empretec service is the Empretec Training Workshop (ETW) which is certified and delivered by UNCTAD. Participants are high potential and high performance entrepreneurs and intrapreneurs employees of large public and private firms.

The ETW is based on a behavioural approach to entrepreneurship. It is a practical tool that helps participants to develop Personal Entrepreneurial Competencies (PECs) instead of traditional business skills such as marketing, financial accounting, managerial accounting, financial management, local laws, regulations and procedures. The PECs are:

1Opportunity Seeking and Initiative

  • Entrepreneurs seek opportunities and take the initiative to transform them into business situations

2Persistence 

  • When most people tend to abandon an activity, successful entrepreneurs stick with it

3Fulfilling Commitments

  • Entrepreneurs keep their promises, no matter how great the personal sacrifice

4Demand for Efficiency and Quality

  • Entrepreneurs try to do something better, faster or cheaper

5Taking Calculated Risks

  • Taking calculated risks is one of the primary concepts in entrepreneurship

6Goal Setting

  • This is the most important competency because none of the rest will function without it. Entrepreneurs set goals and objectives which are meaningful and challenging

7Information Seeking

  • Entrepreneurs gather information about their clients, suppliers, technology and opportunities

8Systematic Planning and Monitoring

  • Systematic behaviour means acting in a logical way. Planning is deciding what to do. Monitoring means checking

9Persuasion and Networking

  • Entrepreneurs influence other people to follow them or do something for them

10 Independence and Self confidence

  • Entrepreneurs have a quiet self-assurance in their capability or potential to do something

A typical ETW is about 6 days (48 hours) and consists of about 30 participants from diverse backgrounds. Lectures, films, exercises, role-play and business creations and competitions all form part of the framework for understanding how a particular PEC is related to the success of an entrepreneur. Facilitators are entrepreneurs.

Participants are selected through an interview process conducted by Empretec's facilitators.

BENEFITS OF ETW

© 2014 by Empretec India
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