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Managerial Skills and EntrepreneurshipMANAGERIAL SKILLSDecision making People decisionsCommunicationsBudgetingMeasurement and controlsInformation literacyThe Dimensions of ManagementTo think through and define the specific purpose and mission of the institution To make work productive and the worker achievingTo manage social impacts and social responsibilitiesADMINISTRATION AND ENTREPRENEURSHIPThe administrative job of the manager is to optimize the yield from these resources.Tasks :

To make effective the very small core of worthwhile activities that is capable of being effective.To bring the business all the time a little closer to the full realization of its potentialENTREPRENEURSHIPManagers also have to be entrepreneurs. They have to redirect resources from areas of low or diminishing results to areas of high or increasing results making the business of tomorrow. EntrepreneurshipProcess of initiating a business venture ,organizing the necessary resources , and assuming the associated risks and rewards .Entrepreneurs Recognizes a viable idea for a business product or service and caries it out.Entrepreneurial PersonalityInternal Locus of ControlHigh Energy LevelNeed to AchieveSelf ConfidenceAwareness of TimeToleranceEntrepreneurial StrategiesBeing Fustest with the Mostest - start at a permanent leadership position.Hitting Them Where They Aint - creative imitation and entrepreneurial judo, Finding and occupying a specialized ecological nicheChanging Values and Characteristics : ---By creating utility, By pricing, By adaptation to the customers social and economic reality, By delivering what represents true value to the customer