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Managerial competency refers to the collection of skills, knowledge, behaviors, and attitudes that enable an individual to effectively manage tasks, people, and situations in order to achieve organizational goals. For entrepreneurs, managerial competency is particularly significant because they are not only required to generate ideas and innovations but also to transform those ideas into viable business ventures. Unlike managers in established organizations, entrepreneurs must operate under uncertainty, manage limited resources, and lead from the front to build and sustain enterprises. Therefore, developing a wide range of competencies becomes a crucial determinant of entrepreneurial success. One major type of competency is strategic competency. Entrepreneurs must _____ _______ _________ _______ __________ _______ ________ ___.
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