An entrepreneurial key competencies' model

The paper has twofold goals. The paper reviews the culture of entrepreneurship and entrepreneurial competencies in Palestine. It is characterized by donor-supported and non-governmental-initiated trainings. This demands an urgent active involvement of universities in the field of entrepreneurship th...

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Bibliographic Details
Published in:Journal of innovation and entrepreneurship 2016-06, Vol.5 (26), p.1-26, Article 26
Main Author: Arafeh, Labib
Format: Article
Language:English
Subjects:
Business and Management
Competencies
Decision making
Dictionaries
Economic Geography
Economic Policy
Entrepreneur
Entrepreneurs
Entrepreneurship
Entrepreuneurial Dynamics and Innovation Strategies
Equity participations
Initiatives
Key entrepreneurial competencies
Literature reviews
Modeling
Neurofuzzy
Planning
Power
R&D
Research & development
Softcomputing
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Summary:The paper has twofold goals. The paper reviews the culture of entrepreneurship and entrepreneurial competencies in Palestine. It is characterized by donor-supported and non-governmental-initiated trainings. This demands an urgent active involvement of universities in the field of entrepreneurship that is shaped in the form of Research and Development as well as offering entrepreneurship academic programs. This comes in line with the emerging trend of offering courses and programs at universities worldwide. Furthermore, the paper proposes a softcomputing-based entrepreneurial key competencies' model (SKECM). This tool is capable of predicting/judging the overall quality of entrepreneurial competencies. SKECM is based on the three-cluster, ten key entrepreneurial competencies developed and used by Empretec. A three-stage, 14 different models have been developed and validated by hundreds of randomly generated datasets. Measures were used to validate the adequacy of these models including, the mean average percentage errors and the maximum percentage errors. The best achieved values for these measures are 0.8511 and 6.3175, respectively. However, although the preliminary findings of the proposed SKECM model are promising, more testing is still required before stating the adequacy of applying the softcomputing modeling approach in the entrepreneurship field (This is to state that there are no financial competing interests (political, personal, religious, ideological, academic, intellectual, commercial, or any other) to declare in relation to this manuscript).
ISSN:2192-5372
2192-5372
DOI:10.1186/s13731-016-0048-6