Abstract:
Entrepreneurship is well established concept in the literature. Organizations such as
small and medium enterprises need to improve their entrepreneurial skills to achieve their
goals successfully. Each person has exclusive entrepreneurial competencies and
entrepreneurial orientation. Entrepreneurial competencies are the tactically important
resources of a business. So far, researchers have investigated different kinds of
entrepreneurial competencies namely, analytical, commitment, conceptual, decision making,
ethical, human, innovative, knowledge, learning, networking, operational, opportunity,
organizing, personal, relationship, social responsibility, strategic, technical competencies etc.
But, six competencies such as conceptual competency, strategic competency, opportunity
competency, learning competency, personal competency, networking competency and ethical
competency are well documented in the literature. Entrepreneurial orientation is one of the
most regularly applied organizational level construct in entrepreneurship research. As per the
literature, entrepreneurial orientation is represented by five dimensions namely
innovativeness, risk-taking, autonomy, pro-activeness and competitive aggressiveness. But,
three dimensions such as innovativeness, Risk-taking and pro-activeness are well
documented in the literature. Impact of entrepreneurship on organizational performance is a
most popular research area all over the world. Both Entrepreneurial competencies and
entrepreneurial orientation affect the success of business ventures as per the literature. The
success of entrepreneurship depends upon the entrepreneurial competencies of entrepreneurs.
A number of studies have been conducted on the relationship between entrepreneurial
orientation and organizational performance as well. Most scholars have found a positive
impact of entrepreneurial orientation also on firm performance. Many countries have
investigated the influence of entrepreneurship on organizational performance. As per the
literature, good entrepreneurial studies are still lacking in developing countries.
Entrepreneurship is regarded as one of the key development initiative in every country.
Therefore, future research needs to expand the field of entrepreneurship in any country,
especially in developing countries.
