Entrepreneurship

Group 2: “Entrepreneurship”

Definition
This is about the ability to formulate new ideas or to adapt or use existing ideas in a new or unexpected way to solve problems, and to think ahead to spot or create opportunities and maximise them.

Sub skills
1. Patents and IPR.

2. Creativity

3. Initiative and entrepreneurial spirit

Level 1 - ''" Addresses current opportunities and problems by improving and adapting existing approaches." ''

Addresses current opportunities and problems by improving and adapting existing approaches.

Level 2 - ''" Identifies and exploits opportunities in the short-term. Applies own knowledge and expertise to developing new approaches to exploiting these." ''

Identifies and exploits opportunities in the short-term. Applies own knowledge and expertise to developing new approaches to exploiting these.

Level 3 - " Anticipates the future, and develops new products & services" 

Able to spot opportunities and problems in the medium-term (3 to12 months), and develops new approaches, products and services based on these. Understands the business case for diversity and equal opportunities. Uses networks to seek fresh ideas. Encourages different agencies to pool resources and expertise.

Level 4 - " Creates opportunities & acts for the long term" 

Sees and acts on long-term (beyond 12 months) opportunities and problems. Formulates completely new and ‘off the wall’ ideas and concepts, which create a potential opportunity, and uses innovative approaches to allow them to be realised. These may address underlying needs that have not yet been identified by customers.

Assessment
Current methods used to assess ability in the skill.

Benchmarks
Statements that could serve as comparators for ability.

Relevant Higher Order Skills
Behavioural skills