Entrepreneurial Information Management Competencies

Entrepreneurial Information Management Competencies

Identify information management theories that are critical for entrepreneurs to know.

Theories pertaining to information management, when implemented properly, can improve performance, increase value creation, and spell business success for entrepreneurs. Theories such as: Lazarus Appraisal Theory of Emotions, Bandura’s Social Cognitive Theory, Meischkes’ Comprehensive Model of Information Seeking, Brabrow’s Problematic Integration Theory, and the Theory of Motivated Information Management each have their respective rights in the general business philosophy and are in some regards responsible for information management success.

Identify information management skills that are critical for entrepreneurs to develop.

The apropos managerial composite of technological, conceptual, social, and marketplace skills are critical for synthesized entrepreneurs to develop. The technological skills required for successful information management (IM) integrates the knowledge and applicability of specific tools, software, hardware, database management, and operating systems. Conceptual skills such as proper preparation, assessment, judgement, and decision-making based on the productivity and results of the organization and oneself. This includes applying specific methodologies, and implementing strategic and calculated systems planning. Social skills including interviewing, influencing, leading, in addition to professional networking strategies, have a synergistic effect upon developing lasting network relations. Finally marketplace and conceptual skills such as business intelligence, general business and financial skills, specialized business skills, along with diplomatic negotiation, contract, and appraisal skills are essential proficiency requirements for successful entrepreneurs in the 21st century (Heckman, 1998).

 

Identify information management abilities that are critical for entrepreneurs to develop.

The objectiveness to perceive competition as the , “unequal distribution of information and the differing abilities to acquire, absorb, and act” on said information marks the delineating characteristics of a successful entrepreneur in the 21st century (Choo, 2002). If information acquisition is the connection between career competence, experiential learning, and successful entrepreneurship than the ability to accrue such information is the determining component for entrepreneurial success (ibid).

 

Identify information management behaviors that are critical for entrepreneurs to develop.

Behaviors outline the broad skill requirements, values, and integrated competencies which drive an organization's information direction and consequently, its success. Complementary behaviors aid to rapidly propagate information processing technologies and include environmental scanning and information management adaptivity  (Choo, 2002). Entrepreneurs utilize knowledge, skills, and abilities obtained through experiential learning , developing career competencies,and student internships to propel their organization toward success in the 21st century.