The Role of Entrepreneurial Competencies: Successful Key Smes a Literature Review

Abstract

Purpose: SMEs have been shown in various previous studies to contribute significantly to GDP and survive in different economic conditions. However, entrepreneurs must possess key competencies to be competitive and stay in the long run. This paper aims to describe the role of entrepreneurial competencies in SMEs success through a literature review. Theoretical framework: This study provides a summary of the literature on entrepreneurial competence topics which include knowledge, attitudes and skills which are the basis for effective business performance, potential for success in work, creating a business environment to increase entrepreneurial will. The important role of entrepreneurial competence is part of the literature review providing a strong basis for further research Desain/metodologi/approach: By conducting a literature review and analyzing empirical data, we seek to deepen our understanding of entrepreneurial competence and identify its key role in the success of SMEs. Finding: Our findings suggest that entrepreneurial competencies, including business skills, management, human relations, conceptual understanding, and attitude, are crucial to the success of SMEs. Developing these competencies can lead to more competitive and sustainable SMEs businesses, ultimately contributing to national economic growth. Research, Practical & Social implications: This study contributes to a better understanding of the important role of entrepreneurial competence in achieving maximum performance in an effort to develop entrepreneurial attitudes and behavior skills which form the basis of economic growth and become the main competence for developing employability in society. Originality/value: The added value of this study serves as a guide on how important the role of entrepreneurial competence is in achieving entrepreneurial success. Continuous improvement of entrepreneurial competence in business is urgently needed to achieve maximum performance for SMEs in Indonesia so that they can grow and develop as pillars of economic growth.