CONCEPTUAL ANALYSIS OF SELECTED ENTREPRENEURIAL COMPETENCIES AND PERFORMANCE OF WOMEN OWNED-BUSINESSES

In the context of family-owned enterprises, this study examines the conceptual implications of various entrepreneurial competencies on firm performance. We conceptually investigated the relationships that exist between these types of competencies and the achievement of success in business. Our primary focus was on the concept of competencies, which includes the abilities of analytical planning, invention, teamwork, leadership, networking, and enforcement/implementation. Our research, which is based on the literature that is currently accessible, shows that companies that place a high value on entrepreneurial competencies typically perform well due to the competitive advantages they possess over their competitors. The paper provides some conceptual clarification on entrepreneurship in developing nations and makes recommendations for additional empirical research on firms focusing on entrepreneurial competencies that could help policymakers implement more successful programs to support and nurture entrepreneurs for the prosperity of the economy.