Final answer:
Personal entrepreneurial competencies are the character traits and skills necessary for successfully managing and leading business ventures, which include self-awareness, adaptability, and a strong sense of identity.
Step-by-step explanation:
The meaning of personal entrepreneurial competencies refers to the essential character traits and skills an individual possesses or needs to develop to successfully manage and lead their business ventures. These competencies include a strong sense of identity, self-awareness, the ability to reflect and take action in relation to the world, the desire to succeed, and the skills to navigate the ever-changing economic landscape. Whether operating as a sole proprietorship, partnership, or corporation, understanding and cultivating these competencies can lead to more informed career decisions and greater success in entrepreneurship.