Abstract Adopting the qualitative research procedures and methods of the “the Chinese Management Zhagen Research Paradigm”, based on a longitudinal case study of She Yuyuan, the originator of the MG mask, and through the comparison with second-hand data of 31 other outstanding Chinese entrepreneurs, the intrinsic traits of entrepreneurial competencies were researched. The study proposed the concept of Entrepreneur’s Core Competency and found that the Entrepreneur’s Core Competency is composed of five dimensions: the power of insight, the power of will, the power of tolerance, the power of introspection and the power of value. Based on the functions of these five dimensions, the “Missile Model of Entrepreneur’s Core Competency” was constructed and then the functional path of Entrepreneur’s Core Competency was analyzed in depth. The relationship among the Entrepreneur’s Core Competency, competency model and entrepreneurship was further discussed. This research theoretically identified the source of entrepreneurial competencies and established the theoretical foundation for the research of the Entrepreneur’s Core Competency.
