Topic 1
Topic 1
Topic 1
Expectation
› Attendance – 80% compulsory.
› Gadgets, dressing code, etc.
› Participation in class
Mode of teaching and learning
Coursework and Assessment
2
acquire related knowledge and management skill in developing a business.
identify the relationship of entrepreneurial motivation and innovation in
developing business.
justify the importance of leadership in achieving organization goals.
justify the importance of networking in developing business.
apply the knowledge, management skill and leadership in the business
context
3
identify the skill and management that needs to be practiced in business
explain the relationship of entrepreneurial motivation and innovation in
developing business
clarify the importance of leadership in achieving organization goals
relate the method of managing the internal and external networking of an
organization effectively
demonstrate the entrepreneur knowledge and skill into the act of managing
the business
4
Courseworks + Final Assessment = 100%
COURSEWORK/ASSIGNMENT MARKS
1 Let’s Innovative!!!
Product Concept (20%)
20
2 Business ‘Know-how’ 40
Business ‘Know-how’ Report (25%)
Presentation (10%)
Peer Review (5%)
3 Final Assessment 40
Total 100%
5
To understand on the concept of entrepreneur and entrepreneurship
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Innovator or
developer
Entreprendre
(to undertake)
Resource
organizer
REWARD
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“is a catalyst for economic change and growth; who uses purposeful
searching, careful planning, and sound judgment when carrying out the
entrepreneurial process.”
“Uniquely optimistic and committed, the entrepreneur works creatively
to establish new resources or endow old ones with a new capacity, all
for the purpose of creating wealth”
Related concepts - entrepreneurial, entrepreneurship and
entrepreneurial process.
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Kuratko & Hodgetts (2004):
“is a process of innovation and new venture creation through four
major dimension – individual, organization, environmental &
process – that is aided by collaborative networks in government,
education and institutions.”
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Micro perspective—
focuses on the behavior and
thoughts of individuals
Macro perspective—
focuses primarily on
environmental factors
Both are keys in
understanding the
entrepreneurial process
TIMMONS MODEL OF THE ENTREPRENEURIAL PROCESS
Business plan
Opportunity Resource
Ambiguity
Fits & Gaps Exogenous
forces
Creativity Leadership
Entrepreneur
Market Model
Uncertainty
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Baron & Shane (2008)
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Founders Every startup company must have a 1st class entrepreneur
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Transform life through invention eg. invention of
electricity, ICT, transportation
Engine for economic growth
› entering and expanding existing markets
› innovation activities lead to technological change
› productivity growth
Encourage creativity
› creating entirely new markets by offering innovative products
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Can entrepreneurship
develop in countries
without government
intervention?
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Barter trade system – exchanges of goods
Port of Malacca – interaction with foreign merchants
Colonialisation – policy ‘divide and rule’
› Malays – administration and agriculture
› Chinese- mining and business
› Indians – estate
After Merdeka – government develop New Economic
Policy (1971-1990), New Development Policy,
Vision 2020.
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To foster a vibrant entrepreneurship culture and creating
a new generation of resilient and competitive
entrepreneurs
Integrating entrepreneurship culture in the educational
system (introduction of subjects such as Economy,
Commerce and Accounting)
Provide positive business environment, tax incentives,
various financing schemes , physical infrastructure, and
advisory services through supporting policies.
Encouraging privatisation to provide the private sectors
with opportunities in areas previously controlled by
government agencies
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Entrepreneurial activities in Malaysia- current issues
Richest entrepreneurs in Malaysia
Richest entrepreneurs in South East Asia
Social Entrepreneurship
The Importance of Entrepreneurship Field.
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Strengthen your spiritual aspect
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