 Syllabus

 Expectation
› Attendance – 80% compulsory.
› Gadgets, dressing code, etc.
› Participation in class
 Mode of teaching and learning
 Coursework and Assessment

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 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

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 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

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  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%

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 To understand on the concept of entrepreneur and entrepreneurship

 To trace the evolution of entrepreneurship

 To identify the importance of entrepreneurship
 To reflect on the entrepreneurship in Malaysia

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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

Focused Focus on niche markets where they specialize

Fast They make decision quickly and implement them swiftly

Flexible They keep an open mind and respond to changes

Forever- They are tireless innovators
innovating
Flat Have as few layers of management as possible
Frugal By keeping overhead low and productivity high
Friendly Friendly to their customers, suppliers and workers
Fun It is fun to be associated with an entrepreneurial company
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 Small Businesses Owners
› Manage their businesses by expecting stable sales, profits,
and growth
 Entrepreneurs
› Focus their efforts on innovation, profitability and
sustainable growth. Their involvement in entrepreneurship
is more than mere creation of business
 Seeking opportunities
 Taking risks beyond security
 Having the tenacity to push an idea through to reality

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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

 Promote wealth distribution

› increasing diversity and fostering minority participation in the
economy through career choice and jobs opportunities

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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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Develop saving and investment

orientation