ENT 300.Pptx Present
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Transcript of ENT 300.Pptx Present
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ENT 300
FUNDAMENTAL OF
ENTREPRENUERSHIP
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EVOLUTION OF
ENTREPRENEURSIP
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1803
1934
1776
1936
1871
1848
ADAM SMITH-include task of forming organisation for commercial purpose
JEAN BABTISTE-exhibit certain competencies in creating enterprise
JOHN STUART MILL-reiterated the significance of entrepreneursip in private ent.
CARL MENGER-the role of entrepreneur in adding value to entire process of production and distribution.
JOSEPH SCHUMPETER-introduced concept of creative destruction.
ALFRED MARSHALL-the process of entrepreneurship or business development is incremental or evolutionary.
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ISLAMIC VIEW ON ENTREPRENEURSIP
MotivationPrinciplesEthics
Position Economic System
Ibadah
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ENTREPRENEUR AND ENTREPRENEURSIP
entrepreneur
entrepreneurship
Individuals who actively form or lead their own business and nurture them for growth and prosperity.
A process of creating and expanding businesses that collectively form a force for national development and societal prosperity.
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ENTREPRENEURSHIP AND SMEs MALAYSIA
• The development of SMEs has received much attention since the implementation of the New Economy Policy (1971-1990).
• In Malaysia the SMIs employed 90% of the total labor force in manufacturing sector and contributed to about 26% of total value added in the sector.
• A survey done found that there were 12,000 SMEs established in Malaysia made up:
88% -small enterprises12% medium-sized enterprises
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The importances of SMEs:
• Creating job opportunities.
• Plays a crucial role in contributing to the prosperity of big and multinational corporations.
• Enhance the industry through their creativity and innovation.
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CHARACTERISTICS OF A SMALL
BUSINESS
ownership
managementresour
ces
Organisational
structure
Flexibility of
change
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THE ROLE OF ENTREPRENEURSHIP IN MALAYSIA
• symbol of business steadfastness and achievement
• represent the working future for many of us due to lays off by large organization and shrinking of job opportunities for graduates.
• to creation of new venture and small businesses.
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ENTREPRENEURIAL BEHAVIOUR&
COMPETENCIES
• Entrepreneur Motivation
• Entrepreneur Competencies
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ENTREPENEURAL MOTIVATION
The need for achievement (n Ach)• Achievement motive - drive to do well, strive for excellence
and overcome challenges and obstacles in the pursuit of goal.
The need for Power (n Pow)• Power motive - drive to control, influence and to have
impact on others and change the situations.
The need for affiliation (n Aff)• Affiliation motive - drive to establish, maintain or renew
affective relationship with others.
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ENTREPRENEURAL COMPETENCIES
• 1. Initiative• 2. Sees and acts on opportunities• 3. Persistence• 4. Information Seeking• 5. Concern for High Quality of Work• 6. Commitment to Work Contract
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THANK
YOU