Scribd Logo
Upload

Welcome to Scribd!

  • 272 views

    OFPS Entrepreneurship 3e: © Oxford Fajar Sdn. Bhd. (008974-T), 2013 1 - 1

    Uploaded by

    Adilah Aisyah
    The document defines entrepreneurship as the process of seeking business opportunities under conditions of risk. It discusses the differences between entrepreneurs and small business owners, types of entrepreneurs, competencies of successful entrepreneurs, risks and characteristics of entrepreneurs. It also describes the importance of entrepreneurship and history of entrepreneurial development in Malaysia.

    Copyright:

    © All Rights Reserved
    Download as PPT, PDF, TXT or read online from Scribd

    OFPS Entrepreneurship 3e: © Oxford Fajar Sdn. Bhd. (008974-T), 2013 1 - 1

    Uploaded by

    Adilah Aisyah
    272 views14 pages
    The document defines entrepreneurship as the process of seeking business opportunities under conditions of risk. It discusses the differences between entrepreneurs and small business owners, types of entrepreneurs, competencies of successful entrepreneurs, risks and characteristics of entrepreneurs. It also describes the importance of entrepreneurship and history of entrepreneurial development in Malaysia.

    Original Description:

    entrepreneurship

    Original Title

    Ch.1 (Intro to ETR)

    Copyright

    © © All Rights Reserved

    Available Formats

    PPT, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    The document defines entrepreneurship as the process of seeking business opportunities under conditions of risk. It discusses the differences between entrepreneurs and small business owners, types of entrepreneurs, competencies of successful entrepreneurs, risks and characteristics of entrepreneurs. It also describes the importance of entrepreneurship and history of entrepreneurial development in Malaysia.

    Copyright:

    © All Rights Reserved
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    272 views14 pages

    OFPS Entrepreneurship 3e: © Oxford Fajar Sdn. Bhd. (008974-T), 2013 1 - 1

    Uploaded by

    Adilah Aisyah
    The document defines entrepreneurship as the process of seeking business opportunities under conditions of risk. It discusses the differences between entrepreneurs and small business owners, types of entrepreneurs, competencies of successful entrepreneurs, risks and characteristics of entrepreneurs. It also describes the importance of entrepreneurship and history of entrepreneurial development in Malaysia.

    Copyright:

    © All Rights Reserved
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    You are on page 1of 14

    OFPS Entrepreneurship 3e

    Oxford Fajar Sdn. Bhd. (008974-T), 2013

    All Rights Reserved

    1 1

    Chapter

    INTRODUCTION TO
    ENTREPRENEURSHIP
    OFPS Entrepreneurship 3e
    Oxford Fajar Sdn. Bhd. (008974-T), 2013

    All Rights Reserved

    1 2

    INTRODUCTION TO
    ENTRERENEURSHIP

    AT THE END OF THIS CHAPTER, YOU WILL BE


    ABLE TO:
    Dene the terms entrepreneur and entrepreneurship.
    Explain the differences between an entrepreneur and a small
    businessman.
    Discuss the theory of entrepreneurship.
    Discuss the types of entrepreneurs.
    Describe the competencies of successful entrepreneurs.
    List the risks of being an entrepreneur.
    Describe the characteristics of successful entrepreneurs.
    Elaborate on the importance of entrepreneurship.
    Describe the entrepreneurial development in Malaysia.

    OFPS Entrepreneurship 3e
    Oxford Fajar Sdn. Bhd. (008974-T), 2013

    All Rights Reserved

    1 3

    DEFINITIONS: ENTREPRENEUR
    & ENTREPRENEURSHIP

    Entrepreneur
    An individual who undertakes the risks of a new
    enterprise.

    Entrepreneurship
    The process of seeking business opportunities under
    conditions of risk.

    OFPS Entrepreneurship 3e
    Oxford Fajar Sdn. Bhd. (008974-T), 2013

    All Rights Reserved

    1 4

    ENTREPRENEURSHIP

    The process of seeking business opportunities


    under conditions of risk.
    Also refers to the process of creating something
    The entrepreneur is an innovator who uses the
    process to challenge existing norms via
    combinations of new resources and methods in
    commerce.

    OFPS Entrepreneurship 3e
    Oxford Fajar Sdn. Bhd. (008974-T), 2013

    All Rights Reserved

    1 5

    Attitude

    Skills

    Knowledge

    Motivated

    Decision making

    Law

    Confidence

    Problem solving

    Management

    Initiative

    Negotiation

    Economics

    Responsibility

    Communication

    Accounting

    Risk taking

    Creativity

    Values

    Diligence

    Teamwork

    Business

    Mental & Physical Management


    fitness

    Culture

    Information
    seeking

    Project
    management

    OFPS Entrepreneurship 3e
    Oxford Fajar Sdn. Bhd. (008974-T), 2013

    Technical

    All Rights Reserved

    1 6

    DIFFERENCES BETWEEN AN ENTREPRENEUR


    AND A SMALL BUSINESSMAN
    Characteristic

    Entrepreneur

    Small businessman

    Time

    Unlimited

    Limited

    Job nature

    Flexible

    Rigid in adapting to
    changes

    Decision making

    Makes own decisions

    Follows decisions made


    by others

    Effort and commitment

    Continuous

    Low

    Risk taking

    Moderate

    Low

    Goal

    Maximizes self potential


    by utilizing available
    opportunities

    Solely for profit


    maximization

    OFPS Entrepreneurship 3e
    Oxford Fajar Sdn. Bhd. (008974-T), 2013

    All Rights Reserved

    1 7

    TYPES OF ENTREPRENEURS

    Intrapreneur
    Technopreneur
    Copreneurs
    Social Entrepreneurs
    Cyberpreneur

    OFPS Entrepreneurship 3e
    Oxford Fajar Sdn. Bhd. (008974-T), 2013

    All Rights Reserved

    1 8

    COMPETENCIES OF SUCCESSFUL
    ENTREPRENEURS
    13 entrepreneurial competencies possessed by successful entrepreneurs(McClelland
    and McBer & Co ,1980s) :
    Personal initiative
    Seize opportunities
    Endurance
    Information seeker
    High work quality
    Commitment towards work agreement
    Efficient
    Systematic planning
    Creative problem solving
    Self confidence
    Assertion
    Persuasion
    Power and authority
    OFPS Entrepreneurship 3e
    Oxford Fajar Sdn. Bhd. (008974-T), 2013

    All Rights Reserved

    1 9

    THE RISKS OF BEING AN


    ENTREPRENEUR

    Uncertainty of income
    Risk of losing entire investment
    Long hours and hard work
    High stress level
    Difficulty in obtaining customers
    Complete responsibility
    Difficulty in obtaining loans
    Discouragement

    OFPS Entrepreneurship 3e
    Oxford Fajar Sdn. Bhd. (008974-T), 2013

    All Rights Reserved

    1 10

    CHARACTERISTICS OF
    SUCCESSFUL ENTREPRENEURS

    Able to identify opportunities


    Action-oriented
    Always seeking to improve
    Orientate themselves to customers needs
    Value their employees
    Able to face reality
    Able to tolerate tedium (routineness, boredom)
    Able to rebound from disappointments
    Risk takers
    Locus of control
    Independent and in control

    OFPS Entrepreneurship 3e
    Oxford Fajar Sdn. Bhd. (008974-T), 2013

    All Rights Reserved

    1 11

    IMPORTANCE OF
    ENTREPRENEURSHIP

    Self development
    Family development
    Society/community development
    National development
    Spiritual development

    OFPS Entrepreneurship 3e
    Oxford Fajar Sdn. Bhd. (008974-T), 2013

    All Rights Reserved

    1 12

    ENTREPRENEURIAL
    DEVELOPMENT IN MALAYSIA

    Malacca foreign traders


    British colonial era introduced divide and rule
    system
    After independence New Economic Policy
    (NEP) ,1971-1990
    National Development Policy (NDP),1990-2000
    Vision 2020, present

    OFPS Entrepreneurship 3e
    Oxford Fajar Sdn. Bhd. (008974-T), 2013

    All Rights Reserved

    1 13

    SUCCESSFUL MALAYSIAN
    ENTREPRENEURS

    Tony Fernandes
    Robert Kuok
    Maznah Hamid

    Etc.

    OFPS Entrepreneurship 3e
    Oxford Fajar Sdn. Bhd. (008974-T), 2013

    All Rights Reserved

    1 14

    You might also like

    pFad - Phonifier reborn

    Pfad - The Proxy pFad of © 2024 Garber Painting. All rights reserved.

    Note: This service is not intended for secure transactions such as banking, social media, email, or purchasing. Use at your own risk. We assume no liability whatsoever for broken pages.


    Alternative Proxies:

    Alternative Proxy

    pFad Proxy

    pFad v3 Proxy

    pFad v4 Proxy