Entrepreneurs' Role in Business & Economic Growth: Understanding Entrepreneurship, Summaries of Public Health

Download Entrepreneurs' Role in Business & Economic Growth: Understanding Entrepreneurship and more Summaries Public Health in PDF only on Docsity! Hisrich Peters Shepherd Chapter 1 Entrepreneurship and the Entrepreneurial Mind-Set Copyright © 2010 by The McGraw-Hill Companies, Inc. All rights reserved.McGraw-Hill/Irwin By Dr. Rogis Baker  Nature and the development of Entrepreneurship  Definition of Entrepreneurship  The Entrepreneurial decision process 1-2  Types of Start-up  Role of Entrepreneurship in Economic Development  The Future of Entrepreneurship Small and Medium Enterprises (SMEs) SMEs are the backbone of the economy 98.5% SMEs by Sector: business establishments 1 \ Services in Malaysia are SMEs rt) ‘89.2% (809,126 SMEs) «Cut across all sizes & sectors ” a Manufacturing ye by Size: » ® 20.6% of 5.3% (47,698 SMEs) { SMEs are women- s 20,612 SMEs AU) ach owned Construction ay 4.3% (39,158 SMEs) 192,783 SMEs enue 2 51% of the equity held by uty ee a woman / women 1.1% (10,218 SMEs) OL ita oR -CEO/ MD is a woman that _ Mining & Quarrying 907,065 establishments __ een 0.1% (a65 SMEs) Sy equity http://www.smecorp.gov.my/index.php/my/polisi/2015-12-21-09-09-49/statistik-pks Malaysia's ease of doing business ranking Source: World Bank 1-6 dengan membuka gerald kamival dan festival, tetapi kini sudah mempunyai se bu kedal di dalam uni versiti apabila mendapat pantuan suntikan modal se= ~ banyak RM2,500 melalui pa- kej daripada Perbadanan Ke- majuan Negeri Selangor (PENS). “Perniagaan menjual air minuman pelbagai perisa yang semakin popular ketika ini mendapat sambutan ha- ngat daripada penuntut uni- versiti lain dan kami turut mempunyai 20 pekerja sam - bilan di Kalangan mahasis- .” katanya ketika ditemui hawan PKNS 2016, kelmarin. Mereka yang juga pene rima anugerah di bawah kategori Usahawan Maha- siswa Cemerlang itu turut berhasrat maha mengem. bangkan perniagaan ke € tahap lebih tinggi. Sementara ita, seoramg “lagi penerima anugerah Usahawan Mahasiswa Ce merlang Ahmad Neor Ra sydan Hamidun, 20, yang menjalankan perniaga- an “Pop Com atau berth jagung kental bermula de ngan’menjual dari bilik ke bilik asramanya di Kole) ‘Universiti Islarn Antarabang- sa Selangor (KUIS) Ahmad Noor Rasydan yang juga pclajar semester lima Diploma Dakwah, ber- kata, dia begitu meminati bi dang perniagaan dan memi- Tih untuk menjualnya apabila mendapati ramai mahasiswa. 4 os 2 bulan dapat F. Dua pelajar UIAM raih pendapatan lumayan hasil program keusahawanan PKNS gemar menonton filem dibi ik mereka bagi mengis| ma- sa terluang. “Bermula dari situ, saya mengambil peluang menjual snek kegemaran ramai itu bermula dari jam 6 -petang hingga 10 malam berdasar- kan tempahan melaluidalam talian, “Saya memperoteh Pop Corn daripada pembekal dan - dibungkus semula dengan menggunakan jenama sen diri ‘Super Pop Comm. mun, saya mahu keluar! produk sendiri dengan lebih banyak perisa Kelak,” kata nya yang memperoleh jualan RM1288 dalam tempoh enam bulan, Pada majlis itu, seramal #7 usahawan cemerlang ci ‘bawah program keusahawa nan PKNS menerima peng iktirafan atlas pencapaian mereka melakukan trans formasi dalam perniagaan. Majlis dirasmikan oleh Timbalan Pengurus Besar bitkan 10 program keusaha- Pentadbiran dan Pembangu nan PKNS Noraida Mohd Yr sof, Menurut Noraida, amugerah memba- A wanan iaitu Program Vendor Inkubator Payung {VIP), Program Sub Kontraktor Bu- miputera (SKB), Program. Retail 200, Program Akade- mi MPPB, Program GROW, Program Usahawan Maha siswa, Program Tunas Niaga, VIO by PENS, PKNS Biz Club»; dan Seminar@Biz Point. Katanya, menjadi hasrat PKNS mahu melahirkan go- longan usahawan berdaya ‘maju, berdaya saing dan berdaya tahan di negara ini menerusi Sekretariat Ma syarakat Perdagangan dan Perindustrian Bumiputera ({MPPB) sejak 1995. “Sepanjang program ke- usahawanan PENS, Baha: gian Pembangunan Usa- hawan (BPU) sudah mem- bimbing sekurang-kurang- nya 39,000 usahawan dan" pelbagai peringkat de- ngan kos hampir RM230 juta. ‘Semua usahawan ter diri dalam kalangan pe- ngilangbahanbinaan, sub kontraktor Bumiputera, peniaga mincit, usahawan mahasiswa, usahawan ‘siswazah dan pelajar s¢- kolah menengah dan’ ren- dah,” katanya. = Definition of Entrepreneurship Entrepreneurship? - Entrepreneur??? — i Businessperson?? UL TANOVATION = “e ome Entrepreneur 4 sas 8 ar? Qe | TEAM EaSERTD iVENESS | ° LEADERSHI ip§ —— Source Definition 17th Century Entrepreneurs are individuals who take the risk of profit or loss as a result of a contract with the government at a fixed price. Richard Cantillon Entrepreneurs are risk-takers and they are different from a person who provides capital. Entrepreneurship 1-11 Joseph Schumpeter Individuals who always introduce new things and develop unexplored technology David McClelland Individuals who are able to endure risks, assertive, energetic, responsible, intelligent in decision making, able to envision the future and have organizational skills. Kirzner Individuals who are always attentive to business opportunities that others do not perceive and will take action in imaginative, creative and innovative way.  Entrepreneur – An individual who takes initiative to bundle resources in innovative ways and is willing to bear the risk and/or uncertainty to act.  Definition of Entrepreneurship 1-12  Being an entrepreneur today:  Involves creation process.  Requires devotion of time and effort.  Involves rewards of being an entrepreneur.  Requires assumption of necessary risks. 1-15 EMPLOYEE VS ENTREPRENEUR EMPLOYEE uSTeRE WORK se EFFORT a sang EFFORT “Something to “Something to do for “Something to “Something to do getaway from” ashortperiodoftime” be excited about” all the time” v» 6 ®& SUPPORT INCOME SUPPORT INCOME “Something “Something to be “Something “Something to they deserve" received immediately” they create” be earned later” Traditional Entrepreneur Someone who habitually creates and Meco Rca kedceeaicae| value around perceived cpportunit Motivated by financial gain Seeks personal or Brera gain Higher levels of self-interest Lower levels of social conscience Higher level of drive & determination Ths iveorapnc is inspired by ne esearch arele ‘Persona wat Social Entrepreneur bsseas lore igleR alpen era cco coVanrer(ualcerselei(el| value or social capital from non-profit ese sel arene -Eyereliol ke) 9) a Motivated by social gain Highly innovative & creative Lower levels of self-interest Higher levels of social conscience Higher levels of Tisk taking. Lait cfferences between tracitional and social entrepreneurs’ PRISE IOUIna) Caplore OU? ERPEpAANE.Fanp fSeatch At care taste NQIAUpS UDISINgeSINprOMAlenTepreneUrsnip 5h eo || Emerald fe ete een www.emeraldgroupp ublishi WHY PEOPLE BECOME ENTREPRENEURS can't have a boss easily bored too creative too impatient with a criminal streck not too educated has nothing to lose can't keep ajob wants freedom above all too ambitious. addicted to risk been through school has no other choice of hard knocks but to be an entrepreneur Role of Entrepreneurship in Economic Development  Innovation is depicted as a key to economic development.  Product-evolution process - Process through which innovation is developed and commercialized. 1-21  Iterative synthesis - The intersection of knowledge and social need that starts the product development process. Role of Entrepreneurship in Economic Development (cont.)  Three types of innovation:  Ordinary - New products with little technological change.  Technological – New products with significant technological advancement. 1-22  Breakthrough – New products with some technological change.