Tuesday, 3 November 2015

UUM: SADE1013 ASAS KEUSAHAWANAN / INTRODUCTION TO ENTREPRENEURSHIP





UNIVERSITI UTARA MALAYSIA


SCHOOL OF MULTIMEDIA TECHNOLOGY AND COMMUNICATION

SADE1013 INTRODUCTION TO ENTREPRENEURSHIP
GROUP: P

PREPARED FOR
EN.SOHIMI BIN RAMLI

PREPARED BY
NUR DINI BINTI MOHD HATTA 225974
NURUL A’FIFAH BINTI MAJIDIN 226662
FARHIYAH BINTI HAMDI 228992
NURSHUHADA BINTI ZAMRI 229036
NORSUHADA BINTI HASHIM 229054
MUNAIZAH BINTI OMAR 240509



INTRODUCTION

Entrepreneur is a person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so. There are few of myths about entrepreneur that had been created. Community stated that entrepreneur is naturally born and not been created. Some said that entrepreneurs only want money and they need is some luck to be entrepreneur but a successful entrepreneur can be distinguished from ordinary entrepreneurs. They have the characteristics of entrepreneurship that boost them to succeed.
TASK 1
1.        Networked



BILL GATES
William Henry "Bill" Gates III was born on October 28, 1955. He is an American business magnate, philanthropist, investor, computer programmer, and inventor. In 1975, Bill Gates and Paul Allen co-founded Microsoft, which became the world's largest PC software company. During his career at Microsoft, Gates held the positions as the chairman, CEO and chief software architect, and was the largest individual shareholder until May 2014. Bill Gates has authored and co-authored several books.
In the beginning of 1987, Gates was included in the Forbes list of the world's wealthiest people and was the wealthiest overall from 1995 to 2014 and this exclude a few years after the financial crisis of 2007 to 2008. Between 2009 and 2014, his wealth doubled from US$40 billion to over US$82 billion. Between 2013 and 2014, his wealth was increased by US$15 billion. Bill Gates is currently the richest man in the world.
Bill Gates is one of the best-known entrepreneurs of the personal computer revolution. Gates has been criticized for his business tactics, that had been considered anti-competitive, an opinion which has in some cases been upheld by numerous court rulings. Later in his career Gates pursued a number of philanthropic endeavours, donating large amounts of money to various charitable organizations and scientific research programs through the Bill and Melinda Gates Foundation, established in 2000.

2.        Open Risk Taker
TAN SRI LIM GOH TONG
            Business requires full attention, energy, time and sacrifice all for the business sector is very serious. If we dare to take risks, our business will continue to progress. Otherwise, wishful thinking baked will stop halfway, and the dignity of self that had pawned. Business can be viewed as the dignity of a person because no one wants his life failed and belittled others. The shrewd in business can afford to have a real life with all your wishes and dreams. As a palatial bungalow, drive fancy cars, financially stable, vacations around the globe with a variety of other amenities. Leading to the original topic, the business with the Chinese is very smooth and difficult to separate. It can be said that the secret of success of Chinese people is through business. Because of this, many of the millionaires Malaysia consist of groups of Chinese people. This group was able to lead a luxurious life as a result of their underlying business opportunities. More clearly when we say that any kind of business in Malaysia monopolized by these groups. Since the early days of Malaya, these people who come emigrate from China has held the helm in the transaction, especially its mines.

The closest example we are opening the biggest tourist center (Casino de Genting) Genting Highlands casino resort. (Now is Known as Resorts World Genting) Arrival him as a very poor led him to try harder to improve living standards. Genting Group founder cum Asian tycoon Tan Sri Lim Goh Tong was revealed a few tips so successfully practiced alone makes Genting Highlands Resort is an entertainment center and a world-leading vacation. As Malaysians, we should be proud and make it as inspiration to go ahead in business. The late Tan Sri is the founder of the Genting Group and president for life. He died in 2007, as Southeast Asia's richest man with assets worth RM 421.8 billion.

In addition, Tan Sri Lim also said that we must be prepared to face any eventuality with courage to fall this will make it as a stepping stone to continue to build a bright future. If you do not dare, a desire to start a business must stay. However, the emergence of a world-class tourism center is the brainchild of a Chinese man who was once labeled as crazy a long time ago. Mockery received the inspiration to go forward. People have said that the idea was not going anywhere and promised return on capital investment as no one is interested in a business like that. He responded to the challenge by working 2 shifts all week to save costs. He and his friends had to stay in the woods and caves close. He was the first to work on shifts 24 hours a day throughout the week to ensure that goal is achieved. He will also be among the first to get to work and be the last man to come home from work. He always keeps its employees and considers that all its employees are its most valuable assets. Now, First World Hotel is the largest hotel in the world.

In conclusion, we can see Tan Sri Lim for his willingness to take risks to achieve success. This is because everyone has the right to succeed and they should be given the opportunity to try his luck. Indeed, every ambition and dreams to charge full attention and the highest sacrifice.

3.        Observant

DATUK WAN MOHAMMAD SANI SALLEH
The young man of Managing Director of Sani United Sdn Bhd (SUSB), Datuk Wan Mohammad Sani Salleh. He became famous because of “Sani Express” that known as the red buses. Right now, there have more 25 buses, double-decker buses are all elegantly decorated and comfortable. Wan Mohd Sani or known as Sani said “What has done today was unexpected, even never being dreamed”. He began his business because of interests and want to change to a better level.

He is observant because before this, he works in the entertainment industry like model, singer and actress. After that, he realize that how long he had to live like that. He works like that because it just to earn a living and entertained people.

He put determination to change lives by doing business. He start begins with open repair workshops at Kuala Lumpur and Terengganu and so on to try business in the field of transportation such as bus, which has always been an interest.He was only has an employee and to make full use of energy and thoughts, the dream that all plans to start operating express buses only show results after three years of hard work and capital from financial institutions. His big risk because the loan was made, but he was observant and sure of what to do.

Sani prove that the road that he had chosen is worth because success only in the last three years Sani Express is outstanding performance. From has an employee, Sani currently has 150 staff. From a small office in Ukay Perdana, Sani now have their own accommodation, which was bought and renovated by spending reaching RM 7 million. Accommodation that have three stages named Wisma Dato 'Sani in Klang Sentral is well-equipped. In addition to being center of operations, it is equipped with hostel, training centers and prayer room. The most interesting, all operating in Sani Express ticket counter in each state monitored live via closed circuit television cameras at the accommodation.

4.        Visionary

GOH  PENG  OOI

Goh Peng Ooi is the Executive Chairman of Silverlake Axis Ltd, a company which he founded in 1989. Through his vision of the future technology demands of the banking industry, Goh has built Silverlake to become a leading provider of state-of-the-art digital economy solutions and services for the banking and financial services, payments, retail, logistics and insurance businesses. Today, the group is a multi-billion dollar organization represented in over 20 countries across Asia Pacific, Middle East and Africa.


Philip Rao, Partner and EOY Malaysia Programme Director said, “Goh Peng Ooi is an excellent example of entrepreneurs who have the vision to challenge the status quo and ask questions that some haven’t even thought of yet. Through his innovativeness and entrepreneurial efforts, Goh has over a 25-year period helped transform the digital landscape and act as an enabler for growth opportunities. He has provided comprehensive methods and tools, business applications and technologies to help his customers capitalize on opportunities, thereby contributing to their success in the digital economy.

5.        Failure Is an Option

IRFAN KHAIRI
Irfan Khairi received a Bachelor of Multimedia Design from Staffordshire University, United Kingdom. After graduating, Irfan was offered to work in one of the largest IT Company in Birmingham, Netmedia (UK) Ltd. As the inventors of multimedia systems and internet consultant, he was responsible for designing Internet learning systems for schools in the United Kingdom called the Learning Grid. At this point, more than 5,000 schools in the United Kingdom using the Learning Grid system. Therefore, interest and background in the field of deep and Internet business, he started his own business on the Internet part-time basis in 1999.

However, before succeeding, he admits failure in the infancy of working on the internet business. For a year he had problem getting clients, lead the business carried on not achieved. The experienced from the failure causing Irfan Khairi started learning the ropes of the business on the internet. Result from his research on his failure, Irfan Khairi found that there are two major flaws that reason the failure of inaccurate methods of promotion and lack of focus. Strong interest in the internet business has encourage Irfan Khairi relearn many things about marketing via the Internet, as well as making some experts in the field of internet marketing for example.

In a second attempt to rise from failure, Irfan smarter chooses a more appropriate method of promotion to featured products. For example, the promotion of he has focused on the Arab market to sell maps of Malaysia, to find that the product is in high demand there. Irfan finally managed to pick up business on the right track, when the income of the business through increased many folds of income from permanent employment. This has led his to making internet business as a full-time career.

Within 3 years of operation, one of its business generated a net profit of RM1000000 without employees and sophisticated computer equipment. Its initial capital of only RM500. At that time, he was only 25 years old.

 On the inspiration that has been shown, he was awarded the Young Innovation Award 2006 from Oxford Association of Management, United Kingdom. It is awarded for his efforts in educating and inspiring a new generation of Malaysia in the field of Internet and Success.
6.        Open Culture               

JOHN PAULSON

Many believe that being a risk-taker is a quality of a successful entrepreneur. This is somewhat of a mistruth, as successful entrepreneurs are anything included risk-takers. Of course, there are many risks when starting a business, however, though planning and foresight can alleviate many of these risks.
For examples American hedge fund manager John Paulson. John Paulson was born in Queens during World War II. His father owns marquee properties in Puerto Rico and is bullish on Puerto Rico despite the island's recent default. Paulson has been called by one of the most prominent names in high finance and a man who made one of the biggest fortunes in Wall Street history.
Paulson & Co. has been one of Wall Street's most closely watched hedge fund firms since Paulson famously made billions betting against subprime mortgages in 2007. John Paulson demonstrate that being an entrepreneur involves being alert and aware of business opportunities that may arise. Paulson identifying a business gap as it emerged and decided to act on it.

7.        Proactive

AINUAL AZHAR JASMI
A proactive attitude is a positive attitude in formulating and controlling the actions that take place much earlier than expected to the occurrence of a problem or incident. By these features will give the tendency for entrepreneurs to find and analyze a situation or circumstance efficiently.

For this situation, the managing director of AJ Food Industries (M) Sdn Bhd, Mr. Ainual Azhar Jasmi is a good example. Ainual worked with the sauce manufacturing company owned by Bumiputera proposed his employer in order to produce mayonnaise. He was confident that the product could further and become the preferred food for Malaysian people but the mayonnaise is not popular and considered to be food Westerners. When he proposed to his master to produce mayonnaise, his suggestion is ignored because his employer did not dare to explore new product to the market.

This reinforces his passion to develop the product. He then stopped working and start doing research and development (R&D) to working out for the product before producing it two years later. According to him, it is not easy for him to pave the way for developing a product that is not yet known. Making mayonnaise has not been easy but Ainual Azhar Jasmi did it.


8.        Outcome Oriented


Goh Peng Ooi

Goh  Peng  Ooi is the Executive Chairman of Silverlake Axis Ltd, a company which he founded in 1989. Through his foresight of the future technology demands of the banking industry, Goh has built Silverlake to become a leading provider of state-of-the-art digital economy solutions and services for the banking and financial services, payments, retail, logistics and insurance businesses. Today, the group is a multi-billion dollar organization represented in over 20 countries across Asia Pacific, Middle East and Africa.

Philip Rao, Partner and EOY Malaysia Programme Director said, “Goh Peng Ooi is an excellent example of entrepreneurs who have the foresight and vision to challenge the status quo and ask questions that some haven’t even thought of yet. Through his innovativeness and entrepreneurial efforts, Goh has, over a 25-year period, helped transform the digital landscape and act as an enabler for growth opportunities. He has provided comprehensive methods and tools, business applications and technologies to help his customers capitalize on opportunities, thereby contributing to their success in the digital economy.


9.     Team Oriented
 Larry Page
Sergey Brin
Team oriented is a group of people (more than 1 people) that can organized to work together. It also means the decision must include with other people. Sergey Brin and Larry Page are the person that create Google.

On 1995, Sergey Brin and Larry Page accidently collide and because of that they often involve in discussion. Although they have different opinion at first but than they communicate each other and collaborate to solve the problem. They discuss about problem in the world of computer which is how to recover data from a massive data set.  On 1996, they do in making search engine called BackRub. One year after that, the approach of network analysis BackRub that they introduced instantly spread across the campus.

Google is from mathematical form which is “googol” that means 1 followed by 100 zeros that are describe their mission to organize the amount of information that available on the Web. They created the search engine result that are listed according to the popularity of the pages after conclude that the most popular result would found. On 1998, they launched the company and on August 2004, Google held its initial public offering. Besides that, on 2004, they started become billionaire.

In conclusion, team oriented or do it together with other people is one of the characteristic that should have in everyone. Although they have different opinion at first, they work together to solve the problem and right now they are one of the billionaire in the world.


TASK 2

Tan Sri Syed Mokhtar Biography

Tan Sri Syed Mokhtar Shah bin Syed Al-Bukhary is a businessman and the richest Malay entrepreneurs in Malaysia. Tan Sri Syed Mokhtar Shah is the son of the couple Syed Nor Albukhary and Sharifah Rokiah Syed Mohamed Rahmat. He was born in 1951at Alor Setar, Kedah and the third of seven siblings. His father was a trader who had traveled to Central Asia and Thailand in his youth before settling down in Kedah during the 1940. He was married to Puan Sri Sharifah Zarah Al-Bukhary and has 4 children. He was educated at Saint Michael School at Alor Setar until form five. Then he continued his study at Drop Out.

Tan Sri Syed Mokhtar started his business as meat entrepreneur in 1970 and dealing in rice business at 1990. More success followed him after that and he moved to rice trading business. He worked harder after he was awarded the rice trading license from Lembaga Padi Negara, and later awarded successions of supplier contract government-linked corporations as partner with Zainal Hatim Hj Ambia Bukhary. As his determination starting to skyrocket, he quickly moved to expand into diversification of other businesses. Today, his business empire has grown into areas such as plantation, property development, construction, engineering, power generation, infrastructure and ports.

He is also the owner of Al-Bukhary Foundation based business engaged in farming, construction, engineering, infrastructure and ports. In the 80s, Syed Mokhtar switched his field to transport which has brought luck to him to become a prominent figure among the richest Bumiputera in Malaysia. In 1996, he established Albukhary Foundation as a charity to help the poor and needs. The existence of Albukhary complex put over RM400 millions orphanages and elderly, hospitals and dialysis centers, which are all provided free of charge to the needs. His love towards science is so obviously when he provides Albukhary scholarships to poor and clever students to 47 countries that Muslims are minority group to pursue a high and build Albukhary International University. Because of his stature in the field of corporatisation and community and serve the religion, race and nation, he was awarded the Distinguished Figures 2009.

1.        VISIONARY
A successful businessman must always be forward-thinking and forward-thinking to create something new. This feature is very important and should be included in each and every entrepreneur in the world. A visionary entrepreneur and visionary sees his environment whether there is an opportunity or a threat to the prevailing business. However, they need intelligent control of the threats and challenges. Under these conditions, can be used as an opportunity to improve themselves and the company's ability to compete with other companies.

            In Malaysia, Tan Sri Syed Mokhtar Shah bin Syed Nor Al-Bukhary is a very insightful. This is so because he has a strong goal in everything he does. This can be seen, when he was very confident that any provision derived come from Allah. Furthermore, he believes that everything good that has been done in the world will be brought to the hereafter. Therefore, he set up a foundation called Yayasan Al-Bukhary as in 1996 to help poor people and support the development of art and culture in the Muslim community. It aims to leave a legacy to the nation's culture remain for long.

2.        PROACTIVE

Tan Sri Syed Mokhtar Shah bin Syed Nor Al-Bukhary is a proactive person. Proactive means creating or controlling a situation by causing something to happen rather than responding to it after it has happened. Before he become famous and rich, he helped his mom sell vegetables to support his family and after that, he sold ‘roti canai’. He also helped his father rearing cattle and buffalo but have to face some problem of foot and mouth epidemic that has spread across southern Thailand, Kedah and Perlis. All the livestock business decline due to disease. On 1972, he change career path.  He started new business which is transport business. He obtained a permit for the 4 lorries of Class A. Besides that, he also lend RM 110,000 from MARA and buy 2 lorries Mercedes 911LS. After that, he opened ‘Syarikat Pengangkutan Sentosa’. All those lorries were used to start rice business. On 1974, he bought the first house with the agreement ‘Perbadanan Kemajuan Bandar’ (UDA). On 1975, he set up a company which is ‘Syarikat Shah’ and apply for a trading licence rice from ‘Lembaga Padi Negara’ and now also known as Bernas. He success  to get a contract for the supply of rice to the FELDA, MARA Senama, Pernas Edar Sdn Sergam. All this result is to measure the government implemented the ‘Dasar Ekonomi Baru’. Right now, he become famous and success because have proactive attitude.

3.        FAILURE IS AN OPINION
Tan Sri Mokhtar Al-Bukhary never knew about failure in his life and he always learns from mistakes. He always is careful in his business. He is responsible on what he was doing. He always thinks that wealth hat we get come from responsible. He said, he must do kindness although it small but it bless. He also didn’t selfish. Success and wealth is belongs to Allah and use it in the right way. He never gives up, strong waking up from mistakes.

Don’t make religion is the place to us to rely when we in trouble. He act according to the needs of affected but continue to strive to make every problem resolved as soon as possible. When he has a problem, he can solve the problem with wise and calm.  He did not give up under any circumstances. He said, to develop a strong business need to be patient and work. He also advises young entrepreneurs do not want to succeed quickly. Every effort is absolutely necessary through a phase of adversity, challenges and so on. He took off his own example that starts from the bottom with the help of his father sold the cattle and buffalo in the village before reaching the stage now. Usually when a breakthrough short, too easy for the business we do it crashed. "If we go through the hard way, then we will find a way to appreciate and love," he explained briefly.


4.        OPEN RISK TAKER

Tan Sri Mokhtar Al-Bukhary is one of the most prominent Malaysia entrepreneurs and he started doing business by helping his father in breeding cows. Tan Sri Syed Mokhtar started his real business in the southern Malaysia, selling and distributing rice. With the acquired knowledge and increase in his entrepreneurship skills, he later ventured into trading, logistics and shipping. Today he is listed as one of the top ten richest men in Malaysia by Forbes.

Tan Sri Mokhtar Al-Bukhary always have mission and vision to improve himself and have a high goals to success in what he undertakings. He is patience and perseverance when he face advantages and always brave to face it. He always looks forward and only thinks to be a successful people and help another people. He never feel fear to himself and confident. People always think that we must have money to survive.

That is make them lost from helping another people. Besides that, they will feel to the, self and they forgot wealth is never helping you forever. He symbolizes a generation of the Malay corporate figures who is capable in leading a number of business conglomerates. His success could be seen when he acquired 90% ownership of Seaport Terminal (Johor) Sdn. Bhd. in 1993. He was able to lay his hands on a mega project when Seaport was awarded a 30-year concession to build and operate the Port of Tanjung Pelepas (PTP), which made him a substantial majority shareholder.

He will focuses on one business until his business success and give benefit and then he will try new business. Like he was said, first business must stable before try another business. This is because, if another business is not really good, he already has a good business at the first.


5.        OPEN CULTURE

As his determination starting to skyrocket, he quickly moved to expand into diversification of other businesses. Today, his business empire has grown into areas such as plantation, property development, construction, engineering, power generation, infrastructure and ports.

He is also the owner of Al-Bukhary Foundation based business engaged in farming, construction, engineering, infrastructure and ports. In the 80s, Syed Mokhtar switched his field to transport which has brought luck to him to become a prominent figure among the richest Bumiputera in Malaysia. In 1996, he established Albukhary Foundation as a charity to help the poor and needs. The existence of Albukhary complex put over RM400 millions orphanages and elderly, hospitals and dialysis centers, which are all provided free of charge to the needs. His love towards science is so obviously when he provides Albukhary scholarships to poor and clever students to 47 countries that Muslims are minority group to pursue a high and build Albukhary International University


CONCLUSION

Entrepreneur is cannot be created but it born naturally. Basically being an entrepreneur is not only about money. When the traits of entrepreneur is being develops, the entrepreneur will success.

REFERENCES

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