Tuesday, 27 October 2015

A) THE MEANING AND THE QUALITIES OF ENTREPRENEURSHIP

1.    NETWORK
A group of people or organization or places that are connected or that work together. Networker should be generous and practice the art of giving, and should be established  relationships with other individuals, build a friendly relationship with other members of the networks. A large collection of business cards and a huge contact list doesn’t make you an expert at networking. Building value-based relationships that are truly meaningful is what networking is all about. These are the relationships that lead to business opportunities and long-term relationships that are mutually beneficial.
      
     YBhg Tan Sri Datuk Haji Mustapha Kamal Haji Abu Bakar


      With his experience as Deputy Commissioner of Lands and Mines and experience for about 21 years in real estate development industry, Tan Sri Datuk Hj Mustapha Kamal is known as an active executive chairman and practical, to oversee and determine their own direction for the Group's operations with a vision and goals, at the same time, he devotes extensive knowledge of the industry to have its staff. Tan Sri is also largely contributed to both local and international real estate industry. Among other things, he was the Director of South-South Corporation Berhad (MASSCORP) executive committee member of the Malaysia South-South Association (MASSA) and National Coordinator for Africa. 

2.    OPEN RISK TAKER
An action or activity in which someone takes risks to achieve a benefit. The risk taker feels very confident to achieve goals for company while the others cannot. The risk taker automatically try to complete the task when someone tells them it is not possible. 

     Tan Sri Dr Anthony Francis Fernandes


Tan Sri Dr Anthony Francis Fernandes is one of the entrepreneurs who has had an appetite for taking risks. He was the Chief Executive Officer (CEO) of Air Asia and founder of Tune Group. He set the vision of Air Asia is "To become the largest low cost airline in Asia and serving the three billion people who are often charged high fares”. He started Air Asia just a few months after 9/11,so there was an economic slump. Also, people in this part of the world were not yet well acquainted with the low-cost air travel concept. No have anyone willing to take risk, but Tony Fernandes even went as far as to mortgage his house and use up most of his personal savings to  acquire the airlines with two ageing Boeing 737-300 jets and US$11 million worth of debts. Within a year, Air Asia had achieved breakeven point and cleared all its debts.Whatever we may choose to say, but Tony Fernandes took the risk positively which is an essential skill for entrepreneurs to succeed. 

3.    OBSERVANT
Focusing and noticing everything that happens. The observer become more self-aware by being able to know theirself and be aware of how they are, how  they act, how they come off. They should have a sense of the kind of energy you give off. 

Tan Sri Syed Mokhtar Al Bukhary


Tan Sri Syed Mokhtar Al-Bukhary is someone who does know the meaning of failure and he always learn from any mistakes that he made. Plus,he is also someone who is very cautious and particular in every single thing that he made. He is very concerned about the situation of the poor and the needy. 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. His mother’s advice to treat part of the money he received as belonging to the poor and the needy remains at the core of his heart.
True enough, when he was merely 23 years old, he gave away half of his monthly income of RM1,500 to the needy, donating it to 15 poor families in his village. He has never stopped giving. In 1996,Syed Mokhtar set up Al-Bukhary Foundation to assist the needy,with him as the sole donator. The foundation finances English, Science and Mathematics classes for more than 20,000 underachieving students every year, as well as running a college scholarship program for 300 students in more than 40 countries.Between 1996 and 2006, the Al-Bukhary Foundation has contributed about 1 billion for various charity causes.

4.    VISIONARY
Showing a lot of imagination with clear ideas or hopes on how  something should be done or how things will be in the future. The visioner seems to see the future, build an accurate conceptual model of the future based on their understanding that bring the model into reality and creating the future.

Tan Sri Dato’ Loh Boon Siew


      Tan Sri Dato’ Loh Boon Siew is a successfull entrepreneur  who has a high consideration for his company to bring Honda motorcycles in Malaysia. This can be seen from the construction of the first motorcycle factory in Malaysia, which is Assembly Plant Boon Siew Boon Siew Sdn Bhd owned in Mak Mandin Industrial Estate, Pulau Pinang. When the plant was built in 1969,Honda motorcycle is no longer installed in Japan but it was installed in Malaysia to save the cost of installation and sales. Besides, Boon Siew Sdn Bhd has also introduced several new models of Honda motorcycles began in 1971, which Honda model S90Z. On this day, there are various types of Honda motorcycles in the market.
He believed that this low-cost, high-efficiency machine would find a similarly receptive market in the rapidly urbanising areas of Malaysia. Boon Siew arranged to meet with Mr. Soichiro Honda, the bike’s creator, and quickly convinced him to set up a Honda subsidiary in Malaysia. This visionary trait that encourages Tan Sri Loh Boon Siew to continue to succeed in the field of motoring.Not all entrepreneurs have the ability to look ahead like Tan Sri Dato’ Loh Boon Siew.A positive attitude is the main weapon in his efforts to continue to move forward in the motor industry in Malaysia. 

5.    FAILURE IS AN OPTION
People who don't fear failure or motivation to someone that failure not being an option is irrelevant.A person who are not fear in failure will aroused their character  to be a bravery by having a higher of level confident inside. Thus, he/she is able to make a right decision in order to achieve goals of company and be able to face the failure that come across on decision that is he/she making. 

Datuk Wan Muhammad Sani Salleh



      It is undeniable that failure is a very bitter pill to swallow. While it is difficult for us to pass through, but if we see the failure of the positive side, it certainly will be a point of failure of the transformer to our lives. Such was passed by Datuk Wan Muhammad Sani Salleh in order to conduct its business.The reputation of Sani Express company has been affected when a double-decker bus crashed at kilometer 272.8 of its North-South Highway, in Ipoh before hitting the road divider which claimed the lives of 10 passengers. This led to a two-tier express bus licenses were canceled and airlines Sani Express was given one month to improve the management system driver. The driver or the administration should give priority to safety because accidents can be prevent if employers and employees focused on the security issues.

            However, the management of the company do not overreact and give up quickly with the fall of their reputation as a leading service company in the country, even Datuk Wan Muhammad Sani Salleh looking for new initiatives to improve their company's name back to take five steps immediately and have an impact in the long term. This failure can be a lesson for him to keep trying to become more successful in the future.

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