PROBLEM DEFINE Kajang Municipality intends to redevelop the stadium into an Innovative Research Park.

The park is intended to take advantage of a number of universities and research centres in Kajang area to turn the municipality into centre for innovative, high value added industries. However the administration is in no position to fund the proposed project. You are required to propose a viable solution to ensure the success of the project. Explain the responsibility of all parties involved in the project, the benefit of your proposal and the problem that might occur in the future. CONCEPT OF PRIVATIZATION Concept of privatization has been introduced in our country as one of national policy by Government since 1983. It represents a new approach in national development policy to developed increase role of private sector in the development of Malaysia economy. This approach is to facilitate the economic growth of the nation, relieve the financial and administration burden of the Government, beside reduce the Governments presence in the economy where decrease both the level and scope of public spending. More than that the privatization is to allow a market forces govern economic activities that will improve efficiency and productivity in our country. From 1983 until 31st December 2003, there are total 474 privatized projects had been achieve by our country in national development. Privatization is helped in another way where can solve the problem that involve government-owned assets, facility operations, services, debt structure and other facilities like infrastructure. Therefore this report will discuss on how the municipality can turn into centre of innovative and research technology where in beginning it was a stadium.

RESPONSIBILITIES OF MOSTI (Ministry of Science, Technology and Innovation) Develop technology for knowledge generation, wealth creation and society well-being towards to achieve advanced economy that is competitive MOSTI act as one of the planner the innovative and research technology park not only as one money-making venture MOSTI will make sure the objective and mission of research park is achieved after it built and in operation Always monitor whether the operation of research park is very well functions and give benefits to the citizens Always monitor whether the operation of research centre is act as an institute of education Strengthening the ability and capacity of MOSTI support services

RESPONSIBILITIES OF RESEARCH PARK CENTRE Provide a robust suite of innovation and applied research services for inventors, innovators and researchers Always keep maintain the operation of research park very well Keep the objectives to develop knowledge and expertise Hire a good researcher that can produce good technology for better future generation The centre is dedicated to develop technology in high quality to serve the needs of industry

BENEFITS OF PRIVATIZATION Help inventors take their dreams from drawing board to real world Act as meeting place for innovators to connect with scientist, researchers, inventors and mentors from worldwide Innovators can take a lesson how to develop a new product then create idea for marketing Students from universities are advanced by helping with research and development

PROBLEMS THAT MIGHT OCCUR DUE TO PRIVATIZATION Higher budget to construct the research centre with each types of rooms Less promotion that citizen not realize the existence of the centre Cost in marketing the technologies Need to buy technology from outside for research purpose