INTRODUCTION TO ENTREPRENEURSHIP UNIT 1

UNIT 1 INTRODUCTION TO ENTREPRENEURSHIP

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INTRODUCTION HISTORY OF ENTREPRENEURSHIP THE CONCEPT OF ENTREPRENEURSHIP

DEFINITION OF ENTREPRENEURSHIP THE DIFFERENCE BETWEEN ENTREPRENEURS AND DEALERS ENTREPRENEURSHIP DEVELOPMENT ROLE TO PERSONAL, FAMILY, COMMUNITY, STATE AND RELIGION ENTREPRENEURSHIP AS A CAREER

INTRODUCTION
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Entrepreneur - the person who undertakes an enterprise Known as OPERATORS

Entrepreneurship is a key factor for economic development

Unit 1 - Introduction to Entrepreneurship

Malaysia set up multi-agency to inculcate the values of entrepreneurship: y

Government agencies - Camp. In States.

Entrepreneur Camp. Youth & Sports Camp. In States. Rural

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Statutory Bodies

3) The Private
Unit 1 - Introduction to Entrepreneurship

HISTORY OF ENTREPRENEURSHIP
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Primitive - use barter trade

Government of Malacca era - people who run a business called barter trade Islam encourages people involved in the business - eg, the Prophet Muhammad The effect - a successful Muslim entrepreneurs born - Abdul-Rahman bin 'Auf and Zubair bin Awwam.
Union 1 - Introduction to Entrepreneurship Unit 1 - Introduction to Entrepreneurship

Unit 1 - Introduction to Entrepreneurship

THE CONCEPT OF ENTREPRENEURSHIP Ongoing initiatives Risk Get return Mobilizing Resources THE CONCEPT OF ENTREPRENEURSHIP Ongoing initiatives
* Start or create a new and further develop

the effort * Entrepreneur must have the courage and high ambition, thinking dynamic, have a good idea and vision to move forward
Unit 1 - Introduction to Entrepreneurship

ONGOING INITIATIVES
Take the initiative Creating ideas and innovation To meet the needs and Solve community problems Sensitive to the needs of entrepreneurs and community problems
Unit 1 - Introduction to Entrepreneurship

Risk
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Must be taking a big risk resulting from uncertain demand for the goods produced / business carried on Entrepreneurs are always making decisions that are taken the risk on the expected reward Risk to be managed
Unit 1 - Introduction to Entrepreneurship

Get return

Activities conducted by entrepreneurs must receive a return Return - the profits after taking into account all operating expenses and a reasonable risk Returns to induce a person to become entrepreneurs
Unit 1 - Introduction to Entrepreneurship

Mobilizing Resources
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Resources needed to produce

worth of products to meet the needs

users
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Resources - land, capital, human resources,

raw materials, technology and information

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Mobilization of resources committed

to plan, organize, directing and controlling

Unit 1 - Introduction to Entrepreneurship

SOURCE ENERGISING SOURCE PRODUCT Goods and services GOAL

To satisfy needs of the users U N T U N G

Unit 1 - Introduction to Entrepreneurship CAPITAL HUMAN RESOURCES RAW MATERIALS TECHNOLOGY INFORMATION LAND

DEFINITION OF ENTREPRENEURSHIP
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combine the production of resources such as land, raw materials, human resources, capital, technology and information by entrepreneurs to produce goods and services to meet human needs
Unit 1 - Introduction to Entrepreneurship

Unit 1 - Introduction to Entrepreneurship

SOURCE ENTREPRENEURSHIP LAND CAPITAL SOURCE HUMAN INFORMATION TECHNOLOGY RAW MATERIALS
SOURCE ENTREPRENEURSHIP

LAND

All the wealth that is above the

and in the earth, including the seabed

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Limited supply of resources return for land rental Entrepreneurs need the land as a site

to undertake entrepreneurship
Unit 1 - Introduction to Entrepreneurship

CAPITAL Capital is the financial resources to undertake projects or business Include machinery, buildings, factories and vehicles used in entrepreneurial activity
Unit 1 - Introduction to Entrepreneurship

HUMAN RESOURCES It is needed by entrepreneurs to contribute to the workforce, talent,

creativity and motivation to achieve organizational goals

Unit 1 - Introduction to Entrepreneurship

RAW MATERIALS Material to be processed to produce finished goods or services offered to customers
Unit 1 - Introduction to Entrepreneurship

INFORMATION

Knowledge or knowledge that helps entrepreneurs in the planning, organizing and implementing an effective business activities TECHNOLOGY The method of operation or processing allows entrepreneurs to produce goods and services
Unit 1 - Introduction to Entrepreneurship

THE DIFFERENCE BETWEEN ENTREPRENEURS AND DEALERS ENTREPRENEURS

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Activities to profit, contribute to society & country DEALERS

Increased profits from business activities

Unit 1 - Introduction to Entrepreneurship

THE DIFFERENCE BETWEEN

ENTREPRENEURS AND DEALERS ENTREPRENEURS

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Create a new, create innovative products to meet customer needs DEALERS

Just run the trading activity, there is no renewal and renovation products
Unit 1 - Introduction to Entrepreneurship

ENTREPRENEURS
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Willing to accept the risk to develop businesses DEALERS

Less willing to risk face by the business is not growing

THE DIFFERENCE BETWEEN ENTREPRENEURS AND DEALERS

Unit 1 - Introduction to Entrepreneurship

ENTREPRENEURS
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Forward looking, trying to grab the opportunity, ambitious, determined and confident DEALERS

Easily satisfied with what is

THE DIFFERENCE BETWEEN ENTREPRENEURS AND DEALERS

Unit 1 - Introduction to Entrepreneurship

Unit 1 - Introduction to Entrepreneurship

What is the role ENTREPRENEUR? ROLE OF THE ENTREPRENEUR

PERSONAL DEVELOPMENT FAMILY DEVELOPMENT COMMUNITY DEVELOPMENT

NATION DEVELOPMENT OF RELIGION

PERSONAL DEVELOPMENT ROLE FOR ENTREPRENEURSHIP

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Improve income and living standards as a result of gains

Unit 1 - Introduction to Entrepreneurship

PERSONAL DEVELOPMENT ROLE FOR ENTREPRENEURSHIP

2. Develop

their potential and positive characteristics as a result of the challenge. Positive characteristics such as creativity, hard work, skills, competencies, selfreliant, self confident and do not give up easily
Unit 1 - Introduction to Entrepreneurship

PERSONAL DEVELOPMENT ROLE FOR ENTREPRENEURSHIP

spirituality. Entrepreneurship

3. Developing

inculcate patience, gratitude and generosity.

Unit 1 - Introduction to Entrepreneurship

A. Profit earned through entrepreneurship will increase the income of a family and improve living standards, such as comfort, health and education THE ROLE OF ENTREPRENEURSHIP DEVELOPMENT
Unit 1 - Introduction to Entrepreneurship

Providing jobs and prevent unemployment 3. Improving the social status

THE ROLE OF ENTREPRENEURSHIP DEVELOPMENT

Unit 1 - Introduction to Entrepreneurship

THE ROLE OF COMMUNITY DEVELOPMENT TO ENTREPRENEURSHIP

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Create jobs and improve living standards 2. Create and diversify the range of goods - the result of the increase in technology and new products through creative and innovative entrepreneurs.
Unit 1 - Introduction to Entrepreneurship

THE ROLE OF COMMUNITY DEVELOPMENT TO ENTREPRENEURSHIP

3. Produce civil society to disclose the value of entrepreneurship, such as cleaning help, keeping promises, being thrifty is responsible, hard working and honest.
Unit 1 - Introduction to Entrepreneurship

THE ROLE OF ENTREPRENEURSHIP TO NATION

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Catalyst to national development by

developing the existing resources Two. Increase national income through taxes such as sales tax, export and import duty, excise duty, etc.
Unit 1 - Introduction to Entrepreneurship

THE ROLE OF ENTREPRENEURSHIP TO NATION

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Reduce dependence on foreign countries. This is because the

entrepreneurial development of various industries to reduce dependence on imported goods

Unit 1 - Introduction to Entrepreneurship

THE ROLE OF ENTREPRENEURSHIP TO NATION 4. Production of various types of products generate income for the country in terms of foreign exchange,

for example the tourism industry

Unit 1 - Introduction to Entrepreneurship

THE ROLE OF ENTREPRENEURSHIP DEVELOPMENT TO RELIGIOUS A. Entrepreneurs contribute to the development of religion through its contribution in the form of charity, alms and donations. Contribution will be used for other development to

eradicate poverty and improve social status of a community.

Unit 1 - Introduction to Entrepreneurship

ENTREPRENEURSHIP AS A CAREER What is a career? create a job and get satisfaction.

Unit 1 - Introduction to Entrepreneurship

Entrepreneurship as an alternative to a wage

Eat Salary - Working with others to obtain wages or salaries. Determined by the employer to work activities that include daily tasks, working hours and total income Wage earner is an alternative to venture into entrepreneurship.
Unit 1 - Introduction to Entrepreneurship

Advantages of entrepreneurship as a career 1.Peluang with no limitations

Career in entrepreneurship does not limit the number of individuals to get involved in this field.

Unit 1 - Introduction to Entrepreneurship

Two. Had a business or own organization Entrepreneurs have control over business direction in terms of:
Unit 1 - Introduction to Entrepreneurship Flexibility in working Responsibility for the work Performance targets use of resources benefit

Advantages of entrepreneurship as a career

Three. Source of income or benefits

Financial position is a measure of success. Entrepreneurs can maximize profits by pooling resources owned and provides the impetus to work hard
Unit 1 - Introduction to Entrepreneurship

Advantages of entrepreneurship as a career 4. Improve the status of self and society

Financial position of an entrepreneur, enhancing its reputation and status in society

Five. Bequeath career opportunities

business can be continued by the beneficiary although entrepreneurs have died
Unit 1 - Introduction to Entrepreneurship

Advantages of entrepreneurship as a career SEE MORE IN CHAPTER 2