minggu 2 - pengenalan usahawan

8/8/2019 MINGGU 2 - PENGENALAN USAHAWAN

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Entrepreneurs,

Entrepreneurship and

the Entrepreneurial


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Entrepreneurs areindividuals who actively

form or lead their ownbusinesses and nurture

them for growth and

prosperity.


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Entrepreneurs are peoplewho create businesses/new

ventures where none

existed before. They bring

resources to bear on a

business opportunity andmake it happen.


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ENTREPRENEURS BEHAVIOR

(1) initiative taking

(2) the organizing and

reorganizing ofsocial/economic mechanismsto turn resources and

situations to practical account(3) the acceptance of risk orfailure.


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Entrepreneurs are found inall professionseducation,

medicine, research, law,architecture, engineering,social work, and

distribution.


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Entrepreneurship Historical

Development

Early Viewpoint (1700S-1950S)

Richard Cantillon (1755) a Frencheconomist asserted that anentrepreneur invests, transform

and makes profit and loss.


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Adam Smith (1776) - widened thescope to include the task of forming

the organization for commercial

purpose and extra qualities. He alsodescribed the dynamism of the

personality such as the ability to

foresee potential through changes

economy and to act on the demandthereby created.


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Jean Babtiste (1803) The entrepreneur was said toinfluenced by society to recognize

needs and to fulfill them throughskillful management of resources.

John Stuart Mill (1848)

The entrepreneurs to be accounted

as the fourth factors of production(after land, labour and capital).


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Joseph Scumpeter (1934)

Entrepreneurship is a creative

destruction force that sees thedestruction of usual ways of

doing things by the introduction

of new improved ways.


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H.G Evan (1957)

The entrepreneurs shoulder the

task of the determining the typeof business and are the decision-maker vis--vis types ofproducts and services, size of

business and market to betargeted.


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Early 1980S

David McClellend (1985)

Personal Entrepreneurial

Competency (PEC), this set ofcompetencies is critical to the

business formation function and

explains why the test is adoptedin some entrepreneurship

development programmes.


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CREATIVITY

THE ABILITY TO DEVELOP

NEW IDEAS AND TO

DISCOVER NEW WAYS OFLOOKING AT PROBLEMS

AND OPPORTUNITIES;

THINKING NEW THINGS.


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INNOVATION

THE ABILITY TO APPLY

CREATIVE SOLUTIONS TO

PROBLEMS OROPPORTUNITIES TO ENHANCE

OR TO ENRICH PEOPLES

LIVES; DOING NEW THINGS.


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Characteristics of

Entrepreneursj y Desire for responsibility

j y Preference for moderate risk

j y Confidence in their ability to succeed

j y Desire for immediate feedback

j y High level of energy

j y Future orientation

j y Skilled at organizing

j Value achievement over money


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Types Of Risk Might An

Entrepreneur Face1. Financial risk

2. Family and social risk

3. Career risk

4. Psychological risk

minggu 2 - pengenalan usahawan

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