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Tutorial 1 Presentation Transcript

  • 1. FLOW OF TUTORIAL
    • TOPIC 1: Introduction to entrepreneurship
    • TOPIC 2: Identifying entrepreneurial characteristics
    • TOPIC 3: Developing entrepreneurial creativity and innovation
  • 2. TOPIC 1 Introduction to Entrepreneurship
    • Peter F. Drucker stated entrepreneurship is not:-
      • Magic
      • Mysterious
      • But It is a DISCIPLINE and it can be LEARNED.
  • 3. MIND MAP
    • The Evolution of Entrepreneurship
    • Concepts of Entrepreneurship
    • The importance of Entrepreneurship
    • The myth of Entrepreneurship
    • Entrepreneurship development in Malaysia
  • 4. Question?
    • What is your understanding of entrepreneurship?
  • 5. 1.2 The concepts of entrepreneurship
    • 1.2.1 Entrepreneurship (Basic aspects)
      • Involves creation process
      • Requires the devotion of time and effort
      • Assumption of necessary risks
      • Involves reward
  • 6. 1.2 The concepts of entrepreneurship (cont)
    • 1.2.2 Who are Entrepreneurs?
      • Pioneers of today’s business success
      • An innovator or developer who recognizes and sizes opportunities.
  • 7. 1.3 Importance of Entrepreneurship
    • Catalyst for economic change and growth
    • Help to improve lives
    • Anymore?
  • 8. 1.4 The myths of entrepreneurship
    • Myth 1: Entrepreneurs are doers, not thinkers
    • Myth 2: Entrepreneurs are born, not made
    • Myth 3: Entrepreneurs are always inventors
    • Myth 4: Entrepreneurs are academic and social misfits
    • Myth 5: Entrepreneurs must fit the “Profile”
    • Myth 6: All entrepreneurs need is money
    • Myth 7: All entrepreneurs need is luck
  • 9. 1.4 The myths of entrepreneurship (cont)
    • Myth 8: Ignorance is bliss for entrepreneurs
    • Myth 9: Entrepreneurs seek success but experience high failure rates
    • Myth 10: Entrepreneurs are extreme risk taker (gamblers)
  • 10. 1.5 Entrepreneurship development
    • What do you think?
    • Your thoughts on “DIVIDE & RULE SYSTEM”
  • 11. TOPIC 2 Identifying entrepreneurial characteristics
    • INTRODUCTION
      • Entrepreneurs are individuals who recognize opportunities where others see chaos or confusion
  • 12. MIND MAP
    • Characteristic of successful entrepreneurs
    • Entrepreneurs self assessment
    • The differences between businessmen, managers and entrepreneurs
  • 13. 2.1 Characteristics of successful entrepreneurs
    • Initiative and responsibility
    • High degree of commitment
    • Opportunity orientation
    • Moderate risk taker
    • Confident and optimistic
    • Creative and innovative
    • Seeking feedback
    • Drive to achieve
    • Ability to set vision
    • Skilled at organizing
    • Internal locus of control
    • Tolerance to failure
    • High level of energy
    • Team Building
    • Independent
    • Flexibility
  • 14. 2.2 Entrepreneur self-assessment
    • Visit the website http://bizmove.com/other/quiz.htm
  • 15. 2.3 The differences between businessmen, managers and entrepreneurs
    • Difference between a businessman and an entrepreneur
      • Please refer to your module for discussion at page 15
    • Difference between a Conventional Manager and an entrepreneur
      • Please refer to your module for discussion at page 16
  • 16. TOPIC 3 Developing entrepreneurial creativity and innovation
    • In today’s business landscape, entrepreneurs are required to think of ways to produce new products, services or processes for new purposes to the customers.
  • 17. MIND MAP
    • What is creativity
    • Process of creativity
    • Barriers to creativity
    • How to generate creative ideas
    • Characteristics of creative individual
    • What is innovation
    • Types of innovation
    • Sources of innovation
    • Barriers to innovation
    • The importance of creativity and innovation for entrepreneurs
    • Strategies to encourage creativity and innovation
  • 18. 3.1 What is creativity?
    • “…involves the development of UNIQUE and NOVEL responses to problems and opportunities (Online Ticketing, E-Banking)
  • 19. 3.2 The process of creativity
    • Phase 1: Knowledge accumulation
    • Phase 2: Incubation
    • Phase 3: Ideas
    • Phase 4: Evaluation and Implementation
  • 20. 3.3 Barriers to creativity
    • Personal Beliefs
    • Fear of Criticism
    • Over-Management
    • Stress
  • 21. Activity in class (30 minutes)
    • Form a group of 5
      • Task: Please find ways of how to overcome barriers to creativity.
  • 22. 3.4 How to generate creative ideas
    • Brainstorming
    • Forced analogy
    • Do it
    • Mind Mapping
    • Nominal Group
  • 23. 3.5 Characteristics of creative individuals
    • Humble and proud at the same time
    • Very passionate but can be objective
    • Brave to try new things
    • Open minded and willing to accept criticism
    • Playfulness and discipline, or responsibility and irresponsibility
    • High-self control
    • Goal-directed, deliberate and considerate in decision making
    • Willing to take calculated risk
  • 24. 3.6 What is innovation?
    • “… finding ways to deliver new or better goods or services.” (Kinicki and Williams, 2003)
  • 25. 3.7 Types of innovation
    • Invention
    • Extension
    • Duplication
    • Synthesis
  • 26. 3.8 Sources of innovation
    • Unexpected events
    • New-knowledge concept
    • Changes of demographics
    • Process needs
  • 27. 3.9 Barriers to innovation
    • Organization does not encourage innovation
    • Insufficient sources
    • Traditional management behavior
  • 28. 3.9 Barriers to innovation (cont)
    • Also can be derived from individual behavior
      • Fear of trying
      • Fear of making mistakes
      • Improper motivation
      • Fear of change
      • Fear of failure
      • Self-image block
  • 29. 3.10 Importance of creativity and innovation for entrepreneurs
    • To ensure an organizational survival
    • To explore new markets
    • To exploit natural resources
  • 30. 3.11 Strategies to encourage creativity and innovation
    • Recognize your own ability
    • Change your perception
    • Change the organizational culture
    • Dare to fail