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Topic 1

  1. 1. TOPIC 1 Introduction to Entrepreneurship <ul><li>Peter F. Drucker stated entrepreneurship is not:- </li></ul><ul><ul><li>Magic </li></ul></ul><ul><ul><li>Mysterious </li></ul></ul><ul><ul><li>But It is a DISCIPLINE and it can be LEARNED. </li></ul></ul>
  2. 2. MIND MAP <ul><li>The Evolution of Entrepreneurship </li></ul><ul><li>Concepts of Entrepreneurship </li></ul><ul><li>The importance of Entrepreneurship </li></ul><ul><li>The myth of Entrepreneurship </li></ul><ul><li>Entrepreneurship development in Malaysia </li></ul>
  3. 3. 1.2 The concepts of entrepreneurship <ul><li>1.2.1 Entrepreneurship (Basic aspects) </li></ul><ul><ul><li>Involves creation process </li></ul></ul><ul><ul><li>Requires the devotion of time and effort </li></ul></ul><ul><ul><li>Assumption of necessary risks </li></ul></ul><ul><ul><li>Involves reward </li></ul></ul>
  4. 4. 1.2 The concepts of entrepreneurship (cont) <ul><li>1.2.2 Who are Entrepreneurs? </li></ul><ul><ul><li>Pioneers of today’s business success </li></ul></ul><ul><ul><li>An innovator or developer who recognizes and sizes opportunities. </li></ul></ul>
  5. 5. 1.3 Importance of Entrepreneurship <ul><li>Catalyst for economic change and growth </li></ul><ul><li>Help to improve lives </li></ul><ul><li>Anymore? </li></ul>
  6. 6. 1.4 The myths of entrepreneurship <ul><li>Myth 1: Entrepreneurs are doers, not thinkers </li></ul><ul><li>Myth 2: Entrepreneurs are born, not made </li></ul><ul><li>Myth 3: Entrepreneurs are always inventors </li></ul><ul><li>Myth 4: Entrepreneurs are academic and social misfits </li></ul><ul><li>Myth 5: Entrepreneurs must fit the “Profile” </li></ul><ul><li>Myth 6: All entrepreneurs need is money </li></ul><ul><li>Myth 7: All entrepreneurs need is luck </li></ul>
  7. 7. 1.4 The myths of entrepreneurship (cont) <ul><li>Myth 8: Ignorance is bliss for entrepreneurs </li></ul><ul><li>Myth 9: Entrepreneurs seek success but experience high failure rates </li></ul><ul><li>Myth 10: Entrepreneurs are extreme risk taker (gamblers) </li></ul>
  8. 8. THE END

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