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THE BASIC OF
ENTREPRENEURSHIP AND
BUSINESS
Prepared by
En. Hassad bin Hassan
Entrepreneurship
The scientist who cannot understand
the way entrepreneurs think will find it
extremely difficult to employ the
business tools required to
commercialize his or her technology.
Entrepreneurs are not bound by
formulas, rules, linear patterns of
thinking
Kathleen Allen
Learning Objectives
After studying this chapter you should be ready to
describe:
The Basic of Entrepreneurship and Its Risks
Types of Business Organizations
Types Of Entrepreneur According To Business Activity
Identifying, Analyzing, Evaluating and Choosing
Business Opportunity.
ENTREPRENEURIAL
CONCEPT
DEFINITION OF
ENTREPRENEUR
Kirzner (1979)
Kuratko and
Hodgets (1992)
Daft (1997)
Peter Drucker
(1985)
DEFINITION OF
ENTREPRENEURSHIP
Barringer
(2008)
Schumpeter
(1934), and
Dollinger
(1995)
Cole (1969)
Stevenson,
Roberts and
Grousbeck
(1989)
CONTRIBUTION OF
ENTREPRENEUR
ENTREPRENEURIAL
PROFILE
10
11
DREAMS OF
ENTREPRENEURS
12
The Characteristic of an
Entrepreneur
13
Other Characteristic of an
Entrepreneur
o
o
o
o
o
o
o
o
o
o
14
SUCCESSFUL
ENTREPRENEU
R
Tenacity
despite
failure
Execution
intelligent
EUW 224 ENGINEERING
ENTREPRENEURSHIP
15
ENTREPRENEURS
PERSONALITY
Self Confident
Willingness To Take Risk
A & B Personalities
Proactive Personality
Locus of Control
Machiavellianism
16
Myths
Myths
Myths
Myths
1:
2:
3:
4:
17
Uncertainty of Income
Risk of Losing Entire Investment
Long Hours and Hard Work
High Stress Level
Difficulty in Obtaining Customers
Complete Responsibility
Difficulty in Obtaining Loans
Discouragement
EUW 224 ENGINEERING
ENTREPRENEURSHIP
18
Entrepreneur VS Businessman
(ADDED KNOWLEDGE)
Profit
Risk
Opportunity
Entrepreneur
Businessman
Focus on short
term profit
Create
and
invent
new
business trend
Follow business
trend
Low level
19
Question 2
[Soalan 2]
i. Why do you want to be an entrepreneur? Give FOUR (4) reasons and
please elaborate your answers.
[Kenapa kamu ingin menjadi seorang usahawan? Berikan EMPAT(4) sebab
dan huraikan jawapan anda]
10
Marks[Markah]
EUW 224 ENGINEERING
ENTREPRENEURSHIP
20
Q&A
21