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THE CATALYSTS OF ENTREPRENEURSHIP IN MALAYSIA

THE CATALYSTS OF ENTREPRENEURSHIP IN MALAYSIA. Besides knowledge and technical know-how, the availability and management of financial resources is another critical factor in In building and maintaining a business.

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THE CATALYSTS OF ENTREPRENEURSHIP IN MALAYSIA

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  1. THE CATALYSTS OF ENTREPRENEURSHIP IN MALAYSIA

  2. Besides knowledge and technical know-how, the availability and management of financial resources is another critical factor in In building and maintaining a business. • Malaysia recognizes this shift and is focused on strengthening its SMEs, fostering a vibrant entrepreneurship culture and creating a new generation of competitive entrepreneurs through a myriad of supporting policies that include funding, physical infrastructure and advisory services.

  3. WHO exactly are they and what they provide as CATALYSTS????

  4. Types of Catalysts 1. Funding Organisation 2.Support/ Advisory Services 3.Historical Background 4.Act and Regulations 5. Cultural and demographic factors

  5. 1. Funding Organisations 1.1 Banking system Traditional source of funds for entrepreneur. Eg: Bank Negara • ensure that SMEs have adequate access to financing • introduction of micro-financing arrangements through commercial banks, credit co-operatives and development financial institutions such as Bank Simpanan Nasional, Bank Pertanian Malaysia and Bank Kerjasama Rakyat. • set up advisory services such as Bank Negara Malaysia Laman Informasi Nasihat dan Khidmat (BNM LINK) and its call centre (BNM TELELlNK) to provide assistance on loan application processes and giving advice on solving problems and information on sources of financing

  6. 1.2 Government financial supports

  7. 1.3 Venture Capital • provides a viable alternative to traditional lending as it provides seed capital for early start-ups and acts as a business angel for high-risk growth sectors

  8. 2.Support/ Advisory Services 2.1 Ministry of Agriculture • Agropreneur Development Programme involved human development, technical advisory services, training and financial aids • e.g. technical advisory services – DOA, MARDI, RISDA, FAMA 2.2 Ministry of Entrepreneur Development (1995) • information and resource centre provides training

  9. 2.3 Ninth Malaysia Plan (9MP) • places more emphasis on training and preparing budding entrepreneurs. 2.4 Center for Instructor and Advanced Skills Training • Increases 19.4 percent in the female enrolment between 1995 and 2000. • Facilitate the involvement of women in business through the provision of easy access to capital. 2.5 Exchange of Securities Dealing and Automated Quotation (MESDAQ) • provides an avenue for high-growth and technology companies to gain access to public funds, as well as venture capitalization with an early exit route.

  10. 3.Historical Background 3.1 Economic globalization and Liberalization • Need to strengthen national competitiveness • Need to foster greater capacity for technology and innovation 3.2 Trade Center • As a center of trade and commerce in the fifteenth century when the kingdoms of Malacca and Temasek (Singapore) were at their height 3.3 Segregation of economic activities by British • To simplify the administrative operation and operation of our commodities • HOW THE BRITISH DO THIS ???? • The occurring of bureaucracy resulted in multi-layered, segregated economically and racially with Malays at the bottom rung. • To remedy the economic inequalities, the Malays were granted for ‘special rights’.

  11. 4. Act and Regulations 4.1 Employment Act 1955 • Amended in 1998 by providing for flexible working hours and empowered the Minister of Human Resources to make rules on statutory benefits to be paid to part-time workers proportionate to those accorded to full-time employees. • Permit women, especially housewives, to be gainfully employed in part-time employment, while allowing them the flexibility to meet their family obligations. 4.2 Federal Constitution of Malaysia • Provides that all persons are “equal before the law and entitled to the equal protection of the law.

  12. 5. Cultural and demographic factors 5.1 The Malaysian Entrepreneurship Development Centre (MEDEC) • set up for purpose of planning and implementing entrepreneurship development programs such as training, education, research and consultancy.  5.2 Association of Bumiputra Women Entrepreneur Network of Malaysia (WENA) • championing women’s rights in business and professions • facilitate the continuous successful development of current and budding/emerging entrepreneurs in Malaysia. 5.3 Bumiputera Commercial and Industrial Community (BCIC) • Improving attitudes toward entrepreneurship especially among the Bumiputeras. • Training, education and financial assistance plans

  13. 5.4 Government • Encourage privatization through a combination of build-operate-transfer 5.5 Small and medium-scale industries (SMI) • Helped to create the conditions and opportunities for entrepreneurship to flourish.

  14. References • Strengthening Entrepreneurship In Malaysia by Mohamed Ariff and Syarisa Yanti Abubakar. • Building Entreprenuership In Malaysia • The Making Of Malaysia’s Agropreneurs

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