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ENTREPRENEURSHIP By First Admiral Adjunct Prof Dato Ir Hj Ahmad - PowerPoint PPT Presentation

ENTREPRENEURSHIP By First Admiral Adjunct Prof Dato Ir Hj Ahmad Murad B Hj Omar (Rtd) BE (Mech) MSc EBM (Warwick) FIEM FIMarEST MSNAME (US) PEng CEng CMarEng ASEAN Eng 17 17 th th No Nov 2015 Entrepreneurship UTM Nov 2015 1 First Admiral


  1. ENTREPRENEURSHIP By First Admiral Adjunct Prof Dato’ Ir Hj Ahmad Murad B Hj Omar (Rtd) BE (Mech) MSc EBM (Warwick) FIEM FIMarEST MSNAME (US) PEng CEng CMarEng ASEAN Eng 17 17 th th No Nov 2015 Entrepreneurship UTM Nov 2015 1

  2. First Admiral Dato ’ Ir Ahmad Murad B Omar (Rtd) Position : Executive Chairman Omahams Corp Sdn bhd/Leadership Office : Kuala Lumpur Nationality : Malaysian Coach Education Working experience Key projects 1999 - 2000 1982 - BE (Mechanical) UTM Projects managed through-out career: 2003 - MSc Business Engineering Management Joined the Royal Malaysian Navy 1974 . - 1984 KD MARIKH Offshore Patrol Vessel Warwick UK Served : - 1990 (KD JEBAT) design machinery space - 1982 Fleet Maintenance Engineer. in Bae Shipyard Scotland. Key Strengths - 1984 to 1990 Project Engineer KD - 1994 Refit KD LEKIR MARIKH - 2001 Fast troop Vessel Conversion • - 1990 UK exchange engineer at Bae Development of Engineering Management - 2002 KD Sri INDERAPURA Refurbishment Shipyard Scotland Skills (Hard & Soft Skills) - 2004 KLD TUNAS SAMUDERA - 1991 to 1994 Marine Engineer of KD • Project Management (Marine Projects) - 2007 Remanufacturing Mercedes Benz LEKIR (Corvette) • Extensive knowledge in ship repair & Trucks for Malaysian Army - 1995 to 1999 Fleet Operations shipbuilding. - 2008 Restructuring of Motor Teknologi Command as Staff Marine • Strong relationship with international Industri Sdn Bhd as a Remanufacturing Engineering Officer professional body – Institute of Marine hub for MTU engines. - 2000 Director Engineering Ministry of Engineering Science & Technology - 2009 Six Sigma project for Boustead Defence (IMarEST) UK (Position held: Vice Naval Shipyard - 2001 to 2004 Director General President). - 2010 Committee for development of Engineering Ministry of Defence • Professional Engineer registered with National Oceanography Blueprint with - 2004 2007 Fleet Systems Commander Board of Engineers Malaysia (BEM). MOSTI. (First Admiral) - 2011 Committee for national Maritime - 2007 – Retired Shipbuilding & Ship Repair Industry with Languages Joined MTI Sdn Bhd as CEO 2007 to 2009 MiGHT Joined Genaixis Sdn Bhd as Chairman - 2013 Process Improvement & Production • Bahasa Malaysia 2009 to 2010 Capacity Integration Project for Boustead 2010 – current OMAHAMS Corp Sdn Bhd • English Naval Shipyard. Entrepreneurship UTM Nov 2015 2

  3. Syed Mokhtar • Tan Sri Syed Mokhtar Shah bin Syed Nor Al-Bukhary merupakan seorang ahli perniagaan dan usahawan Melayu yang terkaya di Malaysia. • Beliau mempunyai harta bernilai RM2.93 billion pada 2005 seterusnya menjadi orang ketujuh terkaya di Malaysia pada 2005. • Dilahirkan di Alor Setar pada 1951. • Mula sebagai usahawan 1970. Entrepreneurship UTM Nov 2015 3

  4. Tony Fernandez • Dato' Anthony Francis Fernandes is a Malaysian entrepreneur and the founder of Tune Air Sdn. Bhd., who introduced the first budget no-frills airline, AirAsia, to Malaysians with the tagline "Now everyone can fly". • Born 1964 in Kuala Lumpur. Followed mother to TUPPERWARE parties when young. • Turned Air Asia around • Worth 530 million Entrepreneurship UTM Nov 2015 4

  5. Jack Welch • Jack Francis Welch Jr, a chemical engineer, CEO of General Electric for two decades. • Known for his leadership and uncaring and rigid character. • Born Nov 1935 in Peabody Massachussets USA. • Retired. Worth 750 Million USD (aprox 3.4 billion Ringgit Malaysia) Entrepreneurship UTM Nov 2015 5

  6. Entrepreneur • More than just a business. • A person who identifies – opportunities and pursue it relentlessly, – allocate resources and – create value Entrepreneurship UTM Nov 2015 6

  7. Entrepreneur • is someone who organizes, manages, and assumes the risks of a business or enterprise. An entrepreneur is an agent of change. Entrepreneurship UTM Nov 2015 7

  8. “ Entrepreneurship ” • is process of discovering new ways of combining resources. • is the process of starting a business, typically a start- up company offering an innovative product, process or service. Entrepreneurship UTM Nov 2015 8

  9. IT IS ABOUT SEARCHING THE MARKET PLACE AND CONSOLIDATING RESOURCES. planning risk organizing assuming opportunities Entrepreneurship UTM Nov 2015 9

  10. HABITUAL ENTREPRENEURS’ HAVE 5 CHARACTERISTICS IN MIND  They passionately look at new opportunities  They pursue opportunities with enormous discipline.  They pursue only the very best opportunities exhausting themselves and their organization by chasing every single option .  They focus on execution especially adaptive execution.  They engage the energies of everyone in the domain. Entrepreneurship UTM Nov 2015 10

  11. Case Study – John Macekey Story 1978 USA- land of meat and fast food John never had business training neither did his girlfriend (Renee) Both 25 and 21 respectively Collected 45k from close friends and relatives to start a natural food store Named it “Safeway” First year sales was 300k but actually loss 23k. After 2 years John wanted to relocate but shareholders were against it. Moved from selling vegetarian food to meat and poultry. First natural food store – “Whole Food Markets” open in 1980. Food was from natural growers and farmers. Quality high and sales went up. Entrepreneurship UTM Nov 2015 11

  12. 1978 USA- land of meat and fast food John never had business training neither did his girlfriend (Renee) Both 25 and 21 respectively Collected 45k from close friends and relatives to start a natural food store Named it “Safeway” First year sales was 300k but actually loss 23k. After 2 years John wanted to relocate but shareholders were against it. Moved from selling vegetarian food to meat and poultry. First natural food store – “Whole Food Markets” open in 1980. Food was from natural growers and farmers. Quality high and sales went up. Entrepreneurship UTM Nov 2015 12

  13. CASE STUDY 1 - summary • John employed 19 workers. • Disaster struck. 400k wiped-out. • Within 30 days help from friends, banks and loyal customers. Came backand later 38 stores mushroom in USA. • Since then 16 major acquisitions • 1992 there were 12 stores and 92M$ sales. Invested in NASDAQ stock exchange. • Acquisitions of companies that had same ethics as Whole Food Markets • Today Whole Food Markets has 270 stores in North America, 54,000 staff the world‟s largest retailer in organic foods. Entrepreneurship UTM Nov 2015 13

  14. BUILDING A BUSINESS • Competitive edge • Challenging Times • Time is of the essence • Elements contributing successful business Entrepreneurship UTM Nov 2015 14

  15. ELEMENTS CONTRIBUTING TO SUCCESSFUL BUSINESS • Become a leader • Develop a business plan • Surround yourself amongst people • Offer a product and service • Design a marketing plan • Perfect a sales process • Create a customer experience Entrepreneurship UTM Nov 2015 15

  16. FOUR FACTORS OF LEADERSHIP Leader Situation Follower Communication Entrepreneurship UTM Nov 2015 16

  17. LEADERSHIP GRID (BLAKE & MOUTON MANAGERIAL GRID) 1,9 9,9 C o CountryClub TeamLeader n 9 c e 8 r 7 n 6 of Middle of the Road 5 4 p 3 e Impoverished Authoritarian 2 o 1,1 9,1 p 1 l e 1 2 3 4 5 6 7 8 9 Concern of Results Entrepreneurship UTM Nov 2015 17

  18. LEADERSHIP STYLES Autocratic leadership. Being in control commands the staff to do and how to do it. Overdoing results in staff losing creativity and respect. Used sparingly and at the right instance will bring good to the organization. Laissez faire leadership. Lay back kind of style and allows the staff to make decisions and run how they think best. Continue along this track may result in total loss of control and direction. Effective when managing experts to facilitate creative thinking. Shared leadership. It ’ s a partnership where the leadership of individual is shared between the leader and the staff member. Aimed at delivering optimum performance in a motivated and cooperative environment . Simon Cooper “ Brilliant Leader ” Entrepreneurship UTM Nov 2015 18

  19. 3 PRINCIPLES OF LEADERSHIP Passion Purpose Performance Leadership Entrepreneurship UTM Nov 2015 19

  20. DRUCKER’S 3 LEADERSHIP GUIDELINES EXPECT VOLUNTEER SOME MAKE FAILURE BUT MISTAKES & KEEP AT IT LEARN NEVER STOP LEARNING Entrepreneurship UTM Nov 2015 20

  21. LEADERS ARE BORN? Competency Based Leadership Model Hands-off leadership style Key decision point Level 4 Fully competence Level 3 Broadly competence Level 2 Par al competence Hands-on leadership style Level 1 No competence Entrepreneurship UTM Nov 2015 21

  22. No one is a born leader • Everybody starts equal • Mary Kay Ash – built a billion dollar Kay Cosmetics Corporation with only USD5000. • Took the first step when she was a child unknowing what leadership is about. • She had to manage the household at three when her father was sick and her mother had to care for her father. • Leadership started young, believe in faith, family and career. Entrepreneurship UTM Nov 2015 22

  23. LEADERSHIP - Traits  S elf-esteem  Values and standard setting  Clear vision and mission  Make sound timely decisions  Motivation Entrepreneurship UTM Nov 2015 23

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