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7/23/2019 Note Pb201 Entrepreneurship Chapter7
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CHAPTER 7
ENTREPRENEURIAL SOURCES &
SUPPORT SYSTEM
By: Engr. Muhammad Muizz Bin Mohd Nawawi
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Source Of CapitalCapital refers to any form wealth employed to producemore wealth for a firm.
•Personal Funds/personal savings
•Family and friends
•Retirement account, pension fund, EPF
•Banks and other financial institutions – Long termfinancing, Medium term financing, Short term financing
•Government loan – SME Corp, MTDC, PNB, MIDA, SME
Bank, MARA•Stock market
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BUSINESS SUPPORT SYSTEMS
• facilities provided by government agencies and private to helpimplement and develop the enterprise
• There are seven forms of entrepreneurship support facilitiesthat will be discussed in this module is :
1. Financial
2. Management Training and Entrepreneurship
3. Technology
4. Location and business space
5. Marketing
6. Research and Project Identify
7. Information
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1. Financial
• provided by financial institutions, commercial banks,merchant banks and government agencies concerned.
• aims to provide loans to entrepreneurs to implement a business
• construction of the factory site, the purchase of officeequipment, purchase of machinery and also for use as working capital.
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Financial facilities provided by banks and
agencies in Malaysia
Agency Financial facility
Majlis Amanah Rakyat (MARA) Provides assistance in the form ofloans and equipment to SMEentrepreneurs.
Commercial banks Provided loans that are allocated bythe Bank Negara Malaysia to bedistributed to qualified applicants.
Bank Pembangunan danInfrastruktur Malaysia Berhad(BPIMB)
Gives financial credit to industrial businesses.
Malaysian Industrial DevelopmentFinance Berhad (MIDF)
Provides fixed asset financing tomanufacturers in Malaysia.
Bank Pertanian Malaysia (BPM) Gives financial assistance andequipment to agriculture-relatedindustries.
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2. Entrepreneur and Management
Training
• The program aims to train entrepreneurs toobtain skills in the relevant field and knowledgein the area of management.
• The program also provides encouragement and
support to enhance the entrepreneurs.
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Training Management and
Entrepreneurship
Agency Entrepreneur and management training
Majlis Amanah Rakyat (MARA) Provides training and guidance to SMEentrepreneurs so that they are highlyskilled in their area of interest.
Malaysian EntrepreneurshipDevelopment Centre (MEDEC)Plans and implements entrepreneurshipdevelopment programs such as training,education, research and consultancy
National Productivity Corporation(NPC)
Provides training in enhancing quality andproductivity, consultation services andguidance in Total Quality Management(TQM)
State Economic DevelopmentCorporation (SEDC)
Its general aim is to provide and promotecommercial, industrial and socio-economicdevelopment in the states.
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3. Technology Support
• An Entrepreneurs can increase their technical knowledge by
attending educational courses provided by several agencies in
Malaysia.
• Technical assistance is offered to exposes the entrepreneur to
the latest production methods and systematic management.
•Transfer of modern technology is very important in order tocreate a culture of competitiveness in line with our economic
development
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Technical assistance provided by agencies
in Malaysia
Agency Technical assistance
Palm Oil Research Industry Malaysia(PORIM)
Develops quality product using the latesttechnological advancement.
Forest Research Institute of Malaysia(FRIM)
Promotes sustainable management and theoptimal use of forest resources bygenerating knowledge and technologythrough research, development andapplication.
Malaysian Institute of MicroelectronicSystem (MIMOS)
Promotes innovation in informationtechnology. Strives to be premier appliedresearch centre in frontier technologies.
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4. Infrastructure support
( Location and premise)• There are agencies that provided suitable
business location which are appropriate with the
business whereby the location or premise isequipped with all types of facilities includingutilies.
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Infrastructure assistance provided by agencies in
Malaysia
Agency Infrastructure assistance
Urban Development Authority (UDA) Provides and carries out projects aturban settlements in terms ofdevelopment, housing, commercialand industrial issues.
Majlis Amanah Rakyat (MARA) Provides business sites to carry out business activities.
State Economic Development
Corporation ( SEDC)
Develops basic utilities and areas like
pathway and recreational facilities
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5.Marketing
• The Agency will provide support services to entrepreneurs in thedistribution, promotion and marketing of goods and services produced by
entrepreneurs in the country and overseas.
Agency Marketing Assistance
Federal Agricultural Marketing Authority (FAMA)
Markets agricultural products locallyand abroad
Malaysian External tradeDevelopment Corporation(MATRADE)
Exposes the entrepreneur toavailable business opportunities
Ministry of international Trade andIndustry (MITI)
In charge of affairs related to foreigntrade, high technology,environmental protection anindustrial location, energy and otherareas.
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6.Information
• Help information available to entrepreneurs in business
opportunities, statistics, new discoveries, technology,
research and so on.
• Most of the department or agency has a resource center
or library that contains the collection of information for
public use.
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Informational assistance provided by agencies in
Malaysia
Agency Informational assistance
Forest Research Institute of Malaysia
(FRIM)
Provides research and development, transfer of
technology and testing services for the forest
and timber industry
Malaysian Industrial Development
Authority (MIDA)
Provides information on business opportunities
such as investment, trade, financing, productivity pertaining to manufacturing and
service sectors and facilities companies who are
looking for joint venture partners and promotes
and coordinates the industrial development in
Malaysia.
Malaysian External Trade Development
Corporation (MATRADE)
To organize training programmed to improve the
international marketing skills of Malaysian
exporters
Standard and Industrial Research
Institute of Malaysia (SIRIM)
Ensures the quality of local products, penetrates
the market potentiality and provides information
on new discoveries in production.
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7.Research and Project Recognition
• The research and analysis that will be performed include
project possibilities, marketing research and research on
technology.
• Studies conducted by government agencies help theentrepreneur to increase efficiency, technological achievement,
production as well as produce better quality products.
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Research assistance provided by agencies in Malaysia
Agency Research assistanceMalaysia Agricultural Research and
Development Institute (MARDI)
Carries out research on the output of
agricultural products, improves the quality
of agricultural products and produces new
seeds for farmer.
Research Rubber Institute Malaysia(RRIM) Carries out research on the quality ofrubber and produces new rubber based
products.
Malaysian Palm Oil Board (MPOB) Carries out research on product produced
from the output of palm oil, spreads over
the market of palm oil and improves the
quality of palm oil.
Standard and Industrial Research Institute
of Malaysia (SIRIM Berhad)
Focus on discovering and developing new
technologies to enable industries to move
up the value chain.
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