Documente Academic
Documente Profesional
Documente Cultură
By CHENG Ming Yu and Cheryl CHAN Multimedia University, Malaysia mycheng@mmu.edu.my; mychengmy@yahoo.com
ABSTRACT
The emergence of new business models as a result of the growth of the knowledge-based economy have brought to the rise of the entrepreneurship atmosphere among the younger generation, particularly the university graduates. For many years ago, it was strongly believed that entrepreneurs need no formal education. A successful entrepreneur is someone who works hard and has accumulated substantial experiences in relevant activity. The traditional entrepreneur usually starts from small business and small capital, involves in traditional business with low value-added and it takes him to struggle for many years to build up his career. Today, as evidenced by successful entrepreneurs at United States, especially from those in the Silicon Valley involving in high tech, high growth and high value-added activities, a new bleed of entrepreneurs with strong academic background, particularly those who know how to take advantage of Internet and other information communication technologies (ICTs) is required. Therefore, the growing concern is how should the education institutions, particularly the tertiary education institutions, impart essential entrepreneurial knowledge in the syllabus to equip future entrepreneurs with the necessary skills the so called entrepreneurship education. This paper looks at the entrepreneurship education in Malaysia as the Malaysian government has taken great effort to transform the economy into the knowledge-based economy. In this regard, entrepreneur has been identified as one of the key elements to the development of the knowledge economy. Thus, this paper attempts to study the development of entrepreneurship education in Malaysia and to investigate the effectiveness of the entrepreneur education in Malaysia. To achieve the objectives of the study, primary data are collected. In order to examine the development of entrepreneurship education in Malaysia, interviews with students are conducted to collect students feedback on the effectiveness of the entrepreneurship teaching, to reveal their knowledge about entrepreneurship, their willingness to start up their own business, and factors influencing their decision to be entrepreneurs.
INTRODUCTION
Since the time of Plato, education is important for two basic purposes, i.e. to produce new knowledge and to transfer knowledge. However, in the new economy, which is also a knowledge-based economy, education institutions, particularly higher education institutions, are entrusted with a new additional task, which is to contribute to the development of entrepreneurial talent among young graduates. Nowadays, entrepreneurship education has been actively implemented in many countries, including Malaysia. Many universities and higher education institutions in Malaysia have recently introduced courses related to entrepreneurship or majors in entrepreneurship. For instance, in Multimedia University (MMU), a programme in Bachelor of Multimedia (Media Innovation & Entrepreneurship) has been introduced and entrepreneurship is a core course for the programme. In addition, the subject Introduction to Cyberpreneurship, has been made a compulsory subject for all students in Multimedia University, regardless of their majors. The purpose of introducing the cyberpreneurship subject are twofold, which are: 1) to develop students interest to become entrepreneurs, even if they are not students from business or management faculties; 2) to enhance students knowledge and understanding on the role of entrepreneurship in the new business world, especially the cyber world. In fact, besides MMU, entrepreneurship is offered in almost all universities in Malaysia. In Univerisiti Putra Malaysia (UPM), it is one of the subjects offered for Bachelor of Business Administration programme, in University of Malaya (UM), entrepreneurship is offered by the Department of Business Strategy and Policy, and in Universiti Kebangsaan Malaysia (UKM), Information Technology and Entrepreneurship is a compulsory subject in Bachelor of Science in Information Technology programme. At the MBA level, entrepreneurship is a core subject in most of the higher education institutions in Malaysia. The burgeoning of the entrepreneurship education since mid-1990s could be a result of the growing of the newly emerging knowledge-based economy. The new economy is experiencing a fundamental transformation. Rapid changes, globally inter-linked, death of distance, life long learning, constantly innovating, creativity, flexibility and responsiveness, small enterprises and co-opetition, are some of the prevailing characteristics of the current economy. The dynamism of the new economy creates enormous business opportunities that necessitate people to engage in innovative enterprising activity to grasp the opportunities at the right time and using the right way. Following the global transformation, Malaysia has made its effort to transform the economy from a production-based economy to the knowledge-based economy. In September 2002, the Institute of Strategic and International Studies (ISIS), Malaysia, released the Knowledgebased Economy Master Plan, which has identified seven critical areas and 136 recommendations to lead the economy in propelling toward the knowledge-based economy. Entrepreneurship is one of the key elements discussed in the Master Plan. It has been said that without entrepreneurs, there is no knowledge economy (V. Sivapalan, 2001). Realising the importance of entrepreneurs in the development of the knowledge-based economy in Malaysia, efforts have been taken to nurture entrepreneurship in all ways. Conferences, seminars, short courses and training on entrepreneurship are common activities organised by various organisations, along with the formal entrepreneurship education offered by higher education institutions. The related issues are: despite all the efforts taken, how many
graduates are exposed to the entrepreneurship education? What does entrepreneurship education aim to achieve? How to teach entrepreneurship? What types of skill are needed to become a successful entrepreneur? How effective is the entrepreneurship education implemented in the nation? To attempt an answer to the above mentioned questions, this study has collected feedback from 90 randomly selected undergraduate and MBA students from public and private universities and colleges. Questionnaire consisted of three sections is designed to elicit students comment on the effectiveness of the entrepreneurship teaching, to reveal their knowledge about entrepreneurship, their willingness to start up their own business, and factors influencing their decision to be entrepreneurs. The information collected would serve as essential inputs for universities in Malaysia and in other countries to design a more effective teaching of entrepreneurship.
Based on a study done by Kolvereid and Moen (1997), it is shown that as compared to other students, those who have taken a major in entrepreneurship have revealed greater interest to become entrepreneurs and these students act more entrepreneurially than other students in taking up the challenge to start up a new business. Thus, it is suggested that although it may not be possible to develop entrepreneurship from education exclusively, to certain extent, education does have an effect to alter and contribute to the formation of entrepreneurship. In another study done earlier by Webb, et. al. (1982), it is shown that students who participated in entrepreneurship programme were more likely to start their own business than other students. Upton, et. al (1995) found that 40 percent of those who attended courses in entrepreneurship have started their own businesses. According to Ibrahim and Soufani (2002), school and education system play a critical role in identifying and shaping entrepreneurial traits. Other studies have pointed out that entrepreneurship education, especially education that provides technological training, is crucial to enhance entrepreneurs innovation skills in an increasingly challenging environment (Clarke, 1990; Menzies and Paradi, 1999). Previous studies have indicated that despite the fact that many believed that entrepreneurship is born, there are ways to train entrepreneurship. Thus, entrepreneurship education is essential in todays society. However, there is no one definition available to explain what entrepreneurship education is. Entrepreneurship education has always been defined narrowly as education that provides the needed skills to setting up new businesses. However, Hytti and OGorman (2004) begged to be different as they argued that there are many ways to offer entrepreneurship education, depending on the objectives of such education. If the objective of the education is to increase the understanding of what entrepreneurship is about, the most effective way to operationalise the objective is to provide information through public channels such as media, seminars, or lectures. These methods are effective in terms of sending the relevant information to a broader population in a relative short time period. If the objective is to equip individuals with entrepreneurial skills which are applicable directly to work, the best way is to provide education and training that enable individuals to involve directly in the entrepreneurial process, such as industrial training. Lastly, if the objective of the education is to prepare individuals to act as entrepreneurs, the most effective technique is to facilitate experiments by trying entrepreneurship out in a controlled environment, for instance through business simulation or role playing. According to Kirby (2002), entrepreneurship education is different than traditional management studies as the traditional management education may impede the development of the necessary entrepreneurial quality and skills. Entrepreneurship education needs a different teaching pedagogy, hence, there are studies trying to relate entrepreneurship education to work related learning (Dwerryhouse, 2001); experiential learning (Kolb, 1984); action-learning (Smith, 2001), and entrepreneurial training (Gibb, 1999). Entrepreneurship education is more than business management, it is about learning, i.e. learning to integrate experience, skills and knowledge, to get prepare to start with a new venture. Hence, for the purpose of this study, entrepreneurship education refers to the formalised programme to equip students with the needed skills and knowledge to: recognising business opportunities searching customers insights understanding the needs of the market
creating an idea developing the business plan running the business evaluating environmental, institutional and political issues
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Methods
Case study Writing business plan Role playing Business simulation Video Interaction w ith entrepreneurs 0
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potential is the main factor that will drive them to start their own business while 11.1% wanted to have more freedom and 18.9% said only when they saw a market opportunity, then they will consider starting their own business. Figure 2 illustrates the main reasons for respondents to involve in setting up own business.
Motives of Setting Up Own Business
80 70 60 50
43.3 66.7 55.6 80 73.3 68.9 66.7
40 30 20 10 0
20
34.4
Gain Freedom
Family tradition
Public reputation
Economic independence
Frustrated as employee
Satisfaction
Gain power
Motives
CONCLUSION
The study provides critical preliminary information on entrepreneurship education in Malaysia, in terms of the level of understanding and effectiveness of entrepreneurship education in Malaysia to nurture the necessary entrepreneurship spirit among younger generation in order to achieve the nations interest in developing a successful knowledge-based economy. The findings indicated that the level of understanding on what is entrepreneurship is still low among the respondents selected in this study. There is a need to identify the objectives of entrepreneurship education to determine the most effective teaching method. The study also showed that there is a low level interest among students to become entrepreneurs immediately after graduation. Rather, respondents chose to work for few years before venturing into own business.
REFERENCES
Clarke, T. E. (1990) Review of the Status and Availability in Canadian Colleges and Universities of Courses or Programs Dealing with the Commercialization and Adoption of Science and Technology, report for Industry, Science and Technology Canada, Ottawa Dwerryhouse, R. (2001) Real Work in the 16 19 Curriculum: AVCE Business and Young Enterprise, Education and Training, Vol 43 (3): pp. 153-61 Gibb, A. (1999) Can We Build Effective Entrepreneurship through Management Development, Journal of General Management, Vol 24 (4): pp. 1-21 Hamilton, R. T. and Harper, D. A. (1994) The Entrepreneur in Theory and Practice, Journal of Economic Studies, Vol 21 (6): pp. 3-18. Hytti, U. and OGorman, C. (2004) What is Enterprise Education? An Analysis of the Objectives and Methods of Enterprise Education Programmes in Four European Countries, Education and Training, Vol 46 (1): pp. 11-23 Ibrahim, A. B. and Soufani, K (2002) Entrepreneurship Education and Training in Canada: A Critical Assessment Education and Training, Vol 44 (8/9): pp. 421-30 Institute of Strategic and International Studies (ISIS) Malaysia. 2002. Knowledge-Based Economy Master Plan. Kuala Lumpur. Kirby, D. (2002) Entrepreneurship Education: Can Business Schools Meet the Challenge? Paper presented at the RENT Conference, Barcelona Kolb, D. A. (1984) Experiential Learning: Experience as the Source of Learning and Development. Prentice-Hall, Englewood Cliffs, NJ.
Kolvereid, L. and Moen, . (1997) Entrepreneurship among Business Graduates: Does a Major in Entrepreneurship Make a Difference? Journal of European Industrial Training, Vol 21 (4): pp. 154-60 Menzies, T. and Paradi, J. (1999) Entrepreneurship Education and Engineering Students: Satisfaction Career Paths and Propensity to Venture Journal of Small Business Management Smith, P. (2001) Action Learning and Reflective Practice in Project Environments that are related to Leadership Development, Management Learning, Vol 32 (1): pp. 31-48 Thompson, J. L. (1999) The World of the Entrepreneur A New Perspective, Journal of Workplace Learning: Employee Counselling Today, Vol 11 (6): pp.209-24. Upton, N. Sexton, D. and Moore, C. (1995) Have We Made a Difference? An Examination of Career Activity of Entrepreneurship Major, Since 1984, Frontiers of Entrepreneurship Research. V. Sivapalan (2001) New Economy: Move to K-Economy, New Straits Times, 26 April, 2001 Webb, T. Quince, T. and Wathers, D. (1982) Small Business Research, the Development of Entrepreneurs, Gower, Aldershot.