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8/18/2019 Globalizatinzx

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Name: Mohammad Al-DroubiHussein Al-Debs

To: Mr. Mohammad Ismail

Subject: “Global Entrepreneurship”


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THEORIES & CONCEPT

OF ENTREPRENEURSHIP


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THEORIES & CONCEPTS OFENTREPRENERSHIP

Session Objectives

At the end of the session, studentsshould be able to:

• understand the various theories and

concets on entrereneurshi• have a deeer understandin! of the

disciline of entrereneurshi


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THE E!O"TION OF

ENTREPRENERSHIP THEOR#

Definition of an "ntrereneur :

• # An entrereneur is a erson $hounderta%es to do a job & 'ichard(antillon )*+. he term entrereneuris a /rench $ord first coined b0 'ichard

(antillon.• In Mala0sia the term #usaha$an& is

used for entrereneur.


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THE E!O"TION OF


Definition of "ntrereneurshi:

• "ntrereneurshi involves not onl0 therocess that leads to the settin! u of abusiness entit0 but also the e1ansionand develoment of an on !oin!

concern.he stud0 of entrereneurshiis concerned $ith the entrereneurialbehavior, the d0namics of business setu and e1ansion and develoment.


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THE E!O"TION OF


• Adam Smith )*++2 - An entrereneur is

a erson $ho acts as a!ent intransformin! demand into sul0.

• 3ean 4abtiste Sa0 )*567 - An

entrereneur is a erson $ho shiftsresources from an area of lo$

roductivit0 to hi!h roductivit0.


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THE E!O"TION OFENTREPRENERSHIP THEOR#

• 3ohn Stuart Mill )*585 - An entrereneur is a

rime mover in the rivate enterrise.he

entrereneur is the fourth factor of roduction

after land ,labor and caital.

• (arl Men!er )*5+* - he entrereneur acts

as an economic a!ent $ho transformsresources into roducts and services.he

entrereneur transforms and !ives added

value.


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• 3oseh Alo0sius Schumeter )*978 - An

entrereneur is an innovator. he econom0moves throu!h leas and bounds and the

rime mover is the entrereneur throu!h the

rocess of creative destruction.

• Alfred Marshall )*972 - he rocess ofentrereneurshi or business develoment is

incremental or evolutionar0 . It evolves from

sole rorietorshi to a ublic coman0.


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• Ibnu haldun )Abdul 'ahman Mohamed

haldun - he entrereneur is seen as a%no$led!eable individual and is instrumental

in the develoment of a cit0-state $here

enterrise $ill emer!e.

• David Mc(lelland - he entrereneur is aerson $ith a hi!h need for achievement.

his need for achievement is directl0 related

to the rocess of entrereneurshi.


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$EFINITION OF ENTREPRENERSHIP

It is more than mere creation of business

"ntrereneurshi is a rocess of innovationand ne$ venture creation throu!h four majordimensions ; individual, or!ani


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$EFINITION OF ENTREPRENERS

• /unctional definition of entrereneursoffers the follo$in! definition:

• "ntrereneurs are individuals $ho activel0

form or lead their o$n business andnurture them for !ro$th and roserit0.


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THE I%PORTNCE OF ENTREPRENERSHIP TO

%"#SIN ECONO%#

*. "ntrerenuershi is the s0mbol of business

steadfastness and achievement. "ntrereneurialrevolution is critical to economic !ro$th.

"ntrereneurshi ma0 affect our future in man0

$a0s:

a. Innovative creation of oortunit0

"1amle: =ortable hones lin%ed to fa1es and

lato $ill turns cars, train, and airort terminal

into offices.


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THE I%PORTNCE OF ENTREPRENERSHIP TO%"#SIN ECONO%#

d. "ntrereneurshi not onl0 affect our livesthrou!h innovation but reresent the $or%in!

future for man0 of us due to la0s off b0 lar!eor!ani


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f. he entrereneurial SMIs rovide services that the lar!e

cororation has ne!lected or lac% of econom0 of scale

for the lar!e cororation to serve.

!. (ontribution of SMIs to Mala0sian "conom0 -

In Mala0sia the SMIs emlo0ed 96> of the total labor

force in manufacturin! sector and contributed to about

?2> of total value added in the sector.

THE I%PORTNCE OF ENTREPRENERSHIP TO %"#SIN

ECONO%#


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IS"%IC ENTREPRENERSHIPIS@AMI( "'"='""B'SHI= /O(BS O

"ICH ='I(I=@"S O/ HOBCHS :-*. "ntrereneurshi is an inte!ral arts of Islamic reli!ion.

?. 40 virtue of human nature , the Moslem entrereneurs are %halifahE andhave the reonsibilities develo roserit0 and sees business as art of

ibadah or !ood deed.

7. Motivation ; success in Islam is not merel0 measured b0 the end result but

also the $a0 and means of achievin! them.

8. Ibadah ; business activit0 is art of ibadah or #!ood deed&


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. =osition of "ntrereneurshi and business in Islam ; Islam

encoura!ed its ummah to venture into business . =rohet Muhammad

S.A.F e1ounded that 9 out *6 source of ri


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+. Cuidin! =rinciles of Islamic "ntrereneurshi is b0 the al-uran and

al-Hadith

5. "ntrereneurial "thics based on e1emlar0 conducts of =rohet

Muhammad S.A.F

IS"%IC ENTREPRENERSHIP


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IS"%IC ENTREPRENERSHIP S SINTEGR" PRT OF THE RE"IGION

Islam is a comlete $a0 of life. here is nosearation bet$een business and reli!ion.

Islam has its o$n entrereneurshi culture

and !uidin! rinciles based on the Al-uranand Hadith to !uide business oeration .


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H%N NTRE

(The )itrah o) human bein*+

40 virtue of the human nature, the erson mustfirstl0 be a Muslim, then an entrereneur. He

has the resonsibilit0 to erform ‘ibadah’ and be

a ‘khalifah’ . Muslim entrereneur should search

for CodEs blessin!s above all other factors. AMuslim entrereneur erform business not

solel0 for rofit, but above all, to fulfill the

‘fardhu kifayah’ .


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%OTI!TION

• Most entrereneurs have the desire to

achieve successful business venture.• he successful ath and means for

achievin! success for Muslim

entrereneurs are uniGue.

• Success in Islam is not merel0measured b0 the end result, but also

the means and $a0s of achievin! them.


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SCCESS FOR%" ,# "-.RT,I

• Halal ; livelihood that are in accordance to $hat isbein! outlined b0 Allah SF and s0ariah.

• anaah ; be leased and than%ful $ith oneEs earnin!• aufiG - As%in! for the blessin! of Allah in

roortion to oneEs e1ectation• SaEadah- Siritual hainess• 3annah ; Forldl0 success should act as the brid!e to the

ultimate success in the life hereafter )aradise.


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@evel of no$led!e

@evel of Taubat or repentence @evel of emtation @evel of Obstacles @evel of Motivation

@evel of Handica @evel of =raise and han%fulness

SE!EN STEPS TO/R$S SCCESS IN "IFECCOR$ING TO I%% "-GH0"I


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POSSESSION OF /E"TH IS ""O/E$ ,SE$

ON THE FO""O/ING PRINCIP"ES:-

• Allah s.$.t is the absolute o$ner of$ealth• Allah created $ealth in

abundance and sufficient for all

• Fealth is created for man%ind• Fealth is entrusted to man%ind


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I,$H

In Islam, involvin! in businessis art of ibadah throu!h the

fulfilment of fardhu kifayah.


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POSITION OF ,SINESS N$ ENTREPRENERIS"%IC ENTREPRENERSHIP %O$E"

Islam Propose1

(,usiness !enture+

llah Prepare1

(Fa2ilities+

Islam Outline1(Rules an1 Re*ulation)

llah Promise1

(Re3ar1+

E

4

%

P

"E

E4

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P

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E


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IS"%IC ECONO%IC S#STE%

Islamic "ntrereneurshi should

be in the frame$or% of Islamic

"conomic S0stem and shouldassist in establishin! the Islamic

"conomic S0stem


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GI$ING PRINCIP"ES OF IS"%IC

ENTREPRENERSHIP

Cuidelines for Islamic"ntrereneurshi and business

activities are $ide and

comrehensive based on Al-

uran and Al-Hadith.


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%S"I% ENTREPRENERSHIP ETHICS o revent la


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THE ETHIC" ,EH!IOR OF %S"I%

ENTREPRENERSHIP

o avoid malicious behavior o avoid sGuanderin!

o avoid stin!iness o a0 alms (zakat) rust$orth0

o ra0 consistentl0 Tawakkal =atience Qana’ah


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E4E%P"R# CON$CTS OF GOO$ %S"I%ENTREPRENERS $RING THE PROPHET

%H%%$ S''/ REIGN

4usiness is secondar0 $hen bein! calledfor other form of crusade Avoid usin! influence for self interest

Afraid of accumulated $ealth @eadershi Gualities in all asects =ractice moderate $a0 of life


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EN$ OF %O$"E 5

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