Identifying critical success factor of Indian entrepreneur / Siti Farah Edwin

The Malaysian economy recorded a stronger growth of 4.3% (QI 2013: 4.1%) during the second quarter of 2013. Growth was driven by strong domestic economic activities amid a weakening external sector. On the supply side, growth in the services sector remained firm at 4.8% (Ql 2013: 5.9%), driven large...

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Main Author:	Edwin, Siti Farah
Format:	Thesis
Language:	English
Published:	2014
Subjects:	Entrepreneurship Risk and uncertainty Success in business
Online Access:	https://ir.uitm.edu.my/id/eprint/98930/1/98930.pdf
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id	my-uitm-ir.98930
record_format	uketd_dc
spelling	my-uitm-ir.989302024-09-11T04:44:14Z Identifying critical success factor of Indian entrepreneur / Siti Farah Edwin 2014 Edwin, Siti Farah Entrepreneurship. Risk and uncertainty Success in business The Malaysian economy recorded a stronger growth of 4.3% (QI 2013: 4.1%) during the second quarter of 2013. Growth was driven by strong domestic economic activities amid a weakening external sector. On the supply side, growth in the services sector remained firm at 4.8% (Ql 2013: 5.9%), driven largely by the wholesale and retail trade, business services, and communication subsectors (Ministry of Finance Malaysia. 2013 }. An interesting feature of Malaysian economic history that has to be understood in order to appreciate the current context of entrepreneurship in Malaysia is the historical practice of segregating economic activity along racial lines, a practice that was introduced by the British under their colonial rule of Malaya (pre-1957). Entrepreneurship is the terminal stage of the entrepreneurial process wherein after setting up a venture one looks for diversification and growth. An entrepreneur is always in search of new challenges. That is why the entrepreneurs with a track record of success are much more likely to succeed than first-time entrepreneurs and those who have previously failed. In particular, they exhibit persistence in selecting the right industry and time to start new ventures. Entrepreneurs with demonstrated market timing skill are also more likely to outperform industry peers in their subsequent ventures. This is consistent with the view that if suppliers and customers perceive the entrepreneur to have market timing skill, and is therefore more likely to succeed, they will be more willing to commit resources to the firm. In this way, success breeds success and strengthens performance persistence and don't give up. Don't expect it to be a smooth ride, expect it to be irritating. But once the entrepreneurs are there, they'll enjoy it and they'll make a lot of money as well. By contrast, first-time entrepreneurs have only an 18% chance of succeeding and entrepreneurs who previously failed have a 20% chance of succeeding (Gompers. P., & et al, 2008). 2014 Thesis https://ir.uitm.edu.my/id/eprint/98930/ https://ir.uitm.edu.my/id/eprint/98930/1/98930.pdf text en public degree Universiti Teknologi MARA, Sarawak Faculty of Business and Management
institution	Universiti Teknologi MARA
collection	UiTM Institutional Repository
language	English
topic	Entrepreneurship Risk and uncertainty Success in business
spellingShingle	Entrepreneurship Risk and uncertainty Success in business Edwin, Siti Farah Identifying critical success factor of Indian entrepreneur / Siti Farah Edwin
description	The Malaysian economy recorded a stronger growth of 4.3% (QI 2013: 4.1%) during the second quarter of 2013. Growth was driven by strong domestic economic activities amid a weakening external sector. On the supply side, growth in the services sector remained firm at 4.8% (Ql 2013: 5.9%), driven largely by the wholesale and retail trade, business services, and communication subsectors (Ministry of Finance Malaysia. 2013 }. An interesting feature of Malaysian economic history that has to be understood in order to appreciate the current context of entrepreneurship in Malaysia is the historical practice of segregating economic activity along racial lines, a practice that was introduced by the British under their colonial rule of Malaya (pre-1957). Entrepreneurship is the terminal stage of the entrepreneurial process wherein after setting up a venture one looks for diversification and growth. An entrepreneur is always in search of new challenges. That is why the entrepreneurs with a track record of success are much more likely to succeed than first-time entrepreneurs and those who have previously failed. In particular, they exhibit persistence in selecting the right industry and time to start new ventures. Entrepreneurs with demonstrated market timing skill are also more likely to outperform industry peers in their subsequent ventures. This is consistent with the view that if suppliers and customers perceive the entrepreneur to have market timing skill, and is therefore more likely to succeed, they will be more willing to commit resources to the firm. In this way, success breeds success and strengthens performance persistence and don't give up. Don't expect it to be a smooth ride, expect it to be irritating. But once the entrepreneurs are there, they'll enjoy it and they'll make a lot of money as well. By contrast, first-time entrepreneurs have only an 18% chance of succeeding and entrepreneurs who previously failed have a 20% chance of succeeding (Gompers. P., & et al, 2008).
format	Thesis
qualification_level	Bachelor degree
author	Edwin, Siti Farah
author_facet	Edwin, Siti Farah
author_sort	Edwin, Siti Farah
title	Identifying critical success factor of Indian entrepreneur / Siti Farah Edwin
title_short	Identifying critical success factor of Indian entrepreneur / Siti Farah Edwin
title_full	Identifying critical success factor of Indian entrepreneur / Siti Farah Edwin
title_fullStr	Identifying critical success factor of Indian entrepreneur / Siti Farah Edwin
title_full_unstemmed	Identifying critical success factor of Indian entrepreneur / Siti Farah Edwin
title_sort	identifying critical success factor of indian entrepreneur / siti farah edwin
granting_institution	Universiti Teknologi MARA, Sarawak
granting_department	Faculty of Business and Management
publishDate	2014
url	https://ir.uitm.edu.my/id/eprint/98930/1/98930.pdf
_version_	1811768969109962752

Identifying critical success factor of Indian entrepreneur / Siti Farah Edwin

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