The age of entrepreneurship : how the education in Malaysia affects youth entrepreneurial characteristics
The development of entrepreneurship, as both concept and activity, has been growing in importance in Malaysia. It has been said that the essence of entrepreneurship is in the creation and growth of new firms, whether out of necessity or opportunity. According to the latest statistics provided by...
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| Format: | Thesis |
| Published: |
2006
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| Subjects: | |
| Online Access: | http://library.oum.edu.my/repository/125/1/The_age_of_entrepreneurship_irepo.pdf http://library.oum.edu.my/repository/125/ |
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| Summary: | The development of entrepreneurship, as both concept and activity, has
been growing in importance in Malaysia. It has been said that the essence of
entrepreneurship is in the creation and growth of new firms, whether out of
necessity or opportunity. According to the latest statistics provided by the
Registrar of Companies, there are 585,471 legally registered companies in
Malaysia. As there were only approximately 366,000 companies that were
registered in 1995, this represents a huge rise in the figure. The importance placed
upon entrepreneurship as one of the new engines of growth for Malaysia's
economy can be seen through the sheer amount and variety of supporting
mechanisms and policies that exist for entrepreneurs. This includes a variety of
funding schemes, physical infrastructure such as business and entrepreneur parks,
as well as business incubators and advisory services. The question remains as to
what strategies Malaysia should use to strengthen further its entrepreneurial base
and competitive edge in the knowledge based era? (Author's abstract) |
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