OUTCOME ORIENTED

Irfan Khairi

Cole (1969) defines entrepreneurship as activities that bring benefits through the development of outcome-oriented business. Outcome oriented is the actions of mind focuses on result and impact. An entrepreneur will start a business to get maximum profit. In fact, an entrepreneur will strive to achieve a continuous manner to further develop businesses and will market their business abroad. In addition, entrepreneurs will strive to produce the new products.

In the business, an entrepreneur with outcome oriented analysis, labour productivity based on the number of tasks that had been set up within the prescribed and the quality of products or services provided by him. Employees are free to use a private process in order to achieve the targets set by the organisation. The main goal of outcome oriented individual or organisation is to meet the objectives and realise positive growth. The successful entrepreneurs are always looking forward regarding the opportunities might present themselves in the future and how to take advantage towards opportunities.

Moreover, the entrepreneurs are always looking for ways to do something with a lower cost and the period shorter time than usual. Plus, they are always concerned about the estimated costs and benefits of a renewal, amendment or an action and use the information business or management methods to improve the efficiency of self and businesses.

One of Malaysian’s young entrepreneurs who has this trait is Irfan Khairi. He received a title as The Young Millionaire at 28 years old. He was born in Perak but raised in Singapore and now resident in Seremban. He received a Bachelor of Multimedia Design from Staffordshire University, United Kingdom. After graduating, Irfan was offered work at one company The Birmingham IT, Netmedia (UK) Ltd. As the investors of multimedia systems and internet consultant, he was responsible for designing learning system currently, more than 5,000 schools in the United Kingdom use Learning Grid System.

Drawing upon the interests and deep knowledge towards the internet and business. He starts playing in this business as part-time work in the year 1999. He decided to quit from his job after concerned about the income increased by two fold and want to devote full attention of the business. Then, he began working full-time from home by using a laptop and internet. Only after three years of operation, one of the business’s net profit is RM 1 million without employees and advanced computer equipment. Now, Irfan is working full-time at home by using the internet as a source of income.

As the inspiration that has been shown, he was awarded Young Innovation Award 2006 from Oxford Association of Management, United Kingdom. It is awarded for his efforts in educating and inspiring as the new generation of Malaysia in the field of internet and success.

In a nutshell, Irfan Khairi shows that an entrepreneur is a person with outcome-oriented since he willing to quit from his job after gain a higher profit. 

OPEN CULTURE

Vivy Yusof

Open culture can be described as a person who willingly to accept other cultures. In the international business, an entrepreneur will faces a lot of challenges including culture challenges. By identifying and understanding other cultures of a society or country, an entrepreneur can expand the business to the international market. An entrepreneur should be aware towards any changes in the culture and able to make changes.

This characteristic is very important to overcome the misunderstanding of different custom or culture in the foreign country. An entrepreneur through the knowledge of foreign cultures, he can understand the similarities and differences of ethical values adopted by a society where this will help an organisation to develop and expand the business during the period.

An entrepreneur who has this trait is Vivy Yusof. She is an entrepreneur, celebrity and social icon on Instagram. Her followers in Instagram almost reach a half million. Vivy Yusof is actually the founder of e-commerce website FashionValet.com. Holds a Bachelor of Laws from the United Kingdom, Vivy Sofinas Yusof who is bloody cross female Chinese and Malay has stolen the fashion lover’s attention through FashionValet.

FashionValet is one of the e-commerce website that runs the leading online fashion business in Malaysia. FashionValet starting with only RM100, 000 and was successfully launched in November 2010 with only 10 local brands. Up to now this platform has more than 300 brands from all over Southeast Asia. A few years ago, Vivy has establish a blog called proudduck.com while he studied at the London School of Economics in the field of law at the age of 25 years. She likes to write to share their views and experiences studying abroad. Not long after that she has many loyal followers and readers abreast of blogs, especially young women who love the writing, style and appearance.

While in the UK, she found that the UK population really appreciate local designer. In addition, most of the population in the UK are shopping online as compared to Malaysia. Therefore, the process of shopping online is not new in the country at that time. Due to a deep interest in the field of fashion and do not want to miss it, she always take care of her appearance and always look feminine and fashionable.

After graduation, she returned to Malaysia and help his father in the real estate business. She longed to shop online because of busy with tasks in the office that caused it not have time to shop. Inspiration from the open culture of the UK population, she is aware that the development of information technology is growing rapidly opened up many opportunities.

Therefore, she decided to launch a shopping centre online named FashionValet.com in 2009 after extensive consultations with the approval of his father. She established FashionValet.com as a place for local fashion design. She started the business with her colleagues in the UK, Asma' Nasaruddin and Fadzarudin Anuar, who is now her husband. However, they are not expert in the fashion because their education stray far from the fashion world. They emulate their online businesses from UK namely ASOS. ASOS is the UK’s largest independent online fashion and beauty retailer which is offers over 60,000 branded and own label products across womenswear and menswear. Dresses, jeans, t-shirt, shirts, shoes, jewellery and others are under one roof.

In order to distinguish them from the other websites, Vivy plans to establish only the local brands. Until this day her own readers and fans who went looking to keep up Vivy mainly on her social media accounts such as blog and Instagram, where she uploaded the photos of her fashion and the latest information about her life, including the launch of the news FashionValet. Vivy has stated that she was overwhelmed with the support from her fans and said that she never imagined that little blog that could grow into a business until today.

The efforts from Vivy, Fadzarudin and her friend Asma Nasarudin cause FashionValet now has more than 30 employees and a stock of more than 300 brands from all over Southeast Asia. No wonder when Vivy Yusof also selected as a candidate for Bella Business Award through channel NTV7 and between 60 Women of Inspiration Nona TV3. Last month, she launched her products named, “duckscarves” at Singapore and Brunei.

Conclusion, Vivy Yusof shows that the importance of culture open to entrepreneurs. It should serve as a lesson, especially to young people who are interested in doing business online in the future.

Tan Sri Syed Mokhtar Al Bukhary is a Successful Entrepreneur

Biography

Tan Sri Syed Mokhtar Al Bukhary in completed this task because of he is the successful and richest Bumiputra corporate figure in Malaysia. He is not only richest in term of wealth but an entrepreneur who love and care about the community’s welfare.

Name:

Syed Mokhtar Al-Bukhary

Place of Birth:

Alor Setar, Kedah (1952)

Occupation:

Founder of Albukhary Foundation

Spouse:

Puan Sri Sharifah Zarah Al-Bukhary

Children:

Ilyas Muzaffar, Ilya Myasara, Iliya Melissa and Iffah Maryam

Education Level:

SPM

Set up Business:

Selling meat in small scale on 1970

Net wealth:

RM1,425 million

Business areas:

ü  Transportation and logistics

ü  Plantations

ü  Property development

ü  Defense and armory

ü  Engineering

ü  Power generation

Recognition: 

1) Panglima Setia Mahkota (P.S.M.) by Yang di-Pertuan Agong 

2) “Tokoh Ma'al Hijrah” by The Yang Di Pertuan Agong of Malaysia

VISIONARY

                                          Dato’ Aliff Shukri

Entrepreneurs who have the vision known as 'visionary'. These entrepreneurs have a vision and direction to achieve the objectives and goals outlined. Entrepreneurs who have the vision to know about all actions consistent with the objectives of vision 2020 drafted by the government. Entrepreneurs have a vision to plan not only for the short term, but also for a long time to achieve the goals and vision of the organization. Entrepreneurs who have the vision to make the best decision and consider the challenges, threats and opportunities that will be encountered.

Dato' Aliff Shukri Kamarzaman born on April 3, 1987 at Felda Kechau, Kuala Lipis, Pahang. He has moved and attended the Sekolah Kebangsaan Sg.Besar, Selangor then continued his studies at Sekolah Menengah Telok Gadong, Klang. After that he studied at the Sekolah Pondok Pasir Tumbuh Kelantan. After graduating in Sekolah Pondok Pasir Tumbuh Kelantan, he studied in Sekolah Integrasi as-Syakirin, Shah Alam until level 5 and continuing education to Taylor Collage.

Dato’ Aliff  Shukri can be seen as who had a vision. This can be demonstrated through the establishment D'herbs Healthy Marketing in September 2010 in which only operates on a lot of shops and have 4 main products foundation, slimming products, beverages and Lipstick Women's Health Care. He took a step forward by producing nearly 90 new product lines. It explains that Dato’ Aliff  Shukri an entrepreneur with a vision. He was able to develop his business trip to the goals to be achieved within the prescribed time. In addition, he wisely take appropriate action to ensure proper vision and he was able to be successfully achieved.

NETWORKED

Dato’ Seri Vida

Networked is one of the entrepreneurial traits that needed by the entrepreneurs. Building a network helps entrepreneurs get their product to market and get the right people in place (Heiman, Connecting Your Way to New Business, 2015). In business perspective, network can be defined as all relationships formed or exist and are maintained by an entrepreneur with humans around them for mutual benefit (Mahmood, 2010). There are three types of network, which are personal network, public network and business network. The entrepreneur’s personal network is informal network which only involved the direct relationship likes friends and family. Meanwhile, public network refer to public resources, for example internet and radio, where the entrepreneurs can use this resources to improve their knowledge and get more information. The business network also calls as formal network where the entrepreneurs build the relationship with outside parties’ likes government, bank, professional bodies and many others.

One of the entrepreneurs who use the features of this network is the founder of Vida Beauty, Dato Seri Dr. Hasmiza Othman and also known as Dato  Seri Dr.Vida. This entrepreneur was born in Kelantan and has made her name as one of the successful entrepreneurs in Malaysia. She is a graduate of Bachelor of Business majoring in Education at Universiti Sains Malaysia, Penang. Vida Beauty is a manufacturer of health and beauty products.

Dato Seri Vida also use a public network that is using newspapers, television and the Internet as her primary medium to create a public network. She promotes her product through this medium and now her product are well known among Malaysian and international level.