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1(a) DISCUSS THE
ENTREPRENEURIAL TRAITS
1( b) BIOGRAPHY OF
SUCCESSFUL ENTREPRENEURS
GROUP : AG
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Name!!
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: Ithayamalar A/P Kumar Matric
number
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:226866
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Name!!
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: Teng Phei Ying Matric
number
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:238701
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Name!!
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: Low Chee Wei Matric
number
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:240423
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Name!!
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: Izzul Aiman B. Nor Azni Matric number
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:240824
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Name!!
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: Noor Amira Syahira bt Mohamed Zubair Matric number
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:239143
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Name!!
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: Ong Kit Hang Matric
number
To:
Mr. Mohd Syahrir
bin Rahim
INTRODUCTION TO ENTREPRENEURSHIP
SCHOOL OF BUSINESS
UNIVERSITI UTARA MALAYSIA
Sintok, Kedah
Semester 1, 2015 / 2016
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:240200
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Contents
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Page number
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TASK A
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1-11
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1.0Proactive
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1-2
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1.1Visionary
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2-3
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1.2
Outcome Oriented
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3-4
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1.3 Failure is an Option
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4-6
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1.4 Open risk taker
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6-7
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1.5 Team Oriented
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7-8
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1.6 Observant
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8-9
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1.7 Networked
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9-10
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1.8 Open Culture
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10-11
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Biography
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Biography
of Tan Sri Lim Goh Tong
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12-17
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TASK B
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17
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Reference
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18-20
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Appendix
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21-26
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TABLE
OF CONTENT
Task 1 (a)
1.0
Proactive (Prepared by malar )
According to Bateman and Crant in Za Faran
Hassan (2001), the proactive personality is defined as an individual who does
not get affected by situational forces at the same time, make environmental
change. This behavioral character in proactive entrepreneurs aligned with a
motivational drive which use to observe the market condition and grab
opportunities, keep up their self confidence as well as sustained optimism and enthusiasm
towards changing the surrounding (Za Faran hassan, 2001).
According to Bateman
and Crant in Prabhu, V. P., McGuire. S.J., Drost. E.A.. & Kwong.K.K. (2012)
“Proaction involves creating change, not merely anticipating it. It does not
just involve the important attributes of flexibility and adaptability toward an
uncertain future. To be proactive is to take the initiative in improving
business. At the other extreme, behavior that is not proactive includes sitting
back, letting others make things happen, and passively hoping that externally
imposed change “works out okay”.
According to Za Faran
hassan (2001), proactive entrepreneurs show perseverance, initiatives and tend
to take action especially when they identify an opportunity. They have the capacity
to withstand on planned action in facing potential distractions which caused by
a high degree of focus and motivation This may be the key for why some traders
succeed over time, adapting to ever-changing markets while others do not. If an
individual is not proactive, they fail to grab the opportunities to gain
profits.
. According to
Hillis, K (n.d), proactivity develop habits includes targeting possible
problems before they arise and get ready with some alternatives as a backup.
Other than that, proactive entrepreneurs have the quality to think in a
positive way during a conflict. They will not dwell on a problem but tackle it
right away by saying ‘it is time to look at all my alternatives’.
According to Michael, C.J. (n.d), Proactive is
an important trait that every entrepreneur should have because It help them to
stay ahead in terms of their business regardless of what business they do and
size of business. At the same time, they should prepared with a little money if
in case something messed up. In short, this trait teach the entrepreneurs to
stay ahead and not forgetting any of the small details.
On the other hand,
proactivity indirectly teaches entrepreneurs to be discipline and aware of time
management. Entrepreneurs who are practicing proactive trait will prioritize
their tasks by making a list of what needs to be done and then arrange them
according to their importance. This list then used to do the most important
task to the least important one. By following the list, the entrepreneurs will
focus on a specific task at a time which then help them to do every task
perfectly and no clash between one task with another.
For an example, Tan Sri Dr. Jeffrey Cheah
start to become entrepreneur. After some time he became the founder and leader
of the Sunway Group. From the beginning, the group has managed to overcome
three periods of economic recession successfully. By the year 1987, Sunway
Holdings Berhad registered a loss
which nearly eliminate its shareholders' funds. Tan Sri Dr. Jeffrey Cheah began
to take steps to spread risk and diversify their business undertakings. Sunway
holdings began to engage in property development, manufacturing, hospitality
and entertainment related business. The result of this diversity, he managed to
establish Sunway City Berhad, Sunway
Construction Berhad and Sunway
limited technology.
1.1
Visionary (Prepared by malar )
The key of success of someone is vision.
It is because vision helps one to realise what has to be done in order to get
something. Joe love (2005) point out visionary as a picture in their mind of
exactly the result they intend to produce which then motivate him or her to
strive towards their goals. An entrepreneur with a vision also known as
'visionary'. Certainly, these entrepreneurs have a vision and direction to be
achieved based on the objectives and goals outlined. They make the best
decision and consider the challenges, threats and opportunities that will be
encountered.
Jain, N. (2011) point
out that entrepreneurs who have the vision know about all actions that are
consistent with the objectives formulated by the government in wawasan2020. Entrepreneurs have the
vision not only for the short term, but also for a long time which will be
valid until they achieve the initial goal. They make the best decision and
consider the challenges, threats and opportunities that will be encountered.
According to Wagner, E.T. (2012), visionary
entrepreneurs have own strategic abilities and they able to view things from a
long-term perspective. By having the ability to identify and capitalize on a
demand for a product or service, the “visionary” promises financial success.
Further more,
visionary entrepreneurs always thinks on innovation which is a process of
constantly looking for a better ways of doing business. It results in coming up
with dynamic, better and more cost effective ways in producing ones products
and services to his or her stakeholders and customers. As a management
consultant, Peter Drucker said in Joe love (2005), that creating a customer is
the only reason of doing business that could be done by marketing and
innovation. The rest are just named as expenses of doing business.
A visionary entrepreneur consider his
or her business as a franchise mock up although it is not going to be a
franchise in future. They are able to set a system that can be replicated by
visualizing their business as a franchise prototype. The system not only frees
the entrepreneurs from having work in business but also satisfy the customers
needs and wants.
For an example, Jorge Lemann and his partners
founded the Banco Garantia, an investment banking firm, in the 1970’s. Instead
of remaining satisfied with his successful investment banking firm, he saw
potential in the liquor industry. As a result, he bought out a Brazilian
brewery that is now part of InBev and controlled a majority share of this
extremely profitable Brazilian beer production. He is now the third richest
person in Brazil.
1.2
Outcome oriented ( Prepared by ong )
According to James Lawley, outcome oriented is
a term that used to describe a person or an organization that concentrate more
on solutions and turn out compared to the process of designing and producing a
products or services. Most successful entrepreneurs said that obstacles are a
part of the business in order to improvise their business or an organization to
a bigger proportion. So, we must assume that the obstacles as a motivation or
hint that lead us to our goal achievements. Being an outcome oriented leader in
a business, it is important to help people to solve the obstacles they faced in
the process of building up their business.
Besides, without a
goal people would not have the momentum or courage to make a work success. So,
habit of being an outcome oriented person is important as it will encourage
that person to become a more flexible person. This is because they will be more
concentrate on striking the goal instead of locking or sticking themselves with
a plan although that plan is not work. Hence, as a leader of an organization,
it is important for him or her to create an outcome-oriented culture in the
company or organization in order to make the organization to grow better and
smoothly in the journey of success.
Kathryn Minshew, age
30 (2015), she is a gorgeous lady who succeed in her own entrepreneurship field
and she is the founder and CEO of The Muse in New York now. The Muse is a
development platform with interactive job boards and comprehensive profiles
which now using over 2 million professionals. Kathryn Minshew quit her job and
started to run a woman’s networking site, called Pretty Young Professional
(PYP) with another three co-workers a couple of months before. Then, she
started her company operating system and worked as a CEO with unpaid salary and
editor in chief with her personal savings.
A year later, her
design of the company managed to attract about 9000users and after redesign,
the users have been increased. Unfortunately, they did not clarify about their
ownership. Hence, two of the co-worker took over everything and left nothing
for her and Alex Cavoulacos, another founder as well of the company. She
started to call up the team that she has been recruited about half years ago
and try to explain with them about what is going on that time. She told them
that she believe that all of them will follow her and Alex for creating another
victory. She started to plan everything and build it up all over again from
zero. Two months later, she launched The Muse successfully.
The failure had led her to the best and
amazing achievement in her life. During the toughest time, she did not give up
on the goal achievement she was looking for since beginning but continues to
have faith and figure out all the problems and come up with effective
solutions. In fact, she succeed to build up a company by being an outcome
oriented person from the way she solved all the obstacles in her business
journey. Hence, she become a successful CEO in The Muse.
1.3
Failure is an option ( Prepared
by Low )
Failure is an option defined as failure is
a process that every successful person will go through it in order to succeed.
It same goes with entrepreneurs where they cannot afraid of failure and do not
even willing to give a try on something. It is better for a person to fail at
earlier stage as he/she would learn a valuable lesson from their failure which
then twist them into a matured personality. Hence, failures are the stepping
stones for the entrepreneurs which lead them to the path of success in their
business or any other careers. Unfortunately, peoples nowadays afraid of being
fail or making mistakes in their life and thus, they refuse to try on new
complex ideas.
Besides, failure give
experiences and lessons to the entrepreneurs that they can refer when starting
a new plan. So, they will have a better result than before. For instance, for
people who want to start a business, they might fail in the beginning, but at
least they give a try and learn lessons from the failure they had made during
the process of organizing their own business. Hence, people who want to success
should keep trying and make a room for failure in order to success in
everything.
Ben Huh is an American internet entrepreneur who was born in
Seoul, South Korea, the founder of The Cheezburger Network. He owned the
websites of FAIL Blog and I Can Have Cheezburger and today he is the CEO of The
Cheezburger Network.
At age 22, he decided
to go into a career of internet. So, he move to Chichago and founded a web or
software analytic company named Raydium. He began his startups on that company,
but he did not have enough experiences or much network to raise money in a
short period at that time. Hence, he went for work at three companies for six
years. One and a half months later, Ben met the biggest obstacle in his life.
By the time his products were produced, the economy started to drop. His company cash flow was getting affected.
He did not able to find even a single customer to support his product. After
that, he locked himself in the room for two weeks as he can only felt the
darkness, loneliness, hopelessness at that moment.
One day, he
decided to get out from the darkness started a lot of research and finding all
the possible investors in order to persuade them to support his products. Later
on, some of the investors said that they willing to invest on his products. So,
he decided not to give up on this company but continue to operate it. After
that, Ben Huh decided to buy I Can Has Cheezburger in year 2007. He started to
build his funny blog empire. In September 2007, he took over Cheezburger and
the blog network received 25 million unique visitors.
The failure had led him to the biggest
achievement in his life. He is proud of what he had achieved as he never gives
up even though he lost everything he had before this. In contrary, he build up
everything again from zero as he believed that although he lost everything but
he does not lost the lessons or experiences that he had learned from that
failure. Hence, he was brave to solve the problems he faced instead of being a
coward and trying to run from the problems. This shows that every success comes
from failures.
1.4
Open risk taker ( Prepared by Teng )
Open risk taker means
a person or business that tends to behave in a way that can potentially cause
physical harm or financial loss, but might also appear an opportunity for a
rewarding outcome. Risk-taking is a part of entrepreneurial life. In short, an
open risk taker is also a person who willing to take the risk to achieve their
vision. So, a risk taker should have an evaluation and consideration against
the risk which taken by risk taker to get a return.
According to
Lodha,H.C.(2014), entrepreneurs should have risk-taking spirit, because not
taking risks can kill a business before it gets off the ground. At the same
time, they have to balance thae impulse because excessive risk-taking can
destroy a business and its owner's credibility, finance and personal life. Good
planning and meticulous financial management can help an entrepreneur determine
which risks can impact their business badly. Business risks can move a business
forward. In short, to start a business, an entrepreneur should clearly knows
their passion, personal finances and even your mental health at stake in order
to be prepared to face basic risks.
There are many
benefits of taking risk in business. For an example, it gives an entrepreneur a
competitive edge. An entrepreneur takes risk to pass a loan in order to get
necessary capital needed to fund his/her business without knowing he/she can
cop up with the business and pay the interest each month.
Other than that, good planning and meticulous
financial management can help an entrepreneur determine which risks can impact
their business badly. When necessary, business owners should hire experts to
help them make decisions. Business risks can move a business forward. In short,
to start a business, an entrepreneur should clearly knows their passion,
personal finances and even your mental health at stake in order to be prepared
to face basic risks.
Tan Sri Lim Goh Tong
is a famous wealthy Malaysian Chinese businessman who developing Genting
Resort. The emergence of a world-class tourism center by Tan Sri Lim Goh Tong
was ridicule by others and make him get the inspiration from the experiences to
reach his dream. His friend said the idea was not promise a return on the
capital investment. He was working 2 shift whole week to cut the cost.
Surprisingly, Tan Sri
Lim Goh Tong and his friend willing to stay in the cave beside to the tourism
center. He was the first person who go to the tourism center for work and also
the last person who came back to home. Tan Sri Lim Goh Tong is the first person
who work on shift for 24 hours throughout the week to make sure his goal is
achieve.
There are many
frustration and risk that faced by him, but he didn’t give up. Every people
have their own right to succeed and they should be given an opportunity to try.
Every ambition and dreams needs a sacrifice and full
attention.
1.5
Team oriented (Prepared by Teng )
Team oriented defined
as a group of people organized to work together. Based on Donna, E. (2005),
Businesses that involve a spirit of teamwork and collaboration can capitalize
on the individual strengths of their employees. Team work in doing a business
can contribute to valuable skills and ideas compared to self-oriented style.
Many projects can be
completed more efficiently and quickly when the tasks are distributed to each
members based on their specialization and abilities. Different professional and
education experiences contribute innovative skills. A team that continues to
work together will eventually develop an increased level of bonding.
Based on Alina, V.
(2013), the entrepreneurs should avoid conflicts in a team which which is by
eliminate gossipping, get to know the different personalities in a team, avoid
criticize their honest work, complain or blame that loosen the friendship.
Other than that,
there are some tips to achieve effective teamwork in workplace which is give
the power to make decisions, share clearly defined team objectives and make
individual progress visible to the whole team. In short, a group of people who
working together may improve communication among each other, reduce stress,
efficiency, improve problem solving and others.
Based on Larry Page
and Sergey Brin, the founders of Google explains that their employees, who have
named themselves Googlers, are everything. Team work is an important traits for
them to achieve their goal which is to organize the world’s information and to
make it universally accessible, useful and preserving history and making it
available to everyone.
They recruit many
creative, principled and hard-working employee to reach their company’s
significant growth. In order to attract the employees of Google to work better
in team, Page and Brin put much efforts on creating a highly desirable
environment.
By emphasizing team work and rewarding
innovation and creativity, Google had become one of the most desirable
companies to work with. Google makes the hiring process very serious in order
to get great people who working together in the company. Google also strives
hard to maintain a flat organizational structure. This process need the
employees’ team work to contribute innovative ideas and solution to the
problem.
1 .6
Observant (Prepared by Amira )
Observant is one of
the important trait that every entrepreneur should have because it helps them
to observe things from different perspectives. It means when they see a thing
or situation, they will observe both advantage and disadvantage of having it
before take a decision. So, by having this trait the entrepreneurs can act fast
towards chances and threat thus, will not miss out a single opportunities in
market. Further more, from their personal observation, entrepreneurs can
predict the situation or crisis that the company will go through hence, will be
ready with the solution and alternatives which help them to escape from huge
failure or loss. Besides, an observant entrepreneur also able to observe the
trends in the market which then they refer during design the strategies.
Other than that, this
trait also help fellow entrepreneurs to know their customer’s needs which they
work on in order to satisfy them. It is because if they produce a product that
is expected by the customers, definitely they will would love it and become a
loyal customer of the particular product. Besides, they also will influence
people around them to use the product at least once. So that, indirectly it increases
the sales and help the entrepreneurs to expand their business to next level
which is export them to foreign countries to gain more revenue.
The entrepreneurs
should not stop from updating themselves once become famous. It is because
marketing world is something dynamic and it follows the trend and lifestyle of
modern communities. It is very important for every entrepreneurs to keep an eye
on their competitors achievement as a bench mark for them. So from this
observation, the entrepreneurs would know their current position thus they make
changes in term of design or function of their product and services in order to
produce a competitive advantage. This unique quality is important for a product
or service to withstand a risk or crisis and escape from being kicked off from
the market.
On the other hand, by
being a observant, entrepreneurs will have a clear picture of where they can
market their product more effectively, who is their suitable customers, ways to
promote and market their product, strategies that could be used to achieve
their goals and more. This observation give them confident to move on and give
a try because they already have a clear picturisation of all conditions that
could stop them. So they will not be too cautious until it blocks their
creative thinking.
Tan Sri Anthony
Francis Fernandes is an entrepreneur Malaysia. He is the founder of Tune Air
Sdn. Bhd. He has introduced the first no-frills budget airline Air Asia to
Malaysians with the slogan "Now everyone can fly". Tony Fernandes,
managed to bring Air Asia; a commercial airlines that almost bankrupt into a
better position. He founded the company Tune Group.
From his observation, he found that most of
the Malaysians want to use flight to travel but most of them feel that the flight
fees are too expensive. So he take the action to introduced the Air Asia with
the low price of flight tickets and now Air Asia is a highly successful budget
airline.
1.7
Networked ( Prepared by Aiman )
Superior productivity is not just relying on resources
such as things and people, but also in social relations among people (Coleman
1988; Putnam 1993). An entrepreneur who owned a successful empire they must’ve
connected to large business partners that so they could co-operate in terms of supply chain, logistic, legalistation and
more.
A personal network is
a set of human contacts that an individual use to complete a given set of task.
In other words, a personal network is a group of dedicated people who are
committed to maintain a relationship with a person in order to support a given
set of task.
A public network is a
network to which anyone can connect publicly. The best example of such a
network is the Internet. Besides, mass media such as newspaper, television and
radio are also categorized as public network.The main difference between public
and private networks is access to a private network is tightly controlled
compared to public network.
A business network is
a type of business social network
which is the reason for existing in business networking activity. Many business
players believed that business networking is a more cost effective when
generating new business than advertising or
public relations. A business itself may develop relationships
with variety of businesses and organizations as they may directly or indirectly
affect the successful performance of the business (Hakansson and Ford, 2001).
Firms have to rely on the capabilities of many organisations and able to merge
these external capabilities with their own needs could allow these firms to
achieve distinctive advantages (Loasby, 1998). These partners do not have to be
formally linked by any formal structure and may include a variety of players.
For an example, Elon reeve musk had a serious
contract with NASA after SpaceX launched their fourth rocket into the orbit in
September 2008. SpaceX received award from NASA as the first private company
that signed Commercial Orbital
Transportation Services (COTS)
contract in 2006, to design and demonstrate a launch system to supply cargo to
the International Space Station (ISS).
1.8
Open culture (Prepared by Ong )
Open
culture is a concept proposed by the Singapore theatre doyen Kuo Pao Kun
(1939-2002) to address issues of cultural multiplicity and the conflicts
between difference of cultural in society nowadays. In business range, open
culture is clarified as a spreading of knowledge in an open and collaborative
manner to others for continuing growing and development without limitation or
restriction of copyright laws.
The concept has
arouse a new revolution of knowledge where everyone should have the equal
information without the difference of social background. Entrepreneur need open
culture to provide a fair working culture where his or her employee have
chances to acquire information about their company and deliver their idea
freely without the difference of position level. Some potential talented might
be discovered and help the entrepreneur to grow up his business.
Firstly, entrepreneur must be a man whom can
take both condemn and praise.
Sometimes innovative idea spring from conservation between
them and their employee. Mark Zuckerberg listen to majority voice. He advance
Facebook by receiving feedback either it is positive or negative. In his speech
at Tsinghua University recently, he spoke out the
importance of human’s feedback in his Facebook company in Chinese words: “You
focus on people. That’s what make you human.”(2015) “Review In The Year”
is a Facebook function that have rose up resentment among users. This
application will automatically show up few pictures linking together without
apart the sad and happiness memories. In order to solved this problems, Mark
Zurkerberg has listened to the complaints of people and apologized with his
product manager. They promised to do it better in the next year.
Second,
entrepreneur should be able to openly express their knowledge and emotion
feeling without selfishness. Entrepreneur should share their knowledge and
information to their employee instead of selfishly hiding something behind.
They should be patiently teach their employee in completing some jobs to help
them success and improve. For instance, Mark Zuckerberg always teach his knowledge to his employee
even though he is just an entry-level workers working in graph search.
Next,
entrepreneur should implemented an transparent culture instead of using hierarchy
culture. In Facebook, there are no such
culture, there are very free to express their idea. It shows that, open culture
has help Mark Zurkerberg to create a good working culture where they will stay
loyalty and hunger to grow up his Facebook together.
Task 1 (b)
Biography of Tan Sri Lim Goh Tong
In 28th
February of 1918, a great man was born in Anxi, a place which was still a
impoverished country in southern of Fujian province in China. His parent
welcomed this fifth child and had named him Lim Goh Tong. His father was Lim
Shi Quan and his mother Goh Ban. He has an elder brother named Jing Ya, three
elder sisters named Lim Zhuang,
Lim Bau and Lim See, a younger
sister which is Lim Mei and a younger brother named Jing Kun.
Tan Sri Lim Goh Tong
was a prominent wealthy Malaysian Chinese businessman. He was renowned for his
vision and courage in transforming Genting Highlands from an unexplored hilltop
into one of the world's most successful casino resorts. With his hard work and
effort, he become the wealthiest man in Malaysia with a total assets of US
$4.2billion, making him the 204th richest person in the billionaire list
compiled by Forbes 2007.
During childhood, He grew up peacefully and
had the chance of studying in school.
However, a disaster struck and his father passed away when
he was 16 which made Lim Goh Tong compelled to leave school. Lim Goh Tong and
his elder brother had to take over the responsibility of his family. He started
to inherite his father traditional vendor business in selling vegetables along
streets to lighten his family burden. As revolution led by Sun Yat Sen had
caused continuing civil wars, he left his business and wished to head to
Malaya.
His uncle, Lim Mo Jin had been emigrated to
Malaya many years ago and was already a successful Class A contractor in Kuala
Lumpur. Tan Sri Lim lived with his uncle and started to work as a carpenter for
his uncle for two years. Tan Sri Lim
firstly learned Malay during that period. He gained knowledge and experience as
a subcontractor. Then, he backed to his hometown again. Since the safety issue
had become worse when Japan invasion occurred. He thought that China is not
safe to stay anymore and it was hard to make incomes. Finally, after some
struggling, he decided head to Malaya for better opportunities. After a shortly
he voyaged to Malaya, Japan set barriers to restrict the entrances of Fujian.
Tan Sri Lim was a man
with pair of perceptive eyes to forecast the future. It does not mean that he
was a man with extraordinary mentalist power but he was visionary, he could always have had a crystal clear direction about
what should be done and how to archive his goal based on certain situation. To
mentioned, if he did not had make decision to left Fujian early, he would not
had successful escaped. He was clever than an owl, nimble than a eagle. He
could catch on every chances hidden deep inside ones.
Many people
will remembered his mighty Genting Highland resort, but few people know his
past. Japanese had invaded Malaya in 1942.
He worked as a farmer during that time and decided to do some more better
trading. When Japanese ended his ruling, Tan Sri
Lim seized opportunity to involve in second hand machinery trading and earned
his first fortune.
Further more, visionary entrepreneurs
have own strategic abilities and they able to view things with a long-term
perspective. When dealing with machinery trading, he strayed into iron mining,
joining as a partner in a mining company. By using his experiences from his
uncles as a subcontractor and in iron industry, he run a joint-venture company
which was the first Chinese tin companies to utilise dredges. Later, he started
his long term strategies, that is built his own family construction company,
the Kien Huat Private Limited. Some have said that Tan Sri Lim Goh Tong was a
luckily man. But actually he was a leader who born with entrepreneurship skills
that made him a great man today.
Lim Goh Tong is a
successful entrepreneur who never afraid to dream and will make sure that he
achieve those dreams within a period. He had the determination and courage to
get them in real life. Although he was not well educated as he did not study
beyond primary school, yet he was not scared to change his weakness and life’s
challenges into opportunities (Tribute,
2007). It is not a big deal for him because of his effective entrepreneurial
style, shrewdness and timely risk taking
which give him a hand in management.
According to UK
essays (2003), other than development of Genting Highland, he also have experience
in various fields which then builds knowledge, strength, motivation and bravery
within himself. Initially, during the Japanese colonialism, he had experience
of working as a farmer, petty trader and as a hardware trader. Besides, he also
involved in construction field. It does not mean he only go through success
without a single failure. He also familiar with failures especially when he
worked as contractor. He even faced bankruptcy when signed an agreement and
dealing with Kemubu Irrigation Scheme but he managed to overcome the risk and
completed the project.
According to Biography of Mr.Tan sri Lim Goh Tong (n.d),
the concept of building a resort on top of the hill was first coined by Lim Goh
Tong in 1964. This idea hit him when he was enjoying the cool breeze in Cameron
Highlands. He thinks that as the standard of living in Malaysia keep moving
upwards the trend of its citizens also changing where more people prefer to
visit mountain resorts for relaxation and recreation. Cameron Highland was very
far from the centre point; Kuala Lumpur therefore, he thinks that building a
mountain resort that is closer to capital city Kuala Lumpur would be a great
business potential and gives a competitive advantage.
After that, Lim Goh
Tong started his site inspection and finally come up with a strategic location
to build the hilltop resort, which is Genting
sempah. He used the observant
skill when collecting data on topography, drainage and soil condition to be
used during drawing the plan (Biography
of Mr.Tan sri Lim Goh Tong, n.d). Many of his friends and relatives thought
it was risky so they start to gossip that Lim is a fool to invest time and big
amount of money to develop Genting resort. However, he does not take all these
negativities as an obstacles to achieve his goal thus, he went ahead firmly
with his plan. According to Tribute
(2007), he had dumped in all of his fortune to run this project which means
he spent all his savings without earning any income. He took a major risk by
selling 810 hectare rubber estate for RM2.5 million (Biography of Mr.Tan sri Lim Goh Tong, n.d).
Besides, he also
invested all the savings form his side business such ironmining,
sub-contracting and hardware business. He has to work individually because none
of his friends believe in his abilities. Despite that, they discourage him and
advise him to drop the entire project as they think it would not work out.
After getting
approvals from the federal and state government, Lim began the project which
forced him to face few problems regarding accessibility to hill top, water and
electricity supplies, drainage system and fire safety (Biography of Mr.Tan sri Lim Goh Tong, n.d). However, Lim do not
panic with these risks but, make a first move with building roads towards the
summit in just three years. Further more, Lim survived six close brushes with
death and stretched his physical endurance to the limits as he had to shuttle
between Genting project at Kuala lumpur and administrate Kemubu Irrigation
project at Kelantan. This situation push him to work day and night for the
whole week. So, this also could be an evidence for saying Lim Goh Tong is a
good risk taker and he knows to deal with the uncertainty. It is because
although he knew that carrying out two project at a time is very challenging,
needs more passion and hard work but, he still encounter it with brave in order
to let people know that nothing is impossible.
Although he was
facing a lot of obstacles and failures during all the process, but he still
became a successful entrepreneur around the world by building up Genting. This
is because he was being an outcome
oriented person all the times by solving all the problems he faced. This
proves that bring up outcome oriented culture will make a person success in
their careers no matter in business pathway or throughout their life.
Employees are an integral part of Genting
highland and it stays committed to foster new era of talents in their business.
Genting has a worldwide workforce of more than 58,000 employees. Lim’s
employees can rely on him because of his kind heart. This can be proved by the
fact that he take care of his workers and assumed that all of them are his
valuable assets. He prepared the excellent working conditions for his
employees, so that, his employees can work in team in the good conditions and
express their loyalty and faithfulness for the organizations. Genting Group
promote a safe and connecting with work environment to keep a good balance
between life and work for his employees.
The traits of team-oriented also can be show by his friends and him had to stay
in forests or caves nearby to finish up their task to build the Genting Highland
resort. We can see that he was sincere and hardworking in doing the work with
his friends in order to achieve his dreams and goals. Besides, he cooperate
with his friend working 2 shift through whole week to cut the cost.
According
to Ang W, L. (2007), at the time when Lim was 32, he was introduced to a
Muarian named Mohammad Noah Omar. The friendship and business partnership
between Lim Goh Tong and Mohannad Noah Omar resulted to be very beneficial to
both people. They established a company which Lim was the managing director
while Omar was the chairman of the company. They tried to persuade the
government of Malaysia to let them build a tourism resort on a hill top. After
some years, they submitted their application to operate a casino in the hotel
that they built. As a result, the approval letter for the first and the only
casino in Malaysia was signed after the discussion. According to Lim, employ a
person or make business with a person when you trust him or her. Do not make
business or employ a person that are not loyal to the company.
So, this also could be an
evidence for saying Lim Goh Tong has the trait of team-oriented as his friends
were give a hand and support him although there are some of Lim’s friend
ridicule his plan. However, he didn’t forgo or give up because he had some of
his friends and his employee which he assumed that they are his assets.
As a next step, based on Biography of Mr.Tan sri Lim Goh Tong (n.d) Lim worked towards
getting a pioneer status for Genting and tax incentives when actually the
development does not qualify for that. He planned strategically to persuade the
government where he told the authorities that the tax incentives not only vital
for his operational management crew but also profitable to the government in
future which then agreed by them. After completed the project, he gone through
another risk where the resort could not be officiated as Kuala Lumpur and its
surrounding areas were hit by the worst rainstorm in 1971 which causes 180
location closed because landslides. So, it took four months to repair the
damaged areas. After waited for months, Genting finally opened for business on
May 8, 1971.
After years of business, the
hillside was crowded with more hotels, indoor and outdoor theme parks and even
a convention centre. This development was achieved through his assumption that
people love more adventurous activities and have fun during their vacation.
As a whole, Tan Sri Lim had to work his way up from
scratch and eventually through blood and tears before becoming one of the
leading entrepreneurs in Malaysia. Now, Genting Highlands is one of the most
successful Casino resorts in the world and one of the primary and essential
tourist attractions in Malaysia. Lim's company; Genting Groups’ operates
Genting Highlands and has diversified into numerous different commercial
enterprises such as plantations, property, paper, power generation, oil and gas
exploration and cruise industries. In this process, new brands were created
with distinctive names in their respective fields, to be specific Asiatic,
Genting Sanyen and Star Cruises. On December 31, 2003, Lim gave his
chairmanship of Genting Group over to his son, Tan Sri Lim Kok Thay.
Lim Goh Tong passed away on 23 October 2007,
at Subang Jaya Medical Centre
(SJMC). He had a beautiful family of six
children, nineteen grand children and a loving wife when he ends his last
breath. His body was buried at Gohtong Memorial Park at Gohtong Jaya on Monday
29 October 2007.
TASK B
Reference
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Appendix II : Group Members
No.
|
Name
|
Email id (Valid)
|
Mobile number
|
Signature
|
1
|
Ithayamalar A/P Kumar
|
Malarithaya@gmail .com
|
0177145076
|
|
2
|
Teng Phei Ying
|
Peiying_96@live.c
om
|
0174475593
|
|
3
|
Low Chee Wei
|
Cw_low28@live.co
m
|
0149292898
|
|
4
|
Izzul Aiman B. Nor Azni!
|
0196340433
|
||
5
|
Noor Amira Syahira bt
Mohamed Zubair
|
0175866317
|
||
6
|
Ong Kit Hang
|
0175139026
|
||
7
|
Appendix III : Meeting
Meeting No: 1
|
||||||
Date
|
Meeting Time: 15 0CT
2015
|
Called By:
ITHAYAMALAR
|
||||
Meeting
Title sdsdTTitlecalled by
|
TASK SEPARATION AND EXPLANATION ON TRAITS
|
|||||
Facilitator
|
||||||
Note taker
(Attache
|
||||||
Attendees
|
Name
|
Signature
|
Remarks
|
|||
Ithayamalar A/P
Kumar
|
||||||
Teng Phei Ying
|
||||||
Low Chee Wei
|
||||||
Izzul Aiman B. Nor Azni!
|
||||||
Noor Amira Syahira bt
Mohamed Zubair
|
||||||
Ong Kit Hang
|
||||||
Absent
|
Name
|
Reason
|
||||
Agenda: Explain about
the traits, brainstorming session, create blog, ask group member’s opinion.
|
||||||
Discussion
|
||||||
Conclusions
|
||||||
Action Items
|
Person
Responsible
|
Deadline
|
||||
|
Organization
|
Not organized, discussion makes no sense
|
Some organization, discussions jump around,
start and end are unclear.
|
Good organization and discussions are
logically ordered.
|
Excellent organization and discussions are
logically ordered.
|
|
|
Content
|
Poor introduction of subject matter
|
Some introduction of subject matter.
|
Good introduction of subject matter.
|
In-depth introduction of subject matter.
|
|
|
Provide little or no information on subject
matter. Information is inaccurate or with many errors.
|
Insufficient information on subject matter.
Some information is accurate, but enough errors are made to be distracting.
|
Discusses pertinent information on subject
matter. Explains significance of topic but some information is inaccurate.
|
Discusses pertinent information on subject
matter. Clearly explains significance of topic. Information is consistently
accurate.
|
| |
|
Minimal use of supporting detail.
|
Some use of supporting detail.
|
Good use of supporting detail.
|
Insightful and sophisticated use of
supporting detail.
|
| |
|
Vague or confusing conclusion.
|
Weak conclusion.
|
Effective conclusion.
|
Interesting, effective conclusion.
|
| |
|
Mechanics
|
Errors are frequent and distracting.
|
Some errors in style or grammar occur that
they become distracting.
|
Writing is generally errors free.
|
Writing is free of errors in grammar,
punctuation, sentence structure, capitalization and spelling.
|
|
|
Unacceptable appearance. Does not use
appropriate font, font size, line spacing and border areas.
|
Appearance is acceptable but a lot could be
improved.
|
Appearance is generally good; only few
elements need to be improved.
|
Excellent formatting and appearance. Use
appropriate font, font size, line spacing and border areas.
|
| |
|
Ethical guidelines
|
References are not cited in text, and no
references list is provided.
|
Few references are cited in text and
incomplete reference list.
|
Most references are cited in text and
appropriately provided in references list.
|
Complete references in text and references
list.
|
|
|
Style/format is incorrect.
|
Many references use incorrect style/format.
|
Most references use correct style/format.
|
References are in the correct style/format.
|
| |
|
Report handed in more than 5 days late.
|
Up to 5 days late.
|
A day late.
|
Report handed in on time.
|
| |
|
|
|
|
|
TOTAL MARKS
|
|
Appendix
IV:Written Report
|
|
1 = Below Basic
|
2 = Basic
|
3 = Proficient
|
4 = Advance
|
Marks
|
|
Organization
|
Posts are of very poor quality. There is
little to no evidence of reading other
information in order to form new meaning of
the topics at hand.
|
Posts show a below average, overly casual
writing style with a lack of attention to style. Students
pay little attention to other
reading and mostly regurgitate previous
personal views.
|
Posts show above average writing style. The
content demonstrates that the student reads moderately, and attempts to
synthesize Information and form new meaning.
|
Posts are well written, and are
characterized by elements of a strong
writing style. The content demonstrates that the student is well read,
synthesizes learned content and constructs new meaning.
|
|
|
Requirements
|
Requirements
were not met on time
|
All
written requirements were met.
|
All
written requirements were met on time with clear expression.
|
All
written requirements outlined on the assignment sheet were met on time with
clear expression.
|
|
|
|
|
|
|
TOTAL MARKS
|
|
Appendix
V:Blog
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