FACULTY OF BUSINESS MANAGEMENT AND GLOBALIZATION

Fundemental of Entrepreneurship

Name : Syahirah Bt Shaharudin 110034626

Semester : 3

Academic Honesty Policy Statement

I, hereby attest that contents of this attachment are my ownwork. Referenced works, articles, art, programs, papers orparts thereof are acknowledged at the end of this paper. Thisincludes data excerpted from CD-ROMs, the Internet, otherprivate networks, and other people’s disk of the computersystem.

Student’s Signature : _____________________________

LECTURER’S COMMMENTS/GRADE:for office use only

DATE : ______________

TIME : ________________

1

Title : 5 of Entrepreunership in Malaysia

Due Date : 8.10.2013

Lecturer : Mr. Syed Mohamad

RECEIVER’S NAME : _______

TABLE OF CONTENT

1. INTRODUCTION……………………………………………………………………3

2. MATERIALS

i. Entrepreneur of Internet (Mark Chang)

…………………………………………..4-5

ii. Entrepreneur of Manufacturing ( Loh Boon Siew)

……………………………....6-7

iii. Entrepreneur of Hospitality (Dato’ Maznah Hamid)

……………………………..8-9

iv. Entrepreneur of Financial (Tan Sri Azman Hashim)

………………………….10-12

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v. Entrepreneur of Service (YBhg Tan Sri Rozali Ismail)

……………………….13-14

3. CONCLUSION……………………………………………………………………....15

4. REFERENCES……………………………………………………………………….15

1. INTRODUCTION

How many entrepreneurs have there been in the history of the

world? Millions, certainly, probably even billions. We

should be proud of them because they have proved to the

whole world that they can succeed. if we take a look the

background of their lives, many of them are not from a rich

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family. With limited capital, they strive to achieve

success. "Every problem is an opportunity" that the words of

Dr.Azizan, one a successful entrepreneur in Malaysia.

To complete the assignment given by mr.syed Mohamad, I have

made a research some successful entrepreneurs in Malaysia. I

was assigned to do a research on the background of

entrepreneurs, company history and some interesting facts

about them. The entrepreneurs that I have chosen are:

i. Entrepreneur of Internet (Mark Chang- Chief Executive

Officer, JobStreet.com)

ii. Entrepreneur of Manufacturing ( Loh Boon Siew- Boon

Siew Honda)

iii. Entrepreneur of Hospitality (Dato’ Maznah Hamid –

founder of Securiforce)

iv. Entrepreneur of Financial (Tan Sri Azman Hashim- Ambank

Group)

v. Entrepreneur of Service (YBhg Tan Sri Rozali Ismail-

Executive Chairman of PNHB Group)

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Mark Chang - Chief Executive Officer, JobStreet.com

a. Background Of Entrepreneur

Name: Mark Chang Mun Kee

Nationality: Malaysia

Education: Bachelor of Science in Mechanical Engineering

from the University of Texas

Masters of Science from MIT, USA

Mark Chang is the founder of online recruitment

company, Jobstreet.com and has been the CEO since the

inception. He said, "I really thought it would be a mom-and-

pop kind of thing," he really did not think that he will be

one of the successful entrepreneurs in Malaysia. he thought

that she was going to work and earn money monthly salary.

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"Thought to be the owner streetjob.com is a dream that I

never sangakan" said Mark Chang. Selling Internet job

listings in booming Asia seems like a cinch. But it was Mark

Chang's caution that's made JobStreet a success. Fast-forward

ten years: JobStreet is now Southeast Asia's largest online

employment company. It's growing in Hong Kong and India, and

it's entered Japan.

Before starting Jobstreet.com in 1997, he joined a US

healthcare company as a process engineer and subsequently

promoted to manufacturing manager and regional director of

sales and marketing for Malaysia operation.  

Actually Jobstreet.com was not the first company that Mark

Chang founded. Prior to Jobstreet, he also founded MOL.com

which focuses on the online trading and e-commerce. However,

after seeing vast potential in online recruitment business,

Jobstreet.com was born to focus solely on the recruitment

industry. Jobstreet.com was supported by their initial

client, Intel Corporation and was followed by other major

players in various industries.

.

b. Profile Of The Company

Jobstreet.com is internet applications which allow leavers

to university graduates to get work appropriate to their

individual needs. The company, whose clients include the

likes of Dell, Siemens and Canon, serves more than 45,000

employers and 4 million registered job seekers. Asia's

sizzling growth has meant plenty of business in industries

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from banking to manufacturing desperate to fill jobs. "When

the economy is strong, companies need to keep expanding, so

we get a lot of companies coming back to us," says Chang.

"When the unemployment rate in Singapore, for example, dips

so low, companies must look outside of Singapore for labour.

A company like us, on the Internet, can reach out to

Malaysia, India, Indonesia, and the Philippines and tap job

seekers across the region."

As one of the leading recruitment companies in Malaysia and

Asia, Jobstreet.com is helping over 20,000 companies to hire

the right talents and over 3 million jobseekers finding the

right opportunity. With their initial success and market

acceptance, they were able to secure funding from Walden

International in 1999 and overseas operations were set up in

Singapore, Philippines and India. Other investors such as

Sumitomo, Mavcap Technology and Intelligent Capital followed

subsequently.

Under Mark Chang's leadership and vision, Jobstreet.com was

honoured a succession of awards which include Internet

Company of the Year, Malaysia Internet Awards by Jaring and

The Star, E-Business site of the year in PIKOM-Comp times

awards and Best Software Application Awards in the APMITTA

awards. The awards encourage Mark to grow Jobstreet.com at a

faster rate and edge the competition by other players by

introducing a fleet of other products. Their core product,

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Jobstreet Essential was followed by the introduction of

Jobstreet Select, Jobstreet Campus and Jobstreet Learning. 

JobStreet is now the largest online recruiter in Malaysia and

the Philippines and number two in Singapore. It's not in

Thailand yet but is looking to enter. And its seven-year-old

India unit, which had languished in a very competitive

market, is gaining traction. Last April JobStreet sold half

of its India unit for $2 million to Television Eighteen India

in Mumbai, which promptly began promoting the site on the

air. Since then the number of registered users has climbed

25%, to 1.5 million.

Loh Boon Siew- Boon Siew Honda

a. Background Of Entrepreneur

Name: Loh Boon Siew

Natioanality: Malaysia-China

Education: No education

Status: Boon Siew had two wives, Oh Guat Sim and Ong Lay Wah.

He died in his sleep at the age of 79 on 16 February 1995.

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Boon Siew was born in Hui of China. He spent his childhood

collecting pig dung (then used as fuel) to make a living. Aged

12, he arrived in Penang on a small boat from China with five

friends, among them Loh Poh Heng and Loh Say Bee. He could

speak only Hokkien and had virtually no formal education. He

worked as an apprentice car mechanic (earning three dollars

monthly) upon his arrival. It is said that Boon Siew's master

used to hit him in the head whenever he did something wrong.

He supplemented his income by washing buses at night for 10

cents per vehicle.

At age 18, Boon Siew purchased 11 buses using his $2,000 in

savings. He reconditioned the buses and sold them for $12,000.

Next, he used the money he earned to buy another 39 buses. In

1942, during WWII, his money was confiscated by the invading

Japanese army. After WWII ended in 1945 and the Japanese were

defeated, he started selling bicycles, tires and motorcycle

accessories, and soon he expanded his business to used cars,

transports and buses.

In the 1950s, Boon Siew went into property development with

his friends Say Bee and Poh Heng by building residential

villas in Taman Saw Kit in Penang. His work is continued by

his Boon Siew Group. In 1958, Boon Siew noticed the popularity

of the Honda Super Cub motorbike which had been just

introduced in Japan. He believed that this low-cost, high-

efficiency machine would find a similarly receptive market in

the rapidly urbanizing areas of Malaysia. Boon Siew arranged

to meet with Mr. Soichiro Honda, the bike's creator, and

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quickly convinced him to set up a Honda subsidiary in

Malaysia.

b. Company Background

Boon Siew Honda Sdn. Bhd. manufactures and assembles cars,

motorcycles, auto spare parts, auto accessories and all

related components. The company was incorporated in 2004 and

is based in Penang, Malaysia. Boon Siew Honda Sdn. Bhd. was

formerly known as Kah Assemblers Sdn Bhd. Boon Siew Honda Sdn.

Bhd. operates as a joint venture between Oriental Holdings

Bhd. and Honda Motor Co., Ltd.

A factory was built in Penang to assemble the Honda Cub and

the Honda motorcycle assembled in Malaysia was renamed the

Boon Siew Honda. The Honda Cub became the best selling

motorcycle in Malaysia and Boon Siew was recognized as the

first person to bring the Honda Cub motorcycles into Southeast

Asia. Boon Siew also played a role in the brief merger between

Kwong Wah Yit Poh and The Star (Malaysia) in 1974 and among

his many charitable causes was the establishment of the Lam

Wah Ee Hospital and the Penang Old Folks Home.

Establishment:

September, 2008 (planned)

Location: Penang, MalaysiaPresident: Shoichi HaradaCapital Investment:

2.5 million malaysian ringgit (MYR)**about 83 million yen

Capitalization ratio:

50% Honda Motor Co., Ltd.50% Oriental Holdings Bhd.

Business Production and sales of motorcycleProduction Models:

EX-5, Wave100, Wave125, Click, CBR150R

  * :1 malaysian ringgit (MYR) = approximately 33.2 Japanese yen

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c. History of Honda Motorcycles business in Malaysia

195

7

-Boon Siew Sdn. Bhd. (BSW) began import sales of Honda

motorcycles

196

9

-Honda and BSW formed a technical collaboration and

Kah Motor Sdn. Bhd. began final assembly of

motorcycles in Malaysia contracted by BSW.200

5

-Kah Assemblers Sdn. Bhd. became independent from Kah

Motor Sdn. Bhd.

200

7

-BSW celebrated its 50th anniversary. Cumulative

motorcycle production reached the 3 million unit

milestone. 

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Dato’ Maznah Hamid – founder of Securiforce

a. Background of Entrepreneur

Datuk Maznah Hamid was born in Air Hitam, Kedah Darul Aman.

Dubbed as the 'Iron Lady', she was the first woman to manage

a security service company, whereby before her, this field

was dominated by men only.

Career:

Chairman Danau Lumayan

Chairman Securiforce Hi-Tech Cargo

Board Member Golden Hope Plantations Berhad

Board Member Perbadanan Usahawan Nasional Berhad (PUNB)

Board Member Universiti Utara Malaysia

Board Member Maznah Motivational Centre

Advisory Board Member of Excellerated Business School

Inc., USA

Board of Trustees Yayasan Sultanah Bahiyah, Kedah

Committee Member of Entrepreneur Development, KPU

Committee Member of the Ummah Development Action Plan, JPM

President Women Entrepreneur's Northern Region (USAHAWATI)

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b. History of Company

Datuk Maznah is the Securiforce Group Executive

Chairman. She established and steered Securiforce from an

unknown entity 27 years ago, to become the largest Security

provider in Malaysia, successfully rising over more than a

hundred other competitive companies of a similar nature. She

started her business with merely RM5000 from her savings

compared to other companies of similar nature that began

with capitals between RM500000 to RM1milion. She now heads

nearly 50 branches with employees reaching to almost 5000,

hundreds of firearms and numerous armoured vehicles. The

services are not only limited to static guard but also spans

to logistic, cash-in-transit, cash management, high tech

cargo management, armoured trucking service, as well as

numerous other services. Securiforce provides a complete and

total security package.

c. Interest fact about Dato Maznah

The most incredible and interesting part in Datuk Maznah’s

success story is that all her companies were established and

progressively growing without any aid from the banking

institutions. This has gained her much admiration and

respect from peers as well as competitors. Her philosophy of

success and achievement can be seen in her belief that “the

main capital in business is yourself”.

She carries the principle of “we should produce a workload

more than what we are paid for, as in the end, we will be

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rewarded much more than what we have done”. This principle

has lead to major successes in her business career.

For her outstanding leadership qualities and distinguished

entrepreneurship, she was invited to introduce the

motivational programme at TV3 in 1990, where she was made

Motivational Counsellor and Success Counsellor at both RTM

and TV3. Hence, we quite often hear her familiar voice over

the radio, and see her appearances on television.

For her distinguished and outstanding achievement, she has

been awarded and decorated with the following:

1. The Honorary Excellent Graduate Award for Personal

Development and Leadership

2. (Anugerah Graduan Cemerlang Daya Kepimpinan Diri – PDL)

3. Excellent Entrepreneur Award by The Malay Business of

Chamber

4. Tan Sri Fatimah Hashim Excellent Woman Award by Avon

5. (Anugerah Wanita Cemerlang Tan Sri Fatimah Hashim – Avon)

6. Honorary & Reputable Woman Award by Putra University,

Malaysia)

7. (Anugerah Wanita Kehormat – Universiti Putra Malaysia)

8. Excellent Woman Award by Her World Magazine

9. (Anugerah Kecemerlangan Wanita – Her World)

10. Entrepreneur Appreciation Award – MECD

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Tan Sri Azman Hashim- Ambank Group

a. Background of Entrepreneur

Known for his perseverance and intelligence, Azman Hashim is

one of the renowned names in Malaysian history. He is the man

who vastly contributed towards the economic development of

Malaysia and stands amongst the high esteemed and richest

people of Malaysia.

Azman Hashim is one of the richest people of Malaysia. Born on

July 1939, Tan Sri Dato’ Azman Hashim had thirteen siblings.

He spent the early years of his life in Kamung Baru, a place

in Kuala Lumpur. Azman Hashim’s success is attributed to his

mother, a school teacher, and his father, a strict

disciplinarian. Brought up in an environment of strict

discipline and wisdom, Azman Hashim passed the Senior

Cambridge examination with a first division in the year 1954.

Always a diligent child, Azman Hashim wished to pursue further

studies in medical science but as he received the Colombo Plan

Scholarship he had to move to Australia to study accountancy.

From 1955 to 1960, he studied in Australia and before the age

15

of 21 he became a Chartered Accountant and a Chartered

Secretary.

In the year 1960, Azman Hashim was declared Fellow of both the

Chartered Institute of Accountants, Australia (FCA Australia)

and the Institute of Chartered Secretaries & Administrators

(FCIS). Later, due to his intelligence and perseverance, Azman

Hashim was also declared the Fellow of the Malaysian Institute

of Bankers, the Malaysian Institute of Directors and the

Malaysian Institute of Management.

On the 3rd of March 1963, after the completion of his studies

and attainment of a successful career, Azman Hashim, married

YM Tunku Arishah Tunku Maamor. Working as a Chartered

Accountant, Azman Hashim started his professional career with

Messrs O.L. Haines & Co, an Australian company located at

Perth in 1955. Later, in 1960, Azman Hashim returned to

Malaysia and started working with Bank Negara. Azman Hashim

left his job on May 1964 and started his own practice with his

own enterprise Azman & Co. With great talent and intelligence,

Azman Hashim took his company to greater heights and later it

came to be known as Azman Wong Salleh & Co (Chartered

Accountants).

In the year 1966, Azman Hashim joined the Board of Malayan

Banking Berhad and from 1971-1980 he served there as an

Executive Director. In the year 1980, he was appointed as the

Executive Chairman of Kwong Yik Bank Berhad. He served there

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till 1982 and then joined the AmBank Group. Presently, Azman

Hashim is the Executive Chairman of the Amcorp Group Berhad

and also the chairman of its various subsidiaries.

b. Background of Company

AMMB Holdings (which trades as AmBank Group) is the fifth

largest banking group in Malaysia, with more than 200 branches

and their outlets (including subsidiaries and associates),

providing individuals and businesses with a range of financial

services and products.

AmBank Group was founded in 1975 as Arab-Malaysian Development

Bank, by Merchant Banking pioneer, Hussain Najadi via his

Holding company AIAK (Arab Investments for Asia Kuwait). He

brought the bank public via the Kuala Lumpur Stock Exchange

(KLSE) in 1981.

Tan Sri Azman Hashim, the chairman, controls about one-third

of AMMB Holdings. In 2006, Amcorp's interest in AMMB was

reduced to 18.8% from 32.9% after the Tan Sri Azman sold 300

million shares to ANZ Group.

c. Interest Facts

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1. Tan Sri Azman Hashim is also a Chairman to various other

groups and organizations. They include:

National Productivity Corporation

Non-Aligned Movement’s (”NAM”) Business Council

Malaysian Investment Banking Association

Co-Chairman of Malaysia-Singapore Roundtable

Board of Trustees, Perdana Leadership Foundation.

Pacific Basin Economic Council (”PBEC”) International

Co-Chair, United Nations Economic and Social Commission

for Asia and the Pacific (”UNESCAP”) Business Advisory

Council

2. Various other organizations have chosen Tan Sri Azman Hashim

as their President, which include:

Malaysia South-South Association

Friends of Prisons Association

Malaysia South-South Corporation Berhad

Malaysia-Japan Economic Association

3. Tan Sri Azman Hashim is also the member of:

National Economic Consultative Council II (MAPEN II)

Business Advisory Council of APEC (”ABAC”)

The Trilateral Commission (Asia-Pacific Group)

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Board of Advisors, AIM Centre for Corporate Social

Responsibility

Malaysia-British Business Council

Malaysia-China Business Council

International Advisory Panel, Bank Negara Malaysia

International Centre for Education in Islamic Finance

(INCEIF)

International Advisory Panel, World Islamic Economic

Forum and

YBhg Tan Sri Rozali Ismail- Executive Chairman of PNHB Group

a. Background of Entrepreneur

YBhg Tan Sri Rozali Ismail is the founder of Puncak Niaga (M)

Sdn Bhd ("PNSB"), the Executive Chairman of Puncak Niaga

Holdings Berhad ("PNHB") Group and substantial shareholder of

PNHB. He was appointed to the Board of PNHB on 24 April 1997.

A Bachelor of Laws Degree holder from University of Malaya in

1981, YBhg Tan Sri Rozali began his career as Legal Advisor

with the Urban Development Authority ("UDA") before joining19

Bank Islam (M) Berhad in 1983. Together with a few pioneer

bank staff, he conceptualised the first institution of

Islamic banking in Malaysia. Subsequently, in 1987, he

started his own legal practice as an Advocate and Solicitor

for seven years, specialising in corporate, property and

banking works.

In 1989, YBhg Tan Sri Rozali set up a family-owned company

and embarked into the property development sector, with

involvement in several development projects in the Klang

Valley, Kuantan and Johor. Under the banner of Puncak Alam

Housing Sdn Bhd, he developed a new township known as Bandar

Baru Puncak Alam. The family-owned company also ventured into

the utility business in 1989 with the setting up of PNSB. Due

to his vast experience in various fields, he was entrusted by

the Selangor State Government, via PNSB, to manage the water

treatment plants for the whole of the State of Selangor Darul

Ehsan and the Federal Territory of Kuala Lumpur. PNHB was

subsequently incorporated in January 1997 as the holding

company of PNSB and was listed on the Main Board of Bursa

Malaysia Securities Berhad (effective 3 August 2009 known as

Main Market of Bursa Malaysia Securities Berhad) on 8 July

1997.

b. Background of Company

The Puncak Niaga Holdings Berhad ("PNHB") Group is the

leading regional integrated water, wastewater and

environmental solutions provider and an emerging significant

20

player in the oil & gas sector. PNHB is an investment holding

company whilst its subsidiaries are principally involved in

the operation, maintenance, management, construction,

rehabilitation and refurbishment of water treatment

facilities, the supply and distribution of treated water

within the State of Selangor and the Federal Territories of

Kuala Lumpur and Putrajaya, undertaking offshore installation

contract work specifically in the areas of integrated

transportation and installation of offshore facilities as

well as undertaking research and development and technology

development for the water, wastewater and environment

sectors.Established on 7 January 1997, PNHB was listed on the

Main Board of Bursa Malaysia Securities Berhad (now known as

the Main Market of Bursa Malaysia Securities Berhad) on 8

July 1997. As at the end of 31 December 2012, PNHB's market

capitalisation stood at RM482.7 million. It is the first

water treatment and supply concession company to be listed on

Bursa Malaysia Securities Berhad under the Infrastructure

Project Company guidelines issued by Securities Commission.

c. Interest Facts

Our Company's Values, the PUNCAK Values shape our

organizational culture and guide the way we run our business.

They are integrated into our business processes and our core

values. At PUNCAK, we are and continuously seek to be:-

Passionate about our business for sustainable

performance.

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United as one in our corporate responsibility strategy to

align with our Vision to be the Leading Regional

Integrated Water, Wastewater and Environmental Solutions

Provider and to Emerge as a Significant Player in the Oil

& Gas Sector.

Nurture our human capital towards an exemplary workforce.

Corporate Governance guides the way we run our business

in an evolving

  global business environment.

Accountable for all our actions and engagement process

with our

  stakeholders.

Knowledgeable in all aspects of our business operations

and continue to be

  trusted and reliable provider of clean water supply.

3. CONCLUSION

Some people believe it's the ability to innovate. However, manystart-ups are refinements of existing business models orimprovements on how everyday products and services aredelivered. Being innovative helps, but it's not the decidingfactor.

How about access to capital? It's admittedly difficult to starta business if you don't have the money to get it started.  Evenso, there are plenty of successful start ups that survived onthe thinnest of shoestrings for their first few years.

Entrepreneurs are famously short-tempered and few have thepatience to coach employees.  If they wanted to play politics,

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after all, they would be working in a big company, not startingsomething new.

There is one thing and one thing alone that every greatentrepreneur absolutely must possess which is courage. Andcourage is very rare in our world.  Numerous surveys of thepopulation at large have shown that, above everything else,most people value security.

Most people will tolerate just about anything a bad marriage,an intrusive government, a horrible boss, a job that they hateif only that thing can make them feel more secure.Entrepreneurs are rightly the true heroes of our modern world.

4. REFERENCES

i. Usahawanterbilang-berjaya.blogspot.com, Cris Prystay

01.28.08

http://usahawanterbilang-berjaya.blogspot.com/2012/02/

mark-chang-mun-kee.html

ii. Investing.businessweek.com, October 07, 2013

http://investing.businessweek.com/research/stocks/priva

te/snapshot.asp?privcapId=23712401

iii. Siapa sebenarnya Datuk Maznah Hamid ( Who is Datuk

Maznah Hamid), Kaio, 2 August, 2012

http://kaio.my/datuk-maznah-hamid/

iv. Malaysiatoday, Charles Santiago, Wednesday, 03 July

2013,http://www.malaysia-today.net/mtcolumns/letterssur

at/57838-a-business-as-usual-rm-334-million-

23

remuneration-packagefor-puncak-niagas-tan-sri-rozali-

ismail

v. Tokoh Arkib Negara, 19 Februari 2000,

http://www.arkib.gov.my/tan-sri-dato-azman-bin-hashim

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