Entrepreneurs in Malaysia

Entrepreneurs be innovators or developer who recognizes and seize opportunities; converts those opportunities into a workable/ saleable idea; adds value through time, effort, money or skills; assumes the take chances of the competitive marketplace to implement these ideas and realizes the rewards from these efforts (Kuratko, 2009). Based on this explanation, we pot assume that enterprisers atomic number 18 people who take risks and efforts to venture into a new business. In order for them to take such risks, they imply to have certain characteristics; entrepreneurship characteristics. There are many characteristics that are attributed to entrepreneurs. There is not a set list of characteristics that an entrepreneur should have. According to Dr. Donald F. Kuratkos definition of entrepreneurship characteristics, there are 17 attributes related to an entrepreneur.

They are:- * Commitment, determination and perseverance * Drive to achieve * Opportunity orientation * enterprise and responsibility * Persistent problem-solving * want feedback * Internal locus of control * Tolerance of ambiguity * figure risk taking * Integrity and reliability * Tolerance for failure * High energy level * creative thinking and innovativeness * Vision * Self-confidence and optimism * Independence * Team building (Kuratko, 2009) According to Professor Jeffry A. Timmons, there are 20 attributes of characteristics that are related to an entrepreneur. They are:- * Total commitment, determination and perseverance. * Drive to achieve and grow. * Orientation to goals and opportunities. * Taking initiative and individualised responsibility. * Persistence in problem-solving. * Verdical awareness and a sense of humour. * Seeking and using feedback. * Internal locus of control. * Tolerance of ambiguity, stress and uncertainty. * calculated risk taking and risk sharing. * Low need for status and power, *... If you want to get a full essay, order it on our website: Orderessay

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