Visionary
 |
| Larry Page |
Visionary is one of the entrepreneurial skill that we can learn from the lesson. Besides that, visionary have various of meaning that we can explain it. Visionary can be explain like a person who having or showing clear ideas about what should happen or be done in the future. If you refer to someone as a visionary, you mean that they have strong, original ideas about how things might be different in the future, expecially about how things might be improved. Example, visionaries are constantly fighting conventional wisdom because they see the world ahead in terms of what it can be. An entrepreneur is more than just a risk taker. He is a visionary. It can also explain like a person who having or showing a powerful imagination. In another side, visionary can relating to something that is seen or imagined in a dream or vision.
Being
a visionary in whatever you do whether as a CEO, a manager, a team leader, a
supervisor, a business owner, an employee, a professional worker, a doctor, a
dentist, an engineer, a lawyer, a community volunteer, a coach, a teacher, a
husband or a wife is a very beneficial for you and others. One of the benefit
is your ultimate goal is clear to yourself and others. Visionary leaders have a
definite and clear vision. When you have a clear vision, your goal not only
clear to yourself even the worker you lead. Having a clear and powerful ultimate goal is crucial in
motivating people to strive for achieving that goal. Another benefit of being
visionary is you will become more focused. When you focus your energy on what
matters, you will not easy to distracted by external focus. As a result, you
will always stay to your vision and your ultimate goal no matter how difficult
the situation is. The last benefit of being visionary is you are not
disappointed with temporary setbacks. Be a visionary leaders constantly have
their clear vision and ultimate goal for their organization, they do not become
disappointed with temporary setbacks. Be a visionary leader will never give up
and learn from the failures so that never makes the mistake twice. Be a
visionary will stand up and move forward so that they can achieve their goal.
The
entrepreneur that I choosen who have visionary is Internet entrepreneur and
computer scientist Larry Page. Larry Page teamed up with grad school buddy
Sergey Brin to lauch the search engine Google in 1998. Larry Page born in
Michigan in 1973, Larry Page’s parents were both computer experts, so it was no
surprise that he studied computer engineering at Stanford University. His
father, Carl Page, was a pioneer in computer science and artificial
intelligence and his mother taught computer programming. After earning a
Bachelor of Science degree in engineering from University of Michigan, Page
decided to concentrate on computer engineering at Stanford University. That’s
where he met Sergey Brin. Together, Page and Brin developed a search engine that
listed results according to the popularity of the pages, calling it “Google”.
Since launching Google in 1998, the company has become the world’s most popular
search engine, averaging nearly 6 billion searches daily in 2013. Rosa Parks
Biography. (2010).
Being
a visionary entrepreneur, Larry Page have a clear vision to organize the
world’s information and make it universally accessible. Larry Page wanted to
devise a method for determining the number of Web pages linked to any one given
page. To explore the possibilities of his new "PageRank" mechanism
more fully, he called on the data mining expertise of his classmate, Sergey
Brin. After that, used it to power a new Web search engine called BackRub. The
name didn’t stick. By July 2001, BackRub had been renamed Google and was doing
really well. It had millions of users, an impressive list of investors and 400
employees, including about a half-dozen project managers. In recent years,
Google has introduced a number of popular new services and applications. Every
different position of jobs also need to use Google for getting more
information. Google Maps also become a popular navigation tool, while Google
Earth allows users to access satellite imagery to zoom in on location all over
the world. Google also provides a free Web-based e-mail service, G-mail, which
offers its users far more storage space than most other services. Without have
a clear vision and ultimate goal, Larry Page wont be successful like now. But
now Larry discusses a vision he has for changing the world by making the
Internet accessible everywhere. Batelle, John. (2015).
Team Oriented
 |
| Pua Khein Seng |
From Oxford dictionary, team means a group of people who work together at a particular job and oriented means tailor or adapt something to specified circumstances. Team oriented also can be said as teamwork.
For example, Pua Khein Seng. He is regarded as
“Father of Pendrive” in Malaysia. Pua Khein Seng is part of a team which
consists of 5 members, which included two Malaysians, two Taiwanese and one
from Macau, who in 2000 founded Phison which is the Taiwan-based flash
controllers original design manufacturer. In 2012, Phison set up a research and
development (R&D) centre, with a staff of eight at the Bayan Lepas
Industrial Estate in Penang. In 2000, when he was 26 that Pua Khein Seng formed
the company with his team in Taiwan, coming up a year later with the first
single chip USB flash controller, which manages of how data flows from a USB
drive to and from the computer.
During their university days, Pua Khein Seng signed
up as a researcher with a professor of his on a programme that was developing
NAND flash technologies controller for flash drives. In the course of the
research programme, Pua Khein Seng met his business partner which would take
his working life down a path different from the one he had in mind. The five
together became the core technicians in Feiya Technology Corp-FTC, a company in
the campus which was cooperating with universities in research work on flash
technologies and eventually succeeded in helping to develop a workable compact flash
controller during the programme and then they had experienced a lot of
unpleasant things with the company. So, Pua Khein Seng and his partner decided
to strike out on their own. In September 2000, they merged with Phison, which
basically is mean “five persons”, raising money from their own savings, with
some contribution from their 12-strong workforce and other investors. They
managed to raise US$1mil by themselves successfully then proceeded to rent a
648 sq ft basement space from the Industrial Technology Research Institute
(ITRI) Incubation Centre in Hsinchu, Miaoli, Taiwan by October of 2000. Later,
they received a request to design a USB flash drive, and that was when they
started to turn a profit and this incident has attracted the attention of their
previous employer, FTC, which sued them for breaking the contract among other
things, based on the non-competition agreement they had signed previously. Pua
Khein Seng and his partner made it a practice to authority what the company
designed right after that incident happened. Phison spent about US$66,000 a
month on patents from 2008 onwards, and has increased the figure to about
US$100,000 a month since early this year. Now, Phison success and has an export
market that covers the US, Europe, Japan and China. (HOOI, 2015)
Open Culture
 |
| Stan Shih |
''Open Culture '' means concept by which knowledge should be share through others freely and growth must come from the developing world without being bound to the rules relating to the protection of the law intellectual property, on the basis of partnership and cooperation.
Stan Shih, the founder of Acer Group and returned as
chairman in November 2013. Stan Shih awarded as “60 years of Asian Heroes”. He
approach turned Taiwan PC-manufacturing powerhouse in the year of 2006. By
raising the majority of funds invested by the staff can help Acer to grow
rapidly from the tangible assets; for intangible assets, from the point of
view, which is highly centripetal force and close colleagues combined strength
of the company and colleagues, is the corporate culture, said by Stan Shih.
Furthermore, despite the tremendous problems and
losses that Stan Shih sufferer, he always looked forward and never remained
stuck with his problems. At an interview where he was asked about that why did
he chose to come back even after this loss and what he answered, "At some
point, you have to retire but the main reason I came back was my personal
social responsibility, not because of my investment”. There were so many shareholders,
numerous employees and partners under Acer.
As an open culture entrepreneur, “Stan Shih never
force you to do anything that you are unwilling to do unless you agree with it
or is willing to do so” said by Huang Shaohua the Vice President of Acer. Moreover,
Shih said “ Acer starting from collective entrepreneurship to promote employees
who shares there is a very important intention is, I want my colleagues to
know, although I was ‘leading’, but not the boss, everyone and I are all guys”
This is the key of Acer to build trust
basis. (Kirby, 2002).
Failure is an option
 |
| Colonel Harland Sanders |
Most successful entrepreneurs think failure is a process, challenges and steps to succeed in business. This is because they can learn from the failure and fix the mistakes that they made.
Examples of successful
entrepreneurs is Colonel Harland Sanders. He is the founder of Kentucky Fried
Chicken (KFC). He was born on 9th September 1890 in Indiana, United States. At
the age of 65, he began to build the KFC business. But before he managed to
establish the KFC, he has been using his nine years to enhance the chicken with
11 herbs and spices. In addition, he also uses a "pressure cooker" to
cook more quickly than normal frying.
He went to the
restaurants to offer the reception of chickens in 1952. However, more than
1,000 restaurants rejected the reception offered by him. He had heard the word
"No" of 1009 times before the first time he heard the word
"Yes".
Now, KFC has more than
18,000 branches spread across 210 countries with an income of 15 million
dollars per year.
In conclusion, from
Colonel Harland Sanders, we can see the failure is one way to succeed. Winners
are not those who never fail but they are never give up.
Networked
 |
| Jack Ma |
Entrepreneur network refers to all relationships
that exist and are maintained by an entrepreneur with people around them for
mutual benefit. Entrepreneur network is divided into several types, namely
private networks, public networks and business networks.
Founder of Alibaba.com, Jack Ma is
the entrepreneur that has an extensive network. This is proved when he decided
to create a "homepage" for China in the Internet. His family members
are willing to lend him money as capital. Family members showed fully support
even though they do not know what is the Internet and the "homepage".
In 1995, he needed a capital of RMB20 thousand to start his Internet business.
He spent his savings of RMB6.5 million and get a loan of RMB13.5 thousand from
his family members. This has proved that Jack Ma has a good private network.
After getting their
money, Jack Ma set up an Internet business company. With the help of his
friend, he sent the manuscript to the newspaper, China Trade News and get
support from Deputy Editor, Shun Yan Jun of the company. With the help of Shun
Yan Jun, Jack Ma get the chance to explain the Internet. With the help of his
friend, he got the chance one by one to develop his Internet business.
Therefore, he always
give talk and advise people to not only focus on strategies to maximum the profits,
but they also need to build their own social networks. This is because, network
allows a person to obtain help and support in a timely manner, regardless of
mental, physical or financial.
Proactive
 |
| Tan Sri Dato Sri Lim Goh Tong |
A
person who has proactive trait is able to take charge, launches new
initiatives, generates constructive change, and leads in a proactive fashion.
They issue head-on and works for constructive reform. To be proactive is to
change things, in an intended direction, for the better. Proactive trait distinguishes
individuals from the pack, and organizations from the rest of the marketplace.
Proactive
involves creating change, not only 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, personality trait that is not proactive includes sitting back,
letting others try to make things happen, and passively hoping that externally
imposed change "works out okay."
People
engage in many actions that can bring about change. But not all of them are
truly proactive. First, change can be evoked unintentionally, for a negative as
well as a positive outcome. This is not a proactive trait. Second, people can
engage in cognitive restructuring by psychologically reframing or
reinterpreting situations. This can be useful and beneficial, as when a threat
is reconstrued as an opportunity, or a situation of high stress is viewed as
controllable. It can also be detrimental, as when managers deny the existence
of real problems or convince themselves of the viability of an untenable
strategy. This, too, is not a proactive trait, because it changes perceptions
without changing reality.
Third,
people can make conscious decisions to leave and enter situations, as when they
take a new job, make acquisition or divestment decisions, or enter new markets.
This is a form of a proactive trait, it places people and firms in different
environments. Fourth, the most important here is people can intentionally and
directly change things through the creation of new circumstances, or the active
alteration of current ones. This is what is meant by true proactive trait
(Bateman, T. & Crant, J. , 2016).
One
example of a successful entrepreneur and has one of the proactive traits of the
characters that should be owned by an entrepreneur is Tan Sri Dato Sri Lim Goh
Tong. Tan Sri Dato Sri Lim Goh Tong (1918 - 2007) was a Malaysian Chinese
businessman, renowned for his development of Genting Highlands, one of the most
successful casino resorts in the world. With an estimated net worth of US$4.3
billion, he was at one time the third richest man in Malaysia and the 204th
richest person in Forbes' list of billionaires in 2006.
He born in Anxi in Fujian province,
Lim was the fifth of seven children. He migrated to Malaya, as Malaysia was
then known, in 1937 at age 19 with only a suitcase and $175 in his pocket.
The proactive idea of building a
hilltop resort was first perceived when Lim Goh Tong was having a dinner in
Cameron Highlands. As he was enjoying the calm cool breeze of Cameron
Highlands, an idea slugs him that as the standard of living rises steadily in
Malaysia, more and more people would visit mountain resorts for recreation and
relaxation, but Cameron Highlands was quite far away from Kuala Lumpur, thus
building a mountain resort nearer to Kuala Lumpur might have great business
potential.
Since the opening of the first hotel
in 1971, Genting Highlands Resort continued to grow from stronger and stronger.
The development activity continued until today to enhance Genting Highlands
Resort as a premier holiday destination while assuring that the natural beauty
of the rainforest is maintained. To date, Genting Highlands Resort has five
hotels.
Genting has authorized the only
casino license after Tunku Abdul Rahman, the prime minister of Malaysia,
visited Genting Highlands and praised Lim's effort to develop a resort
contributing to Malaysia's tourism industry without the helping of government.
As of now, Genting Highlands is one of the most successful casino resorts in
the world.
In
1997, Genting Highlands Resort further improved its facility attraction with
Genting Skyway cable car system that supports a 3.38 km transport to the
hilltop. Genting Skyway is also known as the "World's Fastest Mono Cable
Car System" with a maximum speed of 21.6 km per hour and the "Longest
Cable Car in Malaysia and Southeast Asia".
Nowadays, the Genting Group has
since diversified into properties, plantations, power generation, paper
manufacturing oil, and gas. It consists five listed companies with a combined
total market capitalization of more than $22 billion. Genting has also
developed casinos and resorts in Australia and the Philippines.
Lim is the entrepreneur who has
proactive triat in building a mountain resort which names Genting Highland. The
whole life of Lim is committed to continuing to develop and further expand
Genting Highlands from its original idea until he handed over his chairmanship
of Genting Group over his son. Lim died at the age of 90 in Subang Jaya in
October 2007 leaving behind a diverse business empire worth $22 billion.
 |
| Gordon Moore |
In
the view of business perspective, outcome oriented means when the entrepreneur
has an idea to make something, they will keep going to make sure it will
success no matter how many obstacles in front of them. Why have they such great
stamina to make new things happen? It is because they possess extraordinary
clarity on the outcome.
The
entrepreneur who has outcome oriented trait in their mindset, they will have a
plan to define clearly on what they wanted to do. They would like to stop and
thought about their life, and they will keep continuing to accomplish what they
need to do and this will give them the drive to see the task that has been done
all the way to its outcome.
Gordon Moore is a man who experiences explain
the words outcome oriented completely. Moore comes from America, and he born on
January 3,1929. He is also Chairman Emeritus of Intel Corporation. Intel
business a business that creates apparel as the microchip. He did everything he
could to succeed. Moore is a typical outcome oriented entrepreneur.
He has the main goal of opening the microchip
companies for computer use. However, many of the challenges faced by him to
become entrepreneurs. One of the challenges is, he has worked with a man who
managed to create transistors and he was known as William Shockley.
He decided to leave the company and do not want
to work with Shockley because he grew unhappy with
the Shockley company’s management. He and Robert Noyce decided to branch out on
their own to make semiconductors. He did not give up and keep trying until he
met an owner of a large company in New York. Moore has proposed to collaborate
with Fairchild in producing quality chips. Finally, the proposal was accepted
by Fairchild. Therefore, they opened a new division of the Semiconductor
division. By July of 1968 Moore
and Noyce had formed a new semiconductor company, which they called Intel.
Based on this situation we can see that Moore was doing things based on the
goal.
In addition, he also created a variety of
microchips to be supplied to the company lay like Apple, Samsung, Sony and
others. It is because he thinks the decision is empowered to become suppliers
to the company this is it wise as free helps in increasing technology can be
used by all peoples and nations.
Open Risk Taker
 |
| Vivy Yusof |
According to business dictionary, risk taker is an individual or business that tends to behave in a way that can potentially cause physical harm or financial loss but might also present an opportunity for a rewarding outcome. Most business types that thrive on innovation will encourage a risk taker mentality among management to help support the creative process in other staff members. To be a successful entrepreneur, one should have this kind of quality to maximize profit and to ensure that the company will always grows up. Vivy Yusof, Malaysia entrepreneur, is one of example of risk taker.
Vivy Yusuf, the brain behind
FashionValet and Duck, co-founded her online fashion site FashionValet.com with
Fadza Anuar, her husband. The site is the first Malaysian multi-label fashion
e-commerce site that delivers value by selecting the best local brands for
customers. With capital of RM100,000 it was started with only 10 local brands
in 2010. Currently, the company has almost 100 backbones and stocks more than
400 brands across Southeast Asia.
It is important to know that Vivy
Yusuf and her husband do not have any education background related to business
or e-commerce. She studied law while her husband studied Aeronautical
Engineering in the United Kingdom (UK). However, they took the risk to do
everything from scratch unlike any other successful entrepreneurs who already
own business related education background or their families might be already
involved in the business scene. It is relatively difficult for people to start
up this kind of big scale business providing that they do not have business
education background because there is always a risk for them to be failure if
they did it they wrong way. Nevertheless, Vivy saw the idea of e-commerce more
as the opportunity so she became a risk taker instead.
Since, they had to start everything
from scratch, things had got a little bit more riskier when they can only
initiated it with the capital size of RM100,000, quite a small number compared
to the other e-commerce stores who spend the same figures monthly merely on
marketing purposes. Most of the capital went to rental or renovation of their
office and warehouse while a small portion went to the marketing. It is known
that for the first few months they did not take salary untill the company can
stand strongly. Vivy believed with her idea of creating this fashion site that
will give her an optimum returns eventhough there is always possibilites for
her to become a failure. Thus, she did not mind going through the hardship and
take that risk to start her business with a relatively small capital anyway.
As we can see now, Fashion Valet is one of the
websites that most people talk about recently. The business is deemed as the
Asian’s leading fashion website with more than 400 local brands across
Southeast Asia and 100 co-workers.Vivy might not have realised that the company
she started 6 years ago would grow into this size if she did not take the risk
started the business with
a small capital plus
without a business related academic
background like any other entrepreneurs did.
 |
| Travis Kalanick |
One quality that every successful
entrepreneur has is observant. According to Oxford Learner’s Dictionaries,
observant is defined as good at noticing things around a person. In the context
of entrepreneurship, ones should be aware of the problems faced or anything
which is lacking in a society. This awareness will lead to the entrepreneur to
think of a solution by producing things or services that the society needs. In
other words, an observant entrepreneur always look for market opportunities in
a society in order to maximize his gains or profits.
Uber technologies Inc. is an example of
company that shows its founder is observant. Uber’s founder, Travis Kalanick
found that people in America need car like taxi but in cheaper price to move
from one place to another. Consumers now have another alternatives besides
regulated taxi cab companies and other types of transportation. Consumers might
choose Uber as Uber provide drivers with flexible and independent jobs.
Besides, Uber produces some facilities through social media.
Nowadays, all information is just at
fingertips. People who lives in urbanisation would have their own smartphone.
So, Travis Kalanick produces a social network that could be easier for the
users to track the Ubers’ drivers for picking them up and the application will
help them to know when the car will arrive. If the user wish to use the
service, they could book the car and the receipt will be automatically sent via
email.
Uber does not require any protocol or rules
like taxi and others transportation form did. This will make the Ubers’ drivers
more easily pick up customers in suburban area. “Uber helps the poor by making
it easier for them to get a taxi”, said Blooming Review as for this reason.
This shows that Uber’s founder is observant as he noticed people who lived in
suburban area also need car to move to any places they would like to. There is
also study showed that having Uber in a city could reduce drunk driving rates
but a new study by Washington Post rejects this claim.
