Growth in the Malaysian economy is anticipated to be around 4.7% in
2016. This may appear somewhat encouraging but in reality the expected terrain
within which the economy will grow is somewhat gloomy.
It has been estimated that in 2015 alone, more than 20,000 employees
from various sectors in Malaysia lost their jobs, an increase of almost 10,000
recorded in 2014. The Malaysian Employers Federation, MEF expects the numbers
in 2016 to rise as the economy, which is closely linked to revenues from the
oil and gas sector continues its descend. Things have reached a stage where the
Government itself have frozen intake of public sector employees in 2015, except
for critical positions.This means a loss of 15,000 job opportunities in the
public sector.
The immediate concern now is how to provide job opportunities
to the growing number of people who find themselves unemployed. If left
unaddressed, this problem can have serious spillover effects on further
curtailment of economic recovery due to suppressed internal consumption of
goods and services offered.
The way forward is to intensify efforts at promoting the
development and sustenance of an entrepreneurial culture in Malaysia. The
realization among the unemployed that that their future now lies in their hands
has to set in. The days of working for an employer for a fixed wage are gone.
Under the present circumstances, the cultivation of an entrepreneurial mindset
and persistence in seeking out successful products and services will unlock the
huge untapped opportunities that technology presents itself.
Managementconsulting firms in Malaysia needs to reassess their priorities and
view the emergence of entrepreneurial growth as an opportunity for their own
survival. They should cast aside their predisposition to provide consulting
services only within their domain of expertise and identify how to navigate
this emerging need of new breed entrepreneurs towards success. They should
invest time and efforts in helping entrepreneurial skills develop and flourish.
Entrepreneurial skills center around attitudes (soft
skills), such as persistence, networking and self-confidence on the one hand
and enabling skills (hard skills) on the other hand, including basic start- up
knowledge, business planning, financial literacy and managerial skills. By
contributing in whatever way they can, management consulting firms can help
considerably in developing these entrepreneurial competencies and skills, which
are transferable and beneficial in many work contexts. The aim is not only to
strengthen the capacity and desire of more individuals to start their own
enterprises, but also to develop an entrepreneurial culture in society.
Sharma Management International, as a responsible Management
consulting firm in Malaysia aims to garner support from relevant stakeholders
in its effort to develop entrepreneurial skills in Malaysia. What it plans to
do is to
1.
Encourage retrenched employees to seek opportunities as
entrepreneurs in technology based industries by identifying suitable
technologies that provide opportunities for the Malaysia.
2.
Educate and equip potential and early stage entrepreneurs in the
areas of
a.
Management Development Program (MDP)
b.
Entrepreneurship Development program (EDP)
c.
Technical Skills Development Program (TSDP)
d.
Stakeholder
Management
Skills Development Program (SMSDP)
3.
Connect entrepreneurs to mentors, venture capitalist and
entrepreneurial incubators to maintain the continuity of entrepreneurial
development in Malaysia.
Hopefully
Sharma Management International will be able to spearhead the concept of
entrepreneurial consulting for potential and new entrepreneurs and in the
process better the lives of people affected by the economic turmoil we are all
in.
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