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 it’s 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 afixed wage is 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.
Management consulting firms inMalaysia 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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