General Information

Teaching Faculty: Muhammad Ejaz Tayab

 
Email Address: muhammad.ejaz@pafkiet.edu.pk

Counseling : For online on whatsapp group

For offline, see my schedule, 2nd Floor,
Avionics Faculty Room
 Muhammad Ejaz Tayab
muhammad.ejaz@pafkiet.edu.pk, EjazTayab on LinkedIN

 BE, Computer Systems, NED University, Pakistan

 MSEE, Western Michigan University, USA
 Autobar Private Limited – co-founder and now Consultant
 Industry experience – Telecom & Supply Chain IT – 20 years (CSCP)
 Assistant Professor at PAF-KIET
 Visiting Faculty & Researcher @ SZABIST
 Research Team Member – IBA (WSN-RFID)
 Interests: AutoIDs, Supply Chain IT, Telecom, LBS/RTLS, IoT, Data
Analytics, traveling, Religion, Cricket
 KIET IoT Club - KIoTclub.wordpress.com - FB (250+) Join us + Meetup
 KIETgoHigher - KIET students group (alumni + existing) on LinkedIN
 TIBIC – Technology Innovation and Business Incubation Centre
Course Material

Online:

LMS

Offline:
 \\paf3\EjazTayab\Technology Entrepreneurship\
within University access only
Course Outline
Entrepreneurship meaning
 French – Undertake (Ownership)

 Someone who starts their own business, especially when this

involves seeing a new opportunity – Cambridge Dictionary.

 a person who starts a business and is willing to risk loss in

order to make money – Merriam Webster.

 Entrepreneurship has traditionally been defined as the process

of designing, launching and running a new business, which
typically begins as a small business, such as a startup
company, offering a product, process or service for sale or
hire – Wiki
…
…
 OUR definition of entrepreneur
 “A person who undertakes a mission (objective,
goal) innovatively under uncertainty with calculated
risk, knowledge, build resources and sustain with
inner and outer true qualities.”
Ejaz Tayab

e with circle depicts an entrepreneur is an all-

rounder and cap shows he is knowledgeable
 Why Entrepreneurship?
 Off the track? Different? Standout?
 Own boss?, Easy Life?
 Less Jobs? (Forced)
 Quick Rich? (Mostly – deceiving statistics)
 Thrive in taking risk?
 Innovator?
 HELP HUMANITY????
Types of Entrepreneurship?
 Social
 Political
 Knowledge
 Trading
 Manufacturing
 Agricultural 
 Intra
 Inter, …
 Technology Entrepreneurship
 Entrepreneurial Mindset

The most important aspect

 Focused on GOAL!
 Business Oriented
 Create business genes
 Hobby, passion, involvement
 Who is an entrepreneur?
1. Confident 15. Intelligent 29. Opportunist
2. Perseverant 16. Orientation to clear goals 30. Pleasant personality
3. Energetic 17. Positive response to 31. Egotism
4. Resourceful challenges
32. Courageous
5. Calculated risk taker 18. Independent
33. Imagination
19. Responsiveness to
6. Dynamic 34. Toleration of
suggestions and criticism
7. Optimist ambiguity
20. Time competent, efficient
8. Achiever 35. Aggressiveness
21. Ability to make decisions
9. Versatile quickly 36. Capacity for
enjoyment
10. knowledge able of product, 22. Responsible
market, machinery, 37. Valuable
technology… 23. Foresighted
38. Committed
24. Mature, balance
11. Creative 39. Ability to trust
25. Cooperative workers
12. Influencer
13. Team Player 26. Profit oriented, Goal focus 40. Sensitivity to others
14. Initiator 27. Ability to learn from 41. Honest, has integrity
mistakes
15. Flexible 42. Leader
28. Sense of power
 Importance ?
 Localized Solution - Betterment for Local People
 Catalyst for economic change and growth
 Efficiency – reduce waste
 Reduce unemployment
 Healthy indirect competition
 Philanthropy - Welfare – better culture
 Diversification for Investors
 Innovation culture
Opportunity
Ten myths of entrepreneurship
Kuratko and Hodgetts (2004)
…
…
 Importance ?

In 1995, the Malaysian government incorporated the Ministry of

Entrepreneurship Development as a specific body to manage and
promote the growth of entrepreneurship in Malaysia.

Texas, USA encouraged business (low tax rate) for quite some time
and now Austin is mushrooming with entrepreneurs – Silicon Hill.
In the United States, the Small Business Administration (SBA) helps
entrepreneurs get funds by guaranteeing loans. Banks and other
lenders that participate in SBA programs often relax strict loan
requirements because the government has promised repayment if the
borrower defaults.
 Entrepreneurship & Pakistan: Only 7%

 large consumer market (6th in world population) - Around

40 million literate consumers
 Lack of Ent knowledge
 Poor Infrastructure
 Govt is way behind
 HEC ORIC – PAFKIET TIBIC
 Private sectors are coming up with
Incubators/Accelerators
 Low competition
 Many local problems so Many Opportunities
Incubators/Accelerators in Pakistan
 Conventional Path Vs Path
High School  University  Job in a Company  Big
Organization  Retire (Consultancy)

High School  University  Venture  Grow Venture  Retire

High School  University  Venture  IPO  Big Venture 

IPO  More Bigger Ventures  Never really retires

High School  University  Practical Experience  Management

Training  Well Managed, High Growth Firm  Knowledge
Startup Venture  More Startups  Venture Capital or Angel
Investor  Never really retires
 Activity:

 Create CV on LinkedIN
 You may join KIETgoHIGHER

 Go through www.amazingpakistanis.com

(entrepreneurs)
 Assignment 1: CLO_1
(Deadline: Oct 4th 2020
 Form Groups (3 persons). This group will last for the entire
semester and we will do activities as we proceed theory.
 Visit assigned Incubators online and write a report with:
 Get info: Name, address, facilities they provide, activities, past
startups, about one startup you liked.
 Call them or email them and ask: What benefit/incentive they get,
number of years served, their remarks/thoughts on Pakistan
entrepreneurship, their suggestions for you, crowd funding in
Pakistan, TIBIC – University Industry Collaboration.
 Discussion in online class
 Points to Ponder:
Entrepreneurship?
Abdul Sattar Edhi, Ansar Burney, Bill Gates, Seema Aziz,
McDonald, Agha Hasan Abdi, UAE King, Hanif Rajput, ……
Ownership, Innovators, Knowledge
Entrepreneurs are the heroes of today’s marketplace. They
innovate ventures, create jobs at a breathtaking pace and grow
our economy and builds a better world for us. They challenge the
unknown and continuously create the future.

Better World – Better Economy – More Welfare – Efficient World

KEY: Expert & Trustworthy – Benefit to Humanity, Rest follows