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Entrepreneurship In Public Education

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Contents INTRODUCTION TO ENTREPRENUERSHIP 2 INTRODUCTION TO HIGHER EDUCATION IN THE PUBLIC MARKET 2 THE ISSUES FACING ENTREPRENEURS IN THE HIGHER EDUCATION SECTOR. 3 FACTORS THAT WILL INFLUENCE THE PROFITABILITY OF NEW VENTURES SUCCESS IN THE HIGHER EDUCTAION MARKET 6 CONCLUSION 7 References 8 INTRODUCTION TO ENTREPRENUERSHIP Entrepreneurship is the key driver of a dynamic organization and includes the acknowledgement and assessment of opportunities, where that increasing the value of a product or service that already exists or creating mass markets with innovation. Entrepreneurship includes creating or finding new ideas or opportunities to create value, regardless of whether it's financial, social, or even political – …show more content…

Examples of government incentives are lower or several years of tax exemption as well as donations from charity organizations. Private institutions have also tapped the domestic capital market for funding, selling stocks in their companies. These institutions play a significant role in fulfilling the needs of higher education for the local and international students. All private institutions must be licensed by the Ministry of Higher Education in order to operate and conduct courses legally. Entrepreneurs looking into entering the private higher education market will have to deal with policies, tax, financial aid and support from the …show more content…

One factor that will influence new ventures success is the affordability to study in Malaysia compared to countries like the USA, UK, and Australia etc. Other important factors to focus on is the number of higher education institute’s that offer foreign degrees and their prices. Politics can also greatly affect new ventures success. Students will divert their interest studying in a country that is unstable. CONCLUSION When entering the private higher education industry there are plenty of factors that have to be looked into. Some of which are the same as any other industry, example the cost of land, raw materials etc. Other factors entrepreneurs must look at are Political, social, Economical, technological, legal and environmental. These factors are particularly important as education is one of the most invested in industries and is of great importance. It is learned that MQA influences the higher education sector greatly and is one of the major drawbacks in Malaysian

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