Technology Entrepreneurship in Malaysia

Technology Entrepreneurship in Malaysia INTRODUCTION Technology entrepreneurship is a recent field which has its roots in the now established field of entrepreneurship. The aims is to study the specificities of entrepreneurial activities in technology-intensive environments. Thus the technoprenuer is different form the entrepreneurship because needs the understanding of the concept of technological opportunity seen as an anticipated profitable business so as to enable researchers and practitioners to develop procedural knowledge. Moreover, technopreneur seems to involve both high potential future profits and high uncertainty which means have been implemented the creation and early growth of high tech ventures. The lack of funding and support are sort being discuss in the technology-based industry, so an example Cradle Fund Sdn Bhd is an agency under the Ministry of Finance, Malaysia, has their own objective to support and provide an ecosystem that help the technology entrepreneur. Through their program to initiate as the provider of the early stage funding that innovate and aspiring the technology-based entrepreneur by encourage, support, stimulate and nurture the development of Malaysian entrepreneurship in high growth technology industries and the generation of ideas for an innovative knowledge-based society and economy. We can see the success that have been achieved, for example, The Unified Alert Messaging System, which has achieved sales of above RM100,000 and is expanding its market overseas, is designed for ease of use by both small and medium sized businesses and corporations. According to Jeffrey Tan, the leader of the team that developed the Unified Alert Messaging System, an enterprise-level unified alert messaging system that grew from the WebNiche UAM (WebNiche Unified Alert Messaging) says the innovation is a natural extension of their business model. Tan says their first project provided unified communications services to SMEs, where they noticed a lot more potential if they could move up the value chain to offer hosted contact center solutions to corporations and public sectors. Those example should encourage the young technopreneur to more success and generate more idea to overlapping the advancement of the technology industry. FINDINGS The call for the Malaysian society to be a highly-technocratic one is not a new idea. In his Vision 2020 working paper in 1991, former premier Tun Dr Mahathir Mohamad highlighted the need to establish ‘a scientific and progressive society’ as the sixth challenge out of nine outlined in the national agenda. In Budget 2011 tabled by Prime Minister Datuk Seri Najib Tun Razak last year, the government would provide the ‘Entrepreneurship Enhancement Training Program to train 500 new technopreneurs and attract more investors. Additionally, the Malaysian Technology Development Corporation (MTDC) would be provided with a startup fund amounting to RM100 million to furnish soft loans that allowed loan repayments only after companies had generated income. Obviously, the government wanted to see more technopreneurs running the small and medium enterprises (SMEs) in the country. â€Å"SMEs had to grow at about 8.5 per cent annually in order to contribute about 41 percent to Malaysia’s gross domestic product (GDP) by 2020,† stated SME Corporation Malaysia’s (SME Corp) chief executive officer Datuk Hafsah Hashim recently. As futuristic as it may sound, a technopreneur is basically an entrepreneur with both business and technical training background or one who applies technology and innovation as the business core operating model. In Malaysia, this branch of enterprise is usually represented by ICT and multimedia SMEs, either at seed level or already over the startup stage. According to Bank Negara Malaysia, a general definition of an SME refers to an enterprise with shareholders’ funds of less than RM10 million. On the other hand, SME Corp stated that an enterprise that generated an annual sales turnover not exceeding RM25 million and with full time employees not exceeding 150 people was considered an SME. â€Å"Its contribution to the country’s economy remains significant,† stated SME Corp’s Hafsah. The Technopreneurs Association of Malaysia â€Å"TeAM† has been formed by a group of Malaysian Technopreneurs to further the interests of Technopreneurs and to assist in the development of the technology based industry in Malaysia. Membership to TeAM is open to all individuals related to technology industry in Malaysia. Membership to TeAM is divided into 3 types namely, Member, Honorary Member and Student Member. Since its founding, TeAM’s efforts in accelerating the adoption, growth and development of the ICT industry in Malaysia has resulted in a number of successful key initiatives such as the Cradle Investment Programme (CIP), Excite the Entrepreneur Programme, TeAM Clinic, Malayisan ICT Trade Directory (with Matrade), MSC Global Technopreneur Forum 2004 (with MDeC formerly known as MDC) among others.At the same time, TeAM takes an active role in fostering ICT development efforts in support of initiatives by the Government of Malaysia to make Malaysia a major ICT and Biotechnology player in the region. TeAM annually participates in the Malaysian Government’s annual budget dialogue and proposed ideas and initiatives to enhance the technopreneur sector in the country. IMPACT AND INFLUENCES Malaysian technopreneurs are likely to face an uphill climb growing their businesses this year due to several ongoing challenges, say industry observers. The lack of seed-stage funding, slowdown in global economy, shortage of innovative ideas and absence of relevant skillsets, will hinder the countrys tech entrepreneurs expansion plans this year. Cradle Fund CEO Nazrin Hassan said there is still a gap, commonly known as go-to- market funding, which exists for companies between the pre-seed and seed stage of commercialization. Established in 2003 by the Malaysian government under the auspices of the Ministry of Finance, Cradle provides pre-seed funding and advice to Malaysian technopreneurs. Deepening and expanding market access for local technopreneurs to secure deals and contracts still remain a major challenge, be it locally or overseas, said Nazrin, who is also the former president of the Technopreneur Association of Malaysia (TeAM). He noted that about 80 percent of local technopreneurs are at the early stage of development, but many of them cannot grow further due to the lack of funds. There is a gap that exists between the pre-seed and seed stage of funding, he explained. Pre-seed funds only help technopreneurs to develop their ideas, but good ideas will need a bridge to get to the next level. Nazrin said. According to Michael Ta, CEO of the FSBM Groups multimedia arm, technopreneurship in Malaysia is often about positioning the right people, in the right places to secure a project. This is why many local technopreneurs only do well in Malaysia but not when they are pitted against the other players in the world arena, Ta told ZDNet Asia in an e-mail interview. The Malaysian IT services company has made inroads in China with Java- based mobile applications. According to Deputy Minister of International Trade and Industry (MITI), â€Å"The Malaysian government has consistently urged the SMEs and the industries to innovate and utilize technology and ICT solutions to remains competitive as a way of charting a new path out of the present global economic turmoil†. He also added that ICT industry is the main pillars of the Malaysian economy and the New Economic Model (NEM). He also stressed that the development of the local entrepreneur were the crucial to position Malaysia as a developed status nation by 2020. He also mention that the SME should adopt the abundance enterprise software as a management tools, content and data delivery mechanism to increase their efficiency and effectiveness. DISCUSSION Technology industry is still in early stage in Malaysia and still in developing. The government should give huge essential toward the technology industrial because it can generate tremendous profit and growth of economic. Our product are still in the in research and try to penetrate the market as well try to fit in the technology advancement. According to this issue Malaysia still lack knowledge and funding compare to Japan and Korea that mostly have full facilities and high technology. Multimedia Development Corporation (MDeC), the custodian of the Multimedia Super Corridor Malaysia (MSC Malaysia) initiative, launched the ‘Icon2 – Second MSC Malaysia Integrated Content Development Program’, the sequel of the first content development program. Similarly to its predecessor, Icon2 would furnish local developers with the skills and means including the startup capital to create content-based products. The program was also initiated to provide a platform for the younger generation to play an active role in the country’s transformation into a fully-digital economy, following the target outlined in the Economic Transformation Program (ETP). Furthermore, Malaysia still lack of training and expertise in the development of the technology. Lack of conventional training and support also become barrier to development of industrial-based technology, there for the youth generation should have early exposure regards technology as we can generate more technpreneurs in the future that can globalize the Malaysian towards technology. Last but not least, developing THE Technopreneur Center (TEC) to play the role of an information Center that spreads information about technopreneur development and commercializing technology. TEC will create a synergy with activities that is being organized by other units in the university and any place of study. RECOMMENDATIONS First of all, the technopreneur flagship should have their own representative on their committees entrepreneur that have involve in the technology industry. To make sure this can encourage more technopreneur show their interest efficiently represented and the more representative should be extended in the flagship application. Therefore the MSC should success to ensure that broadband access are available nationwide, which means allow ICT companies enjoy pioneer status and tax incentives. Next, Malaysia need showcase locally breed technopreneur winner. Aside from the publicity, Malaysia should highlight the viable ICT business environment to foreign investors. By these the government should introduce sponsored programmes on the development that aims and sharpen the new technopreneur business skills, this will facilitate buyers to sources for expertise among technopreneur. The government also need playing field by channeling the bidding of some government contracts to certain classes of startup companies while excluding establish companies, this will show the government act as catalyst. Moreover, technopreneur need to be more resourceful and exhaust all available sources of fund before seeking institutional funds. Friends and families intend to invest in the early stages. There is agency that help the technopreneur to understand ICT and promote funds to the industries, such as TeAM or any others government agencies. They also need to create their own forum to match international financiers with Malaysian ICT companies. By establishing a virtual web forum to aggregate and promote Malaysian business can be interest the investor that can cause an impact. They also should create an one stop agency that assist technopreneur to apply for various grants and other government aids. Furthermore, technopreneur should work together with existing development authorities in traditional sectors such as Malaysian External Trade Development Corporation (MATRADE) and Malaysian embassies abroad to collectivity market local ICT companies. As ICT is enabling technology that transcends various industries to develop marketing channels into Malaysia. With this establish Malaysian sponsored exhibition booths at major international trade fairs where local technopreneurs can participate more affordably by sharing costs. As current government sponsored exhibits are not well publicized, that ensure these initiatives are communicates down all entrepreneurs Lastly, government should grants assist Malaysian companies to create the necessary software support infrastructure in foreign markets that may be shared with others Malaysian companies in pooled basis. For start, regional markets that are closer to Malaysia should be targeted. With the foreign competitor have better resources and marketing tools, local entrepreneur need to find a place that takes advantages of local expertise and product that have local comparative advantages. By all these we can develop more technopreneur in technology-based industry. CONCLUSION Technology-based industry has reached all corners of the world. There are a lot achievement and success have been made appeals to emotions and drive decisions. With numerous programmes set up by the government to develop ideas into products, all parties should team up to take these ideas to next stage of full commercialization. On the support provider’s side, the government and its respective agencies should promote these programmes more aggressively. On the recipients’ side, they should explore more which meant they must ask around, seek around and act. Prime Minister Najib summed it quite poignantly during the launch of the 23rd MSC Malaysia Implementation Council Meeting in October. â€Å"Do we want to just be achieving what is expected; or do we want to springboard ahead of the pack?†. Thus, government support is needed necessary, as the local technopreneurs are definitely not in the same league as other global technology-bases industry entrepreneurs. BIBLIOGRAPHY SHARIZA ABDULLAH  ON 27TH OCTOBER 2014 http://www.nef.org.my/v_2010/ Cradle 2014 http://www.cradle.com.my/2012/03/mobile-network-radio-optimisation-gis-tool-or-xeus/ TeAM 2014.http://www.team.net.my/ Borneopost.com http://www.rightsarawak.com/rightv2/subpressrelease/2011/11_Dec_2011-Technopreneurship_A_promising_call_for_the_unemployed.pdf Bernama.http://www.cruisegpssystems.com/index.php?option=com_contentview=articleid=90:malaysia-sme-mukhriz-technopreneurs-crucial-for-economic-growthca Mohd Abdullah Jusoh, Sultan Idris Education University, Malaysia Hazianti Abdul Halim, Sultan Idris Education University, Malaysia : Role of Technopreneurs in Malaysian Economic Abdul talib bon : NEW MODEL AND CONCEPT FOR TECHNOPRENEURSHIP STUDIES IN UNIVERSITY THROUGH EXCELLENCE CENTER Handbook of Research on Techno-Entrepreneurship : Franà §ois Thà ©rin Edwin Yapp, ZDNet Asia. Malaysian technopreneurs are likely to face an uphill climb growing their businesses this year due to several ongoing challenges, say industry observers.

History of Barbados :: Essays Papers

The island of Barbados was first inhabited by an Amerindian migrant group called the Saladoid-Barrancoid around 350 to 650 AD. Their ancestors are believed to be from the Orinoco Basin in South America. The Spanish were the first Europeans to land on the island in the sixteenth century and reported the Amerindian settlement. However, when the Portuguese explorer, Pedro a Campus landed there in 1536, he claimed that the island was uninhabited. The original inhabitants, the Saladoid-Barrancoid, spoke a language which later became known as Arawakan. They were considered to be skilled farmers and fisherman while also excelling in ceramic crafts. They traded throughout the Caribbean area, which is known because artifacts of the Saladiod-Barrancoid have been found not only on Barbados, but also on neighboring islands. The slave population of Barbados increased greatly between 1643 and 1666. In 1643 the island had 6,400 slaves, and by 1666 they had over 50,000. The wealth of the planter class on the island was becoming more evident. The prosperity of the sugar industry within Barbados lasted until the early 1700s. The island of Jamaica and some of the Leeward Islands gained prosperity within the sugar industry. The diminishing sugar industry within Barbados was most directly related to their soil, which began to wear out. Barbados also faced problems with insects and drought. The life of those who worked on the plantations was not good. They endured hot temperatures, disease, and were at the mercy of their master. On almost every sugar-producing island, the death rate was higher than the birth rate, and it was known that those that worked on the sugar producing islands were up for a much harsher life than those taken to places like North America. Since the slaves died too quickly to reproduce, the plantation owners were constantly forced to bring more slaves in.

The Prince Essay -- Essays Papers

The Prince The Prince by Niccolo Machiavelli provides an analysis on how to govern and maintain power in a principality. In the first five chapters, he defines the three ways a monarch can acquire his dominion: either he inherits it, whether he creates a new one, or annexes territories, and further discusses how to govern them. Machiavelli states that hereditary principalities are less problematic than the mixed ones since newly acquired dominion tend to be more rebellious. The ruler must therefore colonize them and allow citizen to keep their laws or annihilate the governmental structure. In order to illustrate his point, he analyses the success of Alexander the Great conquest in Iran. He then considers five possible ways to acquire power and become a prince (Ch. VI-XI). First, a private citizen can become a ruler due to his own qualities or virtues, like Cyrus or Romulus. A second way to become a ruler is through other’s power or favor. Hence a man like Cesare Borgia gained power due to his father support, but lost it when the latter died. For Machiavelli, getting power so quickly can be dangerous since the new monarch might lack knowledge on how to govern. In the third case, he uses the example of Agathocles of Sicily to illustrate power gained through murders. In his opinion, the conqueror must decide if his crimes will help him establish power and then commit them all at once so that he can later reestablish the confidence of his subjects. The fourth method is called civil principality, people basically choose the ruler, and this enables him to maintain power. The last possibility is to be elected pope and Machiavelli provides a brief overview of the religious order. Next, he explores (Ch. XII- XIV) which arms are best to defend a principality and states that a ruler can chose to use â€Å"his own, or mercenaries, or auxiliaries or a mixture of all three.† From Chapter XV throughout Chapter XIX, Machiavelli proposes to describe how a prince should behave and tells the truth about surviving as a monarch, rather than recommending moral ideals. He describes the virtues commonly assimilated with a prince and concludes that some "virtues" will lead to a prince's destruction, whereas some "vices" will enable him to survive. He describes the advantages of being generous or greedy, merciful or severe, deceitful or honest. Machiavelli... ...d not suffer from bad consequences on the long run. On the other hand, the Exxon-Valdez oil-spill case is an example of deceptive PR. Indeed, not much was done for the Alaskan community and the corporation ended up being perceived in a very negative way by the general public. These two crisis communication cases show that people and mechanisms of power have things in common with Machiavelli’s times, but society has become less tolerant of evil strategies. Rulers or corporations still have the means to deceive, but people are no longer subject to an authority considered divine. Therefore, the ones who govern are exposed to feedback and can hardly avoid the consequences of their acts. A counter example, of course, would be the one of President Clinton as he voluntarily lied in court about his relation with Monica Lewinsky. He put on the face of virtue to deceive his citizens and in so doing manipulated the perception they had of him. In fact, Clinton’s communication specialists probably advised him to use this strategy, which follow the Machiavellian precepts. Although power might not exactly be the same anymore, principles on human natures are constant throughout time.

Penguins :: essays research papers

Myopic little men in tuxedos, or highly efficient land/water animals? Recent research indicates there's more to penguins than meets the eye. If you've every wondered what it would be like to be able to see as clearly under water as you can on land, just ask the nearest penguin.Most aquatic animals are short-sighted on land. Most terrestrial animals (and that includes us) are far-sighted under water. But researchers have discovered that penguins can apparently see equally well in both environments, because of the unique structure of their eyes. Penguins have to be able to see well under water because their diet consists mainly of plankton, molluscs, crustaceans, and the inevitable fish. Through a special slowing-down of their heart rate they're able, like many other diving animals, to stay submerged long enough to search out and chase whatever catches their fancy. On dry land, it's a different story-or has been up to now. Waddling along on their flat little feet, eyes fixed intently on the ground, penguins appear myopic, inefficient and generally out of place. In fact the reverse is true. During a recent stay on the Falkland Islands, a Canadian researcher discovered that penguins are able to recognize individuals and navigate the rocky terrain on which they live quite well. Long of body and short of leg, they probably poke their heads forward as an aid to balance. And as for looking at the ground, they're merely-like us-keeping an eye on where they're going. The human eye is adapted for aerial vision, which is why scuba divers-or even you and I in the local swimming pool-must wear goggles or a face mask to re-introduce air in front of our eyes in order to see clearly. Among vertebrates in general, the bird eye is frequently described as the most efficient. Its superior quality, combined with the fact that a large number of birds-cormorants, pelicans, seagulls, even ducks, as well as penguins-get their food from water, obviously

3 Ways to Save Nature

We can all make a difference when it comes to helping save the environment. Global warming and all the other environmental issues we are facing took some time to build up and to get our of these messes it is going take a lot of work, but this doesn’t mean we should get discouraged because it’s more than the big things that are going to make the difference, it’s the little things that make the biggest impact. Here are some simple changes you can make in your everyday life to help the planet recover from the wounds we have inflicted upon it: 1: Walk sometimes. You don’t need to take your car everywhere you go. If your job is in walking distance, or you’re able to ride a bike to get there, then do it. Not only are you helping to save the planet, you’re exercising and helping yourself stay fit. Most big cities that have the worst traffic jams also have bike paths and walking trails for pedestrians. You’d be surprised how much more convenient they were for you. 2: Pick it up! People litter, that’s just the way it is. You’ll see plastic bottles, cigarette packs, etc, all lying on the ground. It wouldn’t hurt or inconvenience you at all to pick them up as you walk by. If you see a plastic bag blowing by you, grab it and put it in the nearest trashcan. Most places have recycling bins set up all over. Sure, it’s not your fault that some people just don’t care. But you do! Show you care by being good to your Mother Earth. 3: Use less energy in your home. Whether you work from home or just like to lounge around and watch TV, there are all sorts of ways you can conserve energy in your home and do your part to help the world. If you’re on the computer, you don’t need any lights on. The monitor provides enough light. And if not, open the shades to let the sun in.

An Acquaintance with Darkness

An Acquaintance with Darkness by Ann Rinaldi Ann Rinaldi has written a book that weaves history and fiction into a wonderful book, and this is why I have chosen this book. It covers some important parts of history and the reader sees it through the eyes of a thirteen old girl. The book is dark with intrigue and gross medical stuff, so students should love it. While the assignation and arrest of Mary Surratt is the major historical event around which the book is written, it is more about the state of medical science in the US at the end of the war and how it was impacted by the war.For instance, Rinaldi's author's note starts out focused on the history of medical dissections in the united states, and then goes on to describe its history in Europe. She then describes the history of hospitals, medical schools and medicine in the US. She doesn't turn towards the conspiracy to kill Lincoln till later. Emily's best friend is Annie Surratt, the daughter of Mary Surratt who was hung for her part in the conspiracy to murder Lincoln. Students will see this part of history through a different point of view, not just learning about it through their textbook.I also think students will relate with Emily, because she wants to see the good in everything. She wants to believe the world is a good place. She judges her Uncle for something she believes is horrible and doesn’t understand because of her young, innocent age. Then the reader sees her grow as into a young lady, where she isn’t so innocent anymore. Emily realizes the world isn’t perfect and she shouldn’t have judged her Uncle, because he was snatching dead bodies to help medical science and save more lives during a horrible time of war. At the end of Ann Rinaldi’s book, she has questions for teachers to discuss with their students.This will make it easy to have literature circles with students. This book relates to my content area because it is a historical fiction book. Ann Rinaldi ha s taken many facts from history and put them in a wonderful fiction book. If I was a teacher of History, I could relate this to our unit on the Civil War around the end of it when Abraham Lincoln was assassinated. This book takes a look at the Surratt Family and how they were involved with John Wilkes Booth. This is usually a glimpse of history many students don’t know about. I don’t remember learning this when I was in school.I think kids are interested in anything related to death, and this book is full of it. They will learn about Lincoln’s assassination, the hanging of Mary Surratt, and how doctors snatched dead bodies to benefit medical science. This book ties a lot of factual information to the Civil War, and it is interesting to read. I think this is a way to supplement the main textbook, to give kids a different perspective of the war. Many of our discussions in class have centered on supplementing the main text. I think by adding interesting books about what they are studying will make them want to learn more about that era.So by picking this book that tells about a girl in the time of the Civil war, they will see certain aspects of that time period in a different way. They will be able to relate to it more because this girl is around their age. They will be seeing it through her eyes. I think this is so important when teaching, because I want kids to be excited to learn about history. I think to do that you have to find some way to relate it to them. Having kids around that age, I have found that they don’t care about it if it doesn’t relate to them, or they can’t understand it, or it’s boring. I know a lot in school will be boring to them.That is why it’s important to find certain things to â€Å"jazz† up the lesson. After reading this book, I found myself wanting to learn if doctors in that time really had to snatch bodies to study on. I think this book will be a way to get them interes ted in studying certain parts of the Civil War. I think they will want to learn more after reading this book. The two main activities that I could use in my classroom that relate to the book, are Literature Circles and List-Group-Label. I will introduce the book with the List-Group-Label activity to see what prior knowledge the students have.By doing this activity first it gets them thinking about the Civil War Era and discussing it. I hope for some students they will learn things they might not have know before the discussion. Then during the time that we are reading the book, I will have them split into groups every Friday and do literature circles. I will have discussion sheets that they will have to fill out as a group. This will give them a chance to learn from eachother and give them a since of responsibility. I think these activities will work well together in creating a fun unit.

American Business Leaders

This essay briefly describes the life and achievements of two successful American business leaders, their brief life sketches, the ways and means used by them to achieve their success . It also goes to explain how each of them affected the American society and finally concludes with a comment on the morality of their actions.The two businessman chosen for this essay are : Andrew Carnegie, the pioneer of the American steel industry who lived in the nineteenth century, and Bill Gates,  the software wizard who has managed to change the definition a computer, from a ‘ highly scientific equipment’ of 1960s, to a necessary machine of every member of every family, not only in America but the entire globe !!!Andrew hailed from a very poor family of a hand weaver of Scotland who was disposed ‘workless’ by the power looms of the industrial revolution, and Bill was an entrepreneur at the age of 14 as a school student !!!! Both climbed up the ladder, to be respected a s the ‘captains’ of their ownrespective industries. Life sketches â€Å" I began to learn what poverty means, it was burnt to my heart that my father had to beg for work, and then came the resolve that I would cure it when I become a man. †. ( Andrew Carnegie) Can anyone believe that he would become the pioneer of the formidable American steel industry and the richest man on this world? Andrew Carnegie was born in a very poor family of a hand weaver who was disposed from his work when power looms came in during the industrial revolution in Britain.His mother used to do household work to manage daily bread. The family shifted to Pittsburgh in US in 1848. Andrew started working at the age of 17 as a telegraph delivery boy, and never missed an opportunity for advancement. Carnegie happened to come close to Thomas Scott, who was an official with Pennsylvanian railroad, while working at the telegraph office. Thomas hired him as his PA, and from there he climbed up to become the later become the superintendent of Pittsburgh division. The outbreak of civil war created a huge demand for iron and steel.Andrew saw this as an opportunity and invested in steel rolling mill. There was no looking back then. He became the richest man on this world during his times. In the later stages of his life, he sold off his steel business and concentrated on philanthropic activities, mainly for the spread of education and global peace. 2500 public libraries were opened with the help of his donations. He had given away $350 million as donations for the improvement of mankind. He had floated the idea of ‘league of nations’ and built the ‘ palace ofpeace ’ which later became ‘ world court ’. He was so disturbed by the hostilities of World War I that the last entry in his autobiography was on the day the war began !! ( Andrew Carnegie) On the other hand, Bill Gates, real name William Henry Gates III, was born in a rich family of Se attle, USA, to a lawyer father and mother was director in a bank. He went to the most expensive school of Seattle, where the fees were $ 5000 as compared to $ 1760 at Harvard. He was interested in programming from his early school days.The Computer Center Corporation banned students from his school, when they were caught exploiting bugs with the operating system to buy computer time!! So involved was he with programming that at the age of 14, he had already made a payroll program in Cobol and formed a venture with his school colleagues to make traffic counters and earn $ 20,000/- in the first year. When his age was disclosed, he was shown the gate !! He went to Harvard for his degree study where he met Steve Ballmer. Both joined hands as partners to establishMicrosoft ® a software consultancy firm, which has become the largest software company on this world. Windows operating system, invented by Microsoft ® has revolutionized the computer industry. Bill Gates is perhaps the only person to be ranked as the richest man on this world for 13 successive years, from 1993 to 2006 !! He announced his retirement from day to day activities in 2006, to turn his attention to philanthropic activities. ( Bill Gates) Methods Both Andrew and Bill have lived two centuries apart, and both were polesapart in their personalities and background. Hence their methods to amass wealth also vary substantially. Andrew lived in times when technology was not so advanced and resources were scarce. A very fierce lust for wealth was the driving force behind all his methods, and this force was driven by necessity. He had seen the ghastly face of poverty in his childhood and his sole aim in life to drive it away. This was coupled with eagerness to progress and earn more. In absence of any good scholastic background, his instincts was the only asset he had.He kept his eyes and ears open and took a right jump whenever he saw a rise in income coming through that jump. Experience was the only teacher, and he was an avid learner. He did not hesitate to jump if it offered financial gains. This was coupled with a sharp sense of vision. A vision to see the shape of things to come in future. He saw an opportunity in iron and steel during the civil war, and he invested in it. Taking right steps at an appropriate time is also one of the salient methods adopted by him.Though he was an advocate of trade unionism, he did not mind exploiting the workers of his own steel company, because self gain is the only motive of any businessman. This is evident from the labor strike at his company. Good administrative skills and good human relations management were the key methods to his success, which has earned him the reputation of ‘Captain of steel industry ’. Bill Gates has lived in a different era when technology had highly developed and he had an enviable scholastic background.His methods are more ‘intellectual’ than ‘physical’. It were the intell ectual abilities, especially his ability to find software solutions , that has enabled Bill to win the race. Like Andrew, Bill also saw an opportunity and lost no time in grabbing it. A salient highlight of Bill’s methodology is that he has always focused on ‘ innovations’ and ‘speed’. The milestones of developments his development are witness to the fact that his thoughts are very fresh and innovative, and he worked at such great speeds thathe has always been the first to offer tangible solutions. It has been Bill’s strategy to bank upon someone else’s idea, work upon it, and present the solutions before others can do it. Bill did not see anything wrong in working upon GUI which originally someone else’s idea. It was Bill who came up with the first GUI ‘Windows-3. 1’ which was an instant success. ‘ Ruthlessness’ was one of the methods which helped Bill to attain his status as the ‘captain of softw are industry’. Impact on American SocietyBoth Andrew and Bill have had tremendous impact on the American life. Andrews’ daunting spirits were not only helpful in establishment of the formidable American steel industry, but also an inspiration to many youngsters who were eager to start on their own. Europe was the focus of all technological development so far, but Andrew was instrumental in demonstrating that America has all the resources to beat Europe in this matter. It was largely due to his efforts that large scale industrialization and mass production concepts startedgaining momentum in the war torn America. Talking of Bill, he has changed not only America but the whole world. So wide and great is the impact of his thoughts and the products of his company that today almost Microsoft ® has become a household name over the globe. He has completely changed the way people communicate across the globe. This has a massive impact on the increase in global trade and comm erce. Today, a Director of a company head quartered in London can get the production figures from its units situated in America, and thesales figures from his office in Tokyo, within seconds. He should thank Bill Gates for making all these possible !! Moral Aspects All of us big or small, rich or poor have a social obligation. Both Andrew and Gates have erred drastically during their young age in their quest for wealth. Even though Andrew had witnessed poverty, he did not hesitate in exploiting the poor workers in his own steel company. The strike and the labor unrest due to this is a blot on his otherwise spotless career. ( Andrew Carnegie) On the other hand Billwent one step ahead, and saw nothing wrong in ‘stealing’ the GUI concepts which were initiated by others. His fierce maneuvering with IBM is one more example of business practice which can be judged ‘wrong’ morally. A legal suit, filed by the American Government over Microsoft ® raises many quest ions about the ethical policies of the Company. ( Bill Gates) Both these ‘captains’, towards the end of their career have exhibited unparallel moral sense by donating huge amounts for the betterment of the society. Andrewconcentrated on improvement through education, while Bill has been more aggressive and even touched social issues like ‘AIDS eradication’. Andrew died as a frustrated man due to hostilities of the first world war and what happens to Bill, only time will tell. Works-cited page 1) Andrew Carnegie, People and events- Andrew Carnegie, 1999, Retrieved on 18-02-07 from, < http://www. pbs. org/wgbh/amex/carnegie/peopleevents/pande01. html > 2) Bill Gates, wikipedia the free encyclopedia, 18-02-07, Retrieved on 20-02-07, From: < http://en. wikipedia. org/wiki/Bill_Gates >