Nik Zafri 03/24/2011 03:04 AM
Assalaamu'alaikum wbr. Dato Seri.
I just like to propose my 'very raw humble grassroot idea' about TERAJU. I know that this has recently being launched and perhaps guidelines on the 5 KRA has also been printed. Here goes :
• Entrepreneurship and Wealth Creation
How : At the grassroot level, the companies associated with the program especially those involve in some central contracts or projects or equivalent should have at least ONE program known as "Vendor Development Program" from incubation phase to full pledged (well-trained and equipped) vendors with a vision towards reaching highest phase - a smart partner, or form up strategic alliance not to mention being a franchisor.
However - The terms, conditions, stakeholding, financing, priority, technological transfer etc. must be CLEAR and not burdening potential vendors.
• Funding
How : Equity Financing (e.g. holding some shares and investing in potential companies (viable, feasible & sustainable companies - taking into account projected gearing) by associated companies in TERAJU, or via Venture Capital etc. till the small timers become big timers geared to towards listed in ACE or Main Board.
• Education and Employment
How : At the school & university level, more changes to include 'Competency' and 'Practical' modules including a simulated environment,visits,sampling and application, interviews with or lectures by experienced professionals at the end of the course or subject or semester etc.
• Institutional and Policy Instrument Review
Am not so clear about this one. It sounded like economics or I could be wrong - monetary? Despite of that; both economics and monetary are enough and there is no need to add another one (just upgrade the current ones) - anyway..review is a good idea.
• Stakeholder Management
How : Enhance the current Corporate Governance and we're in business.
Thanks and regards.
Nik Zafri
http://www.nikzafri.blogspot.com
e-mail : nikzafri@gmail.com