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Entrepreneurship - Opportunity Recognition

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Entrepreneurship - Opportunity Recognition
Curtin University of Technology
Metropolitan Campus
Sem 2, 2012

Entrepreneurship 300
Literature Review Component 1:
Opportunity Recognition

Student Name: Mohd Fikri Bin Kamarudin
Student ID: 15146339
Tutor 's Name : Ms Nava Krishnan
Day & Tutorial Time : Tuesday(12-4pm)
Date Submitted : 14th August 2012
1.0 Introduction
Entrepreneur and Company Background – Frezawa Engineering Sdn Bhd

The entrepreneur that will be interview for this project is Mr Kurian Zachariah, founder of Frezawa Engineering Sdn Bhd; one of the major engineering firms in Malaysia which specializes in Airfield (Airport) Ground Lighting System and Power Supply System. Mr Kurian was born in December, 13th 1961 and had graduated in Diploma in Electrical and Electronic Engineering in the year 1983. Mr Kurian has been in the engineering industry for almost 30 years, in which he has worked under different companies during the first 17 years. Mr Kurian had begun his career as entrepreneur in the year 2000, where he established his own engineering firm alongside with his 2 partners. Mr Kurian took full advantage of his experience working under different engineering firms for 17 years, and applied engineering and management skills that he had learnt to start his own business. Currently, Mr Kurian Zachariah is the Managing Director of Frezawa Engineering Sdn Bhd.
This literature review concentrates on the topic of opportunity recognition for entrepreneurs. In order to start-up business, entrepreneurs have to identify the idea or core value of the business. Generally, entrepreneurs would go for opportunity or business which would promise greater success in the market.

2.0 Literature Review
Opportunity Recognition

A stream of research shows that opportunity recognition is highly associated with entrepreneur’s alertness in the market, prior knowledge on a particular field, mental stimulation, social capital, and behavioral and cognitive skills. According to research done by

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