MyPEC Sarawak

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Through SIMULATED business environment called a Practice Enterprise A PROPOSAL TO FORM A JOINT VENTURE WITH SARAWAK ECONOMIC DEVELOPMENT CORPORATION TO SET UP MyPEC TRAINING CENTRE IN KUCHING

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MyPEC Development and Training Program

Transcript of MyPEC Sarawak

Page 1: MyPEC Sarawak

Through SIMULATED business environment called a Practice Enterprise

A PROPOSAL TO FORM A JOINT VENTURE WITH SARAWAK ECONOMIC DEVELOPMENT CORPORATION TO SET UP MyPEC TRAINING CENTRE IN KUCHING

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TABLE OF CONTENTS

Page

1. Introduction 1

2. Practice Enterprise Training Centre 1

3. Proposal to Joint Venture with SEDC 4

4. Malaysia Practice Enterprise Centre (MyPEC) 6

5. Practice Enterprise Network (PEN) 7

6. Practice Enterprise 11

7. MyPEC Training Programs 13

Appendix A - Testimonials 21

Appendix B - Newspaper Cutting 1 24

Appendix C - Newspaper Cutting 2 25

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1. INTRODUCTION

Our Company, Dyaz Associates Sdn Bhd is involve in Corporate Management, Consultancy and Advisory Services and is based in

Kuching, Sarawak.

We have been appointed by MyPEC Sdn Bhd (Co. No. 838865-A) as distributor of MyPEC Training Program, to establish MyPEC

Training Centre in Sarawak and Sabah and to market and promote MyPEC Training Program to universities, government agencies and

private sectors.

MyPEC is a member of PEN International Network and has obtained rights and licences from Europen-PEN International in the simulated enterprise training method known as the “Practice Enterprise (the “Training Program”) which consists of, as parts of its delivery channels, software, on-line learning system (LMS), supplemental training materials such as, printed and electronic documentation and training manual.

2. PRACTICE ENTERPRICE TRAINING CENTRE DYAZ shall establish and operate the Practice Enterprise Training Centre in accordance with the MyPEC’s standard within 3 months from the date of the agreement. MyPEC Program is a simulated enterprise program that runs like a real business silhouetting a real business procedures, products and services.

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Certificate

Participants or Trainees will receive EUROPEN-PEN International Minimum Quality Standards Certificate upon completion of the

training program.

Program Support

MYPEC will assign one of its employees as an account manager who shall serve as the point of contact for any on-going pedagogical

or technical support reasonably required by DYAZ.

Fees

In consideration for the License and for the other services granted by MyPEC, DYAZ shall pay to MyPEC the following fees:

(a) Program Fee

(1) Program Fee of RM1000 per student per program period subject to yearly review;

(2) Payment to MyPEC shall be made in full prior to the supply of activation codes of On-Line Learning System

(LMS).

(b) Training Fee

(1) Training Fee of RM3,000 per Trainer of DYAZ;

(2) All of the travelling and subsistence expenses incurred by MyPEC shall be borne by DYAZ on reimbursement

basis.

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3. PROPOSAL TO JOINT VENTURE WITH SEDC

We wish to propose to the State Government that DYAZ Associates Sdn Bhd shall form a joint-venture company with Sarawak

Economic Development Corporation (SEDC) for the establishment of MyPEC Training Centre in Kuching.

The above proposal is suggested in order the joint venture company can train more bumiputra to become knowledgeable

entrepreneurs, and at the same time to change their mind set to progress in their businesses and to connect their businesses

internationally using LMS.

The joint venture company shall also train university undergraduates in real business to prepare them to set up their own business

when they graduate by creating employment opportunities rather than looking for employment.

We have chosen SEDC because of their continued commitment to promoting and pursuing the agenda of ensuring more bumiputra

participation in commerce and industry (The Star, 27.5.2012).

Shareholdings

The Shareholding of the Joint Venture Company will be as follows:

(a) SEDC - 40%

(b) DYAZ Associates Sdn Bhd - 60%

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Chairman and Directors

(a) SEDC shall nominate 2 directors to sit in the Board and one of them shall be appointed the Chairman of the

Company;

(b) DYAZ Associates Sdn Bhd shall nominate 3 directors to sit in the Board and one of them shall be the Managing

Director of the Company.

Authorized & Paid Up Capital

The authorized capital of the joint venture company shall be RM500,000 divided into 500,000 ordinary shares of RM1 each.

The company shall have a paid up capital of RM100,000.

Terms & Conditions

Other terms and conditions of the joint venture shall be discussed and agreed by SEDC and DYAZ Associates Sdn Bhd.

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4. MALAYSIA PRACTICE ENTERPRISE CENTRE (MyPEC)

MyPEC offers revolutionary business and entrepreneurship training based on hands-on, 'LEARNING-BY-DOING' approach. Participants are fully trained on:

1. Business - Overall company departmental processes of an ongoing concern company where the focus is on SKILLS development; and

2. Entrepreneurship - The A-Z of starting and managing one’s own company; from company registration,

developing a business plan, acquiring funds for the company, trading, risk management and other aspects that a start-up company should know.

At MyPEC, participants get the chance to learn and experience all these through a SIMULATED business environment called a Practice Enterprise. You will also get the chance to do International trade with International Practice Enterprises from Australia, Europe, USA, Canada and China! We welcome you to learn more about MyPEC and the MyPEC training experience.

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5. PRACTICE ENTERPRISE NETWORK (PEN)

Practice Enterprises Network (PEN) International, also known as EUROPEN, was established on 27th October 1997 and based in Germany. PEN International is the worldwide network of Practice Enterprises/Firms (PE) with over 7000 PEs in more than 44 countries. It acts mainly as the Coordination Centre that supports the development of the PEN International Network and provides national Central Offices, Practice Enterprises, professional organizations, educational organizations, and interested companies with relevant assistance, services and information at their request. The Coordination Centre supports the international cooperation of commercial Practice Enterprises involved in the training of young people and adults. It supports the setting up of national Central Offices, coordinates the work of existing Central Offices and offers various services to these Central Offices and PES. PEN International’s mission is to support, coordinate and develop services that add value to the activities carried out in its member’s national networks; to promote and enhance the concept of learning in and from a simulated business environment and to expand the number of national networks.

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The objectives of PEN International are:

To facilitate exchange of information

To provide innovative training tools to its members

To provide innovative training tools to its members

To represent its members at various organizations and private institutions Countries that are involved in PEN International until now are:

North America: Canada,USA

South America: Argentina, Brazil

Europe: Austria, Belgium, Bosnia and Herzegovina, Bulgaria, Croatia, Czech Republic, Denmark, Finland, France, Germany, Greece, Hungary, Italy, Latvia, Lithuania, Luxembourg, Macedonia, Netherlands, Norway, Poland, Portugal, Romania, Russia, Serbia, Slovak Republic, Slovenia, Spain, Sweden, Switzerland, Ukraine, United Kingdom

East Asia/Pacific: Australia, China, Malaysia

Africa: South Africa

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PEN International Coordination Centre’s Services for Central Offices and Practice Enterprises:

1. Client server application for data transfer between the PEN International Central Offices 2. Database banking software for Central Offices and Practice Enterprises 3. PEN International Credit Card for Practice Enterprises 4. Central electronic platform for electronic online shipment of export papers 5. PEN International E-commerce server – webhosting for Practice Enterprise 6. PEN International bulletin (twice a year) – information from all PEN International countries 7. PEN International webpages (www.europen.info) with the following contents:

constant updated information pool for Central Offices and Practice Enterprises Meeting area with file upload/download function Detailed information concerning International trade International Practice Enterprises database

Central Office Central Offices support the Practice Enterprise by offering some of the commercial services, which are expected to be available to the business world. Central Offices could represent the bank, Customs and Excise, Inland Revenue, post office, telephone company, water companies, electricity companies, insurance companies, suppliers/buyers (when there are no Practice Enterprises selling those products).

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Services provided by Central Office: 1. Guidance and coordination

assisting in establishing a PE; guidance in business, financial, juridical, pedagogical and communication matters; coordination of communication to authorities, bureaus and other PEs; publishing learning material; connecting PE to global network; organizing trade fairs and participation International trade fairs.

2. Daily operational tasks

managing money flow / bank; managing taxation; managing statutory insurances; registration authority; imbursement agency; postal office; acting as service company whenever required; support International PE software.

3. Information and public relations

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6. PRACTICE ENTERPRISE A Practice Enterprise (PE) is a virtual company that runs like a “real” business, silhouetting a “real” firm’s business procedures, products and services. Each PE trades with other practice enterprises, following commercial business procedures in the PE’s worldwide economic environment. Advantages of Practice Enterprise:

1. Assisted by panel coaches/trainers/mentors who are experts from the industry and academia 2. Trainees in practice enterprises are exposed to international trade as they will be actively buying and

selling services with other practice firms into the network 3. Promoting development of communication and business language skills 4. Cultivating administrative skills, such as preparing business documents much like what is expected from a

commercial firm 5. Trainees get hands on experience in assuming different roles in different functions of a company, such as

sales and marketing, logistics, accounts, human resource and so forth. This will teach them the different objectives to be achieved by every department as well as developing time management skills in order to achieve department’s goals and targets

6. Trainees get to learn about teamwork and be enlightened about interpersonal skills 7. The experience teaches them problem solving skills with business colleagues as well as suppliers and

customers 8. Trainees learn by action to initiate and evaluate any potential improvement to the services they offer

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A Practice Enterprise is a framework for training in:

1. General and/or Specific Departmental Skills (i.e; Sales, Purchasing, Human Resource, etc.) 2. Entrepreneurship 3. Accounting & Book-keeping 4. Computer-based skills 5. Administration Skills 6. Business English 7. Professional Business Conduct 8. Core Human Skills (Communication, negotiation, Critical Thinking, Decision-Making, Problem-Solving,

Interpersonal skills, Teamwork, Leadership, etc.) 9. Personal Management 10. Values & Governance 11. Others (a PE framework can be CUSTOMISED according intended objective of training)

Benefits of Practice Enterprise for Mentor Companies:

1. Sharing of technical knowledge 2. Experience and use of appropriate software for suppliers and buyers (e.g online product databases,

online payment software, etc) 3. Gain well-trained employees in using the latest technology (Internet, email, videoconferences, web design,

etc) 4. Benefitting from e-trained Practice Enterprise 5. Detailed product knowledge by future employees (possible) 6. System knowledge of organization 7. Improvement of the company’s corporate identity

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8. Free product/market research (over 7000 practice firms in more than 44 countries) and associated cost savings

9. Free publicity for company’s products and product awareness in the PEN International Network 10. Free development, IT testing and other administrative techniques potential

7. MyPEC TRAINING PROGRAMS

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The MyPEC Training Program focuses on business process training including period-end performance evaluation and entrepreneurship, based on four critical dimensions in developing core skills that attribute to business and entrepreneurship competency as well as employability skills which are :

i. Business Processes ii. Business Acumen

iii. Business Measurement iv. Core Human Skills (Soft Skills)

The business environment created through the Practice Enterprise acts as the foundation for the development of business processes and entrepreneurial skills required. Here, students get to acquire and apply their skills while posted into the various departments of a simulated company such as Human Resource, General Office Administration, Sales & Marketing, Purchasing, Stock Control, Accounts & Finance and Production Control & Planning. Program Benefits

1. MyPEC training tool acts as the missing link that bridges the gap between theory and business practice 2. Hands on, practical learning 3. Ready access to International Network 4. Local and International Trade 5. Trainees learn to cope with challenges, develop effective communication, awareness for self

improvement, inculcate leadership qualities and other skills/values that are considered key characteristics sought after by employers

6. This training model can either be used as finishing school or be embedded in the existing college/university curriculum

7. Can also be used as a short course for professional or executive development

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For Trainees The MyPEC program builds business and entrepreneurship skills in a comprehensive manner: from the initial stage of setting up a business to observing of procedures and regulations; running of business processes, operations and activities at the local and international levels; to the closing or liquidation of company as conducted in the real world. Other value add-ons are that trainees get the opportunity to nurture and sharpen technical skills, soft skills and ICT skills which happen to be what job seekers are looking for in future employees. It is our hope that after implementing the training program, especially at higher education level, IHLs will be able to produce entrepreneurial graduates (graduates who have entrepreneurial mindset, traits and attributes) as well as increase the number of graduate entrepreneurs (those who actually venture into businesses). To The Trainer This program is also a platform for trainers to interact with the “mentors” or “business experts” of the program who are successful entrepreneurs or businessmen with in-depth knowledge of the business world. This would enhance trainers’ requisite experience in conducting the program. To fulfil the requirement as a certified MyPEC trainer, selected lecturers need to undergo the Training of Trainers program conducted by CBAL Academy Sdn. Bhd. Through the program, trainers are able to develop skills in the running of a business as well as learn about the “Learning-by-Doing” methodology, which is a versatile and success proven pedagogy. It is also our hope that other than producing graduate entrepreneurs and entrepreneur graduates, IHLs will also be able to increase the competency of academics in entrepreneurship as well as achieve their targets of producing academics with entrepreneurial mindsets and capabilities.

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How Do We Do It? - The Methodology The "Learning-by-Doing" methodology of the MyPEC Training Program emphasizes on hands-on practical learning by actually DOING all the processes in a business. The simulated set-up also provides for a safe and risk-free environment where trainees are encouraged to learn from mistakes using our web-based applications which include:-

1. SKOLA -Trading Platform

The Trading Homepage Sample Resources Sample PE Database Search

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4. AMMINISTRA - Central Office Support Application

Buyer Application Seller Application Quick Access to the Documents

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Who Can Join? The MyPEC training program can be catered for the following:

1. Institutions of Higher Learning

The higher education sector, be it at diploma, degree or postgraduate level, can incorporate the PE concept into their curricula. The objectives are to develop students’ business acumen, entrepreneurship knowledge, soft skills, and increase employability.

2. Government Agencies The government agencies use the PE model to target entrepreneurs who need assistance and key management skills upon starting businesses.

3. Private Sector The private sector uses the PE training to develop executive skills and instil business management principles, and to prepare them to move up the organisational hierarchy.

4. Pre-Tertiary Level and the Public The PE concept will eventually be introduced to public and individuals, as well as being targeted to be embedded into Malaysia’s secondary school curricula.

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APPENDIX A

TESTIMONIALS

I attended the training of trainers (TOT) workshop for this ‘Learning by Doing’ program together with my fellow lecturers from various public higher education institutions. At first, most of us thought that this course will be just a normal TOT experience. By the end of the course, we realized that this course is far superior than any other TOT courses that we have attended previously, simply because it lets us experience firsthand the full business processes and entrepreneurship skills. The learning curve was steep and through the guidance of MyPEC’s experienced facilitators, the flow of the course ran smoothly and I found the daily interactions and discussions between participants were always engaging and interesting. What I like most about this course is that it will allow the participants to make mistakes when they are making daily business transactions and participating in decision making process, something that might not be tolerable in the real life. Dr. Ahmed Razman bin Abdul Latiff Lecturer Universiti Putra Malaysia

This is the best course I have ever attended in assisting and providing experience in dealing with the efficiency of administration, supervision and financial management. In addition, it also helps in the administrative work and control of stocks more effectively. Experience in the Accounts Division will be very helpful in assisting participants to handle accounting processes in an institution. Mohamed Rosli bin Osman General Manager Pertubuhan Peladang Kawasan (MADA)

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I was so grateful that I could join MyPEC training during my Master’s Degree. The training had given me a lot of new practical experience. As a fresh graduate, it is a useful training to prepare ourselves for the future work life. During the training, I had been trained in different positions. I had a good opportunity to expose myself in Marketing function area. As my Degree background was in Human Resource, I did not have much knowledge in Marketing. But, through this training I gained much knowledge and experiences related to Marketing Department. This had widened my business knowledge to other business functional area beside Human Resource. Besides, through this training program, I realized communication skills and teamwork are so important in a workplace. Without a good coordination and cooperation, business operation process will not run smoothly. Sarah Thien Zhi Yun Student

Firstly I am very grateful to have been given the chance to participate in this unique program, the first of its kind in South East Asia. The “Learning by Doing” training method has a deep impact on the participants because the learning is practical and skill based, not solely theory. I have been running my own business for the past 10 years without much knowledge on proper business management. But that changed after the 3 months course, because I thoroughly learned complete business processes that can lead to successful business operations. The training has provided me with a guideline on how to operate a business successfully not only in Malaysia but globally as well. Damithah Ahmad Rusdi, 38 years old Business owner (textile) and SME Bank client

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I am a student majoring in maritime management. I have learned a great deal about the running of a business in the 3 months of training under the MyPEC program. I think that this program is very good indeed for youths who dream of opening their own business and who would like to learn how to manage and operate a business successfully. I fully recommend for this program to be extended from 3 months to 6 months because there is so much to learn about. I would also like to thank the facilitators, who are very experienced and have given me a lot of valuable guide and input on business matters. Norman Khomsa, Diploma Student, Ranaco Education & Training Institute

This course was part of my industrial training. To me, this is an excellent course. I had no prior knowledge of business before I joined Office Station, but after the end of the course, I fully understand the full business process, from the management perspective, the documents and document flow, problem solving and most of all, how to start my own business from scratch. The learning system is very efficient and the facilitators are highly experienced. The ‘Learning by Doing’ concept is very effective, it exposes trainees to REAL business scenarios. I hope this program will continue for a long time because it can definitely produce young and successful entrepreneurs. Mohd Faridzul Anuar bin Jusoh Ex-MyPEC Program Trainee

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APPENDIX B

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APPENDIX C