‘Forward-thinking strategies key to success in IR4.0’
KUCHING: Forward-thinking policies play a crucial role in nurturing and empowering entrepreneurs and ‘intrapreneurs’ to succeed in the Fourth Industrial Revolution (IR4.0).
According to Assoc Prof Lim Weng Marc who is Swinburne University of Technology Sarawak Campus’ School of Business head, when it comes to developing countries, the primary barrier to socio-economic growth is o en not the scarcity of capital, labour or land, but the scarcity of entrepreneurial individuals who can bring these resources together, as well as the markets and the mechanisms that can facilitate them in this task.
“The National Entrepreneurship Framework and National Entrepreneurship Policy 2030, recently launched by the Malaysian government, are excellent examples of inclusive and visionary entrepreneurship policies that rightly position entrepreneurship as an integral part of the responses needed to meet the challenges of the human and machine interface in light of the IR4.0,” he spoke during a discussion on policy environment and entrepreneurial development, led by him during a session at ‘Eighth United Nations Educational, Scientific and Cultural Organisation–Asian Programme of Educational Innovation for Development (Unesco-APEID) Meeting on Entrepreneurship Education’ held in Hangzhou, China recently.
Lim, who is from the university’s Faculty of Business, Design and Arts, was among the invited speakers at the event, which was a ended by more than 200 representatives of educational institutions, government agencies, civil societies, the private sector, as well as international and regional organisations from over 30 countries.
The deliberations at the meeting also led to the launch of ‘ The Hangzhou Declaration’, set to recognise the importance of ‘ Resolutions 221’ and ‘ 284’ of the ‘ 71st United Nations General Assembly’.
It reaffirms that entrepreneurship and innovation are essential for every country to sustainably develop its socioeconomic potential and to advance the achievement of the United Nations 2030 Sustainable Development Goals.
The APEID is the first intercountry project in the world by Unesco that focuses on educational innovation related to development needs, including the needs of educational development.
It aims to promote awareness of the need for innovation in educational endeavours and the possibilities for change that such awareness offers.
Swinburne Sarawak has an excellent reputation for producing graduates who are high in demand. Its Graduate Employability Rate is 92 per cent, where the majority of its graduates gain employment within six months of completing their studies.
At its School of Business, students can expect to develop and sharpen their entrepreneurial skills through its authentic learning curriculums and capstone units. The school provides AACSBaccredited business degrees and entrepreneurship units that can be taken by both business and non-business students.
For more information about Swinburne Sarawak, visit www. swinburne.edu.my, Facebook page (@swinburnesarawak), Instagram (@swinburnesarawak), Twi er page (@Swinburne_Swk) or YouTube channel (Swinburne Sarawak).