♪ [theme music] ♪
- Very good afternoon, everyone.
And thank you very much
for being here today for our class.
This is the first lecture
of our 'Global Entrepreneurship' course.
And I hope that you are as excited as I am.
This is actually the third course
that we offer online.
So, the first one was 'Entrepreneurship'
last year and the other one was 'Success.'
And for Entrepreneurship we've got
more than 2000 students
from more than 120
different countries joining.
So, they've really joined our own campus
students and they had an amazing time.
The next course, the following course
that we did online was "Success."
And we had more than 1500 students.
And that was actually a foundation course.
So, this time I think we are going to take
everything to a whole new level.
So, this is the first class,
and as we move on
we will interact further
and we will learn further.
If you are watching this
after the course has ended
then there'll be some instruction
on the Open Learning platform
on what to do with regards
to the different course assignments.
So, the outline of my talk today...
I wanna talk about the course structure,
about its assessment;
I wanna talk about the concept of MOOCs
and how they are changing
the education system in the 21st Century.
And I would like to talk a bit about
the philosophy of the course;
Why are we doing that?
And I have a personal note from me.
And I wanna talk also about
Entrepreneurship and CDIO.
I have to connect this back
to our engineer thinking
and how engineers do things.
And I wanna talk about brain rewiring
and a little bit about the teams
and the projects for this semester.
Now, this course will, as you know,
will be for 14 weeks.
So, this is the length of our semester.
We expect a roughly about 120 hours worth
of learning. Including the classes
that you attend, the tutorials,
the discussion, the time you spend
preparing your assignments.
So, that's really the kind of commitment
that I'm expecting from both
the on-campus students
as well as the online students.
So, the lectures will be every Tuesday,
like today, from 2 to 4 p.m.
On Friday, 2:30 to 4:30 p.m.,
that will be KL time.
Last time we had some request to
air the lectures live,
to stream them live.
And if we have enough requests
we could actually consider
putting the lectures live so that people
from different parts of the world could
be almost with us and also interact
with us as we move on.
The assessment would be 50% based
on our course work activities
and 50% for our final exam.
So, we'll have final paper that'll worth
50% of the mark.
And everyone of you will be
working on a project.
The project will represent a central piece
of the work and the assessment.
I'll talk more about this.
All this data, all this, the video
plus my slides
will be posted on Open Learning
for you to refer to.
So, the course assessment,
the 50% for the course work
will be partly for entrepreneurial project,
to the project that you will be working on,
will be in this 50%.
There's a new concept
that we are presenting
which is called "Return on failure."
And we would like you to fail.
Yes, we would like you to fail
and learn from that failure.
And the learning from that failure
will be graded
and it will worth certain amount of marks.
I'll talk more about this shortly.
Then everyone of you will not be,
will be working with people from
the online community.
So, you won't be allowed to work
with people within this classroom.
Now, the online community could be
another Taylors' students
but he or she is not registered
for this course. That's fine.
Could be from within engineering,
from outside. Could be someone
outside Taylors. Could be your friend,
your brother, your father. I don't mind.
As long as that person is registered
for the course as an online student.
But what I would like you to
really try to do is to go out there
and seek members from different countries.
Okay? So, everyone of you will be,
Maybe this is the first time in your life,
will be constructing, will be building
a team of people that you have not
seen before. And then you need to...
Definitely these people may wanna join you
and they may not wanna join you.
So, you have to make sure your project
is interesting, the message is compelling,
the commitment is there,
so that you can get
the online students to be
interested enough to join you.
Now, the online students
also have the right
to form their own teams.
And the team could be entirely
from their own countries.
And I'll show you later the countries
from which our students came.
Just to let you know, I've opened
this course for registration
couple of weeks ago,
and I already have
more than 700 students registered.
You guys are yet to be registered,
but we have 700 students
from all the world
have registered already.
And this number is expected to grow.
Okay. So, the exercise of building the team
will be assessed and it will worth marks.
We will be doing a daily exercise
that we call "Brain rewiring."
And that's a very important exercise
for entrepreneurs, for people who wanna go
into business, who wanna change the world
and add value in a different way.
And that will be assessed as well.
You will be asked to develop
a business plan.
And that will assessed as well.
And the very interesting part
is the fund raising.
So, the amount of money
that you are going to raise
will be assessed as well.
And there will be some quizzes.
So, these are mainly the things that
we will do on a daily basis.
Now, once we are done with the course
we will give you the final exam.
Now, how would you feel
if I told you
that there is a way that you don't
have to sit for the final exam?
How do you feel about that?
- That'd be great.
- That'd be great.
Okay. Who would like to not sit
for the final exam? Raise your hand.
And get full mark for it.
Full mark. 50 out of 50.
You cannot believe it, right?
You wanna sit for the exam?
Fifty-fifty. So, I'm offer you a pathway
that you have a full mark for the exam,
you don't even need to take it.
Do you want to take that?
She doesn't trust me.
Is it to good to be true?
You tell me what went into your head.
So, I'm offering you
that you will get full mark
and you don't even have to sit
for the exam.
So, you don't trust me?
- Weighing the pros and cons.
- So, what are the cons?
- I'm still waiting to hear.
- You're waiting to hear what?
- For the full story...
- The full story. Very good.
She's very wise. Okay.
If your project needs
10,000 ringgit...
One U.S. dollar is around three ringgit.
So that's for the international students
around 3000 U.S. dollar.
If your project need 10,000 ringgit,
and you raise 10,000 ringgit,
I'm going to give you full mark, and you
don't need to attend the final exam.
How about that?
So, Jeff, take, yeah.
She's very eager to...
- Do we get to keep the money?
- No. That's a project, right?
So, you will need to deliver the project
at the end of the day, isn't it?
- Yeah.
- So, that's money you raise. Okay,
I won't be making any money out of this.
- Yeah.
- How about that?
- Now, if you don't raise the money,
then you just go for the exam.
Now, the key thing is,
the key thing is,
for you to qualify for this,
you need a major project
that will require 10,000 ringgit.
So, if you choose to go for a project
that costs only a hundred ringgit,
and you'll raise the hundred ringgit,
that's okay. You will be marked accordingly
for the fund raising. But clearly,
you won't be considered
for the final exam offer.
Is it clear? Now, when you are
trying to raise
sizable amount of money,
like 10,000 ringgit...
This is not a small amount of money.
If we are trying to do that,
there is a possibility that you...
- Might fail.
- ...fail. Right? And if you fail,
then you will learn something from that,
then you will get return on your failure.
And the return is learning
and experience.
The reason why I am,
for the first time maybe in the history,
you have a professor telling you,
"I want you to fail,"
is very simple. Because entrepreneurship,
business, is an innovation.
It's always about taking risk.
Now, risk means there is
a possibility of failure.
And that's the kind of failure
that I'm talking about.
When you push the limit,
when you are trying to do something new,
and you fail, then you fail
just like the way Edison failed
10,000 times before he got it right
and invented the light bulb.
So, this failure is not you go and throw
yourself in the lake and die
and say, "I have failed." This is not
the failure that I'm looking for.
It's not a failure that you fail to abide
by the safety rules and injure yourself.
This si not the failure
that I'm talking about.
It's about taking risk and trying
to push the paradigm for yourself
and maybe for all of us.
Trying something that you never thought
you'll be capable off.
How many of you think
you can raise 10,000 ringgit?
Not from your family.
But you go out there and convince people
to give you 10,000 ringgit
before the end of this semester.
Raise your hand.
No one.
8,000 ringgit?
5,000 ringgit?
- We have some.
- So, we have one.
4,000 ringgit?
Three?
So, you need to stand up. When you... So,
if you can get five you can get 3, right?
Yes, yes. I generally just wanna see.
So, now for three how many I have?
Two. 2,000 ringgit?
1,000 ringgit?
Yeah. You remain...
If you think you are 1,000. Okay.
500 ringgit?
300 ringgit?
200 ringgit?
You see, if you raise your hand
5,000 and below you stay.
You said you can raise one, right?
So you can raise 300 ringgit, right?
100 ringgit?
50 ringgit?
20 ringgit?
10 ringgit?
'Kay. So, please put... So, there are
people who haven't raised hand.
Can you raise your hand if you say
you won't be able to raise even 10 ringgit?
So, some of you didn't raise
your hand at all, which is indicating that
you don't think you can raise
10 ringgit from someone else.
It's not your family,
or your mom gives you money. No.
You go out, someone you don't
necessarily know,
but you convince them to give you
some money to support your project.
So, there are some people
who did not raise their hand at all.
Can you raise your hand now, if you haven't
raised your hand throughout this exercise?
Raise it higher. So, Arthur...
'Kay.
So, I just wanna... Please, keep your
hands up if you don't mind.
I just wanna get this right.
You actually think you are incapable
of getting someone to give you 10 ringgit?
- No. I just don't know how much
I can raise, so I didn't raise my hands.
- Right. So how much you think
you can raise?
- Yeah, that's the thing, I don't know.
So, I'm incapable of answering you.
- I disagree with you. I don't think
you are telling me the right answer.
Yeah. Let us... Okay, okay.
Let's have a discussion.
Speak to the mic, please.
- Okay.
- Do you think you can give me a range
that you are confident you can raise?
- I suppose probably hundred is possible.
- Right. But can you give me a range?
So, can you maybe....
What is the lowest range that you are
very confident you could raise?
- Um, maybe 50 to 100 I suppose.
- So, 50 to 100.
Right. So, actually you sort of know.
It's not like you have no idea entirely
about how much you can raise.
- Yeah, I sort of know,
but I'm not sure how to...
- Fine. Fine. That's why I give you
a range. So the range could be
I'm confident I can raise
50 cents to 50 ringgit.
Are you confident you can at
least raise 50 cents?
- Oh... Okay.
- Right? So, there is actually a range.
Okay? Now, let's...
Thank you very much.
So, let me then repeat this exercise.
I want everyone of you,
everyone of you to think
of a lower limit and an upper limit
of what you can raise.
Is it clear? So, maybe you say,
"Okay, I think one ringgit,
I can go out and I think
I can raise it. I can raise it.
And maybe I could if I push it I can go up
to 300." So, come up with a range.
Think about it. Then I'm going to ask you
one by one.
So, everyone have to has an answer, please.
If you don't understand me
raise your hand and I will
repeat it for you. So, is it clear?
Yes?
- I was thinking since you said raise,
but wouldn't it better
if we understand the project first
as in...
- Okay. So, what I'm saying is,
if you had a project,
and the project is anything you want,
because I'm not giving you the project,
you will the choose the project,
and any project that you do
will require some sort of funding.
Will you need either to buy some material,
you'll need to travel...
You need some fund for that.
So, in absolute terms...
That's a very good question, by the way.
In absolute terms, if you have a project
that you wanna use.
So, this is the project that's going to be,
you're going to be assessed
throughout this semester about.
So, I presume that this is
something that you are passionate about,
something that you are enjoying,
something that you gave it a thought
and then decided to do.
So, you have that project.
Now, how much money you actually
could raise for that project?
That you think you could go out
and convince someone
to either donate the money
or give you the money
and then share the proceeds
with you if this is a profit making.
Because I know of people
who actually did think they cannot,
besides their parents,
they cannot get money from anyone.
And there are people who can go
and convince other people
to give them millions of ringgits.
And by the way, I'm going to get
speakers who have raised
hundreds of millions of dollars
to speak to you throughout this course.
There'll be people here just like
you and me started with a dream
and they ended up, you know,
achieving big deeds.
Some of them are engineers,
some of them are from the media,
some of them are...
doing variety of things.
But I wanna establish first,
do you think you could...
Do you think you are capable
of communicating the message
to someone out there and convince
him or her to give you some money?
That's really my point.
Is it clear?
But I really like this question,
it's very good.
Because if you don't understand
the context it's very difficult for you
to talk about it.
Any question? Do you have a question?
So, can you come up with a range?
Who has an upper range of...
100 ringgit or below?
The upper range 100 ringgit or below?
'Kay. Can you raise your hand, I just...
'Kay.
It's okay. It's okay. It's great. 'Kay.
200 ringgit or below?
So you also stay there.
300 ringgit and below?
Good. How would you feel
if by the end of this course
I prove that you are actually
capable of raising at least 10 times this?
Do you think that this course
have served you well if I can
show you that you could raise
10 times the amount that you have
thought it's your upper limit?
Arthur, what do you think?
- Well then I suppose at least
we have learned something,
gotten something of this course,
probably how to manage or how to
put in more funds if I require it.
- Right. So, if I prove this,
would that make this course
really a great course? Something that maybe
will have an impact on your future life?
- I suppose somewhat yes.
- Okay. Great. So, I will do my level best
so this thing happens.
Now, how many of you would like to try
something as big
as a 10,000 ringgit project?
Okay. You don't have to decide now.
We'll still have a few more lectures.
I'll give you examples of the examples.
And as you move on
we'll have a discussion.
The promise to you is,
I will continue to support you.
I want you to push the limit
maybe even fail,
but I don't want you to die.
Yes. Yeah. So, I will be always there
to support you.
So, this is really the premise
of the course. So, this is gonna be
maybe very different from any course
that you've taken this far in your life.
And maybe you'll never take
a course like this again in your life.
So, please try to play along,
put yourself out there
and try to enjoy it.
Could you pass the mic to him?
- I would like to ask, for this course
the main focus is actually
we come up with some business plan
to raise the fund
or actually we could use the fund
and make at least half of the profit
from the amount that we've raised?
- The way... I'll explain this further.
The way I look at the entrepreneurship
and business is actually not necessarily
from point of your profit.
I'll give you an example.
Your project could be to raise fund
for charity. And I'm fine with that.
So, the whole idea is,
while you go out there
and no one sees this opportunity,
but you are able to focus your mind
on your objective and find that this is
an opportunity and realise the value.
And that value is, maybe you wanna serve
lunch for the homeless for a week.
Does that make sense?
Did I answer you?
So, in the process what I really wanna
show you is that there is an entrepreneur
inside each and every one of us.
And entrepreneurship is not only about
making profit. Although...
You, please, go ahead
and try to make profit.
And I won't share the profit with you,
that's all yours.
Okay? But also you may use that
funds or money that you've made
or whatever to help someone else.
So, that's totally fine.
The key thing is,
even if you are doing charity
you will need money.
Even if you are doing not for profit
kind of business you will need money.
So, that money has to come from somewhere.
There should be some value
delivered to someone. And that's really
the main premise of this course.
What is this value that someone
will be willing to pay money for?
The value could be spiritual value,
could be a physical value,
could be whatever.
But how can I see what he values
and deliver the value to him,
so that he opens the wallet
and pay that amount of money,
which I could use,
or pass it on for charity.
It's entirely up to you.
Did I answer your question? Good.
- Any kind of donations possible
can be valued?
- Yes. Yes. So, for example,
if your project needs a car,
and the car costs 10,000 ringgit,
and someone says, "Look, I don't have cash
but I can give you the car."
Yes, yeah. Now, the key thing here is this:
the offer for the final exam
is really just to challenge you.
That's number one.
Number two: this has really to be done
in the spirit of entrepreneurship.
So, it's not like you come up with
a project and maybe your father pays
the 10,000 ringgit and then you get
50 marks. It's not like that.
And I'll know it. I'll discover it.
So, this is really for you
to develop something.
A product, a service, or whatever,
that there is someone out there
is willing to pay for.
And through that value has been created,
value has been delivered
and some money is made.
I'm enjoying this.
Anyone has any other question?
Great.
Now, let me tell you
a little bit about MOOCs.
So, MOOC stands for
Massive Online Open Course.
The key thing is, the open and the online.
So, these are courses that anyone can join.
And you don't have show any
entry qualification, you don't have to show
that you've done A levels, or your SPM,
you have five credits or whatever.
You can just join.
Now, the key thing is also
you can always drop out.
So, it's entirely up to them. Besides you,
who are registered for this course,
you want the credit so that you graduate.
The other online students are doing it
really just for learning.
So, there are number of universities
who are doing that.
We are, thus far, the first and the only
in the country that did this.
So, this is the MOOC.
This concept is actually promising
to transfer
the entire educational landscape.
Because, now you can go
and register for a MOOC
by Harvard, MIT and the other
great universities of the world.
And they are very well
made courses.
So, suddenly all this intellectual
property, all this great teachings
of great universities and great people
are available for free,
for anyone to go and learn from.
This is especially, and hopefully,
is going to help people who are in places
where access to education is limited.
Maybe rural areas or people don't have
access to universities.
And some of the MOOCS,
the Massive Open Online Courses,
are very practical courses.
Personally I really believe that I'm going
to keep track of the amount of money
that have been raised
through this course.
And that will start with you
and with the other students out there
in the online community.
And hopefully there are people who will
through the courses that we share,
through the project that we propose
and suggest, they will go and add value
and change their life
in a very positive way.
So, currently, I've just checked before
I came, we have 766 online students
from all over the world
who have registered for this course.
And we would ike to create as much
interaction between you guys and them
as we can. So, let me just show you
how does this MOOC look like.
So, if you go to Open Learning,
it would look something like this.
Now, we wanted to make it even more fun.
So, every time a student joins
from a country when there is a number
of students joining,
a country will earn a medal.
The way we did it was fun.
We thought...
There is 7.2 billion people
on this planet.
If out of every 72,000 humans
one joins this MOOC,
this MOOC would really be the first
global course in the history of human kind.
That's great, isn't it?
And in the process we said,
if from a country one out of 72,000 people
joins this course,
that country will earn 5 gold medals.
Now, the interesting thing is... I mean,
I would really like to salute Qatar,
because this a small country,
and if we get 28 students,
then that will be one in every 72,000
people in that country has joined this MOOC
Before I came, we had 94 students.
So, that's actually a huge number
for a relatively small country like Qatar.
So, this is the part that...
Now, interestingly,
I think Malaysia has only 60 or 61.
So, Qatar has more students on our MOOC
than Qatar (Malaysia).
So, let us just check
what's happening now.
So, every one of you will need
to go to OpenLearning.com,
and register for a MOOC called
"Global Entrepreneurship."
And you could just do it through
Facebook or you could just create
yourself an account.
So, let's see whether Qatar
has more people or not now.
No, they're still 94.
It's too early there.
So, these are the countries
that are represented.
On Malaysia we have 62,
5 from Singapore,
4 from Ireland,
2 from Oman, 2 from Russia,
United Arab Emirates 8,
Sudan 29, Egypt 44,
Tunisia 5, Hong Kong 3,
New Zealand 2, Uruguay 1,
Armenia and Namibia,
Latvia, Saudi Arabia 9.
Okay. United Kingdom 14.
United States 39.
So, this is really a course that
we are hoping that will be representing
the entire world.
And this would be the recruitment ground
for you guys.
So, I would like you to go out there,
put your projects out there
and try to select students who have
the skills and the capabilities
that you need so that your project
is a success.
- Hi. I would like to ask. Every student
can propose their own project?
- Yes.
- So, what if I don't propose?
I just join whatever project they propose?
I just join them?
Is it possible? Or I need to propose
my own project
and recruit my teammate for my project?
- What I would like to do for the students
who are on campus is really to take lead.
- Oh...
- So, instead of you wait...
Because you see at what stakes
is your mark.
So, I don't want you to just wait.
So, part of it is really that leadership.
So, as I told you, there is an entire
system that we are putting in place,
so that you are able to select
the right project,
and that includes a number of talks
of successful entrepreneurs,
who will tell you what has worked
what hasn't worked, the failures
that they have been through.
And these are people, some of them
are actually from overseas.
I have speakers from Australia,
from Singapore. They are coming
all the way here to speak to you.
And I have also some very successful
entrepreneurs from Malaysia.
And as I told you, some are engineers,
some are not.
Just to, you know, to get you
into the habit of seeing the value
and seeing an opportunity
where everyone else sees a challenge
and trying to deliver the value
through that.
But a very good question,
thank you very much.
Any other question before I progress?
- So, is there any leads or projects,
or we propose our own one?
- I would like to propose your own.
Because these are not even necessarily
engineering projects.
- Oh...
- Yes. So, as I told you...
We are going to use a new concept
that's called "Crowdfunding."
I'm going to talk about that as well.
So, this course has
many things that maybe are new
to quite a number of us.
And we are going to... I'm going to
show you maybe some of the project
where really what this entrepreneur did,
she just wanted to raise some money
to provide lunch for the homeless,
for I don't know how many days.
And she needed
a 500 Singaporean dollar.
And she raised it within like 2 hours.
Yeah, things like that. So, I wanna
show you some success stories
and we are getting someone from Singapore
to talk to us specifically about
Crowdfunding and things like that.
This is a company that I'm,
for this course, very closely working with.
So, the philosophy of this course is...
Entrepreneurship is not only, to me,
about making money.
But let me check this with you.
Isn't entrepreneurship about making money
or making a difference?
What do you think?
- Because what I think,
since we are proposing a new project
which means we sees opportunity,
so we want to let others to see it too.
So, we need to convince them,
to let them see, to let them know,
what our project can make a difference
in the future,
how it benefits others.
Yeah, something like that.
- Who can remember a name
of a successful entrepreneur?
A person that you think
is a successful entrepreneur.
- Actually know this, this...
he's a friend of mine.
He just became the younger
so-called millionaire in Malaysia.
He's name is Max Lee.
He founded...
He actually started through [inaudible]
through this multimedia,
multilevel, multimedia
So, they move on,
he move on to [inaudible]
and them from [inaudible]
he go on and move on.
- Right. So, what does he do?
- He just... He leverage through
other people's efforts.
- Right. So, what is the value
that he brings?
- He has good management skills.
He has a good...
- That's his capacity. But does he makes
a difference or he just makes money?
- I feel he...
he was very smart in the sense that
he knows how to see the other,
the people's weakness, their needs,
and then he takes advantage of that.
- Right. So, he sees the other people needs
and he help them.
- Yeah. He help them.
- So, you see, unless you
make a difference
I don't think this is
really entrepreneurship.
So, when... You are using iPhone, right?
- Yeah, yeah.
- Can I have it?
- Borrow.
- Oh, I'll borrow it, yeah.
I'll have it for a while.
- So, this was...
When you see the iPhone
is there any name that comes
to your mind of a person?
Steve Jobs, right? So, you just imagine
when he first went into
the mobile phone business,
what was the number one
phone company in the world?
- Nokia.
- Nokia, yeah.
Now, can you imagine he...
You could say he took advantage,
but he provided solution for things that
Nokia was unable to do.
So, an entrepreneur has made a difference
in people's life,
and in the process he made a very
successful company, he made a lot of money.
So, entrepreneurship is, "I believe."
It's not only about making money.
But it's also about when you make money
are you making a difference
in the life of others?
Are you delivering...
These are the things that you'll
be repeated again and again and again.
Are you delivering any value?
Are you solving a challenge
that you know, we are facing.
Are you giving us something that we want
that currently we do not have.
So, it's actually about
making a world a better place.
So, that's why entrepreneurship can happen
can happen in technology,
can happen in banking,
it can happen in education.
So, if there is an entrepreneurial
university or an entrepreneurial lecturer
that make you feel good,
make you learn better,
make you improve your skills
so that you can get better jobs,
that's great, isn't it?
And in the process if that university
becomes famous and rich
that's okay, that's all right.
I personally believe that inside each and
every one of us there is an entrepreneur.
And that entrepreneur,
some of us have him or her awaken
and some of us will need some help
to show us this is actually possible
and we can awaken the entrepreneur within.
And I hope this course
is going to help you
do thing like converting challenges
into opportunities.
So, this gentleman...
What's his name?
- Laurence.
- Laurence. He sees other people
failure and difficulties, and then provide
them something
to help them with,
and convert other people challenge
into his own opportunity.
And in the process, as you say,
he leverages other people.
Is it possible that we get him
to speak to us?
- I can try...
- Please try. Yeah.
That'll be great.
And entrepreneurs are
highly optimistic people.
Actually entrepreneurship
is a very romantic thing.
So if you think about it,
look at...
...restaurant business.
The data tells you
80% of the restaurants
are going to close down.
BUt if you check, but if you ask
an entrepreneur who starting a restaurant
he or she has no doubt
in their mind they will succeed.
And that's very necessary.
We need these people who are
passionate, optimistic and romantic
to try.
So we keep on trying new things,
trying some...
And daring to fail
so that we all can progress.
And likewise if you look at the innovators,
if you look at the inventors,
where they keep on trying and trying
to solve a challenge that everyone thinks
is unsolvable, but they somehow think
they can build that light bulb.
While everyone else say,
"You have failed 1000 times,
what else do you need?"
He say, "No. I'll continue discovering
other ways that are not working."
So, that kind of optimism and romanticism
is actually very, very important.
But, at the same time it's very practical,
it's very hands-on. So, the same
people who are dreamers,
who are romantic and optimistic,
they actually can go out there
and do the work, use their hands
and deliver the value.
And that's very necessary.
Now, if you recall
I have spoken about this to everyone
of you starting the first day
you came to this school. And I say...
If I leave you only with three things
that you've remember is to dream big,
be different and have fun.
And that's really the entire philosophy.
You need to dream big, you need to try
something that maybe no one else has tried,
and you need to do it in a different way.
Don't just follow the other ways that have
the others tried and maybe did not
really succeed.
And in the process you always try
to have fun.
Because when you are having fun,
when you are enjoying what you are doing
that could sustain you especially during
the difficult times.
So, this is literally the philosophy
of the course.
Is to dream big, be different and have fun.
And that's why I'm challenging you.
Do you want to raise 10,000 ringgit?
And then get full mark for the final.
And you could see...
She say I wanna hear the entire story.
There is something hidden there.
Which is great. Yeah.
Now, let me give you an example
of an entrepreneurial story
about an entrepreneur who made no money.
So, this gentleman,
his name is Jerry Sternin
was in the 1990 sent by an organization
called "Save the Children"
to fight malnutrition in Vietnam.
So, he was just sent there.
"Look, malnutrition in Vietnam
is a big issue. Can you please help us?"
He's a doctor as well.
So, the Vietnamese foreign minister
gave him six months to make a difference.
"Can you go and please do something
within six months?"
Now, malnutrition in Vietnam
is caused by three main things:
poor sanitation, poverty
and lack of education.
Can you fix this in six months?
So, there's no education.
Can you fix that in six months?
There's poverty. How can you fix poverty
that has been there for generations?
And this guy was given six months
to make a difference.
And poor sanitation.
How can you fix that?
So, what would you do in such situation?
If you were sent to a foreign country,
he's from the United States
sent to Vietnam,
and asked within six month
to do something about
malnutrition among children.
What would you do?
That's a question.
- Gather our own team.
- So, gather your own team.
To do what?
- Because it's impossible for him alone
to do all these things.
- So, he actually has a team with him.
Yes. So, you have a team.
- Oh, okay. So, basically what I'm thinking
is capacity is most important.
Because more people,
we can divide the job, you know.
- But what is that job?
What would you do?
- Do what... I need to do.
- And what is that?
- I have no idea.
- Okay. So, you have no idea.
But you think that it's doable,
but you don't know how to do it.
And you have six months.
Maybe you'll spend six months
just trying to workout what will you do.
Anyone else would like to try?
- Well, as Jaden said,
the more people it's better.
And that people is not ordinary people
but they have different professionals,
where they can take care
of all the...
- The sanitation...
- Yes. The sanitation, poverty, education.
For example, for education maybe we can
ask for volunteers, educators
and then to give them
education for children.
And for sanitation
we can have professionals,
the experts in that area
to get things done. Yeah.
- Right. And for poverty maybe we ask for
people with money to give some donation.
- Yes. To make some donations.
- Wow. Okay.
So now, let me...
Did you hear what she said?
We need educators to fix the education,
we need some maybe engineers
to help with the sanitation,
and we need people with loads of money
to give out so that we get rid of poverty.
Now, did you really think different?
So now, when you gave me those answers,
did you think in a different way?
This is what people think, right?
- This is what people think.
- Yeah, but... You see, this is an issue
that has been outstanding for generations.
Now, we all know handouts
won't help with poverty.
So, you give them now money, they will
spend it on something and that's it.
Now, we know that education...
To bring you to this level
you have been studying for...
how many years?
- More than 10 years.
- More than 10 years, right?
So, this is not something
that you could fix over...
- Period of six months.
- Exactly. And that's
actually the difference, that what we
would like you to do when you are faced
with a challenge. By the way,
I thank you very much for answering.
You need to be different.
That's a key thing.
So, let's see how did he do it.
He asked a question.
And the question is very simple.
"Are there any very poor families,"
very poor families,
"whose children are bigger and healthier
than a typical child in Vietnam?"
Very simple question. If you go out there,
can you find a poor family
that the child is healthier,
the weight is heavier,
than the typical children. So, that what
he sent his helpers to look at.
And he straight away told them,
"Maybe there are some families
connection in the government.
And the government is giving them
some extra, you know, food, rations.
Discard that. I want a typical family."
Very poor family that has....
If I can do it with them
it means I can do it with anyone else."
The answer was, "Yes."
They found these children.
He say, "Okay. Go and watch
what do the mothers do."
"What are doing that is different
from the other mothers?"
And guess what?
They found out that these mothers
feed their children smaller portion of food
more often during the day.
Everyone else, they feed their children
only three times a bigger amount of food.
These mothers somehow,
they feed their children
smaller portion but more frequently.
That's number one.
Number two, these mothers
all work in the field.
And in the field they find brine shrimps
and the rice paddies
and even some sweet potato
which is considered as "low quality food."
But these mothers they collect,
and they take with them
and they use it with the food
when they cook.
Although this is considered
"low class food,"
but they actually use it
when they cook.
And when serving the children,
they weren't from the bottom of the pot.
And they actually held the child,
so they really feed the child.
So, it seems that there was a solution.
The solution is indigenous.
The solution is available there.
And these few mothers,
few entrepreneurial mothers
actually have found the solution.
So, what did our friend do?
He simply took these actions
that have been working
for a few mothers
and then start educating the mothers,
not about sanitation and poverty,
but how about how to get
the brine shrimp, the sweet potato,
how to cook it with whatever
rice did they have,
how to give the food to the children
with more frequent doses
rather than just three times.
And he even got all these mothers
to be together,
to cook the food together.
And within six months in the places
where he tried his regime
he actually managed to reduce
the malnutrition by 65%.
So, why I'm telling you this story?
Because every time we think of
like business skills
or entrepreneurial skills, we think of
someone out there making money
by selling a product.
And that's not necessarily the case.
And I'm really trying to connect
everything back to our thinking
of dreaming big, being different
and having fun.
Now, let me give you a personal note,
some of you might heard this from me before
but I would like to really repeat it again.
Why I chose to teach this module?
Why do I chose to open this module
for everyone around the world,
have an extra work to do, and not even,
you know, charging them anything.
And the reason is... I live for mission.
And this mission I hope
that I can achieve it through
this school and the university.
And I call it "Mission Zero"
And it's called "Mission Zero"
because it has two zeros in it.
So, the first zero,
I really would like to
make education free.
So, one day, not yet,
you still have to pay fees.
But I really in the not so distant future
anyone who will be joining our school
will not have to pay any tuition fees.
So, that's a zero.
And you may ask, "So, who will pay
for everything that we are having around?"
I really would like
to have all the projects
that you guys have been doing
since semester one and till you graduate
to become entrepreneurial projects that
someone out there will be willing
to pay us to educate you
while the project that you're working on
will solve some challenge for them.
So, imagine instead of you building
X project ot Y project,
someone from the industry,
or someone out there will say,
"I need a chair or a table or a car
or a dryer or a reactor."
And I will employ, sort of,
Vivian and few more students,
so throughout their study
they will develop the project
and they will deliver it.
And I will utilize that money
to pay for her education.
So, this is the first zero
of our "Mission Zero."
The second thing is, I would like
our graduates to have
zero impact on the job market.
The way I see it is this:
Imagine that I have
hundred graduates graduating
this year from my school.
And imagine that 95 of them
seek employment at other companies.
Now, when 95 of my graduates
have gotten an employment,
what did they do to the job market?
They took a job from the job market.
Because any job that you take
you deprive someone else
from that job. Let's face it.
Now, what I would like to have
the remaining five
to be entrepreneurial enough
to have five companies
and for these companies over
couple of years to employ 95 people.
So, some of the graduates
will take jobs,
the other graduates will
put back jobs into the market.
So we have hopefully a neutral impact.
Now, one of the key components of
entrepreneurship is actually job creation.
Because entrepreneurs if they open
a restaurant, if they open a school,
if they open a shop,
they often employ people.
And that's actually a very important,
that's a very important notion.
When you register with Open Learning
you will notice that there is a chat
feature in it. So, the other day I was,
I was online and one of the online
students, she's form South Africa,
she started, you know...
I started actually,
I was the one who engaged her
than she started chatting with me.
And she said she really liked the fact
that we are teaching entrepreneurship.
Because when we create jobs,
when we have people who can create jobs
than less crime will happen.
And she promised to promote the course
further in South Africa because
she thought that this is actually
a very important thing.
So, everyone wants a job.
You want a job, you want a job,
I want a job, she wants a job.
But who is making the jobs?
The government won't be able
to employ everybody.
So, this is the part that
entrepreneurs actually play a role in.
And I would like through that
to create a school that is able to deliver
a sustainable value.
The value will always be there.
Now, I wanna connect entrepreneurship
to our beloved CDIO.
And this is a very interesting thing,
because every time I speak to non-engineers
when I talk to them about CDIO,
they find it amazing because it's
so simple and explains everything.
So, as an entrepreneur
you need to conceive,
and then you need to design the value.
So, you need to think
that what Laurence has thought of.
He saw the need and conceived
a service or a product or a system to...
He thought of it. It has to start with the
thinking, with the thought, with the idea.
And after that you design it,
then you implement it,
and eventually you operate it
or you deploy it into the market.
So, I really would like to continue
spreading the message
that entrepreneurship,
just like engineering, is an actual fact.
Conceiving then designing
then implementing
and eventually operating the value
that we are talking about.
I'll talk a little bit about the different
items that we spoke about
in the relation to
the course work assessment.
So, the project... I would like you
to think of a project,
entrepreneurial project,
something that you would like to build,
and I'd like you to attract between
2 to 5 online students to join you.
Now, you need first to think of the project
and then look what kind of people you want.
So, the example.
If your project is based on website
and you are not a programmer yourself,
then what you need to think of is,
"Can I get a programmer on-board?"
Now, if your project requires some
video graphics and you are not,
you don't have these kind of skills,
then you need to think,
"Can I find someone out there who has
these kind of skills who could actually
help me with that.
So, here what I'm trying to say is,
imagine that you are starting
your own company.
Imagine you are an entrepreneur.
What kind of people you'll be selecting
to join you.
And that's really a very important skill
that not everyone is capable of.
Not everyone has it. Even not everyone
who claims that they are entrepreneurs
or business people have that.
And I would like to really build that
skill into you. Now, maybe the skill
that you want
doesn't exist among the pool,
and that's still fine.
But the key thing is, how you see
the value that you wanna deliver
and how you see who can help you
deliver that value
and how you get them so that you
walk together to deliver that.
The online students may join
other online students,
so that's entirely up to them.
Ultimately if someone
from the online community
have a very interesting project
and you would like to join that,
I'm okay with this.
Now, I would like you to raise funds 
using crowdfunding.
Now, by show of hands,
who does not know
what is crowdfunding?
If you don't know what crowdfunding is,
you raise your hand.
'Kay. So we have few people
who know what crowdfunding is.
Now, crowdfunding is a very interesting
and relatively new way
of raising funds for a project.
Normally, if you have a project
you wanna... Let's say I wanna build,
I wanna have a company
that builds this computer.
And I need huge
amount of money to do that.
Where would I go to seek funds?
So, inve... So, do I go directly...
So, it depends actually...
Sometimes they say the first three
are family, friends and fools.
So, these are people
who may give you money.
But maybe the money is a lot
you really need to go to a bank.
Now, if you go and you haven't built
computer before
will the bank be giving you money?
Not necessarily.
So, this is actually a stage.
Raising the funds, the money for project,
for any entrepreneurial project
is one of the most difficult stages.
Recently a new concept has been used,
and it's called crowdfunding.
So, using the internet there are some
platforms in which
you can actually put a project
and people will come and support you.
Now, you may think like, "Really?
Someone will come and support me?"
But actually there are some platforms.
Like Kickstarter is one of them.
Pozible, which is the company
that I'm working with for this course,
is one of them, that have raised
huge amount of money
through crowd sourcing.
So, the crowd sourcing concept
is very simple.
Let's say, I wanna make this.
And let's say I need
10,000 ringgit to make it.
So, what I would do,
I would put a project on the internet
and I would say, "Look, I'm making this
cool gadget," and if you pre-order this
then by the time I've gotten
a thousand orders"
let's say for this, and let's say
the cost of one is 10 ringgit,
"by the time I've gotten enough
orders to raise 10,000 ringgit
I'll start making it."
So, you literally sell the product first
before you even have made it.
Okay? So, the idea is,
by the end of the semester
you should have raised
enough funds for your project.
And I will follow up with you to ensure
that you will deliver on your promise
by working on it right after the semester.
So, I want you to pick something that you
could actually finish within this year.
So, you need to come up with a project
that you are going to raise the fund
by the end of the semester
and you will be delivering
the value promised to the people
who have supported you
before the end of the year.
So, this is the part about crowdfunding.
Any question?
Yes? Can you... Yeah, he's with you.
Okay.
- Does the fund... I mean, if I were
to raise a fund, let's say
if I'm doing something for Taylors
and it will bring some benefit to it
can I just, can I try to propose
the Taylors request for money?
I mean, is that considered
as a fund raise?
- Okay. What I have made it a point.
I wanted every one of you
to raise the funds through
crowdfunding.
Now, if there is a very compelling
alternative source of funding,
then you need to get my approval
for that first.
I really would like everyone to try
the same way of raising the fund.
Okay. So, what I'm saying,
I would like every one of you,
every one of my students,
both on campus and online,
to utilize the same platform
for raising the funds.
Which is Pozible.com.
Now, that's my intention. Is it clear?
Now, if there is a compelling alternative
source of funding, then we need
to talk about it. So, for example,
you tell me that, "Someone from Taylors
already gave me the money to do this,"
then it's okay. But if you are,
if you not use this platform,
and then go and knock the door
of your university,
and you end up without having
any funds in your hands,
then you will be in a difficult situation.
Is it clear?
If it's not clear you can tell me.
Okay. Can you ask me the question again?
Choice is yours.
So, I want everyone to use
the crowdfunding, Pozible.com.
So, the website looks like this.
I'll actually got to the website.
So, when you raise a project,
you have to put a project there.
Let me just go there to show you.
So, for example, this person
is selling bags.
And he needs that much of money.
He has raised 55% of it.
And he still has 28 days
for this campaign.
So, he will be eventually raising
that money.
Here, I don't know what they are doing,
but... So you can actually click on
and see what's happening.
So, this guy 4,850.
Have raised 121%.
So, he actually exceeded
the amount of money that he's needed.
And you still have 18 hours to go.
This bush mechanics animated film.
So, he wants to make a movie.
And to make it he needs 8,885 dollar.
And he has raised, or she has raised, 88%.
And they still have 14 days to go.
So, the campaign normally goes
for around a month.
And you will be working
on developing your project,
then creating a campaign
to raise the money.
Now, the interesting thing here is,
if you don't raise enough money,
then Pozible, which is the company that
runs this platform, will return the money
that has been pledged back
to the people who have pledged it.
So, it's very important
that you raise the money.
So, it's not like you put a 100,000,
when you get 50,000 you just
pocket the money and leave.
It doesn't work like that.
Because if you say, "I need 10,000,"
and you don't raise 10,000
than guess what?
The money will be returned.
But there'll be a huge learning experience
and there'll be a beautiful
return on failure form to be filled.
So, you will see that I have
designed the course so that
if you go in this direction
and you play very safe
then maybe it's a bit difficult to score.
If you take high risk then...
So, you need to really balance the risk
that you are working with.
And that's a very important
entrepreneurial skill.
This guy want to make a comic book.
That's the amount of money he needs,
and still has 58 days to go.
So, literally this means this started
two days ago. Because the maximum
campaign length that Pozible allows
is 60 days.
So, the fact that he raised 33%
in two days,
indicates that maybe this is a hot item.
Okay?
So, these people have raised 8%.
These guys I think they wanna make
an album.
And they have raised 91%.
And still 27 days to go. Yeah.
So, when you want...
So, what we'll be doing
we have representative of this company
in the third week of this course.
She will be here.
And she'll be running a workshop on how
to run a successful campaign on Pozible.
So, she'll be working with us
very closely to do that.
And by that time I hope that the teams
have sort of finalized,
the projects have been also finalized.
And two weeks after that she will
come again and give us a hands-on
workshop and checks on us
how are we doing.
So, it's actually very exciting way
of raising funds.
And again, it's really...
Crowdfunding itself is promising to change
the way finance works.
There are now websites
that you could sponsor
pregnant mothers in Africa,
or different parts of the world,
so that they can have, you know,
a healthy delivery.
And it costs very little money.
There are websites where you could
pledge certain amount of money
so that a child has surgery to, you know,
to their eyes or something like that.
So, we individually maybe can
pledge only little,
but don't forget there is
7.2 billion people on this planet.
And if you could get a 100,000 of them
to believe in something,
then the power is huge.
Any question about this part
of the course?
Yes, please?
- That means I have to put
my project, must be on this website is it?
- Yes.
- What if in the half way to raise 4,000
and I raise 1,000 on here,
but I got a sponsor, an another company,
which is interested, which he directly
pass me the money,
will you consider be it the 5,000?
- Yes. So, what you will need to do,
you will need to come and see me
and seek approval for that.
- What if you don't approve?
- What if I don't approve?
Then it doesn't happen.
So, you as an entrepreneur should convince
me why should I allow you to do that.
- But I did raise the fund at the end.
- Sure. So now, I have created the course
because I wanted to expose you to
crowdfunding. Now, if you don't want
to be exposed to this,
can you please come and see me
and say, "I'll commit myself
to bring the fund in a different way."?
Then I will discuss.
I'm actually a very reasonable person.
- But what if I did crowdfunding
but I didn't reach the target,
but somehow in out source, or other source,
which happens to... I promote,
you get the money?
- So, we can talk.
- Okay, sure.
- What I'm telling you, entrepreneurship
is about being dynamic, flexible,
and I am very flexible.
I'll be very honest with you. I don't want
people to use personal contacts,
or their family money, so that they say
"We've raised the amount of money."
I'm not saying it's you.
So, let's say for example
he is from a very rich family,
for example.
And he goes to his mum and says,
"Mum, you know this crazy lecturer
said if you pay me 10,000 ringgit
then I can have 50 marks in my pocket.
I don't even need to study the...
And that will raise my mark."
Example. And let's say
she gave him the money.
Do you think it's fair to you? You have
to go and try to convince the others.
That's the simplest reason why I would
like everyone to go through this platform.
However, if there is an alternative
source of fund,
and you can convince me that this is
a genuine fund, I'll 100% consider it.
Is this fair?
- Well, I'll think about it.
- Think about it, yeah.
- For example, if a rich family,
he can just simply to just register and...
- Yes, you can. But we can...
You are right. Actually you are right.
You are right. So now,
tell me what's your request.
- I currently have a few ideas actually
but I don't really have a plan yet.
- Sure. So later when you find
that this idea has a sort of a ready
person to finance it, can you just
run it by me?
And then I'll allow you to go
without running this.
- Okay, sure.
- Is that fair enough?
- Yeah.
- Yes. So, what I'm saying is,
if I can put everyone through this,
because this is... You see, everyone knows
to raise fund. You go to the family,
to the friends,
you maybe speak to the venture capitalist.
This is how things have been done
for the past hundred year. Now, there is
a new thing called crowdfunding,
and I wanted you to experience it.
I just wanted you to learn from that.
It's a different kind of experience.
However, if you feel strongly about
that project and that source of finance,
and maybe that source of finance
is very suitable for the project
that you want,
and you can get it within 14 weeks, okay.
I will seriously consider it.
So, just write an email, come and see me
and then we'll discuss.
Now, there is a key thing,
I want you to have a team,
and your team needs to be
from the online students.
And the reason for this because... Again,
just to tell, because I wanna train you.
And working with people
maybe you haven't met before.
I wanna train you to work with people
who are living on different timezones,
and learn how to use the technology
to connect with them and convince them
about your idea, communicate with them
clearly and things like that.
These are highly sought after skills.
If you are seeking employment later,
this course could be something
that will get you the job.
You said, "I had a team,
from people from four different continents.
We managed to work together to raise
10,000 ringgit within 14 weeks
and we've deliver this value
and we've learned that much,
which is the key thing here, learning.
Okay, is it clear?
There is something that we need to do
on a daily basis.
And that's called "Brain rewiring."
Now, when you go and register
on Open Learning,
you will find a page that's called
"Brain Rewiring page."
And the whole premise of this exercise
is very simple.
All our brains are wired to detect
negative stimulus.
So, for example, if I ask you now,
what are the bad things happening to you?
Most likely you will tell me few things
that are not working in your life.
And if there is a bomb explosion here,
your brain will make you
gather all your forces and run away
from the class without regards to me
or regards to your mobile phone.
So, we are wired to detect if there is
anything that's not going right
in our life. If you have pain,
you will feel it right now.
Now, there is a way to rewire our brains
so that they pick the positive as well.
And this happens through training.
So, what I would like you to do
starting today
is to think on a daily basis of the five
things that you are grateful for.
Today. And report them online.
And I will do this exercise with you.
Can you think of five things
that you are grateful for today?
- Seriously?
- Seriously. Yes. Yeah.
- Um... grateful...
I'm grateful for being born in this world.
- 'Kay. So, grateful for being born...
It's not on. Can you turn it on?
Sorry. Yeah. Okay. So, repeat, yes.
- I think that what I'm grateful for
is that maybe being born in this world
and having a good family, can be
a good brother for my sister.
- That's three, right?
- Three, yes.
- Have a good friend, such as him.
- Right.
- And Winwan(?) there.
And have a good lecturer also.
- Right. Have a good lecturer. Oh, okay.
That you should be grateful for.
Now, was it, actually you really
need to think, right?
It's a tedious thing. But, you know,
you should be grateful for your hair,
grateful for your eyes...
Did you have lunch?
- Yeah. No!
- No? Did you have breakfast?
- Yes.
- Do you have some money in your wallet?
- Yes.
- So, these are actually things
that not everyone has.
You know, the fact that you can speak,
not everyone has that.
And these are things that we need
to be grateful for.
Now, whatever you are grateful for...
How many of you had
running water this morning?
Yeah. So, okay, who is under
water rationing?
Okay. So now, when you are under
water rationing,
you feel really like you really
miss the hot showers
that half an hour that you used to take.
But guess what?
When you had that shower,
you don't think that this is something
you should be grateful for,
because... Yeah?
Sorry?
- On a daily basis?
- Yeah, on a daily basis. But, you see,
these things, we could lose them like that.
And that's the key thing.
So, this exercise, the brain rewiring,
the daily exercise of brain rewiring,
will help each and every one of us
to be able to see the positive
not only the negative.
Now, what is going to happen is,
in the beginning you'll find it difficult,
awkward, but as time goes by
two things will happen.
First, you will start to enjoy it,
and secondly, it will become easier.
I have one of my foundation
and engineering students,
'cause I do the brain rewiring exercise
with them as well,
he reports 50 things that he's grateful for
on a daily basis.
And if you think about it, I'm grateful for
this finger and this finger and this finger
the fact that I can stand,
the fact that I can speak to you,
the fact that I'm healthy, I have a car,
I had water, I have my computer,
I have these people to help me.
I mean, there are so many things.
Now, if there is one thing that's
not working for you, so let's say,
you have the nicest car,
you have money,
but when you came you drove your car
you couldn't find the car park.
You won't be grateful for your nice car,
you'll be very angry because
you couldn't find parking.
And that's normal.
We are all wired like that.
But I hope that through this course
we will generate an alternative wiring,
we call it "rewiring."
So, we will rewire our brain
so that by the end of 14 weeks
we will think differently.
We will be able to detect the positive,
not only the negative.
Okay? So, what I would like you
to do today...
And please, if you are not clear
you have to let me know.
I want each and every one of you
to go to OpenLearning.com
OpenLearning.com, OpenLearning,
one word, dot com.
You will have many courses down there.
And then there is a course
called Global Entrepreneurship.
You will see Taylors...
The word Taylors, you know, near
the roundabout we have a picture of that.
Click on this and get registered.
So, that straight away will earn
Taylors some medals.
And hopefully we'll have more students
than Qatar. Yes, yes.
And then, in few days, you will have
a video of this lecture online as well.
And please perform your daily
brain rewiring,
and I shall see you on Friday.
Do you have any questions?
So, if you have no questions,
I would like to thank you very much
for coming and I wish you
a very happy semester.
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