Tan Sri Mustapha Kamal Abu Bakar

SUCCESSFUL ENTREPRENEUR BASED ON ENTREPRENEUR TRAITS

Biography   

Company : MK Land Holdings Berhad

Entrepreneur : Tan Sri Mustapha Kamal Abu Bakar

Age : 66 years old

Birth Date : 18 March 1949

Birth Place : Kampong Changkat, Pusing, Perak

Education Level : Bachelor’s Degree in History, Universiti Malaya

Education Award : 2012,  Honorary Degree of Doctor of Philosophy (Development Sustainable Property) by UUM
 : 2003,Honorary Degree, Doctor of Philosophy (Business Entrepreneurship) from (UiTM)

Began Business Date : 1983

Position : Chef Executive Office

His Wife : Puan Sri Wan Nong Wan Ibrahim

His children : Ahmad Khalif and Felina

Hobbies  : Music, reading and planting

Award  : 1997, FIABCI Property Man of The Year Award.
 : 2001, Construction Industry Outstanding Personality of The Year Award by the Construction Industry
: 2006, Presidential Award from the Dewan Pern Melaya Malaysia

Tan Sri Mustapha Kamal Abu Bakar was appointed as the Executive Chairman of MK Land Holdings Berhad which is development property company which estimated on 2 August 1978 and also listed on PM Securities berhad in Kuala Lumpur on 8 Jun 1992.Currently, MK Land Holding Berhad called as Perfect Food Industries Sdn. Bhd which is food production company. He also owed food factory in Malacca. His food business is not very good day by day. So that, he want ending his food business then change began new business that is land property company which is MK Land Holdings Berhad on 27 August 1999. However,MK Land Holdings Berhad sell all its shares in Perfect Food Manufacturing (M) SdnBhd, Markins Corporations SdnBhd and Fairway Review SdnBhd for RM6,739,674 on June 2003. This is because Tan Sri Mustapha intends to focus on real estate development and investment.

Firstly, Tan Sri Mustapha Kamal Abu Bakar is a visionary entrepreneur. His visionary clearly want his business become as the biggest capital property business in Malaysia. Under the leadership of Tan Sri Mustapha, MK Land Holdings Berhad involved in many projects especially is housing project. For example, the housing project is DamansaraPerdana and DamansaraDamai both in Petaling Jaya. The projectsshow have strategic location which in Golden Triangle Petaling Jaya.Now, the area emerging as a shopping, fashion, food and entertainment with shopping malls like One Utama, IKEA, Tesco, The Curve and Cathay Cineleisure. Therefore, he successfully finish his large housing project that attract many people to interest it. So that, Many people are buying his house in city. There situation show that he really complete his mission. Day by day, he successfully develop his project to expand his housing in whole Malaysia. His successful really achievehis large visionary.

Secondly, Tan Sri Mustapha Kamal Abu Bakar also is a proactive entrepreneur. He proactive operate variety of business that are hotel, resort, golf course, water park and distribution of food.For example, Prominent Valley Berhad which is engaged in operating golf courses and also Idol plastic Sdn. Bhdwhich is engaged in hotel operation. Both company are subsidiary of MK Land Holdings Berhad with 100 percent interes.Apart from that, Markins International (HK) Ltd, an associate of MK Land Holdings Berhad with 14 percent interest. The company is engaged in the distribution of food.In the same time, Budget Unggul Sdn. Bhd,  subsidiary of MK Land Holdings Berhad with 100 percent interest. The company is engaged in property management. From these case, he really owed many variety of subsidiary for his business. These subsidiary can help him earned extra profit to expand his business for achieve his vision that is become as the biggest capital property business in Malaysia. These situation show that he really is a proactive behavior of entrepreneur.  

Thirdly, Tan Sri Mustapha Kamal Abu Bakar also is observant entrepreneur. He really take opportunity to start operate land property business. This is because many entrepreneur didn’t bravely involve in land property business because need a lot of money to start this business. So that, he sell all share from previously food industry company to invest his new land property business that called MK Land Holdings Berhad. Now, MK Land Holdings Berhad involved in many projects especially is housing project. For example, the largest housing project is Damansara Perdana and Damansara Damai, both in Petaling Jaya. Finally, the housing project successfully attract many people to interest it. He take opportunity involve in land property is right way. In general, Tan Sri Mustapha Kamal Abu Bakar really is a observant behavior of entrepreneur because he rightly expand his land property business.

Fourthly, Tan Sri Mustapha Kamal Abu Bakar also is outcome oriented entrepreneur. As result, he successfully complete his largest housing project that is Damansara Perdana and Damansara Damai, both in Petaling Jaya to attract many people interest it.Apart from that, he received numerous awards from many governance agencies when he successfully compete his housing project .For example, he accepted the Outstanding Entrepreneur Award in 1995 by the Selangor Malay Chamber of Commerce Malaysia, FIABCI Property Man of The Year Award 1997 and the Award for Outstanding Personality of the Year 2001 Construction Industry Construction Industry Development Board (CIDB) Malaysia. In the same time, He also received the 2002 Fellowship Award from HRH DPMMKL Yang Di-PertuanAgong and the Special Award MaalHijrah 2003 from Raja Muda of Perak. These acceptance of awards show that he is outcome oriented behavior of entrepreneur.

Finally, Tan Sri Mustapha Kamal Abu Bakar also is open risk taking entrepreneur. He take risk when he want start addressing his house project that is DamansaraPerdana and DamansaraDamai, both in Petaling Jaya. This is because he face high cost of building material, lack of worker and lack of experience for build house during implementing the housing project.So that, he still determine addressing his housing project without any assist. Finally, he successfully complete his large housing project and also attract many investor to invest his housing project for continuously expand his business. In summary, he really is open risk taker behavior of entrepreneur because he willing take risk during addressing his project. 

In conclusion, Tan Sri Mustapha Kamal Abu Bakar is open risk taker, observant, visionary, outcome oriented and also proactive entrepreneur. With these five behavior, he will be become successful local entrepreneur in Malaysia and also called billionaire land property business man.