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Global environmental challenges and engineering solutions, ENGINEERING…
Global environmental challenges and
engineering solutions
Examples by the Mitsubishi Electric
Group Pertaining to SDGs
Ensure Access to Water, Sanitation, and Sustainable Management
Securing Sustainable Energy and Expanding Its Use
Securing a Sustainable Production and Consumption
Climate Change and Mitigating Its Effects
Conserve and sustainably use the oceans, seas and marine resources
Protecting and Restoring Ecosystems, and Preventing the Loss of Biodiversity
Impact of globalization and offshoring on engineering employment
The Pros
Lower priced goods and services are good for all consumers
It will help improve the economies of poorer countries.
Companies must do what's best for their investors.
The Cons
o Foreign workers do not contribute to the country or other taxes
Prices drop only marginally
The considerable profits to be made from offshoring are retained by the rich,
while the middle class pays higher taxes and loses purchasing power
Companies could save more by offshoring the CEO job
Who is the 21st Century Engineer?
A successful engineer is one who can:
Participate in teams effectively
Document faithfully
Persuade respectfully
Explain clearly
Organize realistically
Deal with complexity comfortably
ENGINEERING ENTREPRENEURSHIP
DEFINITION
Entrepreneurship
the practice of starting new organisations or reactivating mature ones
the integration of business management with engineering/technical skills leading to the formation of engineer-entrepreneurs
ADVANTAGES OF ENGINEERING ENTREPRENEURSHIP
Development of entrepreneurial qualities and attitudes
Development of more industries, particularly in rural areas
Availability of more goods and services
Healthy competition, leading to higher product quality
IMPORTANCE OF ENGINEERING ENTREPRENEURSHIP
Developed countries are continually searching for markets for their products
Developing countries are becoming dumping ground for goods produced in other parts of the world.
SOURCES OF FUNDING
Profit plough-back
Loans from friends
Personal savings
Sale of securities
Hire purchase
QUALITIES OF AN ENGINEER-ENTREPRENEUR
Able to design sound business plan
Adequate computer skills
Creative and inquisitive mind
Convincing speaker and attentive listener
TRAINING IN ENGINEERING ENTREPRENEURSHIP
recommended courses
Cost Control
Financial Accounting and Reporting
Leadership
Technological Entrepreneurship
Engineering Management
Marketing Management
WAY FORWARD
Local Government
Should provide the enabling environment that will make it easy for the entrepreneur to set up and operate
State Government
Should encourage local governments to assist interested entrepreneurs
Federal Government
Should harmonize all forms of taxes and levies in order to prevent multiple taxations
Professional Bodies
Should ensure that adequate number of techno-entrepreneurship courses is introduced into the curriculum of polytechnics and universities
NURATIQAH SHAMSUDDIN (DE170153)