Assignment

Based on A Case Study of A Successful EntrepreneurAHM Mustafa Kamal

FCA, MP, President & CEO

Prepared forMr. Shuvabrata Saha,

Lecturer,
Department of Accounting & Information systems,
Comilla University.

Prepared byMembers of group includesSaleha Chowdhury, Roll: 16,

Md. Rakibul Islam, Roll: 17,
Tahmina Manna, Roll: 33,
Dilara Begum, Roll: 41,
Session- 2006-2007, 1st Batch,
4th Year, 1st semester,
Department of Accounting & Information Syestems ,
Comilla University.

Submission dateMay 2, 2011.

Comilla University
Salmanpur, Kotbari
Comilla
April 30,
Mr. Shuvabrata Saha,
Lecturer,
Department of Accounting & Information Systems,
Comilla University.
Subject: Submission of Assignment of a Case Study on A Successful
Entrepreneur.
Dear Sir,
With due respect, we are submitting this assignment on the topic of a Case
Study on A Successful Entrepreneur under the requirement of the course
Business Environment And Entrepreneurship Development, as you
have asked us to prepare it on last March 30.
We all are thankful to you for your concrete knowledge about the subject
matter that helped us to lead the assignment to its successful competition.
We have prepared this according to class lecture and through a group
practical work. And we hope that this assignment will help us in
accomplishing future entrepreneurial matters. If you face any disorder or
mistakes in interpreting this term paper than please inform us. So that we
can correct our mistakes as early as possible.

Sincerely Yours,
Tahmina Mannan
On behalf of the group,
Department of Accounting & Information Systems,
Comilla University.

The preparation of an assignment and its accomplishment

successfully is quiet impossible except someone who can sincerely and
constructively assists us to make an assignment in a benefiting manner. And
thus we would like to specially extend thanks to our honorable course
teacher, Mr. Shuvabrata Saha, for his guidelines, valuable insights and
suggestions regarding the preparation of the assignment to its completion.
It is a great pleasure in submitting the assignment. Which is the
outcome of our preparing program of a Case Study on A Successful
Entrepreneur under the course Business Environment And
Entrepreneurship Development
We are truly gratified and grateful to our honorable Sir, who for the
first time made a chance for us to go outside for practical work and made a
confidence on us to do such courageous tasks successfully. We hope in
future we will get his assistance to make such kind of study and we also
hope we will get his solitude indications and valuable advice in future as
always.
At last we shall be grateful to those person who read this
assignment and who shall get benefit from this at present and in future.

Tahmina Mannan,
On behalf of The Group,
Department of Accounting & Information Systems,
Comilla University.

We are given a case study to prepare an assignment on a successful

entrepreneur all over Bangladesh. And in this manner we selected one of the
most successful and renowned entrepreneur, businessman and politician of
Bangladesh- AHM Mustafa Kamal, FCA, MP, President & CEO.
The executive summary that results from this study are to add the followingPersonal Profile
Business profile
Personal Interview
Requirements
Entrepreneur

compared

to

be

Successful

Letter forwarded to Course Coordinator

Supporting these above topic the following findings and conclusions drawn
from the study.
Firstly, we have discussed here Mr. kamals personal profile, which includes
his basic information, personal information, early life ,education life,
professional life, political life and his over all biography.
Secondly, we have discussed about his business profile that concludes his
categories of business, services, related businesses and companies in short.
Then we have presented the most important part of this case study that is the
Personal Interview of Mr. Kamal. And we also try to highlight the
requirement compared to be a successful entrepreneur that is the
characteristics, qualities, theories and comment on him.
Finally we have submitted a letter of Mr. Kamal that is forwarded to Our
honourable Course Coordinator.

Assignment Concludes:

Page no:

Personal Profile

Business profile

Personal Interview

13

Requirements compared to be a Successful Entrepreneur

21

Letter Forwarded to the Course Coordinator

27

Recommendation

28

Conclusion

28

Bibliography

29

entrepreneur in

Basic

AHM Mustafa Kamal, FCA, MP

President & CEO

Name: AHM Mustafa Kamal

Birthday: June 15, 1949
Gender: Male
Father: Haji Md. Babru Mian
Brothers & Sisters: Two Brothers & One Sister.
Village: Dutiapur.
District: Comila.
Wife : Kashmiri Kamal

Successful
Bangladesh

Information:

Daughters: Kashfi and Nafisa Kamal.

Affiliation: Bangladesh Cricket Board, President
Company Name: LOTUS -KAMAL GROUP
Address: 49 Gulshan South Avenue, Gulshan-2
City: Dhaka
Phone: 603437, 9885361-63, 8821153
Web: www.lighthousebd.comwww.lighthousebd.com

Awards: CHAIRMAN,
PRESIDENT,
PRESIDENT,
CHAIRMAN,

ABAHANI CRICKET COMMITTEE

BANGLADESH CRICKET BOARD
ASIAN CRICKET COUNCIL
INTERNATIONAL CRICKET COUNCIL AUDIT

COMMITTEE
MEMBER OF PARLIAMENT, BANGLADESH
CHAIRMAN, PARLIAMENTARY STANDING COMMITTEE
ON FINANCE MINISTRY

Personal Information:
Mr kamal married to Kashmiri Kamal. He has two daughters- Kashfi and
Nafisa Kamal. Along with his two daughters he is further strengthened
by a pair of young men. His grandsons Aveir and Zahraan. In between
frequent family trips aboard and relaxed holidays at home, Kamal
catches up on his very valuable family time that finds him playing
with his grandsons, watching sports with his daughters on tv, eating
out, debating on politics, reading and entertaining. Politics and Cricket
take up most of his personal life and whatever remains is consumed in

reading and writing. Kamal is not only an avid reader and writer but is
constantly hungry for knowledge in world politics, religion, the
english premier league, economic index and current affairs. Kamal is
one Bangladesh's earliest FCAs and a very patriotic sports lover and
this strikers a perfect balance between his personal and professional
lives.
Early life :
A. H. M Mustafa Kamal (Lotus Kamal) was born at June 15, 1947 at
Dutiapur, Bagmara Union, Laksham, Comilla. He was born in a
middle class family. His fathers name is Hazi Babru Mian. He was a
poor, simple, honest farmer in his village and never went to school for
education. But he was very much encouraging Mr. Kamal for
education. He mentions his father was the best father of the world. Mr.
Kamal completed his education with the economic help of other
people. In his college life he met his educational expense by lodging
and tution at others home. Although he was not affluent he gave the
half of his scholarship money to the poor students. He have two
brothers and one sister. He is a very polite person.
Education Life :
Mr. Kamal was a very bright student in his education life. He passed
S.S.C from Bagmara High School in 1962 and H.S.C from Comilla
Victoria Govt. College in 1964. He completed his graduation from
Chittagong Govt. Commerce College under Dhaka University and Master
degree in 1968 from the same University. Mr. Kamal stood first in
Chartered Accountancy examination in 1970. He is the first Bangladeshi
who achieved this extra ordinary success.
Professional Life :
From 1971 to 1978 Mr. Kamal associated with chartered Accountancy
profession as an accountant. After that he started to establish different
industries in Bangladesh under the Lotus Kamal Group. At present a
several number of business industries are conducted under LK Group. Mr
Kama is the President of the Group of Industries. Under this group
import export, textile, spinning, knitting, garments, leather, engineering,
wood processing, HM development & export. Medical services etc.

business industries are directed. In addition he is also attached with joint

venture of foreign country relating to knitting and spinning mill. LK
Group is the only joint producer of cricket bat with England & Pakistan.
Besides this LK Group established an Industrial Park at Lalmai.
Political life :
By the time of his student life LK had very enthusiasm of politics. He
was more active in politics beside his education. At Chittagong Govt.
Commerce College he was the assistant president of Chatraleague. In
different time Mr. Kamal was the auditor of student Kabinate in the
college.
Mr. Kamal always supports the independence of human being as well as
Bangladesh. That is why he believes that for the liberation every citizen
of Bangladesh is beneficial by the scale of economy, prosperity etc.
Mr. Lotus Kamal is an ideal of other politician.

Bangladesh cricket enthusiast and Abahani club organiser and ruling Awami
League MP A H M Mostafa Kamal, better known as Lotus Kamal is the
current president of Bangladesh Cricket Board. The government on Sept
2009 appointed him as the position of BCB president. He took office after
17 years as the chairman of Abahani cricket committee, which made him a
popular
choice
for
the
coveted
post.
"I want to work with responsibility. This is not a political platform. We will
not do anything on political considerations. Board members will work
according to their capabilities," Kamal said to bdnews24.com after the
appointment.
.Kamal, a Comilla-9 lawmaker also heads the parliamentary standing
committee on finance ministry. Along the same line he has furthermore been
appointed by the International Cricket Council (ICC) to become the
Chairman of the ICC's Audit Committee. This is the first time that a

representative from the BCB in the ICC and the IDI has been chosen for this
prestigious position..
The role of the Audit Committee is to review the ICC's financial reporting
process, the system of internal control and management of financial risks,
the audit process and ICC's process for monitoring compliance with laws
and
regulations
and
its
own
code
of
ethics.
Kamal added greater honour and success to our cricket history by being
appointed as the 21st president of the Asian Cricket Council following the
annual general meeting held in Singapore in June 2010. He was one of the
12 members of the previous ACC executive committee. Kamal hoped that
Bangladesh cricket would gain substantial progress in cricket in the next two
years taking cooperation of Asian Cricket Council and International Cricket
Council
where
he
holds
brass
positions
simultaneously.
His recent achievement has been a momentous one in the history of
Bangladesh Cricket as he successfully accomplished hosting the ICC World
Cup 2011 Opening Ceremony in February 2011.
Barely 10 years after being given Test status, it was a giant leap for
Bangladesh as a nation as the minnows, known to pull off stunning wins in
big events, hosted perhaps the biggest sporting show so far in their history.
Bangladesh proudly hosted their biggest sporting event which we can say
the most successful and amazing opening ceremony in the cricket history at
the renovated Bangabandhu Stadium in Dhaka in front of 25,000 spectators
and millions of cricket lovers watching around the world.

The Cricket world cup 2011 opening ceremony held at Dhaka registered a
rating of 9.69 by IMG, just behind the Beijing Olympic (9.78). Even the
FIFA WC 2010 opening ceremony is behind us with a rating of 9.58.
Kamal vowed that the 2011 ICC World Cup would take Bangladesh to new
heights on the world's sports map.
Kamal is the president and chief executive officer of Lotus Kamal Group, a
business conglomerate involved in a number of business disciplines
covering manufacturing, trading, services and real estate sectors.
All the business enterprises coming under LK is founded by Mr. AHM
Mustafa kamal, FCA, MP who is also the President & CEO of the Group.
Mr. Kamal is a brilliant Chartered Accountant who qualified in the year 1970
from the Institute of Chartered Accountants of Pakistan occupying 1st
position. After putting in about a decade's service in the profession as a
Public Accountant Mr. Kamal started his business career in the year 1981 by
establishing his first manufacturing unit title Lotus Engineering Industries
Ltd,. a project involved in the manufacturing of jute and textile mills
machinery and spares

Welcome to Lotus Kamal Group

Lotus Kamal Group (LK ), a business house involved in a number of
business disciplines covering manufacturing, trading, services and real estate
sectors.
All the business enterprises coming under LK is founded by Mr. AHM
Mustafa kamal, FCA, MP who is also the President & CEO of the Group.
Mr. Kamal is a brilliant Chartered Accountant who qualified in the year 1970
from the Institute of Chartered Accountants of Pakistan occupying 1st

position. After putting in about a decade's service in the profession as a

Public Accountant Mr. Kamal started his business career in the year 1981 by
establishing his first manufacturing unit title Lotus Engineering Industries
Ltd,. a project involved in the manufacturing of jute and textile mills
machinery and spares.
Mr. Kamal has rich personal contacts apart from Bangladesh also in the
countries of Saudi Arabia , United Kingdom, Malaysia, South Korea, India
and Pakistan and for a number of LK units he has either equity participation
from overseas partners and /or a technical support.
LK is currently consists of 19 business enterprises of which 9 are in the
manufacturing, 5 in the service, 2 in the trading and the remaining 3 are in
the real estate sectors .
.

Category: Business & Services / Group of Companies

Categories:
Agricultural Products & Services
Art & Culture
Automotive
Book, Stationery & Supplies
Business & Services
Chemical & Paper
Childrens Goods
Community & Organizations
Computer & Internet
Consultancy & Construction
Education & Career
Electrical & Electronic
Fashion & Jewelry
Food & Beverage

Garments & Accessories

Health & Medicine
Household & Handicrafts
Jute Goods & Tea
Leather & Leather Goods
Machinery & Equipment
Mills & Industries
News & Media
Oil & Gas Industries
Plastic & Rubbers
Real Estate
Recreation & Fitness
Shopping & Greetings
Telecommunication
Tour & Travel

Our Company's
Lotus Engineering Industries Ltd. (Manufacturing Sector)
Year of establishment

: 1981

Type of company

: Private Limited Company.

Major
: 100% owned by Mr. Kamal and his family members.
shareholders/partners
Employment strength

: 60

Annual turnover

: Taka 20 million

Nature of business

: Manufacture of jute and textile Mills machinery spares and agricultural

implements.

Hardwood Dimensions (Bangladesh) Ltd. (Manufacturing Sector)

Year of establishment

: 1986

Type of company

: Private Limited Company .

Major shareholders/partners

: 45% owned by Hardwood Dimensions

Limited, UK, 9% owner by Freeman Sports,
Pakistan and 46% owned by Mr. Kamal and
his family members.

Employment strength

: 50

Annual turnover

: Taka 15 million

Nature of business

: Industrial wood processing, sports goods.

CMC-Kamal Textile Mills Ltd. (Textile and Spinning Sector)

Year of establishment

1995

Type of company

Public Limited Company.

Major shareholders/partners

50% owned by General Public and

different financial institutions and 50% by
Mr. Kamal and his family members.

Employment strength

900

Annual turnover

Taka 360 million

Nature of business

Cotton yarn spinning having 25000

conventional spindles and 2000 open end
spinning rotors.

Lotus- Kamal Spinning Mills Ltd. (Textile and Spinning Sector)

Year of establishment

2001

Type of company

Public Limited Company.

Major shareholders/partners

100% owned by Mr. Kamal and his family

members.

Employment strength

1100

Annual turnover

Taka 480 million

Nature of business

Cotton yarn spinning having 25000 conventional

spindles and 3000 Schlafhorst autocoros.

Lotus-Kamal Knitwear Ltd. (Textile Sector)

Year of establishment

: 2002

Type of company

: Public Limited Company.

Major shareholders/partners

: 100% owned by Mr. Kamal and his family

members.

Employment strength

: 150

Annual turnover

: Taka 180 million

Nature of business

: Knitting, dyeing and finishing of knit

fabrics.

Samwon- LK Electronics Ltd. (Manufacturing Sector)

Year of establishment

: 2003

Type of company

: Public Limited Company.

Major shareholders/partners

: 50% owned by Leap techno Ltd. , Korea

and 50% owned by Mr. Kamal and his
family members.

Employment strength

: 150

Annual turnover

: Taka 200 million

Nature of business

: Manufacturer of colour television LCD

monitors computers and other household
appliances.

Prolexus Lotus-Kamal Ltd. & JoyLine (Garments Manufacturing & Sourcing

Sector)
Year of establishment

: 1998

Type of company

: Public Limited Company.

Major shareholders/partners

: 49% owned by Mr. Kamal and his family

members and 51% owned by Prolexus
Berhad, Malaysia.

Employment strength

: 300

Annual turnover

: Taka 200 million

Nature of business

: Knit and oven garments.

Lotus-Kamal Holding Co. Ltd. (Service Sector)

Year of establishment

: 1999

Type of company

: Public Limited Company.

Major shareholders/partners

: 100% owned by Mr. Kamal and his family

members.

Employment strength

: 15

Annual turnover

: Taka 400 million

Nature of business

: Marketing and distribution.

Lotus Bangladesh Ltd. (Trading Sector)

Year of establishment

: 1981

Type of company

: Public Limited Company.

Major shareholders/partners

: 100% owned by Mr. Kamal and his family members.

Employment strength

: 20

Annual turnover

: Taka 400 million

Nature of business

: Marketing and distribution

Asia Pacific General Insurance Co. Ltd. (Service Sector)

Year of establishment

: 2000

Type of company

: Public Limited Company.

Major
shareholders/partners

: 28% owned by Mr. Kamal and his family members and 72% owned by
other business associates.

Employment strength

: 100

Annual turnover

: Taka 42 million

Nature of business

: General Insurance

Orbital Enterprise . (Service Sector)

Year of establishment

: 1986

Type of company

: Partnership firm.

Major shareholders/partners

: 100% owned by Mr. Kamal and his family members.

Employment strength

: 52

Annual turnover

: Taka 425 million

Nature of business

: Human resources and development and exports

Gulshan Medicare. (Service Sector)

Year of establishment

: 1991

Type of company

: Partnership firm.

Major
shareholders/partners

: 100% owned by Mr. Kamal and his family members.

Employment strength

: 25

Annual turnover

: Taka 12 million

Nature of business

: Medical Diagnostic Center

Akar Design. (Real Estate & Related Sector)

Year of establishment

: 1991

Type of company

: Partnership firm.

Major shareholders/partners

: 100% owned by Mr. Kamal and his family members.

Employment strength

: 25

Orient Education Ltd. (Service Sector)

Year of establishment

: 2004

Type of company

: Private Limited Company

Major shareholders/partners : 100% owned by Mr. Kamal and his family members.
Employment strength

: 30

Annual turnover

: Taka 20 million

Nature of business

: Imparting need based education to our young stars:

English Medium School

Akar Design. (Real Estate & Related Sector)

Year of establishment

: 1991

Type of company

: Partnership firm.

Major
shareholders/partners

: 100% owned by Mr. Kamal and his family members.

Employment strength

: 25

Annual turnover

: Taka 30 million

Nature of business

: Architectural design and interior

Lotus-Kamal Automobiles Ltd.

Year of establishment

: 2005

Type of company

: Private Limited Company.

Major
shareholders/partners

: 100% owned by Mr. Kamal and his family members.

Employment strength

: 60

Annual turnover

: Taka 100 million

Nature of business

: Import of automobiles and spare parts,

distributorship of automobiles, servicing centre, etc.

The annual turnover of LK is estimated to be taka 3500 million and

in dollar terms it comes approximately to US$ 60 million and the
group employment stands at around 4000 personal.

Question-1: Assalamualaikum Sir. First of all we are heartly congratulates

you for successfully arranging such a glorious Opening Ceremony of ICC
world Cup 2011 for the first time in Bangladesh.
Mr. Kamal: Thank you. I am also feeling honored and proud to arrange this
gigantic task and grateful to our honourable Prime Minister for believing
me.
Questions-2: Sir we all are from Department of Accounting & Information
Systems, Comilla University. Mr. Bishwajit Chandra Deb is the
Chairman of our department. Our honourable course teacher Mr.
Shuvabrata Saha has assigned us a case study on one of the most
successful entrepreneur of Bangladesh and on the basis of which we have
to submit an assignment. We have chosen instantly you without any
doubt as we know that you are one of the most famous, renowned and
successful entrepreneur in our country.
Mr. Kamal: Its my honour that you have chosen me. I am also from
Comilla, its my birth place and I am very knowledgeable about all the
history behind the establishment of Comilla University. I was also a part
of that procession. I am very happy that at last we have achieved it. And
also happy to see all of you, the students of Comilla University here. You
can ask me any question without any hesitation.
Questions-3: Sir, as an entrepreneur, a successful entrepreneur how will you
define entrepreneurship from your point of view? Do you think you are
successful?
Mr. Kamal: I think, entrepreneurship is nothing but some attempt, aptitude,
initiatives with some creative, new innovation of ideas, concepts for
establishing a new business. In this manner I can firmly say that I am
successful. Because whatever I thought, planned, I got them exactly what
I am expected.
Questions-4 : What was your aim in life? Is it your dream from your
childhood that one day you will be a successful entrepreneur,
businessman or a politician?

Mr. Kamal: No, I loved to play cricket. I wanted to be good cricket. I was a
player also, but from my love, attraction towards cricket today I came to
be the Chairman of Bangladesh Cricket Board. It is one of my great
achievement that todays Bangladesh cricket have came at this stage.
Questions-5 : How do you came in business? What was your inspiration to
enter into this field?
Mr. Kamal: It was about in 1970. I read a story of Macdonalds, which is still
a popular fast food company all over the world. Macdonalds started to
launched restaurant from 15 to 20 kilometers away from any city that is
in rural areas. After launching a restaurant they launched a petrol pump
nearby. Like this with establishing every restaurant there is an petrol
pump. And within 6 month the rural area become more developed and
advanced, newer sector expended in a wider area. The landed property
becomes so expensive then in earlier. From this story of Macdonalds I am
inspired and started to buy land from 1979, professionally to establish
business, factory and industries.
Question- 6: How you have started your business and taking initiatives to
make employment opportunities of people?
Mr. Kamal: I think purchasing land was a great investment for me. The land
that was I purchased at 7,000 tk at that time, now it is about 4 crore tk.
Today my office that is in Nikunja, it was bought at about 75 lakh tk in
1990, now it is about 75 crore tk. I was not so interested al land at first.
One of my friend was in Adamzi Jute Mill. One day I with my wife was
going to met with my friend at Adamzi Jute mill. When the shift changed
we saw thousands of worker working there. And my wife started to tell
seeing them Allah bless them who make employment, give opportunities
to these poor people. And then I decided that I will make employment of
10,000 employees. With this ambition I started to buy land for building
factory, industries. When I have started business I got a lot of support
from everyone. I started to build jute mill, textile mill, spinning mill from
that time.
Questions-7: To be a successful entrepreneur what sorts of qualities do you
believe an entrepreneur should have?
Mr. Kamal: I will say, it is honesty, only honesty. If you are honest,
confident and determined towards your job you can do anything. No one

can stop you. Besides this you should have enough knowledge, idea,
experience, towards your business. Your honestly, integrity,
determination and strong desire to become succeeded will influence you,
inspire you to become successful one day. Always think like this that I
have to be number one.
Questions-8: Today you are one of the top level businessman for your huge
achievement, who was the idol behind your successful life. Is there any
other person whose ideology you have followed in your business plan?
Mr. Kamal: I have already told that it was the Macdonald company. Besides
this I always follow the worlds best successful, honest businessman, their
biography, what they love to do, learn. My education, study also helps me
a lot. Humaira Rashid who is the daughter of Central Bank GovernorMr. Rashid, was so famous at that time. Her work, activities, achievement
were the newspaper heading that time. Mr. Ambany who worked in a
petrol pump in Mumbai. Now Ambary group is one of the popular group
in India. Lakhs of people are now employed under this group. They are
also ideal for me whose idology inspired me a lot.
Question-9 : We know behind every successful man there is a contribution
of women. To whom will you give the honour to contribute behind your
reasons of successful life? As we know you are a businessman,
entrepreneur, sport organizer and a politician also. How will you maintain
all of these at a time?
Mr. Kamal: My success can be credited to the three very important women
in my life my wife Kashmiri Kamal and my two daughter- Kashfi and
Nafisa Kamal.
I am not performing all these role by myself. A lot of people are
entangled with me. My wife Ms. Kahmiri Kamal also completed the
Article ship of chartered Accountants course and is activity involved with
business operation of LK Group.My eldest daughter Ms. Kashfi Kamal
and younger daughter Ms Nafisa Kamal are also actively involved in day
to day business affairs of LK Group.
Questions-10: What difficulties you faced in your entire entrepreneurship,
business life? How did you overcome these?

Mr. Kamal : Its not an easy journey for me to reach on this position. A lot
of difficulties I have, suffered from my boyhood. I completed study
myself by tution and lodging. When I a was going to admit in Dhaka
even I had no train ticket and I was brought down from running train.
These kind of hindrance I faced in my student life.
You know I am an active politician. For political co-incidences I had to
stay in jail for 2 years while my business was in very good position.
When I came out from jail I met a net lass of 50 crore tk. Some of my
products LK TV, Monitor etc were banned by govt. I was so frustrated
that time and decided that I will never establish any business again. But
again I have started with my strong determination, aggressiveness
towards this field.
While I was arranging ICC World Cup 2011 Opening Ceremony a lot of
hindrances I have seen. Those people who should help me rather then
they discouraged me for doing the task. ICC also threatened me that there
is a lot of political conflict and arguments on your cricket Board , you
cant accomplish this task. But I was very serious and confident that I can
do it. Today the whole country have seen how Bangladesh is get
introduced, enlighted all over the world through this arrangement. In
ranking Bangladesh is in now number 2 in position.
Questions- 11: What is your future plan, initiatives in Bangladesh and
outside that you have not yet been taken?
Mr. Kamal: You know, that the most valuable resource of our country is
manpower. Day by day this increasing population is becoming a liability
now. We have to turn it to as a productive resources by giving proper
training. The skilled manpower is a real manpower, until it is only the
population or the liability for the country. If in our country there is
nothing else, but we can go further 200 years with our productive
manpower, by proper utilizing it can be a great resource of our country
then any other country cant compete with us. I want to make a sizable
number of industries, more employment for this large number of
population by utilizing this valuable manpower.

I want to play a vital role for developing Bangladesh business sector . My

friends, relative those who are in business, entrepreneurships, I will help
them in expanding their business. I will try to certify proactive rules and
regulations for business by the help of our govt. so that businessman and
entrepreneur can make their business efficiently.
And I am also doing a lot of activities outside the country as I am the
chairman of ICC Audit Committee and the President of Asia Cricket
Council.
Questions-12: Sir, Is there any special attempt or future plan for Comilla?
Mr. Kamal: Yes, you know I have already established an Industrial Park in
Lalmai. Already I have worked for developing Comilla EPZ and a lot of
work I wishes to do in Comilla. Because I want to see Comilla more
developed and enriched than in earlier.
Questions-13 : Sir, except business what are the social activities that you
attached with?
Mr. Kamal: You should always remember the end of any work. Your
mind will remind you where you are neglecting, from .Whatever you
do it should be good for you as well as good for all people surrounding
you. Allah also loves those people who work for the welfare of the
society as well as all over the world. I always try to help my poor
relatives. I have been doing a lot a of activities from my student life for
poor people. I have served people from my scholarship money, tution
fees. Even I am doing a lot of service for developing and factorizing of
peoples good work. And it is our duty to make better service, I always
try to make better service for the welfare of general people and inspire
them to do good activities
Always remember, behind every good kings theres a lot of criticism. But
you should not ignore them, you should observe them and utilizing this
criticism towards your job. One day you will be successful.
Questions-14: We know that Bangladesh is a developing country, if any one
wants to establish a new business what will be your suggestions for
them? What they should do to overcome this lackings now-a-days?

Mr. Kamal : Bangladesh is in now such stage that we have not even been
started. The economy of our country is now at take of position if you
compare it with a plane. Our economy is not yet so strong. Our new
entrepreneur should be aware of the economic condition of our country.
Every day we have to learn, understand whats happening, the
surroundings, the world economy. We have to see, identify whats our
problem, where is possibility? The possibility is that there are a lot of
opportunities, resources, potentials to earn profit in a better way. It is the
high time to establish new business such as hotel, restaurant or other
service as our cost components, gas, electricity, water all are cheaper than
other country. It needs only unique, new idea, innovation, creativity to
build any kind of attempt.
Questions-15 : To be a successful entrepreneur like you what will your
advice to us, to the young generation?
Mr. Kamal: The subject Entrepreneurship that you are studying is the
most vibrant subject. First of all you should comprehensively study the
subject with all other related topics. The more you read the more you
know about this. This is the high time for you to prepare yourself. You
should be knowledgeable about business, realize business law, income
tax, insurance, banking and economics also.
To be successful you must have some capital, must have aptitude towards
entrepreneurship, utilize technological advancements as it is the era of
information technology. Make and develop new software like Billgates
who started with garage with some of his friends. Do not think from too
small area like, Salmanpur, Comilla University, Make your thought more
broader and wider, all over the world. Think the whole world in one place
like under a banyan tree. People from all over the world will crowd there
and you have to buy your product there, represent yourself there as an
unique, extra ordinary personality.
You should have aptitude to be an entrepreneur from now you have to be
mentally fit to not to do any job but render job, facilities, services to
others.
Questions- 16: Sir, we all are very grateful and thankful to you for giving us
valuable time in spite of being so busy with your daily routined tasks. Sir,
we are cordially inviting you in our University campus. We hope your

support, co-operation in our University will encourage us more to

introduce our University all over the world.
Mr. Kamal: I am also feeling good to meet with you all the students of
Comilla University. From 1996 we had started our journey to establish
Comilla University but it was too late. But I hope the bright future of
Comilla University. I am also a student of Accounting and I had taken
some lecturer also as a part time teacher in Dhaka University. I am also
wishing to go Comilla University and hope to take a lecture of you
students of Accounting Information system.

Characteristics active in case of Mr. Kamal:

Whether Mr. Kamal was a successful entrepreneur or not, we have to
analyze case. By analyzing we find that Mr. Khamal processed the
following characteristics:
1. Confidence:- Mr. A. Kamal is self confident. He has confidence to
himself and to every parties related to him.
2. Perseverance, determination:- He is a person of having perseverance
and determination.
3. Energy, diligence:- He is a person of having energy and diligence. He is
industrious. He has integrity to the business.
4. Ability to take calculated risk:- He is able to take moderate risk not
more risk nor less risk.
5. Dynamism and leadership:- He is always dynamic, because he knows
that what is new today will be old tomorrow. He also be a dynamic
leader because he can be able to lead a large number of parties
6. Optimism:- He is people who always hope for the best.
7. Need to achieve:- He had high extent of need for achievement
motivation. For that he works hard to succeed in his business life.
8. Versatility:- He has enough knowledge of product, market, machinery,
technology.
9. Ability to get along with the people:- He always kept harmonious
relationship with others i.e. he always followed a theory which is
friendship to all and enmity to none.
10. Ability to influence others:- He always try to keep the friendly
relationship with workers, employees for that he could easily able to
influence the workers to do the work and also to influence the customer
to buy the products.
11. Initiative:- He has taken initiative for all work.
12. Independence:- He is independent i.e. self dependent in his life, in his
work and even in taking decision.

13. Responsibility:- Mr. Khamal cared his business like his own children.
Besides, he is also responsible for his family and society.
14. Farsighted:- He is farsighted i.e. he can be able to see everything in
future.
15. Profit orientation:- The aim of entrepreneur is to make profit for the
business. MR. A.K. Khan is also that entrepreneur whose aim is to
make profit for the business.
16. Sense of power:- He has the power of sense and for that he, can
understand everything very clearly.
17. Pleasant personality:- He has the quality of a good leader and he has
the capacity to convince others.
18. Perceptiveness:- In business, there are a lot of future difficulties and for
that an entrepreneur must be perceptive. Mr. Khamal is also perceptive
because he had enough new idea to face future difficulties.
19. Ability to trust workers:- As Mr. Khamal try to keep harmonious
relationship with workers, he is able to trust them and workers are also
able to trust him.
20. Honesty: He is an honest man. Though Mr. Khamal have enough
business idea, because of his honesty he would be a successful business
man.
In a nutshell, we can say that the above characteristics made him a
successful entrepreneur. We look for many more sons of the soil like
him.

Qualities active in case of Mr. Kamal:

From the case of Mr. Kamal we have seen that a successful

entrepreneur should have the following qualities1. Moderate risk taking:- Entrepreneur should take moderate risk i.e. not
high nor low. If he takes high risk he will be a gambler.
2. Ward work:- A successful entrepreneur is one who always works hard for
the success in the business.
3. Educated in real sense:- A successful entrepreneur must be educated &
he should apply his education for the welfare of his business govt.,
country or family.
4. Analytical mind:- A successful entrepreneur must have the power. to
analytic everything.
5. Dynamic leadership:- Without leadership a person cannot be an
entrepreneur because he has to lead a large number of parties like
customer, creditors, works etc.
6. Courageous and tactful:- A successful entrepreneur should be courage.
He should tackle any difficult situation tactfully.
7. Far-sighted: A successful entrepreneur should be far-sighted i.e. he
should think for future and also plan for long period.
8. Strong desire to be succeeded: A successful entrepreneur should have
high extent of need for achievement motivation. Because, without it,
desired success is difficult to achieve.
9. Innovation: A successful entrepreneur should innovate the new ideas
which help to innovate new line of product, new market.
10. Self-confidence: A successful entrepreneur should be self-confident and
self-independent otherwise no one can rely on him.
11. Goal Setting: A successful entrepreneur should set a specific goal very
effectively for success in the business.

12. Loves new ideas: A successful entrepreneur should love any sorts of
new ideas. For example, idea of a new product
13. Optimist: A successful entrepreneur should always hopes for the best
and wait for the best.
14. Strategist: A successful entrepreneur should have a strategy.
The above are the quality of a successful entrepreneur. Mr. kamal have
the above quality for that he is a successful entrepreneur.

Theory of entrepreneurs active in the case of Mr. Kamal:

From the analysis of the case of Mr. Khamal, he followed more than one
theory. He is followed by:
1. Achievement-motivation theory.
2. Risk-taking theory.
3. Autonomy or Independence Motivation Theory.
4. Creativity or Innovation Theory.
5. Power motivation theory.
1. Achievement-Motivation Theory: According to this theory, the high
extent of achievement motivation activates entrepreneurs. Actually, the most
important spirit for the advancement of civilization is achievement
motivation or entrepreneurial spirit. Entrepreneurs with strong motivation
for achievement must have he following characteristics:
a) Take personal responsibility.
b) moderate risk.
c) Seek feedback.
d) Sacrifice small interests for the sake of big one.
From the analysis of the case of Mr. Khamal has the high extent of
achievement motivation. He always try to achieve the best and also try
to achieve the high position. For this motivation he was able to be a
successful entrepreneur. Besides he has the above characteristics that
entrepreneur with strong motivation for achievement must possess.

2. Risk Taking Theory:

The essence of this theory is that entrepreneurs should have the
inclination to take moderate risk and the ability to bear that risk. Mr.
Kamal has enough knowledge about business, because he is an FCA
and passed B.Com and Masters in commerce and he takes risk as a
challenge, and reduce risk by his gathered knowledge. .
3. Autonomy or Independence Motivation Theory:
This theory tends to emphasize on the independent thinking of
entrepreneurs. Self- confidence, self-independence, self-controlling
ability and ability to think independently are said to be the
characteristics of a successful entrepreneur.
From the case, we see that Mr. Kamal was self-confident, selfindependent. He can take decision independently and confidently.
4. Creative or Innovative Theory:
Creativity is concerned with the origin of new and fundamental ideas or
views. Creative individuals use their talents, thinking ability to create
something new and with the help of various techniques bring new ideas
in to practice. Mr Kamal is also always trying to create new and
creative idea of business and thus is able to create a large number of
employment opportunities.
5. Power motivation theory:
Power influence people and that influence make a man powerful. Mr.
Kamal is also a powerful person as he involved with politics. He
influences people to come forward in doing something new.

Hurdles faced by Mr. Kamal:

Mr. Kamal faced various types of hurdles and difficulties at every step in
his life. When he started business, he had small amount of capital.
Because he is a son of poor farmer. He faced financial problem in his
student life and carried his educational expenses by his own effort.
As he is involved with politics frequently he has to face political
incidences. For the reason he lost his valuable two years in jail. At this
time LK Group had a net loss of 50 crore tk. The Govt. of Bangladesh at
that time banned some of products of LK Group such as. LK TV, LK
Monitor etc.
Recently while arranging ICC World Cup 2011 Opening Ceremony he
has been discouraged by some member of BCB. But finally he has got
the opportunity and successfully completed this huge task.
But he did not stop. He always wanted to do something new and he
identified that a large number of employment opportunities can be
created through promoting a sizable number of industries in the country.

Comments on the entrepreneurship of Mr. Kamal:

Learning about the life history of Mr. Kamal, obviously we can that he is
a successful entrepreneur. With adequate knowledge of business and
accounting, he took all the challenges of his professional life and has
tried heart and soul to succeed in the business. Mr. Kamal is very much
used to conducting the business efficiently and always wants to do
something new for the welfare of the country. After establishing
industrial units he cares his industrial units like his own child. Most of
the crucial decisions are taken by line. He believed in good owner
employee relationship. He emphasized more on innovation. He is very
social as he is a politician. Mr. Kamal leads a luxurious life with strong
confidence.
In a nutshell, Mr. Kamal is known a successful man in all spheres of his
life as well as an entrepreneur, as an inventor, as a social worker, as a
politician, as a organizer, a cricketer and a leader also.

The recommendation that results from this Case Study

reached on this decision that suggests and will help us to be a successful
entrepreneur in future. In this regard we have to make proper and
appropriate use and implementation of our study, knowledge, skill,
technique towards the sphere of entrepreneurship. It is thus necessary to
keep in mind the supplementary characteristics, qualities, hurdles and
theories of entrepreneurship and other essentials. In this manner we need of
improving, widening and observing this sector enthusiastically to enrich
ourselves as more as possible.

In conclusions it can be firmly be said that the achievement

of goal of an Entrepreneurship is correlated with the success and the
development of all entrepreneurial work . We hope this assignment will help
us in future to build up our carrier on entrepreneurship. We are specially
thankful to our Course Coordinator Mr. Shuvabrata Saha for inspiring us and
making the way to face a personal interview for the first time of a successful
entrepreneur. We were really excited and thrilled to do the tasks and even
feeling honuor for getting close with Mr. Kamal. Its made us more
confident, enthusiastic and wishes it will help us in doing more challenging
tasks in future. Finally, we are requesting to our Course Coordinator please
forgive us for any of our mistakes as we are in process of learning.

Entrepreneurship, Small business and Lives of Successful Entrepreneurs:

Dr. A R Khan.
Articles, Case Study,Sheets:
Provided by Mr Shuvabrata Saha.
Class Lecture:
Provided by Mr Shuvabrata Saha.
From Internet:
Websites:
Welcome to Lotus Kamal Group --_files
Lotus__Kamal_Group-info23089_files
Our_Company_files
Our_Companydfdf_files
Successful-Entrepreneur-in-Bangladesh_files
Corporate_Management_file
Lotus Engineering Industries Ltd
Personal Interview:
Taken from AHM Mustafa Kamal.

END