AN ENTREPRENEURSHIP

An Entrepreneurial concept can only succeed in a window of opportunity,or more properly,when a series of windows coincide. The entrepreneur must be able to access an appropriate level of technology, and the market must be capable of absorbing a sufficient quantity of product.These two factors are not entirely independent : the market’s capacity to absorb product will be affected by the price , which will in turn be affected by the state of the available technology .
Even when the technology works and the market wants it,there may be social or physical barriers to its widespread adoption.Above all,invention is not innovation .just because something can be made doesnt mean that people are prepared to pay for it.

PROFILE
Sir Reginald Myles Ansett KBE
SEIZING THE TIME

R.M. Ansett was born in 1909 in northern Victoria. His father run a small bicycle repair business until he enlisted in the first AIF for service in france. On his return from the war, Ansett’s father used his resettlement bonus to buy a small knitting mill in Melbourne, and R.M. Ansett left school at 14 and became an apprentice mechanic in the factory. Young R.M. Ansett decided to do some relocating of his own. Ansett liked machinery at least as well as he liked people, and had a particular fascination with aircraft and flying. in 1929 he gained a civil pilot’s licence. Ansett had some money in his pocket from his work in the Northern territory. then offered a hybrid taxi/bus service, based on Hamilton , taking graziers and other affluent men and their families between their homes and the main railway centres of Hamilton and Ballarat.Ansett’s business grew, and he bought more vehicles, engaged more drivers, and opened a maintenance workshop in Hamilton. In 1935 Ansett extended his services through ballarat to Melbourne,paralleling one of the railway system’s busiest and most lucrative passenger routes, and the government acted to preserve this revenue, effectively banning the operation of private buses or taxis between Melbourne and ballarat.Ansett did continue to develop his bus routes, and his pioneer coach lines eventually became australia’s largest long-distance road operator.
Ansett’s airline network could, by the expedient of incorporating interstate towns,enjoy protection against state regulation . Ansett’s network expanded , after a successful stock market float in 1936 enabled him to buy three twin-engine, ten-passanger Lockheed 10B aircraft , and by the outbreak of the Second World War Ansett services were linking Narrandera ,Mildura and Broken hill to Sydney, Melbourne and Adelaide. When the war ended ,Ansett owned world-class airframe ,engine,and instrument maintenance and testing facilities,but no aircraft and no route licences. the first post-war prime minister was Ben chifley, a former engine driver on the NSW government railways, and no admirer of laissez faire.
The chifley government bought out te private shareholders n Qantas, Australia’s Overseas airline,and when the holyman family refused to sell Australian National Airways (ANA), Australia’s major domestic airline, the government started Trans Australia Airways in competition with ANA. After 1949 elections the Menzies Liberal government replace Chiifley,and Ansett approached Menzies, offering to buy TAA and free the government from the taint of socialism.
Ansett remarked to his friend F.W. Haig that he would like to replace ANA as the official non-government carrier under the two-airline policy,but that raising the capital needed looked like a problem.
In 1969 Mr R.M. Ansett became Sir Reginald. He continued to buy up regional airlines. Ansett himself was ambushed in 1979, when a joint bid from TNT and News Limited succeeded in a contested takeover. He was promoted to non-Voting chairman, and allowed to retain 0.5 per cent of the common shares during his lifetime. He died in 1982, an essentially private man, but Ansett Airlines continued to thrive.

NAMA KELOMPOK :

1. NINGGAR ANGGARWATI (06407003)

2. NIPUTU ARGA OKTOVIRAMITA (06407001)

3. ROSA BELLA ZORAYANTI (06407043)

4. DEBBY RAHAYU AMANDA (06407021)