| Title |
Microenterprises in Malaysia: a preliminary study of the factors for management success |
| ID_Doc |
75331 |
| Authors |
Munoz, JM; Welsh, DHB; Chan, SH; Raven, PV |
| Title |
Microenterprises in Malaysia: a preliminary study of the factors for management success |
| Year |
2015 |
| Published |
International Entrepreneurship And Management Journal, 11, 3 |
| Abstract |
Microenterprises continue to proliferate in countries around the globe, creating jobs while improving the overall economic outlook of countries. A preliminary study of 151 microenterprises in Malaysia found performance and Entrepreneurial Orientation were significantly affected by key management activities. Performance was influenced little, if any, by outside financing or government support. Moderate support was found for the relationship between managerial capabilities and sales and profit, securing finances, and government financing. The findings indicate that management of the microenterprise is a key contributor to business success. Management training programs should be implemented to assist microenterprises. Personalized entrepreneurial training for groups must be developed to reach the multicultural and multi-ethnic Malaysian population. This study has major implications for government officials, non-government organizations, and policy-makers as they seek viable, sustainable models for microenterprise expansion in emerging economies. Information technology may offer solutions to access issues. Limitations and implications for future studies are discussed. |
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