Business challenges and strategies for development of Small- and Medium-sized Enterprises (SMEs) in Malaysia
Despite their significant role in both the developed and the developing economies, Small-and Medium-sized Enterprises (SMEs) are faced with the greater risk of business failure with past statistics indicating that over half of all new ventures will not enjoy long-term success. They face varioustypes...
| Main Authors: | , , |
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| Format: | Journal Article |
| Published: |
Inderscience Publication
2010
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| Subjects: | |
| Online Access: | http://hdl.handle.net/20.500.11937/30441 |
| _version_ | 1848753089936359424 |
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| author | Ahmad, S. Abdul Rani, Nazatul Shima Mohd Kassim, S. |
| author_facet | Ahmad, S. Abdul Rani, Nazatul Shima Mohd Kassim, S. |
| author_sort | Ahmad, S. |
| building | Curtin Institutional Repository |
| collection | Online Access |
| description | Despite their significant role in both the developed and the developing economies, Small-and Medium-sized Enterprises (SMEs) are faced with the greater risk of business failure with past statistics indicating that over half of all new ventures will not enjoy long-term success. They face varioustypes of difficulties and business challenges. This paper attempts to examine the issues, and explain how the business owners of SMEs in Malaysia strategise their operation to overcome the failure. The study highlighted several challenges faced by the firms, and to overcome these issues, SMEs havefollowed numerous strategies. The study revealed that business success is a result of implementing a mix of business, operation and management strategies. The paper concludes with the possible remedies, recommendations and future enhancements. |
| first_indexed | 2025-11-14T08:18:59Z |
| format | Journal Article |
| id | curtin-20.500.11937-30441 |
| institution | Curtin University Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-14T08:18:59Z |
| publishDate | 2010 |
| publisher | Inderscience Publication |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | curtin-20.500.11937-304412017-01-30T13:19:44Z Business challenges and strategies for development of Small- and Medium-sized Enterprises (SMEs) in Malaysia Ahmad, S. Abdul Rani, Nazatul Shima Mohd Kassim, S. business challenges SMEs Malaysia small- and medium-sized enterprises new business venture entrepreneurship Despite their significant role in both the developed and the developing economies, Small-and Medium-sized Enterprises (SMEs) are faced with the greater risk of business failure with past statistics indicating that over half of all new ventures will not enjoy long-term success. They face varioustypes of difficulties and business challenges. This paper attempts to examine the issues, and explain how the business owners of SMEs in Malaysia strategise their operation to overcome the failure. The study highlighted several challenges faced by the firms, and to overcome these issues, SMEs havefollowed numerous strategies. The study revealed that business success is a result of implementing a mix of business, operation and management strategies. The paper concludes with the possible remedies, recommendations and future enhancements. 2010 Journal Article http://hdl.handle.net/20.500.11937/30441 Inderscience Publication restricted |
| spellingShingle | business challenges SMEs Malaysia small- and medium-sized enterprises new business venture entrepreneurship Ahmad, S. Abdul Rani, Nazatul Shima Mohd Kassim, S. Business challenges and strategies for development of Small- and Medium-sized Enterprises (SMEs) in Malaysia |
| title | Business challenges and strategies for development of Small- and Medium-sized Enterprises (SMEs) in Malaysia |
| title_full | Business challenges and strategies for development of Small- and Medium-sized Enterprises (SMEs) in Malaysia |
| title_fullStr | Business challenges and strategies for development of Small- and Medium-sized Enterprises (SMEs) in Malaysia |
| title_full_unstemmed | Business challenges and strategies for development of Small- and Medium-sized Enterprises (SMEs) in Malaysia |
| title_short | Business challenges and strategies for development of Small- and Medium-sized Enterprises (SMEs) in Malaysia |
| title_sort | business challenges and strategies for development of small- and medium-sized enterprises (smes) in malaysia |
| topic | business challenges SMEs Malaysia small- and medium-sized enterprises new business venture entrepreneurship |
| url | http://hdl.handle.net/20.500.11937/30441 |