Review on Challenges Among Small and Medium Enterprises in Malaysia
Small and Medium Enterprises (SMEs) have been considered as a backbone for economy both in developed and developing countries. SMEs play significant role in the growth of economy of every country due to their vital contributions towards GDP and employment. The main drive of this paper
was on the competiveness of the SMEs in Malaysia. In addition, this paper also seek to explore the definition of SMEs and also further explore the challenges facing SMEs. Apart from these, this paper also offers some possible solutions to the challenges faced by the SMEs. This paper add to
the knowledge and the familiarity about the current issues relating to the SMEs in Malaysia. In brief, challenges faced by the SMEs in Malaysia can be summarized as the imperfect capability to meet the market environment, limited capacity for technology management, knowledge acquisition, lack
of skilled human resources and also limited access to finance and capital. However, SMEs across different sizes was found to have various yet similar challenges relatives to their sizes. These challenges must be adhered specifically based on the need of these SMEs.
Keywords: Challenges; Malaysian SMEs; Strategies
Document Type: Research Article
Affiliations: 1: Department of Technology and Management, Faculty of Technology Management and Business, Universiti Tun Hussein Onn Malaysia, Malaysia 2: Department of Business Management, Faculty of Technology Management and Business, Universiti Tun Hussein Onn Malaysia, Malaysia 3: Department of Production and Operations Management, Faculty of Technology Management and Business, Universiti Tun Hussein Onn Malaysia, Malaysia
Publication date: 01 May 2018
- ADVANCED SCIENCE LETTERS is an international peer-reviewed journal with a very wide-ranging coverage, consolidates research activities in all areas of (1) Physical Sciences, (2) Biological Sciences, (3) Mathematical Sciences, (4) Engineering, (5) Computer and Information Sciences, and (6) Geosciences to publish original short communications, full research papers and timely brief (mini) reviews with authors photo and biography encompassing the basic and applied research and current developments in educational aspects of these scientific areas.
- Editorial Board
- Information for Authors
- Subscribe to this Title
- Ingenta Connect is not responsible for the content or availability of external websites
- Access Key
- Free content
- Partial Free content
- New content
- Open access content
- Partial Open access content
- Subscribed content
- Partial Subscribed content
- Free trial content