Factors Affecting the Success of Bumiputera Entrepreneurs in Small and Medium Enterprises (SMEs) in Malaysia

Che Mohd Zulkifli Che Omar and Nurdiana Mohd Nor Azmi
Additional contact information
Che Mohd Zulkifli Che Omar: Faculty of Management and Economic Sultan Idris Education University, Tanjong Malim, Perak, Malaysia
Nurdiana Mohd Nor Azmi: Faculty of Management and Economic Sultan Idris Education University, Tanjong Malim, Perak, Malaysia

International Journal of Management Science and Business Administration, 2015, vol. 1, issue 9, 40-45

Abstract: Bumiputera entrepreneurs often said to be left behind in achieving success in the economic development. This study was conducted to identify factors that influence success of Bumiputera entrepreneurs in small and medium enterprises (SMEs) in Malaysia and the factors leading Bumiputera entrepreneurs involved in business. In the era of globalization, SMEs represent an important industry in the development of the national economy. SMEs create employment opportunities for the rural and urban communities and increase national income. Among the key factors that influence the success of Bumiputera entrepreneurs in small and medium enterprises in Malaysia include weaknesses in management, failures in marketing, and difficulties in obtaining financial assistance. Some of the challenges faced by Bumiputera entrepreneurs, small and medium enterprises (SME) are their limited participation in the international market, the shortage of skilled workers, a problem to market the product in the supermarket and the lack of raw materials. Therefore, Bumiputera entrepreneurs must deal with these issues in order not to go bankrupt.

Keywords: Entrepreneurs; Bumiputera; Small and Medium Enterprises; SMEs; Entrepreneurial challenges (search for similar items in EconPapers)
JEL-codes: M00 (search for similar items in EconPapers)
Date: 2015
References: Add references at CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://researchleap.com/wp-content/uploads/2015/08 ... SMEs-in-Malaysia.pdf (application/pdf)
http://researchleap.com/factors-affecting-the-succ ... es-smes-in-malaysia/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:mgs:ijmsba:v:1:y:2015:i:9:p:40-45

DOI: 10.18775/ijmsba.1849-5664-5419.2014.19.1004

Access Statistics for this article

More articles in International Journal of Management Science and Business Administration from Inovatus Services Ltd.
Bibliographic data for series maintained by Bojan Obrenovic ().