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

Author

Listed:
  • 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)

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.

Suggested Citation

  • Che Mohd Zulkifli Che Omar & Nurdiana Mohd Nor Azmi, 2015. "Factors Affecting the Success of Bumiputera Entrepreneurs in Small and Medium Enterprises (SMEs) in Malaysia," International Journal of Management Science and Business Administration, Inovatus Services Ltd., vol. 1(9), pages 40-45, August.
    • Handle: RePEc:mgs:ijmsba:v:1:y:2015:i:9:p:40-45
    DOI: 10.18775/ijmsba.1849-5664-5419.2014.19.1004
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    Citations

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    Cited by:

    1. Kamila Urbanska & Agnieszka Parkitna & Joanna Kubicka, 2021. "Success of SMEs in the Era of Pandemics," European Research Studies Journal, European Research Studies Journal, vol. 0(2), pages 407-423.
    2. Nur Syazana Osman & Khairul Aidil Azlin Abd. Rahman & Ahmad Rizal Abd. Rahman & Mohamad Fakri Zaky Ja’afar, 2018. "Competitive Influence Factors among Bumiputera Furniture Manufacturer," International Journal of Academic Research in Business and Social Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Business and Social Sciences, vol. 8(7), pages 445-452, July.

    More about this item

    Keywords

    Entrepreneurs; Bumiputera; Small and Medium Enterprises; SMEs; Entrepreneurial challenges;
    All these keywords.

    JEL classification:

    • M00 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - General - - - General

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