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New Business Venture into Private Higher Education in Malaysia through Dynamic Capabilities

Higher education institutions (HEIs) are traditionally seen as society’s robust institutions but are currently experiencing new difficulties as a result of shifts in both government and society’s expectations of their roles as education providers. There is a global call for new models and practices...

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Main Authors: Mohamad Riza, Abdahir, Wan Sabri, Wan Hussin, Ratneswary, Rasiah
Format: Journal
Language:English
Published: UiTM Press 2021
Online Access:http://ur.aeu.edu.my/925/1/New%20Business%20Venture%20into%20Private%20Higher%20Education%20in%20Malaysia%20through%20Dynamic%20Capabilities.pdf
http://ur.aeu.edu.my/925/
https://myjms.mohe.gov.my/index.php/AJUE/article/view/16191
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spelling my-aeu-eprints.9252022-02-14T09:09:04Z http://ur.aeu.edu.my/925/ New Business Venture into Private Higher Education in Malaysia through Dynamic Capabilities Mohamad Riza, Abdahir Wan Sabri, Wan Hussin Ratneswary, Rasiah Higher education institutions (HEIs) are traditionally seen as society’s robust institutions but are currently experiencing new difficulties as a result of shifts in both government and society’s expectations of their roles as education providers. There is a global call for new models and practices which need HEIs in the private sector to develop what was once business-oriented management competencies. Hence this study addressed the global call for HEIs in Malaysia to be more entrepreneurial and explored the experiences of entrepreneurs who had ventured into the education industry with the aims of business diversification, capacity building, lifelong education and nation-building. The qualitative study explored the context of private universities in Malaysia which included the socio-historical background and experience of seven founders, and their management approaches in establishing their HEIs as successful, sustainable and respectable education providers. A grounded theory approach was adopted to gather data through in-depth interviews with the participants. Their emic perspectives of the challenges and opportunities experienced while managing their respective universities was analysed thematically. The findings revealed that new ventures into private higher education must be spearheaded by individuals with entrepreneurial leadership who would be able to develop and enhance the dynamic capabilities necessary for successfully managing a university. These leaders must also capitalize on the opportunities available and form a team of agile and resilient staff who can withstand and manage changes in the environment. The study also provides a guideline for managing private universities in a more cost-effective manner. UiTM Press 2021 Journal PeerReviewed text en http://ur.aeu.edu.my/925/1/New%20Business%20Venture%20into%20Private%20Higher%20Education%20in%20Malaysia%20through%20Dynamic%20Capabilities.pdf Mohamad Riza, Abdahir and Wan Sabri, Wan Hussin and Ratneswary, Rasiah (2021) New Business Venture into Private Higher Education in Malaysia through Dynamic Capabilities. Asian Journal of University Education, 17 (4). pp. 117-131. ISSN 18237797 https://myjms.mohe.gov.my/index.php/AJUE/article/view/16191
institution Asia e University
building AEU Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Asia e University
content_source AEU University Repository
url_provider http://ur.aeu.edu.my/
language English
description Higher education institutions (HEIs) are traditionally seen as society’s robust institutions but are currently experiencing new difficulties as a result of shifts in both government and society’s expectations of their roles as education providers. There is a global call for new models and practices which need HEIs in the private sector to develop what was once business-oriented management competencies. Hence this study addressed the global call for HEIs in Malaysia to be more entrepreneurial and explored the experiences of entrepreneurs who had ventured into the education industry with the aims of business diversification, capacity building, lifelong education and nation-building. The qualitative study explored the context of private universities in Malaysia which included the socio-historical background and experience of seven founders, and their management approaches in establishing their HEIs as successful, sustainable and respectable education providers. A grounded theory approach was adopted to gather data through in-depth interviews with the participants. Their emic perspectives of the challenges and opportunities experienced while managing their respective universities was analysed thematically. The findings revealed that new ventures into private higher education must be spearheaded by individuals with entrepreneurial leadership who would be able to develop and enhance the dynamic capabilities necessary for successfully managing a university. These leaders must also capitalize on the opportunities available and form a team of agile and resilient staff who can withstand and manage changes in the environment. The study also provides a guideline for managing private universities in a more cost-effective manner.
format Journal
author Mohamad Riza, Abdahir
Wan Sabri, Wan Hussin
Ratneswary, Rasiah
spellingShingle Mohamad Riza, Abdahir
Wan Sabri, Wan Hussin
Ratneswary, Rasiah
New Business Venture into Private Higher Education in Malaysia through Dynamic Capabilities
author_facet Mohamad Riza, Abdahir
Wan Sabri, Wan Hussin
Ratneswary, Rasiah
author_sort Mohamad Riza, Abdahir
title New Business Venture into Private Higher Education in Malaysia through Dynamic Capabilities
title_short New Business Venture into Private Higher Education in Malaysia through Dynamic Capabilities
title_full New Business Venture into Private Higher Education in Malaysia through Dynamic Capabilities
title_fullStr New Business Venture into Private Higher Education in Malaysia through Dynamic Capabilities
title_full_unstemmed New Business Venture into Private Higher Education in Malaysia through Dynamic Capabilities
title_sort new business venture into private higher education in malaysia through dynamic capabilities
publisher UiTM Press
publishDate 2021
url http://ur.aeu.edu.my/925/1/New%20Business%20Venture%20into%20Private%20Higher%20Education%20in%20Malaysia%20through%20Dynamic%20Capabilities.pdf
http://ur.aeu.edu.my/925/
https://myjms.mohe.gov.my/index.php/AJUE/article/view/16191
_version_ 1725976462744354816
score 13.211869

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