Cover Image

Influence of ulūl albāb on sustaining competitive advantage of small businesses in Malaysia

Small businesses in Malaysia encounter difficulties in sustaining their competitive advantage in rapidly evolving markets. To effectively address this problem, owners and strategists of small businesses should possess technical knowledge, intelligence, and strategic insight that is known as ulūl alb...

Full description

Saved in:
Bibliographic Details
Main Authors: Mhd. Sarif, Suhaimi, Ismail, Yusof, Zainudin, Dolhadi
Format: Article
Language:English
Published: Global Academic Excellence 2024
Subjects:
BPH830.3 Social systems. Urban groups. Cities and towns. Sustainable urban development
HF5387 Business ethics
Online Access:http://irep.iium.edu.my/112236/2/112236_Influence%20of%20ul%C5%ABl%20alb%C4%81b%20on%20sustaining%20competitive.pdf
http://irep.iium.edu.my/112236/
http://www.aijbes.com/current.asm
Tags: Add Tag
No Tags, Be the first to tag this record!
id my.iium.irep.112236
record_format dspace
spelling my.iium.irep.1122362024-05-16T06:35:10Z http://irep.iium.edu.my/112236/ Influence of ulūl albāb on sustaining competitive advantage of small businesses in Malaysia Mhd. Sarif, Suhaimi Ismail, Yusof Zainudin, Dolhadi BPH830.3 Social systems. Urban groups. Cities and towns. Sustainable urban development HF5387 Business ethics Small businesses in Malaysia encounter difficulties in sustaining their competitive advantage in rapidly evolving markets. To effectively address this problem, owners and strategists of small businesses should possess technical knowledge, intelligence, and strategic insight that is known as ulūl albāb. The objective of this study is to investigate the influence of ulūl albāb on the formulation, implementation, and evaluation of strategies by owners and strategists of small businesses in Malaysia, with the goal of sustaining their competitive advantages in a rapidly changing market environment. This study used qualitative research through personal interviews with five owners and strategists of small businesses. The interviews provided valuable insights into their comprehension and utilisation of ulūl albāb characteristics on the decision-making procedures employed by the strategists. The results suggest that although the strategists recognised the significance of ulūl albāb qualities, most of the situation their decision-making process was impacted by emotions and sentiments. The presence of emotional involvement posed difficulties in the preservation of corporate continuity. This findings provides insights on the influence of ulūl albāb characteristics on strategic thinking that led to practical and helpful suggestions for small business owners and strategists. This implies the necessity of implementing training and development initiatives specifically designed to enhance these qualities within practical business environments, hence facilitating the ability of small enterprises to adjust and prosper in highly competitive marketplaces. Global Academic Excellence 2024-03-05 Article PeerReviewed application/pdf en http://irep.iium.edu.my/112236/2/112236_Influence%20of%20ul%C5%ABl%20alb%C4%81b%20on%20sustaining%20competitive.pdf Mhd. Sarif, Suhaimi and Ismail, Yusof and Zainudin, Dolhadi (2024) Influence of ulūl albāb on sustaining competitive advantage of small businesses in Malaysia. Advanced International Journal of Business, Entrepreneurship and SMEs, 6 (19). pp. 39-53. E-ISSN 2682-8545 http://www.aijbes.com/current.asm
institution Universiti Islam Antarabangsa Malaysia
building IIUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider International Islamic University Malaysia
content_source IIUM Repository (IREP)
url_provider http://irep.iium.edu.my/
language English
topic BPH830.3 Social systems. Urban groups. Cities and towns. Sustainable urban development
HF5387 Business ethics
spellingShingle BPH830.3 Social systems. Urban groups. Cities and towns. Sustainable urban development
HF5387 Business ethics
Mhd. Sarif, Suhaimi
Ismail, Yusof
Zainudin, Dolhadi
Influence of ulūl albāb on sustaining competitive advantage of small businesses in Malaysia
description Small businesses in Malaysia encounter difficulties in sustaining their competitive advantage in rapidly evolving markets. To effectively address this problem, owners and strategists of small businesses should possess technical knowledge, intelligence, and strategic insight that is known as ulūl albāb. The objective of this study is to investigate the influence of ulūl albāb on the formulation, implementation, and evaluation of strategies by owners and strategists of small businesses in Malaysia, with the goal of sustaining their competitive advantages in a rapidly changing market environment. This study used qualitative research through personal interviews with five owners and strategists of small businesses. The interviews provided valuable insights into their comprehension and utilisation of ulūl albāb characteristics on the decision-making procedures employed by the strategists. The results suggest that although the strategists recognised the significance of ulūl albāb qualities, most of the situation their decision-making process was impacted by emotions and sentiments. The presence of emotional involvement posed difficulties in the preservation of corporate continuity. This findings provides insights on the influence of ulūl albāb characteristics on strategic thinking that led to practical and helpful suggestions for small business owners and strategists. This implies the necessity of implementing training and development initiatives specifically designed to enhance these qualities within practical business environments, hence facilitating the ability of small enterprises to adjust and prosper in highly competitive marketplaces.
format Article
author Mhd. Sarif, Suhaimi
Ismail, Yusof
Zainudin, Dolhadi
author_facet Mhd. Sarif, Suhaimi
Ismail, Yusof
Zainudin, Dolhadi
author_sort Mhd. Sarif, Suhaimi
title Influence of ulūl albāb on sustaining competitive advantage of small businesses in Malaysia
title_short Influence of ulūl albāb on sustaining competitive advantage of small businesses in Malaysia
title_full Influence of ulūl albāb on sustaining competitive advantage of small businesses in Malaysia
title_fullStr Influence of ulūl albāb on sustaining competitive advantage of small businesses in Malaysia
title_full_unstemmed Influence of ulūl albāb on sustaining competitive advantage of small businesses in Malaysia
title_sort influence of ulūl albāb on sustaining competitive advantage of small businesses in malaysia
publisher Global Academic Excellence
publishDate 2024
url http://irep.iium.edu.my/112236/2/112236_Influence%20of%20ul%C5%ABl%20alb%C4%81b%20on%20sustaining%20competitive.pdf
http://irep.iium.edu.my/112236/
http://www.aijbes.com/current.asm
_version_ 1800081929856352256
score 13.211869

Similar Items