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Growth challenges of SMEs: empirical evidence in Sabah, Malaysia / Sylvia Nabila Azwa Ambad, Jasmine Vivienne Andrew and Dayang Haryani Diana Awang Amit

Small Medium Enterprises (SMEs) are currently facing a more challenging business environment due to the fast-changing customer preferences, globalization, stiff competition, limited resources, and human resources issues, among others. The failure rate of SMEs in Malaysia is alarming, whereby 60% of...

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Main Authors: Ambad, Sylvia Nabila Azwa, Andrew, Jasmine Vivienne, Awang Amit, Dayang Haryani Diana
Format: Article
Language:English
Published: Universiti Teknologi MARA, Shah Alam: Malaysian Academy of SME and Entrepreneurship Development (MASMED) 2020
Subjects:
Small business. Medium-sized business
Planning. Business planning. Strategic planning
Online Access:http://ir.uitm.edu.my/id/eprint/43932/1/43932.pdf
http://ir.uitm.edu.my/id/eprint/43932/
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id my.uitm.ir.43932
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spelling my.uitm.ir.439322021-03-22T03:40:34Z http://ir.uitm.edu.my/id/eprint/43932/ Growth challenges of SMEs: empirical evidence in Sabah, Malaysia / Sylvia Nabila Azwa Ambad, Jasmine Vivienne Andrew and Dayang Haryani Diana Awang Amit Ambad, Sylvia Nabila Azwa Andrew, Jasmine Vivienne Awang Amit, Dayang Haryani Diana Small business. Medium-sized business Planning. Business planning. Strategic planning Small Medium Enterprises (SMEs) are currently facing a more challenging business environment due to the fast-changing customer preferences, globalization, stiff competition, limited resources, and human resources issues, among others. The failure rate of SMEs in Malaysia is alarming, whereby 60% of the new SMEs fail within five years of establishment. Additionally, only 4 out of 10 SMEs are able to successfully meet the challenges associated with growth. The SMEs barriers to growth have been a long-unsolved problem in this country. Therefore, this paper aims to explore the barriers to business growth among SMEs. Face-to-face interviews with the founders of the businesses were conducted. Eleven entrepreneurs were interviewed in Kota Kinabalu, Sabah, Malaysia. It was found that there are five main barriers to business growth namely; financial issues, human resources problems, marketing strategies, facilities, appliances and layout and problems with suppliers. This paper offers recommendations to SMEs to overcome the barriers to growth. Universiti Teknologi MARA, Shah Alam: Malaysian Academy of SME and Entrepreneurship Development (MASMED) 2020 Article PeerReviewed text en http://ir.uitm.edu.my/id/eprint/43932/1/43932.pdf Ambad, Sylvia Nabila Azwa and Andrew, Jasmine Vivienne and Awang Amit, Dayang Haryani Diana (2020) Growth challenges of SMEs: empirical evidence in Sabah, Malaysia / Sylvia Nabila Azwa Ambad, Jasmine Vivienne Andrew and Dayang Haryani Diana Awang Amit. ASEAN Entrepreneurship Journal (AEJ), 6 (1). pp. 8-14. ISSN 2637-0301 (e-ISSN)
institution Universiti Teknologi Mara
building Tun Abdul Razak Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Teknologi Mara
content_source UiTM Institutional Repository
url_provider http://ir.uitm.edu.my/
language English
topic Small business. Medium-sized business
Planning. Business planning. Strategic planning
spellingShingle Small business. Medium-sized business
Planning. Business planning. Strategic planning
Ambad, Sylvia Nabila Azwa
Andrew, Jasmine Vivienne
Awang Amit, Dayang Haryani Diana
Growth challenges of SMEs: empirical evidence in Sabah, Malaysia / Sylvia Nabila Azwa Ambad, Jasmine Vivienne Andrew and Dayang Haryani Diana Awang Amit
description Small Medium Enterprises (SMEs) are currently facing a more challenging business environment due to the fast-changing customer preferences, globalization, stiff competition, limited resources, and human resources issues, among others. The failure rate of SMEs in Malaysia is alarming, whereby 60% of the new SMEs fail within five years of establishment. Additionally, only 4 out of 10 SMEs are able to successfully meet the challenges associated with growth. The SMEs barriers to growth have been a long-unsolved problem in this country. Therefore, this paper aims to explore the barriers to business growth among SMEs. Face-to-face interviews with the founders of the businesses were conducted. Eleven entrepreneurs were interviewed in Kota Kinabalu, Sabah, Malaysia. It was found that there are five main barriers to business growth namely; financial issues, human resources problems, marketing strategies, facilities, appliances and layout and problems with suppliers. This paper offers recommendations to SMEs to overcome the barriers to growth.
format Article
author Ambad, Sylvia Nabila Azwa
Andrew, Jasmine Vivienne
Awang Amit, Dayang Haryani Diana
author_facet Ambad, Sylvia Nabila Azwa
Andrew, Jasmine Vivienne
Awang Amit, Dayang Haryani Diana
author_sort Ambad, Sylvia Nabila Azwa
title Growth challenges of SMEs: empirical evidence in Sabah, Malaysia / Sylvia Nabila Azwa Ambad, Jasmine Vivienne Andrew and Dayang Haryani Diana Awang Amit
title_short Growth challenges of SMEs: empirical evidence in Sabah, Malaysia / Sylvia Nabila Azwa Ambad, Jasmine Vivienne Andrew and Dayang Haryani Diana Awang Amit
title_full Growth challenges of SMEs: empirical evidence in Sabah, Malaysia / Sylvia Nabila Azwa Ambad, Jasmine Vivienne Andrew and Dayang Haryani Diana Awang Amit
title_fullStr Growth challenges of SMEs: empirical evidence in Sabah, Malaysia / Sylvia Nabila Azwa Ambad, Jasmine Vivienne Andrew and Dayang Haryani Diana Awang Amit
title_full_unstemmed Growth challenges of SMEs: empirical evidence in Sabah, Malaysia / Sylvia Nabila Azwa Ambad, Jasmine Vivienne Andrew and Dayang Haryani Diana Awang Amit
title_sort growth challenges of smes: empirical evidence in sabah, malaysia / sylvia nabila azwa ambad, jasmine vivienne andrew and dayang haryani diana awang amit
publisher Universiti Teknologi MARA, Shah Alam: Malaysian Academy of SME and Entrepreneurship Development (MASMED)
publishDate 2020
url http://ir.uitm.edu.my/id/eprint/43932/1/43932.pdf
http://ir.uitm.edu.my/id/eprint/43932/
_version_ 1695534725644419072
score 13.211869

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