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Conceptual Outlook of the Determinants Influencing the Intention to Adopt Return on Investment Evaluation in Malaysian Manufacturing Small and Medium Enterprises

As one of the established methods for evaluating training, return on investment (ROI) is assuming an increasingly vital role in demonstrating that training provides organizations with both monetary and non-monetary benefits. Regrettably, despite ROI’s importance and potential advantages, the impleme...

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Main Authors: Luqman Hakim, Satiman, Abdul Halim, Busari, Surena, Sabil, Mohd Sham, Kamis
Format: Article
Language:English
Published: The Elite Scientific Forum, Pakistan. 2024
Subjects:
H Social Sciences (General)
Online Access:http://ir.unimas.my/id/eprint/46263/1/Conceptual%20Outlook.pdf
http://ir.unimas.my/id/eprint/46263/
https://pjlss.edu.pk/pdf_files/2024_2/3149-3164.pdf
https://doi.org/10.57239/PJLSS-2024-22.2.00230
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spelling my.unimas.ir-462632024-10-09T07:01:35Z http://ir.unimas.my/id/eprint/46263/ Conceptual Outlook of the Determinants Influencing the Intention to Adopt Return on Investment Evaluation in Malaysian Manufacturing Small and Medium Enterprises Luqman Hakim, Satiman Abdul Halim, Busari Surena, Sabil Mohd Sham, Kamis H Social Sciences (General) As one of the established methods for evaluating training, return on investment (ROI) is assuming an increasingly vital role in demonstrating that training provides organizations with both monetary and non-monetary benefits. Regrettably, despite ROI’s importance and potential advantages, the implementation of ROI evaluation among Malaysian manufacturing small and medium-sized enterprises (SMEs) is nearly absent. Hence, this study seeks to investigate the factors that influence the intents of Malaysian manufacturing SMEs to adopt ROI training evaluation. Conducting a separate analysis on SMEs is crucial due to their distinctive attributes that set them apart from larger corporations. To accomplish this, the present study defines ROI evaluation as a form of innovation, as it is perceived as new by the organization using it. The determinants that may impact the inclination to adopt ROI evaluation are examined from three perspectives: perceived characteristics of innovation, organizational context, and environmental context. This study aims to enhance the understanding of the factors that can either facilitate or hinder an organization's goal to embrace ROI evaluation. Essentially, this study offers useful insights for HR professionals, government agencies, and policy makers that aim to promote the adoption of ROI measurement in SME firms. The Elite Scientific Forum, Pakistan. 2024 Article PeerReviewed text en http://ir.unimas.my/id/eprint/46263/1/Conceptual%20Outlook.pdf Luqman Hakim, Satiman and Abdul Halim, Busari and Surena, Sabil and Mohd Sham, Kamis (2024) Conceptual Outlook of the Determinants Influencing the Intention to Adopt Return on Investment Evaluation in Malaysian Manufacturing Small and Medium Enterprises. Pakistan Journal of Life and Social Sciences, 22 (2). pp. 3149-3164. ISSN 2221-7630 https://pjlss.edu.pk/pdf_files/2024_2/3149-3164.pdf https://doi.org/10.57239/PJLSS-2024-22.2.00230
institution Universiti Malaysia Sarawak
building Centre for Academic Information Services (CAIS)
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Malaysia Sarawak
content_source UNIMAS Institutional Repository
url_provider http://ir.unimas.my/
language English
topic H Social Sciences (General)
spellingShingle H Social Sciences (General)
Luqman Hakim, Satiman
Abdul Halim, Busari
Surena, Sabil
Mohd Sham, Kamis
Conceptual Outlook of the Determinants Influencing the Intention to Adopt Return on Investment Evaluation in Malaysian Manufacturing Small and Medium Enterprises
description As one of the established methods for evaluating training, return on investment (ROI) is assuming an increasingly vital role in demonstrating that training provides organizations with both monetary and non-monetary benefits. Regrettably, despite ROI’s importance and potential advantages, the implementation of ROI evaluation among Malaysian manufacturing small and medium-sized enterprises (SMEs) is nearly absent. Hence, this study seeks to investigate the factors that influence the intents of Malaysian manufacturing SMEs to adopt ROI training evaluation. Conducting a separate analysis on SMEs is crucial due to their distinctive attributes that set them apart from larger corporations. To accomplish this, the present study defines ROI evaluation as a form of innovation, as it is perceived as new by the organization using it. The determinants that may impact the inclination to adopt ROI evaluation are examined from three perspectives: perceived characteristics of innovation, organizational context, and environmental context. This study aims to enhance the understanding of the factors that can either facilitate or hinder an organization's goal to embrace ROI evaluation. Essentially, this study offers useful insights for HR professionals, government agencies, and policy makers that aim to promote the adoption of ROI measurement in SME firms.
format Article
author Luqman Hakim, Satiman
Abdul Halim, Busari
Surena, Sabil
Mohd Sham, Kamis
author_facet Luqman Hakim, Satiman
Abdul Halim, Busari
Surena, Sabil
Mohd Sham, Kamis
author_sort Luqman Hakim, Satiman
title Conceptual Outlook of the Determinants Influencing the Intention to Adopt Return on Investment Evaluation in Malaysian Manufacturing Small and Medium Enterprises
title_short Conceptual Outlook of the Determinants Influencing the Intention to Adopt Return on Investment Evaluation in Malaysian Manufacturing Small and Medium Enterprises
title_full Conceptual Outlook of the Determinants Influencing the Intention to Adopt Return on Investment Evaluation in Malaysian Manufacturing Small and Medium Enterprises
title_fullStr Conceptual Outlook of the Determinants Influencing the Intention to Adopt Return on Investment Evaluation in Malaysian Manufacturing Small and Medium Enterprises
title_full_unstemmed Conceptual Outlook of the Determinants Influencing the Intention to Adopt Return on Investment Evaluation in Malaysian Manufacturing Small and Medium Enterprises
title_sort conceptual outlook of the determinants influencing the intention to adopt return on investment evaluation in malaysian manufacturing small and medium enterprises
publisher The Elite Scientific Forum, Pakistan.
publishDate 2024
url http://ir.unimas.my/id/eprint/46263/1/Conceptual%20Outlook.pdf
http://ir.unimas.my/id/eprint/46263/
https://pjlss.edu.pk/pdf_files/2024_2/3149-3164.pdf
https://doi.org/10.57239/PJLSS-2024-22.2.00230
_version_ 1814942142525603840
score 13.211869

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