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Factors Influencing Growth of Entrepreneurial Ventures in Malaysia

As a developing nation, the growth of successful small-medium enterprises (SMEs) in Malaysia plays a very crucial role in the improvement of the country's economy and unemployment issues. This study is conducted to identify the success factors of founding entrepreneurs which contributes to v...

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Main Author: Lim, Li Yen
Format: Thesis
Language:English
English
Published: 2007
Subjects:
Joint ventures - Malaysia.
Entrepreneurship - Malaysia.
Online Access:http://psasir.upm.edu.my/id/eprint/6897/1/GSM_2007_7.pdf
http://psasir.upm.edu.my/id/eprint/6897/
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spelling my.upm.eprints.68972023-11-14T08:47:26Z http://psasir.upm.edu.my/id/eprint/6897/ Factors Influencing Growth of Entrepreneurial Ventures in Malaysia Lim, Li Yen As a developing nation, the growth of successful small-medium enterprises (SMEs) in Malaysia plays a very crucial role in the improvement of the country's economy and unemployment issues. This study is conducted to identify the success factors of founding entrepreneurs which contributes to venture growth, specifically, the relationship between venture growth and the entrepreneurs' personal initiative and human capital, the areas of competencies to be focused on, and the effectiveness of support programs provided by the government. One hundred (100) CEOs of entrepreneurial ventures are selected from the Enterprise 50 database to participate in the research through the convenient and snowballing sampling methods. Survey questionnaires are used to gather information for quantitative data, whilst qualitative data are obtained from interviews. The reliability of the questionnaire is tested using Cronbach's alpha and factor analyses are conducted to categorize the competencies. The relationships between the various constructs are examined using nonparametric statistical analysis, namely, Binary Logistics Regression, Spearman's rho, Mann-U test and Kruskal Wallis test. The study finds that there is positive significant relationship between venture growth and entrepreneurs who have personal initiative and working experience and who are focused on specific competency areas within operations, finance, and human resources. The study also discovers that there is significant negative relationship between venture growth and entrepreneurs who have high levels of education, and parents who owned business. In operations, founding entrepreneurs are found to be concerned with competitive strategies planning and the improvement of product and services. Raising capital fiom banks and institutions is the only area of concern in finance. In human resources (HR) the areas considered important are recruiting and retaining employees; HR policies and compensation plan; training and development; delegating and relinquishing control; developing performance appraisal; and motivating employees. Marketing is found to have a significant negative relationship with venture growth. The study reveals that there is no significant relationship between social network support, government support programs and venture growth. 2007-02 Thesis NonPeerReviewed text en http://psasir.upm.edu.my/id/eprint/6897/1/GSM_2007_7.pdf Lim, Li Yen (2007) Factors Influencing Growth of Entrepreneurial Ventures in Malaysia. Doctoral thesis, Universiti Putra Malaysia. Joint ventures - Malaysia. Entrepreneurship - Malaysia. English
institution Universiti Putra Malaysia
building UPM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Putra Malaysia
content_source UPM Institutional Repository
url_provider http://psasir.upm.edu.my/
language English
English
topic Joint ventures - Malaysia.
Entrepreneurship - Malaysia.
spellingShingle Joint ventures - Malaysia.
Entrepreneurship - Malaysia.
Lim, Li Yen
Factors Influencing Growth of Entrepreneurial Ventures in Malaysia
description As a developing nation, the growth of successful small-medium enterprises (SMEs) in Malaysia plays a very crucial role in the improvement of the country's economy and unemployment issues. This study is conducted to identify the success factors of founding entrepreneurs which contributes to venture growth, specifically, the relationship between venture growth and the entrepreneurs' personal initiative and human capital, the areas of competencies to be focused on, and the effectiveness of support programs provided by the government. One hundred (100) CEOs of entrepreneurial ventures are selected from the Enterprise 50 database to participate in the research through the convenient and snowballing sampling methods. Survey questionnaires are used to gather information for quantitative data, whilst qualitative data are obtained from interviews. The reliability of the questionnaire is tested using Cronbach's alpha and factor analyses are conducted to categorize the competencies. The relationships between the various constructs are examined using nonparametric statistical analysis, namely, Binary Logistics Regression, Spearman's rho, Mann-U test and Kruskal Wallis test. The study finds that there is positive significant relationship between venture growth and entrepreneurs who have personal initiative and working experience and who are focused on specific competency areas within operations, finance, and human resources. The study also discovers that there is significant negative relationship between venture growth and entrepreneurs who have high levels of education, and parents who owned business. In operations, founding entrepreneurs are found to be concerned with competitive strategies planning and the improvement of product and services. Raising capital fiom banks and institutions is the only area of concern in finance. In human resources (HR) the areas considered important are recruiting and retaining employees; HR policies and compensation plan; training and development; delegating and relinquishing control; developing performance appraisal; and motivating employees. Marketing is found to have a significant negative relationship with venture growth. The study reveals that there is no significant relationship between social network support, government support programs and venture growth.
format Thesis
author Lim, Li Yen
author_facet Lim, Li Yen
author_sort Lim, Li Yen
title Factors Influencing Growth of Entrepreneurial Ventures in Malaysia
title_short Factors Influencing Growth of Entrepreneurial Ventures in Malaysia
title_full Factors Influencing Growth of Entrepreneurial Ventures in Malaysia
title_fullStr Factors Influencing Growth of Entrepreneurial Ventures in Malaysia
title_full_unstemmed Factors Influencing Growth of Entrepreneurial Ventures in Malaysia
title_sort factors influencing growth of entrepreneurial ventures in malaysia
publishDate 2007
url http://psasir.upm.edu.my/id/eprint/6897/1/GSM_2007_7.pdf
http://psasir.upm.edu.my/id/eprint/6897/
_version_ 1783879895849369600
score 13.211869

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