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Innovation in the Malaysian furniture industry: drivers and challenges

The Malaysian furniture industry is the country’s fastest growing sub-sector within the wood-based industry, and its socio-economic importance cannot be taken lightly. The industry is driven primarily by comparative advantages derived from low cost factor inputs, which has eroded in recent years due...

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Main Authors: Ratnasingam, Jegatheswaran, Chin, Khoon Ark, Ab Latib, Hazirah, Subramaniam, Hasshviny, Khoo, Albert
Format: Article
Language:English
Published: North Carolina State University 2018
Online Access:http://psasir.upm.edu.my/id/eprint/74691/1/Innovation%20in%20the%20Malaysian%20furniture%20industry.pdf
http://psasir.upm.edu.my/id/eprint/74691/
https://bioresources.cnr.ncsu.edu/resources/innovation-in-the-malaysian-furniture-industry-drivers-and-challenges/
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spelling my.upm.eprints.746912019-12-05T05:48:50Z http://psasir.upm.edu.my/id/eprint/74691/ Innovation in the Malaysian furniture industry: drivers and challenges Ratnasingam, Jegatheswaran Chin, Khoon Ark Ab Latib, Hazirah Subramaniam, Hasshviny Khoo, Albert The Malaysian furniture industry is the country’s fastest growing sub-sector within the wood-based industry, and its socio-economic importance cannot be taken lightly. The industry is driven primarily by comparative advantages derived from low cost factor inputs, which has eroded in recent years due to escalating production cost. Further, the increasing competition from other cheaper producing nations, particularly China and Vietnam, is also putting a damper on the future competitiveness of the industry in Malaysia. To remain competitive, the Malaysian furniture industry must transform and advance the value-chain through innovation and value-addition. Although the government has played a pivotal role in providing a broad policy framework to support value-adding and innovative activities, success has been limited. This study evaluated the extent of innovation and its sources in the Malaysian furniture industry through an internet-based survey. The results indicated that external sources of innovation were more important than internal sources. The factor analysis showed that external inputs, market demand, and in-house research and development were the most important drivers of the innovation in the Malaysian furniture industry. Therefore, the furniture industry in Malaysia will require policy support to enhance its inherent capability for innovation in the long-term. North Carolina State University 2018 Article PeerReviewed text en http://psasir.upm.edu.my/id/eprint/74691/1/Innovation%20in%20the%20Malaysian%20furniture%20industry.pdf Ratnasingam, Jegatheswaran and Chin, Khoon Ark and Ab Latib, Hazirah and Subramaniam, Hasshviny and Khoo, Albert (2018) Innovation in the Malaysian furniture industry: drivers and challenges. BioResources, 13 (3). 5254 - 5270. ISSN 1930-2126 https://bioresources.cnr.ncsu.edu/resources/innovation-in-the-malaysian-furniture-industry-drivers-and-challenges/ 10.15376/biores.13.3.5254-5270
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
description The Malaysian furniture industry is the country’s fastest growing sub-sector within the wood-based industry, and its socio-economic importance cannot be taken lightly. The industry is driven primarily by comparative advantages derived from low cost factor inputs, which has eroded in recent years due to escalating production cost. Further, the increasing competition from other cheaper producing nations, particularly China and Vietnam, is also putting a damper on the future competitiveness of the industry in Malaysia. To remain competitive, the Malaysian furniture industry must transform and advance the value-chain through innovation and value-addition. Although the government has played a pivotal role in providing a broad policy framework to support value-adding and innovative activities, success has been limited. This study evaluated the extent of innovation and its sources in the Malaysian furniture industry through an internet-based survey. The results indicated that external sources of innovation were more important than internal sources. The factor analysis showed that external inputs, market demand, and in-house research and development were the most important drivers of the innovation in the Malaysian furniture industry. Therefore, the furniture industry in Malaysia will require policy support to enhance its inherent capability for innovation in the long-term.
format Article
author Ratnasingam, Jegatheswaran
Chin, Khoon Ark
Ab Latib, Hazirah
Subramaniam, Hasshviny
Khoo, Albert
spellingShingle Ratnasingam, Jegatheswaran
Chin, Khoon Ark
Ab Latib, Hazirah
Subramaniam, Hasshviny
Khoo, Albert
Innovation in the Malaysian furniture industry: drivers and challenges
author_facet Ratnasingam, Jegatheswaran
Chin, Khoon Ark
Ab Latib, Hazirah
Subramaniam, Hasshviny
Khoo, Albert
author_sort Ratnasingam, Jegatheswaran
title Innovation in the Malaysian furniture industry: drivers and challenges
title_short Innovation in the Malaysian furniture industry: drivers and challenges
title_full Innovation in the Malaysian furniture industry: drivers and challenges
title_fullStr Innovation in the Malaysian furniture industry: drivers and challenges
title_full_unstemmed Innovation in the Malaysian furniture industry: drivers and challenges
title_sort innovation in the malaysian furniture industry: drivers and challenges
publisher North Carolina State University
publishDate 2018
url http://psasir.upm.edu.my/id/eprint/74691/1/Innovation%20in%20the%20Malaysian%20furniture%20industry.pdf
http://psasir.upm.edu.my/id/eprint/74691/
https://bioresources.cnr.ncsu.edu/resources/innovation-in-the-malaysian-furniture-industry-drivers-and-challenges/
_version_ 1654961592733794304
score 13.211869

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