Cover Image

Disaster Risk Management Strategies Among SMEs in Malaysia (S/O 14702)

This study aims to identify the knowledge gap and document the current coping strategies against the natural disaster risks among Micro, Small and Medium Size Enterprises (MSMEs) in Malaysia. A survey among manufacturing MSMEs’ owners was conducted in Kedah and Penang to obtain primary data for the...

Full description

Saved in:
Bibliographic Details
Main Authors: Auzzir, Zairol Azhar, Abu Bakar, Arpah, Suhadah, Mohd Taipor
Format: Monograph
Language:English
Published: UUM 2021
Subjects:
HC Economic History and Conditions
Online Access:https://repo.uum.edu.my/id/eprint/31634/1/14702.pdf
https://repo.uum.edu.my/id/eprint/31634/
Tags: Add Tag
No Tags, Be the first to tag this record!
id my.uum.repo.31634
record_format eprints
spelling my.uum.repo.316342024-11-21T08:32:53Z https://repo.uum.edu.my/id/eprint/31634/ Disaster Risk Management Strategies Among SMEs in Malaysia (S/O 14702) Auzzir, Zairol Azhar Abu Bakar, Arpah Suhadah, Mohd Taipor HC Economic History and Conditions This study aims to identify the knowledge gap and document the current coping strategies against the natural disaster risks among Micro, Small and Medium Size Enterprises (MSMEs) in Malaysia. A survey among manufacturing MSMEs’ owners was conducted in Kedah and Penang to obtain primary data for the study. The study employed standard descriptive statistics such as frequency distribution, minimum and maximum value, and percentage to analyse the data. In addition, crosstab with Fisher’s Exact Test was used to compare the frequency distribution of two categorical (i.e. row and column) variables and to examine relationship between the variables. It was found that most of the MSMEs are having low awareness levels in the principles and risk management frameworks, risk financing methods and types of insurance. Based on the survey, several current coping strategies used by the respondents have been identified and documented. Among the measures to mitigate disaster risks are compliance with standard operating procedures (SOP), plan their supply chains and purchase insurance schemes. The findings also found that there are very low levels of awareness on the DRR programs and attraction to participate in such programs among MSMEs. Regarding the DRR resources, DRR finance instruments, reference materials and types of insurance, most of them are not aware of the existing guidelines/frameworks/strategies/concepts that are currently in-use for common reference in many countries. As the coping capacities matter, there are key issues such as lack of expertise and too costly/insufficient funds that potentially deter the implementation of preferred mitigation measures taken by MSMEs for protecting their businesses against the effect of any natural hazard. Finally, several policy recommendations were suggested for various stakeholders; policy makers, government agencies, SME business associations and MSME operators in the states of Kedah and Penang, respectively, based on the findings of this study UUM 2021 Monograph NonPeerReviewed application/pdf en https://repo.uum.edu.my/id/eprint/31634/1/14702.pdf Auzzir, Zairol Azhar and Abu Bakar, Arpah and Suhadah, Mohd Taipor (2021) Disaster Risk Management Strategies Among SMEs in Malaysia (S/O 14702). Project Report. UUM. (Submitted)
institution Universiti Utara Malaysia
building UUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Utara Malaysia
content_source UUM Institutional Repository
url_provider http://repo.uum.edu.my/
language English
topic HC Economic History and Conditions
spellingShingle HC Economic History and Conditions
Auzzir, Zairol Azhar
Abu Bakar, Arpah
Suhadah, Mohd Taipor
Disaster Risk Management Strategies Among SMEs in Malaysia (S/O 14702)
description This study aims to identify the knowledge gap and document the current coping strategies against the natural disaster risks among Micro, Small and Medium Size Enterprises (MSMEs) in Malaysia. A survey among manufacturing MSMEs’ owners was conducted in Kedah and Penang to obtain primary data for the study. The study employed standard descriptive statistics such as frequency distribution, minimum and maximum value, and percentage to analyse the data. In addition, crosstab with Fisher’s Exact Test was used to compare the frequency distribution of two categorical (i.e. row and column) variables and to examine relationship between the variables. It was found that most of the MSMEs are having low awareness levels in the principles and risk management frameworks, risk financing methods and types of insurance. Based on the survey, several current coping strategies used by the respondents have been identified and documented. Among the measures to mitigate disaster risks are compliance with standard operating procedures (SOP), plan their supply chains and purchase insurance schemes. The findings also found that there are very low levels of awareness on the DRR programs and attraction to participate in such programs among MSMEs. Regarding the DRR resources, DRR finance instruments, reference materials and types of insurance, most of them are not aware of the existing guidelines/frameworks/strategies/concepts that are currently in-use for common reference in many countries. As the coping capacities matter, there are key issues such as lack of expertise and too costly/insufficient funds that potentially deter the implementation of preferred mitigation measures taken by MSMEs for protecting their businesses against the effect of any natural hazard. Finally, several policy recommendations were suggested for various stakeholders; policy makers, government agencies, SME business associations and MSME operators in the states of Kedah and Penang, respectively, based on the findings of this study
format Monograph
author Auzzir, Zairol Azhar
Abu Bakar, Arpah
Suhadah, Mohd Taipor
author_facet Auzzir, Zairol Azhar
Abu Bakar, Arpah
Suhadah, Mohd Taipor
author_sort Auzzir, Zairol Azhar
title Disaster Risk Management Strategies Among SMEs in Malaysia (S/O 14702)
title_short Disaster Risk Management Strategies Among SMEs in Malaysia (S/O 14702)
title_full Disaster Risk Management Strategies Among SMEs in Malaysia (S/O 14702)
title_fullStr Disaster Risk Management Strategies Among SMEs in Malaysia (S/O 14702)
title_full_unstemmed Disaster Risk Management Strategies Among SMEs in Malaysia (S/O 14702)
title_sort disaster risk management strategies among smes in malaysia (s/o 14702)
publisher UUM
publishDate 2021
url https://repo.uum.edu.my/id/eprint/31634/1/14702.pdf
https://repo.uum.edu.my/id/eprint/31634/
_version_ 1817846361746309120
score 13.223943

Similar Items