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Microenterprises in Malaysia: a preliminary study of the factors for management success

  • J. Mark Munoz
  • Dianne H. B. WelshEmail author
  • Sow Hup Chan
  • Peter V. Raven
Article

Abstract

Microenterprises continue to proliferate in countries around the globe, creating jobs while improving the overall economic outlook of countries. A preliminary study of 151 microenterprises in Malaysia found performance and Entrepreneurial Orientation were significantly affected by key management activities. Performance was influenced little, if any, by outside financing or government support. Moderate support was found for the relationship between managerial capabilities and sales and profit, securing finances, and government financing. The findings indicate that management of the microenterprise is a key contributor to business success. Management training programs should be implemented to assist microenterprises. Personalized entrepreneurial training for groups must be developed to reach the multicultural and multi-ethnic Malaysian population. This study has major implications for government officials, non-government organizations, and policy-makers as they seek viable, sustainable models for microenterprise expansion in emerging economies. Information technology may offer solutions to access issues. Limitations and implications for future studies are discussed.

Keywords

Entrepreneurial Orientation Malaysia Management success Microenterprises Performance 

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Copyright information

© Springer Science+Business Media New York 2014

Authors and Affiliations

  • J. Mark Munoz
    • 1
  • Dianne H. B. Welsh
    • 2
    Email author
  • Sow Hup Chan
    • 3
  • Peter V. Raven
    • 4
  1. 1.Tabor School of BusinessMillikin UniversityDecaturUSA
  2. 2.Bryan School of Business and EconomicsUniversity of North Carolina at GreensboroGreensboroUSA
  3. 3.Faculty of Business AdministrationUniversity of MacauTaipaChina
  4. 4.Albers School of Business and EconomicsSeattle UniversitySeattleUSA

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