Development of small and medium enterprises (SMEs) in FELDA scheme: challenges and policy prospect

Small and Medium Enterprises (SMEs) are the pillars of the Malaysian economy. They contribute to the economy in many ways such as creating job opportunities, alleviating poverty, providing decent goods and services, serving complimentary inputs to large firms, diversifying products/inputs, training...

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Main Authors:	Mohd Sauh, Shuhaimi, Abdullah, Moha Asri, Abdul Rahman, Rozailin
Format:	Article
Language:	English
Published:	Zes Rokman Resources 2019
Subjects:	H Social Sciences (General) HF Commerce HF5001 Business. Business Administration
Online Access:	http://irep.iium.edu.my/72335/ http://irep.iium.edu.my/72335/ http://irep.iium.edu.my/72335/1/Journal_SEAJBEL-18_10%2024%2005%202019.pdf

id	iium-72335
recordtype	eprints
spelling	iium-723352019-07-12T01:24:26Z http://irep.iium.edu.my/72335/ Development of small and medium enterprises (SMEs) in FELDA scheme: challenges and policy prospect Mohd Sauh, Shuhaimi Abdullah, Moha Asri Abdul Rahman, Rozailin H Social Sciences (General) HF Commerce HF5001 Business. Business Administration Small and Medium Enterprises (SMEs) are the pillars of the Malaysian economy. They contribute to the economy in many ways such as creating job opportunities, alleviating poverty, providing decent goods and services, serving complimentary inputs to large firms, diversifying products/inputs, training entrepreneurs and workers, and helping a supply chain of business networks. The government of Malaysia has introduced various SMEs policies since independence to ensure SMEs success and able to go through various economic turbulences and be sustainable. However, limited studies have been conducted to examine the impact of those policies on SMEs development in the rural area, particularly the FELDA scheme. The aim of this paper is to examine the SMEs development in the FELDA scheme. Specifically, this study evaluates the SMEs contribution to ASEAN, Malaysia and the FELDA scheme; identifying challenges faced by SMEs in Malaysia and FELDA scheme, and considers proposed policies for SMEs development in the FELDA scheme. This study utilizes past literature from earlier scholars and published reports related to SMEs in ASEAN, Malaysia and the FELDA scheme. The methodology of study largely is descriptive and qualitative in nature. This study also reveals two key findings. First, SMEs in Malaysia accounted for more than one-third of Malaysia’s GDP. The study discloses SMEs in the FELDA scheme who also plays a pivotal role in rural economic development. FELDA has provided a good entrepreneurial ecosystem for SMEs development in the FELDA scheme. Secondly, SMEs in Malaysia have faced five major challenges, namely, access to finance, human resources, technology adoption, market potential information and global competition. In the case of SMEs in the FELDA scheme, the entrepreneurs have faced two main challenges namely access to finance and market accessibility beyond the FELDA scheme. Finally, this study helps to understand the challenges faced by SMEs in the FELDA scheme. This study further provides several policy recommendations that can be considered to improve the SMEs performance in FELDA scheme Zes Rokman Resources 2019-04 Article PeerReviewed application/pdf en http://irep.iium.edu.my/72335/1/Journal_SEAJBEL-18_10%2024%2005%202019.pdf Mohd Sauh, Shuhaimi and Abdullah, Moha Asri and Abdul Rahman, Rozailin (2019) Development of small and medium enterprises (SMEs) in FELDA scheme: challenges and policy prospect. South East Asia Journal of Contemporary Business, Economics and Law, 18 (2). pp. 1-10. ISSN 2289-1560 https://seajbel.com/wp-content/uploads/2019/05/SEAJBEL-18_10.pdf
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	H Social Sciences (General) HF Commerce HF5001 Business. Business Administration
spellingShingle	H Social Sciences (General) HF Commerce HF5001 Business. Business Administration Mohd Sauh, Shuhaimi Abdullah, Moha Asri Abdul Rahman, Rozailin Development of small and medium enterprises (SMEs) in FELDA scheme: challenges and policy prospect
description	Small and Medium Enterprises (SMEs) are the pillars of the Malaysian economy. They contribute to the economy in many ways such as creating job opportunities, alleviating poverty, providing decent goods and services, serving complimentary inputs to large firms, diversifying products/inputs, training entrepreneurs and workers, and helping a supply chain of business networks. The government of Malaysia has introduced various SMEs policies since independence to ensure SMEs success and able to go through various economic turbulences and be sustainable. However, limited studies have been conducted to examine the impact of those policies on SMEs development in the rural area, particularly the FELDA scheme. The aim of this paper is to examine the SMEs development in the FELDA scheme. Specifically, this study evaluates the SMEs contribution to ASEAN, Malaysia and the FELDA scheme; identifying challenges faced by SMEs in Malaysia and FELDA scheme, and considers proposed policies for SMEs development in the FELDA scheme. This study utilizes past literature from earlier scholars and published reports related to SMEs in ASEAN, Malaysia and the FELDA scheme. The methodology of study largely is descriptive and qualitative in nature. This study also reveals two key findings. First, SMEs in Malaysia accounted for more than one-third of Malaysia’s GDP. The study discloses SMEs in the FELDA scheme who also plays a pivotal role in rural economic development. FELDA has provided a good entrepreneurial ecosystem for SMEs development in the FELDA scheme. Secondly, SMEs in Malaysia have faced five major challenges, namely, access to finance, human resources, technology adoption, market potential information and global competition. In the case of SMEs in the FELDA scheme, the entrepreneurs have faced two main challenges namely access to finance and market accessibility beyond the FELDA scheme. Finally, this study helps to understand the challenges faced by SMEs in the FELDA scheme. This study further provides several policy recommendations that can be considered to improve the SMEs performance in FELDA scheme
format	Article
author	Mohd Sauh, Shuhaimi Abdullah, Moha Asri Abdul Rahman, Rozailin
author_facet	Mohd Sauh, Shuhaimi Abdullah, Moha Asri Abdul Rahman, Rozailin
author_sort	Mohd Sauh, Shuhaimi
title	Development of small and medium enterprises (SMEs) in FELDA scheme: challenges and policy prospect
title_short	Development of small and medium enterprises (SMEs) in FELDA scheme: challenges and policy prospect
title_full	Development of small and medium enterprises (SMEs) in FELDA scheme: challenges and policy prospect
title_fullStr	Development of small and medium enterprises (SMEs) in FELDA scheme: challenges and policy prospect
title_full_unstemmed	Development of small and medium enterprises (SMEs) in FELDA scheme: challenges and policy prospect
title_sort	development of small and medium enterprises (smes) in felda scheme: challenges and policy prospect
publisher	Zes Rokman Resources
publishDate	2019
url	http://irep.iium.edu.my/72335/ http://irep.iium.edu.my/72335/ http://irep.iium.edu.my/72335/1/Journal_SEAJBEL-18_10%2024%2005%202019.pdf
first_indexed	2023-09-18T21:42:29Z
last_indexed	2023-09-18T21:42:29Z
_version_	1777413232364879872

Development of small and medium enterprises (SMEs) in FELDA scheme: challenges and policy prospect

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