An Overview of Malaysian Small and Medium Enterprises: Contributions, Issues, and Challenges

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“…While these results are consistent with what was found in previous studies, where the study (Masouras, Pistikou, & Komodromos, 2021) proved that those responsible for preparing investment projects approved by the Board of Directors in small and medium-sized companies are employees from outside the company, and they advise the managing director; While in the rest of these organisations it is implemented by the managing director jointly with the board of directors, without using specialised programs for preparing and evaluating investment projects and on many occasions, they only detail it because it is a prerequisite for requesting funding. In institutions, many studies such as (Mittal & Raman, 2021;Mohamad, Mustapa, & Razak, 2021;Nigam, Mbarek, & Boughanmi, 2021) showed the current situation in the majority of small and medium-sized companies not to rely on high-quality feasibility studies in terms of making investment decisions, which reflects that they are developed based on decisions Determined by the events in their environment when they occur, sometimes intuitively, since it is also clear that they are rational in decision-making, they invest in projects that are needed at the moment without a capital budgeting that allows planning in advance, without seeing into the future, and is considered more as an expense operational capital investment; disbursement of funds according to current conditions, without carrying out planning according to production and calculating costs without defining previously planned goals and objectives; They have no future vision. They do not set expectations to guide them in making investment decisions.…”

The Resilience of SMEs in Fighting COVID-19 through Online Business Acceleration

“…The situation was so severe, especially for SMEs, that the government announced that RM 250 billion PRIHATIN Package assistance would be introduced to support micro, small, and medium-sized enterprises SMEs face various issues, obstacles, and challenges that affect their performance (Mohamad, Mustapa, & Razak, 2021). They are also struggling to remain competitive despite multiple incentives and forms of assistance provided by the government.…”

Kesiapan UMKM dalam Mengimplementasikan Digitalisasi Ekonomi

“…Prinsip-prinsip kesiapan meliputi semua aspek yang berkembang dalam diri seseorang ketika berinteraksi (saling mempengaruhi), kedewasaan jasmani dan rohani untuk mendapatkan manfaat dari pengalaman yang dihadapi, pengalaman seseorang memiliki pengaruh positif terhadap kesiapan orang tersebut, serta kesiapan dasar untuk melakukan aktivitas tertentu dapat terbentuk dalam jangka waktu tertentu selama masa pembentukan dalam masa perkembangan seseorang. (Ali et al, 2020;Kraft et al, 2022;Mohamad et al, 2021). Dalam penelitian ini terdapat indikator yang menentukan siap atau tidaknya UMKM dalam mendigitalkan laporan keuangan sesuai dengan prinsip kesiapan berupa pelaku UMKM sudah pernah melakukan digitalisasi laporan keuangan dan pelaku UMKM mendapat manfaat dari melakukan digitalisasi laporan keuangan (Ali et al, 2020;Azam, 2015;Baldegger et al, 2021).…”