Impact of Motivation and Personality Characteristics on Bumiputeras’ Entrepreneurial Persistence in Malaysia

Abstract

The Malaysian government has been providing support to boost Bumiputra entrepreneurship development; however, the growth achieved by the Bumiputras is not on the same pace with the economic advancement. The Bumiputra entrepreneurs struggle with challenges that caused their failure in the early years of their operations. Hence, this study examines the impact of motivation and personality characteristics on Bumiputeras’ entrepreneurial persistence. The findings indicate that Bumiputras are energized by the need of achievement motivation in striving to overcome challenges and remain competitive with other races in the business environment. Equally, they indicate that Bumiputras exhibit a positive outlook to life and are open to new and innovative ways to thrive in business as compared to the previous generation.

Strategy Formulation and Sustainability Performance of Bumiputera Construction Companies: A Conceptual Paper

“…The construction sector, like all other businesses, is facing increasing competition in its business environment (Balatbat et al, 2011). They are currently struggling to stay afloat in an ever-changing business climate which includes the problem of not being competitive and being constrained in their ability to expand in the business sector (Sabiu et al, 2017;Yesil & Kaya, 2013). Despite numerous aids, support and concerns in expanding the entrepreneurial agenda of Bumiputera in the country, their growth has fallen short of expectations (Sabiu et al, 2017).…”

“…They are currently struggling to stay afloat in an ever-changing business climate which includes the problem of not being competitive and being constrained in their ability to expand in the business sector (Sabiu et al, 2017;Yesil & Kaya, 2013). Despite numerous aids, support and concerns in expanding the entrepreneurial agenda of Bumiputera in the country, their growth has fallen short of expectations (Sabiu et al, 2017). Moreover, strategic planning is considered a critical component of organisational management in creating corporate sustainability and competitive advantage (Chaudhry et al, 2012).…”