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

Muñoz, J. Mark; Welsh, Dianne H.B.; Chan, Sow Hup Joanne; Raven, Peter

doi:10.1007/s11365-014-0302-y

Cited by 30 publications

(29 citation statements)

References 46 publications

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“…Government subsidiaries (GF3) factor occupies second rank in the priority list of GF category. The Indian government has shown greater focused through MAKE IN INDIA programs to support small ventures and subsidiaries in which women are working(Gagoitseope et al, 2012;Munoz et al, 2015).…”

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confidence: 99%

Modelling the critical success factors of women entrepreneurship using fuzzy AHP framework

Kumari

Garg

Singh

2018

JEEE

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Purpose The contribution of women toward entrepreneurial activities has gained significant attention in recent years because of economic and social concerns, government support and initiatives and increased education and awareness. Women’s entrepreneurial activity has increased and women-owned businesses can today be found in every sector of the economy, irrespective of region. In India, government bodies such as the Ministry of Micro, Small and Medium Enterprises (MSMEs) and several other organizations (private and NGOs) have adopted considerable measures to promote women entrepreneurship (WE). To improve WE, the critical factors of WE adoption need to be identified and evaluated. The purpose of this paper is to identify, prioritize and evaluate the critical success factors of WE adoption in Indian MSMEs. Design/methodology/approach This paper proposes a methodology based on fuzzy analytical hierarchal process to prioritize the critical success factors of WE adoption. A numerical analysis of Indian MSMEs is presented to demonstrate the use of the proposed method. This proposed method considered fuzzy framework, which can handle impreciseness and uncertainty. Sensitivity analysis is also performed to test the robustness of the proposed model. Findings Potential critical success factors are identified from relevant literature and validated by industry experts. This research finalize the critical success factors of WE adoption in Indian MSMEs under seven dimensions, so prioritization of identified critical success factors can be developed and insights relationship of factors would be explored. The results of the study found that individual, management and government dimensions take paramount importance while women aim to become entrepreneurs in Indian MSMEs. Research limitations/implications This study is limited to identifying evaluation factors; other factors have not been identified and categorized. Evaluation is one by experts in this area so it is natural that views of decision-makers may be subjective and vary with regard to industry-type, priorities, resources, etc. Practical implications This study will help industry to identify, evaluate and prioritize factors for successful implementation of women entrepreneurship. MSMEs could device these factors by applying the outcome of the study in their decisions with higher priority to implement women entrepreneurship culture. Originality/value Potential factors are identified from relevant literature and validated by industry experts. Indian MSMEs could device these factors by applying the outcome of the study in their decisions with higher priority to adopt women entrepreneurship.

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confidence: 99%

Modelling the critical success factors of women entrepreneurship using fuzzy AHP framework

Kumari

Garg

Singh

2018

JEEE

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“…According to Munoz et al (2015) microenterprises utilize creative entrepreneurial approaches that are often characterized by chaos.…”

Section: Theoretical Backgroundmentioning

confidence: 99%

“…The management of the microenterprise is a key contributor to business success (Munoz et al, 2015). Key management practices, marketing capability, and technology capability of microenterprises have a positive impact on performance sales, net profit, and growth (Welsh et al, 2013;Mostenska et al, 2015).…”

Section: Theoretical Backgroundmentioning

confidence: 99%

“…9,No 1,. DOI: 10.14254/2071-789X.2016/9-1/3 barriers and capital constraints (Munoz et al, 2015;De Mel, McKenzie, and Woodruff, 2010;Bruhn, 2013).…”

Section: Introductionmentioning

confidence: 99%

“…Entrepreneurs' characteristics, such as gender, level of education, age, managerial skills, and experience, in addition to physical and emotional family support, are the important factors that influence business success (Munoz et al, 2015;Kozubíková et al, 2015a;Bartoš et al, 2015) and represent significant factors which determine the approach to financial risk management and access to external financing through bank loans (Belas et al, 2015;Doležal et al, 2015).…”

Section: Introductionmentioning

confidence: 99%

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Microenterprises and Significant Risk Factors in Loan Process

Belás¹,

Vojtovič²,

Ključnikov³

2016

Economics &Amp; Sociology

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Microenterprises-small companies with their own characteristic features-are a major component of the economic system, which brings positive effects on employment, increases the supply of goods and services, promotes the growth of competition in the market and performs other important functions in the economic system. Microenterprises face sufficient problems with the access to bank financing, which is a base for their sustainable growth. The aim of this paper was to define and quantify significant risk factors of microenterprises' credit financing in the current dynamic economic environment and to compare the significant position of these undertakings in relation to commercial banks by gender, education of the entrepreneur and the company's age. Our research confirmed the impact of the age of the company in the perception of the growing important of the credit risk during the crisis, and the level education of the entrepreneur in relation to the familiarity with the conditions under which the banks provide loans. All other monitored factors do not have any statistically significant impact on the monitored risk factors in the loan process. Our results show that the main problems of the micro enterprises are an absolute unfamiliarity with the credit conditions of the commercial banks across the entire spectrum of the researched groups, and their persuasion of the lending criteria to be non-transparent.

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Determinants of Business Development: Importance of Microfinance for Startups

Alimukhamedova

2022

Financial Technology (FinTech), Entrepreneurship, and Business Development

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

Cited by 30 publications

References 46 publications

Modelling the critical success factors of women entrepreneurship using fuzzy AHP framework

Modelling the critical success factors of women entrepreneurship using fuzzy AHP framework

Microenterprises and Significant Risk Factors in Loan Process

Determinants of Business Development: Importance of Microfinance for Startups

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