Sme Malaysia

Topics: Bank Negara Malaysia, Malaysia, Economics, International trade, Economy of Malaysia, Economy / Pages: 28 (6976 words) / Published: May 7th, 2011
Vol. 3, No. 1

International Business Research

Small and Medium Enterprises (SMEs) Competing in the Global Business Environment: A Case of Malaysia
Mohd Zulkifli Muhammad (Corresponding author) School of International Business and Finance Labuan Universiti Malaysia Sabah, Labuan International Campus, 87000, F.T Labuan, Malaysia Tel: 60-87-460-498 E-mail: zulrider@yahoo.com

Abdul Kamal Char School of International Business and Finance Labuan Universiti Malaysia Sabah, Labuan International Campus, 87000, F.T Labuan, Malaysia Tel: 60-87-460-525 E-mail: abdkamal@ums.edu.my

Mohd Rushdan bin Yasoa’ School of International Business and Finance Labuan Universiti Malaysia Sabah, Labuan International Campus, 87000, F.T Labuan, Malaysia Tel: 60-87-466-714 E-mail: rushdan@ums.edu.my

Zakiah Hassan School of International Business and Finance Labuan Universiti Malaysia Sabah, Labuan International Campus, 87000, F.T Labuan, Malaysia Tel: 60-87-460-820 Abstract Small and Medium Enterprises (SMEs) play a vital role in the country's economic development. The current trend of economic growth and the rapid industrial development has made Malaysia as one of the most open economies in the world. In conjunction with the Ninth Malaysian Plan (2006-2010), the government is devoting and designing the SME development plan to assist the SMEs to meet the new business challenges in the competitive global business environment. The focus of this paper is the discussion of the competitiveness facing SMEs in the global business environment by examining the opportunities and supports from the government. Furthermore, this study also analyses the challenges of Malaysian SMEs in globalize market together with economics turmoil. Keywords: Small and Medium Enterprises (SMEs), Challenges, Competitiveness, Globalization 1. Introduction It is apparent that small and medium enterprises (SMEs) play a vital role in the economic development of a country. The current trend of economic growth and

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