Abstract-Job creation, economic growth and innovation are partial of the achievement for SMEson the well-being of the economy for a particular country and society. Due to the reasons, there are lots of benchmarking activities conducted by government and private bodies through events that promote exposures for the SMEs in enhancing its capabilities. Thus, this paper aims to identify the areas within benchmarking activities that are implemented by local SMEs. Semi-structured interviews were conducted among 35 SMEs that were willing to participate voluntarily. This study found that management is the best driver of benchmarking adoption. Possibly, the closeness of relationship between management, suppliers and customers enhances support for benchmarking in the enterprises. It also revealed that SMEs benchmarked in only one specific area or in all aspects such as production (32.6%), operations management (17.0%), marketing (16.0%), information and communication technology (ICT) application (16.8%), financial (10.0%), and management (7.0%). Although the results should be taken with caution, nevertheless benchmarking is vital in facing new challenges and opportunities for success in productivity and profitability.Index Terms-Benchmarking, business, management, small and medium enterprises.
Abstract-In today's business environment, talent has become the potentially powerful source of competitive advantage. It is the fundamental building block to creating an organization which is capable of learning, innovating and changing, as well as executing new processes. It has been said that, talent management include the additional management processes and opportunities put in place for people in the organization that are considered to be talented. This paper intends to present a guide for racers to drive their companies by extending their success on the race tracks into business. This piece of work is based on the information gathered through in-depth interviews with three business owners that are also active racers. In the course of the interview, feedbacks regarding benchmarking through talent in motorsports and businesses were sought. The importance of talent management as seen through the prism of how top performers in motorsports have succeeded in driving their business while still producing impressive results on the race tracks was established in this study.
Microfinance is one of the initiative sources of financial service for poor entrepreneurs that only have small businesses and lack access to banking and other services. Microfinance always focuses on poor people with no steady employment who cannot meet most of the qualifications to get financial services from normal banking. Thus, the abilities of borrowers to pay back their microfinance are one of the arguments that need concentration. The finding revealed that there were only two independent variables which were business experience and loan tenure which had a significant positive relationship with the dependent variable namely microfinance repayment performance among borrowers of Amanah Ikhtiar Malaysia (AIM) in Jerantut, Pahang. The knowledge of borrower was not significantly related to the microfinance repayment performance. The result provided the understanding and insight on AIM's institution, financial institutions, and academic significance about how loan giving out and avoiding microfinance repayment defaults.
Microfinance is one of the initiative sources of financial service for poor entrepreneurs that only have small businesses and lack access to banking and other services. Microfinance always focuses on poor people with no steady employment who cannot meet most of the qualifications to get financial services from normal banking. Thus, the abilities of borrowers to pay back their microfinance are one of the arguments that need concentration. The finding revealed that there were only two independent variables which were business experience and loan tenure which had a significant positive relationship with the dependent variable namely microfinance repayment performance among borrowers of Amanah Ikhtiar Malaysia (AIM) in Jerantut, Pahang. The knowledge of borrower was not significantly related to the microfinance repayment performance. The result provided the understanding and insight on AIM’s institution, financial institutions, and academic significance about how loan giving out and avoiding microfinance repayment defaults.
Abstract-The collaboration between FASTrack AutosportsPte. Ltd. (Singapore) and UEM Land Berhad (Malaysia) to build a RM3.5 billion Motorsports City in Johor's Iskandar region provides greater prospects for the nation and to motorsports devotees. Hence, this paper aims to focus on certain motorsports issues including its opportunities and challenges. It commences with the development of motorsports in Malaysia. Although, this paper is constrained by the paucity of academic literatures on motorsports from the management perspective however, together with the results of interview from two key people in the motorsports industry and the authors' experience with practitioners in the respective business, some issues that came to light are pointed out including organizational and human resource. On the basis of the authors' understanding of the progressively multifaceted activities of this industry, much attention needs to be focused on the opportunities of this sport and some issues are demanding immediate actions. More awareness needs to be given to motorsport events as well as increased research efforts on this industry. Significant findings from the management perspectives perhaps might influence policy making and practice inside the track.
In current business environment, corporate social responsibility (CSR) has become the powerful source for competitive advantage and it became popular among companies to uphold the image and contribute to the success of the organization. This paper intends to investigate how CSR can help in reducing social issues by conducting a drag racing known as Sprint Test. This study is based on information gathered thru questionnaires distributed to racers at the race event. In depth interviews with a business owners and local enforcement officer was conducted to clarify the effect of the race event to local community. The importance of CSR as seen through the prism of how social issue such as illegal racing can be reduced and eliminated by having a proper race circuit was established in this study.
The Algerian delegates hurriedly returned after the meeting ended as the Prime Minister had announced the Movement Control Order last night. Haji Mohamed Fauzy Abdul Hamid (Hj. Fauzy), President of the corporate group, stepped towards his Chesterfield office chair. He peered outside the window while reminiscing his first step into the business world four decades ago. Innumerable, valuable experience propped his footing in the MOFAZ building. “What in the world is a share? I have not the slightest idea about listing. Where can we find that many, Fauzy? I can only spend RM1,000. For the rest, you have to go and ask yourself,” Ahmad’s shrill voice concerned him. He still had to meet 27 other people. “That cannot be all you have, Ahmad. I knew you bought a lot of Nestle stocks last week. They are piled up in your home. You have spent more than RM30,000 on those!” Fauzy’s tone rose. “You know those are capital, right? The margin is small, too, only 2 to 3%!” Ahmad was relentless. They were racking their brains to find a way to obtain RM25 million in 30 days. “If a close friend like you cannot even outlay 1%, who else can I ask?” Fauzy exclaimed and immediately left the building of the Consortium of Bumiputera Nestle Distributors (GAPENEST). He concentrated his entire thought on how to generate the RM25 million while holding the crumpled letter from Nestle he had received. He was uncertain whether the news was good or bad for GAPENEST and himself.
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