Personal values and entrepreneurial orientations in Malay entrepreneurs in Malaysia

Abstract

Purpose -The purpose of this paper is to discuss how personal values and internal motivation interact to influence entrepreneurial orientations. Personal values and internal motivation are among personal characteristics that have an impact on entrepreneurial orientation. However, these two personal variables are studied in isolation; therefore, how these two interact to influence entrepreneurial orientation is not yet fully understood. Design/methodology/approach -This study comprised a sample of Malay-owned small and medium enterprises (SMEs) located in the Klang Valley in Malaysia. A cross-sectional research design was used to examine the relationships between personal values, self-efficacy motivation and entrepreneurial orientation among small-scale Malay SMEs. To focus on SMEs, lists were sought from the Majlis Amanah Rakyat (MARA). Malay was chosen for this study because Malaysia has a majority of the Malay population compared to other races. Data were gathered based on mailed and personally administered questionnaires. Findings -The findings indicate that self-efficacy of Malay SMEs in the Shah Alam area acted as a mediator in the relationship between personal values and entrepreneurial orientation. Malay SMEs were found to have high self-efficacy and entrepreneurial orientation. Practical implications -An important implication of this research is that the interesting findings provide some insight to management consultants for focusing on improving the self-efficacy of Malay SMEs, in their training, as this would improve their entrepreneurial orientations. Originality/value -The findings are original and unique and are based on established theories from the literature on Malay-based SMEs in Malaysia. The results are based on a sample of Malay-owned SMEs in the Klang Valley in Malaysia. The research findings are useful to academics and policymakers interested in fostering SMEs in Malaysia.

Level of Entrepreneurship Competence and Readiness Among Medical Students in A Private University in Shah Alam, Malaysia

“…On the other hand, there is no significant association between race, family background, course, and marital status with the level of entrepreneurial competence. Alam et al (2015) stated that there is a significant interaction between race and self-efficacy, which is a trait of entrepreneurial competence, and they disclose that creativity, innovation, and exposure in business are low among Malay entrepreneurs than Chinese entrepreneurs. Additionally, individuals from an entrepreneurial family have better competence as they were wellprepared with skills and knowledge in entrepreneurial activities than individuals from nonentrepreneurial background (Littunen & Hyrsky, 2000).…”

Whether Religiousness and Intrinsic and Extrinsic Values Matter the Most to Muslim Entrepreneurs: A Case Study

“…Religiosity. This section consists of questions related to religious activities or obligation of a Muslim as commanded by Allah to every Muslim (adapted from Alam, Mohd, Kamaruddin, & Nor, 2015) Values. This section consists of questions related to religious values (adapted from Mohd et al, 2016) and work values comprising intrinsic and extrinsic values (based on Rokeach & Ball-Rokeach, 1989).…”

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“…Besides that, [19] stated that person with a confidence are able to accept the negative feedback in a positive manner. Previous study shows that there is a significant positive relationship between self-efficacy and firm performance [20], [21].…”