International Journal of Business and Social Science

ISSN 2219-1933 (Print), 2219-6021 (Online)

 

Entrepreneurial Growth Process of Malay Entrepreneurs- A Malaysian
Ummi Salwa Ahmad Bustamam

Abstract
Entrepreneurship and growth are closely equated with high performance and survivability among entrepreneurs. Growth is also an indication of continued entrepreneurship. Although much has been written about the growth of entrepreneurship, there is no universal theory which can adequately explain it. As entrepreneurs continue on the long and challenging entrepreneurial process towards business growth, they would face many obstacles that could either make or break them. Adopting a case study method, this paper includes in-depth interviews with one Malay entrepreneur to understand how he has successfully grown his
business. Two specific lessons learned from the case. First lesson is the importance of risk management among small businesses and second, the religious obligation as driver for business growth. This study is expected to contribute significantly to the wealth of academic literature in the subject of entrepreneurial business growth process. Thus, it can be regarded as a concentrated effort to provide guidance for new and aspiring Malay entrepreneurs to carefully plan their business strategies as well as the projected business growth. This study also plays an essential role to provide recommendations for policy makers to foster and encourage entrepreneurship through targeted policy initiatives by fully understanding the elements that constitute an entrepreneur and the entrepreneurial activity.

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