Innovation and technology adoption challenges: impact on SMEs’ company performance
Hamidatun Khusna Mustafa1, Sabariah Yaakub2.
Small and Medium Enterprises (SMEs), although a vital component in fostering
economic growth of a country, failed to rise to its full potential due to various challenges. In
the SME Masterplan 2012-2020, the government of Malaysia has outlined six of these
challenges: human capital development, access to financing, market access, infrastructure,
innovation and technology adoption, and legal and regulatory environment. This paper seeks
to study one of the challenge, innovation and technology adoption, and determine its effect on
the performance of the SMEs in Malaysia. Data was collected through a survey to Malaysian
SME manufacturing companies yielding a response from 152 companies. Results indicate a
significant relationship between innovation and technology adoption challenge and company
performance.
Affiliation:
- Universiti Utara Malaysia, Malaysia
- Universiti Utara Malaysia, Malaysia
Download this article (This article has been downloaded 37 time(s))