Identifying Key Performance Indicators for Manufacturing Industries Bumiputera Entrepreneurs (MIBE) in East Coast Malaysia
- July 31, 2019
- Posted by: RSIS
- Category: Social Science
International Journal of Research and Innovation in Social Science (IJRISS) | Volume III, Issue VII, July 2019 | ISSN 2454–6186
Abeykoon.M. S. Hamid#, S. B. Mohamed#, A. A. Abdullah*
# Faculty of Inovative Design and Technology, University Sultan Zainal Abidin, Kuala Terengganu,21300, Malaysia
*Faculty of Economic and Management Sciences, University Sultan Zainal Abidin, Kuala Terengganu,21300, Malaysia
Abstract— The Manufacturing Industries in Malaysia were the fastest-growth industry over the past few years. In doing so, involvement of Bumiputera Entrepreneurs in this area was competitive. After the support gave from the government to the entrepreneur, the government still doesn’t have any apparatus for analyzing Manufacturing Industries Bumiputera Entrepreneur (MIBE) performance. The development of the MIBE performance index will give the government, agencies and other stakeholders a clear picture of the success achieved so far, the efficacy of strategies used, failures if any, areas that needed to be polished, so as to achieve optimum utilization of resources towards the entrepreneurship development. Similarly, the government will be able to use this performance index in order to have a stand on whether to continue with the support or make necessary adjustments. However, there are limited published studies on the evaluation of the sustainability performance of the MIBE sector. Thus, this paper aims to formulate a list of key performance index (KPI) for the MIBE. First, a literature study on the Bumiputera Entrepreneur development carried out. This study continued with study of KPI from various industries. Finally, a set of KPI which can be used for measuring performance index in MIBE was identified. These KPI was used to design a question which will be distributed to some agencies to strengthen the list of performance index .
Keywords— Performance Indicators; Entrepreneur’s; Bumiputera; Manufacturing Industries, Malaysia.
I. INTRODUCTION
Entrepreneurship is like a marathon, and not just because it isn’t a sprint. Think of it: Thousands of companies set out for an achingly long test of their strategy, their preparation and, most of all, their ability to endure. For all companies, the start is the same where everyone is equal before the starting gun goes off. But soon some break free of the masses and move ahead; others fall behind (Shea, 2015). Entrepreneurship is responsible for the vast majority of new income, new jobs, new innovations, new organizational forms and wealth created in society (Town, 2017).
