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Modeling Economic Growth in Contemporary Malaysia.

By: Contributor(s): Material type: TextTextSeries: Entrepreneurship and Global Economic Growth SeriesPublisher: Bingley : Emerald Publishing Limited, 2021Copyright date: ©2021Edition: 1st edDescription: 1 online resource (361 pages)Content type:
  • text
Media type:
  • computer
Carrier type:
  • online resource
ISBN:
  • 9781800438064
Subject(s): Genre/Form: Additional physical formats: Print version:: Modeling Economic Growth in Contemporary MalaysiaDDC classification:
  • 337
LOC classification:
  • HD72-88
Online resources:
Contents:
Cover -- Modeling Economic Growth in Contemporary Malaysia -- Entrepreneurship and Global Economic Growth -- Modeling Economic Growth in Contemporary Malaysia -- Copyright -- Table of Contents -- List of Tables and Figures -- About the Editors -- About the Contributors -- Introduction -- 1. SMEs Retailing in Malaysia: Challenges for Industrial Revolution 4.0 Implementation -- Abstract -- 1. SMEs Retailing -- 1.1 Retail Sector in Malaysia -- 2. Industrial Revolution -- 2.1 The Evolution of Industrial Revolution -- 2.1.1 The First Industrial Revolution -- 2.1.2 The Second Industrial Revolution -- 2.1.3 The Third Industrial Revolution -- 2.1.4 The Fourth Industrial Revolution -- 3. Impact of IR 4.0 -- 3.1 Ways of IR4.0 Impact on Retailing -- 3.1.1 Internet of Things -- 3.1.2 Multichannel Offerings -- 3.1.3 3D Printing -- 3.1.4 Robotics -- 3.2 Readiness of SMEs Retail -- 3.3 Challenges -- 3.4 Benefits of Embracing IR4.0 -- 3.4.1 Benefits for SMEs as a Whole -- 3.4.1.1 Efficiency -- 3.4.1.2 Cost-effectiveness -- 3.4.1.3 Productivity Improvement -- 3.4.1.4 Customization -- 3.4.2 Benefits for Retailers -- 3.5 HOW Can Retailers of Malaysian SMEs Respond to IR 4.0? -- 3.5.1 Training the Workforce -- 3.5.2 Implication of Financing -- 3.5.3 Efficient Management of Change -- 3.6 Issues Faced by SMEs and Retailers -- 4. Recommendation and Conclusion -- 4.1 Recommendation -- 4.2 Conclusion -- References -- 2. Education and Innovation Growth: Establishing Entrepreneurial University Framework in Malaysia -- Abstract -- 1. Introduction -- 2. Malaysian Higher Education Systems -- 3. Public HEIs -- 4. Private Universities -- 5. University Colleges -- 6. Private Colleges -- 7. World University Rankings and Malaysia -- 8. MOHE - The Governing Authority -- 9. Entrepreneurial University Agenda -- 10. What Is Entrepreneurial Architecture? -- 10.1 Structures.
10.2 Leadership -- 10.3 Systems -- 10.4 Strategies -- 10.5 Culture -- 11. Artificial Intelligence (AI) -- 11.1 Proposed Research Framework -- 12. Why Entrepreneurial University Agenda Is So Important? -- 13. Conclusion -- References -- 3. An Overview of Malaysian Small and Medium Enterprises: Contributions, Issues, and Challenges -- Abstract -- 1. Introduction -- 2. Definition of Malaysian SMEs -- 3. The Contributions of SMEs in Malaysia -- 4. An Overview of Issues and Challenges of Malaysian SMEs -- 5. Common Issues and Challenges of SMEs in Malaysia -- 5.1 Capital and Financing Issues -- 5.2 Financial Management Problems -- 5.3 Rising Cost of Running Business -- 5.4 Limited Market -- 5.5 Obstacles Obtaining Raw Material -- 5.6 Unskilled Labor -- 5.7 Reluctant to Attend Training -- 5.8 Lack of Facilities and Infrastructure -- 5.9 Low Networking with Large Firms -- 5.10 Limitations on Implementation of ICT or Digitalization -- 5.11 Other Issues and Challenges -- 6. Conclusion -- References -- 4. STEM Education in Malaysia: Fulfilling SMEs' Expectation -- Abstract -- 1. Introduction -- 2. Literature Review -- 3. Education System of Malaysia -- 4. STEM in Malaysia -- 5. Gap between STEM Demands and Offerings -- 6. Industrialization of Malaysia -- 7. Graduate Employee Requirements beyond 2020 -- 7.1 Access -- 7.2 Quality -- 7.3 Efficiency -- 8. Conclusion -- References -- 5. Technological Parks, Clusters, and Innovation Networks: Expected Transformation of Innovative Sectors -- Abstract -- 1. Introduction -- 2. Technological Parks -- 3. Innovative Industrial Cluster -- 4. Innovation Networks -- 5. Expected Transformation of Innovative Sectors -- 6. Conclusion -- References -- 6. Post COVID-19: Strategic Digital Entrepreneurship in Malaysia -- Abstract -- 1. Introduction -- 2. The Business Environment Effecting Malaysian Entrepreneurs.
2.1 The Fast-changing Business Environment -- 2.2 The Government Policy and Enforcement on Entrepreneurs -- 2.3 COVID-19 Post Environment Effect -- 2.4 Nurturing Entrepreneurs: Producing a New Badge by 2030 -- 3. The Strategic Digital Entrepreneurship -- 4. Conclusion -- References -- 7. Agrarian Sector: Past, Present, and Future Directions toward Sustainable Palm Oil Plantations based on World Demand -- Abstract -- 1 Introduction -- 2 Current Outlook on Malaysia's Palm Oil Industry -- 2.1 Regional Market Performance -- 2.1.1 Asia Pacific -- 2.1.2 China -- 2.1.3 Middle East and North Africa -- 2.1.4 Subcontinent -- 2.1.5 Europe -- 2.1.6 Africa -- 2.1.7 The Americas -- 3 The Future of Palm Oil -- 3.1 Accelerating the Replanting of Oil Palm -- 3.2 Improving Fresh Fruit Bunch Yield -- 3.3 Improving Worker Productivity -- 3.4 Increasing the Oil Extraction Rate -- 3.5 Developing Biogas at Palm Oil Mills -- 3.6 Developing Oleo Derivatives -- 3.7 Commercializing Second-generation Biofuels -- 3.8 Expediting Growth in Food and Health-based Downstream Segments -- 4 Conclusion -- References -- 8. Malaysia on the Way to Sustainable Development: Circular Economy and Green Technologies -- Abstract -- 1. Introduction -- 2. Concept and Definition -- 2.1 Concept of Sustainable Development -- 2.2 Definition of Sustainable Developments -- 3. Sustainable Development in Malaysia -- 4. Circular Economy -- 4.1 Brief History of Circular Economy -- 4.2 Circular Economy Situation in Malaysia -- 5. Green Economy and Circular Economy -- 5.1 Environmental Sustainability in Malaysia: Elaborating the Green Economy and Environmental Efficiency -- 5.2 Green Technology in Malaysia for Sustainable Business Development -- 5.3 Malaysia Green Technology Initiatives -- References -- 9. The Importance of Industry Value Chain for Development of Malaysian Halal Industry -- Abstract.
1. Introduction -- 2. Value Chain Analysis: In Brief -- 3. Outlook, Constraints, and Needs -- 3.1 Halal Logistics -- 3.1.1 Market Outlook -- 3.1.2 Constraints -- 3.1.2.1 Financial Constraint -- 3.1.2.2 Time Constraint -- 3.1.2.3 Lack of Demand -- 3.1.3 Needs -- 3.1.3.1 Provide Incentives -- 3.1.3.2 Branding to Create Demand -- 3.2 Halal Marketing and Sales -- 3.2.1 Market Outlook -- 3.2.2 Constraints -- 3.2.2.1 Weak Integration of Marketers -- 3.2.2.2 Asymmetric Information -- 3.2.3 Needs -- 3.2.3.1 Marketing Gatekeepers -- 3.2.3.2 Avoid Reliance on Middlemen -- 3.3 Halal Operation -- 3.3.1 Market Outlook -- 3.3.2 Constraints -- 3.3.2.1 Requirement from Different Entity -- 3.3.3 Needs -- 3.3.3.1 Greater Integration among Authorities -- 4. Lessons Learned -- References -- 10. Malaysia in Global Ratings: Position and Dynamics -- Abstract -- 1. Introduction -- 2. Malaysia's Economy Outlook -- 3. Safeguarding the Stability of the Financial System -- 4. Key Enablers for the Development of the Financial System -- 5. Enhancing Regional and International Financial Linkages -- 6. Effective Intermediation for a High Value-Added and High-Income Economy -- 7. Conclusion -- References -- 11. How to Create a Competitive Organization, Leveraging Strategic Capabilities in Malaysia -- Abstract -- 1. Introduction -- 2. Challenges to Staying Competitive in Today's Economy -- 2.1 Future Uncertainty -- 2.2 Knowing when to Embrace Change -- 2.3 Recruiting the Right Talent -- 2.4 Technology Advancement -- 2.5 Integrity -- 2.6 Increased Competition in the Market -- 3. Strategies to Remain Competitive in Today's Global Market -- 3.1 Knowing the Competition and being Different -- 3.2 Updating the Organization's Image -- 3.3 Looking After the Existing Customers -- 3.4 Targeting New Markets -- 3.5 Being the Best Employer -- 3.6 Foreseeing the Future.
3.7 Exemplifying and Positioning Strengths to Weaknesses -- 3.8 Taking into Consideration the Local Context -- 3.9 Using Data and Analytics to Support Strategy -- 3.10 Prioritizing Creativity and Innovation -- 3.11 Knowing the Data -- 3.12 Remaining Relevant -- 3.13 Exploring Partnership Opportunities -- 4. Malaysian Strategies and Initiatives in Supporting the Organization's Sustainability -- 4.1 What are the Malaysian Strategies in Supporting the Organization's Sustainability? -- 4.1.1 Transforming Schools' Systems -- 4.1.2 Strengthening TVET and STEM -- 4.1.3 Digitalization of the Malaysian Employment Landscape -- 4.1.4 Networking and Collaboration with Other Countries -- 4.2 What are the Malaysian Initiatives in Supporting Business Sustainability? -- 4.2.1 Appreciate the Effort from Industry -- 4.2.2 Competitive Fiscal and Monetary Policies -- 4.2.3 Strengthening Human Capital Development -- 5. Conclusion -- References -- 12. Human Capital Development in Malaysia: Issues and Challenges -- Abstract -- 1. Introduction -- 2. Early Human Capital Development in Malaysia -- 2.1 Education Structure -- 2.2 Preschool Education -- 2.3 Primary Education (Year 1 to Year 6) -- 2.4 Secondary Education (Form I-Form V) -- 2.5 Preuniversity -- 2.6 Tertiary Education (Higher Education) -- 2.7 Technical and Vocational Education and Training -- 3. The Role of Education in Human Capital Development in Malaysia -- 4. Human Capital Development in Malaysia -- 5. Issues and Challenges -- 5.1 Employability Rate -- 5.2 Rate of Innovation -- 6. Conclusion -- References -- 13. Public-Private Partnership and Social Innovation in Malaysia -- Abstract -- 1. Introduction -- 2. Malaysian Context -- 2.1 Microfinancing -- 2.2 Social Entrepreneurship -- 2.3 The Grassroots Innovation -- 2.4 Public Service Delivery -- 3. Issues and Challenges -- 4. Conclusions -- References.
14. Administrative Arrangement, Spatial Development, and Regional Policy in Malaysia.
Summary: This book considers crucial changes to Malaysian economic areas and social well-being. The chapters cover diverse industries such as IT, green technology, retailing, banking, tourism and hospitality, education, logistics, finance, banking, and many others.
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Cover -- Modeling Economic Growth in Contemporary Malaysia -- Entrepreneurship and Global Economic Growth -- Modeling Economic Growth in Contemporary Malaysia -- Copyright -- Table of Contents -- List of Tables and Figures -- About the Editors -- About the Contributors -- Introduction -- 1. SMEs Retailing in Malaysia: Challenges for Industrial Revolution 4.0 Implementation -- Abstract -- 1. SMEs Retailing -- 1.1 Retail Sector in Malaysia -- 2. Industrial Revolution -- 2.1 The Evolution of Industrial Revolution -- 2.1.1 The First Industrial Revolution -- 2.1.2 The Second Industrial Revolution -- 2.1.3 The Third Industrial Revolution -- 2.1.4 The Fourth Industrial Revolution -- 3. Impact of IR 4.0 -- 3.1 Ways of IR4.0 Impact on Retailing -- 3.1.1 Internet of Things -- 3.1.2 Multichannel Offerings -- 3.1.3 3D Printing -- 3.1.4 Robotics -- 3.2 Readiness of SMEs Retail -- 3.3 Challenges -- 3.4 Benefits of Embracing IR4.0 -- 3.4.1 Benefits for SMEs as a Whole -- 3.4.1.1 Efficiency -- 3.4.1.2 Cost-effectiveness -- 3.4.1.3 Productivity Improvement -- 3.4.1.4 Customization -- 3.4.2 Benefits for Retailers -- 3.5 HOW Can Retailers of Malaysian SMEs Respond to IR 4.0? -- 3.5.1 Training the Workforce -- 3.5.2 Implication of Financing -- 3.5.3 Efficient Management of Change -- 3.6 Issues Faced by SMEs and Retailers -- 4. Recommendation and Conclusion -- 4.1 Recommendation -- 4.2 Conclusion -- References -- 2. Education and Innovation Growth: Establishing Entrepreneurial University Framework in Malaysia -- Abstract -- 1. Introduction -- 2. Malaysian Higher Education Systems -- 3. Public HEIs -- 4. Private Universities -- 5. University Colleges -- 6. Private Colleges -- 7. World University Rankings and Malaysia -- 8. MOHE - The Governing Authority -- 9. Entrepreneurial University Agenda -- 10. What Is Entrepreneurial Architecture? -- 10.1 Structures.

10.2 Leadership -- 10.3 Systems -- 10.4 Strategies -- 10.5 Culture -- 11. Artificial Intelligence (AI) -- 11.1 Proposed Research Framework -- 12. Why Entrepreneurial University Agenda Is So Important? -- 13. Conclusion -- References -- 3. An Overview of Malaysian Small and Medium Enterprises: Contributions, Issues, and Challenges -- Abstract -- 1. Introduction -- 2. Definition of Malaysian SMEs -- 3. The Contributions of SMEs in Malaysia -- 4. An Overview of Issues and Challenges of Malaysian SMEs -- 5. Common Issues and Challenges of SMEs in Malaysia -- 5.1 Capital and Financing Issues -- 5.2 Financial Management Problems -- 5.3 Rising Cost of Running Business -- 5.4 Limited Market -- 5.5 Obstacles Obtaining Raw Material -- 5.6 Unskilled Labor -- 5.7 Reluctant to Attend Training -- 5.8 Lack of Facilities and Infrastructure -- 5.9 Low Networking with Large Firms -- 5.10 Limitations on Implementation of ICT or Digitalization -- 5.11 Other Issues and Challenges -- 6. Conclusion -- References -- 4. STEM Education in Malaysia: Fulfilling SMEs' Expectation -- Abstract -- 1. Introduction -- 2. Literature Review -- 3. Education System of Malaysia -- 4. STEM in Malaysia -- 5. Gap between STEM Demands and Offerings -- 6. Industrialization of Malaysia -- 7. Graduate Employee Requirements beyond 2020 -- 7.1 Access -- 7.2 Quality -- 7.3 Efficiency -- 8. Conclusion -- References -- 5. Technological Parks, Clusters, and Innovation Networks: Expected Transformation of Innovative Sectors -- Abstract -- 1. Introduction -- 2. Technological Parks -- 3. Innovative Industrial Cluster -- 4. Innovation Networks -- 5. Expected Transformation of Innovative Sectors -- 6. Conclusion -- References -- 6. Post COVID-19: Strategic Digital Entrepreneurship in Malaysia -- Abstract -- 1. Introduction -- 2. The Business Environment Effecting Malaysian Entrepreneurs.

2.1 The Fast-changing Business Environment -- 2.2 The Government Policy and Enforcement on Entrepreneurs -- 2.3 COVID-19 Post Environment Effect -- 2.4 Nurturing Entrepreneurs: Producing a New Badge by 2030 -- 3. The Strategic Digital Entrepreneurship -- 4. Conclusion -- References -- 7. Agrarian Sector: Past, Present, and Future Directions toward Sustainable Palm Oil Plantations based on World Demand -- Abstract -- 1 Introduction -- 2 Current Outlook on Malaysia's Palm Oil Industry -- 2.1 Regional Market Performance -- 2.1.1 Asia Pacific -- 2.1.2 China -- 2.1.3 Middle East and North Africa -- 2.1.4 Subcontinent -- 2.1.5 Europe -- 2.1.6 Africa -- 2.1.7 The Americas -- 3 The Future of Palm Oil -- 3.1 Accelerating the Replanting of Oil Palm -- 3.2 Improving Fresh Fruit Bunch Yield -- 3.3 Improving Worker Productivity -- 3.4 Increasing the Oil Extraction Rate -- 3.5 Developing Biogas at Palm Oil Mills -- 3.6 Developing Oleo Derivatives -- 3.7 Commercializing Second-generation Biofuels -- 3.8 Expediting Growth in Food and Health-based Downstream Segments -- 4 Conclusion -- References -- 8. Malaysia on the Way to Sustainable Development: Circular Economy and Green Technologies -- Abstract -- 1. Introduction -- 2. Concept and Definition -- 2.1 Concept of Sustainable Development -- 2.2 Definition of Sustainable Developments -- 3. Sustainable Development in Malaysia -- 4. Circular Economy -- 4.1 Brief History of Circular Economy -- 4.2 Circular Economy Situation in Malaysia -- 5. Green Economy and Circular Economy -- 5.1 Environmental Sustainability in Malaysia: Elaborating the Green Economy and Environmental Efficiency -- 5.2 Green Technology in Malaysia for Sustainable Business Development -- 5.3 Malaysia Green Technology Initiatives -- References -- 9. The Importance of Industry Value Chain for Development of Malaysian Halal Industry -- Abstract.

1. Introduction -- 2. Value Chain Analysis: In Brief -- 3. Outlook, Constraints, and Needs -- 3.1 Halal Logistics -- 3.1.1 Market Outlook -- 3.1.2 Constraints -- 3.1.2.1 Financial Constraint -- 3.1.2.2 Time Constraint -- 3.1.2.3 Lack of Demand -- 3.1.3 Needs -- 3.1.3.1 Provide Incentives -- 3.1.3.2 Branding to Create Demand -- 3.2 Halal Marketing and Sales -- 3.2.1 Market Outlook -- 3.2.2 Constraints -- 3.2.2.1 Weak Integration of Marketers -- 3.2.2.2 Asymmetric Information -- 3.2.3 Needs -- 3.2.3.1 Marketing Gatekeepers -- 3.2.3.2 Avoid Reliance on Middlemen -- 3.3 Halal Operation -- 3.3.1 Market Outlook -- 3.3.2 Constraints -- 3.3.2.1 Requirement from Different Entity -- 3.3.3 Needs -- 3.3.3.1 Greater Integration among Authorities -- 4. Lessons Learned -- References -- 10. Malaysia in Global Ratings: Position and Dynamics -- Abstract -- 1. Introduction -- 2. Malaysia's Economy Outlook -- 3. Safeguarding the Stability of the Financial System -- 4. Key Enablers for the Development of the Financial System -- 5. Enhancing Regional and International Financial Linkages -- 6. Effective Intermediation for a High Value-Added and High-Income Economy -- 7. Conclusion -- References -- 11. How to Create a Competitive Organization, Leveraging Strategic Capabilities in Malaysia -- Abstract -- 1. Introduction -- 2. Challenges to Staying Competitive in Today's Economy -- 2.1 Future Uncertainty -- 2.2 Knowing when to Embrace Change -- 2.3 Recruiting the Right Talent -- 2.4 Technology Advancement -- 2.5 Integrity -- 2.6 Increased Competition in the Market -- 3. Strategies to Remain Competitive in Today's Global Market -- 3.1 Knowing the Competition and being Different -- 3.2 Updating the Organization's Image -- 3.3 Looking After the Existing Customers -- 3.4 Targeting New Markets -- 3.5 Being the Best Employer -- 3.6 Foreseeing the Future.

3.7 Exemplifying and Positioning Strengths to Weaknesses -- 3.8 Taking into Consideration the Local Context -- 3.9 Using Data and Analytics to Support Strategy -- 3.10 Prioritizing Creativity and Innovation -- 3.11 Knowing the Data -- 3.12 Remaining Relevant -- 3.13 Exploring Partnership Opportunities -- 4. Malaysian Strategies and Initiatives in Supporting the Organization's Sustainability -- 4.1 What are the Malaysian Strategies in Supporting the Organization's Sustainability? -- 4.1.1 Transforming Schools' Systems -- 4.1.2 Strengthening TVET and STEM -- 4.1.3 Digitalization of the Malaysian Employment Landscape -- 4.1.4 Networking and Collaboration with Other Countries -- 4.2 What are the Malaysian Initiatives in Supporting Business Sustainability? -- 4.2.1 Appreciate the Effort from Industry -- 4.2.2 Competitive Fiscal and Monetary Policies -- 4.2.3 Strengthening Human Capital Development -- 5. Conclusion -- References -- 12. Human Capital Development in Malaysia: Issues and Challenges -- Abstract -- 1. Introduction -- 2. Early Human Capital Development in Malaysia -- 2.1 Education Structure -- 2.2 Preschool Education -- 2.3 Primary Education (Year 1 to Year 6) -- 2.4 Secondary Education (Form I-Form V) -- 2.5 Preuniversity -- 2.6 Tertiary Education (Higher Education) -- 2.7 Technical and Vocational Education and Training -- 3. The Role of Education in Human Capital Development in Malaysia -- 4. Human Capital Development in Malaysia -- 5. Issues and Challenges -- 5.1 Employability Rate -- 5.2 Rate of Innovation -- 6. Conclusion -- References -- 13. Public-Private Partnership and Social Innovation in Malaysia -- Abstract -- 1. Introduction -- 2. Malaysian Context -- 2.1 Microfinancing -- 2.2 Social Entrepreneurship -- 2.3 The Grassroots Innovation -- 2.4 Public Service Delivery -- 3. Issues and Challenges -- 4. Conclusions -- References.

14. Administrative Arrangement, Spatial Development, and Regional Policy in Malaysia.

This book considers crucial changes to Malaysian economic areas and social well-being. The chapters cover diverse industries such as IT, green technology, retailing, banking, tourism and hospitality, education, logistics, finance, banking, and many others.

Description based on publisher supplied metadata and other sources.

Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2024. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.

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