The Determinants of SME Succession in Malaysia, From Entrepreneurship Perspective

Abstract

This study aims to investigate the determinants of small and medium enterprises succession amongst Malaysian entrepreneurs. The term “succession” is defined as profit and growth with intrinsic factors like entrepreneur’s satisfaction and their sense of achievement. Three hundred and eighty six employers and employees from Klang Valley were surveyed. Data was collected using a questionnaire that was conducted through online distribution and face to face approach. Twenty five Likert-style questions were used to determine the determinants of the small and medium enterprises succession in Malaysia from entrepreneurship perspective. Findings revealed that the determinants of small and medium enterprises succession in Malaysia are managing skills in finance, social networking, creativity of business products or services and level of education of entrepreneur. In conclusion, the findings indicated that several similarities are shared amongst entrepreneurs in terms of succession in small and medium enterprises despite differences across education levels.