Adaptation of a Business Performance Measurement System for Malaysian Smaller Enterprises
This research was conducted to test the validity of the new performance measurement system, Engine For Smaller Enterprise (E4SE) model to recommend its implementation in small project based companies in the Malaysian SME industry. E4SE model evaluates an enterprise internally and externally throug...
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| Format: | Article |
| Language: | English |
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Romanian Society for Quality Assurance - SRAC
2017
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| Online Access: | http://umpir.ump.edu.my/id/eprint/19783/ http://umpir.ump.edu.my/id/eprint/19783/ http://umpir.ump.edu.my/id/eprint/19783/1/Adaptation%20of%20a%20Business%20Performance%20Measurement.pdf |
| Summary: | This research was conducted to test the validity of the new performance measurement system, Engine For Smaller
Enterprise (E4SE) model to recommend its implementation in small project based companies in the Malaysian SME
industry. E4SE model evaluates an enterprise internally and externally through different aspects such as
management level, level of competitors or rivals to develop future strategic plan in order to sustain the business
survival. E4SE is comprised of three main elements: Strategy Formulation Activities (SFA), Strategy Administration
Activities (SAA) and Performance. Survey questionnaires were distributed to the management cadre or the
company’s owner-manager of the company respectively. A total sample of 49 samples was used in this study.
Research objective had been achieved through the data analysis finalized by using Microsoft Excel. The results of
this study shows that Malaysian small project based SME companies are suitable to implement the modified E4SE.
It’s proven that the implementations of E4SE model in the SMEs do not only increase the potential of the company,
but also raise the awareness of the performance measurement system implementation in an organization. |
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