Malaysian Craft Industry: Constructing The Underlying Factors In Entrepreneurial Traits

• Main Authors: Wan Abd Aziz, Wan Mohd Amin, Muhamad Abi, Sofian, Shaladdin, Muda
• Format: Article
• Language: English
• Published: 2018
• Subjects: HB Economic Theory
• Online Access: http://eprints.unisza.edu.my/6203/1/FH02-FSSG-18-16406.pdf; http://eprints.unisza.edu.my/6203/

Malaysian craft industry is currently in transformation from focusing on social-based activities into profit-based activities. Thus, the entrepreneurial traits and skills become important in developing the industry in Malaysia. Kraftangan Malaysia is a government agency that responsible in implementing the public policy that regarding the development of entrepreneurial traits among craft entrepreneurs. Since the emergence a new concept of several numbers of entrepreneurial traits, business performance has become important aspects in producing new paradigm in Malaysia craft industry. Nowadays, Kraftangan Malaysia is hardly to identify the factors that should be emphasized in constructing entrepreneurial traits among craft-makers in Malaysia. Therefore the purpose of this paper is to construct the underlying structure in a set of data and validity of factors that was developing based on literature. The confirmatory factor analysis is a method that was used to study the validity of components in factors of; need for achievement, locus of control, creativity, innovative, and grab market opportunities. The result indicates that there were only 45 from 68 components of the rotated component matrix are above 0.5. Furthermore, the existences of various factors in this study are valid; however, the components of instrument become reduce. Therefore, the questionnaire is surely can be to make a further study without doubt in inferential analysis. Additionally, the finding of this confirmatory factor analysis become important to entrepreneurship agencies and industry players in constructing the programs, policies, guideline and any model that involve with the variables in developing the entrepreneurial traits.