Critical factors on knowledge transfer and family business performance

• Main Author: Kamarudin, Muhamad Ali Imran
• Format: Conference or Workshop Item
• Language: English
• Published: 2017
• Subjects: HB Economic Theory
• Online Access: https://repo.uum.edu.my/id/eprint/23738/1/CBMM%202017%20390%20397.pdf; https://repo.uum.edu.my/id/eprint/23738/

Small Medium Enterprises (SMEs) that comprise 645,136 establishments contributed about 32 percent to GDP for Malaysia in 2016.Sole proprietors, also categories as family business, ratio at 71% of total SME in Malaysia.However, approximately 50 percent SMEs closed within 5 years of establishments due to lack of financial resources, poor marketing implementation, operational inefficiencies as well as poor cash flow management.Various training programs for businesses failed to set any mechanisms in evaluating progress of the training participants as they lack in business performance indicators. Besides, it allows critical roles of trainers slips under the radar as well as trainee’s learning absorption are rather low, which is at 40 percent resulted from lack of knowledge transfer.These issue indicate that knowledge transfers weakness which impacting business performance subsequently.Thus, study aims to examine the relationship between knowledge transfer factors and family business performance. Explanatory research is exploited using mixed mode approach where family business SMEs is set to be the unit of analysis.The study using Smart-PLS for regression and SPSS to correlate the studied factors.The impact of the results is expected to show critical variables relevant to knowledge transfer process that has an impact on family business performance.