Small and medium enterprises’ business sustainability based on the Industry 4.0 internet of things adoption: a Malaysian Bumiputera case study
Companies of all sizes, including Small and Medium Enterprises, have been left with few choices for preparing for and implementing changes. This research gathered information to provide the theoretical framework on the determinants that Malaysian Bumiputera SMEs are relying on for their decision to...
| Main Authors: | , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
University in Belgrade
2022-05-01
|
| Series: | Serbian Journal of Management |
| Subjects: | |
| Online Access: | https://aseestant.ceon.rs/index.php/sjm/article/view/35505/19914 |
| _version_ | 1811233972121763840 |
|---|---|
| author | Rijal Abd Shukor Wah Kian Mooi Mohammad Nazir Ahmad |
| author_facet | Rijal Abd Shukor Wah Kian Mooi Mohammad Nazir Ahmad |
| author_sort | Rijal Abd Shukor |
| collection | DOAJ |
| description | Companies of all sizes, including Small and Medium Enterprises, have been left with few choices for preparing for and implementing changes. This research gathered information to provide the theoretical framework on the determinants that Malaysian Bumiputera SMEs are relying on for their decision to adopt or not to adopt IoT in their business operations. Bumiputera refers to the indigenous people of Malaysia. The study utilised a cross-disciplinary study design. The data was obtained from company proprietors in Malaysia that operate in the category of Bumiputera SMEs and was statistically analysed using IBM's SPSS and AMOS software. According to the initial findings, it can be seen that respondents are very excited about the benefits of IoT, but lack the imagination to pioneer the arrangement. Furthermore, even though respondents are unconcerned about IoT, it gives the appearance of being unsure, leading them to think further on whether to trust it or not. It was also shown that top organizations have an increasingly good intuition of IoT, but also a progressively negative intuition of it. It is recommended that SMEs holistically, especially Bumiputera SMEs, acquire more knowledge and be prepared to expand the grasp of productive factors of IoT in Malaysia |
| first_indexed | 2024-04-12T11:28:55Z |
| format | Article |
| id | doaj.art-a92c775481054b6baf72ad3a2981a4bf |
| institution | Directory Open Access Journal |
| issn | 1452-4864 2217-7159 |
| language | English |
| last_indexed | 2024-04-12T11:28:55Z |
| publishDate | 2022-05-01 |
| publisher | University in Belgrade |
| record_format | Article |
| series | Serbian Journal of Management |
| spelling | doaj.art-a92c775481054b6baf72ad3a2981a4bf2022-12-22T03:35:07ZengUniversity in BelgradeSerbian Journal of Management1452-48642217-71592022-05-011719911010.5937/sjm17-35505Small and medium enterprises’ business sustainability based on the Industry 4.0 internet of things adoption: a Malaysian Bumiputera case studyRijal Abd Shukor0Wah Kian Mooi1Mohammad Nazir Ahmad2Infrastructure University Kuala Lumpur, Faculty of Business, Information and HumanSciences, Block 11, Kuala Lumpur De Centrum City, Jalan Ikram-Uniten, 43000 Kajang, Selangor, MalaysiaInfrastructure University Kuala Lumpur, Faculty of Business, Information and HumanSciences, Block 11, Kuala Lumpur De Centrum City, Jalan Ikram-Uniten, 43000 Kajang, Selangor, MalaysiaUniversiti Kebangsaan Malaysia, Institute IR4.0, 43600, Bangi, Selangor, MalaysiaCompanies of all sizes, including Small and Medium Enterprises, have been left with few choices for preparing for and implementing changes. This research gathered information to provide the theoretical framework on the determinants that Malaysian Bumiputera SMEs are relying on for their decision to adopt or not to adopt IoT in their business operations. Bumiputera refers to the indigenous people of Malaysia. The study utilised a cross-disciplinary study design. The data was obtained from company proprietors in Malaysia that operate in the category of Bumiputera SMEs and was statistically analysed using IBM's SPSS and AMOS software. According to the initial findings, it can be seen that respondents are very excited about the benefits of IoT, but lack the imagination to pioneer the arrangement. Furthermore, even though respondents are unconcerned about IoT, it gives the appearance of being unsure, leading them to think further on whether to trust it or not. It was also shown that top organizations have an increasingly good intuition of IoT, but also a progressively negative intuition of it. It is recommended that SMEs holistically, especially Bumiputera SMEs, acquire more knowledge and be prepared to expand the grasp of productive factors of IoT in Malaysiahttps://aseestant.ceon.rs/index.php/sjm/article/view/35505/19914small medium enterprises (smes)bumiputera smesbusiness sustainabilityindustry 4.0the internet of things (iot)toe framework |
| spellingShingle | Rijal Abd Shukor Wah Kian Mooi Mohammad Nazir Ahmad Small and medium enterprises’ business sustainability based on the Industry 4.0 internet of things adoption: a Malaysian Bumiputera case study Serbian Journal of Management small medium enterprises (smes) bumiputera smes business sustainability industry 4.0 the internet of things (iot) toe framework |
| title | Small and medium enterprises’ business sustainability based on the Industry 4.0 internet of things adoption: a Malaysian Bumiputera case study |
| title_full | Small and medium enterprises’ business sustainability based on the Industry 4.0 internet of things adoption: a Malaysian Bumiputera case study |
| title_fullStr | Small and medium enterprises’ business sustainability based on the Industry 4.0 internet of things adoption: a Malaysian Bumiputera case study |
| title_full_unstemmed | Small and medium enterprises’ business sustainability based on the Industry 4.0 internet of things adoption: a Malaysian Bumiputera case study |
| title_short | Small and medium enterprises’ business sustainability based on the Industry 4.0 internet of things adoption: a Malaysian Bumiputera case study |
| title_sort | small and medium enterprises business sustainability based on the industry 4 0 internet of things adoption a malaysian bumiputera case study |
| topic | small medium enterprises (smes) bumiputera smes business sustainability industry 4.0 the internet of things (iot) toe framework |
| url | https://aseestant.ceon.rs/index.php/sjm/article/view/35505/19914 |
| work_keys_str_mv | AT rijalabdshukor smallandmediumenterprisesbusinesssustainabilitybasedontheindustry40internetofthingsadoptionamalaysianbumiputeracasestudy AT wahkianmooi smallandmediumenterprisesbusinesssustainabilitybasedontheindustry40internetofthingsadoptionamalaysianbumiputeracasestudy AT mohammadnazirahmad smallandmediumenterprisesbusinesssustainabilitybasedontheindustry40internetofthingsadoptionamalaysianbumiputeracasestudy |