Question

Business support system in Malaysia. Ability to explain the availability of business support system in Malaysia. Give answer as many as possible for the question.

Answer 1

Business Support System in Malaysia

BSS alludes to the help and administration given by the legislature or private organizations to assist business visionaries with starting again business or build up a current one.

Business support offices in Malaysia:-

• Financial Institution
• Management and business enterprise training
• Technology
• Location
• Marketing
• Research and Project Identification
• Information

1. Financial Institutions

Financial establishments incorporate banks, credit associations and resource management firms. These establishments are answerable for conveying financial assets in an arranged manner to the possible clients.

• To give subsidizing to begin a business or actualize a business
• To furnish financing with no intrigue or low loan fees
• To give credit offices, overdrafts, rent and recruit buy.
• A reserve/resource based financial help charge markdown

Instances of establishments offering financial offices :

• Jenis pembiayaan
• Agensi
• Perniagaan am, pertanian dan perindustrian
• MIDF, MARA, Bank Pembangunan Malaysia, AgroBank, Bank industri Malaysia.

2. Management and Entrepreneurship Training

• Offering courses and training on the precise management of financial, quality control, deals, marketing and design.
• Offering courses to increment pioneering
• Offering courses in business enterprise mindfulness
• Extending employment opportunity training
• Train business visionaries to have high abilities in the field of exertion, and educated in the field of management
• To give consolation and support so as to improve the business

The organizations included are :

• MEDEC-Pusat Pembangunan Usahawan Malaysia
• ICDU-Unit Pelarasan dan perlaksanaan, Jabatan Perdana Menteri
• MARA-Majlis Amanah rakyat

3. Technology

To expand the specialized information accessible among the business visionaries to go to the instruction gave. Business people can find out about the most recent technology, particularly in the territories of assembling and management. Normally served by talented staff and prepared to utilize present day instruments from inside and outside the nation. The exchange of current technology is significant so as to make a culture of adequacy in accordance with national monetary turn of events.

Instances of such offices:

• SIRIM (Institut Piawaian dan Penyelidikan Perindustrian Malaysia)
• MARA (Majlis Amanah Rakyat)
• MARDI (Malaysian Agricultural Research and Development Institute)
• PORIM (Institut Minyak Kelapa Sawit Malaysia)

4. Infrastructure/location and reason

Give site arrangement services in understanding or concurrence with the example of business location business or venture will be created. Help with lessening the issue of retail space and mechanical destinations in the zone of key and down to earth

Instances of offices are included: MARA, UDA, SEDCs (State Economic Development Corporation)

5. Marketing Assistance

• Will offer help services to help disseminate and advertise their item locally and universally.
• Advance marketing and fare of nearby items
• Making a marketing system
• Making outlets and specialists

Instances of offices included:

• MITI
• FAMA
• PERNAS EDAR

6. Research and advancement

There are a few offices helping business visionaries in leading research and advancement. Among the research led are venture practicality considers, marketing research and technology related investigations.

Instances of organizations are included: MARDI, SIRIM, the Institute of Higher Education, FAMA and MIDF

7. Information/Extension and warning Services

Help information accessible to business people in business openings, measurements, new revelations, technology, research, etc. A large portion of the office or organization has an asset community or library that contains the assortment of information for open use. Expansion services are offered by offices, for example, MITI, MARDI, SIRIM, MIDA (Malaysian Industrial Development Authority) and NPC to guarantee the execution of propose ventures. These administration are ordinarily surrendered as a follow to the Entrepreneurship Development Program.