Question

Ability to explain the availability of business support system in Malaysia.

Answer 1

Availability of business support system in Malaysia can be categorized into three parts; technical assistance, financial assistance, and environmental assistance. Availabilities are as follows:

Technical assistance

Technical assistance includes supporting an organization by providing updated technology for performing well in the highly competitive market. It helps in improving production methods by developing the systematic management processes in the business. Agencies that offer technical business support in Malaysia are as follows:

• Majlis Amanah Rakyat

• Malaysian Agricultural Research and Development Institute

• Rubber Research Institute in Malaysia

• Malaysian Development Corporation

Financial Assistance

Financial assistance is a crucial business support system. It ensures resources to the business organizations to develop their business infrastructure, and to conduct various operational activities. Such funds are mostly support systems of entrepreneurs who face difficulties in having sufficient resources for their start-ups. Various financial facilities are provided to them by many commercial banks and licensed financial organizations. Companies that provide financial support in the business system are as follows:

• Small Entrepreneur Fund

• Multimedia Development Corporation

• Malaysian Exchange of Securities Dealing and Automated Quotation

• Fund for Small and Medium Industries

Environmental assistance

Environmental assistance defines the development of both internal and external business environment in Malaysia. It helps in improving the corporate social policies, and environmental development of Malaysian companies.

Agencies that provide environmental assistance in Malaysia are as follows:

• Malaysian International Chamber of commerce and Industry

• Federation of Malaysian manufacturers

• American-Malaysian Chamber of Commerce