The Factors Of Family Business In Perak And Selangor That Affect Company's Survival And Growth During Economy Downfall Period In 2015

Long, Kah Chun (2016) The Factors Of Family Business In Perak And Selangor That Affect Company's Survival And Growth During Economy Downfall Period In 2015. Project Report. UTeM, Melaka, Malaysia. (Submitted)

Text (24 Pages) The Factors Of Family Business In Perak And Selangor That Affect Company's Survival And Growth During Economy Downfall Period In 2015.pdf - Submitted Version Download (351kB)

Abstract

In Malaysia, there are a lot of family businesses in the Small and Medium industry, also known as SMEs, but there are not many huge family businesses. Family businesses are very different from non-family businesses almost in every aspect, the operating systems, the approach methods, the entry requirements and the wealth distribution, just to name a few. Family businesses always emit a sense of intimacy to outsiders, making them feel like home and leading the family businesses owners to better business relationships with customers, suppliers and etc. Even though family businesses do not always shine in their usual performance but they tend to do better than non-family businesses during economy crisis and downfall period. In 2015, Malaysia had face its economic downfall period, causing negative impacts to non-family operating small and medium enterprises, SMEs. Family businesses had no exception to this situation. But being in the same situation, family businesses tend to do well and past records has proven this fact. Referring to this point, the researcher found out the backbone for family businesses to continue growing and surviving during situations like economic downfall faced by Malaysia during the year 2015.

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