Determinants of Motivating Muslims to Become Entrepreneurs in Malaysia
This paper discusses the factors that motivate Muslims to become entrepreneurs in various states throughout Malaysia. In 2009, a semi-structured interview of 150 Muslim entrepreneurs who are involved in a wide range of business activities was done throughout the various states in Malaysia. Groun...
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Main Authors: | , , , , |
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Format: | Article |
Language: | English |
Published: |
2013
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Subjects: | |
Online Access: | http://ddms.usim.edu.my/handle/123456789/6279 |
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Institution: | Universiti Sains Islam Malaysia |
Language: | English |
Summary: | This paper discusses the factors that motivate Muslims to become
entrepreneurs in various states throughout Malaysia. In 2009, a semi-structured
interview of 150 Muslim entrepreneurs who are involved in a
wide range of business activities was done throughout the various states
in Malaysia. Grounded theory methodology was applied to identified the
possible reasons behind their decision to become an entrepreneur. The
findings suggested that passion and interest in managing own business
greatly explain the motivation for people to be involved in entrepreneurship.
The passion guided them to overcome obstacles and challenges arising
from competitions and ensuring sustainability of the business. The second
reason wasJinancia1 consideration or income generation from the business
as this will be eventually used to support their families and improve their
condition of life. The third reason was the independence and freedom that
self-employment provides as compared to being employed in the private or
public sector. Other notable reason was their family background since many
of the entrepreneurs came from families that own businesses. The results of
this study calls for the academia to develop teaching methods and conduct
students ' activities that helps to fosters students' interest and passion in the
field of entrepreneurship. Future research in this area might be an exploration
on the differing attributes such work ethics, work culture, decision making
behaviour of Muslim and non-Muslim entrepreneurs. |
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