Small and Medium Industry (hereafter, SMI) has been emerging actively with a great participation form those local and international economic players. Due to this state of affair, the government comes with various strategies to enhance the capabilities of the industry. For instance, the government provides few facilities and opportunities such as flexible loan, seminar and training, markets and business networking center to those who are in the line of SMI. Full of support from the government and also other cooperate players would give some impacts to the successful of a SMI.
For a SMI, in order to sustain, it should be able to tackle few macro impacts wisely and all of these impacts should be addressed rightly. These impacts are identified as economic, politic, socio-cultural and technology. In fact, enterprises have reaction towards government efforts such as environmental social and culture (a part of culture),economic and financial( a part of economic element) and education & training(a platform to enhance the awareness of technology among enterprises).
Generally, the nature of entrepreneurship catalyzers is influenced by few factors such as background and culture, the effort of government to give their various supports and protections such as financial facilities, creating entrepreneurship programs and monitoring competitive markets either in the country or outside the country, particularly for new an entrepreneurship..
A part form economic impact, current political scenario does control the development and expanding of SMI either in direct and indirect impact. This impact can be clearly seen in term of developing and sustaining the policy of economic tourism, providing business consultancy for the new and existing tours guide company, tourism facilities such as tourism one stop center for training and self-development for tourist guide company, market, intellectual property in business nature and many more. The government contribution and participation of the government managing the political issues; political stability, as this will ensure the confidence of others economic players to generate long lasting growth, especially when it comes to global politics. This will attract a group of tourist to come to Malaysia especially from Singapore, Thailand, and Indonesia which are the within Malaysia’s Business Networking. Some sort of political patronage is an absolute necessity to be considered critically by both host provider and tourist. Not only for safeguarding the interest of the company but even to begin the process of getting the required sanctions, one requires hold in the high echelons of politics and administrative circles. A stable political platform will ensure any nature of business will be able to generate great its growth and get their return of long term investment.
From the perspective of socio-culture impact, this state of affair can be comprehended overtly by observing the changing of clients’ culture which can be interpreted in term of their attitude, behavior, mindset, and needs. It should be able to understand the demands and needs by all types of tourist group. The scope of this impact can be used as a guideline in order to strengthen the management by objective approaches which are applied by most of the company in order to generate and balance their profit and loss account. A SMI should be able to utilize the exiting of local folks to exercise its current operation to the fullest by understand the folks capabilities in term of labor participation.
Technology impact is a vital element to gear up the productivity of a company, particularly a SMI. This is due to the nature of the business itself as it may have limited resources to expand the business operation yet by adopting the concept of optimizing business technology; utilizing the Information Technology facilities such as email, video conferencing, creating database and file server, would help a company growth fast in term of developing its networking, business relationship and exchanging latest information even though with limited resources. This impact clearly be seen by considering the any type of tourism company as a information hub to provide vivid information about a country avidly, particularly in Malaysia. Besides that, such hub will be a guideline for each of each tourist especially when it comes to decision making before selecting particular places to visit.
