Exploring the Relationship between Business Factors and Performance in the Malaysian Halal Biotechnology SMEs Context

Abstract

While numerous empirical studies have been conducted in Western countries on biotechnology enterprises, little empirical research has been done in Malaysia especially in respect to the relationship between business factors and performance of halal biotech small and medium enterprises (SMEs). In view of this, a research was undertaken to address the gap in the existing body of biotech SME knowledge. Using the grounded theory approach, this qualitative research managed to develop a conceptual framework that sheds useful information on the business factors that significantly impact halal biotech SMEsuccess. Specifically, this research found organizational structure, innovation activities, linkages, and access to financial capital, the procuring of government assistances, vertical integration, enterprise image, GMP compliance and halal certification as having a profound impacton Malaysian halal biotech SME performance.