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A Conceptual Analysis on Co-operative Enterprise (KOSISWA) at Institute of Higher Learning (IHLs) in Malaysia: Transformation of Malays Economies Agenda

Author

Listed:
  • Fakhrul Anwar Zainol
  • Zainudin Awang
  • Hardayanna Abd Rahman
  • Norazlina Abdullah
  • Zaharah Dzulkifli

Abstract

The government initiatives towards establishment of business and entrepreneurs, especially among Malays ethnic, experienced a rapid development since Malaysia Independence Day back in 1957. Various policies have been launched such as New Economic Policy (1970-1990) which aimed to increase Malays ownership in economic activities without ignoring other races. However, at the end of the period, the targeted figure of 30% Malays ownership is far from achieved. The government then invested tones of money to develop various programs to overcome the problems which includes enhancement on co-operative enterprise among Malays. In Malaysia, 6.78 million people or 27% of the total population are members of co-operatives. These co-operative enterprises continue to play significant economic and social roles in the communities. Co-operative provides over 100 million jobs around the world, 20% more than multinational corporations. However, the co-operative enterprises have its own challenges which surrounded on the capacity of its members. Affective commitment may play a significant role specifically associated with determining entrepreneurial orientation among graduates at IHLs via co-operatives enterprise. In doing so, a conceptual model was put forward drawn from the literature to suggest possible antecedent conditions and its consequence associated with affective commitment at co-operative enterprises level. Thus, this study argued that in order to transform the Malays economies in Malaysia it must be done via co-operatives enterprise model since majority of the Malays joined the co-operatives and it already become the third largest sector in the country after government and private sectors. To make co-operative become successful the members of the co-operatives must overcome all the challenges and obstacles. These responsibilities should be upheld by young generation; the graduates at IHLs that will becomes the backbone of co-operative management in the future.

Suggested Citation

  • Fakhrul Anwar Zainol & Zainudin Awang & Hardayanna Abd Rahman & Norazlina Abdullah & Zaharah Dzulkifli, 2015. "A Conceptual Analysis on Co-operative Enterprise (KOSISWA) at Institute of Higher Learning (IHLs) in Malaysia: Transformation of Malays Economies Agenda," International Journal of Management Sciences, Research Academy of Social Sciences, vol. 5(5), pages 372-383.
    • Handle: RePEc:rss:jnljms:v5i5p6
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    References listed on IDEAS

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    Cited by:

    1. Norliana Abd Majid & Fakhrul Anwar Zainol & Wan Norhayate Wan Daud & Asyraf Afthanorhan*, 2019. "Cooperative Entrepreneurship in Malaysian Secondary Schools: A Review of Current Practices," The Journal of Social Sciences Research, Academic Research Publishing Group, vol. 5(3), pages 812-818, 03-2019.

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