Humanizing Business Practices in Malaysian SMEs #sciencefather #researcherawards #HumanizingBusiness

 

🌍 Humanizing Business Practices in SMEs: Insights from Malaysia

In today’s rapidly evolving economy, businesses are realizing that profits and people must go hand-in-hand. A recent study in Malaysia explores what drives small and medium-sized enterprises (SMEs) to embrace humanized business practices—a shift toward sustainability, ethics, and people-first values. 💡

🔑 Key Factors Explored

Grounded in the Theory of Planned Behavior, researchers examined four crucial drivers:

• 💭 Attitude toward humanizing business practices

• 👥 Subjective norms (social influences)

• ✋ Perceived behavioral control (confidence in ability to adopt)

• 📚 Human practice knowledge

📊 What the Study Found

Using PLS-SEM analysis on data from 250 SME owners and managers in Malaysia’s Klang Valley, the results showed:

• ✋ Perceived behavioral control was the strongest predictor of intention.

• 💭 Attitude, 📚 knowledge, and 👥 social norms also played significant roles.

🚀 Why It Matters

These findings highlight that SMEs are more likely to adopt human-centered approaches when:

• ✅ They feel capable and empowered to do so

• ✅ They value the benefits of humane practices

• ✅ Their peers and networks support such change

• ✅ They understand the knowledge behind ethical business

🌱 Moving Forward

For policymakers, SME leaders, and stakeholders, the message is clear:
Empower SMEs with the right knowledge, supportive networks, and resources to confidently implement sustainable, ethical, and humanized practices. Doing so strengthens not only businesses, but also communities and the economy as a whole. 🤝

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