Veredas do Direito - 2025 :Empowering Small and Medium Enterprises in Terengganu Through Technological Learning and Innovation for Economic Growth

Bin Yusof, Mohamed Suhaimi and Abdul Razak, Noorraha (2025) Veredas do Direito - 2025 :Empowering Small and Medium Enterprises in Terengganu Through Technological Learning and Innovation for Economic Growth. Veredas do Direito, 22 (7). e224108. ISSN 2179-8699

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Abstract

Small and Medium Enterprises in Terengganu play a pivotal role in promoting inclusive regional development, yet their capacity to drive technological progress, enhance productivity, and contribute to sustainable economic growth remains constrained by structural and systemic challenges. This study examines how financial accessibility, digital readiness, human capital capability, regulatory efficiency, and market connectivity collectively influence SME performance within the context of a developing regional economy. Drawing from an extensive review of contemporary literature and a structured conceptual analysis, the study identifies five interdependent issues that limit SME competitiveness, including restricted financing channels, uneven digital transformation, skills mismatches, fragmented institutional support, and narrow market reach. The findings highlight that these constraints function as mutually reinforcing conditions that suppress innovation, hinder value creation, and slow the transition of SMEs toward higher productivity activities. The study proposes an integrated framework for strengthening SME empowerment through inclusive financing models, targeted digitalisation strategies, industry-aligned skills development, streamlined regulatory processes, and diversified market expansion pathways. The study concludes that a holistic, collaborative, and long-term strategy is essential for positioning SMEs in Terengganu as resilient, innovative, and competitive drivers of economic growth within Malaysia’s evolving development landscape.

Item Type:	Article
Uncontrolled Keywords:	Small and Medium Enterprises; Economic Growth; Digital Transformation; Financing
Subjects:	H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Divisions:	Institute of Graduate Studies (IGS)
Depositing User:	LIBRARY2 UPTM
Date Deposited:	29 Jul 2026 03:24
Last Modified:	29 Jul 2026 03:24
URI:	http://eprints.uptm.edu.my/id/eprint/5910

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