Universiti Teknologi Malaysia Institutional Repository

An application of a hybrid MCDM method for the evaluation of entrepreneurial intensity among the SMEs: a case study

Rostamzadeh, Reza and Ismail, Kamariah and Khajeh Noubar, Hossein Bodaghi (2014) An application of a hybrid MCDM method for the evaluation of entrepreneurial intensity among the SMEs: a case study. Scientific World Journal, 2014 . ISSN 2356-6140

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Official URL: http://dx.doi.org/10.1155/2014/703650

Abstract

This study presents one of the first attempts to focus on critical success factors influencing the entrepreneurial intensity of Malaysian small and medium sized enterprises (SMEs) as they attempt to expand internationally. The aim of this paper is to evaluate and prioritize the entrepreneurial intensity among the SMEs using multicriteria decision (MCDM) techniques. In this research FAHP is used for finding the weights of criteria and subcriteria. Then for the final ranking of the companies, VIKOR (in Serbian: VlseKriterijumska Optimizacija I Kompromisno Resenje) method was used. Also, as an additional tool, TOPSIS technique, is used to see the differences of two methods applied over the same data. 5 main criteria and 14 subcriteria were developed and implemented in the real-world cases. As the results showed, two ranking methods provided different ranking. Furthermore, the final findings of the research based on VIKOR and TOPSIS indicated that the firms A3 and A4 received the first rank, respectively. In addition, the firm A4 was known as the most entrepreneurial company. This research has been done in the manufacturing sector, but it could be also extended to the service sector for measurement

Item Type:Article
Uncontrolled Keywords:computer simulation, decision making, organizational, entrepreneurship, fuzzy logic, humans, Malaysia, models, economic, small business
Subjects:H Social Sciences > HD Industries. Land use. Labor
Divisions:Management
ID Code:51774
Deposited By: Siti Nor Hashidah Zakaria
Deposited On:01 Feb 2016 11:52
Last Modified:27 Aug 2018 11:24

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