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Skip Navigation LinksSurvey on SME Productivity and Growth in Malaysia

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Skip Navigation LinksSurvey on SME Productivity and Growth in Malaysia

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Definition

  • Productivity: Productivity is a measure for the efficiency of a person, machine, factory, system, etc., in converting inputs into useful outputs. Productiviry is computed by dividing average output per period by the total costs incurred or resources (capital, energy, material, personnel) consumed in that period. Productivity is a critical dterminant of cost efficiency.1
  • Growth: High-growth enterprises are firms with an average annualised growth in employees or in turnover of more than 20% in one year, over a three-year period, and with ten or more employees at the begining of the observation period.2
  • Value chain: A value chain is a set of activities that an organisation carries out to create value for its customers.3
  • Innovation: An innovation is the implementation of a new or significantly improved product (good or service) or process, a new marketing method or a new organisational method in business practices, workplace organisation or external relation.4

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    ​​1Source: http://www.businessdictionary.com
    2    Source: OECD
    3 Source: Competitive Advantage: Creating and Sustaining Superior Performance, Michael E. Porter, 1985
    4 Source: OECD    		​
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