Executive Summary.pdf - SME Corporation Malaysia

12
SME MASTERPLAN 2012-2020
Accelerating Growth Through
High Impact Programmes
In order to achieve the ambitious targets set in the
SME Masterplan, the initiatives under the Action
Plan have to be impactful to bring about the
desired results. These initiatives were based on the
following eight guiding principles:
• Consistent with the national strategic
direction;
• Addresses market failures and information
asymmetry;
• Catalyst to develop private service providers;
• Avoid substituting private funds with public
funds;
• Ensure private sector involvement;
• Results must be measurable;
• Highest impact from funds; and
• Clear accountability and delineation of roles.
The initiatives were reviewed further to check on
relevancy, impact, priority and alignment to the
Plan. Finally, 32 initiatives have been identified
under the Action Plan, which include six High
Impact Programmes (HIPs) that would make the
difference in meeting the goals of the Masterplan.
Hence, it is critical to ensure that the HIPs are
being successfully implemented. In addition,
there are 14 other initiatives clustered under four
thematic areas. Recognising the unique business
environment in East Malaysia, the Masterplan has
also proposed specific measures for SMEs in East
Malaysia and other macro measures.
Building Capacity Towards
Implementation Success
The most critical factor to ensure successful
implementation of the SME Masterplan is the
existence of a strong central agency to implement
the Masterplan. Therefore, the role of SME
Corporation Malaysia (SME Corp. Malaysia)
will need to be further strengthened. This would
require reorganisation of the existing structure and
improvement in the coordination mechanism to
allow greater empowerment to enable the Agency
to function effectively in executing the Plan. SME
Corp. Malaysia would need to be given sufficient
authority and resources and have a more active role
in the budgetary decision on SME development.
The agency would also need to establish a
comprehensive Monitoring and Evaluation (M&E)
system besides devising a risk mitigation plan to
ensure smooth implementation of the Plan.