Strategic Approaches to Business Acceleration: Impact on Malaysia's Position in the Global Economy

Abstract

This study focuses on propelling Malaysia's economic growth by addressing key hurdles in its business landscape. It highlights challenges such as limited financing, complex regulations, and the necessity for improved technology and talent integration. Despite Malaysia's progress due to certain policies, there's an immediate need to enhance consistency in regulations and integrate technology more effectively. This study proposes a new model in terms of streamlined regulations, innovation, and talent investment. Malaysia can refine its regulatory processes, boost financial support, and foster an innovative culture. The paper advocates for a holistic strategy encompassing these aspects to elevate Malaysia's competitiveness globally. It underscores the importance of a global perspective while capitalising on Malaysia's strengths and stresses the urgency of adapting to evolving business trends. Ultimately, this research underscores the critical role of strategic business acceleration in elevating Malaysia's position in the global economy, significantly influencing policymakers, corporate leaders, and stakeholders.