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Strengthening the University-Maritime Industry Collaborations (UMICs): Technology Issues Ummu Ajirah Abdul Rauf; Nusra Izzaty Aziz; Nor Amirah Syairah Zulkarnaini; Mazzlida Mat Deli; Maryam Jamilah Asha’ari; ‘Ainul Huda Jamil; Siti Intan Nurdiana Wong Abdullah
Journal of Applied Engineering and Technological Science (JAETS) Vol. 5 No. 1 (2023): Journal of Applied Engineering and Technological Science (JAETS)
Publisher : Yayasan Riset dan Pengembangan Intelektual (YRPI)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37385/jaets.v5i1.3211

Abstract

In management practise and research, the university-maritime industry collaborations (UMICs) have grown in significance. This trend is reinforced by the necessity for innovation in the current industry environment and the desire of policymakers to commercialise knowledge from academia. Much less is known about these collaborations, although significant research efforts have been made to identify the success factors for these collaborations. Therefore, the aim of this study is to identify and explore the key factors that strengthen UMICs and propose a framework to enhance collaboration, so that a research agenda for the future will be developed based on an assessment of the existing literature. This study adopted a method of systematic literature review using published and unpublished theoretical literature to conduct analysis using five research databases in order to propose a framework aimed at identifying the key factors to strengthen UMICs. The findings of this study concluded that effective communication, trust, and adequate fund resources are essential for UMICs to succeed. Open communication channels, mutual trust, and shared vision can help build strong partnerships, while adequate funding can support research and development of new technologies, practices, and solutions. Based on previous research, none of them treated combined fund resources, effective communication, and trust as an independent variables towards UMICs relationship specifically. Hence, this study fills the gap by proposing a framework to test the relationship between fund resources, effective communication, and trust towards UMICs. Thus, the proposed framework can be used as a benchmark to strengthen UMICs in the future. This study also will encourage the managers in the maritime industry to drive innovation, establish strategic collaborations, actively involve stakeholders, and foster innovation and economic growth in the maritime industry to strengthen UMICs. The existing limited body of knowledge and literature will also benefit from this study.
Oil Palm Smallholders Entrepreneurs And Financial Literacy: Technology Adoption Mara Ridhuan Che Abdul Rahman; Ummu Ajirah Abdul Rauf; Suguna Sinniah
Journal of Applied Engineering and Technological Science (JAETS) Vol. 6 No. 1 (2024): Journal of Applied Engineering and Technological Science (JAETS)
Publisher : Yayasan Riset dan Pengembangan Intelektual (YRPI)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37385/jaets.v6i1.6168

Abstract

This study explores the relationship between financial literacy and business performance among oil palm smallholder entrepreneurs in Malaysia, emphasizing the role of technology in improving financial practices. Many smallholders earn less than RM2000 per month, largely due to low financial literacy, which hinders effective financial management and business sustainability. Financial literacy is crucial for accessing financing and making informed financial decisions. Data were collected from 1,500 smallholders across six territories in Malaysia, with a 14.4% response rate. Structural Equation Modeling (SEM) revealed a positive correlation between financial literacy and improved financial practices, leading to better business outcomes, including enhanced access to bank loans and government grants. The study also highlights the transformative potential of digital technologies, such as mobile banking and financial education apps, in bridging financial literacy gaps. The findings suggest that targeted financial literacy programs and the adoption of digital tools can significantly enhance smallholders' financial management and business performance. This has important implications for policymakers and financial institutions in promoting rural economic development and sustainable entrepreneurship within the agricultural sector.