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Government plays a significant role in our society to make it a better place to live. There are many different roles played by government like as entrepreneur, planner, regulator and promoter. In this assignment I will describe each role played by the government, and its impact on the Malaysian firms.
Government role as an entrepreneur is defined as providing services through its own department or agencies. “MIDA” Malaysian industrial development authority, is the government principal agency for the promotion of the manufacturing and services sector in Malaysia, is a good e.g. of how government plays a role of an entrepreneur. The wide range of services provided by mida includes providing information on the opportunities for investment and facilitating Malaysian firms, which are looking for joint venture partners. It has made a significant impact on Malaysian firms by allowing multinational corporations from more than 40 countries to invest in over 5,000 Malaysian firms for e.g. proton car, and beverage making firms. Government as a planner can refer to long time or short time planning of polices and budgets. For e.g. policies on energy, transport, overseas trade and relationship are all long term policies. The implication of such policies on Malaysian firms has made Malaysian firms to grow prosper due to its flexible policies. For e.g. a private company can be converted in to public company ...
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