This book provides a new perspective by analyzing and evaluating Malaysian SMEs in the backdrop of an emerging new economy and constantly changing business landscape. The aim is to draw inferences for the Malaysian SMEs' future potential and competitiveness. The emphasis is both on the organizational capabilities as well as the external factors that underpin changes in the business environment. Diverging from a traditional approach of applying various functional areas of the field of management to SMEs operations, this book aims to identify and analyse factors and practices that are crucial for SMEs' growth and performance. In this regard, the book provides a refreshing change by focusing on issues concerning organizational capabilities, innovation, efficiency, productivity, management practices, technology adoption, competitiveness, and the elements of evolving business landscape. These issues are addressed comprehensively by exploring the drivers as well as impediments to growth among Malaysian SMEs.