The Malaysia Business Excellence Framework (“MBEF”), administered by the Malaysia Productivity Corporation (“MPC”), is significantly enhancing the productivity and competitiveness of Malaysian organisations. Serving as a comprehensive guide and assessment tool for organisational excellence, MBEF is helping companies strengthen their market positions in both local and international arenas. CTRM Aero Composites Sdn. Bhd., recipient of the prestigious Industry Excellence Award 2024, which underscores its seven-year transformation journey, participated in this programme to assess and validate its existing improvement initiatives against the globally recognised MBEF framework.
Zahid Ismail, Director General of MPC, emphasised the productivity impact of MBEF, state that, “the MBEF is more than a framework; it is a powerful tool that drives productivity and organisational transformation. By following MBEF principles, companies can enhance their efficiency, reduce waste, and achieve higher productivity, making them competitive globally. CTRM Aero Composites’ accomplishments, validated by MBEF, demonstrate how Malaysian companies can assess their existing improvement activities and leverage this framework to secure sustainable growth and international recognition”.
The MBEF serves a dual purpose for Malaysian organisations. Firstly, it provides structured guidance towards organisational excellence, equipping organisations with a framework to enhance efficiency, adopt best practices, and deliver consistent value to stakeholders. Secondly, it functions as a robust organisational assessment and recognition tool, allowing companies to benchmark their performance against peers and gain public recognition through awards such as the Industry Excellence Award.
Reflecting on the achievements, Shamsuddin Mohamed Yusof, CEO of CTRM, the parent company of CTRM Aero Composites, remarked, “We extend our gratitude to MITI, SIRIM, MPC, and Johor Port for their invaluable guidance. Winning the 2024 Industry Excellence Award validates our commitment to continuous improvement and high standards. Through MBEF, we’ve been able to assess our current practices against this standard framework, addressing leadership, strategy, information, customers, workforce, process, and results as essential elements to sustain organisational performance and reinforce our position as a global industry leader”.
As more companies adopt the MBEF, Malaysian industries will be better positioned to compete globally, with a strong emphasis on productivity and sustainability. MPC’s dedication to supporting companies through MBEF demonstrates Malaysia’s ambition to be recognised internationally for operational excellence and sustainable growth, contributing to a robust and resilient economy.
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