In calling for this, he said, the government alone cannot ensure sustainable growth but it was also up to the country's corporate leaders to continue to show leadership.
"The private sector will be the engine that drives Malaysia's future growth.
"As we raise our sights to look beyond developed nation status, I ask that you join us to ensure that no one is left behind," he said in his keynote address at The Edge Billion Ringgit Club (BRC) Gala Dinner and Awards Night 2013 in the capital, Monday.
Najib, who is also the Finance Minister, said the cumulative effect of these corporate leaders' individual business, investment and ethics decisions would set the tone for the whole economy.
"With that in mind, I ask that you remain committed not just to maximising your returns on investment and equity, but also to building a more sustainable economy for Malaysia; investing in people as well as projects and taking business decisions befitting our long-term ambitions not just short-term aims," he said.
Najib said one of the primary lessons from the 2008 financial crisis was that the short-term business decisions could fatally undermine the health not just of companies, but of whole economies.