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Overcoming entrepreneurship development constraints: the case of Bangladesh

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  • Mohammed S. Chowdhury

Abstract

Purpose - This study aims to investigate the constraints that entrepreneurs face in small and medium enterprises (SMEs) in Bangladesh and suggests measures to remove the constraints to entrepreneurship development. Design/methodology/approach - Survey data were collected from 60 entrepreneurs to investigate problems and evaluate the effectiveness and relevance of the government policies and programs as perceived by the entrepreneurs. Secondary data were also used for this purpose. Findings - The findings indicated that to the extent that the political stability and rule of laws were enforced, infrastructure facilities were improved, and corruptions were rooted out, education and training were imparted, and financial help was provided, new and energetic entrepreneurs, for the development of SMEs, would emerge in the country. Research limitations/implications - This study implies that a positive environment through encouragement and positive reinforcement of a stable socio‐political climate for a sound market economy and specialized schools of entrepreneurs will foster a positive climate for the development of SMEs in Bangladesh. The limitations of the study are that it does not concentrate on a particular company type and does not include a region comprising many cities. Originality/value - Built on theories and researches on entrepreneurship, this paper captures the essence of identification of the constraints facing entrepreneurs and facilitating the identification of implementable strategies and approaches necessary for the promotion and strengthening of entrepreneurship in Bangladesh, thus constituting an aid to the policy makers, researchers, and businesses for improving the various aspects of entrepreneurship in Bangladesh in particular and in developing countries in general. Further research can be undertaken in this direction.

Suggested Citation

  • Mohammed S. Chowdhury, 2007. "Overcoming entrepreneurship development constraints: the case of Bangladesh," Journal of Enterprising Communities: People and Places in the Global Economy, Emerald Group Publishing Limited, vol. 1(3), pages 240-251, August.
    • Handle: RePEc:eme:jecpps:v:1:y:2007:i:3:p:240-251
    DOI: 10.1108/17506200710779549
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    Citations

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    Cited by:

    1. Kumar, Avinash & Kumra, Rajeev & Singh, Ramendra, 2022. "Base of the pyramid producers’ constraints: An integrated review and research agenda," Journal of Business Research, Elsevier, vol. 140(C), pages 115-129.
    2. Hamdino Hamdan & Pazim @ Fadzim Othman & Wan Sabri Wan Hussin, 2012. "The Importance Of Monitoring And Entrepreneurship Concept As Future Direction Of Microfinance In Malaysia: Case Study In The State Of Selangor," Journal of Global Entrepreneurship, Global Research Agency, vol. 3(1), pages 1-25, July.
    3. Bhat, Shabir A & Khan, Riyaz A, 2014. "Government Policy Ecosystem for Entrepreneurship Development in MSEs Sector," MPRA Paper 54540, University Library of Munich, Germany.
    4. Mohammed S. Chowdhury & Zahurul Alam & Md. Ifttekhar Arif, 2013. "Success Factors of Entrepreneurs of Small and Medium Sized Enterprises: Evidence from Bangladesh," Business and Economic Research, Macrothink Institute, vol. 3(2), pages 38-52, December.
    5. , Aisdl, 2020. "Barriers to Entrepreneurship in Ho Chi Minh City," OSF Preprints sh32d, Center for Open Science.
    6. Sinkovics, Noemi & Sinkovics, Rudolf R. & Yamin, Mo, 2014. "The role of social value creation in business model formulation at the bottom of the pyramid – Implications for MNEs?," International Business Review, Elsevier, vol. 23(4), pages 692-707.
    7. Shoaib Ali & Farooq Azam & Hafiz Muhammad Naveed & Waqar Abid, 2020. "Impact of Prestigious Indicators on Sustainable Growth of Small and Medium-Sized Enterprises in Pakistan," Asian Journal of Economics and Empirical Research, Asian Online Journal Publishing Group, vol. 7(2), pages 251-257.
    8. Noel Campbell & Adriana S. Cordis, 2014. "Expected corruption and business formation," Journal of Entrepreneurship and Public Policy, Emerald Group Publishing Limited, vol. 3(2), pages 292-305, October.
    9. Md Asadul Islam & Amer Hamzah Jantan & Abigail Hunt & Md. Ferdausur Rahman & Mirza Manirajah Abdullah, 2019. "Exploration of barriers faced by female graduate entrepreneurs in Bangladesh," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 7(2), pages 1000-1014, December.
    10. Tshehla, Belinda & Costa, King, 2021. "Exploring The Relationship Between Mentorship And Successful Youth Entrepreneurship At Telkom, South Africa," AfricArxiv c5r4e, Center for Open Science.
    11. Mohsen Mohammadi Khyareh, 2018. "Determinants Of Female Entrepreneurship In Iran: An Institutional Approach," Economic Annals, Faculty of Economics and Business, University of Belgrade, vol. 63(216), pages 111-130, January –.
    12. Mangasini Atanasi Katundu & Damian Mulokozi Gabagambi, 2016. "Barriers to Business Start-up among Tanzanian University Graduates: Evidence from the University of Dar-es-salaam," Global Business Review, International Management Institute, vol. 17(1), pages 16-37, February.
    13. Matthias Brönner & Skander Salah & Markus Lienkamp, 2020. "Production Challenges in Least Developed Countries," Challenges, MDPI, vol. 11(1), pages 1-20, January.
    14. Folorunsho M. Ajide & James T. Dada, 2023. "Poverty, entrepreneurship, and economic growth in Africa," Poverty & Public Policy, John Wiley & Sons, vol. 15(2), pages 199-226, June.
    15. Tshehla, Steven S. & Chodokufa, Kudakwashe & Costa, King, 2021. "Entrepreneurship Education’s Influence on Learner’s Entrepreneurship Intention in South African Schools," AfricArxiv gpn98, Center for Open Science.
    16. Ibrahim Adnan Al-Shamaileh & Ezgi Yildirim Saatci & Patrick Ekpenyong Eyamba, 2020. "Impact of Business Incubators’ Facilities on Entrepreneurial Ecosystem Creation: A Case of Business Incubator in Jordan," Journal of Management and Sustainability, Canadian Center of Science and Education, vol. 10(1), pages 189-189, July.
    17. repec:beo:journl:v:62:y:2018:i:216:p:111-130 is not listed on IDEAS
    18. Ahmed, Monir Uddin & Nurul Hossain, A.K.M. & Hasanuzzaman, Syed, 2015. "Exploring the depth of energy penetration in economic advancement: Perspective of Bangladesh," Renewable and Sustainable Energy Reviews, Elsevier, vol. 49(C), pages 1033-1047.

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