Barriers to entrepreneurship in Bangladesh: An exploratory study of causes and solutions
LE3 .A278 2013
Bachelor of Business Administration
Barriers to entrepreneurship have been a vital concept for small-to-medium enterprises (SMEs) in Bangladesh. Despite its increasing salience, these barriers have been under-investigated. This research explores the major barriers to entrepreneurship for SMEs in three industries and identifies possible solutions that could help these SMEs achieve optimal productivity. This study also analyses the degree of a firm's willingness to invest in a local renewable energy solution to enable optimal productivity while benefitting the community. The thesis begins by introducing the current problems faced by industries in Bangladesh. The literature indicates that power and gas shortage, heavy traffic, and political instability are the most significant barriers to entrepreneurship. This thesis investigates these barriers, and their impacts, by categorising problems by type and severity across three industries. It also explores possible solutions, such as renewable energy projects, to overcome critical limitations to growth. The findings from multiple case studies and a pilot empirical study suggest that firms are more likely to invest in renewable energy solutions because of community benefits rather than an anticipated increase in firm productivity. This is an unexpected result which suggests further research is required to better understand the motivations of entrepreneurs in Bangladesh.
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