International Journal of Business and Management · 2009 · 64 citations · 2 references
BusinessBusiness AdministrationQuality ManagementDevelopment EconomicsPerformance MeasurementSmall Business ManagementEntrepreneurship DevelopmentInternationalization Of Small EnterprisesSmall BusinessEmployee Turnover RateMarketing For Small FirmsPoverty Alleviation PolicySmall Business Performance
SMEs are considered vital for poverty alleviation and rapid industrialization in Bangladesh, yet they receive negligible government support. The authors aim to identify the problems facing Bangladeshi SMEs and propose suggestions for their development. SMEs in Bangladesh exhibit employee turnover, quality assurance, funding allocation, and marketing performance far below international standards, and their overall development rate falls short of expectations.
In the context of Bangladesh, the development of Small and Medium Enterprises (SMEs) can be considered as a vital instrument for poverty alleviation and ensure the rapid industrialization. In this paper the authors have tried to identify the problems of SMEs of Bangladesh. The performance of SMEs of Bangladesh especially in terms of employee turnover rate, quality assurance, allocation of funds, marketing activities have been found significantly below the international standard. The sector gets negligible support from government. The rate of development of SME is not up to the expectation. In order to overcome the problems a few suggestions for the development of SMEs are given by the authors.
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