Record Details

Determinants of Success and Failure of Entrepreneurs of SMEs in Bangladesh- An Explorative Study

European Journal of Business and Management

View Archive Info
 
 
Field Value
 
Title Determinants of Success and Failure of Entrepreneurs of SMEs in Bangladesh- An Explorative Study
 
Creator QUADIR, S. M. NASRUL
JAHUR, MOHAMMAD SALEH
 
Description Entrepreneurs and entrepreneurship are significantly correlated with the economic development of a country. Entrepreneurs cannot easily succeed in doing successful business venture without facing risk that arises from internal and external conditions. So, the present study has been undertaken in order to identify the factors contributing to the success; and influencing the failure of entrepreneurs of SMEs in Bangladesh by employing sophisticated multivariate technique-Varimax Rotated Factor Analytical Technique. The study has collected and used only primary data; and consulted available literature for designing the questionnaire and study. The study has considered 18 variables responsible for failure, and 10 variables contributing to the success of entrepreneurs. The study has identified factors responsible for success of Entrepreneurs of SMEs: Relationship Factor; and Organization Factor in order of magnitude. It has identified factors influencing the failure of Entrepreneurs of SMEs: sustainable Factor, Supply Factor, and Product Related Factor in order of magnitude. The study has suggested entrepreneurs of SMEs to consider these factors while developing policies and strategies for SMEs.
 
Publisher The International Institute for Science, Technology and Education (IISTE)
 
Date 2011-07-28
 
Type info:eu-repo/semantics/article
Peer-reviewed Article
info:eu-repo/semantics/publishedVersion
 
Format application/pdf
 
Identifier http://iiste.org/Journals/index.php/EJBM/article/view/162
 
Source European Journal of Business and Management; Vol 3, No 2 (2011); 108-117
 
Language eng
 
Relation http://iiste.org/Journals/index.php/EJBM/article/view/162/46
 
Rights Submission of an article implies that the work described has not been published previously (except in the form of an abstract or as part of a published lecture or academic thesis), that it is not under consideration for publication elsewhere, that its publication is approved by all authors and tacitly or explicitly by the responsible authorities where the work was carried out, and that, if accepted, will not be published elsewhere in the same form, in English or in any other language, without the written consent of the Publisher. The Editors reserve the right to edit or otherwise alter all contributions, but authors will receive proofs for approval before publication. Copyrights for articles published are retained by the authors, with first publication rights granted to the journal. The journal/publisher is not responsible for subsequent uses of the work. It is the author's responsibility to bring an infringement action if so desired by the author.