A CONTEXTUAL STUDY ON THE DEVELOPMENT OF WOMEN ENTREPRENEURS IN BANGLADESH

Abstract

Purpose: The present study attempts to explore the trend of women entrepreneurship development in Bangladesh.It also finds the opportunities and challenges the women entrepreneurs generally face for setting their businesses in the country.Study Design: Considering the nature of the study, a few qualitative approaches were used to gather necessary data from the sample population.The qualitative approaches include: Focus Group Discussion (FGD), face-to-face interview, round-table discussion and content analysis.The key questions focused on the challenges of the women entrepreneurs in operating their businesses, types of businesses by the women and opportunities of the development of entrepreneurs from Bangladeshi women.Findings: The study findings reveal some major bottlenecks in women entrepreneurship development including possessing low business skill, lack of knowledge on sources of bank loan, low communication skill, inadequate supports from the family members, lack of feasibility study on the businesses, poor technological knowledge, leadership networking skill, etc.On the contrary, some pragmatic opportunities prevail in Bangladesh currently to develop the women entrepreneurs.The enabling factors include emphasis on women education, gradually changing of mindset and stereotypical social perception, favorable government rules and regulations, enhancing education on entrepreneurship, and rapid growth of social media.Practical Implications: The practical implication of the study assumes that it will facilitate Government of Bangladesh (GOB) to formulate favorable policy and support to develop women entrepreneurs.Similarly, the individual entrepreneur, private organizations, and NGOs can plan and arrange their own programs on the issue while the development partners can initiate pragmatic supports for the development of the sector.

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