MEs are considered as the major sources of employment creation. Global experiences show that an efficient ME sector is conducive to industrial growth and a flexible industrial structure, which are the cornerstones of a vibrant entrepreneurial economy. The contributions of MEs to the national economy can be measured in terms of some inter-related issues: economic (income generation), social (poverty reduction) and political (wealth redistribution). Current studies show a strong link between entrepreneurship and economic development (ED). The impact of entrepreneurship on ED depends on the level of business performance, and economy is an affect for which entrepreneurship is the cause. ED theories generally emphasise on employment creation by industrialisation with the use of advanced technology. Thus economic histories of the developed countries show the notion that ED has benefited from widespread large scale entrepreneurial activity. However, developing countries (DC) have begun to realize the necessity of encouraging entrepreneurship to achieve their ED goals. But, they in reality can’t achieve these goals like the developed countries, because they don’t have sufficient capital and advanced technology. As a result they need to depend on small scale enterprise development by exploiting available resources, small capital, and indigenous technology. It indicates a strong link between micro enterprise development (MED) and entrepreneurship development. Therefore, national ED policies of DCs should focus on linking MED, entrepreneurship development and ED. Despite these recognized importance, MEs face severe problems and challenges in DCs. They lack appropriate policies and programmes to promote MEs towards ED. This study critically examines the existing MED Policies (MEDP) and the role of different MED Organizations (MEDOs) with a view to articulating appropriate policy recommendations. Based on the objectives and literature review four themes (state of affairs of MEDPs, support services to MEs, financing MEs and networking of ME stakeholders) were identified to establish the interview protocols. This study employed a qualitative inductive approach, case study strategy and in depth interviews with semi-structured protocols to collect primary data based on phenomenology. Thirty five respondents from different ME stakeholders (policy makers, implementing agencies, and the recipients) were interviewed and interpretative phenomenological analysis technique was used for data analysis. The findings confirm that there are fragmentations and incoherency in existing MEDPs, as a result, they failed to achieve the goals of MED. Specifically, support services and infrastructural facilities to MEs are not well designed, financing systems are not fully supportive to all the MEs, and networking of ME stakeholders are very floppy. Overall a favourable entrepreneurial culture to MED is absent in Bangladesh. The government has failed to plan realistically to mobilize the resources, to exercise control over factors of MED and to give appropriate direction to the developmental process. This study offers a list of practical recommendations to formulate a coherent and comprehensive MEDP based on solid evidences. Especially, a model for appropriate government intervention to MED by linking the main three concepts of this study MED, entrepreneurship development and ED, and an alternative model for ‘interest free ME financing’ are proposed. This study hopes that these recommendations will provide appropriate inputs to the policy makers and concerned ME stakeholders in the DCs, particularly Bangladesh and more generally to the MED literature.
| Identifer | oai:union.ndltd.org:bl.uk/oai:ethos.bl.uk:557790 |
| Date | January 2012 |
| Creators | Nasrullah, Amir Mohammad |
| Contributors | Dickson, K. |
| Publisher | Brunel University |
| Source Sets | Ethos UK |
| Detected Language | English |
| Type | Electronic Thesis or Dissertation |
| Source | http://bura.brunel.ac.uk/handle/2438/6601 |
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