Environment Of Entrepreneurship Development

ENVIRONMENT OF ENTREPRENEURSHIP DEVELOPMENT Roll No. 023; Reg. No. 00682 Faculty of Business Administration And Management Patuakhali Science And Technology University Shofiq Uddin Khan

OBJECTIVES ,[object Object],[object Object],[object Object],[object Object]

OBJECTIVES ,[object Object],[object Object]

Business Environment ,[object Object],[object Object],[object Object]

[object Object],Business Environment Environmental influence Political, Social, Legal, Cultural, etc. Input Business organization Outputs Consumption

MODEL OF ENVIRONMENT OF ENTREPRENEURSHIP DEVELOPMENT Economic opportunity Economic growth Entrepreneurship Model 1 Economic ENVIRONMENT Entrepreneurship Economic growth Model 2

Economic Opportunity Conditions ,[object Object],Capital availability is not much in Bangladesh because of per capita income is as low as US $520. Also interest is so high that people find it unattractive to borrow. But some specialized institution both publicly and privately working for industrial entrepreneurs and they lend money to entrepreneurs.

Economic Opportunity Conditions ,[object Object],Government can play an important role for domestic entrepreneurs. Tariff policy pursued by the Government is important for import substitute industries. However, a projectionist tariff policy will protect local entrepreneurs from competitions. Thus, the profit potential scenario will improve in Bangladesh.

Economic Opportunity Conditions ,[object Object],Bangladesh has a large labor force which is incurring at a fast pace without having any major deterrent in the way of labor mobility thus cost of labor is certainly low and cheep.

Economic opportunity conditions ,[object Object],Technology for Bangladesh is no problem. It is available from different sources in the different sectors that can be acquired or technology transfer easily. More productive capital intensive technology may not be suitable for Bangladesh. Adoption of labor intensive technology is cheap.

Economic Opportunity Conditions ,[object Object],Market size and composition will be the major determinants of the amount for reward of an entrepreneur. Already we have a large market. And the market is expanding. So Bangladesh has a huge market having a large unmet demand .

ENTREPRENEURIAL ENVIRONMENT OF BANGLADESH Instead of a mixed economic system, market economy was decided to the best for the country, wide ranging liberalization in trade policy. Entrepreneurs in the country face the competition from outside world in a fashion that was quite unknown higher to. Export led growth become the prime vehicle for development. Actual scenario of political environment during the last 19 years- To understand the role of state on economic opportunity condition of Bangladesh a historical perspective with regard to political economy is imperative or else an incomplete view might emerge.

[object Object],THE ENVIRONMENTAL ASPECT FOR ENTREPRENEURSHIP Legislation regulating business Growth of special interest groups The entrepreneurship in the political arena of Bangladesh is not adequately supported. Even their due claims may remain unheeded if those compete with the claims of other stronger groups.

LEGAL ENVIRONMENT ,[object Object],THE ENVIRONMENTAL ASPECT FOR ENTREPRENEURSHIP

[object Object],World views held by consumers High persistence of core values Existence of subcultures THE ENVIRONMENTAL ASPECT FOR ENTREPRENEURSHIP

[object Object],[object Object],[object Object],[object Object],Socio-Cultural Environment

[object Object],Income Distribution Savings, debt, and credit availability THE ENVIRONMENTAL ASPECT FOR ENTREPRENEURSHIP

[object Object],[object Object],[object Object],[object Object],[object Object],THE ENVIRONMENTAL ASPECT FOR ENTREPRENEURSHIP

[object Object],Technological Environment Accelerating pace of technological change Increased regulation of technological change Unlimited opportunities for innovation Varying R&D budgets THE ENVIRONMENTAL ASPECT FOR ENTREPRENEURSHIP

[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],THE ENVIRONMENTAL ASPECT FOR ENTREPRENEURSHIP

EXISTING ECONOMIC OPPORTUNITY CONDITIONS ,[object Object],[object Object],[object Object],[object Object],[object Object],Not that the presence or absence of all the factors we just mentioned are impending entrepreneurship growth in the context of Bangladesh, rather some of them are more dominant than others.

[object Object],Financial institutions Employees Share-holders Suppliers Competitors Customer THE ENVIRONMENTAL ASPECT FOR ENTREPRENEURSHIP

PROSPECTS AND SUGGESTIONS ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

CONCLUSION ,[object Object],[object Object],[object Object],[object Object]

Many thanks for your attention

Environment Of Entrepreneurship Development

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