Global business environment is changing its dynamics every day. Rapid development of science and technology is supplying fuel to the movement of business dynamics changing motion. For example, if we look back to one decade we will see that SMEs were using record books with pen or pencil for...

The Small and Medium Enterprises (SMEs) are considered as the engine of growth of Bangladesh economy. SMEs are generally labor intensive industries, generates employment with minimum capital investment. Therefore they are getting priority for employment generation and poverty alleviation in the...

SME Cluster Development could be an emerging force of entrepreneurship development, employment generation and poverty alleviation for any least developed country like Bangladesh. SMEs located at different clusters of Bangladesh are contributing in generating employment and income for the workers...

Michael Porter, father of the industrial cluster concept defined cluster as a “geographic concentration of interconnected businesses and associated institutions in a particular field". In this definition, we are getting three criteria of an industrial cluster. These are (a) A geographic...

SMEs, as defined by the European Union (EU), comprise the industries, having less than 250 workers. This number is 300 workers having yearly turnover within Tk. 38 million (380 crore) under the Japanese definition. In case of Bangladesh, SMEs are the organisations where less than 60 workers are...

The present ruling party declared Vision-2021 before the 9th parliamentary election. It is not understandable why Vision-2021 is not much highlighted now. Maybe, it is because some of the goals of the document were supposed to be achieved by this time and they failed to do it.Vision-2021 is the...

Micro, Small and Medium Enterprises (MSMEs) are the largest segment of an economy. They accounts for 25 percent of Bangladesh GDP and employed 87% of civilian population. MSMEs are playing a very important role in employment generation, resource utilization and income generation to a large...

Significance of SMEs can be clearly observed if we take a look at the contribution of SMEs in some select Asian countries. For example, about 97.3 percent of enterprises in China, 97.3 percent in Malaysia, 97.5 percent in Kazakhstan, and 97.7 percent in Vietnam are SMEs. Furthermore, about 99.4...

There is no universally accepted definition of a cluster. Experts in different regions of the world, however, have defined cluster as per respective national economies. Porter (2003) defines a cluster as a 'geographically proximate group of interconnected companies, suppliers, service providers...