Needs Hierarchy, Motivational Factors and Entrepreneurship in Bangladesh

Bangladesh Development Research Working Paper Series (BDRWPS) No. 11

14 Pages Posted: 7 Dec 2010

Date Written: December 6, 2010

Abstract

Every human being is driven by his/her desire to reach his/her needs, whereby the needs evolve to more ambitious needs once the most fundamental needs have been achieved. To reach more ambitious needs, accommodating socio-economic infrastructures and appropriate government support are required. Based on various surveys, this paper examines the needs hierarchy of Bangladeshi people as well as the main hindrances for not reaching higher up needs in Bangladesh. It analyzes the motivational factors of Bangladeshi employees and looks into the possibility and desirability of employees to become entrepreneurs in Bangladesh. Linking Bangladesh’s needs hierarchy, employee motivation and entrepreneurship in Bangladesh, the paper concludes with suggestions for measures that should be taken in an integrated way by individuals, family, social institutions and government to enable and encourage entrepreneurship in Bangladesh.

Keywords: Needs Hierarchy, Entrepreneurship, Bangladesh

JEL Classification: M54, J17

Suggested Citation

Haque, Mostofa, Needs Hierarchy, Motivational Factors and Entrepreneurship in Bangladesh (December 6, 2010). Bangladesh Development Research Working Paper Series (BDRWPS) No. 11 . Available at SSRN: https://ssrn.com/abstract=1721232 or http://dx.doi.org/10.2139/ssrn.1721232

Mostofa Haque (Contact Author)

Litmus Communications Ltd. ( email )

Dhaka
Bangladesh

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