Management of Innovative Activities of Small Entrepreneurial Manufacturing Workshops in Bangladesh
Journal of Business Administration, University of Dhaka, Volume 32, N0. 1 & 2 January & April, pp. 1-20 (2006)
13 Pages Posted: 14 May 2018
Date Written: 2006
Small entrepreneurial manufacturing workshops of Bangladesh, primarily involved in manufacturing and supplying spare-parts for motorized and non-motorized vehicles, are proliferating. These workshops are principally located at a few strategic crossroads of different cities. Although these workshop entrepreneurs do not have formal technical and management education, they have developed some unique skills of promotion and human resource management through learning by observing. However, these entrepreneurs face some acute problems such as, inadequate governmental protection and policies, unavailability and high cost of raw materials, and infra-structural support. Other important concerns are lack of training facilities, severe competition, availability of skilled personnel, power supply disruption. Other issues are high risk of investment in such projects, problem of getting finance and bureaucracy in the process, no knowledge about information technology, lack of designing capability, inadequate knowledge about importing machinery and raw materials, local pressure to withdraw workshop from their places, and threat from local pressure groups. In addition, customers are unwilling to pay a premium amount for their products and services. If workshop owners are aided with the above mention issues, they will be able to contribute significantly in this strategic sector with their innovative skills.
Keywords: Problem of getting finance, Bureaucracy in the process, Knowledge about information technology, Lack of designing capability, Inadequate knowledge, Local pressure
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