Critical Success Factors for the Poultry Entrepreneurs in Bangladesh

Posted: 17 Jul 2018

See all articles by Nazrul Islam

Nazrul Islam

Canadian University of Bangladesh

Muhammad Mamun

University of Dhaka - Institute of Business Administration

Mizanur Rahman

Khulna University

Date Written: June 27, 2018

Abstract

This study attempts to identify the critical success factors for strengthening and development of poultry entrepreneurs in Bangladesh. Multivariate analysis using factor analysis technique has been used to analyze the data. Fifteen factors were identified as crucial for success in poultry business. These factors explain more than eighty percent of the variability of data. The results show that the entrepreneurial success of poultry business highly depends on sociopolitical orientation of the entrepreneurs. Achievement motivation, efficiency, commitment towards work, dynamism, and self-confidence are also found to be crucial for success in poultry firm operation. The other factors include profit seeking, flexibility, instant decision making capability, cooperation from the stakeholders, independence, knowledge of technology, continuous adjustment with environment, learning by experience, and enjoying work.

Keywords: Poultry Entrepreneurs, Achievement Motivation, Profit Seeking, Learning by Experience

Suggested Citation

Islam, Nazrul and Mamun, Muhammad and Mizanur, Rahman, Critical Success Factors for the Poultry Entrepreneurs in Bangladesh (June 27, 2018). Available at SSRN: https://ssrn.com/abstract=3203246

Nazrul Islam (Contact Author)

Canadian University of Bangladesh ( email )

House 99, Road 11, Block C, Banani,
Dhaka, 1213
Bangladesh
8801716370643 (Phone)
880258952047 (Fax)

HOME PAGE: http://www.cub.edu.bd

Muhammad Mamun

University of Dhaka - Institute of Business Administration ( email )

University of Dhaka
Dhaka, 1000
Bangladesh

Rahman Mizanur

Khulna University ( email )

Gollamari
Khulna, 8208
Bangladesh

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