EXAMINING OF POST-PANDEMIC CHALLENGES FACED BY THE SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) IN SYLHET REGION
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Md Riaj Uddin(1*)
Department of Business Administration, Shahjalal University of Science and Technology, Sylhet
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Anamul Haque Uzzol(2)
Bachelor of Business Administration in MIS, Shahjalal University of Science & Technology, Sylhet
(*) Corresponding Author
Keywords:
Entrepreneurial Environment, Sylhet-Based SMEs, Economic Growth, Funding Challenges
Abstract
This study examines the context of the small and medium business (SME) environments for enterprising conditions in Sylhet following COVID-19. This article aims to highlight the most common legal hurdles small enterprises face during business management. 52 proper samples were randomly selected from the SMEs; these are common in the area. It has been utilizing various blended approaches which include qualitative and quantitative ones. Some of these business categories include retail, pharmacy, restaurant, mobile repair shops, and fast food. The research used both the structured and unstructured, a critical appraisal based on prior research on organizational learning. This paper emphasizes the importance of SMEs in the economic progress of the Sylhet region. However, with all these possibilities, there are numerous problems that an SME is faced with. Among them are limited access to finance, sourcing requirement of inputs, high operating costs, unfavorable market conditions, and impacts from shifting politically unstable environment.
Keywords: Entrepreneurial Environment; Sylhet-Based SMEs; Economic Growth; Funding Challenges
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References
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Majumder, S. and Dey, S. (2020) ‘Light Engineering Industry Sector in Bangladesh: Challenges and Prospects’, The cost and management, 48(1).
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Ahmed, K. and Chowdhury, T.A. (2009) ‘Performance Evaluation of SMEs of Bangladesh’, International Journal of Business and Management, 4(7). Available at: https://doi.org/10.5539/ijbm.v4n7p126.
Alam Khan, Md.S. et al. (2021) ‘Problems and Prospects of SME Financing in Bangladesh’, Business and Management Research, 10(2). Available at: https://doi.org/10.5430/bmr.v10n2p10.
Alauddin, M. and Chowdhury, M.M. (2015) ‘Small and Medium Enterprise in Bangladesh-Prospects and Challenges’, Global Journal of Management and Business Research, 15(December 2019).
Ayyagari, M., Beck, T. and Demirguc-Kunt, A. (2007) ‘Small and medium enterprises across the globe’, Small Business Economics, 29(4). Available at: https://doi.org/10.1007/s11187-006-9002-5.
Chowdhury, S. and Rahman, Md.M. (2014) ‘The Potentiality of Women Entrepreneurs in Bangladesh with Special Reference to Sylhet Region’, Global Disclosure of Economics and Business, 3(2). Available at: https://doi.org/10.18034/gdeb.v3i2.155.
Davidavičienė, V. (2018) ‘Research Methodology: An Introduction’, in. Available at: https://doi.org/10.1007/978-3-319-74173-4_1.
Guo, H. et al. (2020) ‘The digitalization and public crisis responses of small and medium enterprises: Implications from a COVID-19 survey’, Frontiers of Business Research in China, 14(1). Available at: https://doi.org/10.1186/s11782-020-00087-1.
Hanaysha, J.R. et al. (2022) ‘Impact of Innovation Capabilities on Business Sustainability in Small and Medium Enterprises’, FIIB Business Review, 11(1). Available at: https://doi.org/10.1177/23197145211042232.
Hossain, F. (2017) ‘Prospects and Threats of Women Entrepreneur in SME Sectors in Urban Area Bangladesh- A Study on Sylhet City’, IOSR Journal of Business and Management, 19(01). Available at: https://doi.org/10.9790/487x-1901020813.
Hossain, M.U. and Al Asheq, A. (2019) ‘The role of entrepreneurial orientation to sme performance in Bangladesh’, International Journal of Entrepreneurship, 23(1).
Julhas Miah, Md. et al. (2018) ‘Women Entrepreneurship of Sylhet City, Bangladesh: Challenges & Opportunities’, Management and Organizational Studies, 5(3). Available at: https://doi.org/10.5430/mos.v5n3p17.
Khatun, F. and Fardaus Kabir, A.T.M. (2014) ‘Women SME Entrepreneurs in ensuring women empowerment in Bangladesh: A Study on Women SME Entrepreneurs in Bangladesh’, American International Journal of Research in Humanities, Arts and Social Sciences AIJRHASS [Preprint].
Litvaj, I., Drbúl, M. and Bůžek, M. (2023) ‘Sustainability in Small and Medium Enterprises, Sustainable Development in the Slovak Republic, and Sustainability and Quality Management in Small and Medium Enterprises’, Sustainability (Switzerland), 15(3). Available at: https://doi.org/10.3390/su15032039.
Majumder, S. and Dey, S. (2020) ‘Light Engineering Industry Sector in Bangladesh: Challenges and Prospects’, The cost and management, 48(1).
Mukaila Ayanda, A. and Sidikat Laraba, A. (2011) ‘Small and Medium Scale Enterprises as A Survival Strategy for Employment Generation in Nigeria’, Journal of Sustainable Development, 4(1). Available at: https://doi.org/10.5539/jsd.v4n1p200.
Rupeika-Apoga, R., Bule, L. and Petrovska, K. (2022) ‘Digital Transformation of Small and Medium Enterprises: Aspects of Public Support’, Journal of Risk and Financial Management, 15(2). Available at: https://doi.org/10.3390/jrfm15020045.
Shalhoob, H. and Hussainey, K. (2023) ‘Environmental, Social and Governance (ESG) Disclosure and the Small and Medium Enterprises (SMEs) Sustainability Performance’, Sustainability (Switzerland), 15(1). Available at: https://doi.org/10.3390/su15010200.
Uddin, M.R. (2024) ‘The role of the digital economy in Bangladesh’s economic development’, Sustainable Technology and Entrepreneurship, 3(1). Available at: https://doi.org/10.1016/j.stae.2023.100054.
Published
2024-11-01
How to Cite
Uddin, M., & Uzzol, A. (2024). EXAMINING OF POST-PANDEMIC CHALLENGES FACED BY THE SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) IN SYLHET REGION. Journal of Management : Small and Medium Enterprises (SMEs), 17(3), 887-900. https://doi.org/10.35508/jom.v17i3.18586
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Articles
