PROBLEMS AND PROSPECTS OF SMALL ENTERPRISES: A CASE STUDY ON AL BARAKAH AGRO PRODUCTS

Abstract

Small and medium sized enterprises (SMEs) are playing increasingly important role as engines of economic growth in many countries including ours. SMEs provide low cost employment opportunities and render flexibility to the economy. Many of the SMEs are engaged in export activities suggesting that they are internationally competitive. Considering the importance of SME sector in the economy of Bangladesh and understanding the constraints under which such enterprises operate, it is evident that policies to support the development and growth of SMEs are necessary. In the policy strategies, smooth and sustainable development of SMEs all over the country will be considered as one of the vehicles for poverty alleviation, and generation of more employment. An attempt has been made in this paper to identify major problems and prospects of small enterprises in Bangladesh and suggest some policy measures to overcome those constraints. In this study Al Barakah Agro Products has been selected purposively as a small enterprise.