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• W2288548263 abstract "The present study employs Akhouri’s entrepreneurs’ economic success index (EESI) to investigate the success or failure of the 100 sampled small enterprises in Bangladesh. Using EESI, the study empirically estimates the success score of these sampled enterprises and relates the score with various characteristics and behavior of the entrepreneurs so that contributing factors in the achievement of success can be identified. The study endeavored to have identified four determinants of success for the sampled enterprises. These are taking risk to venture a new pursuit, sensing opportunity and mobilizing resources, managing enterprises efficiently to generate profit and finally achievement orientations for continuous expansion and improvement of the business. A number of phenomena have been observed in the study that entrepreneurs in the young and middle age group with unique family status are more successful. When comparison is made in terms of sources of ownership, self initiators are found to be most successful. Entrepreneurs having multiple businesses are more successful comparing to entrepreneurs having single business unit. When type and nature of operations of the enterprises are studied, enterprises having simple technology and easy operational procedure, in growing sectors of the economy and manufacturing sector tend to be much successful. The analysis of contingency table between age of the entrepreneurs and training status evidences no specific patterns. In studying the gender and marital status, female and married entrepreneurs are found to be more successful and when gender is compared to the educational background the positive impact of education is found in both the genders but highest impact of education is reflected in the women entrepreneurs. Meanwhile in studying the relationship between training and experience it is found that training substitutes the experience of the entrepreneurs rather than becomes complementary to each other. For training and educational background, training is found supplementary to the moderate educational background and alternative to the high educational background. Comparison of experience and educational background produces no specific pattern rather the mixed impact on the entrepreneurs’ performance. However, the effectiveness of training does not vary with respect to gender. The above-mentioned findings related to training suggest that training program for entrepreneurship development be need based with specific duration and contents to ensure expected benefits. The analysis of the size of the enterprise and nature of operations suggests that enterprises in the manufacturing sectors with less than 10 employees, having less than one million taka as asset employed, and less than 20 million taka of annual sales tend to be more successful. This indicates that the smaller the size of the enterprise, the higher is the degree of operating the firm efficiently to become successful. The overall study concludes that the young entrepreneurs with moderate age and smaller size of the enterprises having training with moderate education prone to be successful. The other major findings of the paper provide policy implication that enterprise having higher network and enterprise that does have access to credit with one or more support services (i.e. Credit++, Credit+) would be successful. So, the policy issues should be considered while designing small enterprise development initiatives." @default.
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• W2288548263 date "2008-01-01" @default.
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• W2288548263 title "Entrepreneurs' Economic Success Index and Its Influencing Factors: An Empirical Analysis" @default.
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