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ENVIRONMENT OF ENTREPRENEURSHIP

DEVELOPMENT
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ENVIRONMENT OF
ENTREPRENEURSHIP
DEVELOPMENT
Roll No. 023; Reg. No. 00682
Faculty of Business Administration And Management
Patuakhali Science And Technology University
Shofiq Uddin Khan
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DEVELOPMENT
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OBJECTIVES
Identify business environment.
Learn about the task of environment.
To highlight the impact of environment on
the promotion and development of
entrepreneurship in Bangladesh.
Understand key demographic, economic,
natural, technological, political-legal, and
socio-cultural developments


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DEVELOPMENT
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OBJECTIVES
Impact of the change of environment and
Future focus.
Learn how environment and entrepreneur
cooperates and are responding to new
challenges.

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Business Environment
Business Environment is defined as-

Business environment is the sum total of environmental
factor which provide some atmosphere for business.

And the environment primarily determines the success or
failure of the organization.
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Figure: The firm in its environment

Environmental influence
Political, Social, Legal,
Cultural, etc.
Input
Business
organization
Outputs Consumption
Business Environment
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DEVELOPMENT
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Economic opportunity
Economic growth
Entrepreneurship
Model 1
Economic ENVIRONMENT
Entrepreneurship
Economic growth
Model 2
MODEL OF ENVIRONMENT OF ENTREPRENEURSHIP
DEVELOPMENT
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DEVELOPMENT
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Economic Opportunity Conditions
Capital

Capital availability is not much
in Bangladesh because of per
capita income is as low as US
$520. Also interest is so high
that people find it unattractive
to borrow.
But some specialized institution
both publicly and privately
working for industrial
entrepreneurs and they lend
money to entrepreneurs.

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Economic Opportunity Conditions
Raw materials

Government can play an important
role for domestic entrepreneurs.
Tariff policy pursued by the
Government is important for import
substitute industries.
However, a projectionist tariff policy
will protect local entrepreneurs
from competitions.
Thus, the profit potential scenario
will improve in Bangladesh.
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Economic Opportunity Conditions
Labor

Bangladesh has a large
labor force which is
incurring at a fast pace
without having any major
deterrent in the way of
labor mobility thus cost of
labor is certainly low and
cheep.
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Economic opportunity conditions
Technology

Technology for Bangladesh is
no problem. It is available from
different sources in the
different sectors that can be
acquired or technology transfer
easily.
More productive capital
intensive technology may not
be suitable for Bangladesh.
Adoption of labor intensive
technology is cheap.
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Economic Opportunity Conditions
Market size and
composition

Market size and composition
will be the major
determinants of the amount
for reward of an
entrepreneur. Already we
have a large market. And the
market is expanding. So
Bangladesh has a huge
market having a large unmet
demand.
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ENTREPRENEURIAL ENVIRONMENT
OF BANGLADESH
Instead of a mixed economic system, market economy was
decided to the best for the country, wide ranging
liberalization in trade policy. Entrepreneurs in the country
face the competition from outside world in a fashion that
was quite unknown higher to. Export led growth become
the prime vehicle for development.
Actual scenario of political environment during the last 19
years-
To understand the role of state on economic opportunity
condition of Bangladesh a historical perspective with regard
to political economy is imperative or else an incomplete view
might emerge.
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DEVELOPMENT
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THE ENVIRONMENTAL ASPECT FOR
ENTREPRENEURSHIP
Political Environment
Legislation
regulating business
Growth of
special interest groups
The entrepreneurship in the political arena of Bangladesh
is not adequately supported. Even their due claims may
remain unheeded if those compete with the claims of
other stronger groups.
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LEGAL ENVIRONMENT
Many laws in our country are so weak that those
are almost impossible to implement. Moreover, the
judicial administration and legal procedures
remained inefficient. Giving the existing legal
system, it is inconceivable that entrepreneurship
will take place with such a legal backing what so
ever.
THE ENVIRONMENTAL ASPECT FOR
ENTREPRENEURSHIP
ENVIRONMENT OF ENTREPRENEURSHIP
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Socio-Cultural Environment
World views held
by consumers
High persistence of
core values
Existence of subcultures
THE ENVIRONMENTAL ASPECT FOR
ENTREPRENEURSHIP
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World views that consumers
hold of themselves, others,
society, organizations, nature,
and the universe
High persistence of core values
Existence of subcultures

Example- changing life style,
western influence on local
consumer
Socio-Cultural Environment
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Economic Environment
Income
Distribution
Savings, debt,
and credit availability
THE ENVIRONMENTAL ASPECT FOR
ENTREPRENEURSHIP
ENVIRONMENT OF ENTREPRENEURSHIP
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Natural Environment
Shortage of raw materials
Increased energy costs
Anti-pollution pressures
Changing role of
governments
THE ENVIRONMENTAL ASPECT FOR
ENTREPRENEURSHIP
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Technological Environment


Technological
Environment

Accelerating pace of
technological change
Increased regulation of
technological change
Unlimited
opportunities for
innovation
Varying R&D
budgets
THE ENVIRONMENTAL ASPECT FOR
ENTREPRENEURSHIP
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Technological Environment
Accelerating pace of technological
change
Unlimited opportunities for innovation
Varying R&D budgets
Increased regulation of technological
change

Example- E-commerce, E-business.

THE ENVIRONMENTAL ASPECT FOR
ENTREPRENEURSHIP
ENVIRONMENT OF ENTREPRENEURSHIP
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EXISTING ECONOMIC OPPORTUNITY
CONDITIONS
Capital
Labor
Technology
Raw materials
Non economic factors
Not that the presence or absence of all the factors we
just mentioned are impending entrepreneurship growth
in the context of Bangladesh, rather some of them are
more dominant than others.
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Forces Impacting the external
Environment
Financial institutions
Employees
Share-holders
Suppliers
Competitors
Customer
THE ENVIRONMENTAL ASPECT FOR
ENTREPRENEURSHIP
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PROSPECTS AND SUGGESTIONS
Contribution by entrepreneur can certainly made by
the environment that is conducive to this taking and
innovation.
Proper planning and government intervention is need to
come out from political environment.
Bangladesh still needs good export oriented strategies.
Sound fiscal and monetary policies are vital to the
sustained growth of the private sector.
For rural entrepreneurship development government should
take the new decision for agriculture and marketing
program and should be operated strongly.
An efficient transport and communication network aids
production and market expansion.
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CONCLUSION
It is important for a company to
Be aware of the factors in the
environment.
Keep track of changes of the
environment.
Modify its products, services and way of
doing business.
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DEVELOPMENT
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Many thanks for your attention

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