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Cambridge Satchel Company Essay

3454 words - 14 pages

Submitted by:
SL # | Name | Roll # |
1 | Muhammad Moslem Uddin | 88 |
2 | Md. Rafiqul Islam | 102 |
3 | Quazi Md. Osman Gani | 148 |
4 | Md. Khdimul Islam | 162 |
5 | Md. Wasib Amin | 178 |

Section: B,
18th Batch,
Department of Marketing,
University of Dhaka.


In the process of economic development Small and Medium Enterprises (SMEs) play a pivotal role in poverty alleviation and rapid industrialization of the developing countries like Bangladesh. In this paper we tried to appraise the Problems and Prospects of SMEs in Bangladesh. We observed from the research that non availability of adequate credit, complex loan granting procedure, inadequate infrastructure ...view middle of the document...

Along with poverty alleviation SMEs can reduce the urban migration and increase cash flow in rural areas. As a result they will enhance the standard of living in rural areas.

Objective of the Assignment
The objectives of the research are to identify the factors that influence the development and growth of the SME sector. Thus the specific objectives of the study are as follows:
1. to appraise the present situation of SMEs in Bangladesh.
2. to evaluate the financing performance of SMEs in Bangladesh.
3. to identify the problems of SMEs in Bangladesh. Regarding the identification of financing problems, we have tried:
* to find out whether lack of investment and operating funds hinder the growth of the SME sector
* to find out whether lack of modern technology hinders the growth of the SME sector
* to find out whether poor physical infrastructure and high transportation cost undermine the competitiveness of SMEs
* to find out whether shortage of skilled workforce hinders the development of SMEs.
4. to identify the prospect of SMEs in Bangladesh.
5. to recommend solutions to the problems.

SMEs: around the world

According to the European Union (2003) SMEs are defined as enterprises which have at most 250 employees and an annual turnover not exceeding 50 million Euros. Further, there is the distinction of small enterprises — they have fewer than 50 staff members and less than 10 million Euros of turnover — and micro enterprises (less than 10 persons and 2 million Euros of turnover).

According to the World Bank (2006) medium enterprises are defined as enterprises which have at most 300 employees and an annual turnover not exceeding 15 million US dollars. Further, there is the distinction of small enterprises — they have fewer than 50 staff members and up to 3 million US dollars of turnover — and micro-enterprises have up to 10 persons and $100,000). In the UK, sections 382 and 465 of the Companies Act 2006 define SMEs for the purpose of accounting requirements. According to this a small company is one that has a turnover of not more than £5.6 million, a balance sheet total of not more than £2.8 million and not more than 50 employees. A medium-sized company has a turnover of not more than £22.8 million, a balance sheet total of not more than £11.4 million and not more than 250 employees. It is worth noting that even within the UK this definition is not universally applied.

In the USA, the definition of a small business is set by a government department called the Small Business Administration (SBA) Size Standards Office. The SBA uses the term “size standards” to indicate how largest a concern can be in order to still be considered a small business, and therefore be able to benefit from small business targeted funding. The concern cannot be dominant in its field, on a national basis. It must also be independently owned and operated. Unlike the UK and the European Union which have simple definitions...

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