The Impact of Cultural Norms on Sustainable Entrepreneurship Practices in SMEs of Bangladesh
The objective of this study is to examine the significant impact of cultural norms on sustainable entrepreneurship initiatives in the context of small and medium-sized firms in Bangladesh's dynamic business environment. Utilizing a rigorous research technique, this study conducts semi-structure...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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CV. Literasi Indonesia
2023-10-01
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| Series: | Indonesian Journal of Innovation and Applied Sciences |
| Subjects: | |
| Online Access: | https://ojs.literacyinstitute.org/index.php/ijias/article/view/962 |
| _version_ | 1797644954438205440 |
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| author | Md Mehedi Hasan Emon Tahsina Khan |
| author_facet | Md Mehedi Hasan Emon Tahsina Khan |
| author_sort | Md Mehedi Hasan Emon |
| collection | DOAJ |
| description | The objective of this study is to examine the significant impact of cultural norms on sustainable entrepreneurship initiatives in the context of small and medium-sized firms in Bangladesh's dynamic business environment. Utilizing a rigorous research technique, this study conducts semi-structured interviews with a diverse sample of 40 small and medium-sized enterprise owners, executives, and important stakeholders. Following this, a rigorous thematic analysis is conducted, revealing significant themes and complex patterns present in the collected data. The findings reveal a detailed viewpoint, explaining that cultural norms, including factors such as tendencies towards risk avoidance, complex social networks, and the significant impact of family dynamics on business operations, have both positive and negative effects on sustainable entrepreneurship practices in small and medium-sized enterprises. Furthermore, the identified research highlights the utmost importance of governmental policies and regulatory frameworks as influential factors that shape the dimensions of sustainable entrepreneurship. Based on these findings, the research emphasizes the necessity of adopting a comprehensive and integrated strategy that effectively addresses and overcomes the deeply ingrained obstacles rooted in culture. This approach should also prioritize the establishment of a supportive environment, facilitated by well-informed governmental policies and carefully crafted regulations. The implications of these findings have significant resonance beyond the confines of Bangladesh, extending to other developing countries where cultural norms and government regulations can pose substantial obstacles to the achievement of sustainable entrepreneurship. Future research attempts may benefit from delving deeper into the complex relationship between cultural norms and sustainable entrepreneurship practices across various contextual settings. |
| first_indexed | 2024-03-11T14:38:52Z |
| format | Article |
| id | doaj.art-46377909d7fd4eed85e51034f44af299 |
| institution | Directory Open Access Journal |
| issn | 2775-4162 |
| language | English |
| last_indexed | 2024-03-11T14:38:52Z |
| publishDate | 2023-10-01 |
| publisher | CV. Literasi Indonesia |
| record_format | Article |
| series | Indonesian Journal of Innovation and Applied Sciences |
| spelling | doaj.art-46377909d7fd4eed85e51034f44af2992023-10-30T21:39:43ZengCV. Literasi IndonesiaIndonesian Journal of Innovation and Applied Sciences2775-41622023-10-013320120910.47540/ijias.v3i3.962963The Impact of Cultural Norms on Sustainable Entrepreneurship Practices in SMEs of BangladeshMd Mehedi Hasan Emon0Tahsina Khan1Faculty of Business Administration, American International University-Bangladesh, BangladeshCentre for Higher Studies and Research, Bangladesh University of Professionals, BangladeshThe objective of this study is to examine the significant impact of cultural norms on sustainable entrepreneurship initiatives in the context of small and medium-sized firms in Bangladesh's dynamic business environment. Utilizing a rigorous research technique, this study conducts semi-structured interviews with a diverse sample of 40 small and medium-sized enterprise owners, executives, and important stakeholders. Following this, a rigorous thematic analysis is conducted, revealing significant themes and complex patterns present in the collected data. The findings reveal a detailed viewpoint, explaining that cultural norms, including factors such as tendencies towards risk avoidance, complex social networks, and the significant impact of family dynamics on business operations, have both positive and negative effects on sustainable entrepreneurship practices in small and medium-sized enterprises. Furthermore, the identified research highlights the utmost importance of governmental policies and regulatory frameworks as influential factors that shape the dimensions of sustainable entrepreneurship. Based on these findings, the research emphasizes the necessity of adopting a comprehensive and integrated strategy that effectively addresses and overcomes the deeply ingrained obstacles rooted in culture. This approach should also prioritize the establishment of a supportive environment, facilitated by well-informed governmental policies and carefully crafted regulations. The implications of these findings have significant resonance beyond the confines of Bangladesh, extending to other developing countries where cultural norms and government regulations can pose substantial obstacles to the achievement of sustainable entrepreneurship. Future research attempts may benefit from delving deeper into the complex relationship between cultural norms and sustainable entrepreneurship practices across various contextual settings.https://ojs.literacyinstitute.org/index.php/ijias/article/view/962cultural normssmall and medium-sized enterprisessocial networkssustainable entrepreneurship |
| spellingShingle | Md Mehedi Hasan Emon Tahsina Khan The Impact of Cultural Norms on Sustainable Entrepreneurship Practices in SMEs of Bangladesh Indonesian Journal of Innovation and Applied Sciences cultural norms small and medium-sized enterprises social networks sustainable entrepreneurship |
| title | The Impact of Cultural Norms on Sustainable Entrepreneurship Practices in SMEs of Bangladesh |
| title_full | The Impact of Cultural Norms on Sustainable Entrepreneurship Practices in SMEs of Bangladesh |
| title_fullStr | The Impact of Cultural Norms on Sustainable Entrepreneurship Practices in SMEs of Bangladesh |
| title_full_unstemmed | The Impact of Cultural Norms on Sustainable Entrepreneurship Practices in SMEs of Bangladesh |
| title_short | The Impact of Cultural Norms on Sustainable Entrepreneurship Practices in SMEs of Bangladesh |
| title_sort | impact of cultural norms on sustainable entrepreneurship practices in smes of bangladesh |
| topic | cultural norms small and medium-sized enterprises social networks sustainable entrepreneurship |
| url | https://ojs.literacyinstitute.org/index.php/ijias/article/view/962 |
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