ECONOMIC PROSPECTS AND PROBLEMS OF CANE BASED FURNITURE ENTERPRISES AS FAMILY BUSINESS AND THEIR BUSINESS TRENDS IN BANGLADESH
Journal Title: Asian Economic and Financial Review - Year 2013, Vol 3, Issue 6
Abstract
Cane based enterprise is one of the most flourished business in the northeastern region of Bangladesh. The purpose of the present study is to observe the pattern of production of cane based furniture in Sylhet city, identify the prospects and problems, and recommend solutions. The study reveals that most of the cane furniture enterprises (57%) is small and 36% is medium and 7% is large in size. Most of the (86%) entrepreneurs produce sofa, chair, rocking chair and bed. Sofa is the highest item in terms of volume of production while bed is the lowest. Sofa, chair and rocking chair are the most demanded and profitable items. Average monthly production and profit are Tk 221916 and Tk 22500 respectively per enterprise. The study also reveals that 51% entrepreneurs are suffering from shortage of capital and raw materials, whereas 35% of capital, skill labor, etc. The study suggests that entrepreneurs should create demand to all classes of people through proper promotional programs, newest designing, adding new features, extending the usages of cane furniture, improving quality considering customer demand. Government also should patronize this industry by giving logistic supports.
Authors and Affiliations
Md. Kamrul Hasan| Assistant Professor, Faculty of Business and Social Sciences, Sylhet International University, Bangladesh, Prodip Dey| Lecturer, Department of Business Administration, Sylhet International University
Keywords
Related Articles
- EP ID EP1921
- DOI -
- Views 483
- Downloads 55
THE SCOPE FOR INCREASING BIOFUEL CROP PRODUCTION IN JAPAN: AN ANALYSIS OF ALTERNATIVE POLICIES
In 2010, concerns regarding Japan?s excessive dependence on imports for food and energy caused the Japanese government to introduce subsidies to stimulate biofuel crop production. In this paper, we study the viability of...
CORPORATE GOVERNANCE IN ZIMBABWE: AN OVERVIEW OF ITS CURRENT STATE
This article aims to provide an overview of the current state of corporate governance in Zimbabwe. Corporate governance has gained relevance and prominence in the global society since the big corporate scandals such as E...
A Quantile Regression Analysis of Micro-lending’s Poverty Impact
This paper aims to evaluate the impact of a microlending program on ameliorating measured poverty within its client population, with the aim of improving that impact. We analyze over 18,000 women micro-finance clients o...
TRADE FLOWS AND EXCHANGE RATE SHOCKS IN NIGERIA: AN EMPIRICAL RESULT
In this paper, we explored the J-curve effect based on Nigerian data by adopting the vector error correction methodology. The results of the study indicated a cyclical feedback between the trade balance and the real exch...
LIQUIDITY AND RETURNS: EVIDENCES FROM STOCK INDEXES AROUND THE WORLD
Using data from 16 developing countries and 10 developed countries between January 2000 and December 2013, this study examines the relationship between liquidity and stock index return. The empirical results show that th...