Vision 2021: The Needs for Women Entrepreneurship, Their Prospects and Constraints in Bangladesh

Abstract

Development of women entrepreneurship offers excellent opportunities for development of one half of the population and for overall socio-economic progress of the country. This paper examines issues like why women entrepreneurship is needed in Bangladesh to achieve the target set for Vision 2021. What factors influence the strategic growth of women-owned businesses in Bangladesh? What are the characteristics of Bangladeshi women entrepreneurs and their businesses? What have been the greatest obstacles and challenges for women entrepreneurs in Bangladesh? The study shows that the constraints of innovative women entrepreneurship are traditional views and stereotypes about women, lack of science and innovation, lack of substantial investment and women being seen less credible financially than men, lack of access to technical scientific and general business networks, lack of business training, role models and entrepreneurship skills.