Microenterprises have a substantial impact on Bangladesh's economy. Supply chain management and dynamic flexibility of a micro-organization in Bangladesh are very important. As such the research question is whether supply chain management and dynamic flexibility for uplifting micro-entrepreneurial organizations are feasible in Bangladesh. The time of the study is 1st September 2022 to 5th January 2023. The study observed that microenterprises' supply chain management and dynamic flexibility of a micro-organization in Bangladesh are yet to be properly developed. Both the public and private sectors should work simultaneously to get rid of the problem. Local-level planning, the raising of the local economy, and projects/programs for the local sector in both urban and rural areas are being required to properly utilize mega projects as commented by the authors which in turn help to raise purchasing power, removing income inequality and help to develop the economy of the country.
TopIntroduction
Micro Entrepreneurial Organizations have a considerable influence on Bangladesh’s economy as they sustain job creation, and family income rise, reduce social and economic inequality, and economic development. These establishments assist in allowing communities to become fruitful entrepreneurs and finish the sequence of the deficiency by generous entree to financial facilities, training, consultancies, and assistance. According to World Bank (2022) in Bangladesh microenterprises create 56% of the country's entire job creation and 25% of the country’s gross domestic product. For economic development in Bangladesh micro-entrepreneurship is playing a tremendous role including income-generating activities and trying to arrange gender equality. Yesminet al. described that (2021) in Bangladesh “micro-enterprises have no management strategies; nevertheless, their mitigation of a crisis appears more ad hoc.
Entrepreneurship seemed to be demonstrated in their company by implementing product delivery and marketing recovery strategies while managing to stay alive in the market. “Flexible and active conditions of microbusiness procedures may perform a multitasking character on the border sense of fundamental issues with synchronization of environmental scanning. Line management is the bottommost near of the management pyramid, a situation which is an extremely significant part that performs as the basis aimed at altogether fruitful micro businesses. These foremost leads help to create microentrepreneurial organizations in the financial market of the country either semi-formal or informal way with the help of microfinance organizations. Beznos (2023) urged that the microservice’s architectural elegance is a method to emerging a sole tender by way of a set of minor facilities, apiece successively in its specific procedure and interactive by frivolous devices.
Bangladesh is now preparing to convert the country to SMART Bangladesh. Smart data is digital information that is configured as such it contains to perform upon the group opinion beforehand existence directed to a downside analysis stage aimed at additional data alliance and analytical ability. Microenterprises will be benefitted by using smart data for sustainable business processes. Dynamic flexibility can assist entrepreneurial growth for which an entrepreneurial mindset is very much required. The organizational dynamic flexibility perspective indicates the growing flexibility to maintain a positive position to develop systematic capital investment for the poor income stratum. This will help to remove poverty through financial inclusion, especially for unbanked people of the country. According to World Bank (2018), it will endure efforts in a dynamic and hardy country, to decrease poverty and carry wealth to all Bangladeshis, particularly the poor.
Micro-organizational flexibility is related to change phenomena such as ecological unexpected and disruptive events and to environmental characteristics such as complexity, uncertainty, turbulence, dynamics, etc. Flexibility is the organizational function of the overall awareness, management of vulnerabilities, and adaptive capacity in a complex, uncertain, dynamic, and interconnected environment. Micro-entrepreneurial organizational flexibility is a function of the situation awareness, management of vulnerabilities, adaptive capacity of an organization in a complex, uncertain, dynamic, and interdependent environment in a rural environment and urban areas for downtrodden people. Yousef et al. (2022) found that in Iran rural entrepreneurial business managers should have a long-term vision for the continuation of their business.
The economic, social, political, and cultural organizational environment are being considered as dynamic trait that may enhance organizational flexibility. The contribution of the flexibility conceptualization is critical to understand the dynamics or microentrepreneurial organizational flexibility capabilities related to the issues where there are gaps of information, such as in areas of the role of structural knowledge, culture, diversity, determinants of the flexibility process, preparation for unexpected events, abilities to deal with threatening events at different levels of analysis. The microentrepreneurial flexibility akin to self-restoring equilibrium dynamics in mainstream economics. The study intends to observe capability performance provides insights into the complex dynamics to rebuild opportunities and development of microentrepreneurs in a turbulent situation. World Bank (2020) described that Bangladesh’s economy is dependent on its 7 million microenterprises, which provide 56 percent of all jobs.