Sustainable and socially responsible business: doable reality or just a luxury? An exploratory study of the Bangladeshi manufacturing SMEs

Md Nazmul Hasan

Research output: Contribution to JournalArticlepeer-review

Abstract

Drawing on the ISO 26000: 2010 – Guidance on Social Responsibility, this study investigates the extent to which Bangladeshi manufacturing SMEs are incorporating sustainability into their day-to-day business activities. The findings reconfirm the existence of the so called ‘attitude-behaviour’ gap. The barriers that hinder the sustainable engagement of SMEs include corruption, a weak regulatory environment, inefficient or ill-suited government and external support, and a lack of awareness of the environmental aspects of SR. In addition, this research reveals that Bangladeshi manufacturing SMEs do, to a certain degree, implement sustainability; only those few issues that suit the owner-managers’ personal motives are addressed, while some others are neglected. Finally, it has been found that the business type and size, and the owner-managers’ educational attainments have no significant influence on the degree of adoption of sustainable and socially responsible business practices by Bangladeshi manufacturing SMEs.
Original languageEnglish
Pages (from-to)473 - 506
Number of pages33
JournalWorld Review of Entrepreneurship, Management and Sustainable Development
Volume14
Issue number4
DOIs
Publication statusPublished - 10 Jul 2018

Keywords

  • Bangladesh
  • ISO 26000
  • SMEs
  • developing countries
  • ethics
  • social responsibility
  • sustainability

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