Firm growth by women-owned Small and Medium Enterprises in a developing economy setting

The growth experiences of women-owned Small and Medium Enterprises (SMEs) in the context of a developing economy are examined through the lens of pragmatism. This approach views a businesswoman’s ‘belief’, ‘habit’ and ‘doubt’ as critical for researching gender related issues in entrepreneurship. This study explains the growth aspects of women-owned manufacturing and services SMEs of Bangladesh with the aim of addressing two neglected research issues. One is the scarcity of studies on growth oriented women entrepreneurs in developing countries. The other is the lack of focus on very successful high-growth women-owned firms in the context of a strong male-dominated economy. This study adopts a framework developed out of the Diana International Project to evaluate the factors influencing the growth of these successful, growing, Bangladeshi women-owned businesses. In order to evaluate the growth process itself, this framework was then modified with growth resources and actions as explained by Edith Penrose in her 1959 seminal book The Theory of Growth of the Firm. This allows for the investigation of the effects of managerial and entrepreneurial abilities in growth, and the identification of how firms achieve growth. A multiple-case design is adopted, covering sixteen successful growth-oriented firms in the manufacturing and services sector. SMEs were studied as the basis for firm growth from initial venture creation, while the sector concentration on manufacturing and services reflects the urban nature of the study in examining firms that exist in the capital city of Dhaka. Data from in-depth interviews and supporting documents were used for the case studies and integrated with the theoretical framework. Themes were categorised and patterns compared against the framework. The results of this research suggest that SME growth is a process which is gradual and iterative, comprising a series of growth strategies and approaches. The framework identifies interactive connection between different growth variables and highlights how industry sector and the national context of a growing economy facilitate growth of women-owned SMEs. The case study based research seeks to advance scholarship in relation to women’s entrepreneurship globally and contribute to the understanding of growth oriented women’s entrepreneurship. Building upon existing knowledge, this research endeavours to generate new insights and advance theoretical discourse by providing richness and subtlety to the knowledge of growth process and opening up new avenues for future research.Doctor of Philosoph