STRATEGIC MANAGEMENT PRACTICES AND PERFORMANCE OF THE SME S IN BANGLADESH

SMEs in Bangladesh contributes a significant part in country?s total GDP and largest sector in employment, overall economic development and infrastructural development, so the performance of these SMEs is very crucial for the country. Therefore, this study aimed to identify the relationship between strategic management practices and the performance of SMEs operating in Bangladesh. Three variables (strategy formulation, strategy implementation, and strategy evaluation) were developed from the existing literature. Hypotheses were tested by using statistical software (SPSS). Correlation and regression analysis revealed a significant positive correlation between variables. Result indicated all three variables (strategy formulation, strategy implementation, strategy evaluation) and overall strategic management practices are statistically significant with the performance of SMEs in Bangladesh. Policy recommendation, practical application were discussed and future implication of the research direction were recommended.