Fostering innovation culture among the SME owners of Bangladesh

Abstract

"This report is based on my experience as an intern in the foreign exchange department of Modhumoti Bank. It begins with an overview of the internship and how it benefitted me and my colleagues. The difficulties I had to go through and how with the help of my supervisor and colleagues I was able to complete my internship smoothly. .The report then provides a brief background of Modhumoti Bank, including its mission, vision, objectives, and achievements. The report also examines the bank's operational system, leadership style, and marketing procedures. In addition, the report analyzes Modhumoti Bank's position using SWOT analysis and Porter's Five Forces and finally conclusions and recommendation regarding how they can further compete better against the other banks in the industry. The focus is on the innovation culture among the SME owners of Bangladesh. The report includes data and perspectives from participants, and provides recommendations based on the findings. Finally, while conducting research for this report, it was discovered fostering an innovation culture among SME owners in Bangladesh is really significant and crucial as everything is slowly turning to digitalization. This report aims to provide how fostering the innovation culture can actually help SME owners to compete in such a dynamic environment and provide valuable insights into this important topic."