Nowadays, companies can not expand without the aid of new technology. According to experts, filing patents for inventions and making appropriate use of social media platforms are some of the requirements for businesses to guarantee required growth.
Experts stated that to achieve the necessary growth for organisations, it is imperative to implement new technologies, patent creative designs, and make use of social media platforms.
During a session titled Growth Dynamics, which took place on the second day of the three-day 7th SANEM Annual Economists’ Conference (SAEC) 2024 at the BRAC center in the capital on 24th February, the experts made these remarks.
Economists from Bangladesh and India made four paper presentations on different topics at the conference organised by the South Asian Network on Economic Modelling (SANEM).
The experts have also recommended that social media marketing is an effective and valuable instrument for improving the performance of small business enterprises. Therefore, it is necessary to increase knowledge about the use of social media as a medium for business.
Professor Mustafizur Rahman, distinguished fellow of the Centre for Policy Dialogue (CPD), chaired the session while Assistant Professor (Economics), School of Liberal Studies, India’s University of Petroleum and Energy Studies, joined it virtually as a discussant.
