Ch-11, Management in Bangladesh

Management in
Bangladesh
Management in Bangladesh
Topics to be disscussed:
1. Nature of management in Bangladesh
3. Planned Economic development and Management
4. Socio-cultural Influence on Management
5. Management development institutions in Bangladesh
Nature of Management Practices in Bangladesh
▪ Free market economy

▪ Limited state intervention
▪ Downsizing the government ownership
▪ Launching privatization policies especially in trade and
business sector and
▪ FDI (Foreign Direct Investment).
3
Planned economy department and management
Planned economy is an economic system in which the government controls and regulates
production, distribution, prices, etc. All the factors of production are owned and managed by the
government.
In a planned economy, the factors of production are owned and managed by the

government. Thus the Government decides what to produce, how much to produce and for
whom to produce
4
Features
•All resources are owned and managed by the government.

•There is no Consumer or producer sovereignty.
•The market forces are not allowed to set the price of the goods and services.
•Profit in not the main objective, instead the government aims to provide goods and services to
everybody.
•Government decides what to produce, how much to produce and for whom to produce.
Advantages
•Prices are kept under control and thus everybody can afford to consume goods and services.
•There is less inequality of wealth.
•There is no duplication as the allocation of resources is centrally planned.
•Low level of unemployment as the government aims to provide employment to everybody.
•Elimination of waste resulting from competition between firms. 5
Disadvantages
•Consumers cannot choose and only those goods and services are produced which are
decided by the government.
•Lack of profit motive may lead to firms being inefficient.
•Lot of time and money is wasted in communicating instructions from the government to
the firms.
Examples of Planned economies

•North Korea
•Cuba
•Turkmenistan
•Myanmar
•Belarus
•Laos
6
•Libya
•Iran
Socio-Cultural Influence on Management
 Social factors affecting management
 Cultural factors affecting management
7
Socio- cultural factors influence on Management
▪ Social classes and their influence on the society,

• Average disposable income level,
• Wealth of people,
• Economic inequalities,
• Level of education,
• Access to education (free, paid),
• Level and access to health-care,
• Health consciousness in society (smoking, drinking, drug use, safe driving, etc.),
• Buying habits and consumer preferences,
• Average retirement age (for men and women),
• Personality of average consumer,
• Reputation of company in society,
• Conflicts within society,
• Susceptibility to influence,
8
• Social organization (communities, social groups, gangs, ad-hoc gatherings, etc.),
• Uncertainty avoidance dominating in society (or other G. Hofstede socio-cultural factors),
Cultural factors affecting management
 Fashion trends,
 Lifestyle,
 Social media influence (blogging, etc.) vs traditional media (press, TV, radio),
 Dominant communication technology in social groups,
 Participation in cultural events,
 Willingness to pay for tickets,
 Popular actors, music styles, design forms, etc.
 Creativity of people,
 Relative population of local (folk) artists vs. global imported culture,
 Various other determinants of culture.
9
MANAGEMENT DEVELOPMENT
INSTITUTIONS
IN
BANGLADESH
BANGLADESH INSTITUTE OF BANK
MANAGEMENT
• BIBM – Bangladesh institute of bank management supervised by Bangladesh Bank under the Societies Act 1860
was established in 1974 with an initial primary focus on providing training to officials of banks and financial
institutions of Bangladesh.
Covering others areas :

* Training of middle and senior-level officers of bank
*Ensuring quality education ( MBM & EMBM )
*Conducting seminars , workshops & round-table discussion
*Carrying out research on banking
* Providing consultancy service
INSTITUTE OF BUSINESS ADMINISTRATION
• IBA – Institute of Business administration has only been running at three prestigious public universities
namely,
{ DU since 1966} {JU since 1991} {RU since 2000}.
Aims & Objectives
* Facilities for graduate & post graduate study
*Research in Business Administration
* Off-the-job training for business person
• Rules & Regulations
* Basis of grading
* Repeating Course
*Academic Programs
BANGLADESH PETROLEUM CORPORATION
• BPC – Bangladesh Petroleum Corporation is a government agency in Bangladesh to import ,

distribute and market oil & petroleum products.
• Establishment –
* Established by Bangladesh Petroleum Corporation Ordinance,1976
* Governed by Bangladesh Petroleum Corporation ordinance,1976
Bangladesh Petroleum Act , 1974 &
Bangladesh Petroleum Corporation Rules,1976
TRAINING INSTITUTE OF DIFFERENT BANK
• Dhaka Bank Training Institute

• First Security Islami Bank Ltd
• IFIC Bank
• UCBL
Others Institutions
• BACE Training Center
• ICAB
• ICMAB
• IMRD
• IRI
Thanks to All
15

Ch-11, Management in Bangladesh

Uploaded by

Copyright:

Available Formats

Ch-11, Management in Bangladesh

Uploaded by

Document Information

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Ch-11, Management in Bangladesh

Uploaded by

Copyright:

Available Formats

Management in

▪ Free market economy

In a planned economy, the factors of production are owned and managed by the

•All resources are owned and managed by the government.

Examples of Planned economies

▪ Social classes and their influence on the society,

Covering others areas :

• BPC – Bangladesh Petroleum Corporation is a government agency in Bangladesh to import ,

• Dhaka Bank Training Institute

You might also like