Bangladesh's Corporate World

A bunch of people without a leader is just a mob! It takes a leader to direct a group toward a common purpose to form an effective team or business. This may seem like common sense, but it is often ignored by those in charge of businesses. It is certainly worth taking a look at the qualities that are most common to effective business leaders.   Communication  These days, discussions of the importance of communication seem to pop up everywhere from marriage counselors to reality television programs. However, there is no place in which the importance of communication is more obvious than in businesses generally and in business leaders specifically.  Business leaders, specially the ones doing business in Bangladesh, must actively engage in communication in every facet of the business. Since it is not possible to be everywhere at every minute to see everything, keeping the lines of communication open is the only way in which a leader can be aware of all the fa...

A smart as the British Children looks in their school uniforms, the shirt, tie, trousers/skirt, and to add to it the blazer. Part of this very smart look is made in Bangladesh.  A garments company in Gazipur, known as the Gooryong Fashion, has been supplying such shirts to John Lewis and True Tex, the two main uniform service providers in the United Kingdom, since 1996. The business started exporting in the School Uniform sector when a US buyer placed an order of 10,000 pieces in 1996. The items were delivered in time and in a major way, and the company is where it is now after 16 years of business. The chairman of Gooryong Fashion stated that; superior quality and timely shipment are the two of the essential factors that works in drawing the buyers. He also commented on the Chinese dealers as ‘The western buyers of school uniforms are coming to Bangladesh with more orders as China has become dearer for them’. In the previous financial year the company supplied goods...

About 67% people of Bangladesh are directly or indirectly associated with farming in Bangladesh. Land being exceedingly fertile, the agricultural possibilities of Bangladesh are huge. Bangladesh is the 4th largest rice producing and the 2nd largest jute producing country in the world. Bangladesh also holds a respectable position in growing various seasonal and tropical fruits. This sector of Bangladesh can become successful if the farmers are properly trained and modern technologies are applied. Bangladesh has an ample stock of natural resources as well. The country also has quite a large amount of natural gas. Besides, Bangladesh possesses some coal, hard rock, lime stone and silicone stockpile. At present, the Electric sector of the country is being operated by natural gas and coal. But due to the heavy demand, Bangladesh will very soon have to look for renewable sources of energy. The main industries of Bangladesh are textile, readymade garments, tea processing, newsprint pape...

World Bank has highlighted four major hindrances in the economic growth of any nation. They have said that the chaotic situation in Middle-East, shortage of Euro, ever increasing price of oil in the international market and local energy crisis are the main issues behind the sloth speed economic development of a nation. The government of Bangladesh has to put their focus on these issues to attract more foreign direct investment in the country. The energy crisis of Bangladesh is now worse than ever. The already established factories in the country are suffering from production loss due to heavy load shedding. This situation is repelling new investors from establishing industries in Bangladesh. The new power plants set up by the current government are all oil run. This is also a major problem for foreign investors as the price of oil is continuously increasing in the international market. The price hike of oil is causing the production cost to go up. The prospect of a low profit ...