Bangladesh's Corporate World

Everyone starts up a business hoping that it will become something huge someday. Every day there are hundreds of new businesses being opened across the globe including Bangladesh but only a few make it to the top. An ideal business has a number of characteristics that makes it successful in the long run. Here are nine such characteristics: 1. It does not require a big start up investment on machineries and equipment to make business work. Nevertheless, it tightens up the capital. Yes it is true that every business needs some initial investment. But in this modern era, the startup capital should not be very large. 2. An ideal business does not require 16 or 18 hours of work per day. Dedication and attention is important for any business to stand up properly. An ideal business gives plenty of time to the professionals attach to it to take rest and plan for the next day. 3. An ideal business requires no large number of employees. Having employees means hiring them, firing them and ...

The World Economic Forum has recently published a survey report in which it is stated that the three factors-inadequate infrastructure, corruption and inefficient bureaucracy are the main barriers for the entrepreneurs in Bangladesh. But even than, some companies like Beximco Group are doing well. They have expanded business in many sectors and became successful. According to the Global Competitiveness Report for 2014-15, 21 percent of businesses have no adequate supply of infrastructures and it is the top barrier of doing business in Bangladesh. Among the top three barriers, corruption places in the second as 20.7% businesses points at it while inefficient government bureaucracy being mentioned by 15.3%. According to the experts of Center for Policy Dialogue (CPD), these top factors are the most problematic factors for doing business for long time as there is an inadequate effort to lessen the extent of the effect of those factors. However, the entrepreneurs predicts better econom...

The world is progressing at an outstanding pace. Bringing about packets of ideas with every blink of an eye, the business world is churning with rapid motions of newer perspectives. Interestingly, in the past few decades, business sector of Bangladesh has been rising at an impressive rate. Till the last decade, various Bangladeshi companies followed the age old axiom:”better, faster, cheaper”. But things started to happen rapidly in the past few years. Business innovations that could produce a faster sum of products started to thrive. Companies like Citicell, , Pran, ACI, Beximco etc. left no stones unturned to obtain maximum quantity of products.  Also came new ideas. Initiating from new styles to technological breakthrough, search for the ultimate business formula started and continued. Observing the success, the competitors caught up and adapted these method soon enough. Unfortunately, the criteria of core differentiation between them reached a minimum. Gradually the entrepr...