Bangladesh's Corporate World

The Prime Minister Sheikh addressed her first electioneering meeting in the city organized by Dhaka North unit of Awami League on Gulshan Youth Club ground on 21 December in support of Awami League candidates of the 11th Jatiya Sangsad under Dhaka North City Corporation. In her address she acclaimed the candidates including eminent businessman and Beximco Group owner Salman F Rahman.  Salman F Rahman has an excellent track record in business. He has made Beximco Group as one of the most renowned companies of South Asia. Sheikh Hasina said the pace of development should be continued and militancy, terrorism and drug should be dealt strictly. In her address Sheikh Hasina said her government resolved the acute crisis of water and electricity in the capital and the country as well after being elected in the 2008 election. All roads in the Dhaka City were also in dilapidated condition when her party took office in 2009, Sheikh Hasina said adding that the city was also reeling on t...

The most recognizable brand in Bangladesh is Beximco Group. The name synonymous with innovation, trust and quality. The company was founded by brothers A. S. F. Rahman and Salman F Rahman in 1972. The pharmaceuticals wing of Beximco Group, Beximco Pharma, has become one of the largest exporters of medicines of the country and won National Export Trophy a record five times. The USA, Europe, Australia, Canada, Latin America and South Africa certified manufacturing facilities of Beximco Pharma. A. S. F. Rahman and Salman F Rahman are considered as the most forward-looking and  dynamic businessmen  in Bangladesh.  Salman F Rahman , the Vice Chairman of the Beximco Group, has been one of the driving forces in the emergence of the Group as the largest industrial entity operating in the private sector in Bangladesh today. Salman F Rahman is also serving as a Private Sector Development Affairs Adviser to Prime Minister and Bangladesh Awami League President Sheikh Hasina. B...

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...

In this modern age of technology any individual can communicate with anyone else within the matter of seconds thanks to cellphones and internet. Many Bangladeshi businessmen utilize this opportunity to communicate with their partners and clients via technology rather than meeting them face to face. But is it really the best way to go for a successful business? Some of the most successful corporate houses of Bangladesh were established in an era where face to face meeting was the only option for communication with clients and other associates. Even after several decades those companies are still going strong. The key factor behind this incredible success is just one simple fact- face to face meeting. The impact of social media and technology is obvious in this age. But here are some major reasons why face to face communication beats any other method for a successful business: A face is better than a thousand voices In the recent past there has been an upsurge of online s...

People find business marketing of small starting money tough to establish having less option to make it successful. That is why most people think it as a waste of time and money and never tries to set up such types of business. This is found more realistic when the people try to hire professionals or “Branding” consultant but can never make it up having a bad experience. If we talk about hiring consultant for marketing, a person need to be sure about the consultant that he knows the most efficient way of marketing. But sometimes, money is a problem. Not everybody has the ability to consult someone but using various approach ways and planning the work can be done without facing any economic difficulties. Three Small Business Marketing Strategies For Success Firstly the service given by the business people should be so good that people like and appreciate it. Most people say that they will give the best service but it is not as easy as it seems. Also the way they are thinking is ...