Leaders eat last
The success and failure of any organisation largely depend on its leadership. Studies show that there is no “one size fits all” leadership style. Nevertheless, effective leaders do possess certain attributes which are extremely crucial for an organisation’s sustained success.
3d ago
Conscious capitalism transforming the way we do business
Oxford dictionary defines capitalism as “an economic and political system in which a country's trade and industry are controlled by private owners for profit.”
Minimum wage – the way forward
For the last few days, the minimum wage for garment workers has been one of the hot topics in the country. Aggrieved RMG workers rejected the minimum wage proposed by the authorities as there was a substantial gap between their expectations and the proposed wage.
Cash is king
The phrase “Cash is King” became widespread during the financial crisis in 1987, courtesy Pehr G Gyllenhammar, the then CEO of Volvo. The statement signifies the importance of having cash on hand or instantly accessible cash, also known as free cash flow (FCF).
Impact of AI on business
The advent of ChatGPT triggered huge enthusiasm for artificial intelligence (AI) technology and its immense potential. Some experts termed it as the most wondrous invention after internet in recent times. Bill Gates, the co-founder of Microsoft, said, “This will change our world.”
Gender equity for sustained business success
Of late gender equity is no more just a populist idea. Rather, it is being considered as one of the critical strategic priorities for businesses.
If Japan can, why can’t we?
During the 1970s, Japan was gradually establishing itself as a global manufacturing powerhouse. In fact, the spectacular rise of Japan’s economy started in the late 1950s. This was naturally a big surprise to the world. How come the nation, which was devastated in the second World War, could turn around so fast?
Layoff comes at a huge price
Off-late job cuts, particularly in the major global tech companies, are being piled up. In some cases, the decision of laying off employees was taken so hastily that it not only drew the attention of the media. Policy-makers and people were also concerned.
May 20, 2022
Increased mustard oil production: A solution to edible oil crisis
There is a huge hue and cry about the recent unprecedented price hike of soybean oil.
March 20, 2022
‘Happytalism’ to drive sustainable business growth
Happiness is a fundamental human goal. The General Assembly of the United Nations had recognised the relevance of happiness and well-being as universal goals back in 2012 and called for a more inclusive, equitable and balanced approach to economic growth that promotes the happiness and well-being of all human beings.
February 16, 2022
Supply chain matters – the Toyota story
General Motors, popularly known as GM, had been the largest seller of vehicles in the United States from 1931 to 2020. The Detroit-based automaker dethroned Ford back in 1931 to clinch the number one position.
December 29, 2021
Learnings and takeaways from 2021
Businesses went through an unprecedented rollercoaster ride in 2021. The year had started on a rather positive note as the coronavirus infection rate in Bangladesh remarkably came down to below 5 per cent.
December 1, 2021
Addressing global supply chain bottlenecks
Unusual disruptions in global supply chains are becoming a nightmare not only for businesses but for the global economy as well. It has reached such a dire state that even the US president had to make resilient supply chains a top priority of his administration.
November 10, 2021
Dealing with soaring energy costs
Of late, energy prices have gone through the roof. Prices of natural gas and coal in recent weeks have risen to a level that is the highest in decades. Consequently, electricity prices in some parts of the world, especially in Europe, North America, and some parts of Asia have skyrocketed.
August 29, 2021
Complying with supply chain due diligence
On June 11 earlier this year, the German Parliament, the Bundestag, passed a law called “Act on Corporate Due Diligence in Supply Chains”. This law obliges business organisations to fulfil their due diligence obligations in their supply chains with regard to respecting internationally recognised human rights and certain environmental standards.
July 7, 2021
Safeguarding private sector employees
Mohammad Kashem served a private company for 20 years. One fine morning when he was getting ready to go to his office, he had a sudden heart attack. Unfortunately, he could not recover, left this world, leaving behind a family of four members – his elderly mother, wife and two children.
June 21, 2021
The rice economy
Rice, the four-letter word, is not just the staple food; it is at the centre of the overall life of Bengalis, whether it is culture, politics, or the economy. Although many things have changed in Bengali life over time, rice remains radiant in its own glory.
March 28, 2021
An unprecedented crisis in shipping
Off late shipping costs have gone through the roof, making life miserable for the businesses. The freight rate for a 40-foot container to European base ports from Chattogram has reached to $5,000 level.
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