We discuss here Bangladesh and its management system but before that a brief of the country. Bangladesh became independent and sovereign in 1971. Before that, it was ruled by others.
The British and the Pakistani rulers had exploited the resources of this soil and enriched themselves. They did not allow the development of industries here and for that matter, we remained industrially backward. It was only in the late sixties that the then West Pakistan based central government allowed a few Bangladeshi to set-up industrial undertakings with the state patronization.
This was a political decision of the Pakistani rulers to create a class of sponsored capitalists to serve their purpose. These industrialists, like the pure Pakistani capitalists, did not have any commitment to the people of this soil.
Their only goal was to “get rich quick” and to serve their West Pakistani masters well. They did not try to develop any system of management. Rather employed only their own people in managerial jobs and dependent on the exploitation of labor (Bangladesh) than on the development of managerial skill and efficiency.
Bangladesh and its management system
Thus, consequent upon the nationalization of large industries in Bangladesh after liberation, the responsibility to build its managerial capability was entirely vested upon the Government. A three-tier system of management the controlling minister the corporation and the enterprise management was introduced without poor preparation, training and co moment to run it effectively.
Consequently, the three-lira system failed to yield the desired result and the post-1975 regimes found it a plea for large-scale sale of public enterprises at the nominal process to a newly rich class of businessmen who cared only to get rich quick and not to develop an efficient system of management. Thus the private sector, as also the public sector, remains ill-managed. This accounts for the ever-increasing inefficiency of the Bangladesh industries.
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