The management structure of industries in Bangladesh varies in between sectors. In the public sector the system is a three-tier one which may be shown as under:
The controlling ministry exercises general supervision and control and acts as an owner on behalf of the people. It appoints the chairman and board members of the corporation.
It is also authorized to approve budgets, major investments, and appointments of the corporation.
The management structure of industries
The corporation acts as the controlling body of the enterprises under it. The chief executive of the enterprise is appointed by the corporation. The budgets, investments, appointments, expenses, pricing, procurement, sales, etc., require the approval of the corporation concerned. It is often complained by enterprise management that corporation exercises autocratic control which hampers local autonomy for public enterprises as commercial units.
Enterprise management is the grass-root level management that is entrusted with the task of managing the human and non-human resources of the enterprise concerned and remains responsible for its successes and failures.
Management is the public sector industrial enterprises are often constrained by the absence of autonomy. For petty expenses even, the enterprise management has to seek approval of the corporation concerned. The chief executive of the corporation is appointed by the Government. Other executives are appointed by the corporation but in such an appointment, the consent of the chief executive is usually being taken.
In the private sector, the Management structure is a simple one. In most cases, the owner/owners exercise direct control over enterprise management. In the case of companies, however, there is a separation of ownership from control. The owners (shareholders) maintain indirect control through the board of directors. In proprietorship or partnership concerns, the control of owner/owners is direct. Management is usually of familial type.
Irrespective of whether the enterprise is the public or in the private sector, there are three levels of management and they are top-level, mid-level, and lower level as under:
The top-level management is comprised of general managers, deputy general managers, etc. in the public sector while in the private sector owners/directors also come to exercised control over the affairs of the enterprise. In the public destroy the top-level management at the enterprise level is subject to outside control (by the corporation and ministry) but such outside control is absent in the case of the private sector. The owners/directors take decisions, formulate plans, set objectives, etc. which the mid-level and lower-level management try to implement/achieve.
The mid-level management comprises departmental managers, assist. managers etc. who remain responsible for the top-level management and exercises control over lower-level managers. In fact, the managers at this level are the prime movers and provide a vital link between the top level and the lower-level managers.
The lower-level managers are the supervisors and/or foremen, who remain in direct touch with the workers at the floor level. Workers get guidance and remain responsible for them.
Matters relating to worker’s productivity, motivation, and commitment are their direct concern. They provided a link between the managers at the mid-level on one hand and workers on the other.
Related Content of Management:
- Gradual Evolution of the Management System in Japan
- Special Features of Japanese Management
- Management Board
- Bangladesh and its Management System
- Prospects of Management in Bangladesh
- Success Story of Top Level Management Employee
- What does mean by Business Administration and Management?
- Classical Approach to Management Thought
- Behavioral and Human Relations Approach toward Management
- Systems Approach Management Thought
- Contingency Approach for Management Safety
- Contemporary Management Approaches
- Glossary of Terms and Abbreviations Regarding Management