Bangladesh has increasingly moved towards a market-based economy since the mid-1970s, as a result of receiving assistance under structural adjustment programmes of the World Bank, IMF and other donor nations. Despite foreign assistance, poor governance remains a big challenge for us. It is observed that both internal and external factors such as politics, public pressure and donor country’s conditions on reform are slowly generating a paradigm shift towards good governance and sustainable development. However, the…

Transformation-People & Performance: Building human capital also pays off for firms in the form of more consistent earnings and greater resilience during a crisis. When companies emphasize skill development, it pays off for workers. Some firms prioritize developing their employees and managing to deliver top-tier profitability at the same time. Some firms prioritize developing their employees and managing to deliver top-tier profitability at the same time.  People + Performance Winners have a distinctive organizational signature…

Natural capital is the world’s stock of natural resources, which includes geology, soils, air, water and all living organisms. Some natural capital assets provide people with free goods and services, often called ecosystem services. All of these underpin our economy and society, and thus make human life possible. It is an extension of the economic notion of capital (resources which enable the production of more resources) to goods and services provided by the natural environment.…

Whether big or small, for every business to grow, good governance is essential. There is no shortage to the benefits of what a governing board can bring to an organization, however some priorities are- (1) Risk management: facing a variety of risks is a daily occurrence for business owners, and having a board to assist with managing them when they arise is an extremely valuable asset to have. Directors notes that a board plays a…

Based on workforce characteristics, management practices, and business performance, it has indication that employee age had no impact on business performance, whether performance is measured by financial, operational, or customer outcomes. Tenure, however, had a significant positive and sometimes very sizeable impact on financial performance and operational excellence. People are living and working longer and the implications for areas such as health care and government entitlement programs are profound. But what about employers, that may…

Personality was originally derived from the Latin word ”charm”. “Charm” brought some meaning namely face cover, person with masks which produce differences. This definition describesthe external appearance highlighted by an individual. According to psychologists, personality covers aspects such as motivation, individual intelligence, how individuals think, their opinionsregarding things and values they hold. The concept of personality is a dynamic organization of psychophysical system where the system determines a person’s thinking and his behavior. There are…

Instead of maximising profit for their shareholders, companies should focus more on increasing their welfare, because shareholders may care more about other causes than just making a profitCorporate governance is one of the most crucial aspects of the modern economy. Good corporate governance allows companies to mobilise domestic and international capital and channel them to productive ends at the lowest possible cost. Traditionally, preventing corporate frauds have been one of the primary reasons for establishing corporate…