Asian Business Review
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The Effectiveness of Communication Practices with the Customers: A Comparative Study between Eastern Bank Limited and Mutual Trust Bank Limited
Get PDFCommunication has been considered as the lifeblood of every business organization. In case of banking business in Bangladesh, the effective communication is a must for convincing the customers. The reason behind that, the number of banks is increasing day-bay-day. Thus, the competition of banking business in Bangladesh is going to be severely critical for the bankers. So, this paper attempts to explore the tools and techniques used by the bankers of Eastern Bank Limited and Mutual Trust Bank Limited to communicate with their customers. This paper also attempts to reveal the opinion of bankers and customers regarding the effectiveness of communication practices by the authority of Eastern Bank Limited and Mutual Bank Limited and prescribed some possible courses of actions to make the communication more effective with their customers.
JEL Classification Code: D8
The Effect of FDI to Accelerate the Economic Growth of Bangladesh and Some Problems & Prospects of FDI
Get PDFForeign Direct Investment (FDI) has great impact on the development of a developing country like Bangladesh. The foreign investor seeks for new sources of investment where the developing country seeks for new sources of fund to develop the country. The FDI does not only bring sources of fund in a developing country but also new technology in a developing country. The FDI has the important role to develop the garments & weaving, telecommunication, banking and pharmaceuticals industry of Bangladesh. In this paper the role of FDI in economic growth (GDP) is analyzed to find out relationship between FDI and GDP in Bangladesh. To analyze the impact, The GDP has been taken as a dependent and FDI as an independent variable to run the regression analysis where the result shows that the FDI can explain about 83% data of GDP, p value much less than 0.05 to reject null hypothesis and GDP changes 64.0709 units for changes of each unit of FDI. The correlation matrix shows the GDP and FDI is highly correlated (0.912024962) in perspective of Bangladesh economy, so the FDI has grater impact on GDP or Economic Growth of Bangladesh. Some of the problems and prospects of FDI in Bangladesh is also discussed in the paper.
JEL Classification Code: F2
Role of First Line Manager: Strategic Leadership in Implementing Successful PMS
Get PDFThe paper studies the role of first line managers as strategic leaders in Bangladesh ensuring successful implementation of efficient performance management system (PMS), in high performance work systems (HPWS). In this paper, importance of PMS in HPWS has been discussed briefly with the light of previously done scholarly works. Then the paper draws attention on Bangladesh’s perspective of first line managers’ role as strategic leaders in major telecommunication companies, (which are considered as HPWS) in implementing PMS. To do this, quantitative data from handful of major telecommunication companies operating in Bangladesh have been collected and the whole concept has been explained with aid of a model.
JEL Classification Code: M12
Issues and Challenges of Non-Bank Financial Institutions in Bangladesh
Get PDFThe article examines the issues and challenges faced by non-bank financial institutions in Bangladesh. At present the main concern of NBFIs of Bangladesh is collecting fund for investment at a lower cost. Due to current liquidity crisis of banks, it became difficult for them to have funds at a reasonable cost. Other issues stem from severe competition from banks, volatile stock market, and lack of trained human resource and absence of secondary market for loan products. It is suggested that NBFIs have to search for alternative and low cost source of funds, find appropriate way to diversify their product in a manner attractive to people and restrict their investment in low-risk project.
 
May E-Governance Create Digital Divide?
Get PDFDeveloping country (DC) governments have been using information and Communication technologies (ICTs) supporting and transforming the external Workings of governance by processing and communicating data. E-Governance should be seen to encompass all ICTs, but the key innovation is computer networks. Bangladesh has failed to progress towards achieving its target as envisaged in its information Technology (IT) policy documentation. Besides, the unequal access to computers and other digital technologies in the developing world from the developed world creates digital divide. Closing the technology gap would lift people out of poverty, while creating a large business opportunity for the high technology industry (World Resources Institute, 2000). My aim in this paper is to present an outline of E-Governance which create digital divide in Bangladesh. This type of research is rare and it would help the society and the country to understand the problem of digital divide and the progress of E-Governance. The paper concludes some problems designed to stimulate farther thoughts and advanced research.
JEL Classification Code: G3
Perceived Intensity of Stress Stressors: A Study on Commercial Bank in Bangladesh
Get PDFJob stress becomes an important agenda for managers and management scholars now a days and it will remain in future. Organizational Stress is receiving increasing attention in the academic literature and has become a salient issue for the organizations. Job life is one of the important parts of our daily lives which cause a great deal of stress. This study is an initiative to explore how does stress stressors influences on work life of employees in contemporary commercial banks in Bangladesh. Study reveals that employees perceived that long working hour and workload have perceived as top most stressors of both public and private commercial banks in Bangladesh. It is statistically significant that there is no perceived difference in stress stressors of public and private commercial bank in Bangladesh.
JEL Classification Code: E3
Socio-Economic Conditions of Fishermen: Evidence from Hakaluki Haor of Bangladesh
Get PDFThe study explores the socio-economic conditions of fishermen in Hakaluki haor of Moulvibazar district. The main information was used in this regard to measure the poverty incidence such as family size, annual income, expenditure of food and non-food items, education level, etc. The study also estimates the poverty level by using CBN method. About 42 and 68% haor fishermen were below the lower and upper poverty lines respectively. The study suggests that the Government should take haor based policy to reduce poverty level of fishermen.
 
Castor Bean (Ricinus communis L.) - A Biofuel Plant: Morphological and Physiological Parameters Propagated from Seeds in Bangladesh
Get PDFPot experiments were carried out in Dhaka, Bangladesh from March to September 2012 to evaluate the morphological and physiological parameters of Castor oil Plant (Ricinus communis L.), a second generation energy crop propagated from seeds. The leaves and petioles of castor plants were collected from the earthen pot to determine the leaf and petiole nutrient contents. So this study provides a reliable account of the endogenic concentrations of nutrients present in petiole and their content in leaves including the morphological parameters such as plant height, stem diameter, leaf growth, fresh and dry weight of leaves, petiole and root length of the plant at 2 vegetative growth stages grown in Silty clay loam soil were attempted. The experiment revealed that the morphological parameters responded better in mature plant compared to young plant but the physiological parameter showed variations at 2 growth stages.
 
Foreign Direct Investment as an Instrument for promoting Economic Development in Bangladesh
Get PDFA healthy financial sector is very much crucial for economic growth, especially for economies like Bangladesh. Because, growth in Bangladesh must come largely from exports and its enterprises must, therefore, be internationally competitive. But unfortunately, Bangladesh has a financial system in which borrowers fail to repay loans, foreclosure is almost unheard of, and the government has to bail out banks. However, the Foreign Direct Investment (FDI), the most powerful weapon for accelerating economic development in Bangladesh. To attain an economic growth rate in the seven to eight percent range, investment has to be increased significantly, Because of declining levels of official development assistance in recent years and inadequate domestic savings, FDI presents opportunities for overcoming domestic resource constraints. The Board of investment (BOI) was created as market mechanism where investors can cut through red-tape associated with foreign trade and business start-ups. FDI basically helps to fill-up the capital gap and shortage of a country. Foreign Direct Investment is one of the vital forces to boost up the economy. In this study paper I would like to draw a current scenario of Foreign Direct Investment in Bangladesh. In this regard I present the most updated data, avoid the uncompleted data and use the best judgment at the time of presenting the data to better knowing the current trend about the Foreign Direct Investment in Bangladesh. The benefits of FDI in terms of physical capital formation, transfer of technology, and know-how are sufficient to justify sustaining these flows. Capital controls are not the answer to a rising flow of FDI. Foreign Direct Investment (FDI) will help the country in further developing infrastructures, creating more employment, developing capacity, enhancing skills of the labour force of the host country through transferring technological knowledge and managerial capability. To ensure that resulting payments liabilities remain within the country’s debt-servicing capacity, it is essential to develop an effective non-intrusive reporting and monitoring system the main ingredients of which are presented in the study.
JEL Classification Code: G11, O2
The Effects of Human Resources Development on Financial Performance of Organisations
Get PDFContemporary organisation invests huge resources on a regular basis on Human Resources Development (HRD) initiatives because of the age long belief that this will enhance efficiency and effectiveness. But sadly, these expectations often go unfulfilled. This study empirically tests the effect of HRD on financial performance with employee competence and organisational commitment acting as mediating mechanisms. A total of 84 copies of a questionnaire that was distributed to and received from bank workers of two of Nigeria’s leading banks: First Bank of Nigeria Plc and Zenith Bank Plc to elicit relevant data on employee participation in and perceived benefits of HRD, commitment & competence and financial performance were analysed using Cronbach’s Coefficient Alpha and multiple regression analysis. Results show a significant relationship between employee participation in HRD including perceived benefits of HRD and organisational commitment and employee competence. The study also shows a significant relationship between competence & commitment and financial performance. Thus organisation should focus attention on delivering consistent HRD initiatives relevant to the need of employees and focused on addressing identified Skills, Knowledge and Abilities (KSA) gaps for a continuous financial performance improvement.
JEL Classification Code: M12