elucidate the company management patterns in bangladesh

#Elucidate the company management patterns in bangladesh full#
#Elucidate the company management patterns in bangladesh license#

In terms of revenues, Bangladesh is positioned 46th in the global ranking, with sales of over US$1.50bn, which increased by 70–80% compared to the earlier times ( Statista, 2020). In the COVID-19 pandemic situation, retail business owners have released an alternate option through e-trade. Development of Web infrastructure, better internet facility offered by the mobile operators, convenient logistics support and knowledge of the buyers about digital platforms opens new dimensions for online shopping business ( Hossin et al., 2018). From the period 2000–2008, the e-commerce industry started to grow to overcome some major crises such as payment gateway issues, delivery system development, raising customer education and awareness issues. In Bangladesh, the e-commerce landscape started its journey in the late 1990s, but initially, most people were reluctant to shop through online platforms ( Hossin et al., 2018) due to the crisis of infrastructure development, trust, absence of cyber law, security and privacy lacking ( Islam, 2016). Bangladesh is characterized as one of the fastest-growing economies of South Asia. This digital transformation ensures tremendous growth of the e-retail business ( Dannenberg et al., 2020), and Bangladesh is no exception. Radical shifting toward online shopping has opened a new opportunity for e-commerce businesses worldwide. Due to governments' restrictions and preventive measures, consumers have become interested in shopping online ( Grashuis et al., 2020), which ensures their safety.

Consumers have shifted from the marketplace to the market space for shopping. This crisis has highly affected the daily lives of people, businesses, foreign trade and movements.

#Elucidate the company management patterns in bangladesh full#

The full terms of this licence may be seen at ĬOVID-19 has changed the existing behavioral pattern of consumers due to its high contagion characteristics. Anyone may reproduce, distribute, translate and create derivative works of this article (for both commercial and non-commercial purposes), subject to full attribution to the original publication and authors. This article is published under the Creative Commons Attribution (CC BY 4.0) licence. Published in IIM Ranchi Journal of Management Studies.

#Elucidate the company management patterns in bangladesh license#

It will be able to react to the situation promptly compared to other leadership styles, because of streamlined organizational structure and quick decision-making ability.Copyright © 2022, Razia Sultana Sumi and Mahjabeen Ahmed License It leads to quick decision-making, control over the processes and the operations of a company, etc.Īutocratic leadership will be helpful in situations where a business faces constant change or a crisis. However, there are some advantages of autocratic leadership as well. It leads to low employee morale, which in turn may lead to attrition in many cases. Some experts argue that this type of leadership style can be damaging rather than rewarding in the long run as it resembles that of a dictator. However, there are certain characteristics of autocratic leadership such as - no inputs from other group members are taken, group leader(s) dictate all the tasks or distribute responsibilities among other employees, and no reward or recognition is given to employees to boost morale. It is considered to be a flexible leadership style but some would argue that it is outdated now. The sole responsibility of the decision and the outcome is with the leader. This type of leadership style is only effective in organisations where the nature of work requires quick decision-making. This type of leadership style is seen mostly in businesses which are relatively small with fewer employees. Autocratic leaders make choices or decisions based on their own beliefs and do not involve others for their suggestion or advice.ĭescription: Autocratic leadership is a form of management style in which one leader or member of the organisation takes decisions on behalf of the company. Definition: Autocratic leadership is a management style wherein one person controls all the decisions and takes very little inputs from other group members.