Improving Social Compliance in Bangladeshs Ready-Made...

Improving Social compliance in Bangladeshs Ready-made Garment Industry Author FERDOUS AHAMED, Ph.D Faculty of Business, Economics and Law, La Trobe University, Australia Bachelor of Arts and Master of Arts in General History University of Dhaka, Bangladesh Master of Business Administration in Marketing and HRM Northern University, Bangladesh Master of Commercial Law (Studying), La Trobe University, Australia 42 Wilcox Street, Preston, Victoria 3086, Australia E-mail: ferdous72@gmail.com Tel: 0610433051172 Abstract More than 78% of Bangladesh’s export earnings come from the garment industry. The ready-made garments (RMG) sector has a greater potential than any other sector in terms of employment and foreign exchange earnings to†¦show more content†¦Indeed, employers treat the RMG workers as slaves, exploiting workers to increase their profit margins and keep their industry competitive in the face of increasing international competition (Kumar A., 2006). Continuous work schedule, wage penalties, physical and verbal abuse are common. Women workers face physical abuse and sexual harassment inside as well as outside the factories, but management does not ensure the security of women workers. Alam (2004) suggested regulatory measures and its strict implementation and monitoring by the government agency that could overcome work place in security problem of garments workers in Bangladesh. Work areas are often overcrowded with limited workspaces, causing occupational hazards such as musculoskeletal disorders and contagious diseases. Injuries, fatalities, disablement and death from fire and building collapses are frequent in the RMG 3 sector (Majumder P, 1998). The absence of labour standards monitoring system and ineffective building codes, poor enforcement and outdated labour laws, and a lack of awareness of labour rights among workers. Labour unrest 4 is common in the RMG sector. In most cases, employers do not draw attention to workers’ rights and ignore labour standards and discarding fair labour practices. Formation of a trade union is often thwarted by severe repression, dismissal, arrest, assault by hooligans hired by employers, and other practicesShow MoreRelatedEconomic Development of Bangladesh4859 Words   |  20 Pagesin the Middle East, is the major source of foreign exchange earnings; exports of garments and textiles are the other main sources of foreign exchange earnings. Ship building and cane cultivation have become a major force of growth. GDPs rapid growth due to sound financial control and regulations have also contributed to its growth; however, foreign direct investment is yet to ri se significantly. Bangladesh has made major strides in its human development index. 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This study will give a clear idea about the financial performance of Sonali Bank Limited as well as the different section of different products and services of Sonali Bank Limited. At last the financial position of the bank in the banking industry based on its last couple of year’s performance. Information availability. Good communication system. Have a wide area of gaining knowledge. Good working environment. 1.5 Methodology of the Study I have designed this report as an expletory research

Organization and Lincoln Electric free essay sample

Compensation is the remuneration received by an employee in return for his/her contribution to the organization. It is an organized practice that involves balancing the work-employee relation by providing monetary and non-monetary benefits to employees. Researcher are interested in doing research on the company becauseresearcher wanted to learn more about control system especially managementcompensation, both theoretical and practical. Lincoln Electric Company one of companies has realize the method of control system especially managementcompensation in their company. In the Lincoln Electric Company, researcher get knowledge of control systemespecially management compensation, particularly its association with corporate profits. However, in its application is often the application of compensation hasexperienced various problems and constraints. So also happened in the LincolnElectric Company. Every company absolutely has a strategy to sustainable them company. The top priority of Lincoln is customer. Company always sensitive with consumer needs. Certainly, the firm’s customer wants to get the best price and the best quality. And, product of Lincoln fulfill it. Lincoln also concerns employee and stockholders needs. Management compensation always was determined by a wage survey of similar jobsin Cleveland area where the company do operational process. Lincoln ElectricCompany is a good example for other company which is concern to customer,employee and stockholders. Not all company like Lincoln Electric Company. So, because of that, we choose Lincoln Electric’s Case. 1. 2 Motivation Researcher motivation to conduct research on issues of control systemespecially management compensation in the Lincoln Electric Company because 2 esearcher wanted to know deeper in management compensation and itsimplementation. By studying and researching issues that arise in the company,researcher will get a clearer picture about what action needs to be done when problems arise. 1. 3 Research Question The problems of this case are: 1. How would you characterize Lincoln Electric’s strategy? What is the nature of Lincoln’s business and upon wha t bases does this company compete? 2. What are the most important elements of Lincoln’s overall approach toorganization and control that help explain why this company is so successful? How well do Lincoln’s organization and control mechanisms fit the company’sstrategic requirements? 3. What is the corporate culture like at Lincoln Electric? What type of employeeswould be happy working at Lincoln Electric? 4. What is the applicability of Lincoln’s approach to organization and control toother companies? Why don’t more companies operate like Lincoln? 5. What could cause Lincoln’s strategy implementation approach to break down? What are the threats to Lincoln’s continued success? 6. Would you like to work in an environment like that at Lincoln Electric? 1. 4 The Aim/Objectivity The objectives of this case are: 1. To characterize Lincoln Electric’s strategy. To know the nature of Lincoln’s business and the bases does Lincoln competes. 2. To find the most important elements of Lincoln’s which is because that element,Lincoln can achieve success. And to know Lincoln’s organization and controlmechanism which is fit the company’s strategic requirements. 3. To know the corporate culture like at Lincoln Electric. To know type of employees would be happy working at Lincoln Electric. 3 4. To know the applicability of Lincoln’s approach to organization and control toother companies. To know the reason other companies doesn’t operate likeLincoln. 5. To know the causes of Lincoln’s strategy implementation approach to break down and also the treats from the causes of Lincoln’s strategy implementation. 6. To give our opinion about working at Lincoln Electric Company. The objective of literature, researcher want to explain the theoy about thehierarchical levels of strategy, corporate culture, the system approach to organization,and strategy implementation. 2. 1Hierarchical Levels of Strategy There are two distinct levels of strategy within an organization (Porter, 2000), Corporate Level Strategy : Corporate strategy refers to the overall strategy for adiversified company. It is concerned with the mix of businesses the company shouldcompete in, and the ways in which strategies of individual units should becoordinated and integrated. Business Unit Level Strategy : is concerned more withhow a business competes successfully in a particular market. It concerns strategicdecisions about choice of products, meeting needs of customers, gaining advantageover competitors. Nature of Business: According (Kell, 2000), the nature of business is best understood on the basisof its characteristics or features which are as follows: business is an economicactivity, it includes the activities of production or purchase and distribution, it deals ingoods and services, it implies regularity of transactions, it aims at earning profitsthrough the satisfaction of human wants, it involves risk; it is not certain thatadequate profit will be earned, it creates utilities, and it serves a social purpose byimproving people’s standard of living. The key is to set the right goals from first principle, if you’re only competingon best practice it will be very hard to stay ahead. 4. the ability to develop and deliver new ideas – to innovate. â€Å"Innovation is thesuccessful application of knowledge or techniques in new ways or for new purpose; it is also about creating a business to exploit new opportunities profitably, 2. 4 The Definition of Corporate Culture The term corporate culture is used frequently in business language. Everyorganization have different corporate culture. It can be seen from the activityoperation and to run the strategies. According to (Ojo, 2009), ‘Culture is one of themost precious things a company has, so they must work harder on it than anythingelse,’ says Herb. Various studies indicate that companies with strong cultures aremore likely to be successful, but only under a particular set of conditions. 2. 5 An Approach to organization and control According to (Gaiennie,2006) that are an approach to organization control :1. The content of and relationship between the positions in a firm (job structure)2. The make-up of relationship between the job incumbents (personal structure) 2. 6 Strategy Implementation To be the winner in the business competition, organization must be precise toimplement the strategy because strategy implementation is an important thing in theorganization to run the business. Strategy implementation is the process of allocatingresources to support the chosen strategies. This process includes the variousmanagement activities that are necessary to put strategy in motion, institute strategiccontrols that monitor progress, and ultimately achieve organizational goals (Cyert andCohen,2007). The implementation of organization strategy involves the application of themanagement process to obtain the desired results. Particularly, strategyimplementation includes designing the organizations structure, allocating resources,developing information and decision process, and managing human resources,including such areas as the reward system, approacches to leadership, and staffing. 6 2. 7 Disadvantages of an informal organizationThe following are the disadvantages informal organization (James,2008) : 1. Resistance to change: an informal organization is bound by customs,conventions and culture. 2. Role conflict and sub-optimization: in an informal organization, everyoneworks towards the same objectives. Members put their own grup objectivesahead of organization’s objectives. Hence, the organization suffers. 3. Rumour: an informal organization sometimes functions as a carrier of rumour. 4. Group think philosophy: workers become loyal to their groups. 2. 8 Disadvantages of Labor Unions The following are the disadvantages of labor unions ( Martin,2008) :There are also disadvantages to labor unions, both to the employees and theemployers. First, employees lose their individual voices. Employees give up their right to negotiate for themselves or to have their individual concerns and benefitsrecognized. There is no incentive for employees to work harder to gain promotions or pay increases. unions typically demand much higher pay rates, sometimes increasingat a rate higher than inflation. Reduced productivity, loss of ability to be competitiveand higher pay rates can lead to layoffs or even cause the company to go out of business. 7 CHAPTER IIICASE ANALYSIS3. 1 Background Case Lincoln Electric Company The Lincoln Electric Company was the world’s largest manufacturer which is produce arc-welding and a leading producer of industrial electric motors. John C. Lincoln is the founder of Lincoln Electric, which opened in 1895. In 1906 Johnincorporated his business and moved it from a fourth floor room in a factory he wasin, to a newly constructed three-story factory. He then expanded his work force andthe sales grew to over $50,000 a year. Over the next few years the product line wasexpanded to include battery chargers for electric cars, and in 1909 the first weldingset was produced. Then in 1911 the company introduced a variable voltage, singleoperator, portable welding machine, and the very first in the world. Now LincolnElectric employs around 4000 people not including the 200 or so in the sales force, inits U. S. factories and in factories and sub companies all over the world, includinglocations in France, Canada, China, Australia, Indonesia, South Africa, Brazil, Polandand others. Employees today enjoy pension plans, opportunities of promotion fromwithin, and continuous employment. Lincoln has around a 40 percent U. S. marketshare for its arc welding products. Worker Performance and Attitudes In Lincoln Electric Company, each worker do them job with focus and most workerstook no coffee breaks. The manufacturing procedures appeared to be efficient. That’smean no unnecessary steps, no wasted motions and no wasted materials. Organizational Structure Lincoln never allowed development of a formal organization chart. The objective wasto ensure maximum flexibility. An open-door policy was practiced throughout thecompany, and workers were encouraged to take problems to the persons most capableof resolving them. Hiring and Compensation 8 Every job opening was advertised internally on company bulletin boards, and anyemployee could apply that job. External hiring was permitted only for entry-level positions. Selection for these jobs was done on the basis of personal interviews andthere was no aptitude or psychological testing. In the other hand, all productionworkers and many other workers were paid by piece rate. The piece rate were never changed unless a substantive change in the way a job was done resulted from a sourceother than the worker doing the job. 3. 2Case Analyis1a. Characterize Lincoln Electric’s strategy. The level strategy of Lincoln Electric Company is corporate level strategy because Lincoln Electric Company do diversification. Corporate level strategy We can see the diversified from Lincoln Electric Company’s product. Products of Lincoln Electric Company: Arc-welding equipments, electric motors, plasma and oxy-fuel cutting equipment, robotic welding systems, welding power sources, wire feeding systems, fume extraction equipment, and consumable metalelectrodes and fluxes. Subsidiary: Products of The Harris Group Manufacturer of:welding consumables, gas apparatus, and other specialty products. Low Cost Oriented Lincoln Electric Company has other strategy that strategy is related with cost. Theother strategy is low cost oriented.

The Secret to Help to Write a Research Paper

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Read More About Persuasive Writing Ideas For Kids

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Sample APA Engineering Essay

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Low Voter Turnout Essay Research Paper There free essay sample

Low Voter Turnout Essay, Research Paper There are many grounds that account for low elector turnout. First of wholly, it is apparent that there is a diminution in public involvement for elections. Most American citizens feel that their ballot does non count, and seeing as they lead really busy lives they are non inclined to do clip to vote when they feel as if their ballot does non number. There besides is a diminution in the competition between the parties. In the nineteenth century, when voting rates were higher, the parties fought hard, got electors to the polls, made political relations a participatory activity, kept enrollment simple and looked frontward to shut and exciting elections. Now a twenty-four hours, this no longer happens. American citizens have no motive to vote as they one time did. They are non made to experience that their ballot affairs. The many reforms made by the Progressives have besides reduced elector turnout ( Wilson 145 ) . We will write a custom essay sample on Low Voter Turnout Essay Research Paper There or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page The acceptance of the Australian ballot reduced the high sum of deceitful vote. The Australian ballot is a ballot printed by the authorities alternatively of by the parties and electors are allowed to project their ballot in secret instead than in public as they were one time made to make. This presented a more accurate elector turnout per centum. Voter enrollment ordinances besides became stricter, extinguishing the big figure of foreigners from vote and cutting back on the figure of inkinesss and transients who voted. The alterations reduced non merely deceitful vote, but besides vote in general. This is due to the fact that it became more hard for electors with small instruction or who had late moved to register and vote. Single-member territories besides discouraged electors ( Wilson 145 ) . In other states, vote is more of import because the authoritiess there play a larger function in the lives of its citizens. Political parties in foreign states mobilize electors and are able to acquire them to the polls really expeditiously. The elector turnout in other states, such as Europe and Australia, is higher because in Europe citizens are automatically registered and in Australia they are required to vote. If one does non vote in Australia they are fined. In some states, voting twenty-four hours is even a vacation ( Wilson 145 ) . Some people argue that lower elector turnout is non needfully bad. It could intend the people are satisfied with the present province of the authorities. It may besides be better because the figure of educated ballots being dramatis personae is higher due to the fact that extremely educated people tend to vote more often. There are many stairss that could be taken to increase elector turnout in the United States. One method is to alter single-member territories to relative representation. This manner, seats would be given harmonizing to the figure of ballots the individual receives from the electors. Hopefully this would do electors experience as if their ballot mattered and they would be more inclined to vote. A 2nd suggestion is to do vote compulsory, as it is in Australia. If people knew that they would be required to pay a all right if they did non vote, possibly they would be more inclined to make so. Therefore, the elector turnout would lift ( Wilson 147 ) . The 3rd suggestion is to put more significance on the vote procedure by doing voting twenty-four hours a vacation. This would extinguish the fuss of American citizens holding to do clip to vote and travel rapidlying back from work to their territory to make so. If there were nil to make on voting twenty-four hours but ballot, more citizens would be given to make so. A 4th suggestion is to copy the European system and have enrollment become automatic. In Europe, the authorities registers its citizens so that they do non hold to and every grownup citizen is automatically registered. To many American citizens, enrollment is a fuss. Americans have to larn how to register and when they must make so, they besides have to get a enrollment signifier and when they finish make fulling it out, manus present it to the registrar. When an American citizen moves to a new province they must travel through this procedure all over once more. By following the European system, the hope is that more citizens will travel to the booths on voting twenty-four hours if that is all they are required to d O ( Wilson 146-147 ) . The fifth and last suggestion is to increase the function that the federal authorities dramas in the lives of its citizens. If authorities becomes more of import to its citizens, the citizens will desire to vote to guarantee that the individual they want is voted into office and the issues that are of import to them are being dealt with. The parties and campaigners themselves could increase elector turnout if they interacted with the electors more and tried to actuate them. Citizens are more likely to vote if they feel they know the campaigner they are voting for and that that individual cares what they think and about how they feel ( Wilson 147 ) . Congress has already set plans into consequence in order to better elector turnout. One such illustration is the motor-voter measure. The motor-voter measure requires provinces to let people to register to vote when they apply for their driver s licence, to register at assorted province offices, and besides by mail. Plans like these make it easier for Americans to register and in turn ballot. Congress is confident that by seting plans similar to this into consequence, the elector turnout will lift ( Wilson 147-148 ) . In my sentiment, the fact that elector turnout is so low does non needfully hold to be viewed as a bad thing. It could intend that citizens are satisfied with their authorities in its present province and besides that more educated ballots are being cast. If vote was made compulsory so there would be a batch of uneducated citizens vote, citizens who had no thought who they were voting for or what they stood for and were merely voting because they were being forced to. It puts the authorities at hazard for unfit campaigners being elected to office and holding unwise policies placed into consequence. There is besides the statement that the diminution in elector turnout is more evident than it is existent. The present twenty-four hours elector turnout is non that much lower than it would hold been without deceitful vote. Until the early 20th century, elector fraud, such as ballot-box dressing and intimidating electors, was really common. The Australian ballot reduced this. With the riddance of deceitful vote and foreign vote, we now have a true estimation of the elector turnout, most likely what it would hold been before the Progressive motion if the ballots had been lawfully cast and candidly counted. Besides, if you compare democratic states in footings of what per centum of their registered electors cast ballots so the United States elector turnout is non that low, it is really approximately 87 % in a presidential election ( Wilson 145 ) . In the terminal, we can make things to do the vote procedure easier, but that does non needfully intend the elector turnout will increase. Each American citizen makes his or her ain pick whether or non to vote. It would be impossible for the authorities or any other establishment to act upon everyone or do vote easier for everyone. If American citizens were forced to vote, it would be conflicting on their rights of freedom of address granted in the measure of rights. I believe that the diminution in elector turnout is non a true crisis. It does non harm the authorities in any manner or do any jobs. Nor does low elector turnouts offend any basic rules or manifest any societal illnesss ( Diclerico and Hammock 66-67 ) . The lone thing low elector turnout does make, is make Americans appear lazy and unappreciative in the eyes of other democratic states that have high elector turnout. However, since when has the United States of all time been genuinely concerned with the sentiments of other states? Never is the reply, so why should we get down now? My decision is that we shouldn t. We can do alterations in the system and integrate new plans, but nil will alter until American citizens themselves decide that low elector turnout is a job and that it needs to be remedied. Plants Cited Diclerico, Robert E. and Allan S. Hammock. Points of Position: Readings in American Government and Politics. 7th erectile dysfunction. Boston: The McGraw-Hill Companies, Inc. , 1998. Wilson, James Q. American Government Brief Version. 4th erectile dysfunction. Boston: Houghton Mifflin Company, 1997.