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Monday, May 22, 2017

Discuss the following principles enunciated by Henri Fayol.

Discuss the following principles enunciated by Henri Fayol
(i)       Division of Labor
(ii)     Unity of Direction
(iii)    Discipline
(iv)    Order
(Exam-JAIBB, Organization and Management, June, 2014)
Henri Fayol (1841-1925) was a French management theorist whose theories in management and organization of labor were widely influential in the beginning of
20th century. He was a mining engineer who worked for a French mining company Commentry – Fourchamboult - Decazeville, first as an engineer, then moved into general management and Managing Director from 1888 to 1918.
During his tenure as MD he wrote various articles on administration and in 1916
The Bulletin de la Société de l’ Industrie Minérale, printed his Administration, Industrielleet Générale – Prévoyance, Ogranisation, Commandement, Coordination, Contrôle.
In 1949 the first English translation appeared and titled 'General and Industrial Management' by Constance Storrs.
The principles enunciated by Henri Fayol are asked to discuss, discussed below-
Division of Labor
• Specialization of jobs.
• Work of all kinds must be divided & subdivided and allotted to various persons according to their expertise in a particular area.
• Subdivision of work makes it simpler and results in efficiency.
• It also helps the individual in acquiring speed, accuracy in his performance and familiarity of job.
Unity of Direction
• Fayol advocates one head one plan- there should be one plan for a group of activities having similar objectives.
•Related activities should be grouped together.
•There should be one plan of action for them and they should be under the charge of a particular manager.
• Efforts of all the members of the organization should be directed towards common goal.
• Without unity of direction, unity of action cannot be achieved.
• Unity of command is not possible without unity of direction.
• A place for everything and everything in its place.
• Proper & systematic arrangement of things and people.
• Arrangement of things is called material order and placement of people is called social order.
• Material order-There should be safe, appropriate and specific place for every article and every place to be effectively used for specific activity and commodity.
•Social order- Selection and appointment of most suitable person on the suitable job.
•There should be a specific place for every one and everyone should have a specific place so that they can easily be contacted whenever need arises.
• A place for everything and everything in its place.
• Proper & systematic arrangement of things and people.
• Arrangement of things is called material order and placement of people is called social order.
• According to Fayol- “Discipline means sincerity, obedience, respect of authority & observance of rules and regulations of the enterprise”.
• Outward marks of respect.
• This principle applies that subordinate should respect their superiors and obey their order.
• It is an important requisite for smooth running of the enterprise.
• Discipline is not only required on path of subordinates but also on the part of management.
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Wednesday, May 10, 2017

Mention the benefits of Virtual Organizations

Some benefits of Virtual Organizations include in the following:

1. Save time, such as time to market and reducing development process.
2. Spreading costs and risks with partners.
3. Improving quality factors such as performance and flexibility, exchange and  share knowledge, and marketing in high scale (global networks).
4. Matching VOs with dynamic changes in marketing.
5. Access to new technology and new customers.
6. Access to new markets through partnership.
7. Improving access to financial resources.

In most cases a mixture of these will be the driver for operating and doing business in networks.
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Tuesday, April 25, 2017

Short Notes on Inclusive Banking

Inclusive banking is an attempt aimed at taking the banking services to customers who hitherto did not benefit from banking system as a whole and were dependent on non-banking and non-formal financing options. In other words, inclusive banking means helping those who are excluded from the financial system to join and benefit from it. In this case banks are dedicated accounts for people on low incomes across several areas of the country.
In Bangladesh, government’s programs and policies seek to accelerate inclusive economic growth, focusing public expenditure outlays in developing the social and physical infrastructure, crowding in private investments in output activities. The government’s inclusive growth efforts are being supported by Bangladesh Bank’s (BB’s) financial inclusion drive engaging banks in reaching out with credit and other financial services to productive pursuits in under-served areas like small landholder/tenant farming, SMEs, renewable energy and other environmentally benign ventures. To facilitate cost effective reach out by banks to these newer client segments, branch based financial service delivery is being supplemented by mobile phone/smart card based remote delivery, as also by on-lending /co-financing partnerships of banks with locally active regulated Micro Finance Institutions (MFIs).
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Sunday, April 23, 2017

Short Notes on zero-interest-earning note

A zero-interest-earning note is issued for cash. The amount of cash (the present value) is less than the face value (the future value) of the note. The difference between the face value and the cash is the discount which reflects the interest that will be amortized over the life of the note. 
In other Sense, A non interest-bearing note or zero-interest-earning note is a note or bond with no stated interest rate on its face. Contrary to the name, non interest-bearing notes do actually pay interest. The interest is implied in the face value of the note.
A non interest-bearing note or zero-interest-earning note works the same way a discounted bond works. The note is issued for a lessor amount than the face value. After the note matures the entire face value is repaid. It might be easier to look at an example.
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Thursday, April 20, 2017

Short Notes on Specialized Banks

Specialized Banks are banks which concentrate mainly on financing specialized economic and social activities. Specialized activities may be small and cottage industries financing. Financing the rural asset less and landless people etc. Follqwing banks are the Specialized Banks which operate in Bangladesh-
  1. Bangladesh Krishi Bank
  2. Bangladesh Samabaya Bank Ltd
  3. Rajshahi Krishi Unnayan Bank (RAKUB)
  4. Ansar-VDP Unnayan Bank
  5. Karmashangosthan Bank
  6. Probashi Kollyan Bank
  7. Palli Sanchay Bank
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What is Ethics of Management? Mention the ethical activities of a manager.

‘Management Ethics’ is related to social responsiveness of a firm. It is “the discipline dealing with what is good and bad, or right and wrong, or with moral duty and obligation. It is a standard of behavior that guides individual managers in their works”.

Amongst a host of ethical activities that managers can perform, a study conducted by Barry Posner and Warren Schmidt highlights the following ethical activities observed by managers: 

1. The foremost goal of managers is to make their organizations effective.
2. Profit maximization and stakeholders’ interests were not the central goals of the managers studied.
3. Attending to customers was seen as important.
4. Integrity was the characteristic most highly rated by managers at all levels.
5. Pressure to conform to organizational standards was seen as high.
6. Spouses are important in helping their mates grapple with ethical dilemmas.
7. Most managers seek the advice of others in handling ethical dilemmas.
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Short Notes on Agreement vs Contract/ Differences between Agreement and Contract

An agreement is any understanding or arrangement reached between two or more parties. On the other hand a contract is a specific type of agreement that, by its terms and elements, is legally binding and enforceable in a court of law. 


There are some basic differences between them. The main differences are-
Point of Differences
An arrangement (usually informal) between two or more parties that is not enforceable by law.
A formal arrangement between two or more party that, by its terms and elements, is enforceable by law.
Mutual acceptance by both (or all) parties involved.
Validity based on
Mutual acceptance by both (or all) parties involved.
Need to be in writing?
No, except for some specific kinds of contracts, such as those involving land or which cannot be completed within one year.
Consideration required
An agreement that lacks any of the required elements of a contract has no legal effect.
Legal effect
A contract is legally binding and its terms may be enforceable in a court of law.
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Monday, April 3, 2017

85th Banking Diploma Exam Routine June, 2017

The Institute of Bankers, Bangladesh has published the 85th Banking Diploma Exam Routine June, 2017 which will be held on May from 09-06-2016 to 07-07-2017. The Exam will be held on different district exam centers along with Dhaka of whole Bangladesh. Few days ago the 84th Banking Diploma BD December  2016 Result has been published. The last date of submitting Diploma Exam entry form is April 14, 2017. 

The Routine has been given below. Please note down the IBB Exam Routine.

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85th Banking Diploma Examination June 2017 notice

The Institute of Bankers, Bangladesh (IBB) has been published the 83rd Banking Diploma Examination June 2017 notice. The examination will be held from 09-06-2016 to 07-07-2017. The detailed form fill-up procedure of JAIBB and DAIBB examination has described in that notice. The candidate does not collect printed form to appear JAIBB or DAIBB Banking Diploma Examination. The candidate has to print the form from the website of The Institute of Bankers, Bangladesh (IBB).

The details notice is-

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Wednesday, March 8, 2017

84th Banking Diploma Examination, December 2016 Result

84th Banking Diploma Examination, December 2016 Result will be published soon. The Institute of Bankers Bangladesh will publishes the JAIBB and DAIBB exam’s result at March, 2017.  The 84th JAIBB and DAIBB Banking Diploma Examination was held in 23rd December 2015 to 13th January 2017.
The details result will published here

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Friday, February 24, 2017

Merit Rating (OM Short Notes, JAIBB Exam-May-2016)

The success of human resources management very much depends on the strict adherence to the scientific techniques of manpower planning, job evaluation, merit rating etc.
The performance appraisal or merit rating is the systematic and pre-planned process of determining how well an employee does his job as compared to a set of standard. It is necessary that such evaluation and assessment of the performance capabilities, competence and merit of the employee is made from time to time. The merit rating studies and surveys assist in an in depth and analytical enquiry, investigation and measurement of the worth of the individual employees and their contribution in the job and the organization. On the basis of the quantification of various qualitative attributes or factors which reveal the capability of an employee to produce in terms of quantity, quality, saving of time and cost in performing the given operations the merit rating of the employee is made which provides requisite knowledge as to what he is, how does he do his job and how much potentiality does he possess.
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Wednesday, December 21, 2016

ব্যাস্টিক অর্থনীতি কাকে বলে?

ব্যাস্টিক অর্থনীতি মুলতঃ ব্যক্তি এবং ফার্ম এর অর্থনৈতিক আচরণ নিয়ে এবং তাদের পারস্পরিক সম্পর্ক বাজার, বিরাজমান দুস্প্র্রাপ্যতা ও সরকারি নিয়মাবলির মাধ্যমে বিশ্লেষণ করে। ব্যাস্টিক অর্থনীতি হচ্ছে অর্থনীতির একটি শাখা যা ব্যক্তি, পরিবার ও ফার্ম কিভাবে বাজারে তাদের বণ্টনকৃত সীমিত সম্পদ নিয়ে সিদ্ধান্ত গ্রহণ করে তা নিয়ে আলোচনা করে। বাজার বলতে এখানে দ্রব্য অথবা সেবাসমূহকে বোঝায় যা কেনা-বেচা করা হয়। দ্রব্য অথবা সেবাসমূহের চাহিদা ও যোগান এইসব সিদ্ধান্ত ও আচরণের উপর কী-ভাবে প্রভাব ফেলে ব্যাস্টিক অর্থনীতি তা নিরীক্ষা করে। বাজারে অবশ্যই একটি দ্রব্য বিদ্যমান থাকবে। এই তত্ত্বে প্রতিটি উপাদানকে ক্রেতা সামগ্রিক চাহিদার পরিমাণকে বিবেচনা করে এবং বিক্রেতা সামগ্রিক যোগানের পরিমাণকে বিবেচনা করে। দাম ও চাহিদার উপর ভিত্তি করে বাজার ভারসাম্যে পৌছে। বৃহৎ দৃষ্টিতে একে চাহিদা এবং যোগানের বিশ্লেষণ বলা হয়। বাজার কাঠামো যেমন পূর্ণ প্রতিযোগিতা এবং একচেটিয়া বাজার আচরণ ও অর্থনৈতিক ইফিসিয়েন্সি এর জন্য বাধাস্বরূপ।সাধারণ অণুমিত শর্ত থেকে যখন বিশ্লেষণ আরম্ভ হয় এবং বাজারের আন্যান্য আচরণ অপরিবর্তিত থাকে, তাকে আংশিক ভারসাম্য বিশ্লেষণ বলা হয়। সাধারণ ভারসাম্য তত্ত্বে বিভিন্ন বাজারের পরিবর্তন এবং সকল বাজারের সামগ্রিক পরিবর্তন এবং ভারসাম্যের বিপরীতে তাদের গতিবিধি ও আন্তঃসম্পর্ক বিবেচনা করা হয়।
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Sunday, September 25, 2016

ব্যাংকার জীবন নিয়ে একটি কবিতা

জাকিরুল হক তালুকদার

হয়তোবা জীবনের কোন এক ধাপে
জড়িয়েছি নিষ্ঠুর কোন এক পাপে
তা না হলে করি কেন ব্যাংক এর জব
হারিয়েছি শখ-স্বাদ যৌবন সব?

অন্যের টাকা কড়ি দিন রাত গুনি
নিজ ঘরে সুখ নেই হাহাকার শুনি
নিজ বুকে যত ব্যথা যত থাক দুঃখ
হাসি হাসি মুখ নিয়ে সেবাটাই মুখ্য।

বউ আর ছেলে মেয়ে ঘরে আছে তবু
তাদের খবর নেয়া হয়নাতো কভূ
খাবারের সময়টা দুপুরেতে লেখা
দিন শেষে লাঞ্চ করি আমি একা একা।

কাজ বেশি ব্যস্ততা দেয়নাতো ছাড়
বাঁচা - মরার খবর কেবা রাখে কার
দুপুরের সুর্যটা হয়নাতো দেখা
মনে বড় কষ্ট চোখে বলি রেখা।

উপরের নির্দেশ, উপরের মন্ত্রে
হাত- চোখ পড়ে থাকে গণনার যন্ত্রে
নই কেউ মেশিন আর নই কোন যন্তর
আমাদেরও আছে বাবা ছোট এক অন্তর।

তবু যদি হয় ভুল কোন এক কাজে
শাস্তিটা পেতে হয় খুব বেশী বাজে
গ্রাহকের চোখ লাল, বস এর ঝাড়ি
মন চায় চাকরীটা ছেড়ে চলি বাড়ি।

হয়তোবা মাস শেষে বেতনটা ঢের আনি
পেশাটা আবার বলি ব্যাংকের কেরানী

এর চেয়ে ঢের ভালো দালালীটা করা
প্রতিদিন একখান মক্কেল ধরা।
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