Businesses that do not transform will be extinct, because transformation for business is what adaptive evolution is for species of animals and plants. But it is important to choose the right pace, scale and tools for transformation, otherwise, no matter how much money and time you spend, transformation programs are doomed to failure.
Bangladesh’s success in socio-economic development is being discussed in different forums and many graphs and statistics are being used to support the success story. ESS & Partners picked these three graphs that summarize the success story well.
Reverse factoring can create substantial benefits across the supply chain and can be a better alternative to other working capital management schemes. Suppliers and buyers should make sure, before being engaged in this, that this is consistent with their long-term financial strategies and their back-office functions are efficient enough to get the maximum benefits out of this.
Rising purchasing power, growing participation of women in economic activities and behavioral changes associated with rising purchasing power (e.g. looking for convenience and quality, brand loyalty) suggest a bright future for ‘modern grocery retail’ sector in Bangladesh.
Entrepreneurship is neither concerned with only venture creation nor is it a ‘either-or’ phenomenon. These misconceptions are dangerous in that they may prevent organizations and individuals from utilizing the power of entrepreneurial process. Executives should focus on understanding the behaviors and attitudes underlying the entrepreneurial process and creating an environment where those behaviors and attitudes are encouraged and rewarded.
Most lessees will find that a range of accounting outcomes on transition is possible because of several policy choices permitted in IFRS 16. We suggest that lessees having lease contracts with significant financial impact evaluate all the possible consequences of different transition approaches and then decide what approach best suits them.
Strategic leadership is all about making choices on behalf of an organization and its stakeholders, choices that have significant impact on the organization’s present and future and sometimes on the society’s present and future as well.
IFRS 16 is going to replace IAS 17 Leases and brings in changes in the accounting for leases, particularly for lessees, that is quite different from the accounting for leases we have known and practiced for ages.
BD to emerge as 24th Economy in 2033 Bangladesh is a country with potentials and we have seen these potentials unlocking over the years; World Economic League Table 2019 published by Cebr is a testament to that phenomenon. According to this report, Bangladesh economy, ranked 43rd in 2018, will jump to 24th position in 2033; …
Rupsha Tower (6th floor), Flat # 6A, Road#17, Kamal Ataturk Avenue, Banani, Dhaka 1213, Bangladesh.
