Cost-cutting is everywhere
Friday, 28 August 2009
The situation in most Bangladeshis' households and corporate offices today shows one major action taken - cost-cutting. This action is attributed to the high rates of inflation in Bangladesh as well as the looming global recession.
Inflation is defined as a sustained increase in the general level of prices for goods and services. People are looking for original content in many different places, as are advertisers. This takes us into a whole new ballgame.
A cardinal principle of Total Quality escapes too many managers: you cannot continuously improve interdependent systems and processes until you progressively perfect interdependent, interpersonal relationships.
Balaram Sengupta
Senior Principal Officer,
Southeast Bank Limited
Feni Branch
Balaramsengupta@aol.com
Inflation is defined as a sustained increase in the general level of prices for goods and services. People are looking for original content in many different places, as are advertisers. This takes us into a whole new ballgame.
A cardinal principle of Total Quality escapes too many managers: you cannot continuously improve interdependent systems and processes until you progressively perfect interdependent, interpersonal relationships.
Balaram Sengupta
Senior Principal Officer,
Southeast Bank Limited
Feni Branch
Balaramsengupta@aol.com