management structure of beximco ltd

Executive Summary

The report is based on Management practice At Beximco Ltd: A Review of strategic Management’. The purpose of this report is to understand how the management function of each of the sister concern of Beximco Limited are being determined and to identify the responsibility of each level managers to reach to the goal. The history of the company dates back to the early 70s. Since the very beginning, the company was highly successful in generating increased demand for its products which eventually justified local production. With the passage of time it has launched several companies, such as: Textile, pharmaceuticals, ceramics, media, ICT, marine, Aviation and energy. Beximco follow a linear management structure for all of its concern. Each and every sister concern has its own MD. The company is operating through a well defined management structure headed by a Managing Director (MD) under whom there are senior managers for various departments and according to hierarchy, various senior and mid level management staffs. The Managing Director and the senior management at regular interval represented also administration, finance, marketing, and production head. That’s how Beximco Limited Company performs their managerial function.

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1. Introduction Part :

Origin of the Report

As we are the students of 12th semester of BBA program of East West University have to undertake MGT-480 (Strategic Management) as a requirement of academic curriculum. As the classroom discussion alone cannot make students to know about the real life situation, therefore it is an opportunity for the students to know about the practical environment of the real business world through this program. The student is then required to carry out an extensive analysis of real world business problem and thereby prepare a report on the solution to the problem. In relation to that we have been assigned a report on “Beximco Ltd”.

Objective of the ReportThe objective of the report is classified into two sections:1. Primary objective: The academic objective of this report is to fulfill a partial requirement of BBA program.2. Secondary objective: To gather knowledge about the origin of Beximco Ltd. To gather knowledge about the time-line and sister concerns of Beximco Ltd. To gather some practical knowledge about Beximco Ltd. and its management system.

ScopeDuring these three months period, we worked at the Accounts Department. So, we acquired knowledge in these departments and my report is based on especially in Management System. The report covered organizational overview, management and organizational structure and overall Management System of Beximco Limited. Here the scope is as follows:

Theoretical aspects of management structure, Corporate profile of the sister concern.

MethodologyThe methodology followed in this report is as under:

To find out and to understand the indicators that reveal an organization’s performance in the market and how they can also be used as tools for a pre signaling systems

To make comments on the overall findings of the report that the company, if required could resort to mitigate its inefficiencies.

In order to make the report more meaningful and presentable the report is based on two sources of data and information;

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The primary Sources of data and information’s are; Face to face conversation with the respective officers of the organization, Relevant file study as provided by the officers concerned.

The Secondary Sources are as bellow; Annual Report, and other records of the company Internet also used as a theoretical source of information.

LimitationsDespite the diligent efforts that have given in preparation of this report, we have only succeeded to skin the surface of the ocean of the subject. Therefore the views expressed in this report are likely to be limited by the lack of extensive knowledge and understanding. We have got just the overall idea about the Beximco Ltd and its sister concerns. We couldn’t get access to all the departments. The followings are the limitations that we have faced during the report:

Restriction on internal information availability by the authority of Beximco Ltd, The data that seems insufficient may be suffering from lack of reliability to some extent, Besides these there were some confidential areas that were not provided to us by the

organization, Lack of adequate relevant formal report work on Beximco Ltd Our lack of experience also hampered a lot.

2. Organization Part

History of BEXIMCO

Since independence Bangladesh has come a long way, and the Beximco Group of Companies is honored to have had a role in the development of its parent nation. The Group has worked with a simple philosophy; identify an important need and then do everything possible to successfully satiate that need, in a manner which best facilitates the well being of the nation. As a result Beximco has focused on those industries which give Bangladesh a competitive advantage in the global market place in many cases creating the industries for the first time in the region. Throughout its four and a half decade journey the Group has been one of the leading innovators in the country.

Presently Beximco Group comprises twenty one companies of which five are listed with the Dhaka Stock Exchange employing over 35,000 personnel and is the largest private sector industrial conglomerate in the nation. . In the course of its growth, it has created industrial and management capabilities that will serve the country for generations to come. It was the first local conglomerate to embrace an international corporate structure which is the foundation of its success. BEXIMCO's industrial businesses include jute, textiles, basic chemicals, pharmaceuticals, and ceramics. BEXIMCO's non-industrial undertakings are focused on real

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estate and construction, engineering, media, information technology, trading and financial services.

It is the creation and expansion of businesses critical to Bangladesh’s development, businesses, which are developed and run by Bangladeshis, businesses that develop technologies and practices specific to the needs of the country, which is the defining characteristic of the BEXIMCO story.

Vision and Mission of BEXIMCO Group

Vision - “If there is one characteristic that has typified the Beximco approach it is Vision to be the best of our nature and human resources. A vision to establish our group and country as respected and valued regional presence”.

Mission - “Each of our activities must benefit and add value to the common wealth of our society. We firmly believe that, in the final analysis we are accountable to each of the constituents with whom we interact, namely: our employees, our customers, our business associates, our fellow citizens and share holders”.

Beximco Corporate ProfileSince independence Bangladesh has come a long way, and the Beximco Group of Companies is honored to have had a role in the development of its parent nation. The Group has worked with a simple philosophy; identify an important need and then do everything possible to successfully satiate that need, in a manner which best facilitates the well being of the nation. As a result Beximco has focused on those industries which give Bangladesh a competitive advantage in the global market place in many cases creating the industries for the first time in the region. Throughout its four and a half decade journey the Group has been one of the leading innovators in the country.

Presently Beximco Group comprises twenty one companies of which five are listed with the Dhaka Stock Exchange employing over 35,000 personnel and is the largest private sector industrial conglomerate in the nation. . In the course of its growth, it has created industrial and management capabilities that will serve the country for generations to come. It was the first local conglomerate to embrace an international corporate structure which is the foundation of its success. BEXIMCO's industrial businesses include jute, textiles, basic chemicals, pharmaceuticals, and ceramics. BEXIMCO's non-industrial undertakings are focused on real estate and construction, engineering, media, information technology, trading and financial services.

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It is the creation and expansion of businesses critical to Bangladesh’s development, businesses, which are developed and run by Bangladeshis, businesses that develop technologies and practices specific to the needs of the country, which is the defining characteristic of the BEXIMCO story.

Figure 01: Corporate Structure

The side branches are the divisions. The segments at the bottom of the tree are not considered, as division rather exists at their names.

The number of companies in each division is different. The companies of Beximco group in relation to division have been elaborated as follows:

LIST OF MAJOR COMPANIES INCLUDED IN BEXIMCO GROUP

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Division Company Year Of EstablishmentTextile Division Padma Textile Mills Ltd. 1990,1992,1995

Beximco Synthetics Ltd. 1992Beximco Apparels Ltd. 1985Beximco Knitting Ltd. 1996Beximco Textiles Ltd. 1996Beximco Denims Ltd. 1996Beximco Fashions Ltd. 1998Beximco Fabrics Ltd. 1998

Chemical Division Beximco Pharmaceuticals Ltd. 1979Beximco Infusions Ltd. 1991Pharmatek chemicals Ltd. 1980I&I Services Ltd. 1970

Real state & Construction Division Beximco Engineering Ltd. 1970Shinepukur Holdings Ltd. 1979

Trading Division Bangladesh Export Import Ltd. 1972Beximco Holdings Ltd. 1976

Jute Division New Dacca Industries Ltd. 1965Sonali Ansh Ltd. 1972Esses Exporters Ltd. 1972

Marine Food Division Beximco Foods Ltd. 1978Beximco Fisheries Ltd. 1980

Media Division Beximco Media Ltd. 2010Information Technology Division Beximco Softech Ltd. 2004

Beximco Systems Ltd. 2004Beximco Computers Ltd. 1984Bangladesh Online Ltd. 1998

Others Shinepukur Ceramics 1999GMG Airlines 1997

Time Line of BEXIMCO Group:

1976 Registration of the company.

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1980 Started manufacturing and marketing of licensee products of Bayer AG of Germany and Upjohn Inc. of USA.

1985 Listing in the Dhaka Stock Exchange as a Public Limited Company.

1990 Commissioning of Basic Chemical Unit.

1992 Started export operation with Active Pharmaceutical Ingredients (APIs).

1993 First export market operation with finished pharmaceutical products.

1994-1995 Achievement of National Export Trophy (Gold) as the first pharmaceutical company of the country.

1996 Introduction of sustained release dosage form in the market.

1997 Commissioning of Metered Dose Inhaler (MDI) plant and introduction of suppository dosage form.

1998 Introduction of Metered Dose Nasal Spray.

1999 UNICEF approval of BPL as an enlisted supplier.

2000 Agreement to manufacture Metered Dose Inhaler (MDI) for GlaxoSmithKline.

2001 Introduction of Small Volume Parenteral (SVP) products; Establishment of Analgesic-Anti-inflammatory bulk drug plant.

2002 Won the first prize of ICAB National Awards 2000 for 'Best Published Accounts and Reports' in Non-Financial Sector Category; The first Bangladeshi company to supply pharmaceuticals to Raffles Hospital the most prestigious hospital of Singapore.

2003 Received ‘National Export trophy (Gold)” for consecutive 2 years (1998-99, 1999-2000).Won the Silver prize of ICAB National Awards

2003 for ‘Best Published Accounts and Reports' in Non-Financial SectorCategory. Won a tender to supply Neoceptin R and Neofloxin to RafflesHospital of Singapore for the whole year’s consumption. Introduced Anti-HIV Drugs for the first time in Bangladesh. Diversification into Anti-Cancer therapeutic class.

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2004 Signed contract with Novartis to manufacture their liquid, cream, ointment and suppository products under “Toll Manufacturing” agreement Visit of Saudi Delegates Headed by Hon’ble Health Minister, Kingdom of Saudi Arabia.

2005 Merger of Beximco Infusions Ltd. with Beximco Pharmaceuticals Ltd. Admission to Alternative Investment Market (AIM) of London Stock Exchange (LSE).

2008 Merged with Shinepukur Holdings Limited & Beximco Fisheries Limited.

2009 Direct listing of its subsidiary Shinepukur Ceramics Ltd. By selling part of Beximco Ltd’s ownership shares to public through Stock Exchanges in Bangladesh.

3. Corporate Profile of Companies :

Beximco TextileCorporate profileCorporate Profile:

"Beximco Textile is one of the largest vertically integrated textile and garment companies in South Asia with in-house analytical and creative abilities"

The teams of Beximco based in Bangladesh and Spain has developed in-house design capabilities over the years. Moreover it has partnered with some of the world’s renowned design institutes, including Fashion Institute of Technology, Parsons, London School of Fashions, NIFT and NID, for access to talented designers. Through a continuous dialogue The Group has built strong working relationships with its core clients. The Group's technology partners include Invista, Huntsman, CHT, Rudof and Clariant. Key clients include American Eagle, Arcadia Group, Calvin Klein, H&M, JC Penney, Macy's, Tommy Hilfiger, Warnaco and Zara. Capacity additions can help to expand the textiles business which is planned by the Group. Post expansion, the annual capacity of knit fabric from11 million lbs currently is expected to increase to 80 million lbs and the annual capacity of apparel knits from20 million pieces currently is expected to reach 145 million pieces.

On 8 March 1994 Bextex Ltd. (the "Company") was incorporated in Bangladesh as a Public Limited Company with limited liability and in 1995 it commenced business operation, went into the public issue of shares and debentures. The Company’s shares are listed in the Dhaka and Chittagong Stock Exchanges of Bangladesh.

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Bextex Ltd. is the most modern amalgamated mill in the region. Per day, in its weaving section and a high-tech dyeing Bextex Ltd. has an installed capacity of 288 high-speed air-jet looms and with a capacity of 100,000 yards of finished fabric in finishing section . The location of the company is Beximco Industrial Park.

Bextex Ltd. also has cotton and polyester blended yarn-spinning mill, which is one of the largest spinning mills of the country with 122,000 spindles. The ultimate goal to set up the mill was to feed the country's export oriented industries.

Vision: BEXTEX Ltd. is a full service vendor with strong vertically integrated production facilities as well as creative & analytical capabilities which clearly sets us apart from most other South Asian vendors. Mission: • Gain market leadership in high value added apparel in USA & Europe . • Use “Innovation” & “Speed” as prime drivers, rather than cotton & cheap labor. • Dominate these markets in high quality:

Men's, Women's , Children Shirts ( Dress & Casual ) Blouses ( formal & casual ) , Skirts, Jackets Jeans & Casual non - denim bottoms Knitted tops & bottoms

Beximco Jute Division

Corporate Profile: Beximco Jute Division, BJD, started its journey in March 1965, when New Dacca Industries Ltd. was set up by late Fazlur Rahman . Because of its quality, Beximco is specializing itself to produce the finest quality of natural yarn made from jute. BJD understand what actually the clients want, which makes products and services are incomparable with others through their four decades of experience.

Today Beximco Jute Division is comprised of three companies with total annual turnover of over US$20 million. In 1972 New Dacca Industries Ltd. was nationalized when its production

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capacity was 6MT/day. ) For procuring, baling, and exporting raw jute and jute goods third party source Sonali Ansh Ltd and Esses Exporters Ltd were set up in 1972.

Mission:Each of our activities must benefit and add value to the common wealth of our society. We firmly believe that in the final analysis we are accountable to each of the constituents with whom we interact; namely, our employees, our customers, our business associates, our fellow citizens, and our shareholders.

Pharmaceuticals

Corporate Profile: "BEXIMCO PHARMA exports their product in45 countries, which is one of the largest exporters of pharmaceuticals in Bangladesh."

Generic pharmaceutical formulation products, active pharmaceutical ingredients (API) and intravenous (IV) fluids are manufactured and sold by BEXIMCO. The Group’s product portfolio includes a variety of therapeutic areas, such as analgesics, antibiotics, cardiovascular, central nervous system, dermatology, gastroenterology and respiratory. Global pharmaceutical firms has signed contract with BEXIMCO PHARMA about manufacturing agreements. Asthma Drug Facility, GlaxoSmithKline, Raffles Hospital, UNICEF and UNESCO are the selected customers.

By expansion of manufacturing of the inhalers, eye drops and sprays can add some additional value to the group. Middle East, European Union, Latin America, USA, Australia and New Zealand are the targeted global expansion areas.

Vision: “If there is one characteristic that has typified the BEXIMCO approach, it is the Vision to be the best of our nature and human resource; a vision to establish our group and country as a respected and valued regional presence.”

Mission: “Each of our activities must benefit and add value to the common wealth of our society. We firmly believe that, in the final analysis we are accountable to each of the constituents with whom we interact, namely: our employees, our customers, our business associates, our fellow citizens and our shareholders.”

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Shinepukur Ceramics

Corporate Profile: "The Group is the largest ceramics exporter in Bangladesh"

High quality porcelain (15 MT per day) and bone china (3 MT per day) tableware are produced by BEXIMCO. The Group also plans to expand bone china capacity by 4.5 MT per day. State of the art testing and quality control laboratory facilities, decal plant, carton packaging plant, modeling unit and a gas based captive power plant, and the best effluent discharge mechanisms those are included in the manufacturing facilities. Selected clients include Libbey, Porsgrund, Portmeirion, Royal Doulton, Richard Ginori, Villeroy & Boch and Wedgewood.

Iin 1997 Shinepukur Ceramics has been registered in Bangladesh and in 1998 the Plants were commissioned. Commercial production of Porcelain Tableware and Bone China started respectively in April 1999 and in November 1999. SCL is located near Dhaka Export Processing Zone (DEPZ), 40 Km from Capital Dhaka City, in the BEXIMCO Industrial Park , where captive power generation, water supply, effluent waste water treatment and all other infra structural facilities are available. The Company is in excess of US$ 35 Million from its total investment. It has already made additional Investment of US$ 10 Million of Investment to enlarge its Bone China Unit.

Beximco Engineering

Corporate Profile:

“In Bangladesh Beximco Engineering Ltd is one of the leading real estate developers with a large, high quality land bank in and around Dhaka"

Comparing to the rapidly changing technology Beximco Group and uniquely serving the needs of the construction industry in a world. BEL is the result of the long process of organizational development that started in the 70’s. Along with the specialized engineering and management unit, it is started within the Beximco Group. In 1984 It was created as an independent Company

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because of the work load increased to a level beyond the capacity of a small team. The core of the Company formed with an experienced team of engineers and key management people.

Bangladesh Online Limited

Corporate Background:

Keeping the customers in the information super highway with the fastest access to the net is the sole aim of Bangladesh online. By using the latest technology available now BOL is one of the successful Internet Service providers of the country.

BOL is committed to provide their customers with fast and easy access to the Internet. They are concern to improve and upgrade its services to the highest international standard. Every customer should be 100% satisfied with BOL's service quality is the commitment of the management of BOL. BOL commitment is illustrate by "The Beximco Way" a core values statement which highlights the importance of Customer and Market Focus, High Performance, Integrity and Respect, Spirit, Collaboration and People Development. To foster The Beximco way BOL is committed to provide a work environment for our employees because employees are the key to living these values. BOL are extremely proud of their employees, who are serious about their responsibility to embody these values in their relationships with each other and with their customers, suppliers and community.

Mission

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Each of our activities must benefit and add value to the common wealth of our society. We firmly believe that, in the final analysis we are accountable to each of the constituents with whom we interact; namely: our employees, our customers and our fellow citizens.

VisionBOL is the leader in providing internet services, software & systems integration services. We ensure that our customers are successful by understanding and being responsive to their needs, as well as working collaboratively with them to provide one-stop faster, cost-competitive and scalable services that create competitive advantages in the world of electronic communication.

Media:

Corporate Profile:

Independent Television & The Independent

Independent Television -a 24 hr TV news channel is owned by the Group. A full spectrum of news and analysis are presented by this news channel to its viewers. World class standards are set in the Bangladesh broadcasting industry by the group. They try to make it different from others to carry news, break news and make news through investigative reporting.. Technologically superior at home and in South Asia, the channel will be a hub of journalistic professionals.

Mission:Independent Television seeks to be Bangladesh’s number one 24-hour news channel, where viewers will find a full spectrum of news and analysis

Vision: Independent Television intends to set the world class standards in Bangladesh's broadcast industry, putting people high on the agenda.

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‘The Independent’ is a leading English language daily newspaper in Bangladesh and the only newspaper to have all 32 color pages. Its weekly supplements include Young and Independent, Faith, The Weekend Independent Magazine and Dhaka Live (daily).

ICT

One of the leading Information Technology (IT) Companies in Bangladesh engaged in Software Development and System Integration, specially Development of Banking Application Software, IT Solution Provider including maintenance of Hardware & Consultancy. Beximco Computers is focused on software design and development specially the banking application software, system integration and software exports. It is the leader in banking software serving over 750 bank branches in Bangladesh.

Corporate Profile:

Beximco Computers Ltd. (BCL) is established in 1983 which is a member company of the BEXIMCO Group, the largest Business conglomerate in Bangladesh and provides a total solution to its customers needs means one of the leaders in the growing IT market.

By our in house software engineers.BCL was initially engaged in the development of various software. BCL involved in consultancy work in the fields of data processing, which includes systems and software designing besides training of personnel. They provide EDP support to all customers under the BEXIMCO Groups and to various other organizations. The competitor undertakes survey and consultancy work in the field of trade and industry because of the large

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and efficient information processing capabilities of BCL. TOTAL CUSTOMER SATISFACTION is the main concern of BCL. Keeping this in mind, BCL has the following customer oriented departments:

Marketing Software Department Marketing Banking System Department

Customer Service Department

Repair & Hardware Maintenance Department

MISSION:

Each of our activities must benefit and add value to the wealth of our society and business organization. We firmly believe that, in the final analysis we are accountable to each of the constituents with whom we interact; namely: our employees, our customers, our business associates, our Shareholders and our fellow citizens.

VISION:To build growing technology oriented enterprise with motivated work force, innovation, strong revenue based product portfolio, customer's satisfaction and understanding of global market. Aviation:

GMG Airlines

Company Profile:

The Group operates the largest private commercial airline in Bangladesh"

In June 2009, The Group made a strategic investment in GMG Airlines to expand its industry reach and capitalize on the growing travel market. Per week, with 10 international and 5 domestic destinations the group operates 234 flights. GMG currently operates a fleet of Boeing 767-300ER, MD 80 (82, 83) and Bombardier Dash 8 aircraft. To introduce new routes and destinations and to become the most preferred airline in the region, the group plans to add more aircrafts in its expanding fleet.

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As part of the new strategy, with a renewed emphasis on on-time performance, reliability, and customer experience, GMG has exited wide body operations, and will be replacing their Boeing 767s with new generation narrow-bodied aircraft. The existing MD 80 aircraft will be removed from the fleet and for some routine periodic maintenance Dash8 aircraft will also be removed from operation for the time being. The airline is also in advanced stages of new routes analysis, new fleet planning and negotiations with lessors and aircraft manufacturers along with the shift from wide body to narrow body operations, as well as of right sizing of its workforce to improve productivity. Mr. Sanjiv Kapoor said, "As we transit to the new strategy, our operations will be temporarily suspended with effect from March 30, as we await the delivery of new generation aircraft, clear legacy issues, execute the rightsizing and organize ourselves better to take up the future challenge".

Bextrade Limited

Company Profile:

In 1993 BEXTRADE Limited started their journey out of Bangladesh and by 1995 in Bangladesh it became as a one of the successful Corporate Travel Agency. It’s an Organization of serving professionally to its customers in the area of Air Travel and Tourism. Despite technological advances and achievements in the travel industry, they recognize that the end product is determined by the people behind the machines. To provide superior service from their competitor BEXTRADE Limited hire only the experienced, high caliber personnel, give them state-of-the-art technology and continuous training. To motivate the customers they provide lowest fare and maintaining deadlines, a choice of tailor made air transportation and as well as tour packages for the specific needs of the customers. Their philosophy is to be in touch with the market at all times and make necessary adjustment ahead of time.

Financial service:

IFIC Bank

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Corporate Profile:

"Successfully partnered with the Government to provide banking and financial services"

The objective of set up of IFIC Bank by the Government in 1976 as a joint venture between the Government of Bangladesh and sponsors in the private sector for working as a finance company within the country and setting up joint venture banks and financial institutions aboard. International Finance Investment and Commerce Bank Limited (IFIC Bank) is banking company incorporated in the People’s Republic of Bangladesh with limited liability. IFIC was converted into a fully fledged commercial bank in 1983 when the Government allowed banks in the private sector. The Government of the People’s Republic of Bangladesh now holds 32.75% of the share capital of the Bank. Directors and Sponsors having vast experience in the field of trade and commerce own 8.62% of the share capital and the rest is held by the general public.

Mission:Their mission is giving quality service to all institution and individuals that they care for with the help of a skilled and dedicated workforce whose creative talents, innovative actions and competitive edge make their position unique. They are committed to the welfare and economic prosperity of the people and the community, for they derive from them their inspiration and drive for onward progress to prosperity.

Beximco Petroleum Limited

Corporate Profile:

"Developing power infrastructure to support Bangladesh's future growth potential"

BEXIMCO expect positive changes to the economy of Bangladesh. This expectation translates into the Group's venture to the energy sector. BEXIMCO is operating its energy venture through Beximco Petroleum Limited and Beximco Power Company Limited.

By processing fuels locally Beximco Petroleum Limited is committed to ensure energy security

to the nation. Its play a crucial role in liquid fuel supply scenario in Bangladesh since 2009. The

company has acquired land at Gajaria, Munshiganj to continue several mega projects on the card.

State-of-the art technology and most modern equipment will occupy for the processing plants

planned. It will bring in a new dawn to the horizon of Petroleum business in Bangladesh.

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Beximco Power Company Limited

Corporate Profile:

Beximco Power Company Limited is venturing into establishing a 540 MW power project in

Bangladesh. This will be the first commercial power plant in this country. In Bangladesh their

power project will cover the way for using imported coal in power generation. For this energy

craving nation this power plant will bring new era to the power generation scenario with state-of-

the art technology and environment friendly plant design.

At Katakhali, Rajshahi Beximco Limited is setting up a 50 MW HFO fired power plant. From

December, 2011 this quick rental power plant is set to start its commercial operation.

4. Management structure:

The board of director of parent company follows same management structure for its entire sister

concern and set vision, mission and objective for them. Each and every sister concern has its own

MD. The company is operating through a well defined management structure headed by a

Managing Director (MD) under whom there are senior managers for various departments and

according to hierarchy, various senior and mid level management staffs. The Managing Director

and the senior management at regular interval represented also administration; finance,

marketing, and production head.MD are responsible to interpret the goals and objective to the

mid level managers. The mid level manages set the operational goals to the functional managers.

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Figure 02: Management Structure

Beximco’s Board of Director consists of 5 directors, one vice chairman & a chairman. This

board of director manages the whole function of the company. An MD is recruited for each of

the sister concern by the board, who are excluded of the board of director. The decision

regarding the group of companies corporate strategies taken by the board. The MD defines the

business level strategies to the each sister concern.

Key Personnel’s of Beximco Group of Companies:

NO Name Designation

01 ASF Rahman Chairman & Managing Director

02 Salman F Rahman Vice-Chairman

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03 Iqbal Ahmed Director

04 M A Qasem Director

05 O K Chowdhury Director

06 Md. Alauddin khan Director

07 Dr. Abdul Alim khan Director

08 Nazmul Hassan Managing Director

09 Rabbur Reza Managing Director

10 Alli Nawaz Managing Director

11 Afsar Uddin Ahmed Managing Director

12 Lutfur Rahman Director, Manufacturing

13 Md. Zakaria Seraj Chowdhury

Director, International Marketing

14 Abdur Rouf Mohammad Zahidur Rahman

Executive Director, Manufacturing

15 Mohammad Tahir Siddique Executive Director, Quality Assurance

16 Shamim Momtaz Executive Director, Manufacturing

17 Jamal Ahmed Choudhury Executive Director, Accounts & Finance

Corporate Level Strategy:In corporate level, the deputy director of Beximco Limited Company interpret overall company mission, vision and objective to the CEO assigned for each of the sister concern to deliver it to the business level unit such as the directors.Business Level Strategy:

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In business level, the CEO of each sister concern interpret company mission, vision and objective to the directors assigned for each of the sister concern to deliver it to the functional level unit. Functional Level Strategy:In functional level, the head of each department of sister concern interpret company mission, vision and objective to the employees assigned to perform to archive ultimate goal. Operational Level Strategy:Different functional departments are interlinked among themselves to mange strategies taken to reach to company’s final destination according to the vision and mission, such as the marketing department with accounting department.

Talent Sharing:

BEXTRADE Limited is a sister concern of BEXIMCO Group – the largest Industrial Conglomerate of Bangladesh. Mr.Mustaque Ahmed, the Managing Director of BEXTRADE Limited is well known in the Aviation, Shipping and Freight Forwarding market in Bangladesh for more than a decade. His experience started with promoting professional Air Cargo services from Bangladesh and received many highest awards by various carriers like Gulf Air, Saudia, British Airways, Emirates, Singapore Airlines, etc. Mr. Ahmed is also the Managing Director of ‘Trade Clippers Cargo Ltd.’(TCCL). TCCL is one of the leading forwarding companies in Bangladesh and also belong to BEXIMCO Group.

5. Conclusion:

In today's complex yet highly competitive business environment management needs quality information for decision making purpose. Beximco believes that quality and control should be ensured and these can be ensured by using proper management structure. If each of the mangers of every sister concern will be able to interpret the mission, vision and objective to their following level the parent company will certainly reach to its ultimate goal. Beximco Ltd is exactly doing so by maintaining a parallel relationship among the sister concern and the parent company. As a result when they are facing any trouble the parent can easily get to know and make advice for the solution of the problem. Profit maximization and conflict management can be ensured by proper strategic management, and they do the best one fit in the context of Bangladesh.

Reference:

1. www.beximco.com2. en.wikipedia.org/wiki/Beximco3. www.beximco-pharma.com/4. www.beximcoltd.com/5. www.cse.com.bd/companyDetails.php?scriptCode=BEXIMCO

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http://www.cse.com.bd/companyDetails.php?scriptCode=BEXIMCO

http://www.beximcoltd.com/

http://www.beximco-pharma.com/

http://www.beximco.com/

6. www.beximcoengineering.com/7. www.beximcojute.com/8. www.yellowretailconcepts.com/9. https://www.google.com/10. http://www.iasplus.com

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https://www.google.com/

http://www.yellowretailconcepts.com/

http://www.beximcojute.com/

http://www.beximcoengineering.com/

management structure of beximco ltd

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