Too defensive!

Md. Abdul Hamid, Assistant Professor, Dept. of Business Administration, Shahjalal University, Sylhet
Precaution is needed for our welfare but if it stops the speed of life, then of course this is not expected. In case of facing the threat of global recession, most of the companies (working in Bangladesh) are doing the same thing. They have been so defensive that already they have stopped new recruitment totally. Moreover, they are cutting jobs of temporary employees on different lame excuses. Recently, the government declared (informally) in the same manner that less efficient ten percent employees will have to say 'good-bye' to their jobs very soon. I personally believe that the companies are being more vigilant than the real situation demands. In Bangladesh there is very little possibility of a great impact of the recession. Because you know, our economy is not credit based liked the western ones. Moreover, Bangladesh produces goods (garments and others) for the consumers who belong to middle or lower income groups. So, the effects will not be so severe that our companies will be unable to survive. In case of a government declaration, there is a reason to be anxious. Because in the government owned organisations it is very difficult to trace out the inefficient workers. On the other hand, the workers are involved in politics. Always they play a significant role of leader or strong supporters of empowered leaders in the organisation. Is it possible for the authorities to kick them out? If you try to do so, finally the organisation may collapse. My request to all the parties concerned: please don't be so self-protective. Try to make the hands active and run the organisations smoothly.