Faculties and Departments > BBA Discussion Forum
Cost minimization
papelrezwan:
In the short run "cost minimization" and in the long run "wealth maximization".
shibli:
We see some people are overvalued in some organizations of Bangladesh....people should get the salary and other benefits what they actually deserve as per their skills and the outcome of their responsibilities. Thus cost can be minimized.
shibli:
Finding out under-utilized employees and putting them in the right place with proper responsibilities can be one of the solutions of cost minimization.
Faiyaz:
Shibli Sir, I heard from my grandfather that after liberation war expert non-bengali workers were condemned and were sacked in order to give their places to bengali workers, who happened to be nothing more than novices... Here, I'm not advocating about bengalis or non-bengalis. But illustrating a fact that is, this type of cultural barrier is a prime reason for not utilizing the proper people to the proper places... And I do feel that, as cost minimization is subjected to generate more profit, we should bury these type of personal prejudice for the greater sake of an organization.
rajib:
Sir,
We have many ways to do it. actually we have to think how we will increase our wealther rather than
redusing them. sometimes a very common thing happen is that we have always spent more than what
we have. so we must do our cost management effectively.
in addition as we are thinking wealth maximization, we must do it ligally and honestly that most people
do it illigally in bangladesh.
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