Crisis Management in Bangladesh:An Empirical Study

Abstract

Management permeates all sectors of our life. A family or a societal club, a Mosque or a Church, a Pagoda or a Puja mandaf- all need to be managed properly. A nation running on the principles of either socialism or capitalism or both bother always about good management. There is not even a single sector in a particular economy, developed or developing, underdeveloped or poor which can ignore the role of management. Policy makers in both Govt. and non-government organizations, business, industry, trade and commerce, social institutions like Schools, Colleges and Universities are aptly concerned in everything of them to be property managed. The honorable President and the Prime Minster, Ministers, Members of the Parliament and high Govt. officials all speak about the importance of proper Management. The honorable Prime Minster, Ministers and Govt. Officials, distinguished guests and diplomats, FBCCI personnel and Beximco Group representatives all spoke very high about big ventures to be properly managed. It is therefore very much clear that everyone in our society feels the importance of managing things in the right direction. This may be called a general or common feeling regarding management in a normal situation. But whenever there arises an unforeseen situation, everyone in a society becomes rather very strongly and continuously concerned about the importance of good management. This paper will try to give an understanding to its readers about an wide variety of crisis situations, when, where, how and for what reasons crises arise, develop and sometimes stay and when to overcome, how to get rid of, where to attack situations and finally how to minimize and overcome crises by applying the various principles and functions of management.

Keywords: Crisis, Act of God Mass media, share market, boom & slums, Right man at right post, Robber Barons.