Professional Documents
Culture Documents
What Is Management :
operation in a manner which fulfils the organization’s aims. In other words, once a
museum identifies its purpose, good management helps to achieve it. As different
processes are needed to achieve various aims, we tend to discuss management practices
Practice is using managerial process to run an organization. Every organization has a goal
& objective, management set this goal and it says how an organization can achieve this
and Controlling) are performed by different levels of managers. So we can say that every
Limited.
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Profile of Beximco Pharmaceuticals Limited
nations, Brazil, among others. The company is consistently building upon its portfolio
and currently producing more than 400 products in different dosage forms covering
manpower and proven formulation capabilities, the company has been building a visible
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and growing presence across the continents offering high quality generics at the most
affordable cost.
motivates more than 3000 employees of the organization, and each of them is guided by
the same moral and social responsibilities the company values most.
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Organization Structure of BPL:
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Chairman
Vice-
Chairman
CEO
Chief
Financial
Officer
Chief
Operating
Officer
Director,
Sales
Director, Int.
Marketing
Director,
Manufacturin
g
GM
Senior
Manager
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Different Duties Performed by the Executives of BPL:
Different jobs are performed by different groups of people. One can’t do every
thing. We know there are different skills in different level of management. These skills
are:
Technical Skill
Human Skill
Conceptual Skill
Design Skill
Technical skill is very essential for operation level executives. The director of
manufacturing should have some technical skills. S/he should know about the raw
chemicals, the production process and other things related to production. The other top
Human skill is very important for the middle and first level managers. The Int.
Marketing Director, Sales Director, GM, Senior Managers should have this skill. These
people are always working with field officers, different clients and some time with
Conceptual skill is important for top and middle level managers. It means the
ability to see the “Big Picture”. Top level people should able to see future. In future what
is the position of BPL is set by the Directors, CEO and GM of this company.
Design skill is very essential for top management. The Chairman, Vice-chairman,
Directors and CEO can able to solve the problems without hampering any group. They
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can take have the skill that prevent the problems. This group of management must have
Pharmaceuticals Limited
Different types of planning sets by BPL:
Every organization must have a plan and this plan is created through a process.
BPL also has many plans for their different operation. BPL divides its plans in different
types.
Purpose or mission
Strategies
Policies
Budget
The purpose or mission is the basic task of BPL. The main mission of BPL is
The objective & goal of BPL is accomplished their mission and doing the other
tasks like staffing, organizing leading & controlling. For this reasons they set their plans
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BPL set its plan by determining its strategies. How much resources they have and
how they use it properly is a big issue for planning. So they evaluating their resources
Every organization has a policy. BPL set its plan by maintaining its policies. They
make their policies that how a plan can create, who can create a plan or what is the range
of planning.
Budget is the biggest issue for planning. Before setting plans BPL check its
budget. They always try to make balance between budget and plans.
BPL divides its plans in different time period. They make short term, mid term
and long term plans. For different tasks BPL takes these different plans. Their short term
plans took one day to one year, mid term plans took one year to five or ten years and long
Aware of opportunities
Establishing objectives
Developing Premises
Selecting a course
Numerating plans
There is so many opportunities are come when a plan want to set. So BPL should
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always aware about these opportunities. It can evaluate the opportunities and select the
best one.
After that BPL establish its objectives. It declares the objectives to the employees
of this whole enterprise. The employees are mentally prepared for achieve the objectives
Then BPL is determining the alternative courses. They examine the alternative
ideas from many other opportunities, specially the plans those not immediately apparent.
Every plan has more than one alternative, if the plan has no alternative it is wrong.
examines their strong and the weak points. Then match it with the alternatives and their
After evaluating BPL select the best idea as a plan. It is the point of real decision
making for the management of BPL. Here they examine their opportunities, threats,
After making a decision BPL design some plans that support the basic plan. Here
they evaluate the characteristics the basic plan and make decisions that fulfil the error of
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The Objectives of Beximco Pharmaceuticals
Limited
Every organization has an objective that the achievement the goals, set by the top
level management of the organization. There are different sub objectives that are
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Socio economics Chairman, Vice-chairman,
purpose Directors
Mission
CEO, CFO & other top
level managers
Overall objectives
of the organization
More specific
overall objectives GM, Director: Marketing,
Director: Sales, Director:
Manufacturing, COO
Division
Objectives
Individual
objectives Senior managers &
performance other lower level
personal managers
development
objective
There are two types of objectives. One is verifiable and other is non-verifiable.
BPL always use verifiable objective. In verifiable objective all plans are very specified by
the management. BPL uses this method because it can create a clear concept about the
decision to the employee and they can prepare themselves to fulfil the objectives.
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MBO is a comprehensive managerial system that integrates many key managerial
activities in a systematic manner and that is consciously directed towards the effective
and efficient achievement of organization and individual objective. So BPL always tries
to perform their managerial activities through objectives, means they set objectives first
Pharmaceuticals Limited
Strategies & polices are very essential for planning. A plan is depending on the
strategies & policies of an enterprise. So BPL set its strategies & policies very carefully.
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BPL thinks strategies are determining the purpose and basic ling run objectives and the
adoption of course of action and allocation of resources necessary to achieve its aims.
Policies are general statement or understanding that guides the managers of BPL in
Inputs
Industry analysis
Enterprise profile
External environment
Internal environment
In strategic planning process the first thing is input. Here BPL inputs different raw
data like the basic goals & objectives, their mission, vision and the basic aim of BPL.
The next step for strategic planning process is industry analysis. In this step BPL
segment the market in different parts. Then they evaluate the each segment’s
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attractiveness. Then they analysis the different threads and opportunities. They try to
gather information about the potential buyers, suppliers, substitute product and
competitive firms. In a word in this step BPL analyse the whole industry whether it will
After analysing industry BPL make their enterprise profile. In this profile they
The enterprise profile is shaped by the executives. So they must know how to get
the success, what kind of task they should do, how to do and when to do. For these
Then BPL sets the purpose and major objectives. It is the end points toward which
Here BPL evaluates the external environment that they shall face in future and
now. The external environments are economic, social political, legal, demographic,
geographic and so on. The present and external future environment must be assessed in
Like external environment BPL also evaluates the internal environment that they
shall face in future and present. The external environments are human resource, financial
sources, production level, product or service quality, cost of raw materials, availability of
Then BPL develops the alternative strategies. They set these alternative strategies
by evaluating the internal and external environments. They evaluate the threats,
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After that BPL carefully evaluate various strategies then select one or more
strategy for this organization. The strategic choice must be considered in light of the risks
Then BPL makes sure the implementation and control of medium and short range
planning. For this reason they consider the all phases of the process.
The last key aspect of BPL strategic planning process is consistency and
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