Management of Public and Private Sector Enterprises in Bangladesh: A Comparative Study during 1971-2011

Abstract

The management practices of private and public sector enterprises of Bangladesh have been continually improving since the independence of the country. From the inception of the country in 1971, there was a highly disorganized management in both the public and private sectors. However, it has now been reached to a reasonable shape that can be claimed as moderate management practices like other developing countries of the world. Observation shows that a rapid development in the management of private sector has been occurred since early 1990s. In 2000, there has been a substantial change and modification in management practices of the private sector enterprises in Bangladesh due to shifting focus of the government from public to private sector. The reasons can be attributed by the development of information technology and introduction to the privatization policy of the enterprises. This study shows that the development of management practices followed an upward trend in Bangladesh. The higher the development in private sector management is inducing the higher development of public sector management in Bangladesh.