Hr Practice in Ready Made Garments Industry

• Management: Is the company's management competent? Are they people with integrity, good reputations and diligence? Do they publish financial reports regularly and on time? Do they have open communication with their shareholders? The CEO (Chief Executive Officer) plays a key role in the management of a company. Although this must be a consideration, it does not mean that a CEO with a magnificent record with one company will automatically achieve the same proficiency with another.

CEO: Serve as the team leader and final decision maker for the company. The CEO is the face of the organization and will be the primary voice for any public statements made.

2. Are the roles of the chairperson and chief executive officer (CEO) exercised by different individuals? This clear division of responsibility would help to counterbalance the power and influence of the CEO in the decision making of the company’s directors. Furthermore, this would enhance the supporting role that may be assumed by the chairman in being the CEO’s confidante.

Chief Executive Officer (CEO): CEO is ultimately responsible for ERM priorities, strategies and polices. CEO also needs to ensure ERM implementation is strategy-setting.

449). Secondly, the Chief Executive Officer is an organizational leader following standards of conducts that refer “the officer reasonably believes to be in the corporation’s best interest” (Thompson, 2008, p. 17). A strong leader can only lead when that leader knows what direction they are going. For example, one activity for distributing from centralized leadership is “a structural layer that forms the overall frame and direction for knowledge creation in the organization”; therefore, knowledge of proper management skills is important (Jain & Jeppesen, 2013, p. 349). To overcome a leaderless organization an employee or manager can take initiative by setting department goals that include a mission and a vision. Then, strategically formulate organizational goals that support the corporation’s best interests. All in all, an organizations department management team can create a strategic management process per department that supports the organizations best interest.

A CEO (Chief Executive Officer) signifies the superior ranking individual into any organization or further institutions, eventually accountable for making the administrative decisions. (Rouse)

Chief executive develops strategies and help in the decision making process for their corporations. They also promote overall growth of the corporations. This

- CEO or President is the highest-ranking officer in the organization and is usually a member of its board of directors.

Managing Director (Business operations). He should responsible to make the approval to significant thoughts and innovation.

* We are doing this report so that we can analysis the readymade garment (RMG) sector of Bangladesh and find out the problems and remedies of this sector.

A Chief Executive Officer (CEO) is the highest ranking executive in a company whose main responsibilities include developing and implementing high-level strategies, making major corporate decisions, managing the

“Management is the planning, organizing, leading, and controlling of mankind and other resources to achieve organizational goals efficiently and effectively (University, p 4 2011)”. The greatest achievement of an organization is to provide goods and services that customer’s value. The managerial department of an organization has the power to determine the performance of the employee’s, which directly affects the quality of the service or product that is being supplied to the customer. “Managerial tasks are essential for effective management, which involves planning, organizing, leading, and controlling (University, p 6 2011)”. Planning is the process of identifying the suitable goals of an organization and how they will be implemented in the company. Organizing is the procedure that determines the departments of an organization. When departments have been established the next step is to decide who will work best at a particular job. The development of organization inside a business will form the organizational structure for the company. “Leading is the ability to inspire and organize individuals to work as a team to complete the goals of the business in an efficient and effective manner (University, p 9 2011)”. Controlling is being able to assess the procedures of a company and eliminate or change any strategy plans that are not showing high- performance levels. Controlling may consist of monitoring

“Management” refers to the individuals who set the strategy of the organization and direction the endeavors of employees to fulfill objectives by using available human, financial and other resources efficiently and effectively. For an organization to be successful, the major role is played by the board of advisors.

The Chief Executive Officer (CEO) of FAM reports to the Executive Members. The CEO responsibilities include among others:

Faruqui, M. (2014, July). Nobody can beat Bangladesh in price and quality. Retrieved from http://www.textiletoday.com.bd/magazine/873