Friday, 18 April 2014

Assignment On Banglalink Selection Process

Summery
This report is done as a part of our study and helped us to understand the real life scenario of communication. This report also facilitated the understanding of the academic theories associated with the course of BBA. This report intends to explore our telecommunication industry, Banglalink. It is an exploratory report which gives you an overall idea about Banglalink, as well as vision, mission, objectives, efforts and HRM. To develop competitive capability, organizations keep innovating ways to obtain, retain and engage their most critical resources which is human i.e. their employees. Successful human resource management involves acquisition, retention and development of human resources. This result is overall employee satisfaction and increased productivity. Setting objectives demands a yardstick to measure the fulfillment of the objectives. If an objective lacks specificity or measurability, it is not very useful, simply because there is no way of determining whether it is helping the organization to move toward the organization’s mission and vision. We therefore also discuss about the strategic objectives of both the parties to help to channel employees throughout the organization toward common goals.










Introduction
 In the 21st century, business is no longer easy because of intense competition and rapid change in business environment. The major change in today’s business environment is the transformation of industrial economies and societies into knowledge- and information- based service economies. And to cope with this challenging environment all that a business organization needs is Information. In this extensively competitive market condition, every organization needs to handle tons of information on a daily basis and there should be free, fare and accurate information flow both within and outside the organization. Thus the emergence of Information System is justified. To make information flow smooth, an organization must need to use a contemporary Information System, which can satisfy the organization’s demand more efficiently.
The mobile telecommunication sector is the most lucrative and opportunistic sector of the country. To survive in this sector the company has to maintain hard-core relationship with customer. At present, there are six mobile phone operators in the country, and Banglalink is one of them. It has the second highest customer base in GSM mobile technology and taking effective initiatives to acquire more market share by providing best services to its forever-valuable customers. Banglalink must possess a strong and efficient Information System base, as this business is totally dependent on information technology. Everything from intra organizational activities to customer services requires a well-built Information System.
Banglalink is the second largest telecom operator in Bangladesh with a subscriber base of more than 20 million in Bangladesh (as of May 2012). Currently the company is wholly owned subsidiary of Egyptian telecom company Orascom which had almost 93 million subscriber base across the world. This section of the study will highlight the background story and advancement of Banglalink by presenting the key business events related to the company's operations & advancements in a chronological order. Banglalink had 1.03 million connections until December, 2005. The number of Banglalink users increased by more than 253 per cent and stood at 3.64 million at the end of 2006, making it the fastest growing operator in the world of that year. In August, 2006, Banglalink became the first company to provide free incoming calls from BTTB for both postpaid and prepaid connections.


Vision 
"Banglalink understands people's needs best and will create and deliver appropriate communication services to improve people's life and make it easier".


Mission
To deliver optimum value to
• Customers
• Employees
• Shareholders and the Nation
• Attract and retain quality human resource
• Firm commitment to the society and the growth of national economy while ensuring good Corporate Governance.


Objective
To earn customer satisfaction through diversified telecommunication activities and introduction of innovative ideas.



Efforts 
To achieve the goal through fully motivated, committed and dedicated work force.
Committed to the client
·         Respond to the customer needs with speed and accuracy
·         Share their values and beliefs
·         Grow as our customer grow
·         Offer first rated solutions of client problems and issues
·         Provide product and service at competitive pricing
·         Create life long relationship based on mutual trust and respect


HR-Selection-Process.png
HR-Selection-Process.png











Human Resource Management of Banglalink
As Banglalink is a concern of Orascom Telecom so its HR Planning is given great importance.

Job Design and Analysis
Job design is really important issue for any organizations HR practices. It refers to organizingtasks, duties, and responsibilities into a productive unit of work. Job design is receiving greaterattention for three major reasons:
·         Job design can influence performance in certain jobs.
·         Job design can affect job satisfaction.
·         Job design can affect both physical and mental health
·         Recruitment and Selection
·          
Recruitment and selection
The recruitment process of Banglalink is highly competitive and consists of many layers. Theyare as follows:
·         Requisition
·         Sources of recruitment
·         Advertisement
·         Issuances of Interview Card
·         Written test
·         Audio Visual Test
·         Extempore Performance
·         Interview-1
·         Leadership Test
·         Final interview
·         Placement


Training and Employee Development
 Training is the learning experience in that it seeks a relatively permanent change in an individual that all improve the ability to perform on the job. We typically say training can involve changing of skills, knowledge, attitudes, or behaviors.



 Performance management
Performance management is the systematic process by which an organization involve sits employees, as individuals and members of a group, in improving organizational effectiveness.

Reward and Compensation
 The reward system of an organization includes anything that an employee may value and desire. Organization use reward to motivate employee.

Employee Relation
Employee relation is more important issue for an organization. If employee relationship is good with their employer then that organization can run their business successfully











Conclution
Many people find telecommunication industry as the most lucrative industry of the world. Infact, telecommunication sector is one of the emerging sectors in Bangladesh. Among the 162.22 million people of Bangladesh around 46% of the people are using mobile phone. "Although nearly half of the country's population is still below the poverty line, the country has been one of the world's fastest growing cellular markets". (Paul, 2009) This definitely clarifies that cell phone has become an integral part of Bangladeshi people which brings immense opportunities to the country’s telecom service providers. The key reasons behind this are - greater focus on quality, the network coverage, strong equity structure and superior resource allocation. These unique competencies of Banglalink have established a stronger brand image for the company.



Tuesday, 8 April 2014

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Sunday, 12 January 2014

Assignment On Business Law About difference Between Void & Voidable Agreement (Business Law)



Differences between void and voidable agreement:
When dealing with contracts, the terms void and voidable are widely used. A void contract is considered to be a legal contract that is invalid, even from the start of signing the contract. On the other hand, a voidable contract is also a legal contract which is declared invalid by one of the two parties, for certain legal reasons.
While a void contract becomes invalid at the time of its creation, a voidable contract only becomes invalid if it is cancelled by one of the two parties who are engaged in the contract.
In the case of a void contract, no performance is possible, whereas it is possible in a voidable contract. While a void contract is not valid at face value, a voidable contract is valid, but can be declared invalid at any time.
A contract can become void if it involves any illegal activity, if the contract is made in such a way that it cannot be executed, or if the contract is not properly structured. An example of a void contract is a contract between a drug dealer and a buyer. This type of contract is void because it involves an illegal activity.
There are many reasons attributed to a voidable contract. It is a situation where one party of the contract may repudiate it. A contract involving minors is an example of voidable contract. Although minors can enter into contracts, these agreements cannot be enforced, as minors are at liberty to change their stand.
While a void contract is nonexistent and cannot be upheld by any law, a voidable contract is an existing contract, and is binding to at least one party involved in the contract.

Summary:
1. While a void contract becomes invalid at the time of its creation, a voidable contract only becomes invalid if it is cancelled by one of the two parties who are engaged in the contract.
2. A contract can become void if the contract involves any illegal activity, if the contract is made in such a way that it cannot be executed, or if the contract is not properly structured.
3. A voidable contract is where one party in the contract may repudiate it.
4. A void contract is nonexistent and cannot be upheld by any law. On the other hand, voidable contracts are existing contracts, and are bound to at least one party involved in the contract.

Difference between Void and Voidable Agreement:- (From source 2)
A void contract is considered to be a legal contract that is invalid, even from the start of signing the contract. On the other hand, a voidable contract is also a legal contract which is declared invalid by one of the two parties, for certain legal reasons.

While a void contract becomes invalid at the time of its creation, a voidable contract only becomes invalid if it is cancelled by one of the two parties who are engaged in the contract.

In the case of a void contract, no performance is possible, whereas it is possible in a voidable contract. While a void contract is not valid at face value, a voidable contract is valid, but can be declared invalid at any time.

While a void contract is nonexistent and cannot be upheld by any law, a voidable contract is an existing contract, and is binding to at least one party involved in the contract.





Thank You
___________The End___________