LEADING WITH INSECURITY: THE LACK OF EFFECTIVE ECONOMIC STRATEGY IN BANGLADESH

LEADING WITH INSECURITY: BANGLADESH

Abstract

Confronting uncertainty in Bangladesh requires implementing a comprehensive strategic management model, particularly in response to political and economic turbulence. This paper examines how Bangladeshi organisations can formulate resilient strategies to succeed in unpredictable environments. The study underscores the effects of political instability, including policy volatility and governance challenges, alongside economic issues such as inflation and supply chain disruptions. The paper evaluates case studies across multiple sectors and delineates effective strategic management methodologies that facilitate organisational adaptation to uncertainty. It emphasises the need for proactive leadership, which empowers organisations to take control of their future, stakeholder involvement, and ongoing environmental assessment. These are crucial for developing strategies that promote long-term viability and competitive edge in an uncertain landscape. The findings, which are of significant importance for managers and policymakers, highlight these essential elements, providing them with valuable insights and strategies to navigate the turbulent business landscape in Bangladesh, thereby empowering them to make informed decisions. This teaching case study is suitable for graduate students, business leaders, policymakers, and strategic management professionals who seek to understand and navigate the complexities of political and economic instability in Bangladesh, fostering resilient strategies in uncertain environments.

Keywords: Strategic Management, Economic& Strategy, Political economy, Social Inequalities and Bangladesh