BUSINESS IA HL IB
Business and Management
Research Project
Higher Level
“Should Shanta Garments Ltd change its motivational strategies to increase labour productivity?”
Word Counts:
Executive Summary: 198
Written Report: 1996
Research Proposal+ Action Plan: 314
Acknowledgements
I would like to thank the following people:
My business and management teachers, Mr. Robson and Mr. Rao for their invaluable guidelines
The board of directors of the factory especially Mr. Khondoker Jamil Uddin for providing and trusting me with the company figures and taking time off from his busy schedule to answer my interview questions, without which my research would have been invalid.
Ruma from the management department for gathering the data of the factory
The workers of the factory for taking their time off to fill the surveys
Table of Contents
1. Research Proposal & Action plan
2. Executive Summary
3. Introduction
3.1. About the Company
3.2. Figure 1: Falling labour productivity
3.3. Current Motivation strategies: Lack of non-financial incentives
3.4. Investigation Aim
4. Results and Findings
5. Analysis and Discussion
5.1. S.W.O.T Analysis
5.2. Motivational Theories
5.3. Profitability Analysis
5.4. Organizational Structure Analysis
6. Conclusion
7. Recommendations
7.1. Non-financial Motivational Strategies
7.2. Financial Motivational Strategies
7.3. Matrix Structures
7.4. Other incentives
8. Limitations
9. Bibliography
10. Appendix
1. Research Proposal and Action plan
Shanta Garments Ltd is an export oriented ready-made garment manufacturing company in Bangladesh that has recently been facing a decline in labour productivity. As a labour-intensive factory, labour productivity and effective motivational strategies have a significant impact on company’s production and profits.
The research examines how the factory could use a combination of financial and non-financial motivational
Research Project
Higher Level
“Should Shanta Garments Ltd change its motivational strategies to increase labour productivity?”
Word Counts:
Executive Summary: 198
Written Report: 1996
Research Proposal+ Action Plan: 314
Acknowledgements
I would like to thank the following people:
My business and management teachers, Mr. Robson and Mr. Rao for their invaluable guidelines
The board of directors of the factory especially Mr. Khondoker Jamil Uddin for providing and trusting me with the company figures and taking time off from his busy schedule to answer my interview questions, without which my research would have been invalid.
Ruma from the management department for gathering the data of the factory
The workers of the factory for taking their time off to fill the surveys
Table of Contents
1. Research Proposal & Action plan
2. Executive Summary
3. Introduction
3.1. About the Company
3.2. Figure 1: Falling labour productivity
3.3. Current Motivation strategies: Lack of non-financial incentives
3.4. Investigation Aim
4. Results and Findings
5. Analysis and Discussion
5.1. S.W.O.T Analysis
5.2. Motivational Theories
5.3. Profitability Analysis
5.4. Organizational Structure Analysis
6. Conclusion
7. Recommendations
7.1. Non-financial Motivational Strategies
7.2. Financial Motivational Strategies
7.3. Matrix Structures
7.4. Other incentives
8. Limitations
9. Bibliography
10. Appendix
1. Research Proposal and Action plan
Shanta Garments Ltd is an export oriented ready-made garment manufacturing company in Bangladesh that has recently been facing a decline in labour productivity. As a labour-intensive factory, labour productivity and effective motivational strategies have a significant impact on company’s production and profits.
The research examines how the factory could use a combination of financial and non-financial motivational
Bibliography: Bangladesh Garment Manufacturers and Exporters Association. “Growth of RMG Industry and Employment.” Bangladesh Garment Manufacturers and Exporters Association Annual Report. 2008 ed. 105. Dhaka, Bangladesh. Minimum Wage Board. Minimum Wage Structure for Workers . N.p.: Minimum Wage Board, 2006. Hoang, Paul. “Motivation.” Foreword. Business and Management. By Paul Hoang. Victoria, Australia: IBID Press, 2007. 270-291. - - -. “Organizational Structure.” Afterword. Business and Management. By Paul Hoang. Victoria, Australia: IBID Press, 2007. 208, 216-219. - - -. “Ratio Analysis.” Foreword. Business and Management. By Paul Hoang. Victoria, Australia: IBID Press, 2007. 420-22. Index Mundi. “Bangladesh Inflation rate (consumer prices).” Index Mundi. 2009. CIA World Factbook. 10 Nov. 2008 . Khondoker, Jamil, Uddin. Personal interview. 14 Nov. 2008. Shanta Group. “Corporate Overview .” Shanta Group. 2008. 23 Oct. 2008 .