Model of Industrial Organization
This model for industrial organization is especially applicable in Bangladesh which isproposed by Md. Azim Ferdous, Department of Management Studies, University of Dhaka in2010. This model figures out the factors and environment related to the industrialorganizations and the practice of large-scale industrial organizations in Bangladesh now-a-days.
The box A contains the factors of infrastructure that gears up the establishment of an industrialorganization. It includes power, transportation, and communication. Box B contains thesuppliers and sources of energy, materials, information, and human resources that will be usedas the input to the transformation process. Using these inputs the transformation process willproduce desired goods or the give the desired output. This transformation process has shown inbox E which is well-connected by internal interface feedback mechanisms. And the output orproducts produced by this transformation process will be supplied to the market or to thebuyers which is shown in box C.The elements of box H will guide and provide proper environment for team building by whichresearch & development team, quality circles (QCs), cross-functional teams, and high-performance teams will be formed which is shown in box G. These teams of box G willdevelop new products and will improve the total transformation process in a continuous basiswhich is shown in box D. Besides, the elements of box H will also provide the environmentand necessary expertise for efficient management where practice of Management by Objectives(MBO) will be followed and this is shown in box I which will ensure inventory managementand quality control for the transformation process through total quality management (TQM) of box F.Every industrial organization will have to address the issues related to human resources (HRplanning, recruitment, selection, socialization, training & development, controlling HRs, andmaintaining HRs) with great care. Because, the total process will be operated by humanresources and it is the most important element for the production. A pool of skilled and loyalhuman resources will ensure the success of the industrial organization.Box D, E, F, G, H, and I contains the internal components of any industrial organization. Onthe other hand, box A, B, and C contains the external elements all of which are well-connectedby an external interface 360-degree feedback mechanism. And the total thing is surrounded andinfluenced by external environment which includes demographic environment, legalenvironment, political environment, economic environment, social environment, andtechnological environment.