Speakers, at a conference today, have emphasised the importance of applying the Japanese management style called breakthrough thinking; which involves thinking to raise productivity in industry and commerce.
It is different from the conventional method, uses the bypass theory and gets work done through "plan, do, check, and act," they added.
They were addressing a web-based national conference on "Breakthrough Thinking in Bangladesh During a Pandemic" jointly organised by the Breakthrough Thinking in Bangladesh and Entrepreneurial Economists Club of the Dhaka School of Economics, read a press release.
In the new normal situation, the utilisation of breakthrough thinking can resolve the economic culture. Leadership at different levels needs to be prepared to accept wisdom and leaders should have an attitude that brings about changes, the speakers also said.
Chairman of the Dhaka School of Economics Dr Qazi Kholiquzzaman Ahmad inaugurated the conference where Shuhei Anan of the Japan Planology Society presented the keynote paper.
Qazi Kholiquzzaman said x-efficiency is the degree of efficiency maintained by firms under conditions of imperfect competition where breakthrough thinking in the new normal situation may resolve the problems smoothly and drive out lengthy processes.
He also said a human element can be a degree of efficiency, meaning that – at times – firms have not maximised profits.
Shuhei Anan focused on creativity and innovation in the industry, commerce and trade so that leaders at all levels have more motivational factors.
Prof Dr Muhammad Mahboob Ali, session chair of the programme, said management research is a continuous process and leadership traits – starting from junior level to top level management – should work effectively so that an organisation must act corruption-free and offer pro-people-centric services.
Other speakers included: Prof Dr Saidur Rahman, Department of Agricultural Economics at Bangladesh Agricultural University; Prof Dr Parul Khanna, Vice Principal of IMT College Faridabad; Tripoli Daring, general secretary of the Center for Breakthrough Thinking in Bangladesh; Aliya Parvin, executive member of the Center for Breakthrough Thinking in Bangladesh; as well as Rehana Parvin and Sara Tasneem, assistant professors at the Dhaka School of Economics.