Market Forces (Journal of Management, Business and Economics, College of Management Science, PAF-KIET)
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Guidelines for Exporting Manpower in Pakistan
Get PDFAn increase of 1.5 million workers in the workforce every year would only be an added advantage to Pakistan if they can all secure employment. This seems like a remote possibilityconsidering the country’s economic, politi cal and investment climate. The present state oflawlessness refl ects that youth have adopted a path of anarchy to sustain themselves. A solution to this problem is imperati ve. Nature has created a balance in demographic distributi onsuch that as there are regions with populati on explosion, so there are regions with shrinkingpopulati on. Our survival lies in identi fying countries where workforce dilemma exists andfabricati ng a workforce in line with their requirements. Ministry of Overseas Pakistanis mustassume a proacti ve role of preparing guidelines for labor exports and guide other ministriesto chart plans to materialize this strategy. Remitt ances from Pakistanis abroad have been themain stay of of its economic stability however; its use is yet to be opti mized. It is, therefore,essenti al for the economy to move from low value occupati ons to higher end occupati ons. Thislong-term strategy is realisti c subject to cooperati on among all stakeholders
Case Study: Stories of Entrepreneurship
Get PDFEntrepreneurship is imperative for growing economies in times of environmental uncer¬tainties. Pakistani mentality is undergoing a change and more and more educated people are looking at business of their own rather than a "naukri'. This bold initiative by a few is likely to motivate young budding professionals to follow suit. Entrepreneurship is all about identifying a business opportunity and adding color to it to sound compelling. Idea has replaced finances as an engine to entrepreneurial spirit. Another factor that stands out is the ability of making calculated risks and being persistent in your struggle. Entrepreneurial character also helps in making you successful. The need of time is to allow small and medium enterprises SME to grow disproportionately to double the GDP growth of the country". This is a story of five entrepreneurs who surmounted the odds and build their enterprise into successful businesses
The Impact of the logistics outsourcing of activities of Supply chain in Pharmaceutical industry in Karachi
Get PDFThe main focus of the supply chain is the internal and external business integration to maximize the profit and provide better service to ultimate customers. Most of the companies are going towards outsourcing of their major operation for getting competitive advantages in marketplace to achieve global supply chain success. However, the development of logistical infrastructure does not support the supply chain & logistics operations.This study focuses on four issues: (a) does subscription to a logistics service provide cost saving benefits to the company? (b) what are the effects of this subscription on the supply chain from production to the end-user? (c) what are the effects of the subscription on the company's distribution activities and performance, and finally (d) does this subscription provide the organization with a strategic advantage?A list of pharmaceutical companies was drawn from the Pakistan Pharmaceuticals Manufacturers' Association and a closed-ended questionnaire was emailed to responsible officials in the supply chain departments. The gathered data was tested using multiple regression approach. The significance of variables and Principles Components Analysis were used to reduce data redundancy.It was concluded that the impact of logistics outsourcing is to change "cost propositions" into "value propositions". Activities like operations and supply chain are increasingly utilizing logistics outsourcing as an "opportunity" rather than "cost"
Empowerment Of Academic and Non Academic Staff at a Local University: Exploring The Relationship with Organizational Support and Employee Commitment
Get PDFTo maximize the output of organization is a cherished objective of every competent manager. One of the effective ways of meeting the targets of organization is to empower its employees. Thus the employees become part and participate in the achievement of the organizational targets. Since universities are larger organizations with systematic rules and regulations, the present study is carried out in a local university to explore a)the correlation between organizational empowerment and perceived organizational support; b) correlation between organizational empowerment and employee commitment; c) correlation between empowerment and organizational trust.To achieve the objectives of this study, literature was reviewed exhaustively and indicators of empowerment were identified. After identification of indicators an instrument was developed, piloted and consistency was calculated. The reliability (Cronbach's Alpha) of tool was .710. The tool was administered on 250 academic and nonacademic subjects of two faculties of University of Sindh Jamshoro. The data was analyzed through SPSS 16 in four parts, i.e., demographical information of respondents, Pearson correlation, Independent sample t test and one way ANOVA.Some of findings of study were: University teachers are highly empowered. The female employees are more empowered than male employees; Subjects with higher qualification are more empowered than lower qualification employees
The Nearing Demise of Modern Subject/Man
Get PDFThe Scope of this article is to show that the modern Subject, which is being considered to be an active agent, in reality is reaching its demise. Furthermore, this article will explicate the nature of the modern subjectivity/man, particularly its ability to construct knowledge, as its exegesis being done by modern thinkers and in due course of showing that this subjectivity/ man is near its demise. This article will try to explicate a critique of modern subjectivity/man through the spectacles of Michel Foucault.In this article the focus will remain on Kant for the exegesis of modern subjectivity/man as he is the most profound propagator of modern subject. In the second stage it will focus on Foucault's Archaeological analysis since he has developed an argument that the demise of modern subject is near and inevitable
Exchange Rate Movements: External Debt Problems in Nigeria 1980-2010
Get PDFCopious of arguments for debt contractions have been put forward especially in favour of the need for developing countries to attain economic growth. This arises as a result of inad¬equate savings coupled with the inability of the developing countries to operate within the stipulated debt limit. As such the debts mount and the burden keeps rising. The mounting debt is more complicated when it is externally sourced as it requires foreign exchange for its redemption. Unfortunately the fluctuation in the exchange rate further inhibits the payment of interest that eventually adds more to the initial principal amount borrowed.Observing the Nigeria debt portfolio and its exchange rate movements for some years, the latter's impact has continued to influence the former negatively. This paper thus seeks to use co- integration technique to test for the extent of their relationship from 1980 to 2010.By so doing, the exchange rate influences the external debt to a greater extent and thus requires that Nigeria must source for other means of financing its growth and development. Further to this, the country should ensure a more conducive macroeconomic environment to¬wards attaining a stable exchange rate
Exploring the Measurements of Organizational Performance: Small and Medium Enterprises (SMEs) Perspective
Get PDFMeasuring organizational performance is an important issue in today’s research scenario. The researchers use different approaches and measures in evaluating organizational performance. Researchers do not have consensus on the measures to be used for measuring organizational performance. The literature shows that both subjective and objective measures can be used to evaluate the performance of organizations of small and medium enterprises (SMEs). This paper based on the measures used in previous researches have recommended measures for measuring the organizational performance.Keywords: Empirical Research, Measurement, Organizations, Performance, Subjective Measures, Small and Medium Enterprises (SME)
January Effect in Pakistan: A Time Series Analysis
Get PDFThis study employs daily data from the Karachi Stock Exchange 100 index from 2004-2009 to investigate the presence of the January effect. Our robust econometric modelling reveals anomalous patterns in stock returns around the turn of the year. The anomaly observed in this study, however, was unlikely to represent lucrative arbitrage opportunities at the time  essentially because abnormal returns were not large enough to offset transactions costs. This finding provides confidence and assurance in the operational efficiency ofthe Pakistani capital markets.Key Words: Karachi Stock Exchange, January Effect, Garch Model, Econometric Framewor