Institute of Business Management, Karachi, Pakistan: Journal Management System
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ASSESSING THE ROLE OF MACROECONOMIC VARIABLES ON STOCK PRICE VOLATILITY: A CASE OF PAKISTAN STOCK EXCHANGE
Full text linkThe purpose of executing this research study was to assessthe role of macroeconomic variables on stock price volatility.Specifically 10 companies were chosen that are listed on thePakistan Stock Exchange. The following are the objectives whichwere devised for this study, to understand the basic concepts andfeatures of stock exchange with respect to investments and economicdevelopment; to identify important and appropriate macroeconomicfactors having influence on stock prices and to evaluate the impactof macroeconomic variables on stock price volatility in the contextof companies listed on the Pakistan Stock Exchange. We adoptedsecondary method for data collection and the results extractedthrough correlation and regression analysis displayed thatmacroeconomic variables including interest rate, inflation rate andthe corporate tax rate affect share prices of companies operating inPakistan
Organizational Learning, Quality Strategy and Perceived Firm Performance of Textile Firms
Full text linkThis study employs organizational learning theory and quality strategy theory to formulate a new organizational learning-quality strategy- that can be used to enhance firm performance of the firms of textile sector listed at Pakistan Stock exchange. This research explores the moderating role of quality strategy in the relation between organizational learning and perceived firm performance. This article also explores the effect of organizational learning on quality strategy and perceived firm performance, as well as the impact of quality strategy on perceived firm performance. The model was tested using the experience of 300 Pakistani textile firms operating in a variety of host markets. To test the moderating role, process developed by Hayes was used. The empirical results indicate that perceived firm performance is significantly affected by organizational learning (explorative and exploitative learning) and quality strategy. Furthermore, the results confirm that the explorative, exploitative learning and quality strategy have a positive relationship with perceived firm performance and quality strategy moderates the relationship between organizational learning and perceived firm performance. The outcomes of this article provide a new direction for future research regarding organizational learning, quality strategy and perceived firm performance
DEVELOPMENT AND VALIDATION OF JOB DEMANDS AND RESOURCES INDIGENOUS SCALE: A DEVELOPING COUNTRY PERSPECTIVE
Full text linkIn this study we have looked at the development andvalidation of job demands and resources indigenous scale in thecontext of Pakistan. The purpose of scale development was to explorethe indigenous job factors for a developing country like Pakistan.The interplay of job demands and resources with indigenousrealities may cause performance outcomes differently in comparisonwith developed countries. The study is a combination of exploratoryand confirmatory approaches. The study was conducted on a sampleof 324 human services professionals for EFA, hence 264 professionalswere approached for CFA. Psychometric properties of scale wereestablished where the range of alpha reliabilities are .70 to .92 ofsubscales. Implications for counselors, administration and policymakers are discussed
LEARNING ORIENTATION AND PERFORMANCE: THE INTERACTION EFFECT OF ENTREPRENEURIAL ORIENTATION
Full text linkThe current study examines the impact of learningorientation (LO) on organizational performance and also themoderating role of entrepreneurial orientation (EO) on therelationship between LO and organizational performance amongthe small and medium enterprises (SMEs) in Pakistan. Thisquestionnaire survey was conducted among 213 managers/ ownersof manufacturing SMEs. Previous studies on LO in combinationwith EO have been conducted in large organizations in developedeconomies. Studying the relationship between LO and performanceand moderated by EO in manufacturing SMEs in a developingeconomy like Pakistan, this research attempts to fill this gap. Thefindings reveal that there exist a positive relationship between LOand organizational performance. The findings also demonstratethat the effects of LO on organizational performance are positivelymoderated by EO. The paper also includes research implicationsand possible future directions
Failure in Quality of Academic Performance of Students in Public Sector Schools of Sheikhupura
No full textConcerns have been raised about the failure of students in quality of academic performance in public sector school over the past few years. Therefore, this research study was conducted to explore the factors which affect the quality of academic performance of students in public sector schools. Mixed methods research design was used to explore this phenomenon in the district Sheikhupura. Using multi-stage random sampling techniques out of 45 boys and girls school in the district 10 boys’ and 10 girls’ schools were selected. All stakeholders— students, parents, teachers, and heads from those schools were selected in the sample of total 300. Quantitatively close ended self-developed questionnaires were used to collect data from 120 students and 120 parents. Qualitatively semi-structured interviews were used to generate data from the participants—40 teachers and 20 heads from the schools. Descriptive and inferential statistical techniques and thematic description approach was used to analyze the different data sets. Various causes of students’ failure and remedial suggestions were discovered in the analysis. The results have serious implications for school education department of the province, Punjab. Keywords: academic performance, failure, public sector schools, student
Caste, Costs and Educational Access in Rural Punjab
No full text This paper is based on some key findings of an original research carried out to explore the issue of inequitable access to education within caste-based social structures in rural Punjab, Pakistan. Data from 36 interviews with low and high caste parents, school heads and four key informant focus groups in two villages in southern and central Punjab revealed that schooling costs remained difficult to manage for the poorest low-castes despite provision of government sponsored free schools. Bourdieu’s social critical framework used with specific reference to his notion of capitals reveals processes of social reproduction. The economiccapital transubstantiates into social and cultural capital, refracting into schooling costs that are not just economic but also temporal, psychological and social for the lowest caste groups. This limits the impact of economic subsidies offered by the government for expanding educational access. The paper contributes to the current literature by arguing that policies aimed at equitable educational access must conceptualize educational costs as multidimensional, just as poverty itself is not just economic but multifaceted.
Learning Styles: Preferred Learning Choices and Behaviors of Saudi Male and Female EFL Learners
Full text linkLearning styles are the differences in personal characteristics, strengths andpreferences, describing how individuals acquire, process and store information.Learners approach information differently from each other due to their differentinstincts and natural dispositions. In the pretext of learning styles what is beingtaught has least importance than how’s being taught as in current scenario, teachers adapt their teaching techniques according to the learners preferred learning styles. Based on the review of previous context(s), the present study aims at investigating the learning style preferences of 200 Saudi male and female EFL learners at Taif University. For this purpose, a questionnaire was developed with closed ended questions by employing Likert’s five point scale to collect the data from 100 male and 100 female Saudi EFL learners that represents quantitative dimension of the work. The study probed into how different learners took in information by using their senses, intellect, force and physical movements. Furthermore, the research investigated what special measures teachers should take during teaching to develop the learners’ awareness about their dominant learning styles coupled with designing the strategies to promote learning according to their unique dispositions. The findings manifest significant differences in the learning style of Taif University’s male and female EFL learners because of the learners’ physical and biological differences as well as their diverse social and cultural norms. Keywords: choices and behaviors, English language learners, learning style
A Qualitative Study on Development of Enriching Performance Management System at a Pharma-Company
Full text linkThis case study aimed to develop a sample of enriching the performance management system using qualitative method. The job post of Import Executive in a pharma company has been selected as a sample. After taking consent from the management, a semi-structured interview approach with all related employees was undertaken. A comparison of existing performance management system was done with three other organizations of the same industry to provide a more comprehensive approach. Firstly, a systematic job evaluation was performed to transform traditional job description into competency based job description and implement job specific performance appraisal. This resulted in enrichment of performance management system. Peer evaluation and appraisal training for the supervisors have been suggested for a more comprehensive insight and a greater employee satisfaction with the performance management process
Developing and Implementing an Airline Stores and Purchases Accounting System: A Case Study of PIA
Full text linkThis case study explains the process of developing and implementing a new microcomputer based accounting system for the Stores and Purchases department of PIA. After briefly highlighting some difficulties which were experienced under the existing manual accounting system, the study continues to chart the various steps which were taken to analyse and map different processes and explains how various modules were developed and tested through parallel runs and ultimately resulted in full cutover to the new computerized accounting system. The role of involving all the existing staff and using their expertise and inputs in the development of the new computerized accounting system has been highlighted as a major factor in its successful implementation
Mitigating Risk of Failure by Expanding Family Entrepreneurship and Learning from International Franchising Experiences of Johnny Rockets: A Case Study in Pakistan
Full text linkIt is generally believed worldwide and backed by research too that startups face a high risk of failure and eight to nine out of ten ideas may not work (Hisrich, Peters, & Shepherd, 2009). However, many experts claim that the situation can turn vice versa for family entrepreneurship (or creative family businesses) and franchise ventures (Francorp, 2016). This exploratory probe aims to discover these two phenomena for Johnny Rockets (JR) Pakistan, which is an international franchise of fast food chain of restaurants, and simultaneously it is a family business extension. Literature is reviewed from four perspectives: family entrepreneurship and business, franchise business, internationalization of companies, and fast food restaurant industry in Pakistan. Primary data is garnered from three sources: in-depth interviews from middle to top management of Johnny Rockets, owners of the franchises, and from its consumers in accordance with phenomenology method and purposive sampling to analyze their lived experiences with JR and its direct rivals. The data analytic techniques comprise thematic analysis and constant comparison. The findings unveil that in the wake of tolerating several difficulties, now Johnny Rockets seems to be on the right path of sustainable growth. The study underpins the notions that family entrepreneurship and franchise ventures enjoy a high probability of success, but it requires an organizational culture of the congenial work environment, and propensity to create a customer-centric modern learning organization, ready to accept trials and errors and continuously innovating its processes and systems