Monday, April 14, 2014, Jumadi-al-Sani 13,1435 A.H Jang Online | Daily Jang | The News | The News Blog | Back issues
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Business is going native again
By Andrew Hill
7686_4_14_2014_1.gifWhether you trace them back to Assyrian trading networks in 2000BC, or only as far as the mid-19th century when the modern cross-border joint-stock company was born, multinationals have had a good run.

But Sam Palmisano, former chief executive of IBM, thinks they are reaching the end of their natural life. Multinationals’ hub-and-spoke model will be superseded by “globally integrated enterprises” (GIEs), which will shed national identity and serve customers from wherever in the world makes most sense, backed by a global supply chain and global support functions. Such companies will be more productive, innovative and agile. ....

Wages of neglect
By Ihtasham ul Haque
7690_4_14_2014_1.gifThe cash-starved Pakistani state has been urged by the World Bank to rehabilitate its old and crumbling infrastructure by enhancing its annual development outlay from a meagre three percent of GDP to 10 percent.

Pakistan, said the worrying report, needs to fill the gap between demand and supply with a view to rebuilding and improving its fragile infrastructure, which is prohibiting sizable local and foreign investment across the country. ....

Runaway success
By Haris Zamir
7691_4_14_2014_1.gifThe startlingly positive response to Pakistan’s Eurobonds issue is a nightmare of sorts for those deriding the government’s efforts to bring the economy back on track.

For a government that was looking to issue Eurobonds worth only $500 million, garnering interest worth between $5.5 billion and $6.5 billion is a tremendous achievement. In a swift response to the unprecedented interest among foreign buyers of government debt, finance ministry officials decided to sell five-year bonds worth $1 billion and 10-year bonds worth another $1 billion. ....

Disney opts out
By Majyd Aziz
7692_4_14_2014_1.gif“Mickey Mouse is a funny animal cartoon character and the official mascot of The Walt Disney Company. He was created by Walt Disney and Ub Iwerks at the Walt Disney Studios in 1928. An anthropomorphic mouse who typically wears red shorts, large yellow shoes, and white gloves, Mickey has become one of the most recognisable cartoon characters in the world,” reads an entry on Wikipedia.

Walt Disney took an animal that is usually found in filth, in dirty holes, and in polluted sewers and transformed it into an intelligent, endearing and adorable icon loved by millions of children and even adults. ....

A case for quality
By Farid Khan Marwat
7693_4_14_2014_1.gifQuality is defined as conformance to requirements and fitness for use of goods in a technical sense. It is the totality of features and characteristics of a product or service that bear on its ability to satisfy stated or implied needs.

Quality dimensions among others include operation reliability, durability, conformance, serviceability, appearance and perceived quality etc. Many international standards exist to monitor quality standards such as a series of standards, developed and published by the International Organisation for Standardisation (ISO), that define, establish, and maintain an effective quality assurance system for manufacturing and service industries. ....

How India handled the financial crisis
By Sourajit Aiyer
7694_4_14_2014_1.gifThe current economic slowdown in India is not just an aftereffect of the financial crisis of 2007. A lot is written on how China and India received only minor bruises from that crisis due to certain structural patterns in which they had opened up their economies in the last two decades. Conversely, many advanced economies caught a cold when America sneezed. But the Indian growth chart does not show minor bruises. It shows deeper cuts. The financial crisis had actually coincided with another severe crisis in India – an utter failure of governance implementation. The combined effects of the two crises are visible, and the global community is debating whether the India story is over. But there is always something to learn from every adversity. ....

Confessions of a departing employee
By Sirajuddin Aziz
7695_4_14_2014_1.gifOne of the key performance indicators human resource personnel are held accountable for is the organisational churn rate or retention rate. This number has always been notorious and now with the changing workforce demographics it is becoming increasing challenging to reign in.

Often one comes across managers who upon receiving a resignation from their team member wonder in their minds, ‘what a fool this person is to go for more money’ or ‘what’s wrong with him to leave such a fabulous job’. ....

The empowerment dilemma
By Amtul Hafeez
7696_4_14_2014_1.gifThe status of women in Pakistan changes across classes, regions and rural-urban divide due to irregular socio-economic development and the considerable impact of tribal, feudal and capitalist social structure on a woman’s life in Pakistan.

The status and empowerment of women in households and society has been a major topic in national development policies of Pakistan since independence. The Constitution of Pakistan advocates full participation of women in all spheres of national life and therefore guarantees non-discrimination against women. ....

Executive burnout
By Farooq Hassan
7697_4_13_2014_1.gifLast autumn, I was working out at the gym late at night. It was 10pm and the only people present were I and the trainer. A very old member of the club, who had never visited the gym before, came into the gym. He told the trainer “put me on a machine so I can attract a lot of girls”. The trainer replied “Sir, try the ATM”.

Executive fitness is a burning issue. With the pressure of work, most executives are burning out in their 40s. In the US, the annual healthcare bill is approximately $1.4 trillion. Corporations worldwide are faced with the challenges of executive fitness. In Japan, executives work 70 hours a week, with no time for family or friends. ....

  Week in review  
Week in review
7698_4_14_2014_1.gifAfter seven years, Pakistan made a historic return to the international bond market with a US dollar denominated dual tranche offering, aggregating $2 billion, raising $1 billion each in five-year and 10-year terms ....

More Articles   
- How India handled the financial crisis

- A case for quality

- Business is going native again
- Rising inequality is a blemish on Asia’s growth story
- Chinese savers can scorch the world
- Restructuring hell at the World Bank

- Wages of neglect

- The empowerment dilemma

- Executive burnout

- Confessions of a departing employee

- Disney opts out

- Runaway success

Week in review
- Week in review


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