School of Business and Economics (SBE)
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Item Academic counseling: a positive analysis for investigating the role of teacher-student interaction at business schools(Global Business Review, 2005) Ahmed F. SiddiqiThe study investigates the relationship between cognitive and affective outcomes of the quality of teacher-student interaction at different business schools in Pakistan. As early as 1936, Kurt Lewin recognized that the environment was a determinant of human behaviour and performance. Following Lewin s work, Murray proposed a Needs-Press model in which situational variables found in the environment account for a degree of behavioural variance. Attempts were also made to study situational variables found in the environment that affect the learning process, on the one hand, and students professional performance, on the other. A multistage stratified random sampling plan was used to select a sample from business schools at Lahore, Islamabad, Multan and Karachi. Stratification was done first at the ownership level, where the two strata consist of public and private sector schools. At the second stage, three strata were made according to the students' background, where students coming from English-medium schools, semi-English-medium schools and vernacular-medium schools were placed in three strata. In the third stage, the stratification was done on a gender basis. In the final stage, students were selected using systematic sampling. Such a multi-stage stratification plan permitted us to do an in-depth analysis of the whole process of teacher student interaction. The study identifies the types of interactions that are most likely to enhance students progress in business administration courses. It also identifies the important factors inhibiting or encouraging, teacher-student interaction. Further, it provides suggestions to enhance this interaction process.Item Aligning the supply chains of educational institutes with business strategy(PIQC Institute of Quality, 2007) Asher Ramish; Ijaz YusufSchools that offer business subjects or arts in any part of the world either offer quality education leading to high expense or would opt for medium quality education and focusing more on getting economies of scales. Supply chain optimization of educational institutions is highly dependant on number of parameters which I refer to as drivers (e.g. no. of faculty, students, empowerment of faculty etc.), the intensity level of which needs to be gauged always. A common challenge is to not only highlighting those drivers and their inter-dependencies across the business framework of the institution but to seek the line of demarcation in the entire range (intensity) offered by that specific driver. That ONLY would be possible if business strategy is clearly defined. This Paper represents a model based on integration of various causal loop diagrams on selecting the intensity levels of each driver so as to chalk out an appropriate system model aligned and optimized. This model will direct or guide you to fine tune a specific driver to create synchronization and help align your supply chain network with business strategy. We find that by varying the intensity levels of one of the drivers may misalign your educational institution’s supply chain from business strategy and vice versa. An SD model is made formulating a spectrum of education quality, one extreme of which would be a cost effective education system and the other extreme is a high quality education system. The model encompasses all parametric and structural changes in the educational institution. This system model is a true picture of how the institution’s supply chain is aligned with the business strategy and is a useful guide for all managers and administrators of those educational institutions, the supply chain of which is portraying turmoil in contrary to the business strategy.Item An analysis of oil price volatility using var: evidence from Pakistan(Lahore Journal of Business, 2015) Abdul Rafay; Saqib FaridOil is a crucial economic input and Pakistan’s growth, production levels, and price levels are affected significantly by oil price volatility. This paper captures the impact of oil price shocks on Pakistan’s economy by considering variables such as gross domestic product, the wholesale price index, and large-scale manufacturing index. Our analysis is based on vector autoregression and the results are in line with similar studies. We also determine the precise short-term or long-term impact of oil price volatility on the relevant variables.Item Analysis of workplace surveillance in its quest for an ethical stance(Victoria University, 2007) Saima AhmedThis article examines the incidence of surveillance in higher learning academic institutions in Pakistan. It gives an overview of surveillance in a workplace and outlines how the latest technology has made the task more convenient for the employers. It further delves into the privacy issues that arise as a consequence of surveillance. A review of related ethical theories of has been undertaken to fathom the justification of surveillance practices in the modern workplace. in the literature review section, a number of studies that explore impact of surveillance have been reviewed. The data has been gathered from sixty employees working in different universities (both public and private sector)covering primarily their ethical stance on surveillance practices used.The study would help in figuring out the typical methods used and their extent of usage in order to establish incidence of surveillance in an academic institution setting. Finally relevant hypothesis are tested with available data to comprehend employees ethical stance on deployment of surveillance , their perception changes (if any) in case of availability of notices on surveillance etc.Item Analyzing the assessment methodology of business schools: an empirical investigation(PTQE, 2006) Amer HussainEffective assessment of teaching and learning has become a major issue for higher education all over the world. Effective assessment methodology helps the management universities to upgrade their pedagogy and course curriculum according to the requirement of stakeholders and market competitiveness. Effectiveness in assessment is generated by the mutual agreement of students, faculty and management on applied assessment methods. This research analyses the existing practices and compares it with the perceived approach of students, faculty and management towards assessment methodology in teaching and learning. This paper tries to explore the gap between plasticized and desired assessment methodology. The study develops an estimate of 300 cases, includes 50 faculty, 50 management and 200 students of management universities of Lahore Pakistan. The study collects data through stratified random sampling of six schools including private and public sector on a self-constructed research instrument. Scale is developed with the help of literature, expert opinions, consultation with academicians and students and validated through pilot testing. Various statistical tools are applied using SPSS statistical package and results are developed. The findings of research may help the management of business education institutes to reconsider their applied assessment methodology and design it according to the recommendations of respective stakeholders. The paper also suggests managerial implications and explores future avenues for researchItem Assessing impact of quota elimination on factor productivity growth of textile sector of Pakistan.(Journal of Applied Economics and Business Research,, 2016) Rukhsana KalimExport of textile sector of Pakistan is also dependent on the trade policy of importing countries, particularly European Union and USA, as these countries have been major importer of textile goods of Pakistan. This study is unique in the way that it contributes in existing literature by estimating factor productivity growth of textile sector in the perspective of pre quota and post quota elimination situation, as this has been ignored in past. We explored that textile sector of Pakistan did not get benefit of quota elimination and productivity remained almost stagnant over the period. We suggest penetrating textile export in unrestricted markets apart from European Union and USA and closure of sick units and outdated technology.Item Book review, capitalizing on culture: critical theory for cultural studies(2012) Rana Zamin Abbas; G. MujtabaNot AvailableItem Book review: islami muaashiyaat(University of Management and Technology, 2011) Rana Zamin AbbasThis valuable and absorbing book brings out facts not generally discussed in the field of economics. It presents complex ideas of Islamic Economics from the Quranic and Hadith perspective in a literary and lucid style. Sometimes novice Urdu reader is digressed, but the author’s scholarly artistic style keeps the reader engaged to the end. Gilani begins with factors of production, capital and Quran, labor and Quran, and world as a system of earning bread and butter, equal rights of men and women in the field of economics and then logically links these with prerequisites by mentioning just two words “guardian scholar” (Hafeez o Aleem). In fact, Prophet Hadhrat Yousaf introduced himself to the Egyptian King saying “I am Hafeez o Aleem, so appoint me as a custodian of your lands.” These two words are hardly found in the vocabulary of economic scholars.Item Brief communication: phronesis knowledge as enabler of intuitive decision making(Knowledge Organization, 2015) Sami Ullah Bajwa; Naveda Kitchlew; Khuram Shahzad; Khaliq Ur RehmanDrawing on Nonaka and colleagues’ recent concept of phronesis, as a third type of knowledge that is connoted with practical wisdom, the present article proposes that intuitive decision making ability propels with phronesis. Furthermore, it proposes that cognitive adaptability—as the ability to quickly make sense of changing and complex situations – along with personality, as consistent patterns of behaviors based on social learning, are antecedents of phronesis. The article furnishes a conceptual frame based on contemporary literature on intuition, phronesis, cognitive adaptability, situated cognition, metacognition, and social learning theory of personality.Item Business excellence through total supply chain quality management(Emerald, 2012) Kamran Rashid; M. M. Haris AslamPurpose – The purpose of this paper is to show how the quality practices such as leadership and strategic quality planning, supplier relationship management, customer focus, quality data and reporting, process management and human resource management are as relevant to supply chains as they are to an individual firm. Design/methodology/approach – Based on the review of relevant literature, propositions have been framed to stimulate future research. In order to evaluate the quality management (QM) practices in Pakistani supply chains, three cases have been presented. These cases provide information about QM practices of the case companies with respect to the supply chains they represent. Based on the case comparisons, common themes regarding the state of QM in Pakistani supply chains have been identified. Findings – The current study shows that the state of QM in the supply chain context is at a primitive level in Pakistan. Most organizations have instituted quality departments and devised quality policy and planning inspired by ISO 9000 standards. However, quality culture that promotes bottom-up improvement throughout the organization is nonexistent. Compared with the proposed framework of total supply chain quality management (TSCQM), Pakistani organizations have a long way to go before any significant integration can be achieved in the quality functions at the supply chain level. Originality/value – Building upon the current literature in the field of supply chain and QM, the current study proposes a new, more comprehensive framework TSCQM.Item Can HRM affirmed as a system? Applying general systems theory (GST) on human resource management.(Journal of Management and Research., 2015) Aamir Abbas Chaudhry; Khadijah Saeed Khan; Atif HassanGeneral System Theory (GST) has presented some key concepts that Strategic HRM researchers use to link different HR Systems with organizational strategic goals and performance. In order to apply General System Theory’s underpinnings in Strategic HR literature and to establish the point that GST’s key concepts can be used to explore HR systems, it is necessary to first prove that HR as a distinct function of any organization and can be declared as a system. It is possible, if researchers can prove that all or most of the key concepts presented by GST are present in organization’s HR function and thus Systems Theory/Thinking principles can be applied to design and manage HR function. This conceptual paper takes a look at literature and analyzes all related assumptions of general systems theory in the context of HRM and concluded that HRM can be declared as a system.Item Can stock market development put chains on inflation? A panel cointegration analysis on saarc countries(2015) Ibrahim Sulaiman; Noman ArshedThis study investigates the impact of stock market development on inflation in SAARC countries using panel data approach. The estimated results of Panel OLS, FEM model and REM model have revealed that OLS model is not applicable and we have use panel cointegation to find out unbiased and normally distributed coefficient estimates like Kao Residual Cointegration, Long run estimates FMOLS and short run estimates OLS to find out how stock market development influence inflation. The results of long run estimates FMOLS suggest that market capitalization is decreasing inflation by -0.152%, total value of stock traded is increasing inflation by 0.164% and turnover ratio is decreasing inflation by -0.191% in the long run. Thus, the results suggest that stock market development can help put chains on inflation in SAARC countries by introducing more firms to increase size and volume of share transaction, as they will load to rise in production.Item Challenges for inquiry and knowledge in social construction of reality(Journal of Social Research & Policy., 2015) Naveda Kitchlew; Khuram Shehzad; Samiullah BajwaAs ‘social construction’ philosophy has found footings in contemporary field of knowledge and inquiry, scientists interested in exploring social phenomenon tend to develop relevant methods. However, there exists a philosophical critique on the efficacy of inquirers to accurately explore socially constructed realities and consequent creation of knowledge to be attributed as a real scientific knowledge. This paper aims to argue and expound how the philosophical assumptions behind the conception of socially constructed nature of reality are informed by the principles of scientific inquiry and creation of knowledge.Item Changing revealed comparative advantage of textile and clothing sector of Pakistan: pre and post quota analysis(Pakistan Journal of Commerce and Social Sciences, 2013) Nawaz Ahmad; Rukhsana KalimMany Asian countries have been beneficiaries of quota abolition for textile and clothing sector since 2005. After the implementation of the Agreement on Textile and Clothing (ATC) in December 2004, member countries of World Trade Organization (WTO) have quota-free trade except People’s Republic of China (PRC). It was expected that Pakistan will be beneficiaries in textile and clothing due to expected superior export performance in this sector. Therefore, this study aims estimating revealed comparative advantage (RCA) of textile and clothing sector of Pakistan at HS-2digit level and SITC-3 digit level.It reveals Pakistan has comparative advantage in textile sector and low comparative advantage in clothing sector. Further, it analyzes RCA of textile and clothing sector during the period of pre and post quota and concludes that comparative advantage of Pakistan in textile and clothing sector has been declined during 2011-12.Item Coal consumption: an alternate energy resource to fuel economic growth in Pakistan(Munich Personal RePEc Archive, 2014) Muhammad Shahid Hassan; Saqlain Latif Satti; Haider Mahmood; Muhammad ShahbazThis study is an attempt to revisit the causal relationship between coal consumption and economic growth in case of Pakistan. The present study covers the period of 1974-2010. The direction of causality between the variable is investigated by applying the VECM Granger causality approach. Our findings have exposed that there exists bidirectional Granger causality between economic growth and coal consumption. The Cumulative Sum (CUSUM) and Cumulative Sum of Square (CUSUMSQ) diagrams have not found any structural instability over the period of 1974-2010.Item Comparative analysis of the socioeconomic determinants of foreign direct investment: evidence from Pakistan.(Pakistan Economic and Social Review, 2016) Hafeez ur RehmanForeign direct investment has become an important element in current globalized world. It plays an important role in raising the pace of economic development particularly in developing countries by bridging saving-investment gap and bringing the latest technology from developed countries. The basic objective behind this study is to examine both economic and social determinants of foreign direct investment (FDI) in Pakistan for the period 1984–2015. The study uses cointegration and error correction techniques to examine both the long-run and short-run impact of these determinants on the flow of FDI in Pakistan. Results of the study show that both economic as well as social factors have long-run impact on the flow of FDI in Pakistan. Moreover, vector error correction model confirms the existence of short-run relationship. The results point out that social factors are more important than economic factors in attracting FDI in Pakistan.Item Conceptualizing effect of market orientation on channel strategy(2011) Mobin ul HaqueMarket orientastion literature posits that there exist positive relationship between MO and organization’s performance. Research in market orientation has overlooked the importance of market orientation’s impact on various aspects of marketing strategy especially on distribution channel strategy. Using capability frame work the paper conceptualizes the relationship between various constructs of MO with channel strategy. The article discusses relevant literature and develops propositions in this regard. The paper proposes that channel structure and intensity decisions are directly related to organizations information generation and dissemination capabilities while level of overall MO determines the intentions to control the channel power.Item Connecting east and west: a discourse on the synthetic interpretation of culture(Iqbal Academy, 2008) Ahmad RazaThis paper undertakes a socio-philosophical critique of the concept of culture. It is argued that centrality of the notion of culture owes its theoretical legitimacy to the peculiar cultural and historical developments which took place in the Western Europe connected with French revolution, Enlightenment and Industrial revolution. The modern culture as understood and interpreted in contemporary texts of cultural sciences happens to be the direct philosophical consequence of these intellectual developments. The concept of culture replaced the philosophical primacy of medieval Christian worldview and in turn was established to explain and interpret social reality for the modern Western societies in particular and the rest of the world societies in general. These societies although deeply rooted in religious foundations of culture, nontheless, were influenced and shaped by the Western philosophical discourse through the political and technological forces of colonization and modernizationItem Consequences of worker�s remittances on human capital: an in-depth investigation for a case of Pakistan(IDOSI Publications, 2013) Mahboob Ul Hassan; Haider Mehmood; Muhammad Shahid HassanPurpose: This paper aims to empirically investigate the consequences of worker remittances on human capital formation in case of Pakistan. Methodology: In order to achieve the target of this study; Autoregressive Distributed Lag (ARDL) Bounds Testing Approach is used for the period from 1981-2011. Findings: The findings of this study have exposed that worker’s remittances have an adverse impact on human capital formation. The coefficient of worker’s remittances is significant at 5 percent level of significance. One important justification for the deteriorating impact of worker’s remittances on human capital formation is the negligence of parental care. Particularly, the absence of father or any other close relative from home leads to situations where there can be no checks on the outside home activities of the children. Also, the cultural constraints in the country restrict mothers or any female member of the household to go outside to look after their children’s activities. Therefore; the positive impact of worker’s remittances in the form of inflow of income is offset by the adverse impact of the negligence of the parental care and hence, human capital is showing adverse performance rather improving. Originality/ Novelty: There is hardly any empirical study which investigates the consequences of worker’s remittances on human capital formation in case of Pakistan. This is an attempt which may fill this gap.Item Consumer behavior: buying a cell phone(2013) Salman ZaheerIt was 7th January 2013, first Monday of the year and Areeb was going towards his university from his office as he had to attend a class of his BBA’s last semester. While traveling his mind was on many things after all he was on the verge of completing his under graduation from a prestigious university in Lahore so he was thinking about the last projects, moreover he had established his own business since 2012 (last year) and it was also consuming more and more time as his sales were gradually rising, however, despite all this, nowadays, his thoughts were overshadowed by the notion of next mobile phone that he would be buying.