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Department of Admin Sciences, Allama Iqbal Open University, Islamabad www.aiou.edu.pk “STRATEGY“STRATEGY
Department of Admin Sciences,
Allama Iqbal Open University, Islamabad
www.aiou.edu.pk
“STRATEGY“STRATEGY FORMULATION”FORMULATION”
PresentedPresented By:By: M.M. HammadHammad ManzoorManzoor
MBAMBA HRMHRM IIlIIl
RollRoll No.No. 508195394508195394
SupervisedSupervised By:By: Prof.Prof. SafdarSafdar AhmedAhmed KhanKhan
((November,November, 2010)2010)
Email: explorationist@gmail.com
Cell: 0321 – 584 2326
M. HAMMAD MANZOOR, MBA HRM - III
Roll No. 508195394, Karachi Campus
Department of Admin Sciences, Allama Iqbal Open University, Islamabad www.aiou.edu.pk WELCOMEWELCOME TOTO THETHE
Department of Admin Sciences,
Allama Iqbal Open University, Islamabad
www.aiou.edu.pk
WELCOMEWELCOME
TOTO THETHE PARTICIPANTSPARTICIPANTS
Email: explorationist@gmail.com
Cell: 0321 – 584 2326
M. HAMMAD MANZOOR, MBA HRM - III
Roll No. 508195394, Karachi Campus
Department of Admin Sciences, AgendaAgenda ItemsItems forfor PresentationPresentation Allama Iqbal Open University,
Department of Admin Sciences,
AgendaAgenda ItemsItems forfor PresentationPresentation
Allama Iqbal Open University, Islamabad
www.aiou.edu.pk
• Introduction about Author and Project
• Acknowledgement
• Abstract
• Introduction to the Issue
• Practical Study – Petroleum Exploration Pvt. Limited (PEL)
• Data Collection Method / Analysis
• SWOT analysis
• Conclusions
• Recommendations
• Q & A Session
Email: explorationist@gmail.com
Cell: 0321 – 584 2326
M. HAMMAD MANZOOR, MBA HRM - III
Roll No. 508195394, Karachi Campus
Department of Admin Sciences, IntroductionIntroduction aboutabout PresenterPresenter andand ProjectProject Allama Iqbal
Department of Admin Sciences,
IntroductionIntroduction aboutabout PresenterPresenter andand ProjectProject
Allama
Iqbal Open University, Islamabad
www.aiou.edu.pk
• Introduction about Presenter “My Self”
• Introduction about Project
““ Strategy Formulation ”
Philosophy of the project is,
“How to understand the problem and find out a patent
solution”
Email: explorationist@gmail.com
Cell: 0321 – 584 2326
M. HAMMAD MANZOOR, MBA HRM - III
Roll No. 508195394, Karachi Campus
Department of Admin Sciences, AcknowledgementAcknowledgement Allama Iqbal Open University, Islamabad www.aiou.edu.pk
Department of Admin Sciences,
AcknowledgementAcknowledgement
Allama Iqbal Open University, Islamabad
www.aiou.edu.pk
• To Almighty ALLAH
• To Honorable Faculty AIOU, Prof. Safdar Ahmed Khan
• To Mr. Mansoor , AIOU, Karachi Campus
• To Mr. Tariq Ali G.M. Human Resoureces
(Petroleum Exploration Pvt. Limited), Islamabad)
• To my Class fellows of MBA – III (Waleem, Javed, Sohail &
Zehra etc)
• To my students at Islamabad (Bahria University, Islamabad)
• To my family members
Email: explorationist@gmail.com
Cell: 0321 – 584 2326
M. HAMMAD MANZOOR, MBA HRM - III
Roll No. 508195394, Karachi Campus
Department of Admin Sciences, AbstractAbstract Allama Iqbal Open University, Islamabad www.aiou.edu.pk •
Department of Admin Sciences,
AbstractAbstract
Allama Iqbal Open University, Islamabad
www.aiou.edu.pk
• Introduction to project
Objective:
1) What is Strategy?
2) What is Formulation?
3) Relationship of Strategy & Formulation
3) What are the main implication of Strategy Formulation?
4) How they could be effective in regard of Organizational
• Understanding the Problem
• Methodology Used
• Comparison of Different strategies
• Merits & Demerits Analysis
• Opportunities & Threats
• Conclusions
• Recommendations
Email: explorationist@gmail.com
Cell: 0321 – 584 2326
M. HAMMAD MANZOOR, MBA HRM - III
Roll No. 508195394, Karachi Campus
Department of Admin Sciences, Allama Iqbal Open University, Islamabad www.aiou.edu.pk INTRODUCTIONINTRODUCTION Email:
Department of Admin Sciences,
Allama Iqbal Open University, Islamabad
www.aiou.edu.pk
INTRODUCTIONINTRODUCTION
Email: explorationist@gmail.com
Cell: 0321 – 584 2326
M. HAMMAD MANZOOR, MBA HRM - III
Roll No. 508195394, Karachi Campus
Department of Admin Sciences, INTRODUCTIONINTRODUCTION Allama Iqbal Open University, Islamabad www.aiou.edu.pk
Department of Admin Sciences,
INTRODUCTIONINTRODUCTION
Allama Iqbal Open University, Islamabad
www.aiou.edu.pk
IntroductionIntroduction
Strategy V/s
Strategy V/s
StrategyStrategy
FormulationFormulation
Formulation
Formulation
OrganizationOrganization
Relationship
Relationship
Email: explorationist@gmail.com
Cell: 0321 – 584 2326
M. HAMMAD MANZOOR, MBA HRM - III
Roll No. 508195394, Karachi Campus
Department of Admin Sciences, StrategyStrategy FormulationFormulation asas aa partpart ofof StrategicStrategic
Department of Admin Sciences,
StrategyStrategy FormulationFormulation asas aa partpart ofof StrategicStrategic ManagemManagementent
Allama Iqbal Open University, Islamabad
www.aiou.edu.pk
Strategic management is an ongoing process to develop and revise future-oriented strategies
that allow an organization to achieve its objectives, considering its capabilities, constraints, and
the environment in which it operates.
Strategy Formulation as a part of Strategic
Strategy Formulation as a part of Strategic
Management
Management
DiagnosisDiagnosis
FormulationFormulation
ImplementationImplementation
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M. HAMMAD MANZOOR, MBA HRM - III
Roll No. 508195394, Karachi Campus
Department of Admin Sciences, StrategicStrategic ManagementManagement ProcessProcess Allama Iqbal Open University,
Department of Admin Sciences,
StrategicStrategic ManagementManagement ProcessProcess
Allama Iqbal Open University, Islamabad
www.aiou.edu.pk
Analysis of
internal
strengths and
weaknesses
Establishment
of mission,
vision, and
goals
SWOT analysis
and strategy
formulation
Strategy
Strategic
implementation
control
Analysis of
external
opportunities
and threats
Email: explorationist@gmail.com
Cell: 0321 – 584 2326
M. HAMMAD MANZOOR, MBA HRM - III
Roll No. 508195394, Karachi Campus
Department of Admin Sciences, Strategic Management Process Allama Iqbal Open University, Islamabad www.aiou.edu.pk •
Department of Admin Sciences,
Strategic Management Process
Allama Iqbal Open University, Islamabad
www.aiou.edu.pk
• Step 1: establishment of mission, vision, and goals
– mission - basic purpose and values of the organization
• defines the scope of operations
• states the organization’s reason to exist
• written in terms of the general clients served by the
organization
– strategic vision - provides a perspective on where the
company is headed and what the organization can become
• moves beyond the mission statement
– strategic goals - evolve from the mission and vision of the
organization
• need to be communicated to everyone who has contact
with the organization
Email: explorationist@gmail.com
Cell: 0321 – 584 2326
M. HAMMAD MANZOOR, MBA HRM - III
Roll No. 508195394, Karachi Campus
Department of Admin Sciences, Strategic Management Process Allama Iqbal Open University, Islamabad www.aiou.edu.pk •
Department of Admin Sciences,
Strategic Management Process
Allama Iqbal Open University, Islamabad
www.aiou.edu.pk
• Step 2: analysis of external opportunities and threats
– successful strategic management depends on an accurate and
thorough evaluation of the environment
– stakeholders - groups and individuals who affect and are
affected by the achievement of the organization’s mission,
goals, and strategies
– forecasting future trends is critical
– must develop a clear sense of market opportunities
• identify potential threats as well
• difference between an opportunity and threat may depend
on how a company positions itself strategically
Email: explorationist@gmail.com
Cell: 0321 – 584 2326
M. HAMMAD MANZOOR, MBA HRM - III
Roll No. 508195394, Karachi Campus
Department of Admin Sciences, Strategic Management Process – Environmental Analysis Allama Iqbal Open University,
Department of Admin Sciences,
Strategic Management Process – Environmental Analysis
Allama Iqbal Open University, Islamabad
www.aiou.edu.pk
Industry and
market analysis
Technological
Competitor
analysis
analysis
E
nv ronmen a
Analysis
i
t
l
Macroeconomic
analysis
Political and
regulatory analysis
Human resources
analysis
Social
analysis
Email: explorationist@gmail.com
Cell: 0321 – 584 2326
M. HAMMAD MANZOOR, MBA HRM - III
Roll No. 508195394, Karachi Campus
Department of Admin Sciences, Strategic Management Process Resources & Core Competence Allama Iqbal Open
Department of Admin Sciences,
Strategic Management Process
Resources & Core Competence
Allama Iqbal Open University, Islamabad
www.aiou.edu.pk
Resources
are rare
Resources
Resources
Core
are
are
competencies
organized
inimitable
Resources
are
valuable
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Cell: 0321 – 584 2326
M. HAMMAD MANZOOR, MBA HRM - III
Roll No. 508195394, Karachi Campus
Department of Admin Sciences, Strategic Management Process Allama Iqbal Open University, Islamabad www.aiou.edu.pk •
Department of Admin Sciences,
Strategic Management Process
Allama Iqbal Open University, Islamabad
www.aiou.edu.pk
• Step 3: analysis of internal strengths and weaknesses
– Resources - inputs to production that can be accumulated over
time to enhance the performance of the firm
• may be tangible or intangible assets
• provide a competitive advantage if:
– the resource is instrumental in creating customer value
– the resource is rare and not equally available from
other sources
– resource is difficult to imitate
– resource is well organized
– Core competence - something a company does especially well
relative to its competitors
• usually a set of skills or expertise in some activity
Email: explorationist@gmail.com
Cell: 0321 – 584 2326
M. HAMMAD MANZOOR, MBA HRM - III
Roll No. 508195394, Karachi Campus
Department of Admin Sciences, Strategic Management Process Internal Resources Analysis Allama Iqbal Open University,
Department of Admin Sciences,
Strategic Management Process
Internal Resources Analysis
Allama Iqbal Open University, Islamabad
www.aiou.edu.pk
Financial
analysis
Other internal
resource analysis
Internal
Human resource
assessment
Resource
Analysis
Operations
Marketing audit
analysis
Email: explorationist@gmail.com
Cell: 0321 – 584 2326
M. HAMMAD MANZOOR, MBA HRM - III
Roll No. 508195394, Karachi Campus
Department of Admin Sciences, Strategic Management Process Allama Iqbal Open University, Islamabad www.aiou.edu.pk •
Department of Admin Sciences,
Strategic Management Process
Allama Iqbal Open University, Islamabad
www.aiou.edu.pk
Step 3: internal strengths and weaknesses (cont.)
Benchmarking - process of assessing how well one company’s
basic functions and skills compare to those of other companies
• goal is to thoroughly understand the “best practices” of
other firms
• only permits imitating rather than surpassing competitors
Step 4: SWOT analysis and strategy formulation
-
SWOT
analysis
comparison
of
strengths,
weaknesses,
opportunities, and threats
• helps summarize the major facts and forecasts derived from
external and internal analyses
• used as the basis for identifying primary and secondary
strategic issues confronting the organization
Email: explorationist@gmail.com
Cell: 0321 – 584 2326
M. HAMMAD MANZOOR, MBA HRM - III
Roll No. 508195394, Karachi Campus
Department of Admin Sciences, Level of Strategies – Strategy Formation Allama Iqbal Open University, Islamabad
Department of Admin Sciences,
Level of Strategies – Strategy Formation
Allama Iqbal Open University, Islamabad
www.aiou.edu.pk
Level of Strategies
Corporate Strategy
Competitive Strategy
(Business Level
Strategy)
Functional Level
Strategy
Email: explorationist@gmail.com
Cell: 0321 – 584 2326
M. HAMMAD MANZOOR, MBA HRM - III
Roll No. 508195394, Karachi Campus
Department of Admin Sciences, Strategic Management Process Allama Iqbal Open University, Islamabad www.aiou.edu.pk –
Department of Admin Sciences,
Strategic Management Process
Allama Iqbal Open University, Islamabad
www.aiou.edu.pk
– Corporate strategy - identifies the set of businesses, markets,
or industries in which the organization competes and the
distribution of resources among those businesses
-
• concentration
strategy
focuses
on
a single business
competing in a single industry
• vertical
-
organization into supply channels or to distributors
integration
expands
the
domain
of
the
• concentric diversification - moving into businesses that are
related to the company’s original core business
• conglomerate
businesses
diversification
- expands into unrelated
Email: explorationist@gmail.com
Cell: 0321 – 584 2326
M. HAMMAD MANZOOR, MBA HRM - III
Roll No. 508195394, Karachi Campus
Department of Admin Sciences, Strategic Management Process Allama Iqbal Open University, Islamabad www.aiou.edu.pk
Department of Admin Sciences,
Strategic Management Process
Allama Iqbal Open University, Islamabad
www.aiou.edu.pk
ConcentrationConcentration
Vertical
Vertical
Integration
Integration
CorporateCorporate
StrategyStrategy
Unrelated
Unrelated
Diversification
Diversification
Related
Related
Diversification
Diversification
Email: explorationist@gmail.com
Cell: 0321 – 584 2326
M. HAMMAD MANZOOR, MBA HRM - III
Roll No. 508195394, Karachi Campus
Department of Admin Sciences, Allama Iqbal Open University, Islamabad www.aiou.edu.pk • • Allows a firm
Department of Admin Sciences,
Allama Iqbal Open University, Islamabad
www.aiou.edu.pk
• •
Allows a firm to master one business
Allows a firm to master one business
– –
In-depth knowledge
In-depth knowledge
– –
Easier to achieve competitive advantage
Easier to achieve competitive advantage
• •
Organizational resources under less strain
Organizational resources under less strain
• •
Lack of ambiguity concerning strategic direction
Lack of ambiguity concerning strategic direction
– –
Consensus
Consensus
• •
Sometimes found more profitable than other strategies
Sometimes found more profitable than other strategies
(dependent on industry, of course)
(dependent on industry, of course)
Email: explorationist@gmail.com
Cell: 0321 – 584 2326
M. HAMMAD MANZOOR, MBA HRM - III
Roll No. 508195394, Karachi Campus
Department of Admin Sciences, Allama Iqbal Open University, Islamabad www.aiou.edu.pk • • Risky in unstable
Department of Admin Sciences,
Allama Iqbal Open University, Islamabad
www.aiou.edu.pk
• •
Risky in unstable environments
Risky in unstable environments
• •
Product obsolescence and industry maturity
Product obsolescence and industry maturity
• •
Cash flow problems
Cash flow problems
Email: explorationist@gmail.com
Cell: 0321 – 584 2326
M. HAMMAD MANZOOR, MBA HRM - III
Roll No. 508195394, Karachi Campus
Department of Admin Sciences, Allama Iqbal Open University, Islamabad www.aiou.edu.pk TheThe VerticalVertical
Department of Admin Sciences,
Allama Iqbal Open University, Islamabad
www.aiou.edu.pk
TheThe VerticalVertical SupplySupply ChainChain
Final
Raw
Primary
Whole-
Product
Materials
Manufac-
Retailing
li
Manufac- sa ng
Extraction
turing
turing
Vertical Integration:
Vertical Integration:
The extent to which an organization is involved in
The extent to which an organization is involved in
multiple stages of the industry supply chain
multiple stages of the industry supply chain
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Cell: 0321 – 584 2326
M. HAMMAD MANZOOR, MBA HRM - III
Roll No. 508195394, Karachi Campus
Department of Admin Sciences, WhenWhen toto VerticallyVertically IntegrateIntegrate Allama Iqbal Open University,
Department of Admin Sciences,
WhenWhen toto VerticallyVertically IntegrateIntegrate
Allama Iqbal Open University, Islamabad
www.aiou.edu.pk
• •
When it costs less to do so
When it costs less to do so
– –
Stated cost of product or service
Stated cost of product or service
– –
Time Time
and resources devoted to contract creation and
and resources devoted to contract creation and
enforcement (transaction costs)
enforcement (transaction costs)
• •
Transaction costs are high (market failure) when:
Transaction costs are high (market failure) when:
– –
Highly uncertain future
Highly uncertain future
– –
One or small number of suppliers
One or small number of suppliers
– –
K K
now e
now e
l
l
d
d
ge
ge
diff
diff
erences
erences
– –
Asset specificity
Asset specificity
Email: explorationist@gmail.com
Cell: 0321 – 584 2326
M. HAMMAD MANZOOR, MBA HRM - III
Roll No. 508195394, Karachi Campus
Department of Admin Sciences, Allama Iqbal Open University, Islamabad www.aiou.edu.pk UnrelatedUnrelated
Department of Admin Sciences,
Allama Iqbal Open University, Islamabad
www.aiou.edu.pk
UnrelatedUnrelated DiversificationDiversification
•• AntitrustAntitrust lawslaws andand financialfinancial theoriestheories mademade itit
popular
popular
• •
Not a particularly high performing strategy for
Not a particularly high performing strategy for
most firms (with a few notable exceptions)
most firms (with a few notable exceptions)
Email: explorationist@gmail.com
Cell: 0321 – 584 2326
M. HAMMAD MANZOOR, MBA HRM - III
Roll No. 508195394, Karachi Campus
Department of Admin Sciences, RelatedRelated DiversificationDiversification Allama Iqbal Open University, Islamabad
Department of Admin Sciences,
RelatedRelated DiversificationDiversification
Allama Iqbal Open University, Islamabad
www.aiou.edu.pk
• •
Based on tangible and intangible relatedness
Based on tangible and intangible relatedness
• •
In theory, can lead to synergy (but synergy is often
In theory, can lead to synergy (but synergy is often
illusive)
illusive)
• •
Often a higher performing strategy than unrelated
Often a higher performing strategy than unrelated
diversification (lower risk and higher profitability)
diversification (lower risk and higher profitability)
• •
Can lead to corporate-level distinctive competencies
Can lead to corporate-level distinctive competencies
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M. HAMMAD MANZOOR, MBA HRM - III
Roll No. 508195394, Karachi Campus
Department of Admin Sciences, MergersMergers andand AcquisitionsAcquisitions Allama Iqbal Open University, Islamabad
Department of Admin Sciences,
MergersMergers andand AcquisitionsAcquisitions
Allama Iqbal Open University, Islamabad
www.aiou.edu.pk
• •
High Premiums
High Premiums
• •
Increased Interest
Increased Interest
Costs
Costs
• •
High Advisory Fees
High Advisory Fees
• •
Poison Pills
Poison Pills
• •
High Turnover
High Turnover
• •
Mana erial
Mana erial
g g
Distraction
Distraction
• •
Less Innovation
Less Innovation
• •
Lack of Fit
Lack of Fit
• •
Increased Risk
Increased Risk
Email: explorationist@gmail.com
Cell: 0321 – 584 2326
M. HAMMAD MANZOOR, MBA HRM - III
Roll No. 508195394, Karachi Campus
Department of Admin Sciences, Allama Iqbal Open University, Islamabad PRACTICAL STUDY – PETROLEUM EXPLORATION Pvt.
Department of Admin Sciences,
Allama Iqbal Open University, Islamabad
PRACTICAL STUDY – PETROLEUM EXPLORATION Pvt. LIMITED (PEL)
www.aiou.edu.pk
PETROLEUMPETROLEUM EXPLORATIONEXPLORATION Pvt.Pvt. LIMITEDLIMITED (PEL)(PEL)
• Incorporated in June 1994 under the Companies Act,
Petroleum Exploration (Private) Limited (PEL) is based at Islamabad,
Pakistan.
PEL charter fulfills Government of Pakistan strategic policy
objectives of creating indigenous corporate entities in the private sector
for exploration and production of hydrocarbon deposits.
• Under the dynamic leadership of Mr. Zaheeruddin, Chairman
and Chief Executive, PEL has embarked upon a very aggressive exploration
program to rapidly search new deposits of hydrocarbons and undertake its
development of new discoveries on fast track basis.
• PEL has a highly experienced team of petroleum professionals
including geologists, geophysicists, petroleum and process engineers, and
financial experts. It is adequately equipped with logistics and support
services. PEL has recently engaged an industry renowned Stanford
alumnus Dr. Gulfaraz Ahmed as the Chief Operating Officer. He is
committed to developing PEL into a well resourced integrated team of
cutting-edge expertise.
• PEL believes in optimally exploiting knowledge/technology by
outsourcing to the leaders in service industry.
• PEL has concluded an agreement with D&S International
Consulting Limited, Calgary Alberta, Canada, for the provision of technical
services.
Email: explorationist@gmail.com
Cell: 0321 – 584 2326
M. HAMMAD MANZOOR, MBA HRM - III
Roll No. 508195394, Karachi Campus
Department of Admin Sciences, Allama Iqbal Open University, Islamabad www.aiou.edu.pk PETROLEUMPETROLEUM
Department of Admin Sciences,
Allama Iqbal Open University, Islamabad
www.aiou.edu.pk
PETROLEUMPETROLEUM EXPLORATIONEXPLORATION Pvt.Pvt. LIMITEDLIMITED (PEL)(PEL)
Email: explorationist@gmail.com
Cell: 0321 – 584 2326
M. HAMMAD MANZOOR, MBA HRM - III
Roll No. 508195394, Karachi Campus
Department of Admin Sciences, Allama Iqbal Open University, Islamabad PRACTICAL STUDY – PETROLEUM EXPLORATION Pvt.
Department of Admin Sciences,
Allama Iqbal Open University, Islamabad
PRACTICAL STUDY – PETROLEUM EXPLORATION Pvt. LIMITED (PEL)
www.aiou.edu.pk
Email: explorationist@gmail.com
Cell: 0321 – 584 2326
M. HAMMAD MANZOOR, MBA HRM - III
Roll No. 508195394, Karachi Campus
Department of Admin Sciences, Strengths / Merits Allama Iqbal Open University, Islamabad www.aiou.edu.pk • The
Department of Admin Sciences,
Strengths / Merits
Allama Iqbal Open University, Islamabad
www.aiou.edu.pk
• The company is wholly Pakistani owned and has the bright future in the energy
sector of Pakistan.
• Senior and superior professionals have been engaged with for the exploration and
production of hidden energy natural assets of Oil and Gas.
• The company has very aggressive future plans for drilling and production of Oil and
Gas.
• The company is fully equipped with modern day equipment for the facilitation of
employees to enhance their performance effectively.
• Highly Self esteemed professionals, shown in the Organogram, been used for
creating more progressive for running the plant.
• Under the proctorship of Mr. Zaheeruddin the company is developing by leaps and
bounds and spreading its business throughout Pakistan and abroad.
• Have Joint Venture with almost 70% E&P companies operating in Pakistan.
• Mr. Zaheeruddin was awarded the best business man for the year 2007 by the Prime
Minister of Pakistan.
• The departments like Exploration, Production and Process are working cordially and
proving to be the back bone of each other.
• Mr. Zaheeruddin and Co. does have very good relations with Govt. which is very
important especially in the matter of acreage allocation.
• The company is on the verge of developing several ongoing projects which would
prove a real epic in the disastrous power and energy shortage situation of the
country.
• Equal opportunity Employer.
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Cell: 0321 – 584 2326
M. HAMMAD MANZOOR, MBA HRM - III
Roll No. 508195394, Karachi Campus
Department of Admin Sciences, Weakness / De-Merits Allama Iqbal Open University, Islamabad www.aiou.edu.pk • PEL
Department of Admin Sciences,
Weakness / De-Merits
Allama Iqbal Open University, Islamabad
www.aiou.edu.pk
• PEL holds low strategy management.
• Risk taking persons are lying in the low cadre
area, which is leaning behind in their personal
progress.
• Administrations department does not have
enough strength to cop with day to day affairs.
• Generally proceed with offensive strategy.
• It does not have proper opportunities for policy
maker professionals.
Email: explorationist@gmail.com
Cell: 0321 – 584 2326
M. HAMMAD MANZOOR, MBA HRM - III
Roll No. 508195394, Karachi Campus
Department of Admin Sciences, Conclusions Allama Iqbal Open University, Islamabad www.aiou.edu.pk • Block – 22
Department of Admin Sciences,
Conclusions
Allama Iqbal Open University, Islamabad
www.aiou.edu.pk
• Block – 22 contains most of the professional
good policy and thinker
• Professionals generally hold less market
strategy
• Future entrepreneur of in Pakistan energy sector.
• HR department can be strengthened by hiring
management professionals who can add the value to its
business.
• Coporate strategy can be improved by making
the high management staff more trained and more
motivate
Recommendations
• Administration department needs to address for of
hiring experienced professionals of the relevant trade.
• The emphasis of the company emphasized is work
progress, nor on the strategic management of
project, which could be helpful for company
operation smooth conduction and helping out for
better prospectivity in the form of his personal
growth, strategy management and motivation to
company.
Email: explorationist@gmail.com
Cell: 0321 – 584 2326
M. HAMMAD MANZOOR, MBA HRM - III
Roll No. 508195394, Karachi Campus
Department of Admin Sciences, Allama Iqbal Open University, Islamabad www.aiou.edu.pk Thanks for your patience
Department of Admin Sciences,
Allama Iqbal Open University, Islamabad
www.aiou.edu.pk
Thanks for your patience
☺☺☺☺,,,,,,
Q & A Session
Email: explorationist@gmail.com
Cell: 0321 – 584 2326
M. HAMMAD MANZOOR, MBA HRM - III
Roll No. 508195394, Karachi Campus