Business Summit offers new channels of thinking
The ‘1st Pakistan Business Leaders Summit’ was held in Karachi on September 28, on the theme of ‘Business Leadership for New Economic Realities’.
The Summit was addressed by prominent speakers representing the country’s industrial sector. The industry leaders of Pakistan provided a collective consensus on the need for strong private leadership in a developing society as economic activities in the private sector ensure the stability and success of a government. Higher growth by the private sector translates into a financially stronger government as only increased business activity can generate revenue for the government. The speakers described the job of the leadership in the businesses being focused at creating an enabling environment at the workplace that would motivate the human resource to be more productive and innovative.
The Summit was organized by Nutshell Forum in collaboration with PPMA, ICAP, ICMAP, PICG, CIPE, INSEAD Alumni Association of Pakistan, Marketing Association of Pakistan, MIT Enterprise Forum Pakistan, TIP, MPF and Pakistan Software Houses Association. PTCL, Teradata and Getz Pharma were the gold sponsors while the Institute of Business Management was the Academic Partner. Sanofi-aventis, Shield and Pharmevo were the silver sponsors of the event. According to Azfar Ahsan, CEO Nutshell Forum, the 1st Pakistan Business Leaders Summit served as an outstanding learning experience and a healthy networking opportunity for the executives and decision-makers from across the country.
In the day-long event, the speakers deliberated in detail the problem faced by the sector and also gave their views on how effective utilization of resources can benefit the organisation in the current scenario.
Addressing the summit, Nadeem Naqvi, Managing Director, Karachi Stock Exchange said that leadership could be developed only through promoting positive aspects of business. He also delivered a speech on ‘Transformational Leadership from Emerging Markets’. Talking about ‘Leaving a Leadership Legacy’ Dr Shams Kasim Lakha, Chairman, Pakistan Center for Philanthropy, disregarded the construction of buildings and offices as the only necessary step to enhance business. He instead focused on training of employees and promotion of ethics and programs for their welfare as major requirements to develop business leadership.
Waqar A. Malik, CEO, ICI Pakistan Limited, said that the world’s resources, once divided among one billion people almost 100 years ago, were now being distributed among 6.5 billion people. Until new ideas, techniques and value addition are not adopted, the challenges in the near term would continue to be tough for the third world economy.
Syed Veqar ul Islam, SVP, Head of Middle East Africa Region and Member Executive Board, Comptel Corporation, Finland, said that the leadership was losing trust of their employees in their respective organizations in the same manner that the political leadership was losing its credibility among the masses, because of the contradiction between what they preach and what they practice. According to him, the situation has created a leadership crisis at all levels in the country, including business.
“Our company brings major changes in its business strategy after every 18 months to adapt to the changes,” IBM Pakistan Country General Manager Humayun Bashir stated. “If we give space, others will come and fill the gap and we will lose what we could get with innovative solutions.” Currently President of the American Business Council (ABC), Bashir urged the business leaders to create new avenues along with their ongoing businesses.
The objective of the 1st Pakistan Business Leaders Summit was well summarized in the message by Azfar Ahsan, “The Pakistan Business Leaders Summit inspires the passion and performance you need to move your organization forward into the future. Listen to the insights into the challenges ahead, find out the latest methods of competing in the challenging environment and learn the skills involved to be prepared for these challenges.
“It is expected that after attending the informative summit, senior executives and business leaders would return to their offices with a clearer outlook and with practical solutions to some of the executive challenges that lie ahead. The Summit opens new channels of thinking which can be translated into tangible business solutions for your organizations