Busi­ness Sum­mit of­fers new chan­nels of think­ing

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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

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