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In Pakistan also industrial development has been much faster than producing managers. Being an industrially backward country at the time of partition, it got a great fillip after independence in industrial development. Rapid development of industries within a short period of time opened many jobs for managers. However, till 1955 no concrete attempt was made to produce executives. The institute of business administration, under university of Karachi, was the first institution to start producing junior s executive followed by institute of personal management and management association of institute. Since for producing managers at least 2 to 3 academic years are required and that too they are produced in small numbers, the supply of managers in our country remained far lesser than requirements, and as a result we often find executive jobs being handled by unqualified persons.
4. Uncertainties of businessmen:
Businessmen could not plan the managerial training in the past mainly because they were not certain about their future. Super competition, market fluctuations, development of substitutes, political upheavals, and economic vagaries, were some of the reasons why businessmen remained uncertain and indefinite of their future. Therefore, no proper planning for managerial trainin g program was ever initiated by business magnates. They also did not even request the universities to provide such facilities as a result, shortage of managers continued to remain. Uncertain government policies in Pakistan, and fear of nationalization, kept the businessmen simply guessing. They never looked to this problem seriously. Therefore, the country continues to face the problems of shortage of managers even now.
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7. They must think of their social responsibility which demands better services, better quality products and competitive selling price.
A good enterprise aims at creating a condition which really motivates a manager to serve with maximum devotion and sincerity. For, it believes that whatever capability, experience, or knowledge an executive can have4, he cannot put his best efforts unless he is fully satisfied with his career .
3. FINANCIAL REWARD
Remuneration given to employee should be reasonable and according to their status he enjoys. A reasonable salary which is justified offered to an executive which would makes him mentally satisfied and fully contented.
4. AUTHORITY/POWER
An executive can only show his worth or capability when he has free atmosphere to work at Therefore, a careful delegation of authority, made to an executive, provides him satisfactory atmosphere to work with maximum devotion and the least interferences.
5. PRESTIGE
Every employee at what ever position he is working is entitled for human respect; respect to his own self. This is a natural urge that must be fully met if we want real sincerity and devotion from an employee. Managers must get due respect as it is their natural desire. By giving them respect only we can obtain the best from them.
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