Lahore School of Economics

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Are All Pakistani Textile Firms Innovative?

Shahram Haq

In the wake of an extraordinary increase in access to information and new markets in recent years (primarily due to advances in information technology and globalization), firms in developing countries experience a constantly changing landscape in the market for their products. This on one hand is providing much needed knowledge flows into developing economies, while also forcing firms to improve their competitiveness on the other. In such a situation, one would expect firms (especially those which export) to invest in new technology and also introduce new and improved products in their markets. However, there is still a greater need to expand our understanding of innovation and its economic impact when it comes to developing countries like Pakistan.


Research by the Lahore School of Economics looks at the decision of firms to innovate, its innovation investment, product innovation, and labor productivity using firm level data of 377 firms from the highly export oriented textile sectors, which included firms from the unstitched textile sector and also firms from the stitched apparel sector of Pakistan. The findings reveal some interesting insights into innovation behavior at the firm level that have the potential to serve as inputs to national policy making.
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posted by S A J Shirazi @ 1/26/2018 12:00:00 AM,

Political connections and developmental spending in Punjab

Saman Khan

Development related funding is critical for the long-term growth of any country, but the allocation of funds between politicians and different areas can vary due to various factors. One of the reasons for this can be politicians’ strong connection with those who approve or allocate these funds. Networks and connections can be very beneficial socially and economically, especially in a country like Pakistan where you need strong contacts to get most work done. But even though having strong political connections and networks can be very beneficial for individuals, these connections can result in actions that are detrimental to society as a whole.


Researchers at the Lahore School of Economics conducted a research project to look at the impact of political connections on the allocation of development projects in Faisalabad district using data from 2010-2016. The Faisalabad district has national assembly constituencies from NA75 – NA85 and provincial constituencies from PP51 – PP72, and MNA’s and MPA’s from these districts execute different schemes through different programs approved by the local, provincial and central government depending on the cost of the project. The development funds are allocated through different channels and sources like the provincial government, the central government and the local governments. In the development funding process, Members of the Provincial Assembly (MPAs) and Members of the National Assembly (MNAs) must propose their schemes and the government evaluates these schemes, so strong political connections play an important role in determining approval of projects.
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posted by S A J Shirazi @ 1/25/2018 11:07:00 AM,

Women on Wheels Presentation at Lahore School of Economics



Representatives of the Women on Wheels Program of the Chief Minister’s Strategic Reforms Unit presented at the Lahore School of Economics on Thursday 18th January 2018. They discussed the launch of the Motorbike Subsidy Scheme that would provide training to women to learn to ride a motorbike and purchase the bike’s at the subsidized rate. The team has collaborated with the City Traffic Police and The Bank of Punjab to make this scheme possible. The custom made pink motorbikes are being provided to women across Punjab to empower and encourage them to become more mobile and independent. The presenters also shared a few success stories of women riding motorcycles helping their families with transportation. Currently about 1200 women between ages of 18 to 40 are registered with the Women on Wheels program.
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posted by S A J Shirazi @ 1/24/2018 02:46:00 PM,

Importance of Data in Marketing

Ms. Quratulain Ibrahim, Managing Director Nielsen, visited the Lahore School on 28th of October 2017 to talk to the MBA participants about the importance of data in marketing.


From the outset, the major theme of her address, and the content of her presentation, both revolved around data collection, its interpretation and its impact on marketing. She gave many examples of companies who could have saved a much larger amount of wasted money had they carried out proper data collection at a fraction of the cost. Good data allowed one to take better decisions.
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posted by S A J Shirazi @ 12/05/2017 12:21:00 PM,

How Ads are Made?

Mr. Asad Rizvi, Regional Executive Director, Orientm-McCann, paid a visit to the Lahore School on 15 November 2017 to talk to the MBA participants on how an ad was made.


Asad introduced advertising by noting at the outset that an ad was aimed at helping consumers make an informed decision. Of course one needed a client, who had a product or a service which the client wanted to turn into a brand. The client has an objective and the ad agency helps the client attain the objective by working in collaboration with the client.
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posted by S A J Shirazi @ 12/05/2017 12:21:00 PM,

Redefining Marketing through Cause-Related Campaigns

Mr. Saad Munawar, Head of Colas at PepsiCo, Pakistan visited the Lahore School on 21 November 2017 to talk to the MBA participants on Redefining Marketing through Cause-Related Marketing campaigns.


Saad, during his impressive presentation, emphasized three aspects of marketing. First was the use of data. He said that Uber before entering Asia had spoken to some 12000 persons in Asia. Good data avoids thousands of conversations and meets myriads of objections. In beverages, just like in other FMCG categories, one needs data on gender, age, lifestyle, where consumed and where purchased, but also one needs a combination of more than one variable such as age by time of consumption.
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posted by S A J Shirazi @ 12/05/2017 12:20:00 PM,

Business Fiesta ’17


On the 23rd of November, 2017 Lahore School Entrepreneurship and Business Society held its most awaited event of the year, The Business Fiesta’17. Teams got a chance to put forth their business ideas to the most renowned judges. The competition consisted of two rounds. Participants displayed their unique product or service idea. Judges selected and shortlisted six teams who then proceeded onto the second round. These teams presented their ideas to the judges again in a formal slideshow presentation, which included all the financials, budgets, costs and analysis of each business idea. This was followed by a question and answer session by the judges. The winning team Pak Freight, who won Rs. 30,000 for their startup. The second best idea was of Getaway, who were awarded Rs. 20,000, and Siakafat came third and won a cash prize of Rs. 10,000.

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posted by S A J Shirazi @ 11/30/2017 10:50:00 AM,

Advanced Corporate Finance


Mr. Adnan Afaq, Managing Director PACRA was invited to the Lahore School of Economics on November 23, 2017 to give a talk to MBA students enrolled in the course of “Advanced Corporate
Finance.”

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posted by S A J Shirazi @ 11/24/2017 10:01:00 AM,

Advanced Operations Management


Mr. Aurangzeb Bhatti, CEO Cloudware Outsourcing and Nankana Resort in  the Lahore School of Economics giving a talk to the graduating MBA students enrolled in the course of “Advanced Operations Management.”

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posted by S A J Shirazi @ 11/23/2017 10:06:00 AM,

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