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16
Feb
2013

 

 

 

 

Businesses today are facing enormous challenges whereby global economy is still uncertain over many aspects and what has lost is still unable to give lesson to losers or those who can potentially loose now.

 

The basic problem lies in attitude. Understanding of problem is the first step to go towards a better tomorrow; but what if the investors & businessmen across the globe are more concern to get the past back rather than creating a brand new future with relatively better working practices.

 

Yes there are some companies that are inline of understanding of welcoming tomorrow with all new zeal and smart management practices. But small and medium enterprises are still unable to catch the tone. I am more discussing the point in relevance of businesses in the Middle East.

 

In the Middle East where regulatory frame work is relatively weak and compliance requirements are not that much many small and medium size companies try to work things so blindly or wildly.

 

It is not about how well the markets work nor it is about which opportunity is attracting your money to come out of your pocket; it is more about how well align you are with standard practices and innovation to convert those attractions to hard core performances.

 

There is a basic that first you have to be capable enough to do what you are willing for. Even if you have finances available you can not merely win over your sound bank accounts. The worth accumulated can be nullified or go in negative anytime with a single poor judgment of business self.

 

The problems occurs when businesses by pass standard management practices, timelines and due professionals to convert investment or business opportunities in quick yields.

 

It can never work in hurry as business is a long term commitment. You cannot run the business over a piece of paper or power point slide. It happens on ground and it faces challenges that require proper management.

 

If you have an objective, you have to develop means in accordance to them. You have to create infrastructure to justify your profitability aspirations. You have to have quality human resources to convert your business plans in reality.

 

In any case no one can win the horse race with donkeys. Neither can you run horses over donkey’s feed to win a horse race. There is no shortcut to quality performance. Your input defines your output. And this is the first thing that everyone has to think before going in any endeavor.

 

The basic resources from physical to intellectual, material to management, policy to strategy etc. are always required to reach any desirable business target. Yes you can set your own mix but you cannot go without necessary variables to reach certain positive conclusions.

 

The bottom line is that the growth approach doesn’t reside in any rocket science. It is simply in understanding the basics, practicing management principles, being watchful of market dynamics, responding to the situation under a grand plan with strategies, investing over human resources rather than merely relying on financial investments & creating mutual interest of all stakeholders in your success. 

 


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Mr. Omer

Mr. Omer [1982 born] started  his professional career as a commercial / investment banker after achieving Gold Medal in Finance at master level from University of Karachi in 2006.

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