Lahore School of Economics

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Success comes with positive mental attitude

Mr. Mir Mohammad Ali Khan visited Lahore School of Economics on November 11, 2014 to give an speech to the students. He was hosted by Dr. Shakil Faruqi, who happens to be the guest speaker’s university fellow at Rutgers, Princeton. The event was hosted at MCL Library. Over 300 students and aculty from the Finance and Extra Curricular Departments (Samra Chaudhry, Dr. Sohail Zafar, Dr. Farooq Chaudhry, Javed Qureshi, Arshia Azhar and Mawal Sara Saeed) attended the event.

Dr Shakil Faruqi opened the session, and introduced the speaker. Soon after, Mr Mir Mohammad Ali Khan delivered a speech based on “success and positive mental attitude’’. He presented the students his life story. The story of how a chain of events turned out to be good, bad, ugly and the ugliest in his life and pushed him into severe depression. How he overcame those problems of life and decided to move to Pakistan, because he believes that this country has the potential. He believes in the potential of youth of Pakistan to bear problems with patience. He said in his speech that a person could achieve anything if he or she believes in themselves and never stop trying. He urged students not to ever lose hope, and maintain mental tenacity that is required to be what they aspire to be.
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posted by S A J Shirazi @ 11/22/2014 09:45:00 AM,

Life of an Entrepreneur

An entrepreneur is someone who starts with nothing and builds an empire. What makes an entrepreneur unique was the first question Mr. Salim Ghauri, CEO NetSol Technologies asked while addressing the students on November 12, 2014. He told the students that leaders and entrepreneurs do not care about the consequences; they step forward and take actions. Giving examples of famous entrepreneurs he said the difference between them was only that some defined their lives like Richard Branson of Virgin Group and Lakshmi Mittal of Arcelor Mittal. While some changed the world, giving examples of Bill Gates and Steve Jobs, whereas some worked to change their countries.

His journey of being an entrepreneur was totally unplanned and the reason he was successful today was because he was a risk taker, a decision maker, one who followed his dreams, created opportunities and believed in himself. He said that one should never run after money. He told the students to be focused, have faith, work hard and success will eventually come to them. Mr. Ghauri said that money would never bring happiness but job satisfaction always would. Fear is the biggest fear of trying something new whereas there is no success without failing.

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posted by S A J Shirazi @ 11/20/2014 12:18:00 PM,

Lahore School Collaboration with Macquarie University, Sydney, Australia

The Lahore School of Economics has recently established a long term cooperative relationship with Macquarie University, Australia. The Lahore School of Economics has been given the highest rating by the HEC’s business school accreditation council and Macquarie University has been ranked as a 5 start university by the QS rating system.

Macquarie University comprises of 33 departments with five faculties and the university offers 87 undergraduate courses and 124 different postgraduate courses to students.

The areas covered in the joint agreement are Student Exchange Faculty Exchange, Joint Research, Joint conferences/meetings and Exchange of Academic Materials/information.

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posted by S A J Shirazi @ 11/18/2014 11:07:00 AM,

Strategic Management

“Academic education is integral in shaping individuals to be qualified practitioners but does not guarantee the development of effective strategists; for that something needs to come from within, an idea, an inspiration, an ideology, to absorb the external stimuli and develop an inception,” said Mr. Muhammad Abrar Ameen, CEO VRG Pvt Ltd while speaking to Lahore School students while giving a lecture on November 12, 2014.

Effective strategy is congruent with effective planning. With theory, there has to be some practice. Strategic management is neither purely an art nor a science; it is an amalgamation of both. A strategist is a realist, a revolutionist who would create a new line of thinking in a different space. Strategizing is versatile; one has to take both the external and internal factors into consideration before formulating a strategy. A strategy should be one which sets precedence, one which facilitates in premium exemplary offerings for rewriting textbooks. An example of this would be of how a local organization from within Pakistan took the order of massive production of FIFA world cup footballs when China was not able to meet the demand.
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posted by S A J Shirazi @ 11/18/2014 11:06:00 AM,

Lahore School Marketing Society Orientation

The Marketing Society of Lahore School of Economics held its Orientation Session on 13 November. Senior faculty and some 130 students attended the one hour introductory session.

The Marketing Society has been set up under the Academic Club of the Lahore School (other societies include the Finance, Management, Entrepreneurship and Economic societies). As Dr. Shahid Amjad Chaudhry, the Rector of the School, informed the Marketing Society Orientation participants, these societies have been set up to bridge multiple gaps: theory and practice, faculty-led classes and student-led societies, domestic and external audiences, and so on. And all of this learning, as the Rector pointed out, will happen under the patronage of the experienced and capable faculty of the Lahore School.

The patron of the society, Dr. Aamir Khan, addressed the audience and briefly explained that marketing was more than 4P’s and basically asked two questions: How did one create value and how did one communicate value? Then, other faculty members and the Marketing Society Council, composed of students, addressed the audience and informed them about the future activities, the most important of which was an Advertising Competition to be held in February 2015. A workshop on this will be held on November 20, 2014.
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posted by S A J Shirazi @ 11/17/2014 10:34:00 AM,

Financial System and Economic Development – Pakistan

A text book in two volumes published by Lahore School of Economics, 2012 

This applied study in two volumes has been published for graduate level studies in banking, financial system and financial markets. It may also be helpful to professionals engaged in banking and financial markets or some niche of fast growing financial services industry in Pakistan. The primary objective of this text book is to enhance learning of what a financial system is, how it operates; how its operations impact the economy; and how this performance in Pakistan compares with those of comparator countries. In parallel, how operations of financial system affects well being of various segments of society, though social dimensions of impact are not a part of analytical framework of financial system.
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posted by S A J Shirazi @ 11/13/2014 03:55:00 PM,

GLOSSARY- Banking and Finance

GLOSSARY - Banking and Finance (English-English-Urdu, Fourth Edition-2013) by Dr Shakil Faruqi

The fourth edition of this bilingual Glossary in Banking and Finance in two volumes by Dr Shakil Faruqi has now been published by Lahore School of Economics, State Bank of Pakistan and Institute of Bankers. Earlier on, three editions in a single volume were published and printed by State Bank of Pakistan in participation with the Institute of Bankers.

The Glossary is helpful not only to those at academic institutions, but it is widely used by print media, legal scholars and lawyers, accountants and auditors. For the Lahore School alumni the Glossary is available at considerable discount. (Sales proceeds are donated it to promote the cause of education and learning in Banking and Finance in Pakistan.)
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posted by S A J Shirazi @ 11/13/2014 10:46:00 AM,

Marketing Research

Ms. Quratulain Ibrahim, CEO TNS Aftab Associates came to Lahore School of Economics and gave a talk to the MBA final year students on October 31, 2014. Ms. Ibrahim has 19 years of experience in the marketing research industry.

Ms. Ibrahim started her presentation by talking about the role of marketing research and the three different types of research: descriptive, diagnostic and predictive. She said that a manger should be able to predict the future and take innovative and developmental decisions, brand and communication decisions, retail and shopper decisions and customer and employee retention decisions. She also explained concept tests, blind taste tests, price tests, pack tests and product tests.


posted by S A J Shirazi @ 11/13/2014 09:45:00 AM,

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