TITLE: MALK RIAZ SUCCESS STORY
SUBJECT: INTRODUCTION TO
MANAGEMENT
SUBMITTED TO: SIR MUHAMMAD FAYYAZ
SHEIKH
SUBMITTED BY: MUBASHIR AHMED
REG # FA20-BSE-063
DATE OF SUBMISSION:
✓ This is completely an original material written through the
reference of book
✓ This article and answers of given questions below are free
from plagiarism
Reference of the answers is
➢ Management 7th edition by Stephen P Robbins & Mary
Coulter
MALIK RIAZ SUCCESS STORY
Malik Riaz is the Pakistani business tycoon who was born in Sailkot. His father was a private
contractual worker yet during Riaz's initial life, his dad endured gigantic misfortunes because of
which he failed and had huge losses due to which he went on to bankrupt because of this, Malik
Riaz had to drop out of school simply after completation of matriculation.He went on to work
with MES(Military Engineering Service) as a clerk.To make both ends meet he used to do a lot
things in his part time people claim that he used to work as a painter in his part time.He had seen
many hardships in his life for earning bread & butter although he was a highly intelligent guy
which was stuck due to poverty. He later moved to turn into a tiny contractor in the military.
Malik Riaz is now among the top ten billionares of Pakistan.He has climbed huge success
mountain in a short span of time from being an oridnary clerk in Military to having net worth
more than 1.5 billion USD. During the 1980s, Malik Riaz began his private house development
organization known as Hussain Global.This company went to secure a contract with Bahria
Foundation for building a modern era gated community for the people working in the Pakistan
Navy. What began Bahria as a private development organization, is currently one of the greatest
exclusive land improvement organization in Asia. In 2016, Bahria Town had 60,000
representatives making it the greatest private-segment boss in the entire nation.What makes
Bahria town stand apart from the different other private networks of the nation is that Bahria
town is a finished town completely all alone. It has various schools, parks, medical clinics and
shopping centers and so forth. He extended his Bahria Town and created gated networks in
Karachi, Lahore and Islamabad during the 2000s, building up a consolidated zone of 45,000
square sections of land. The ongoing statures to which the Bahria town has reached are because
of the vision of Malik Riaz and enthusiastic endeavors of his child. The tasks that are being
embraced by Bahria Town are unrivaled in the entire nation. The Bahria town network in
Lahore, Bahria town in Islamabad are a declaration to the vision and endeavors of Bahria Town
gathering.Being simply incredible gateded community in the Pakistan Bahria Town has seprate
electricity power generation system to avoid the loadsheding in the town,it is one the most
seecurd and advanced gated community which is under 24 hours CCTV observation. To give the
public a spotless and legitimate look, all the wiring is underground. Gas, water, sewerage
frameworks and waste disposals of the general public are unparalleled. A “never, never, never
quit” Attitude Riaz's never-quit mentality is one of the most conspicuous purposes for his
success.When he started activity in Pakistan, he had to surrender by political,economic and
serious powers. However, at that point, he discovered his way in light of a legitimate concern for
both the nation and its lawmakers. Mr. Malik Riaz possesses the following entrepreneurial traits:
Bold and confident With regards to business, Malik Riaz is one of the names that go to the
psyches of many. Indeed, Entrepreneurship has itself discovered new implications in the
character of Mr. Malik Riaz. He ascribes his prosperity to his difficult work and confidence in
Allah. As per him, he puts aside 2.5% of the benefits & dispenses to the foundation.
Answers of the following questions
1.
What is the manager changing? Do these changes help the organization
achieve its goals more efficiently or more effectively? What goals did the top
manager set for this organization? If these goals are different from the goals
previously set for the organization, what specific challenge provoked the
change?
2.
Which skills is this manager applying to help change the organization’s
direction? What are the measures of organizational and personal
performance?
Ans1: It is an organizational change that is any alternation in the people,structure,or technology.Yes
these changes in the organization help the organization to achieve the goals,an effective
change in the maagement process makes the right impression of the change for staff and
public. Assists with arranging proficient correspondence methodologies. Overseen change
can limit protection from change. Improves confidence, efficiency and nature of work.
The goals of the top manager set for his organization are
➢ SUCCEED ENHANCE COMMUNICATION
Accomplishing communication goals doesn't simply profit your managers; it helps their
whole group. You realize how extraordinarily helpless correspondence eases back your
efficiency, so this zone ought to consistently be on your rundown of expert advancement
objectives.
➢ COACHING SKILLS
Instructing workers comes effectively to certain supervisors, however it's a scholarly
ability for other people. You want your employees to and eventually move through
company. As administrators figure out how to mentor representatives through their
difficulties and recognize their qualities, this constructs a domain that is helpful for
development.
➢ BECOME MOTIVATOR
On the off chance that you need your group to run like a very much oiled machine, inspiring
colleagues is a key administration ability for pioneers to ace. Why is it important? When
your employees are unmotivated, your business suffers from dips in productivity and
morale. Identify opportunities for your leaders to engage in management training that
addresses motivation, and when they do, look for results.
➢ INCREASE PRODUCTIVITY
Among the numerous expert improvement objectives, few are more imperative to feature
than profitability. At the point when your Managers' individual activity efficiency
improves, it's helpful to your whole organization. Set profitability objectives like
completing tasks before due dates or yielding more item than the earlier month.
➢ SUPPORT AND MANAGE CHANGE
Change the management is a hotly debated issue. Defining change the executives objectives is a
basic method to get your supervisors energetic about any progress, just as roused to oversee it to
usage. With the correct methodology, you will see expanded representative maintenance,
profitability, devotion and acknowledgment of progress.
Yes these goals are different from the previous ones as this is the unprecedented
change in our society. The change is caused many factors which could be different trends
and new technology and adapting the new methods for the profit of an organization.
Organizations that will not adjust are probably going to be the ones that won't be around in
a couple of brief years. On the off chance that an organization needs to endure and flourish,
its chiefs should ceaselessly develop and adjust to new circumstances.
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ANS 02 : Following are the sills that every manager must have to change the direction of
his/her organization
Long-range planning. Managers occupying executive positions are frequently
involved in strategic planning and development.
Controlling. Managers evaluate and take corrective action concerning the allocation
and use of human, financial, and material resources.
Supervision. Managers continually oversee the work of their subordinates.
Coordinating. Managers often must coordinate the work of others both inside the
work unit and out.
Customer relations and marketing. Certain managers are involved in direct
contact with customers and potential customers.
Internal consulting. Some managers make use of their technical expertise to solve
internal problems, acting as inside consultants for organizational change and
development.
Monitoring products and services. Managers get involved in planning,
scheduling, and monitoring the design, development, production, and delivery of the
organization’s products and services.
Measures of the Organizational performance are
➢ Business and Process Efficiency
➢ Results of business investments and projects
Measures of Personal Performance are
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Customer satisfaction
Employee satisfaction
Team work
Employee turnover rate
➢ Achieving goals (employee performance)