Department of Management Science

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Start date: 2020Subject: search.filters.subject.SP17

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    Examining the Cash Flow Management Practices in the Construction Industry: A case of Pakistani Firms.
    (Library Information Services COMSATS University Islamabad Lahore Campus, 2020-02-08) Mohsin Bashir; SP17-RPM-009; LHR TP 6058; Dr. Ammar Abid
    Cash flow management is very vital for the survival of any kind of firm but for a construction firm, its importance increases as a lot of firms are being bankrupted due to poor cash flow management. Construction firms are failing to deliver successful projects as they become shorthanded on cash due to irregular progress payments of projects from clients. The application of best cash flow management techniques are becoming more and more desirable for the project to be profitable and successful. So, the core objective of the study is to find the best ‘cash flow management practices’ applicable in the construction firms of Pakistan and effects of these practices on the project success. Data will be through a structured questionnaire focused towards the financial and project managers of 20 construction firms located in Punjab Province. Empirical data is tested by using SPSS technique and results are deduced. All the hypotheses of the study are validated. The results showed that cash flow management practices i.e. self-financing practices and debt-financing practices have a positive impact on success of a construction project. Performing cash flow forecasting increases the chances of getting successful project. Hence, Project Manager (PM) has to select best possible combination of cash flow management practices for keeping the balance between cash outflow and cash inflow, as he has highest authority while working on a project
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    The Impact of Contractual Hiring on The Performance of Project Based Organizations.
    (Library Information Services, COMSATS University Islamabad, Lahore Campus, 2020) Muhammad Hassan Nasir; SP17-RPM-008; Dr. Muhammad Ali Jibran Qamar; LHR TP 6541
    The concept of contractual hiring is gradually increasing with the latest innovations as now days the trend of Project-based organization is dominant and people are hired on contractual basis. The project-based structured organizations are known as „Projectification‟ and these are considered as the gateway to the innovation. Human resource management and traditional trends of hiring the permanent employees is different for contractual hiring. Similarly, the temporary employees have different concerns at their workplace in contrast to the permanent employees. Due to which, the organizational commitment is affected. The employees hired on the contractual terms face different set of challenges related to work-life balance, job security and morale. These factors influence the productivity levels of the project targets. In lieu of considered condition, it is observed that employees hired on the temporary basis are less committed to the project deliverable which leads to unscheduled turnovers of the employees. These turnovers have an impact on the organizational performance. In order to sustain the growing market challenges, the organizations need to lower the turnover rate of the employees and need to work on the low morale and other associated factors. For statistical analysis, data is gathered from the Pakistan‟s largest IT industry as Pakistan is one of the leading exporters of software industry. The IT industry in developing country hires employees on the contractual basis. In order to collect data, a questionnaire is formatted and data from IT industry employees of the Pakistan is target population. A quantitative data collection technique is used to collect data and AMOS is used for the data analysis
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    Negative Effects Of Asymmetrical Compensation Plan …
    (Library Information Services COMSATS University Islamabad Lahore Campus, 2020-02-04) Hafiz Ikrama Muhammad Chohan; FA17-BBA-135; LHR TP 6788; Prof. Shumyla Anwar
    Employees always remain most desirable assets for the organizations. They are the only source to earn profitability, to compete the market and to make good corporate image in the world. But this only happens when employees feel motivated to do their jobs. Organizations critically identify work-oriented employees and give them motivation in a form of good compensation plan after they got selected for required job. This general motivation framework helps them to achieve their expected outcome and keep them engaged with the organization for a longer period(Human Resource Development: Jon M. Werner). compensation plans itself is a broader range of salary packages, bonuses, incentives, rewards, allowances promotion etc. Employees always have the knowledge about the common salary structure that is offered by many organizations. Employee’s involvement with the organization gradually start decreasing when they feel any kind of discrimination in terms if they are fairly treated, evaluated and compensated or not. Organizations must compensate their employees to keep balance and to avoid future conflicts. It is a vital responsibility for human resource department to make their compensation plans transparent which help them to improve effectiveness. A good compensation plans helps to retain the best employees with them.
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    ANALYSIS OF CIRCULAR ECONOMY IN CHINA
    (Library Information Services COMSATS University Islamabad Lahore Campus, 2020-02-04) Salik Ahmad; SP17-BBA-024; Kashif Mehmood; LHR TP 6791
    A circular economy is an extremely efficient manner of utilizing the resources that are available to a nation. In this method, the nation utilizes the resources that are available to it in a manner which ensures the minimization of waste, and the reuse of materials in the best manner possible. This is distinct from the ways in which resources are utilized in traditional economies, which follow a process of resource utilization in a linear method wherein the resource is used to manufacture the product; after which the said product is used; and where the product, in the ultimate analysis, is disposed off. This process is wasteful, and is bad from an environmental perspective. It is to counter this problem that nations have started utilizing circular economy-oriented methods, and focusing on the development of renewable technologies in recent decades (Skene et al, 2015).
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    INFLUENCE OF FACEBOOK AMONG UNIVERSITY STUDENTS
    (Library Information Services COMSATS University Islamabad Lahore Campus, 2020-02-04) Usama Majeed; SP17-BBA-129; Umar Farooq; LHR TP 6792
    Today, Facebook is considered as one of the most popular platforms for online and social networking among youth, and university students. Simply Facebook is a most popular free social networking website that allows users to create profiles, upload photos and video, send messages and keep in touch with friends, family and colleagues. The purpose of this report is to explain the basic use of Facebook by the students of university level. By making the report we are able to explain the impacts of Facebook on the students in the university. However, there are more than 500 million of active users of Facebook in every month. While using the Facebook, students may be able to share their information on Facebook groups so every student may complete his work by using social media it may considered as positive and negative way. Facebook usage has been associated with both positive and negative impacts to different aspects of student’s lives. Facebook in particular offers significant advantages for its users, for example, sharing and collecting information, searching for jobs, communication, and entertainment. Negative impacts of its use have also been identified, including: impaired academic performance, health problems and personal relationship problems
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    Impact of COVID 19 on Retail Banking
    (Library Information Services COMSATS University Islamabad Lahore Campus, 2020-02-03) Muhammad Darain; SP17-BBA-112; Dr. Rashid Waheed; Dr. Rashid Waheed
    In December 2019, COVID 19 is outbreak from Wuhan city of china. This speeded rapidly approximately 217 countries of all Europe, Africa, Australia, America and Asia including Pakistan. All the territories and region reported the total number of 53,749,202 confirmed cases (News Agency, 2020) and the total deaths of 1,309,432 and in Pakistan the number of reported cases is 354,461 and total deaths are 7,109. The first case of COVID 19 has been confirmed by the ministry of health, government of Pakistan on Feb 26, 2020 in Karachi. Same day the other case is registered in Islamabad. Within fifteen days the cases reach the 20 with uppermost numbers in the Sindh. There is continuous increment in positive cases of COVID, need a high level of action, plan and supervision. The Ministry of national health and services, regulation and coordination presents the plan of “ National Action Plan for Preparedness and response to corona virus disease (COVID-19) Pakistan” the purpose is to prepare the community in emergency to deal the situation by control the spreading’s timely, efficiently and effective response to corona virus. The government of Pakistan takes different steps against COVID 19 such as selected hospitals, testing facilities, quarantine centers, treatments and the answer of local community against COVID 19 outbreak.
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    PANIC BUYING BEHAVIOR IN PAKISTAN DURING COVID 19
    (Library Information Services COMSATS University Islamabad Lahore Campus, 2020-02-03) ARSLAN BHUTTA; SP17-BAF-018; DR. SYED ATIF ALI; LHR TP 6584
    On March 11th, 2020, the world health organization declared the disease COVID 19 as a pandemic which affected the massive number of people in just a short period of time, it also devastates countries badly to maintain the society of their community, unable to provide health care facilities or to keep their economy functional like before, which cause the disruption of the World economy, decline of stock markets, scarcity of daily supplies, political instability, and governments tends to lose hundreds of billions of the revenues due to this calamity. Panic buying may be described as” a remedial measure to lessen fear and anxiety of losing control over the surrounding environment and to secure essentials for the immediate future” and most probably by in response to other people’s panic buying. During lockdowns and phase of isolation, people has easy access to social and electronic media which facilitated them to share and gain information about the spreading disease and this overloaded information regarding COVID 19 has revealed a lot of challenges which was not come upon before that. The media shows the excessive information on people’s peculiar behavior of buying food items and grocery shopping with the pictures of empty shelves in stores, creates a negative framing in mind of others and fueling the panic buying in market due to fear of scarcity and uncertainty during this pandemic situation. Government of Pakistan also took measures to control the misinformation spread by social and electronic media to prevent misinformation spread and mitigate the advent of rumors and misinformation as this misinformation and unverifiable content become the source of spreading panic and anxiety among the public. Despite of this, Government authorities could not control the prices of items and public does not rely on govt. mediations as in this situation lack of confidence in authorities and feeling of uncertainty is developing simultaneously which disrupts the shopping behaviors of consumers. This study’s objective is to scrutinize the aspects leading to panic buying behavior as an impact of COVID19 in Pakistan. For the said study a survey questionnaire was developed to collect real time data which is filled through online survey by general public of Pakistan. The collected data was further analyzed by using SPSS 21.0 software. Variables studied during study are Anxiety and feeling of uncertainty related to COVID-19 pandemic, Perceived severity due to Information overload, Purchasing self-efficacy, Exposure to information sources, Intolerance of Uncertainty, Government. Response during COVID 19 and panic buying. The sample 7 collected for this study was of 157 respondents, from which 31.2 % were female and 68.8% were male respondents. From this study the answers of our research questions can easily met and it could be clear that Exposure to widespread online information sources creates feeling of uncertainty and negative framing in minds of public which influence them for panic buying of personal hygiene and food products for the family or siblings during COVID 19.Social Media can become a reliable source for creating awareness among people during pandemic if proper controllable measures are taken by Government during the calamities like COVID 19,and the strategies and measures can be published on social media to gain the trust of public and to less the uncertainty from the environment and sense of helplessness among the public
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    Training and Development: Effect on Employee Performance
    (Library Information Services COMSATS University Islamabad Lahore Campus, 2020-02-03) Mehrun Nisa; SP17-BAF-022; LHR TP 6575; Mr. Shahzad Ghafoor
    The goal of this research is to study the effect of training and development on employee performance and efficiency. The study indicates that training and development have a positive effect on employee performance. This study concludes that organization with good training programs will increase employee performance. The goal is to examine contribution of human resources management practices, including selection, training, and work planning, compensation, and performance evaluation, description of the job and staff involvement in the perceived employee’s performance. This study is aimed at motivating workers to achieve higher levels of efficiency and explains why HRM decisions influence organizational success. It is intended to enhance the current and future results, but the company should keep an eye on their performance after training, it means training requires assessment, a structured method to concentrate employee’s actions in order to achieve the objective of the organization. The study aims for an understanding of the relationship between HRM and the organizational efficiency. A training program is a workplace activity that helps workers to analyses their skills, behavior, and information relevant to their work. In this study it was discovered that training and development are available in companies and this effect on employee efficiency to meet their customer’s needs.
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    PROJECT SELF-EFFICACY AND EMPLOYEES‟ TURNOVER INTENTIONS: MODERATING ROLE OF JOB SECURITY
    (Library Information Services COMSATS University Islamabad Lahore Campus, 2020-02-03) SALIHA SHAHID; SP17-RPM-015; Dr. Ahmad Qammar; LHR TP 6542
    For the smooth functioning of the operations of any organization, employees are now considered as a life blood and organizations are striving for creating a competitive advantage through people. Since the concept of project self efficacy was introduced in the recent literature, the current study makes a valuable contribution by studying association between self-efficacy and turnover intention in the perspective of projects. Compared with conventional process-based organizations, the project-based organizations constantly pose new challenges to their employees that may trigger intentions to leave. Further, job security is used as boundary condition that adds valuable contribution by study job security in relationship between project self efficacy and turnover intentions. Using a cross sectional survey research design, the study collects data from 104 respondents using an online survey. The results indicate that Project self efficacy negatively influence turnover intentions. Job security as a moderator was found to strengthen the relationship between the two. The research recommends that managers should pay attention to project based self efficacy thus training programmes should be introduced to build project self efficacy among employees. At last, while acknowledging the study constraints, prospective research areas are identified.
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    Examining the Cash Flow Management Practices in the Construction Industry: A case of Pakistani Firms.
    (Library Information Services COMSATS University Islamaabad Lahore Campus, 2020) Mohsin Bashir; SP17-RPM-009; Dr. Ammar Abid; LHR TP 6058
    Cash flow management is very vital for the survival of any kind of firm but for a construction firm, its importance increases as a lot of firms are being bankrupted due to poor cash flow management. Construction firms are failing to deliver successful projects as they become shorthanded on cash due to irregular progress payments of projects from clients. The application of best cash flow management techniques are becoming more and more desirable for the project to be profitable and successful. So, the core objective of the study is to find the best ‘cash flow management practices’ applicable in the construction firms of Pakistan and effects of these practices on the project success. Data will be through a structured questionnaire focused towards the financial and project managers of 20 construction firms located in Punjab Province. Empirical data is tested by using SPSS technique and results are deduced. All the hypotheses of the study are validated. The results showed that cash flow management practices i.e. self-financing practices and debt-financing practices have a positive impact on success of a construction project. Performing cash flow forecasting increases the chances of getting successful project. Hence, Project Manager (PM) has to select best possible combination of cash flow management practices for keeping the balance between cash outflow and cash inflow, as he has highest authority while working on a project.