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Transcript
PRESENTED BY
GROUP 6:
- BILAL AHMED
- AISHA RAFIQUE
- SAHIL MOBIN
- MIAN HASSAN
SELECTED COMPANY:
IZHAR GROUP OF COMPANIES
INTRODUCTION
BACKGROUND:
- IZHAR GROUP IS A SELF FINANCING COMPANY
- IT MAINLY AIMS TOWARD BUILDING HUGE INFRASTRUCTURE
- GREEN FIELD AND BROWN FIELD PROJECTS
CHALLENGE
The recent devaluation of the PKR has made things tough for Izhar Group of Construction in coping and maintaining its huge infrastructure
ROOT CAUSES ARE
RISE IN DOLLAR PRICE
Rise in prices of raw material
Abrupt fluctuations in the economy
WEAK MONETARY POLICIES
Skilled
workforce is not available
Incurred a huge cost in building huge infrastructure
IMPACTS
Less Profits
Ongoing long term projects were affected
Workforce was affected due to the rise in inflation
WAYS THEY SOLVED THE PROBLEMS
3
2
Pursued short term projects
3
More contraction, less expansion.
1
Focused on side-projects
5
Took calculated risks
4
Work on greenfield projects.
6
Tried to be flexible to a change in policy
RECOMMENDATIONS
Training should be provided
Improve their marketing strategy
Contingency plans for worst case scenarios
Izhar Group should grow their customer base