Asad's Business and Technology Articles

Pakistan is bestowed with rich natural resources that are Minerals, Oil and Gas, Aquatic animals, Forest and Human resource of course. With growth rate of 2.2%(2011) and per capita income $2400(2010).  Unfortunately we could not manage all the aforesaid resources and as a result we are now one of the Under Developed Country (UDC) of the globe. Here we should not concentrate on the reasons behind for our backwardness deeply. But we can predict our destination by a simple analyses that is, “Whether Agriculture is best or Industry, for our country prosperity?”. This question may help us in deciding what path should be selected to make Pakistan a developing country. It is said that Agriculture is the back-bone of our country but to an extent it may be true but in long run it is false. About 70% of our country population is based on Agriculture. But on the other hand   it makes 19% contribution is Gross Domestic Product (GDP).On the other side Industry contribution in GDP...

Institute of Cost and and Management Accountant of London defines Cost Accountancy, “ The application of costing and cost accounting principles, method and techniques to the science, art and practice of cost control and the ascertainment of profitability, It includes the presentation of information derived there from for the purpose of managerial decision making”. Cost accounting is generally considered to be applied in manufacturing concern. But this opinion is not true in this modern age. Every business struggle for high profit by controlling ‘Cost’ where this technique is being used its mean Cost accounting is used. Manufacturing firms, Wholesale, Retail business, Banks and other financial institution, Insurance companies, Transportation companies, Railway, Airlines, and Shipping companies and non profit organization like School, Universities means each and every business is applying Cost Accounting. To control or to keep record of each entry that is directly or indirectly associa...

                                                                 (Compare with Engineering Graduate.) As the time passing, competition among organization is increasing. Every organization is adopting every sort of tactic, like by providing the best services to their customers by utilizing up-to-date technology. As the ultimate objective or goal of any business concern is to earn profit. The profit is mathematically defined;                                       Profit = Revenue-Cost. Every firm wants to get maximum revenue against low cost of product. This objective is achieved by applying four basic function of management that are; Pla...

Motivation the one of the important topic of Management. We may define motivation, "Internal and external factors that stimulate desire and energy in people to be continually interested in and committed to a job, role, or subject, and to exert persistent effort in attaining a goal". From this definition we may assess that how important motivation is.