World doesn’t remain the same every day. It keeps on
changing. Every day, we come across new developments
which may be technological, process improvements, newer
ideas, products and so on and thus business environment is
facing considerable changes (Heraty, 1999)
Each employer wants to maximize his profit but profits
margins are decreasing day by day specially in a
developing country like Pakistan where we are having
lesser governmental support for the industrial development,
infrastructure and its necessities (Shah, 2010). On the other
hand, globalization is another problematic area for a
number of industries in such a developing country due to
increased competition with regards to the product quality,
services, price, delivery etc and thus organizations require
to learn more quickly than competitors to remain distinctive
and sustainable (Garavan, 2002).
World doesn’t remain the same every day. It keeps onchanging. Every day, we come across new developmentswhich may be technological, process improvements, newerideas, products and so on and thus business environment isfacing considerable changes (Heraty, 1999)Each employer wants to maximize his profit but profitsmargins are decreasing day by day specially in adeveloping country like Pakistan where we are havinglesser governmental support for the industrial development,infrastructure and its necessities (Shah, 2010). On the otherhand, globalization is another problematic area for anumber of industries in such a developing country due toincreased competition with regards to the product quality,services, price, delivery etc and thus organizations requireto learn more quickly than competitors to remain distinctiveand sustainable (Garavan, 2002).
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