4. The Government Seizes the Steel Mills

2020 ◽  
pp. 58-82
Keyword(s):  
2013 ◽  
Vol 2 (1) ◽  
pp. 39-49
Author(s):  
Muhammad Asim ◽  
Abdul Rahman Zaki

The steel industry is one of the most progressive and innovative industries in today’s dynamic and competitive world that caters to the need of every individual and every aspect of life from a micro level to the macro level and fulfils the demand of almost all industrial sectors and therefore is a key element responsible for driving the economy of a nation. Pakistan Steel Mills Corporation (PSMC)—once a highly profitable organization and considered one of the largest and sole steel producers in Pakistan—is on the verge of collapse and passing through critical stages of its survival. Despite its monopoly and vast potential to expand and grow, PSMC has not only lagged far behind in comparison to its neighbouring nation, but has also been unable to meet the demand of its own nation. This study attempts to explore and analyze the pros and cons of its current deteriorating condition by considering the various factors and challenges faced by PSMC for the last few years and in particular the consequences of the unsuccessful post-privatization attempt made by the government. Numerous apparent and inherent factors are attributed to this failure, namely, the high bureaucratic influence, financial irregularities, managerial incapabilities, inefficient management techniques, etc. In addition, the role and impact of other steel sources such as ship-breaking, steel melting, imports, etc., are also taken into account, that, if carefully managed and controlled, can help PSMC come out of its dilemma.


2003 ◽  
Vol 8 (1) ◽  
pp. 34-38 ◽  
Author(s):  
Knut Larsson ◽  
Josef Frischer

The education of researchers in Sweden is regulated by a nationwide reform implemented in 1969, which intended to limit doctoral programs to 4 years without diminishing quality. In an audit performed by the government in 1996, however, it was concluded that the reform had failed. Some 80% of the doctoral students admitted had dropped out, and only 1% finished their PhD degree within the stipulated 4 years. In an attempt to determine the causes of this situation, we singled out a social-science department at a major Swedish university and interviewed those doctoral students who had dropped out of the program. This department was found to be representative of the nationwide figures found in the audit. The students interviewed had all completed at least 50% of their PhD studies and had declared themselves as dropouts from this department. We conclude that the entire research education was characterized by a laissez-faire attitude where supervisors were nominated but abdicated. To correct this situation, we suggest that a learning alliance should be established between the supervisor and the student. At the core of the learning alliance is the notion of mutually forming a platform form which work can emerge in common collaboration. The learning alliance implies a contract for work, stating its goals, the tasks to reach these goals, and the interpersonal bonding needed to give force and endurance to the endeavor. Constant scrutiny of this contract and a mutual concern for the learning alliance alone can contribute to its strength.


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