عالمى معاشى افكار اور اسلامى معاشى فكر

This article aims to present a concise overview regarding global economic ideas and its historical development with brief evaluation of capitalism and communism as well as question of laissez-faire and concept of ownership in relation to Islamic economic thought. What are the rudiments, fundamentals and historical sketch of these systems? Measuring them analytically vis-à-vis their comparative examination has been taken into account to visit the characteristics of prevailing as well as outdated and nonoperational economic systems. As capitalism emphasis on eagerness to find wealth where billionaires are about to getting more and more ignoring various other ethical perspectives and paying no attention to the poor classes of society. Communism claiming equality remained also not compatible to sustain around the globe as a balanced and stable system. At the end this article predicts that other than Islamic economic thought no system may fulfill the natural need of global economy and it also recommends that Islamic Scholars have to present an alternative full-fledged practical model for economics.

The Relationship of Organizational Learning and Competitive Advantage: A Case Study of Petroleum Companies of Pakistan

Dissertation Title: The Relationship of Organizational Learning and Competitive Advantage: A Case Study of Petroleum Companies of Pakistan The concept of organizational learning has been the area of attention for academicians, practitioners, and researchers for decades. Organizational developments as a subject realized the significance of cognitive learning and behavioral development; and embraced the idea of ‘learning organization’ because of its potential to create and sustain competitive advantage in an organization. The purpose of the study is to explore the characteristics of a learning organization and examine the relationship of organizational learning and competitive advantage. Knowledge acquired is disseminated through learning in organization. It is noted that the petroleum companies are knowledge intensive and learning oriented, equipped with latest technologies and facing intense competition. In Pakistan, no empirical research work has been done to explore the concept of learning organization to date. Literature review revealed systems thinking, mental models/culture, shared vision/mission, leadership, knowledge/information flow, personal mastery and team learning as antecedents of a learning organization. Survey questionnaire was distributed in all four strata of petroleum companies and in response of 225 questionnaires 170 were received back, out of which 165 were valid. Multiple regression analytic technique was applied to test the hypotheses. Statistical analysis revealed that all chosen characteristics of a learning organization significantly contribute towards achievement of competitive advantage. Shared vision and systems thinking emerged as most significant contributors. This study signifies the impact of learning to achieve competitive advantage and requires the attention of executives and practitionersv of organization development. It demands that the concept of learning organization if implemented with strategic intent in petroleum companies of Pakistan can be a sustainable source to develop and prepare organizations to cope up and adapt the environmental changes proactively.