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ENTREPRENEURSHIP - A Recipe for Economic Development

Author: Dr. S. M. Naqi
Price: Rs. 240, Pages: 421
Reviewed by Prof. Dr. Khawaja Amjad Saeed
June 24 - 30, 2002

By the grace of Allah, Pakistan has an immense opportunity to grow, develop and become a member of the Developed Countries Club. Blessed with natural resources, backed up with excellent hard working people and cushioned with an inherent desire to be prosperous on wider footing' Pakistan is struggling to identify the required niche to accelerate socio-economic development. This niche is now fortunately provided by Dr. S. M. Naqi by contributing an innovative work entitled " ENTREPRENEURSHIP ". He has rightly added a sub-heading to the book by stating that it is a recipe for economic development.

The crying need of today is Entrepreneurial Revolution to usher in an era of prosperity for social stability in Pakistan. The book is an appropriate response to meet the above challenge.

Some of the special features of the book include :

* A solid effort for bringing Entrepreneurial Revolution in Pakistan.

* A simple readable book for entrepreneurs.

* Provides global and local research on characteristics

* Provides practical steps for entrepreneurs as to how to start and run a small business successfully.

* Provides guidance to financial institutions as to how to help and conduct the entrepreneurs through various stages for securing success.

* It is a guide for owner managers of family business to secure perpetually of their businesses.

* The book contains various check lists to ensure high level of success in business, trade and commerce by entrepreneurs

Spread over 11 chapters, the book is supported with 13 annexures and a bibliography. Major contents include :

1. Pakistan - A member of LDC's Club 2. Entrepreneurship - 3. Entrepreneurship - Pakistan Scenario 4. Small Business 5. Small Business for Entrepreneurs 6. Small Business in Pakistan 7. Institutional Support for SMEs in Pakistan 8. Setting Up and Running a Small Business (19 Sections) 9. Guide for Management of Resource Organizations Responsible for Small Enterprise Development (7 Sections) 10. Family Business (8 Sections) 11. Epilogue

Dr. S. M. Naqi has been a successful entrepreneur himself. Besides making a distinct contribution in Government, Public and Private sectors, he has demonstrated family business success in Pakistan by establishing successful ventures. He has devoted his life to promoting entrepreneurship by teaching in various schools of business education in Pakistan and has made a rich contribution to the cause of management development and education in Pakistan and abroad.

Since the birth of Pakistan, readers, scholars, bankers and younger generation of Pakistan have been awaiting a book containing guidelines for entrepreneurs. He has rightly stated that entrepreneurs are not only born, but they can be developed.

I congratulate the author for his magnificent effort. Indeed, wide readership in Pakistan and abroad will be greatly benefitted from reading this book.

The book manifests that there is light at the end of the tunnel and the commencement of entrepreneurial revolution will be triggered off by this book to develop a firm and strong hope for a prosperous Pakistan as rightly visualised by Allama Iqbal, the thinker of Pakistan, and Quaid-e-Azam Muhammad Ali Jinnah, the founder of Pakistan.

Let us all seek inspiration from the effort of Dr. S. M. Naqi and pledge full support to the above cause.