Auto Industry
1. The Environment of Business
1.1. System
A system is one, which has interrelated parts and functions as a whole. The human body, galaxial and economic systems are some common examples. Similarly, there are several departments in a business organization, which are all interrelated and the organization functions as one system. Like other business organizations, Pak Suzuki functions as one system and there are several departments working in the organization
1.2. Company Profile
Pak Suzuki Motor Company Limited (PSMC) is a public limited company with its shares quoted on Stock Exchanges in Pakistan. The company was formed in August 1983 in accordance with the terms of a joint venture agreement concluded between Pakistan Automobile Corporation Limited (PACO), representing Government of Pakistan and Suzuki Motor Corporation (SMC) – Japan. The Company started commercial production in January 1984 with the primary objective of progressive manufacturing, assembling and marketing of Cars, Pickups, Vans and 4x4 vehicles in Pakistan.
The foundation stone laying ceremony of the company’s existing plant located at Bin Qasim was performed in early 1989 by the Prime Minister then in office. By early 1990, on completion of first phase of this plant, in-house assembly of all Suzuki engines started. In 1992, the plant was completed and production of the Margalla car commenced. Presently the entire range of Suzuki products currently marketed in Pakistan are being produced at this Plant.
Under the Government’s privatisation policy, the company was privatised and placed directly under the Japanese management in September 1992.
At the time of privatisation, SMC increased its equity from 25% to 40%. Subsequently, SMC progressively increased its equity to 73% by purchasing remaining shares from PACO. The total foreign investment brought in by SMC – Japan since inception stands at Rs.1027 million.
The Suzuki Management immediately after privatisation started expansion
1.1. System
A system is one, which has interrelated parts and functions as a whole. The human body, galaxial and economic systems are some common examples. Similarly, there are several departments in a business organization, which are all interrelated and the organization functions as one system. Like other business organizations, Pak Suzuki functions as one system and there are several departments working in the organization
1.2. Company Profile
Pak Suzuki Motor Company Limited (PSMC) is a public limited company with its shares quoted on Stock Exchanges in Pakistan. The company was formed in August 1983 in accordance with the terms of a joint venture agreement concluded between Pakistan Automobile Corporation Limited (PACO), representing Government of Pakistan and Suzuki Motor Corporation (SMC) – Japan. The Company started commercial production in January 1984 with the primary objective of progressive manufacturing, assembling and marketing of Cars, Pickups, Vans and 4x4 vehicles in Pakistan.
The foundation stone laying ceremony of the company’s existing plant located at Bin Qasim was performed in early 1989 by the Prime Minister then in office. By early 1990, on completion of first phase of this plant, in-house assembly of all Suzuki engines started. In 1992, the plant was completed and production of the Margalla car commenced. Presently the entire range of Suzuki products currently marketed in Pakistan are being produced at this Plant.
Under the Government’s privatisation policy, the company was privatised and placed directly under the Japanese management in September 1992.
At the time of privatisation, SMC increased its equity from 25% to 40%. Subsequently, SMC progressively increased its equity to 73% by purchasing remaining shares from PACO. The total foreign investment brought in by SMC – Japan since inception stands at Rs.1027 million.
The Suzuki Management immediately after privatisation started expansion