Professional Documents
Culture Documents
Entrepreneurship
Concept and Case Study
Acknowledgement
I would like to express my special thanks of gratitude
to Mr. ALI Riaz for the research on Bahria town and
helping out in making this project .I would also like to
thank Mr. Khalid and Mr. Noman Arshad for the
assistance in trialing materials.
Entrepreneur
“An entrepreneur is a person who has possession of a
new enterprise, venture or idea and assumes significant accountability for the
inherent risks and the outcome.”
The term is originally a loanword from French and was first defined by the Irish
economist Richard Cantillon. Entrepreneur in English is a term applied to the type
of personality who is willing to take upon him a new venture or enterprise and
accepts full responsibility for the outcome.
As a leader the entrepreneur is the main person behind a firm; she or he can
demonstrate her or his quality as a leader by choosing the right managers for the
firm.
A more generally held theory is that entrepreneurs emerge from the population on
demand, from the combination of opportunities and people well-positioned to take
advantage of them. An entrepreneur may perceive that they are among the few to
recognize or be able to solve a problem.
Great Entrepreneur of
Pakistan
Net Worth
Malik Riaz is officially one of the wealthies Pakistani's with a net worth estimated
at USD 800 million.
Philanthropy
Following the devastating floods in Pakistan that took place in 2010, Malik Riaz
pledged to give away 75% of his wealth to the country. He urged fellow wealthy
Pakistani's to do the same and even wrote letters to 100 of the richest individuals in
Pakistan. Because of his philanthropic initiatives, he is being dubbed as
the Warren Buffett of Pakistan.
Mr. Malik Riaz as an Entrepreneur
No matter what it takes, Mr. Malik Riaz would always stand by his words.
We have a practical example for this. Mr. Riaz wanted to make Bahria
Town a trusted corporation and he has always been partnering with
conglomerates like DHA and Starwood Resorts to enhance credibility.
Riaz’s never-quit attitude is one of the most prominent reasons behind his
success. When he began operation in Pakistan, he was forced to give up
by political, economic and competitive forces. But then, he found his way in
the interests of both the country and its politicians.
Devoted disproportionate time to the Business Riaz’s restless nature has
contributed a lot to his success. He is always producing new ideas and providing
ways for their practical implementation.
Mr. Malik Riaz would always do things which he enjoys and once he’s finished, he
achieves personal satisfaction. The whole Bahria Town project was no less than a
dream to him and he has done his very best to realize it.
Although he has not taken formal accounting education, Riaz is too good with
numbers. He keeps himself updated with the real estate market and manages his
money in the most appropriate manner. For instance, when Riaz was about to
launch Bahria Homes (8 Marla Houses), he asked all the Safari Home owners to
sell their homes back to him at two times of the purchasing price. The owners did
and he launched those Bahria and Safari Homes at five times of the original price.
He is an expert when it comes to cash/money management.
Malik Riaz understands the psyche of Pakistani customers. He knows that the
ultimate dream of a Pakistani national is to have a house of his own and his
housing.
Bahria Town’s Background
Bahria Town was established in the year 1996. The main objective was to build not
only homes but several value-added, master planned commercial projects that
would contribute to the economic development of the country. The chairman/CEO
Mr. Malik Riaz got a contract to develop 2,388 kanals of Revenue Employees
Cooperative Housing Society land. Although several controversies have affected
the image of Bahria Town, yet it has been successful to maintain the impression of
a luxury housing society.
Chairman's Message
Bahria Town is the force turning the vision of Pakistan into reality. Bahria
Town’s 20,000 direct employees are delivering iconic developments, driving
leadership, pioneering innovation and creating a legacy for generations to come.
Landmark buildings, thriving communities, market leading retail offerings and
unprecedented investment opportunities. We are making a huge contribution to the
improvement of people’s life and opportunities. Discover Bahria Town through the
6 Divisions based on Master Planned Communities, Education, Healthcare, Media,
Recreation/Retail and Hospitality.
The effects of our value system are far reaching. We have forever raised the
standards of real estate development by giving awareness to the customer. The real
estate sector has today been formally recognized as an Industry in Pakistan.
Investment in over rupee 9 trillion across the past 2 years only in new housing
initiatives has activated economy, provided over 100,000 jobs, sustained and
developed dependent industries and attracted immense foreign exchange inflow
from overseas Pakistanis. Bahria Town has established the national economy by
motivating pure foreign investment in the real estate sector.
We all owe this to our great people; a nation that has earned the reputation of an
aware society that welcomes initiatives, values innovation and rewards quality.
The same people make up the happening team at Bahria Town. From officer to
senior management and field to the corporate office, every single member of our
family is dedicated to live the promise that we have all sworn; continuous
improvement in the quality of lifestyle however diverse and demanding!
I would like to re-commit here that we shall continue to be the most innovative,
pioneering, leading, value driven, choicest option for those who work for the
cause, our employees and our customers alike.
Malik-Riaz-Hussain
Chairman
Vision
To build the future, we need ideas, the free flow of those ideas, and the effective
use of human power and technology to shape those ideas into life changing ground
realities. Globalization makes all this ever more possible and easier, since the
landmarks in luxury lifestyle around the world, that took centuries to be built and
perfected, are the priceless jewels of our inspiration.
Yet, there is much more to be achieved, many novel ideas to be conceived, and a
great many horizons waiting to be discovered. Bahria Town looks forward to
inspire the world more than it inspires us.
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Mission
Bahria Town aspires to be Pakistan’s greatest builder of all times, with projects
offered to an eclectic mix of segments , at choice locations with world class
amenities, while ensuring the highest international standards, timely delivery, and
lifelong customer satisfaction.
Bahria Town which began as a housing society in the year 1996 is working on a
number of existing and potential housing and commercial projects. The company
operates in three cities at present namely, Rawalpindi, Islamabad and Lahore and it
is looking forward to expand in Murree and Karachi as well. During the course of
its success, Bahria Town launched several housing, commercial and welfare
projects. These include:
Safari Villas
Safari Apartments
Safari Valley
Bahria Homes
Meadows
Executive Lodges
Bahria University
ACE Academy
Commercial Zones
Bahria Town Dastarkhwan and many others.
Welfare Projects
Providing daily free meals, twice a day, to more than 35,000 people
throughout Pakistan under Bahria Town Dastarkhwan.
Thousands benefit from free medical treatment ranging from dialysis to open
heart surgery, bone marrow transplant to general treatments in 3 large Bahria
Town Trust hospitals.
Running centers for over 4,000 orphans with educational and lodging
facilities.
Always at the forefront in helping the nation in times of natural calamities &
unfortunate incidents such
Rawalpindi. Also led many relief teams for the aid of IDP’s, which
provided financial, medical & food
Bahria Town Education
Bahria Town Trust
Dastarkhwan
Two meals a day for the poor is a small contribution But, even small contributions
can make a big difference. An unprecedented initiative providing FREE meals,
twice a day, to more than 35,000 people throughout Pakistan. Opening 12 more
Dastarkhwan in addition to 6 already operational outlets. Overall spending of PKR
30 million rupees on providing 10,500,000 meals annually. By the grace of god
almighty we are providing free daily meals to more than 35,000 people daily, twice
a day. We will Inshallah be opening 12 more Dastarkhwan in addition to 6 already
operational.
General Features
Food - Each Dastarkhwan has its own kitchen in its premises. Fresh food is
prepared daily by the staff. Food is prepared in an hygienic manner. The menu
keeps rotating with pulses & meat. Halwa as a dessert is also added on Sundays.
During the Holy Month of Ramadan special iftar is also served.
Social and Financial Impact - Mostly lower income segment group comes for
food at Dastarkhwan. Dining outside costs Rs. 35 per meal per person. At
Dastarkhwan one can save almost Rs. 2,000 per month. It ultimately helps him/her
to meet other living expenditures & also save and send more amounts back home.
Moreover his/her integrity does not get tarnished.
Testimonials
LT. General Sallah Ud Din, HI, HI (M), S Bt | Chief of the General Staff |
General Headquarters Rawalpindi
Over the years Bahria Town has definitely emerged as kind of a model for modern
community living in Pakistan. Your ingenuity and imagination has ushered in an
era of modern housing in the country which will have positive effects on the
people’s life style and has provided a concept for other organizations and
companies in Pakistan to emulate.
I pray your set up helps in bringing positive changes in the life’s of the common
Pakistanis to be able to afford quality living in secure and serene environment
within their humble and limited means.
I wish Bahria Town the very best of luck in bringing greater happiness in the lives
of our country men and success in their projects.
Dr. Zahoor Ahmed (Peshawar)
I was really impressed from the designing and decorum of the house, especially the
accommodation of facilities in 600 yards plot. Brig. Sajid RizviCreative designs
with false ceilings and depression in the walls. The efforts to set these new trends
in housing sector are highly appreciated.
Mahmood Salim Mahmood | Secretary, Ministry of Women Development
Your pioneering venture in building a world class community life in Pakistan
continues to receive the applause of one and all.
Kindly accept my personal compliments and best wishes for your glorious and
unrelenting achievements in the years to come.
Future Challenges
Although Mr. Riaz has realized his dreams, he’s still looking forward to a number
of projects in future. Some of his upcoming projects include:
Bahria Garden City
Bahria Golf City
Bahria Paradise
Bahria Icon
Ahram-e-Misr
In addition to Bahria Town’s upcoming projects, I would like to place some of my
own suggestions/recommendations that might benefit the development of this great
society. They include:
Bahria Town should link its first 6 phases with phase 7, 8 and 9 through a
Fly Over. This will double the prices of lands and houses as it would
become accessible from within the old Bahria Bridge.
Malik Riaz should introduce some more housing schemes for the ordinary
average class – especially the lower middle class.
In order to quadruple sales, Bahria Town should initiate mortgage loans. In
fact, they should enhance the installment period/tenure so that more and
more people could have their own houses.
Fresh graduates should be employed so as to benefit from honest efforts and
cheap cost of human resource.