Re: Asad Umar's response to Haroon ur Rasheed's assertion that he was forced to leave Angro - Exclusive Interview with Siasat.pk
Fact of the matter is we are prestigious that make us bias. If we hold ourselves to merits then we are able to draw lines and progress.
Haroon Rashid may had information about Asad Umar's incumbency failures but as independent you may observe some weird decision at Engro.
For instance, I mention one thing, otherwise many can be quoted here:
Engro Food uses Tetra Pak for packaging it's products which are perceived to be "recycled" but we know "rate" of recycle in Pakistan.
Tetra Pak is mainly made up of wood and Engro was 18th largest customer using Tetra Pak in 2011 and that year it consumed one billion paks.
While Pakistan heads in Asia in deforestation and per capita is only 0.05 ha against world average of 1.0 ha.
Engro spent Rs.186 million in CSR projects among which 16% were in building "model" village destructed by floods which obviously could be prevented through having more forests.
In contemporary management studies we call it as "reactive" planning rather than much preferred proactive and we also study golden principle as: doing the right things instead of doing the things right!
As CEO you are meant to draw corporate strategy which is redefined by Michael Porter at Harvard Business School as: what good for society is good for business, not the otherwise classic view as: what good for business is good for society mentioned by Milton Friedman.
There could be argument as Asad Umar was not alone in making decisions but he definitely had a voice and key player in such matters.
