15th November,2013

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November 15, 2013 In this issue:

Editor’s Pick Managing change is managing innovation Editorial

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R&D Brief News 2 Four Major Changes in Global Prosperity 2 Global Innovation Index 2013: Main findings 4 Training & Development 5 Upcoming Events 5 News in Pictures 6

Editorial Team Chief Editor  Zahid Iftikhar Managing Editor  Rozeen Shaukat Associate Editor  Mujahid Ali www.irp.edu.pk mujahid@irp.edu.pk Phone: +92 42 3584 6988

Life is name of change. We observe blessings of change in universe and daily life. Change leads men and originations towards innovation and development .Change brings pleasant wave .According to management a guru , success of any business depends on marketing and innovation. In this ever-changing cum modern era and cut throat competition only progressive organizations are survived due to change management .Progressive organizations change their structure with the pace of time.

This is the era of technology revolution. Organization cannot be competitive if they do not adopt innovation practices.

Competition put the organizations on the right track.

Managing innovation is about Change. Organizations that innovate successfully clearly shows that they are excellent in change. It is good that organizations are changing their defining role in the areas of marketing, distribution ,CRM Operations, Employees & suppliers to be innovative.

Islam also give lesson to bring revolution in life.

Organizations need to change attitude to provide maximum value addition to customers .Let us bring change in our life for the betterment of society.

Mujahid Ali

“The world as we have created it is a process of our thinking. It cannot be changed without changing our thinking.” ― Albert Einstein

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Brief R&D News  IRP organized a networking dinner for NUST Scientists and 10 Industry CEOs at Executive Club, University of the Punjab on 1st November 2013. Its main purpose was to develop linkages among academia and Industry. Director ,IRS Dr.Shafiq briefly discussed activities & services of IRP at this occasion.  A team of 8 NUST Scientists visited Lahore industries on 2nd November 13.During their visit Industry shared workable projects with academia. Team also visited other industries to explore opportunities to work together in future.  It was a very good productive progress review session with NUST scientist about three technologies. IRP will get 10 technologies per year from NUST university’s scientists in the first week of November 2013.  Chief Coordinator, Rahmat Ullah gave detail briefing to Scientists of Quaid-i-Azam about enzyme application and potential of import substitution in textile at UMT Lahore.  International Journal of Innovative & Applied Finance (IJIAF) journal is now indexed in the Index Copernicus. We would like to thank members of the editorial board and reviewers for their contributions due to which IJIAF is gradually progressing. The editorial board is determined to get it indexed in other leading databases.  IRP publishing is going to launch ―Technology Journal‖ very soon. Its core objective to promote research by graduate. It will support and promote graduates level research conducted for their final year theses .Interested departments/students can contact at simt@irp.edu.pk  New issue of Riceplus Magazine is out now. More detail can be seen by visiting on http://publishpk.net/index.php/riceplus.Researchers are requested to write for Riceplus Magazine contact: riceplus@irp.edu.pk

 Theses fair is expected for students of food technology of Sargodha University. IRP needs 10 industry driven research topics for MS Theses.  Institute of Research Promotion is looking for research students /faculty for development of local waxes for fruits and vegetables.

Technology & Innovation Four Major Changes in Global Prosperity

by Nathan Gamester | 1:00 PM October 30, 2013 It was Abraham Maslow who gave us that famous observation — ―when the only tool you have is a hammer, everything looks like a nail.‖ We all understand the implication: Anyone attempting to solve an ambiguous problem should start out in possession of a broad set of tools.It

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is curious, then, that we continue to fall into the trap of reaching for one dominant tool for measuring the success of nations –- a narrow gauge of economic growth — and believing that the fixes it suggests are the one way to achieve progress.Of course economic success is important –- most obviously in providing citizens with the things that make life better (healthcare, education, etc.) -– but only up to a point. Wealth alone does not make for a happy and successful society.

Measuring success based solely on wealth, therefore, misses the many nuances of human wellbeing. National prosperity should be defined as much by human freedom, sound democracy, vibrant society, and entrepreneurial opportunity as it is by a growing economy.Over recent years, governments too have increasingly begun to realize that focusing on GDP growth alone does not necessarily lead to improvements in living standards of their citizens. Put simply, what’s good for increasing GDP may not be good for the long-term betterment of society. The outcome of this is the realization that what we measure needs to catch up with what we value.Over the last seven years, the Legatum Institute has been at the forefront of this ―beyond GDP‖ discussion. Our annual Prosperity Index –- the 2013 edition of which we released yesterday –- measures national prosperity based on eight core pillars that combine ―hard‖ data with survey data. The result is the most comprehensive assessment of national prosperity of its kind.This year the Prosperity Index offers five consecutive years of comparable data. The world has changed a lot over the last five years, and events have occurred that changed the course of history for millions of people — the financial crisis of 2008, the Arab Spring, and the ongoing civil war in Syria, to name just a few.In assessing national prosperity, considering trends over five years of data allows us to step back from the twists and turns of specific circumstances and, instead, consider the general direction of travel. And so what do we observe from this vantage point? Here are four observations that stand out.

Global Prosperity is Rising. Despite the tumultuous events of the last five years, global prosperity is actually still on the rise. This is driven by big technological advancements, as more and more people gain access to infrastructure vital for commerce and entrepreneurship to thrive.

Also driving global prosperity are huge advancements in global health (especially across subSaharan Africa). For example, life expectancy in sub-Saharan Africa has risen by more than three years just since 2010.

Latin America is Rising. The Prosperity Index shows that Latin America is a region on the rise, demonstrating steady economic growth. Countries such as Mexico, Brazil, Chile, and Panama perform well on economic measures. In fact, in the last five years, every single country in Latin America and the Caribbean (with the exception of Jamaica) has improved its economic performance in the Index.

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Europe’s Loss is Asia’s Gain. The trend from Latin America adds to a wider observation that a new economic order is emerging. As many Western countries – predominantly European countries – have fallen from being among the top-performing economies in the world, they have been replaced at the top by Asian countries. Malaysia, China, and Thailand now rank among the top 15 countries on economic measures, occupying rankings that, five years ago, were held by countries such as Denmark, Finland, Netherlands, and Ireland.

Bangladesh overtakes India. For the first time, Bangladesh has overtaken India, ranking 103rdoverall, compared to 106th for India. The two countries have been moving in opposite directions since 2009. India has fallen down the rankings on six of the eight pillars of prosperity, while Bangladesh has improved its position on six of the eight. India has declined most dramatically in Safety & Security, the Economy, and Governance. The data show that Bangladeshis live longer, healthier, and safer lives than their Indian counterparts.Using a broad framework for measuring success allows for a clear-eyed understanding of the factors that both promote and restrain prosperity. This – to borrow Maslow’s terminology – provides the policymaker with tools beyond just a hammer with which to fix problems.The path to prosperity for nations is complex. The history of human progress reveals a wide array of factors that combine to propel nations forward on their journey of development. The precise combination and ordering of these elements may be debated and questioned, but the truth remains: national progress – much like human progress – is comprised of a complex blend of different factors. The Prosperity Index, much like Maslow’s most famous contribution (the hierarchy of needs), attempts to provide a framework to understand and measure some of the most important factors that drive progress and development.

Source with thanks: http://blogs.hbr.org/2013/10/four-major-changes-in-global-prosperity/

Global Innovation Index 2013: Main findings The GII presents a rich trove of data to analyze innovation trends. The GII model has evolved over its last editions, and each year the variables included in its computation are reviewed and updated to provide the best possible snapshot of global innovation. Thus, year-on-year comparisons are not always easily possible and care needs to be exercised when analysing specific trends. Innovative countries (with the exception of a few small economies or city states, such as Switzerland and Singapore) are rarely able to achieve uniformly high levels of achievement along all the different input dimensions of the GII model. Rather, many of the innovation capabilities are developed in local ecosystems that revolve around particular cities, clusters, or regions. Hence it is only appropriate that this year’s GII focuses on the local dynamics of innovation. Some of the key findings of this year’s report are summarized below.

Innovation is a global game: The top-ranked countries in the GII come from different parts of the globe, confirming the global dispersion of innovation. The top 10 this year are ranked as follows:

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1. Switzerland (1st in 2012) 2. Sweden (2nd) 3. United Kingdom (5th) 4. Netherlands (6th) 5. United States of America (10th) 6. Finland (4th) 7. Hong Kong (China) (8th) 8. Singapore (3rd) 9. Denmark (7th), and 10. Ireland (9th).

Published with permission of www.globalinnovationindex.org

Training & development  IRP conducted two day workshop on Literature Review-Made Easy held on November 08-09, 2013 at National Library of Pakistan, Islamabad. Leading Resource persons were Dr.Shafiq Ahs and Dr.Amira Khata from ISRA University. Participants found workshop informative and worth while.Intersed institutes/organization can organize event at their premises/online .IRS provides quality training programs to promote research culture across the world by deputing excellent trainer having grip in their subject area. Contact for detail: ctd@irp.edu.pk Mr.Zeeshan ,Manager CTD +92 321 451 6964  Intellectual Property organization (IPO) organized one day workshop on Intellectual Property Rights (IPR) for SMEs at FPCCI on 31st October,2013.SME sector can get competitive advantage by adopting IPR. A team from IRP comprising Mujahid Ali & Wajahat Khan participated in workshop .This one day workshop trained the participants that how they can be competitive in global and local market by adopting IPR and how IPO can be helpful for SMEs. Different options were discussed regarding adoption of Intellectual Property Rights.

Upcoming Events IRP Publishing offers Free Webinar on ―Publishing with academic publishers - how to be the part of global community of scholars‖ Date: 5th Dec. 2013

Time:

CEO Summit Asia Marriott Hotel Karachi, Pakistan Date: November 27,2013 managertoday@live.com register@ceoummitasia.com http://ceosummitasia.com/

3pm-4pm (PST) Contact mujahid@irp.edu.pk

Two Day Workshop on Managing Qualitative Research with NVIVO Software Online December 07-08, 2013 On-site: December 13-14,2013 at The University of Lahore, Pakistan ctd@irp.edu.pk Cell: +92 321 451 6964

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Pictorial glimpse of IRP Events

15,2013