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Should a 77-year-old enterprise, which is in a state of seemingly irreversible administrative and economic meltdown, outsource its management to a 186-year-old corporate that has established its presence in over 150 countries, spanning six continents, by making and marketing a wide variety of goods and services, from steel plants and airlines, to power generation and financial consultancy, and whose balance sheet has outstripped that of the younger undertaking?
It makes good business sense. The 77-year-old establishment is Pakistan, which after widespread allegations of flagrant rigging in its recently concluded general election, and with its coffers ruinously depleted, has once again been plunged into an existential crisis, teetering on the brink of becoming a failed state.
Indeed, ever since its founding Pakistan has been a shambolic democracy, holding ritualistic elections to appoint puppet governments while successive generals literally call the shots, aimed at India in adventurous wars and skirmishes to divert its peoples’ attention from the enemy within, which is its army’s self-serving jingoism.
With this unedifying track record, Islamabad should hand over its operations to a private entity, the current market value of which, at a reported $365 billion, has overtaken Pakistan’s GDP of $341 b. True, you can’t compare GDP to m-cap. But it’s still interesting, and instructive.
The private entity is the Tata group, whose 29 listed companies deal in everything from steel to software, motor vehicles to chemicals. It is this ability to diversify that gives the group the crucial edge in being the top contender to handle the management of Pakistan.
A SWOT – Strength, Weakness, Opportunity, Threat – analysis would show that diversification is Tata’s main Strength, which can remedy Pakistan’s Weakness, caused by the monopoly its army, and the army’s wholly owned subsidiary, ISI, has in the management of the country, with a single-minded marketing strategy focused solely on Kashmir, and which produces just one item of export, namely, cross-border terrorism, which is its sole core competence, giving Tata an Opportunity to come to Islamabad’s rescue and save it from the Threat of imminent collapse.
The choice is simple. Tata Pakistan? Or Goodbye, Pakistan?
Disclaimer
This article is intended to bring a smile to your face. Any connection to events and characters in real life is coincidental.
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