Waji Boutique Case Study

In: Business and Management

Submitted By Fatihahlim
Words 1905
Pages 8
Reference No. : TC 050 (ICSC)
Case: Sour Experiences Make Waji Boutique Look for Better Ways to Run the Business
Usman Nazir
-------------------------------------------------
The case is written by Asst Professor Usman Nazir (usmannazir@iba.edu.pk) solely for the purpose of class discussion. It is not intended to indicate any effective/ineffective handling of managerial situation. The author may have disguised certain names and other identifying information to protect confidentiality.
It had only been a few months since Mr Bashir Ahmed, a retired IT Consultant, opened a boutique. He had done a good job in setting up the boutique and sourcing the necessary products for it. His business was slowly nudging towards break-even and everything was running smoothly, so he thought. After seven months of work, his salesperson and the only employee, Khawar, left work without prior notice. Mr Bashir decided to sit at the boutique himself until he found a suitable replacement. He was shocked to find all the fraudulent activities and deceptive tactics Khawar had been using right under his nose. There was inventory mismanagement, accounts manipulation and hidden loans on company’s accounts. Mr Bashir is sitting at the boutique and thinking how to fix the issues and the best way to move forward.
Setting up the Boutique
Mr Bashir had been an IT expert all his life. He joined a multi-national IT company right after graduation and stayed with it for the next forty plus years until his retirement as a senior executive of the company. Life after retirement was what every person would wish for - all his dues were paid off; the daughters and sons were married and independent; the retirement policies had matured and started paying off; hefty pension from the company was coming into his account every month. All was good except one thing; he didn’t know what to do with his time. After…...

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