Pharma macro-environmental risks and organizational self-development

By focusing on the pharmaceutical or pharma industry in Khyber Pakhtunkhwa, Pakistan, this study empirically assesses the effects of macro-environmental risks on organizational self-development. The pharma industry in that area suffers from electricity shortages, parliamentarian transience, and terrorism and counterterrorism acts. Through a survey instrument, data were collected from pharma supervisory personnel and analysed via the PLS-SEM technique. The results confirm the adverse effects of macro-environmental risks on organizational self-development. Ergo, the article urges local parliamentarians to encourage egalitarianism, to mitigate terrorism and counterterrorism acts, and to enable the provision of electricity as well as organizational securities that can sequester the disadvantageous effects of macro-environmental risks. The study offers directions for future research and recommendations for policy-making that can help business professionals with their self-development capabilities.