Search results

After reading this case study, students will be able to understand the impact of cyber threats on businesses; explore the intersection of innovation and ethical considerations; understand the proactive role of entrepreneurs in identifying gaps in traditional industries, such as insurance, and innovating solutions that align with local dynamics; and learn to formulate strategies addressing cultural factors, market gaps and challenges.

The case study follows Hasnain, a prosperous entrepreneur in Pakistan, who was surprised by the news of a cyberattack on Bank Islami. This event, coupled with a personal data breach in his family’s business, triggered Hasnain’s willingness and interest to address the growing threat of cyber risks and attacks. As the progenitor of a digital solutions startup, he identified a gap in the insurance industry’s replication to cyber threats and envisioned the desideratum for a Sharia-compliant cyber-insurance product withal called cyber risk takaful. The case study explores Hasnain’s journey as he contemplated the challenges of introducing cyber risk takaful – a Sharia-compliant insurance solution for businesses and individuals. Apperceiving the low vigilance and perceived costs associated with cyber insurance, Hasnain faced the dilemma of surmounting these barriers in a country where the penetration of insurance, in general, is already minimal. The story raises critical questions: How can Hasnain efficaciously introduce cyber risk takaful to a market reluctant to embrace cyber insurance? What business strategies should he use to engender vigilance and acceptance of this innovative insurance solution? Will businesses and individuals embrace the concept of cyber risk takaful and recognize its paramount in forfending their digital assets?

This case study is designed to meet the educational needs of both undergraduate and postgraduate students, particularly those enrolled in business administration programs. This case study is tailored for students in the final year of BBA and the first year of MBA programs. It is also well-suited for executive education programs that focus on strategic decision-making in the context of emerging market challenges, such as entrepreneurship and corporate strategy. The case study is particularly relevant for courses centered on entrepreneurship, business strategy, strategic management and corporate strategy.

Teaching notes are available for educators only.

CSS11: Entrepreneurship.

Thermophoresis deposition of particles is a crucial stage in the spread of microparticles over temperature gradients and is significant for aerosol and electrical technologies. To track changes in mass deposition, the effect of particle thermophoresis is therefore seen in a mixed convective flow of Williamson hybrid nanofluids upon a stretching/shrinking sheet.

The PDEs are transformed into ordinary differential equations (ODEs) using the similarity technique and then the bvp4c solver is employed for the altered transformed equations. The main factors influencing the heat, mass and flow profiles are displayed graphically.

The findings imply that the larger effects of the thermophoretic parameter cause the mass transfer rate to drop for both solutions. In addition, the suggested hybrid nanoparticles significantly increase the heat transfer rate in both outcomes. Hybrid nanoparticles work well for producing the most energy possible. They are essential in causing the flow to accelerate at a high pace.

The consistent results of this analysis have the potential to boost the competence of thermal energy systems.

It has not yet been attempted to incorporate hybrid nanofluids and thermophoretic particle deposition impact across a vertical stretching/shrinking sheet subject to double-diffusive mixed convection flow in a Williamson model. The numerical method has been validated by comparing the generated numerical results with the published work.

The hybrid nanofluid flow due to a rotating disk has numerous applications, including centrifugal pumps, paper production, polymers dying, air filtration systems, automobile cooling and solar collectors. This study aims to investigate the convective heat transport and magnetohydrodynamics (MHD) hybrid nanofluid flow past a stretchable rotating surface using the Yamada-Ota and Xue models with the impacts of heat generation and thermal radiation.

The carbon nanotubes such as single-wall carbon nanotubes and multi-wall carbon nanotubes are suspended in a base fluid like water to make the hybrid nanofluid. The problem’s governing partial differential equations are transformed into a system of ordinary differential equations using similarity transformations. Then, the numerical solutions are found with a bvp4c function in MATLAB software. The impacts of pertinent parameters on the flow and temperature fields are depicted in tables and graphs.

Two solution branches are discovered in a certain range of unsteadiness parameters. The fluid temperature and the rate of heat transport are enhanced when the thermal radiation and heat generation effects are increased. The Yamada-Ota model has a higher temperature than the Xue model. Furthermore, it is observed that only the first solution remains stable when the stability analysis is implemented.

To the best of the authors’ knowledge, the results stated are original and new with the investigation of MHD hybrid nanofluid flow with convective heat transfer using the extended version of Yamada-Ota and Xue models. Moreover, the novelty of the present study is improved by taking the impacts of heat generation and thermal radiation.

This study investigates the behavior of viscous hybrid ferromagnetic fluids flowing through plain elastic sheets with the magnetic polarization effect. It examines flow in a porous medium using Stefan blowing and utilizes a versatile hybrid ferrofluid containing MnZnFe₂O₄ and Fe₃O₄ nanoparticles in the C2H2F4 base fluid, offering potential real-world applications. The study focuses on steady, laminar and viscous incompressible flow, analyzing heat and mass transfer aspects, including thermal radiation, Brownian motion, thermophoresis and viscous dissipation with convective boundary condition.

The governing expression of the flow model is addressed with pertinent non-dimensional transformations, and the finite element method solves the obtained system of ordinary differential equations.

The variations in fluid velocity, temperature and concentration profiles against all the physical parameters are analyzed through their graphical view. The association of these parameters with local surface friction coefficient, Nusselt number and Sherwood number is examined with the numerical data in a table.

This work extends previous research on ferrofluid flow, investigating unexplored parameters and offering valuable insights with potential engineering, industrial and medical implications. It introduces a novel approach that uses mathematical simplification techniques and the finite element method for the solution.