The Corporate World which is full of leaders with fancy C-Suite designations, fat salaries and bonuses got completely caught off-guard by Covid-19 (C19) pandemic. When the C19 was declared as a Pandemic in the month of March 2020, the entire corporate world came to a grinding halt. Photo by CDC on Unsplash Photo by Edwin Hooper on Unsplash The pandemic indeed has been an ultimate leadership test for all corporate leaders. Leaders were always aware on how businesses should be prepared to face challenges, prepared for disruptions, business continuity, disaster recovery, risk management, succession planning and so on. However,
How to Operate a Small Business in UAE – A 10-Point Guide for Beginners
Starting a small business is much easier in UAE as compared to other Gulf countries. Yet the new entrepreneurs often ask the question, “how to operate a small business in UAE?”; Despite all odds faced by the Covid-19 pandemic, operating a small business in UAE has many merits. Over the last decade, the country has been at the forefront of all Gulf countries in terms of economic growth. Resilience, innovative economic policies of the Rulers, combined with a commitment to face the change, were a few reasons that made UAE an attractive destination of capital. Since 2017 UAE has faced
Business Excellence models for Business Excellence
Excellence is defined as being outstanding or extremely good. A business is defined as an organization or enterprising entity engaged in commercial, industrial, or professional activities. The combination of those two leads us to the derivation that the path Business Excellence (BE) is a path taken by businesses on a journey towards implementing and following outstanding business practices in the discharge of their duty. But it is much more than just having an outstanding quality process in place. It means achieving excellence in whatever the company does, from leadership to sales, and from procurement to end deliverables, all the while achieving superior
The Waiting Game
The waiting game is one where people wait to see what others do or wait for opportunities before taking any action. I see people adopting the waiting game for everything and anything. Is it smart to play the waiting game in every situation? The waiting game is interesting and fruitful only when deployed under the right circumstances. Often, it is possible that the bad habit of procrastination is being hidden under the guise of the waiting game. As a business strategist, I do advise my clients to play the waiting game but only in very select scenarios. In most cases,
Tourism Today – Crashed or Crumbled?
The biggest employer in this world is the tourism industry that has major constituents such as hotels, resorts, airline companies, ground transport fleet, restaurants, etc., as enablers. February 2020 brought a death knell to the entire industry that has put the investors, owners & employees in a state of animated suspension that is unprecedented with more than a billion people directly or indirectly depending on it for a livelihood stunned at the happening & looking into eternal darkness. For many, it sure is the end game. Has tourism crash-landed or has it crumbled to pieces? I believe the answer is both.
Evolution of the transportation industry
Just to walk around is travel. From the using legs to move around, men had started using sledges as early as 7000 BC and he was on wheels as per known ancient transportation history by 2000 BC. Today, people stream around in jets, will soon be using the hyperloop and not far in the future, tele-transportation will be a reality. The real transformation of travel began with the invention of steam-cars and fossil fuel vehicles. The only driving factor behind this evolution is innovation, though a few may not have been necessitated. If there is one industry that has adapted
Finance and its importance in modern-day society
Finance. We all have heard this word somewhere or another in our lives. But what exactly is finance? Is it limited to just its practitioners? Or does its implication affect all of us in one way or another? In this article, I am going to look to answer all these questions and many more. A quick google search on the word finance tells us that “Finance is the study of money and how it is used. Specifically, it deals with the questions of how an individual, company or government acquires the money needed – called capital in the company context
GUIDED MASTERY
The whole world is facing a pandemic and the extent to which this would cause damage is a mystery. This phase will go away soon and things will start to resume leading to normalcy. When we get back to normalcy what became an only option during lockdown could well become the norm of the day. More and more people may work from Home and more and more people may go back to their native towns and not stay in Metropolitan Cities. “Survival of the fittest” will become the norm forever. To stay as the fittest organisation you need to stay
Education and technology
Technology. It needs no introduction. For a little less than a half-century, we have been surrounded by huge leaps taking place in this field, be it the development of the first computer, or the first PC or the mobile phone or the smartphone, you name it. Today we live in an age where the size of the world has considerably reduced just because of the advents in technology. Travelling time has become lesser, communication happens within seconds and all of this happens at a reduced cost than what was before. There is no doubt about the benefits that technology has
Continuous improvement
Elephants and ants have been living the same way for the last several centuries. We human beings have not lived the same way for even a few decades. We have been constantly looking to improve on everything and hence the way of life has undergone changes. Change is the only thing that is constant in our lives. With the advancement of technology, change itself is frequently changing through continuous improvement. For instance, cars, trains and buses have all been constantly improved over the years. Aircraft and ships have also undergone changes and improvements over the years. The house in which