...Executive summary Dubai World is one of the largest semi government organization in Dubai. It is a mammoth organization which has server entities under its operations. It has recently gone through a wave of restructuring and various other cost cutting measures to ensure that they remain competitive and effective in the wake of increasing costs and falling revenues. To address this concern the management introduced a performance management system or alternatively known as PMS. The intentions have been noble but the execution of the PMS has not been as successful as they aimed to be. The PMS starts with the objective setting which is agreed by the employee and the line manager. The objectives are then reviewed at the end of the period. This is done to assess the success or failure of the employee in reaching the objectives. The more the employee reaches or meets the objectives the higher rewards he/she is entitled to be. Furthermore, the top management is excluded from the overall PMS which makes it a fatal error for any successful implementation. The emphasis on the employee development is also clearly lacking which needs to be addressed if Dubai World wishes to attain a performance management system which can contribute fully towards reaching the objectives and improving the competencies and skills of the employees. All these ideas are explained in detail in the report. Overview of the organization Dubai is a holding company having a host of other companies like dry docks...
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...170588-3218 Characters: 22. 050 Introduction Dubai is claimed by many to be the centre of the Middle East, and by some, of the world. Connecting many countries, continents, cultures and people Dubai is a very cosmopolitan place that combines old tradition and religion with modernity, innovation, pioneering and extravagance. From the old traditional souks to the new modern malls we see people from all over the world, dressed in many different ways. It is sometimes easy to spot where people come from, especially if they are wearing a traditional costume for their culture. The locals of Dubai and the surrounding Emirates are called Emirati and the official religion of the United Arab Emirates is Islam. The traditional dress of the Muslim woman from the UAE is the Abaya, a kind of maxi dress or robe, it is long, has long sleeves, it is loose fitting and in the UAE it is generally black and simple, it is made of very thin fabric to make it cool in the scorching summers of Dubai and the surrounding Emirates. Muslim women in different parts of the world wear different garments, but all with the same purpose, to cover the body and not show the shape of the body, but in Dubai there is a large number of women in the black Abayas. There is a great contrast between the tourists, wearing tank tops and shorts revealing a lot of skin, and the Muslim women covering up their entire body, and some even their faces. There are many misconceptions, assumptions and prejudice about the Abayas and...
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...Political Risk Political risk is a type of risk faced by investors, corporations, and governments. It is a risk that can be understood and managed with reasoned foresight and investment. Broadly, political risk refers to the complications businesses and governments may face as a result of what are commonly referred to as political decisions—or “any political change that alters the expected outcome and value of a given economic action by changing the probability of achieving business objectives.”.[1] Political risk faced by firms can be defined as “the risk of a strategic, financial, or personnel loss for a firm because of such nonmarket factors as macroeconomic and social policies (fiscal, monetary, trade, investment, industrial, income, labour, and developmental), or events related to political instability (terrorism, riots, coups, civil war, and insurrection).”[2] Portfolio investors may face similar financial losses. Moreover, governments may face complications in their ability to execute diplomatic, military or other initiatives as a result of political risk. A low level of political risk in a given country does not necessarily correspond to a high degree of political freedom. Indeed, some of the more stable states are also the most authoritarian. Long-term assessments of political risk must account for the danger that a politically oppressive environment is only stable as long as top-down control is maintained and citizens prevented from a free exchange of ideas and goods...
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...EXTERNAL ENVIRONMENT AND HRM | | | FATMA Yasin | 4/9/2014 | | Contents INTRODUCTION 3 LITERATURE REVIEW 4 COMPETITION 4 Direct Competition 4 Indirect Competition 5 TECHNOLOGY 5 GOVERNMENT 5 ECONOMY 6 PUBLIC OPINION 6 CUSTOMERS 7 CASE – THE ONE (Home Décor Company) 8 CONCLUSION 10 REFERENCES 11 INTRODUCTION There are a lot of changes in the external environment which impact human resource management. As a result of this change industries have reshaped themselves to be in the competition (Pritchett, 1994). An overnight demand of new skilled labour has risen drastically. The managerial work has also changed especially at the top level. Most of the managers believe that an organisation can continuously do well, if there are time to time developments made by the organisation with respect to customer needs, government regulations, technology and competition (Certo, 2000). The paper starts with the introduction of human resource management. It is followed by the explanation of external environmental factors that effects human resource management with a help of some journals. At the end, arguments explained are backed up with the live example of a company based in UAE. The name of the company is ‘THE ONE’ it faced some problems with environmental changes in human resource management in the initial stage, but it implemented some strategies to overcome the problem. According to the company, human resource is the most crucial part of the...
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...MTV Networks: The Arabian Challenge 1. Question 1 Experts felt that one of the biggest challenges faced by MTV while launching MTV Arabia was the prevalent culture in the Arab world. Discuss the Arab culture. How is it expected to pose a challenge to MTV? First of all, it is impossible to talk about groups of people without generalizing. At this point it must be emphasized that there is not just “one” Arab culture or society. The Arab world is full of rich and diverse communities, groups and cultures. Each of the Arab countries has different perspectives. That’s why differences exist not only among coun- tries, but within countries as well. With 22 countries formed, the Arab region has in some parts the same religious, politics and ethical views and some are totally different Some people would say that it is known for reacting, and some think over reacting nega- tively to controversial content. For example, within the Arab’s there are three types of religions, Judaism, Islam and Christianity; so these make some things acceptable in some countries and in others not. Furthermore the Middle East offered a huge population of youth with a rich and diverse culture. And exactly these young people can be seen as the target group of MTV. But you also have to be aware in which parts of the Arabian world you are, because religion, for example, is one of the most important aspects on Arabs’ lifestyle, and has something to do in almost every decision Arabs’ take. Not only political...
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...MTV Networks: The Arabian Challenge TEACHING NOTE ABSTRACT MTV Networks (MTVN) had over the years developed a reputation for its ability to provide localized content without diluting what MTV stood for. However, the company faced the most challenging test in late 2007 with its launch of MTV Arabia in the Middle East, which some experts considered as the biggest launch in the channel’s history. While the market in the Middle East offered MTVN with huge opportunities due to its huge youth populace, MTV’s controversial content that was known for angering religious, political, and conservative communities could easily backfire in the conservative environment prevalent in the region. On the other hand, too much localization to suit the tastes of the region could dilute MTV’s global brand. The case discusses in detail the strategy adopted by MTVN to enter and expand in the Middle East and also the challenges faced by the channel. TEACHING OBJECTIVES & TARGET AUDIENCE The case will help the students to: • Understand the issues and challenges in entering and expanding operations in new markets which were culturally different from the organizations home/traditional/existing markets. • Understand the pros and cons of entering a new market with a standardized/adapted product to suit local preferences. • Analyze MTVN’s strategy in the Middle East, identify challenges and explore strategies that the channel could adopt in the future This case is...
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...1. Introduction History of Islamic Business Transaction Without a doubt, the history of Islamic Banking is quite interesting. Since the medieval era (1,000 – 1,500 AD), businesspeople in the Middle East engaged in financial transactions. At this time though, these transactions used the same financial principles as the Europeans. Early History of Islamic Banking Since the Arabs of the Ottoman Empire traded extensively with people in Spain, they also developed certain no-interest financial systems that worked on a profit and loss sharing method. These systems, in turn, financed trade and other business affairs. When the Middle Eastern and Asia began to be more important trading partners for various European companies, the Europeans opened banks in these countries – with many of these banks based on the interest-bearing financial system. As the trading relationship with the Europeans continued to play an important role, these types of financial institutions began to be more prominent outside of Europe. However, even when local trading business owners used these commercial banks, they often only transferred money between accounts. Both borrowing and depositing money was limited as the local population wanted to refrain from partaking in interest-bearing transactions. Further, certain co-operative institutions based on the original profit and loss sharing model still existed, but only in certain locations. As economic demands increased, avoiding banks was not an option...
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...Spilling every lie you've spilled before, still I'm not forgiving you. What's happened between us? What can I give to save us? Being righteous isn't quite enough! What's happened between us? What can I give to save me? ~A Single Moment Of Sincerity Album: Stand Up And Scream Asking Alexandria, a band that started in Dubai actually by lead guitarist Ben Bruce and his friends. They weren’t called Asking Alexandria at first, but they later changed their name to AA and then disbanded. Ben moved back to the U.K and was looking for bandmates where he saw Danny Worsnop’s cover of a song from the band Alesana. Ben contacted Danny and they started the band Asking Alexandria. They recruited other members such as Cameron Liddell (guitarist) and James Cassells (drummer) and finally Sam Bettley (bassist). The gang flew out to the U.S and started looking for a studio and record label – which they found shortly after their arrival. They recorded their first album Stand Up And Scream with producer Joey Sturgis and under the record label Sumerian Records. (Grand record label if I might add) Their debut album was released Sep. 15th 2009. They started touring and endured in countless interviews. *Interview time children* Interviewer: So guys, can I have you personally introduce yourself and your role in the band? Danny: Hi I’m Danny and I play the voice thing. Ben: I’m Ben and I play guitar and sometimes backing vocals. James: Hi I’m James and I play the drooms. (Drums) Cam: I’m Cam and...
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...Perspective Ibrahim El-Husseini Jake Leslie Melville Sean Wheeler Satyajeet Thakur Anchoring Success Effective Management of Energy Companies’ Shipping Interests Contact Information Beirut Georges Chehade Partner +961-1-985-655 georges.chehade@booz.com Ibrahim El-Husseini Partner +961-1-985-655 ibrahim.elhusseini@booz.com Fadi Majdalani Partner +961-1-985-655 fadi.majdalani@booz.com Dallas Andrew Clyde Partner +1-214-746-6566 andrew.clyde@booz.com Dubai Dr. Ulrich Kögler Partner +971-4-390-0260 ulrich.koegler@booz.com Eric Dahl Senior Executive Advisor +971-4-390-0260 eric.dahl@booz.com Sean Wheeler Principal +971-4-390-0260 sean.wheeler@booz.com Satyajeet Thakur Senior Associate +971-4-390-0260 satyajeet.thakur@booz.com Kuala Lumpur Edward Clayton Principal +603-2095-2088 edward.clayton@booz.com London Viren Doshi Senior Partner +44-20-7393-3572 viren.doshi@booz.com Jake Leslie Melville Partner +44-20-7393-3425 jake.melville@booz.com São Paulo Arthur Ramos Partner +55-11-5501-6229 arthur.ramos@booz.com Vivek Joshi, Kenneth Kanara, Tamer Obied, Sophie Outram, Anil Pandey, Abdul Rahman Saleh, and Sonal Singh also contributed to this Perspective. Booz & Company EXECUTIVE SUMMARY For decades, major energy companies have been at the forefront of the global shipping of hydrocarbons. Producers have played an instrumental role in the development of all aspects of the business, including the design of the ships and the establishment of standards that ensure high-quality...
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...were experiencing a very large measles outbreak, with over 30,000 suspected cases being reported in the Asian nation. The U.S. experienced 23 measles outbreaks in 2014, including one large outbreak of 383 cases, occurring primarily among unvaccinated Amish communities in Ohio. Many of the cases in the U.S. in 2014 were associated with cases brought in from the Philippines (Manual for the Surveillance of,” 2014). Details of International Outbreak Forty-nine percent of the cases in the U.S. in 2014 were associated with cases brought in from the Philippines. Of the 288 cases, 280 were associated with importations from at least 18 different countries. The source for 8 of the cases could not be identified. 1 case from each country of Pakistan, Dubai/Germany/England, France, Netherlands, Republic of Georgia, Brazil, Chile, Canada, Indonesia, Thailand/South Korea, Micronesia, Saipan, Singapore, South East Asia and Vietnam were imported. Other importations involved 2 cases from China, 6 cases from India and 22 from...
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...504, Andhra Pradesh, India or email: info@icmrindia.org www.icmrindia.org BSTR/294 MTV Networks: The Arabian Challenge “[…] MTV has a penchant for airing controversial material and making a mockery of convention. And of course, it’s an American brand… The challenge, therefore, is transforming a notoriously risqué channel into a Middle Eastern-friendly platform for music and creativity without stripping MTV of its edge. It isn’t without some irony that a channel known for angering religious, political, and conservative communities is operating in and catering to a region renowned for reacting (and sometimes overreacting) negatively to controversial content.”1 - Dana El Baltaji, Special Projects Manager, Trends magazine in Dubai, in 2008. “In many ways (MTV Arabia) is the epitome of our localization strategy. It’s a different audience (in the Middle East) but this is what we do -- we reflect culture and we respect culture. The programming mix on this one is going to be a little more local than normal.”2 -William H. Roedy, Vice Chairman for MTV Networks and President MTVI Network International, in 2007. A LITMUS TEST FOR MTV‟S LOCALIZATION STRATEGY MTV Networks (MTVN) launched MTV Arabia on November 17, 2007, in partnership with Arabian Television Network3 (ATN)...
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...Hills, Hyderabad 500 082, India or email info@icmrindia.org. www.icmrindia.org BSTR/294 MTV Networks: The Arabian Challenge “[…] MTV has a penchant for airing controversial material and making a mockery of convention. And of course, it’s an American brand… The challenge, therefore, is transforming a notoriously risqué channel into a Middle Eastern-friendly platform for music and creativity without stripping MTV of its edge. It isn’t without some irony that a channel known for angering religious, political, and conservative communities is operating in and catering to a region renowned for reacting (and sometimes overreacting) negatively to controversial content.”1 - Dana El Baltaji, Special Projects Manager, Trends magazine in Dubai, in 2008. “In many ways (MTV Arabia) is the epitome of our localization strategy. It’s a different audience (in the Middle East) but this is what we do -- we reflect culture and we respect culture. The programming mix on this one is going to be a little more local than normal.”2 -William H. Roedy, Vice Chairman for MTV Networks and President MTVI Network International, in 2007. A LITMUS TEST FOR MTV‟S LOCALIZATION STRATEGY MTV Networks (MTVN) launched MTV Arabia (Refer to Exhibit I for MTV Arabia Logo) on November 17, 2007, in...
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...head: SUCCESSFUL LEADERSHIP Successful Leadership: The Aspiration to Inspire Others Heather Shaw Liberty University Abstract This paper addresses many of the behaviors needed to lead others effectively. Leadership is not achieved through an appointed position, but rather, through character traits that inspire others to follow. The variations of leadership power and styles identify key leadership qualities. The fundamental traits of transformational and servant leadership, focus on the empowerment of others. Ethical integrity is the foundation of leadership character, a critical factor of successful leadership abilities. Successful Leadership: The Aspiration to Inspire Others Purpose of Leadership Often, a common misconception made between leaders and managers. There is a significant difference distinguishing management and leadership. Any person has the ability to manage; however, it takes the very nature and character of an individual to lead others. Kirsten Graham published an article Leading with a Purpose: A Case for Soul Leadership in Development and Learning in Organizations, examining the very principles of leadership (2011). Graham (2011) emphasizes a crucial element of leadership stating that leadership is not acquired through processes and abilities, “but the expression of their true nature”. Leaders have a vision to explore opportunities, empowering others to follow in the same passion for success. The role of leadership is crucial to empower...
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...THE GLOBAL DERIVATIVES MAGAZINE ROUNDTABLE Malaysia derivatives Global access through a global partner Held on September 18, 2012 in Singapore In association with 2 OCTOBER/NOVEMBER 2012 THE FOW ASIA ROUNDTABLES: BURSA MALAYSIA DERIVATIVES Sponsored by: VIP invite Date: 18 September an Bursa Malaysia Derivatives: Derivatives ccess through a Global Partner targets international growth Location: Marina Mandarin, Singapore Time: 14:45 (15:00 start) the West falter, investors are increasingly looking overseas for s mostAs established markets in The panellists will be: exciting growth markets Bursa Malaysia Derivatives (BMD) Chong Kim Seng, growth Malaysia Derivatives trading opportunities. After a decade of CEO, Bursa and a landmark deal with the CME Group and 2011 following a deal with Goh Ching Yin, targeting Devt, Securities Commission e exchange to Globex traders. in 2009, Bursa Malaysia Derivatives is ED Strategy &diversification and increasing its growing Shamsuddin bin Mohd Mahayidin, Director Foreign international participation. At the Asia Roundtables, Negara onofSeptember 18, William Mitting held Malaysia Exchange Administration Department, Bank its markets to foreign investors and ith new contract launches, more leading market participants in the Malaysian market to discuss the met with a group of Natarajan Narayanasamy, Executive Director, present themselves for international LT International Futures (M) Sdn Bhd Azila Abdul Aziz,...
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...physically received from a flight Consignment where consignee or agent has been informed Consignment where arrival documentation has been delivered Consignment delivered to consignee or agent File Transfer Protocol Electronic Data Interchange 2 Getting started What is e-freight? e-freight is an economical process that simplifies the business, by eliminating paper printing, handling and processing costs. e-freight reduces time by decreasing the waiting time to process freight, increasing visibility and providing EDI messaging to provide quality information exchange from the source from the outset of a shipment life cycle. e-freight aims to reduce the carbon footprint and contribute to environment conservation. Contrary to common misconceptions, e-freight is not expensive to implement. e-freight is a mechanism to collectively remove paper from the supply chain at no or minimal cost. What are the benefits? • Reduction of paper usage; no air waybill and copies...
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