...Department of Economic Development Challenges The Department of Economic Development in Dubai organizes, regulates, and boost trade within the industry of Dubai, UAE. This Department registers business and gives licenses and commercial protection (“Dubai business”, 2012). Due to such a significant Department and the role it plays within the city of Dubai, it faces some challenges. A survey was completed based on prospects for the year 2012, and according to that survey, the Department of Economic Development faced some challenges throughout the year (Sambige, 2012). The Business Confidence Index that was under the Department of Economic Development was not as successful as it was in its previous years. The reason for this fallout was due to the summer holidays and the time of Ramadan during the past summer (Sambige, 2012). The Dubai faces the challenge, of trying to increase productivity as a result of the scarcity of capital as well as the increased cost, given the global environment (Rowe, 2012). The economic crisis that hit Dubai, deeply affected the DED. The construction and the real estate sectors in the city minimized vastly by 14.7% and 2.6% in 2010, compared to 19.5% and 19.8% in 2009 (Rowe, 2012). Another challenge that the DED is facing this year is the economic slowdown that is occurring in other countries such as Europe, China, India, as well as other GCC countries. There have been issues such as economic crisis in other parts of the world as well as the rise...
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...The Impact of the Global Economic Crisis on the Arab World The Arab countries had experienced rapid changes in their economic fortunes in the year 2008. During the first half of 2008, oil, natural gas, and other commodity prices continued to rise rapidly, leading to huge gains. At the same time, they had to cope with rapidly rising food and raw material prices that threatened their economies and social stability. By July, the effects of the financial crisis and expectations of much lower global growth caused a collapse in oil prices. As a result, Arab oil exporters experienced a fall in hydrocarbon receipts, deterioration in their terms of trade, and declining surpluses on their balance of payments. Between July and December, the Organization of the Petroleum Exporting Countries (OPEC) basket price of oil fell by 70 percent from a peak of just over $130 per barrel to under $40 per barrel. In September 2008, with the collapse of Lehman Brothers and the turmoil on Wall Street, stock markets all over the world fell, including those in the Middle East. Arab banks were not overly exposed to the U.S. mortgage or derivatives markets, but sovereign wealth funds and other holders of equities suffered large losses. The stock markets in the region suffered along with others around the world. In the twelve-month period ending in February 2009, the Saudi stock market fell by 49 percent, Dubai's by 72 percent, and Egypt's by 61 percent. These losses have reduced consumption and discouraged...
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...Planning and this was chosen as we felt like it would be easier for the company to allot resources in a better way. The company is relatively small with a workforce of 27 people. The customer base is large and our project was to help Resources generate efficient and quality work with the right amount of people sent out to each site. We suggested how an ERP system could save a lot of time, reduce operational cost & increase profitability. Resources has a large customer base which includes companies like ABB, Arabtec, JLT, Al Futtaim, Mediclinics (14 hospitals), GEMS Group (43 schools), Etihad Catering, Emrill, Al Naboodah, American Embassy, Ireland Embassy, Deyaar, Dubai Mens College, Dubai Real Estate Centre, First Gulf Bank, Kanoo Group, Proclad. We worked on some marketing techniques and suggested few prospects they could look into since they do not use any kind of advertising or promotional techniques. They have been getting their clients through word of mouth and we see a greater chance of growth if they indulge in more advertising. This project includes the suggestions we gave them to improve on all aspects. We introduced them to an ERP system called as Epicor (SaaS) Solutions. We made sure they were informed about the changes it could bring in the company avoiding a lot of paperwork they currently have. The benefits, the reasons as to why they need one were explained in detail and the project was mainly done because we found them having a little difficulty in this...
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...The Personal Selling Process: The Personal Selling Process: 1) Prospecting: (Identifying Potential Customers) This can be done Mainly by Preparing List of: a) Current Customers, b) References, they might offer, c) Yellow Pages, d) Traders’ List, e) Club Members List, f) Traders’ Directory, g) Received Phone Callers, h) Family Friends, i) Social Media Circle, etc; 2) Qualifying: (Short Listing Prospective Customers) This should be based on whether they have the: a) Willingness: Identify, if the Prospect had a Problem with your Competitor Product, b) Purchasing Power: Obtain Credit rating, & find some More Business-Details, c) Authority to Buy: Find out, who is the influencer in the Company, Decision Maker & the Authority to Buy. 3) Pre- Approach: Find out all you can, about the Company & the Purchases, including : a) the Products Purchased in the past, b) Response, c) Liking & Disliking, d) interests of The Persons to be Contacted, etc; 4) The Approach: Now Prepare your Presentation by Selling Features Vs Benefits & also keep in mind the A.I.D.A - Techniques. A= Attract Attention, I = Create Interest & Maintain it, D = Arouse Desire & Offer to Fulfil it, A = Make the Customer to take ACTION ! & CLOSE the Sales.(The Most important Step!) 5) Follow-up: This is another Most important...
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...Contents 1. Introduction 2 Company: IBM 2 Country: Dubai 3 2. IBM's objective 3 3. IBM Business Environment 4 Political: 4 Economic: 5 Social: 7 Technology: 8 4. Cultural factors and company strategy 10 Importance and information as part of IBM's marketing strategy: 11 The global environment with IBM's market planning: 13 5. Conclusion 13 6. References 14 1. Introduction Company: IBM IBM is a global leader in services of Technology Company which is active in 180 countries. IBM began his career in the early 20th century, the name Computing Tabulating-Recording Company. Now, IBM is providing services to the aerospace, defense, automotive, banking, construction, electronics, retail and telecommunications. IBM's contribution to the development of computer technology is higher than other companies. This report clearly describes changes in five IBM Business Environment. This report briefly reviews the various steps that led to changes in the world. These include the environment in earlier versions of IBM, which partly explains IBM, the type of activities, products and policies. Second, changes in the business environment for micro and macro environment, the effect of environmental factors. Third resolution SWOT analysis mortar disputes and analysis of five forces model Porter, contributing to the achievement of the company and, finally, a detailed analysis of economic developments and the recommendations, some better suggestions to help...
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...cyclical fiscal policy without threatening the financial position. In comparison it can be noted that UAE spends around 7 percent of its GDP on the public. Duet upward trend in the gas and oil prices in between 2003-2005, government revenue surpassed expenditure. This shows how vulnerable UAE is towards gas prices. This table shows the annual percentage growth of both the countries. As explained before, due to heavy investments in the public sector UK had large amounts of expenditures up until 2008. In comparison however around 2007-2009 when the whole world was going the global financial meltdown, the UAE government intervened by adopting aggressive expansionary and monetary policies in order to cushion the adverse effects. The Dubai Mall and Dubai Metro also started functioning around that time as well. Thus the 2009 expenditures rose to 23% compared to 21% in 2008. And immediately the following years showed low expenditures as the government took deliberate measures to cut down expenditures and increase...
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...A SMALL AND MEDIUM ENTERPRISES DEVELOPMENT PERSPECTIVE OF THE HOSPITALITY INDUSTRY IN DUBAI The material in this publication is copyrighted. Copying and/or transmitting portions or all of this work without permission may be violation of applicable law. Dubai SME encourages the dissemination of its work and will grant permission to reproduce portions of the work promptly. All queries should be addressed to Dubai SME at essam.disi@sme.ae (P.O. Box 66166, Tel:+971 4361 3000, www.sme.ae ) The information contained herein in the Report is confidential and part of the “Industry Cluster Studies” being done by Dun & Bradstreet for Dubai SME. No part of this document may be reproduced, copied, distributed or made available in any form whatsoever to any person without express prior written permission of Dun & Bradstreet (“D&B”). Industry Cluster Studies: Hospitality Industry ‘Culinary Entrepreneurship’ --- the report highlights potential opportunity for culinary experts as well as Food & Beverage entrepreneurs to set-up innovative concepts (comprising food, environment & service) and brands that can be globalised / internationalized. Dubai is known for its hospitality industry upscale properties as tourism destinations and myriad cuisines prepared by renowned chefs from across the world. The cosmopolitan nature of the city is shaped by a large number of franchised brands. Although hotel properties include established local brands (like Jumeirah Group), the F&B service scenario...
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...Boreproduced, poste ELL Mohamm of just a few dhe Singapore ofict. And it’s allSheikh Mohapy little coas.a He is the foased airline sman-made iopment, andeikh Mohamy for millionsve hotel, andes. While huned and somed, infrastructuduce economo balance his of UAE and pment 2006, Sheikhtoum, becam gion, it is properegion will abbrethis case. The wThe feminine equequivalent is “bin_______________ Nohria, Umaimah Md sources. HBS casata, or illustrationsHarvard College. Toston, MA 02163, oed, or transmitted, w med an decades, [Dubaf the Middle Eal the vision of oammed bin Rstal village inounder, part-serving over aislands, andlogistics. Dmmed pursues of annual tod the largestndreds of thoe local Emiraure was weakmic, social, anrole as a busi d Dubai Mohammede the Emir (ru r to refer to royeviate the title toword “Sheikh”...
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...Alternative Investment Instruments Fin 460, Section - 2 Karishma Rahman - 1330090 Rumman Rahman - 1320142 A.S.M Asadul Haque - 1231001 Abdullah Al Masud - 1210380 Imtiaz Ahmed - 1220812 2015 Table of Contents Introduction 1 Identification of Alternative Instruments 2 Art 2 History 2 Characteristics and details 3 Prospects in Bangladesh 5 Gold 6 History 6 Characteristics and details 7 Prospect in Bangladesh 9 Real Estate 10 History 10 Characteristics and details 11 Prospects in Bangladesh 13 Private Equity 14 History 15 Characteristics and details 15 Prospects in Bangladesh 17 Venture Capital 18 History 19 Characteristics and details 19 Prospects in Bangladesh 21 Conclusion 22 References 23 Introduction As volatile as the stock market can be, many investors have been looking into safer ways to invest their money. So, “alternative investments” have become increasingly popular. An alternative investment is any investment other than the three traditional asset classes: stocks, bonds and cash. These alternatives don’t take the place of those more traditional assets. Investors shouldn’t sell their stocks, cash out their savings accounts and put all their money in these less traditional options. Most financial experts agree that alternative investments are best when used to diversify financial portfolios. In other words, instead of putting all of the money in stocks put some in stocks, some in bonds and...
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...Organizational Structure and Roles | “All the world's a stage And all the men and women are merely players They have their exits and their entrances And one man in his time plays many parts” – by William Shakespeare | | | | | 06-May-12 | Contents Title 3 Executive Summary 3 Introduction 3 Roles 3 Attitudes and relationship of Attitudes with Roles 3 Organizational Structures 3 Organizational Structures Effect on Roles and Attitudes 3 Mechanistic Structure 3 Organic Structure 3 Moderate Mechanistic and Organic Structure 3 Phases of innovation, Mechanic versus Organics 3 Case study, Sunshine Real Estate 3 Sunshine Real Estate organizational design 3 Sunshine Real Estate organizational culture 3 Implications of Sunshine Real Estate’s three structural properties on employee role perception and attitudes 3 Work Specialization 3 Centralization 3 Formalization 3 Conclusion 3 References 3 APPENDIX 3 A: Organizational Structure Elements and Types of Structures 3 B:Elements Associated with Roles and Attitudes 3 C: Survey Analysis 3 Title The project attempts to explore the relationship between organizational structure, roles and attitudes under distinct corporate structural conditions. Executive Summary Organizational design in a sense is similar to the structure of bones in human body. It is a skeleton or framework upon which organizations are built and maintained. Organizations in creating organizational designs...
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...CURRICULUM VITAE MARICEL “AISHA” MADRID FUENTES *: Tower 7, TECOM, Dubai, U.A.E. (: +971567339461/+971555059867 :: madridmaricel@ymail.com /madridmaricel1983@gmail.com CAREER GOAL: My career objectives can be summaries as follows: to obtain a challenging management, administrative, or technical position as deemed suitable to my skills, experience, and backgrounds, to help a successful organization or company expand further and to help myself grow further professionally, technically, and financially, to become an effective team player in a progressive organization or company. I am a highly trained, multi-‐cultured, widely-‐traveled, hard working, confident, mature, self-‐motivated, responsible, reliable, skilled individual with practical engineering skills, management experience, and consulting methods gained through many years of practical work experience in English, Engineering, Business, and Project Management ...
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...reached even to the remote corners of the country. This is one of the main reasons of India's growth process. AXIS BANK: Axis Bank is the third largest private sector bank in India. It offers the entire spectrum of financial services to customer segments covering Large and Mid-Corporates, Agriculture, Retail Businesses, Commercial banking services which includes merchant banking, direct finance infrastructure finance, venture capital fund, advisory, trusteeship, forex, treasury and other related financial services. As on 31-Mar-2012 the Group has 1787 domestic branches (including extension counters, 10,363 automated teller machines (ATMs), the Bank also has 7 overseas branches / offices in Singapore, Hong Kong, Shanghai, Colombo, Dubai, DIFC - Dubai and Abu Dhabi . Axis Bank was the first of the new private banks to have begun operations in 1994, after the Government of India allowed new private banks to be established. The Bank was promoted jointly by the Administrator of the specified undertaking of the Unit Trust of India (UTI - I), Life Insurance Corporation of India (LIC) and General Insurance Corporation of India (GIC) and other four PSU insurance companies, i.e. National Insurance Company Ltd., The New India Assurance Company Ltd., The Oriental Insurance Company Ltd. and United India Insurance Company Ltd. Axis Bank Ltd. has...
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...P age |1 Summer Internship Project “Scope of investment in Real Estate in India & Real State investment: A case study of Jaipur region” Submitted in partial fulfillment of PGDM program 2011-13 Submitted by: Harshit Jain 19/093 Corporate Mentor Mr Shantanu Mehra ( Channel Retail Sales Head) Faculty Mentor Mrs. Monica Arora (Assistant Professor) Apeejay School of Management New Delhi July 2012 SIP Project Report BY: Harshit Jain(harshitjain.asm@gmail.com) | 1 P age |2 CERTIFICATE This is to certify that the project work done on” Scope of investment in Real Estate in India & Real State investment: A case study of Jaipur region ” Submitted to Apeejay School of Management, Dwarka by Harshit Jain in partial fulfillment of the requirement for the award of PG Diploma in Business Management, is a bonafide work carried out by him/her under my supervision and guidance. This work has not been submitted anywhere else for any other degree/diploma. The original work was carried out during 14th may 2012 to 5th june 2012 in Customer First Concepts , Pvt. Ltd.( Currently working as a Marketing division of various townships in Jaipur region ). Date: Seal/Stamp of the Organization Name of the faculty Mentor SIP Project Report BY: Harshit Jain(harshitjain.asm@gmail.com) | 2 P age |3 Acknowledgements This summer internship project would not have been possible without the support of many people . I wish to express my sincere gratitude to my Faculty Mentor...
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...Factors Influencing the Job Satisfaction of Expatriates in Dubai SUBMITTED BY: - AABHAS RASTOGI (11 DCP 053) - ABHAY GAHLOT (11 DCP 054) - ABHISHEK GUPTA (11 DCP 055) - ADESHWAR RAJA (11 DCP 056) - ADITI ANIL KUMAR SANGANERIA (11 DCP 057) - AKSHAY PRASAD (11 DCP 058) - AKANKSHA GUPTA (11 DCP 059) ABSTRACT This paper aims at revealing the various factors influencing the job satisfaction of employees in the Middle East especially in Dubai. After identifying the various factors, the most important factors are ranked according to the importance as felt by the respondents. The study assumes significance as Dubai has been the economic and is growing to become the financial capital of the world. This paper applies the Factor Analysis technique on a sample of 75 respondents from different companies across varied industries from Dubai. The result shows 11 attributes being condensed to 4 comprehensive factors. The results show that people with different demography such as age and gender have different priorities on the factors and assign different weight ages to them. Results of this research present benchmarks that should be kept in mind by the employers in Dubai to ensure that job satisfaction is on the rise and the attrition rate is on the fall. Research limitations/Implications: Future studies could elaborate more on the demographic factors of the employees such as the Monthly Income, Nationality, Family background and many more...
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...Consultants Group is a diversified group that works with the best in the industry to transform strategy into reality. We offer our clients high impact advisory services throughout the business life cycle from ideation & inception to growth, maturity and transition. We make change happen. The group consists of two companies Merryland Real Estate and Consultants Pvt. Ltd. and Merryland Solicitors and Legal Consultants Pvt. Ltd. which cover the following service lines: 1. Energy Advisory Services 2. Real Estate Advisory Services 3. Business and Financial Advisory Services 4. Corporate Secretarial Services 5. Legal Advisory Services Headquartered in Jaipur, Rajasthan (India), we also have representative offices in Bahrain, Dubai, Delhi and Mumbai. Our founders are all senior professionals having advanced degree in law, electrical engineering, computer science, management, finance and political science. Our consultants and affiliates include retired senior government officers and bureaucrats, seasoned finance professionals, lawyers of High Court and Supreme Court and experienced industry leaders. Delivering Service Excellence Merryland Real Estate and Consultants Pvt. Ltd. and Merryland Solicitors and Legal Consultants Pvt. Ltd. F-68, Vinay Path, Kantichandra Road, Banipark, Jaipur, Rajasthan, India, Pin – 302016 Tel: +91 141-2201515, 141-4019333 Fax : + 91 141-419333 www.merrylandconsultants.com Experts at work for you EN E R G Y AD VIS O RY GIVE POWER TO YOUR BUSINESS...
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