Lessons from Dubai on how businesses can achieve large-scale rapid growth.
It's almost impossible not to be aware of Dubai today. Over just three generations and mostly within the past half century this tiny emirate has raised its profile globally through a range of bold developments and clever ideas such as its free zones for business that have made it a regional centre for many firms, its annual air show and, most recently, its development as a tourist centre that is home to some of the most stunning hotels in the world.
Dubai owes its success to a number of things, including:
- Leadership that is visionary, inspirational and embraces risks
- Leadership that is demanding but supportive, that builds confidence
- Leanness of organizational structure and bureaucracy, which helps to speed things up
- Openness to outside influence and competition, and to the views of all stakeholders
- Openness of communication channels and access to decision-makers
- A business culture founded on trust
- These are all things that any organisation can benefit from
