(MENAFN - Khaleej Times) The UAE's economic diversification, industrialisation and the promotion of entrepreneurship will continue to be government focus throughout 2013, according to Eng Mohammed Ahmed bin Abdul Aziz Al Shehhi, Undersecretary, UAE Ministry of Economy.
Speaking at the opening of the International Conference for the launch of the 7th cycle of the Mohammed bin Rashid Al Maktoum Business Award 2013 in Dubai, Al Shehhi further stressed that excellence was at the heart of the UAE's economic strategy and it is the main reason for the country's swift rebound.
"For us, leadership, strategic planning, workforce and customer focus constitute the concept of business excellence. Similarly, the UAE's sharp policies, diversification and openness to business helped it prosper in the wake of opportunities arising out of the global financial crisis, the undersecretary said.
Hamad Buamim, director general, Dubai Chamber, informed that the Mohammed bin Rashid Al Maktoum Business Award has incorporated the concept of continuous improvements for organisational transformation within its core and will encourage more businesses from different economic sectors.
He added that the award has helped countless businesses become more effective, more productive and more profitable organisations thus helping enhance quality, accountability, and sustainability across Dubai's private sector by setting a standard and rewarding high achieving businesses.
Buamim accredited the success of the award to its global partners in the US and Singapore, stating that though the Chamber is in the process of developing and enhancing the award today, it has ensured that the award is based on latest and best global models.
The conference had presentations on Managing Economic Transformation: The Role of Asian Productivity Organisation in the Global Market; Managing Excellence Through Leadership: Managing the Discipline of Transformation; Managing Excellence through Corporate Governance: The Role of Corporate Governance in Managing Transformation and Value Creation.
It also discussed Managing Excellence in the Workplace: Managing Transformation of Business Models in the Workplace; Managing Excellence Through Transformation Strategies: Executing Sustainable Business Strategies; and Ongoing Transformation in the Global Market: The Discipline of Transformation in Excellence " the way to beat recession and sustain growth.