What Do We Need To Become a More Innovative and Competitive Economy

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While writing this article local newspapers across the country have been reporting that the UAE has been rated number one globally in 50 indices covering vital community and service sectors, this is according to the Global Competitiveness Index for the year 2017 – 2018.

The country has recently been achieving top rankings in the Arab World in areas such as Ease of Doing Business, Competitiveness, Human Development and Innovation. However, the UAE has made it clear that it has its sights at not only competing regionally but globally across various areas, and especially in the space of Innovation.

But let’s pause and think about this for a minute: “How can we expect to embrace Innovation and aim to compete globally in this space if we are too afraid to step out of our comfort zones, and we fear the unfamiliar. Innovation requires us to enable Creative, Courageous Character of Leadership.”. These were part of my views during a panel discussion in front of a group of local university students and graduates on the topic of predicting how the future would look like in the next 50-100 yrs during the National Science & Innovation Festival in Dubai.

I explained to the audience what I believed is the caliber of talent and business leaders let alone our country, but the world needs today. I had written about this back in 2011 in an article titled ‘Vitamin C for Today’s Leaders’ where I reflected on the lessons of the 2009 global downturn and the failings of some of corporate leaders who were at the helm of their organisations. In the article I prescribed that what desperately need talent that has or can deal with the 5 Cs (Hence the title Vitamin C, cheeky right?). These are:
-Talent is not afraid to step out of their COMFORT zone
-Talent that displays COURAGEOUS leadership
-Talent that is CREATIVE
-Talent that displays CHARACTER of leadership
-Talent that is CONSISTENT in its habits, practices and messaging

I found that these are the skills we need to nurture in our talent so that we enable them to be able to deal with the complex challenges the world is confronted with today, and lead the economy to become more sustainable, competitive and innovative.

Author: Talib Hashim

Abdulmuttalib Al Hashimi (Talib) was born in 1977. He grew up in a sleepy town called Rashidiya, a far cry from the lights and bustle of Dubai. Talib began his career taking on a number of odd jobs (Yes, the legend of the one month stint he landed as a Magician/Promoter in the summer of '96 during the Dubai Shopping Festival is true). His first taste of the corporate world came with the large international bank HSBC, where he started in a small role as a 'Recovery and Debt Collector'. Fortunately, he moved up quickly during his tenure in the bank and was eventually recruited to be part of an elite team of Traders in the banks Global Market department. Inspite of the "Wall Street" like glitz and glamour that came with his role; Talib decided to submit his resignation in the summer of 2006 and say 'Adios' to his cubicle, a regular income -a well paying one too-, his SUV and the life of employment. Together with a young Emirati lady, he established Next Level Management Consultancy, a recruitment firm with specialisation in the niche market of 'Emiratisation' (Employing and developing UAE citizens). He is always proud of the fact that he has helped numerous Emiratis find employment. And he would like to think that he contributed -even if a little bit- to helping them lead happier and more fulfilling lives. Talib holds a Masters Degree in Strategic Project Management. He is an expert in Emiratisation and GCC national employment issues and initiatives. He is also a regular speaker on the topics of employment, development of people, Emirati entrepreneurship and also cultural challenges in the workplace. He also gives a series of motivational speeches titled "10 lessons I learned in 2009". Talib is an expert in multi-cultural issues that influence the Arab workplace and helps companies bridge the gap between their expatriate and local staff. He is often accused by some to be an idealist and a dreamer, however, Talib works tirelessly to become an agent of positive change in society (and ofcourse achieve amazing success as an Entrepreneur in the process). Talib believes that all Arab youth deserve the opportunity and the right to pursue their dreams and aspirations regardless of their race, caste, colour, status and family name in society; and hence he is a strong advocate of national and Arab youth empowerment. He has a passion for travelling and backpacking. He enjoys reading books on history, autobiographies and self improvement. He is currently trying to improve his sketching skills.

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