86 pc of UAE firms want growth strategies
Dubai, March 19, 2011
Eighty-six per cent of leading businesses in the UAE opted for methodologies that would help them tide tough times more strategically to achieve higher revenue returns in the medium to long term, said a report.
Fifty-two per cent of respondents who preferred the adoption of the Balanced Scorecard (BSC) methodology were also of the opinion that companies should adopt more flexible, execution oriented strategies to management.
The survey was conducted with 250 business leaders who run medium to large organisations in the UAE covering a wide array of business verticals.
The survey reflects the outlook of businesses in the UAE, said Dr Robert Kaplan, management guru and professor at Harvard Business School.
“In today's hyper-competitive global landscape, it is not only about product and service innovation, but, also about management innovation, where human assets and internal management structures serve to further nurture business growth,” Dr Kaplan said.
“Implementing the Kaplan-Norton strategy execution system, using strategy maps and Balanced Scorecards, enables organizations to make tough but correct decisions in periods of high volatility, economic slowdowns, and uncertainty,” he added.
Dr Kaplan is set to discuss his BSC management methodology with senior level private and public sector CEOs and leaders in Dubai between March 26 and 31 at the Hyatt Regency Hotel.
The interactive sessions will cover live risk assessment meetings, a ‘Let's Talk Strategy’ discussion and award winning regional public and private sector case studies, a statement said. – TradeArabia News Service