Dubai Chambers Hosts Forum To Promote Business Excellence And Best Practices In Dubai

Dubai Chambers recently hosted the 'Share Best Practices Forum' to motivate companies in Dubai towards business excellence. The event offered insights into advanced strategies and allowed participants to exchange ideas and learn from companies awarded the Mohammed Bin Rashid Al Maktoum Business Award. Over 100 participants from various industries attended, gaining valuable knowledge on digital transformation, sustainability, international market expansion, and family business strategies.

The forum featured a keynote speech by an international expert who discussed key trends and innovations in business excellence. Speakers shared their thoughts on global best practices, providing a platform for learning and inspiration. An interactive session highlighted successful business models developed by award-winning companies, showcasing their achievements in institutional excellence across four categories.

The Mohammed Bin Rashid Al Maktoum Business Award honours outstanding companies in four main categories aligned with Dubai Chambers' strategic goals. Winners are recognised for their dedication to promoting excellence within the business community, enhancing strategies, operations, and performance outcomes. This award was established in 2005 under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum.

The award acknowledges organisations contributing to sustainable economic development in Dubai. In 2023, it underwent restructuring to align with Dubai's vision and the Dubai Economic Agenda (D33). It now invites participation from all local businesses in Dubai and international firms with regional headquarters in the emirate across all sectors.

Dubai Chambers has adopted a framework for business excellence to encourage continuous improvement among companies throughout the evaluation process. This new model is based on extensive research and reflects the latest methodologies. It focuses on tangible measures of success such as leadership, strategy, workforce management, ESG (environmental, social and governance), digital transformation, and financial performance.

The forum also included an interactive session where companies that received the Mohammed Bin Rashid Al Maktoum Business Award shared their best practices. These sessions showcased how these companies achieved institutional excellence within the award’s categories.

This initiative by Dubai Chambers aims to inspire businesses to strive for excellence by adopting advanced strategies and learning from successful models. The forum provided a unique opportunity for participants to gain insights into essential areas of business excellence.

With inputs from WAM