Instead of fighting the 'command and control' approach in the region, managers need to be realistic and work to make their companies the best they can be. Ali Haider / EPA
Instead of fighting the 'command and control' approach in the region, managers need to be realistic and work to make their companies the best they can be. Ali Haider / EPA

Finding our future leaders



What differentiates the best leaders in the Middle East?
At the Dubai Knowledge Village recently, a panel discussed ways of building on research conducted by the Hay Group. It was said that 100 million new jobs are needed in the region by 2020. This means the region will need 20 million new managers and leaders.
Where will they come from?
Organisations need to make leadership creation a board-level priority. Because of the rapid growth of the job market, leadership promotion will happen at an accelerated pace compared with the past 50 years.
The need for 20 million future leaders is complicated by the under-representation of nationals in the private sector.
Not only is it common sense for the management ranks of any business in the GCC to be made up of nationals, it is also economically wise and a path to a more sustainable local business model.
But the predominant style of leadership in this region is what is known as "command and control", according to research by the Hay Group.
And this style is often labelled as coercive, where leaders seek little input from employees directly under them and tend to give a lot of corrective feedback.
While many experts argue that this style needs to change, we also need to be realistic about the style of business conducted here.
A full 90 per cent of the companies here are family businesses, and many employees in the workforce are comfortable with the clarity and strength that comes from an autocratic leadership style in a hierarchical environment.
Instead of fighting this approach, leaders need to be realistic and work to make it the best it can be.
During the panel discussion in Dubai, someone asked whether companies here should import foreign leadership models.
While some strength and rigour comes from foreign leadership models, there is also significant danger, as they are typically designed for global multinational companies that are publicly traded and at a different stage of development.
As companies here grow or shrink and enter different stages of development, the kind of leadership that is required to run them should also change.
Take a look back at General Electric, which had huge success from its leadership when Jack Welch ran the company.
When the business environment in which the company was operating changed, the top brass modified their leadership approach to remain relevant.
But besides changing with the times, how relevant are Mr Welch's particular leadership approaches in this region?
Put another way: what is similar about Ohio, which is a state in the middle of America, and Dubai? Virtually nothing.
Yet, across this region, we continually rely on leadership theories that originated from more than 50 years ago through the Ohio State Leadership Studies.
These studies attempted to identify the behaviours of good leadership. However, they were conducted just after the Second World War, in a cultural environment less diverse than the UAE and in an age when the American workforce was saturated with former members of the military.
Clearly, that's a very different environment from what exists in the GCC today.
Tommy Weir is an authority on fast-growth and emerging-market leadership, and is author of The CEO Shift and the managing director of the Emerging Market Leadership Center

Company%20Profile
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Turning%20waste%20into%20fuel
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COMPANY%20PROFILE
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SPECS

Engine: Two-litre four-cylinder turbo
Power: 235hp
Torque: 350Nm
Transmission: Nine-speed automatic
Price: From Dh167,500 ($45,000)
On sale: Now

SPECS%3A%20Polestar%203
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Milestones on the road to union

1970

October 26: Bahrain withdraws from a proposal to create a federation of nine with the seven Trucial States and Qatar. 

December: Ahmed Al Suwaidi visits New York to discuss potential UN membership.

1971

March 1:  Alex Douglas Hume, Conservative foreign secretary confirms that Britain will leave the Gulf and “strongly supports” the creation of a Union of Arab Emirates.

July 12: Historic meeting at which Sheikh Zayed and Sheikh Rashid make a binding agreement to create what will become the UAE.

July 18: It is announced that the UAE will be formed from six emirates, with a proposed constitution signed. RAK is not yet part of the agreement.

August 6:  The fifth anniversary of Sheikh Zayed becoming Ruler of Abu Dhabi, with official celebrations deferred until later in the year.

August 15: Bahrain becomes independent.

September 3: Qatar becomes independent.

November 23-25: Meeting with Sheikh Zayed and Sheikh Rashid and senior British officials to fix December 2 as date of creation of the UAE.

November 29:  At 5.30pm Iranian forces seize the Greater and Lesser Tunbs by force.

November 30: Despite  a power sharing agreement, Tehran takes full control of Abu Musa. 

November 31: UK officials visit all six participating Emirates to formally end the Trucial States treaties

December 2: 11am, Dubai. New Supreme Council formally elects Sheikh Zayed as President. Treaty of Friendship signed with the UK. 11.30am. Flag raising ceremony at Union House and Al Manhal Palace in Abu Dhabi witnessed by Sheikh Khalifa, then Crown Prince of Abu Dhabi.

December 6: Arab League formally admits the UAE. The first British Ambassador presents his credentials to Sheikh Zayed.

December 9: UAE joins the United Nations.

Joker: Folie a Deux

Starring: Joaquin Phoenix, Lady Gaga, Brendan Gleeson

Director: Todd Phillips 

Rating: 2/5

SUZUME
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COMPANY%20PROFILE
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What are NFTs?

Are non-fungible tokens a currency, asset, or a licensing instrument? Arnab Das, global market strategist EMEA at Invesco, says they are mix of all of three.

You can buy, hold and use NFTs just like US dollars and Bitcoins. “They can appreciate in value and even produce cash flows.”

However, while money is fungible, NFTs are not. “One Bitcoin, dollar, euro or dirham is largely indistinguishable from the next. Nothing ties a dollar bill to a particular owner, for example. Nor does it tie you to to any goods, services or assets you bought with that currency. In contrast, NFTs confer specific ownership,” Mr Das says.

This makes NFTs closer to a piece of intellectual property such as a work of art or licence, as you can claim royalties or profit by exchanging it at a higher value later, Mr Das says. “They could provide a sustainable income stream.”

This income will depend on future demand and use, which makes NFTs difficult to value. “However, there is a credible use case for many forms of intellectual property, notably art, songs, videos,” Mr Das says.

COMPANY%20PROFILE
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UAE currency: the story behind the money in your pockets
In%20the%20Land%20of%20Saints%20and%20Sinners
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Company%20profile
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