Strategising is a process in which tough decisions need to be made. It requires deep reflection, structured thinking and, of course, time. Without planning, backs will be up against the wall, providing no further opportunity to squirm away from facing the inevitable. Adaptation and renewal will be the writing on that wall.
Once the difficult decisions are made, priorities will have shifted and change will determine the road map to success. Cutting and pasting a strategy from previous years cannot be an option while a business remains at the mercy of a larger economic, political and business community ecosystem.
With evidence of debilitating consequences resulting from little or no investment of time in the strategic process, why is there still a tendency to race through the thinking and development phase, not dedicate reflection time to the strategic objectives and not prioritise a structured and detailed approach to the transformation that is needed. Let's explore three possibilities here:
1. Lack of experience
I've been told that the words, "you can't put old heads on young shoulders" are often overheard in the hallways of traditional corporations. Without past experience, assumptions and decision-making may be limited and ill-informed.
Some principles that have stood the test of time have done so because they add value, even in unpredictable and emergent business conditions. One example would be the strength gained from adopting a solid structure as the backbone of decision-making in business. Structure provides a framework that holds things together.
Those who are inexperienced or who have limited perspective rarely appreciate the value of frameworks or the investment of time to construct them. Countless reasons could account for this yet here are two options to manage this situation:
. Allow the non-structured approach to move ahead; accept that this will likely not reap intended positive results
. Hold the hand of those with limited experience while investing in structured approaches and allowing them to see and feel the benefit
2. Lack of consistency with a vision
Visions have been described in myriad ways - the anchor that positions a business, the star that guides a business or even the view from where we currently are. Regardless of the terminology, a vision becomes the dream that has evolved through a leader who believes there is a better way, one who is committed to make the change happen. In this better way is hope - hope that the product, service or state of being will serve all positively.
A vision exists twice - once in the mind and secondly in reality. In both, it should remain consistent, though there may be flexed versions of the vision that vary due to the discovery of new knowledge or new techniques. This is like a ship's anchor that may shift with strong winds in one direction, allowing flexibility for the ship to stretch and explore yet remain solidly in one anchorage.
One example may be a city's strategic plan that seeks to build a manned tram system, then discovers and re-prioritises to a driverless or unmanned tram system. Throughout this shift, the intention of moving masses of people every day has not changed.
Change can be incremental or radical, with the realisation that visions require phases and milestones, preparations and management, evaluations and measurement, and time. Keep moving the benchmarks forward and reward the achievement of milestones.
3. Lack of long-term thinking
Business is a process, with inputs and outputs. It has ups and downs, productive and counterproductive results. It is a system in which components will always have scope for improvement. Short-term thinking, often facilitating deviation from a vision or plan, will not breed trust with customers. A long-term business with short-term thinking can confuse and sometimes even irritate the very thing that can and will judge with its feet: customers and employees.
Reactive leadership encapsulates all three of the above. Embarking on realignments in business will take time. Expecting anything less will simply double the time, keeping in mind the rework that will inevitably lead to starting all over again, with three likely priorities:
. Defining leadership's direction, priorities and capabilities
. Preparing the right people to take the project forward
. Defining the project's structure and resources.
Just like a three-legged stool, if one is missing, lack of balance is inevitable. Time invested to build a strong operating framework for change will yield increasing incremental gains over and over again, ensuring reactivity and rework will be packed away tightly in the "lessons learnt" compartment.
Debbie Nicol, the managing director of Dubai-based business en motion, is a consultant working with strategic change, leadership and organisational development. Email her at debbie.nicol@businessenmotion.com for thoughts about your corporate change initiative
F1 The Movie
Starring: Brad Pitt, Damson Idris, Kerry Condon, Javier Bardem
Director: Joseph Kosinski
Rating: 4/5
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.
In numbers: China in Dubai
The number of Chinese people living in Dubai: An estimated 200,000
Number of Chinese people in International City: Almost 50,000
Daily visitors to Dragon Mart in 2018/19: 120,000
Daily visitors to Dragon Mart in 2010: 20,000
Percentage increase in visitors in eight years: 500 per cent
Company%20profile
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The Africa Institute 101
Housed on the same site as the original Africa Hall, which first hosted an Arab-African Symposium in 1976, the newly renovated building will be home to a think tank and postgraduate studies hub (it will offer master’s and PhD programmes). The centre will focus on both the historical and contemporary links between Africa and the Gulf, and will serve as a meeting place for conferences, symposia, lectures, film screenings, plays, musical performances and more. In fact, today it is hosting a symposium – 5-plus-1: Rethinking Abstraction that will look at the six decades of Frank Bowling’s career, as well as those of his contemporaries that invested social, cultural and personal meaning into abstraction.
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The specs
Engine: Dual 180kW and 300kW front and rear motors
Power: 480kW
Torque: 850Nm
Transmission: Single-speed automatic
Price: From Dh359,900 ($98,000)
On sale: Now
What can victims do?
Always use only regulated platforms
Stop all transactions and communication on suspicion
Save all evidence (screenshots, chat logs, transaction IDs)
Report to local authorities
Warn others to prevent further harm
Courtesy: Crystal Intelligence
Types of policy
Term life insurance: this is the cheapest and most-popular form of life cover. You pay a regular monthly premium for a pre-agreed period, typically anything between five and 25 years, or possibly longer. If you die within that time, the policy will pay a cash lump sum, which is typically tax-free even outside the UAE. If you die after the policy ends, you do not get anything in return. There is no cash-in value at any time. Once you stop paying premiums, cover stops.
Whole-of-life insurance: as its name suggests, this type of life cover is designed to run for the rest of your life. You pay regular monthly premiums and in return, get a guaranteed cash lump sum whenever you die. As a result, premiums are typically much higher than one term life insurance, although they do not usually increase with age. In some cases, you have to keep up premiums for as long as you live, although there may be a cut-off period, say, at age 80 but it can go as high as 95. There are penalties if you don’t last the course and you may get a lot less than you paid in.
Critical illness cover: this pays a cash lump sum if you suffer from a serious illness such as cancer, heart disease or stroke. Some policies cover as many as 50 different illnesses, although cancer triggers by far the most claims. The payout is designed to cover major financial responsibilities such as a mortgage or children’s education fees if you fall ill and are unable to work. It is cost effective to combine it with life insurance, with the policy paying out once if you either die or suffer a serious illness.
Income protection: this pays a replacement income if you fall ill and are unable to continue working. On the best policies, this will continue either until you recover, or reach retirement age. Unlike critical illness cover, policies will typically pay out for stress and musculoskeletal problems such as back trouble.