Dubai PR Network, Online Press Release from Dubai and Middle East
 
(Others)
Filter PR by
  
UAE on course to becoming one of the world's most innovative nations
 

Management and organisational skills can further advance innovation, says LBS expert   

24 November 2016, Dubai, UAE –The UAE has been putting the right policies in place to become one of the most innovative countries in the world says Freek Vermeulen, Term Associate Professor of Strategy and Entrepreneurship, London Business School.

“In 2014, the UAE defined the very ambitious target to become one of the world’s most innovative cities in the world in just seven years,” says Dr Vermeulen. This is ambitious, because creating an environment conducive to innovation is a long-term strategy, and something that does not happen overnight.

“What the UAE understood well is that there is no one thing that stimulates innovation: it is not just about government investment, policy, or tax. An innovative business environment requires a range of factors, and that’s what the UAE has been focusing on”, says Dr Vermeulen.

Whereas several decades ago, it was usual for major innovations to be developed in single companies, research shows that today innovations happen within networks of different organisations. These organisations could include firms from different sectors, start-ups and established firms, government agencies and universities. The innovation process often requires greater cooperation between people from different organisations, according to Dr Vermeulen.

“We know from research that now more than before, innovation happens within eco-systems”, say Dr Vermeulen.. “What we also know from research is that, in spite of the -present-day existence of information and communication technology, these processes still mostly happen through face to face contact; that is, people physically meeting, working together, and talking to each other. That’s why it is important that different parties are located close to each other.

“What people sometimes underestimate is the crucial role of business schools in this mix. Successful innovation does not just consist of science and technological invention; it also requires management and organisational skills. Business schools are known to attract talent in this area and provide a crucial knowledge hub and node in the network. UAE has declared to concentrate on science, technology, engineering and mathematics (STEM). They would do well to add business schools and education to this mix,” he adds.

Posted by : Dubai PR Network Editorial Team
Viewed 4636 times
PR Category : Others
Posted on : Thursday, November 24, 2016  10:30:00 AM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : Dubai Expats Urged to Plan for After the Good Life
Next Story : China Homelife Exhibition Returns to Dubai with Stronger Par...
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
LG Q6 Brings Fullvision Display To New Smartphone Lineup [107256-Views]
LG's Connected Technology Puts the World at Your Fingertips During Your Holiday Vacation [31098-Views]
Chaumet est une fête - Chaumet is a feast : High Jewellery Collection HJ 2017 [16988-Views]
New Collections at Grand Optics for Summer 2017 [11950-Views]
Elemis new products review [11657-Views]
ICONIC Renews Association with Varun Dhawan and Amy Jackson [8766-Views]
PUMA Football Launch 23 New Club Kits [8266-Views]
Ulysse Nardin Jade “Lionfish” [8125-Views]
Chloé eyewear - Vintage inspiration, luxurious details & a seventies feel. [8015-Views]
Salvatore Ferragamo Eyewear New Collection [7308-Views]
Top Ten in GC for UAE Team Emirates' Meintjes After Stage 12 of Le Tour [7174-Views]
UAE among the top spenders globally on beauty products forking out $239 per capita in 2016 [6173-Views]
SAINT HONORE Charisma Twist is Ideal for the Stylish Lady [6082-Views]
True Blue: Kiehl's Beloved Blue Herbal Formula Continues 50 Year Crusade Against Acne [5893-Views]
NRI Teenager awarded India's Most Distinctive Global Indians Award [5789-Views]
Louis Moinet: Jurassic Watch - A 150-million year heritage on your wrist [5722-Views]
Winners of Joyalukkas 60 KG gold, 60 days of winnings announced in last few days of promot... [5636-Views]
LG OLED TV Wins Fourth Consecutive CE Week TV Shootout Title [5588-Views]
BAUME & MERCIER: A leather with a promising future for Petite Promesse [5435-Views]
Ras Al Khaimah Tourism Development Authority Reports Double-Digit Year-on-Year Visitor Gro... [5118-Views]
Chef Tarek Turns on a Cooking Masterclass in Dubai Using Fresh Australian Produce [4850-Views]
Half A Million Unskilled Workers Work at Construction Sites in Dubai Urged to Consume O.R.... [4703-Views]
Abu Dhabi Tops Leading UK Travel Firm's “Most Wanted” List for 2017 [4685-Views]
Bubble lines in mother-of-pearl and superluminova add sparkle to summer [4581-Views]
Sadia's Waste Less Campaign Helps 4000 Families Across UAE, KSA and Kuwait [4557-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories