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 3745 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
Bourjois Healthy Mix [13414-Views]
Prada Luna Rossa Carbon [13377-Views]
Kids Get Groovy in COÉGA Sunwear Spring/Summer 2017 collection [12798-Views]
Bourjois: Blow a Kiss for Mother's Day [11194-Views]
Introducing NEW Olay Regenerist Microsculpting Cream SPF30 [10205-Views]
Paul Marciano and Al-Futtaim Celebrate GUESS' 35 Year Anniversary with Spectacular Evening... [9992-Views]
Elizabeth Arden: White Tea fragrance [9254-Views]
Elizabeth Arden: Eight Hour® Miracle Hydrating Mist [8900-Views]
Celebrate Life's Key Moments with Mouawad Jewelry [8882-Views]
Gucci Eyewear Spring/Summer 2017 [8638-Views]
Cocktail and Bridal Couture by International Brand Label based in Dubai, Kara by award-win... [7778-Views]
Browz's Lip Blush Treatment is Perfecting the Pout [7637-Views]
Burberry Eyewear: His and Hers [7161-Views]
Ulysse Nardin Jade “Grand Feu” [7143-Views]
Lose the Back Pain at Work [6978-Views]
IKEA Spreads Cheer on International Day of Happiness [6850-Views]
Clearly Corrective Brightening and Smoothing Moisture Treatment [6783-Views]
Doha Bank named ‘Best Trade Finance Bank' in Qatar at Global Finance Awards 2017 [6783-Views]
World's Best Family SUV – the All-New Land Rover Discovery Makes its Debut in the United A... [6350-Views]
Danube Dubai Fashion League showcases stunning designs amidst UAE's fashion elite [6240-Views]
Re - Salons and Spas celebrate Women's Wellness on International Women's Day [5783-Views]
Sharjah Museums to Open Unique Photographic Exhibition of Muslim Communities in China [5484-Views]
SAINT HONORE introduces the first watch made out of steel from the Eiffel Tower [5460-Views]
Hassan Al Qayedi, Afra Al Badi emerge champions in Fazza Championship for Shooting Saktoun... [5100-Views]
Etihad Airways Crowns Winner of ‘Taste the World' at Taste of Hong Kong [5008-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories