Dubai believes that innovation is a ticket to success in the framework of economic and social development. It sees economies and entrepreneurship that are based on innovation as those that can provide an opportunity to enhance competitiveness and reach more achievements. Innovation is treated as a driving force that can make society creative and lead to “full-fledged knowledge-based economies” (“Introduction” para. 1).
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This process is tightly connected to the creation of new ideas that can be brought by differentiation in business, health, and educational sectors. The way innovation can enhance economic opportunities for the whole country is considered by Innovation Arabia. Its 9 Congress was discussing the potential of the region and the way innovation makes different spheres, including the business one, more competitive and successful.
As it turned out, Dubai is sure that innovation is critical for entrepreneurs, as it allows to meet knowledge requirements of the Arab World that become higher and higher with the rapid development of the region. The city values all research capabilities that are available in numerous disciplines as they provide an opportunity to grow and develop. The GCC’s business system, entrepreneurship, and SMEs are of the most interest for Dubai as mainly they represent its business sphere that can make the city the leader in the market, allowing it to make a great contribution to the further development of the Arab World (Alkhazraji and Shawn para. 2).
Outstanding professionals provide insights on such things in their reports and emphasize the significance of building an innovative environment and utilization of the best practices (“Quality and Business Management” para. 3).
They believe that sustainable entrepreneurship cannot be achieved without positive, innovative environment. Its maintenance is considered to be so critical that the responses from a research community and government sector are attracted to investigate the issue and find out what will bring the most benefit to the city. Dubai believes in the power of intellectual convergence and encourages to promote it through entrepreneurs. It is claimed that innovation is a major tool that can be used to improve “education, health, and the environment, encourage the implementation of best practices, and support sustainable entrepreneurship” (“Innovation Arabia 9” para. 5).
Thus, it is not surprising that the city does its best to foster innovation and spread it in different communities. With its help, the implementation of the best practices becomes a process that is sure to bring success not only for the particular company but for the whole region. This approach is tightly connected to smart learning excellence that is discussed in a framework of contemporary pedagogy. Both researchers and educators emphasize that it is critical to develop creativity and innovation in learners so that they will be able to utilize such important for the future skills in their workplaces (“Smart Learning Excellence” para. 2).
It can be seen that professional who are working for the success of Dubai, conduct numerous research projects aimed at the identification of the factors that can make the Arab World better, such as the specific entrepreneurial factors. They can help to design effective and efficient interventions in financial sphere and skill building. Entrepreneurs are encouraged to take into consideration various infrastructure factors to adjust their businesses. Related information is widely discussed by researchers, and people are taught to make use of it, which gives them a good chance to become successful (“Day 2” para. 1).
Thus, it can be said that Dubai does its best to teach its people how to become creative and use innovative ideas in order to promote entrepreneurship. Professionals receive support from researchers and educators who prepare future employees and provide insights on the most critical aspects of entrepreneurship.
Alkhazraji, Khalid, and Shawn Olds. Entrepreneurship and Small Business Management: A new Approach to Innovation for GCC Entrepreneurs, 2016. Web.
Day 2. 2016. Web.
Introduction. 2016. Web.
Innovation Arabia 9 features 283 research papers and 40 presentations from 52 countries. 2016. Web.
Quality and Business Management. 2016. Web.
Smart Learning Excellence. 2016. Web.