The Mohammed bin Rashid Al Maktoum Enterprise Award has a brand new “redesigned” format.
Dubai Chambers just lately unveiled the brand new award, which is a merger of the earlier Mohammed bin Rashid Al Maktoum Enterprise Award and the Dubai High quality Award.
The award has undergone intensive restructuring to mirror the wants of the enterprise neighborhood, in keeping with Dubai’s imaginative and prescient and the aims of D33’s financial agenda.
The brand new format features a collection of enhancements to the reward mannequin, analysis mechanisms and reward classes.
The award contains 4 new classes, together with the Excellent Enterprise Award offered by Dubai Chambers; the Household Enterprise Award offered by the Dubai Chamber of Commerce; the World Growth Award offered by Dubai Worldwide Chamber; and the Digital Innovation Award offered by the Dubai Chamber of Digital Financial system.
From October 2, entries will probably be accepted from corporations energetic in numerous sectors.
The award is open to Dubai-based corporations, in addition to worldwide corporations headquartered in Dubai.
Abdul Aziz Abdulla Al Ghurair, Chairman of Dubai Chambers, commented: “We’ve got fully redesigned the award, whereas sustaining its principal goal: to determine a platform for the alternate of information and expertise to assist taking part organizations grow to be leaders of their grow to be a area of experience. This creates an essential device to assist corporations’ sustainability and acknowledge efficiency, speed up development and enhance model fame, in the end enhancing their competitiveness and place out there by encouraging the adoption of worldwide finest practices.”
The brand new mannequin relies on intensive analysis and displays the most recent methodologies by specializing in processes and leads to key areas as tangible measures of enterprise success.
Mohammed bin Rashid Al Maktoum Enterprise Award: Analysis and Standards
The analysis course of examines areas comparable to management, technique, folks administration, ESG, digital transformation and the corporate’s monetary efficiency.
Collaborating corporations should obtain a minimal variety of factors from the evaluators based mostly on an in depth vary of standards to safe a spot among the many finalists in every class.
A grand ceremony will probably be held within the second quarter of 2024 to reward the winners of every award class.
Dubai Chambers’ adoption of a enterprise excellence framework goals to encourage corporations to repeatedly enhance their efficiency all through the analysis course of.
All candidates will obtain a complete analysis report on their submissions, and the winners may also be inspired to share their finest practices with different corporations within the business.
The Mohammed bin Rashid Al Maktoum Enterprise Award was initially launched in 2005 beneath the patronage of Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to acknowledge the efforts of organizations selling sustainable financial growth on this planet supported. UAE.