New businesses in old traditions
16 Aug 2015If you think you have the perfect business, you won’t keep trying to improve. It is better to act now and strive to find a better way, rather than wait for the perfect way to do things. In the GCC people have tended to gravitate towards government companies, however that is changing. Dubai is showing that the private sector can prosper in the GCC, and by being open to trade and cosmopolitan in nature, the Emirate is attracting entrepreneurs.
Across the MENA region, the UAE and Qatar are considered among the most favourable markets for establishing and operating a company. In its Doing Business report, the World Bank ranked them as 23rd and 48th respectively among 189 countries worldwide for ease of doing business in 2014.
The region is currently witnessing a major shift in regulations and mind-set and access to capital is being democratised and the pool of regional mentors is expanding exponentially. Availability of finance is extremely important the region that has never looked at investing in anything other than its traditional industries. Mentors are important for entrepreneurs to help them achieve goals, respond to issues and also create growth plans for their companies. Finding local mentors has been a challenging task for the new businesses because there are no existing precedents for the businesses that have sprouted around the country.
“Disruptive innovation” are the types of innovation that have significant impact on anyone’s core business – things that shake up the industry, things that reward one bank and punish another, things that drive dramatic growth. Real disruptive innovation – the kind that builds new markets, new products, or new customers – causes upheaval in the industry. Disruptive innovations shake things up, they destabilise the status quo, hopefully by offering something completely new to customers. Many businesses in the Middle East are now adopting this philosophy of growth without just relying on the regulatory bodies to assist them.
Building up an ecosystem for start-ups will of course take time. It is important for governments in the region to connect with organisations such as the MENA Private Equity Association to gather information and to exchange best practices. Associations can provide the platform for a mutually beneficial exchange.
What people say
A business leader with a clear objective to Build a Legacy through his business acumen and passion to excel, being associated with Dr Tejinder opens up new avenues for learning.
Dr Tejinder Singh , the man who taught me to teach and lead. My first and only professional Guru who would run the mile first and push me to walk that . A wonderful human being and an exceptional professional.
Tejinder is one of the most amazing client/business partner that I have ever met.
I met Bhattia sahib once and found him very friendly,intelligent and very focused head of an efficient organisation.
In my association with Tejinder I have found him to be very frank in his views.He is very strong in his domain knowledge and also has sharp commercial acumen.
I was hired by Tejinder Sir, in the year 2003, which was also the turning point in my career.
My 1st Impression about Mr. Tejinder Singh Bhatia - An Exteremely Confident Professional, Who knows What he is Doing and Where he wants to Reach.
He was a dedicated and sincere person and always followed pragmatic approach while fulfilling his job responsilbilites.
I am priviledge to work under him, he is an excellent Leader where team always ready to work for him even at oddest hour of the day.