"The One Thing" becomes first Arab business model case study at MIT Sloan School
Dubai: 13 February, 2007- Tatweer, a member of Dubai Holding, has become the first Arab company to have a Massachusetts Institute of Technology (MIT) Sloan School of Management case study written for an Arab business strategy model.
The presentation of the "Tatweer and The One Thing" case study was made at a highly interactive session that the Executive Chairman of Tatweer, Saeed Al Muntafiq, held with senior faculty and students of the renowned Boston-based business and management education institution.
The case study written by post graduate MIT Sloan School students Omar Al Madhi, Samer Abdin, Shant Oknayan and Khalid Saiduddin, was praised for its high quality and unmatched collaboration between MIT Sloan School of Management and Tatweer.
The senior faculty members present at the event, representing both MIT Sloan School and Harvard Business School recommended the inclusion of "The One Thing" model in specific business management courses.
The success of the case study has been such that MIT Sloan School faculty members and Tatweer have agreed to monitor the development of "The One Thing" across Tatweer and its companies through a series of follow-up case studies to be written throughout the next two years.
"Dubai stands tall alongside the major cities of the world with its many world-class companies," said Saeed Al Muntafiq. "The fact that MIT Sloan School has developed a case study on "The One Thing", our business strategy and management model is an academic recognition of the high quality systems and procedures that drive Tatweer and its entities. We believe Tatweer best exemplifies the drive, determination, the ambition and the success of the emirate."
"This is the first time an Arab business model has been presented as a case study in the history of MIT Sloan School of Management. It is a prestigious academic honour for us and a firm recognition of the increasing role of the new and emerging Arab business management," added Al Muntafiq.
"The One Thing" model runs the strategic planning of Tatweer's businesses. It is an Arab response to strategic planning to suit the specific nature of Arab companies that operate in quickly evolving markets while depending on long term growth goals.
The model brings clarity to business management by aligning all goals and tasks to one simple two-year bound objective or promise to which all other business tasks converge, regardless of the nature of the company.
Saeed Al Muntafiq said: "It was a privilege to discuss "The One Thing" with the faculty and students of MIT Sloan School of Management. We look forward to hosting the researchers that will develop the new case studies for 2007 and 2008."
Prior to the MIT Sloan event, Saeed Al Muntafiq met with Dr. Susan Hockfield, President of the Massachusetts Institute of Technology (MIT) to discuss opportunities for mutual collaboration.
-Ends-
About Tatweer:
Launched in December 2005 Tatweer is one the region's most promising enterprises and a Member of Dubai Holding. It owns nine market-leading companies and managing an ambitious business development plan.
Its current portfolio is divided into Energy & Healthcare, Tourism & Entertainment, Industry & Knowledge. Its entities are Dubai Healthcare City, the region's hub for world-class quality healthcare services; Mizin, one of the most advanced real estate companies in the region; "The Tiger Woods - Dubai" an exclusive golf community that will include a Tiger Woods designed Golf Course; Dubailand, one of the biggest leisure, entertainment and tourism destinations in the Middle East region; Dubai Industrial City, an industrial township to develop Dubai as a leading manufacturing hub; Bawadi, the world's leading hospitality and entertainment project bringing 31 hotels and more than 29,000 hotel rooms; Dubai Energy, investing in regional and global energy opportunities and building a diversified investment portfolio; Dubai Mercantile Exchange, the first commodity futures exchange in the Middle East; Global Village, which brings together 160 different countries showcasing myriad cultures; and Moutamarat, the first Arab initiative organizing research-based conferences and exhibitions.
A Member of Dubai Holding, Tatweer and its entities will continue to consolidate a group of life-improving industries. In addition, it has pioneered the market with joint venture initiatives with leading companies such as the New York Mercantile Exchange or the Saudi Research and Publishing Company.
Tatweer will continuously strive for world-class performance implementing leadership development to drive and sustain business excellence, quality and high performance.
For further information, please contact:
Agency:
Tarek Sakik
Senior Account Manager
Jiwin the Public Relations Arm
Of Dubai Press Club
Phone: +971-4-3613593
Email: Tarek.Sakik@Jiwin.ae
© Press Release 2007
