Quality Management Obsession

Entrepreneurship is a driving force to modern economies if organizational excellence is achieved. High-quality outputs are important at the local, regional, and international level due to e-commerce evolution in business industries. Therefore, factual approach to solve managerial challenges toward quality at the micro and macro level is on demand to outreach global markets. Even local companies selling locally will have to compete globally with high quality and cost-cutting strategies to gain customer loyalty. The quality challenge is to have consistency in all products and services sold anywhere in the world; this can only be achieved if standardized processes, systems, and training are adopted in a quality culture. As an entrepreneur, acquiring “Quality Strategic Management” approach helps prevention of poor outcomes by keeping failure and appraisal costs to the minimum through quality planning and quality training, quality testing, and quality auditing to avoid factors preventing competitive advantage strategies promptly.

The Impact of Entrepreneurship Education on Entrepreneurs' Skills

This study aimed to measure the impact of entrepreneurship education on entrepreneurs' skills, which are technical, business management, and personal entrepreneurial skills. A survey method was chosen to measure the impact of entrepreneurship education on entrepreneurs' skills. Respondents were required to rank their perceptions on the impact of entrepreneurship education on entrepreneurs' skills based on a five-point Likert scale.

The Characteristics of SMEs in Dubai and Their Impact on Innovation

This chapter explores the extent and characteristics of small and medium enterprises (SMEs) in Dubai and their innovative practices. Within this context, considerable emphasis is placed on evaluating the propensity of these SMEs to adopt new technology. SMEs are significant to the local entrepreneurship and innovation activities as well as improving competitiveness. Furthermore, these enterprises play a crucial role in job creation and are fundamental to economic growth. The connection between economic success in SMEs is fundamental since these firms are able to incorporate innovation into their operations and organizational practices.

FinTech Strategies in the GCC

The Gulf states, attempting to diversify their economies, have focused largely on transforming their economies. Part of their transformation focus areas is the technology sector. FinTech is a generic term used for all financial technology developments, and has gained a lot of traction in the recent years. As Financial services is one of the main sources of GDP for the GCC states, the GCC governments have focused in promoting the FinTech entrepreneurship spirit, through different initiatives. In the chapter, the authors analyze the FinTech ecosystem development mode for all the GCC countries, focusing on understanding the reason that have made it one of the most successful FinTech ecosystems globally.

Survey of Financing Options and Key Challenges Faced by SMEs in the UAE

Innovation has an essential impact on SME creation, and governments are concerned with stimulating adoption of innovation by SMEs to strengthen growth and development and adapt to the ever-changing business environment. Innovation by SMEs requires operating within a generally embracing economic and financial environment. The availability of various formal and informal financing options and a growing economy encouraging consumer spending, innovation-driven investment spending and export, and a policy favoring enhancing private equity, economic diversification, and market competition are incipient factors contributing to a culture of private initiatives by entrepreneurs and SMEs.

Historical Development of Chinese SMEs

The importance of the SME is well established in the literature. These account for the majority of economic contribution in many economies. In the case of emerging markets, SMEs make significant contributions to the local income generation, employment support, and innovation development. The aim of this chapter is to provide an overview of how the world's largest emerging economy—China—helps promote its SMEs. This chapter provides a brief history of Chinese SMEs throughout the Great Economic Reform that started in 1978. Next, the SMEs' achievements and current constraints are outlined. Last, this chapter discusses how the SMEs in China upgrade through innovation and branding to embark on future pathways. Through this timeline approach, the experience of Chinese SMEs development will provide some insights for other emerging regions.

Risk Management as Knowledge Production

Rapid national infrastructure growth, as witnessed today in many countries such as the United Arab Emirates, commonly makes fast-tracking demands of what are already highly complex multi-stakeholder projects. Considering the long history of airport project failures in a number of fast-growing cities, the chapter explores risk management enhancements for addressing the challenges associated with transitions from project completion to commencement of operations. The proposed solution in the pages that follow is to have in place dedicated risk management teams spanning the transitions. These teams should provide a locus for stakeholder collaboration based on a shared concern to build excellence into the customer experience from commencement of operations onwards.

Cluster Branding

Innovation economies are a departure from traditional modes of development. Where the latter privileges activities like resource extraction and infrastructure construction, the former emphasizes less material approaches such as knowledge-building and talent creation. In its drive to become a knowledge-based economy, Dubai may face challenges of perceptual legitimacy in its newly formed innovation clusters. At the same time, however, a strength of image bulwarks its established clusters like finance and logistics. This chapter summarizes best practices and existing theory on cluster branding, briefly examines several innovation clusters in Europe and the United States, and finally ruminates on the opportunities and challenges faced by Dubai in creating strong brands that communicate innovation.

Using Health Psychology to Inspire Entrepreneurial Innovation in Dubai

Being an entrepreneur encompasses a number of traits. Used as an “umbrella term,” it constitutes self-motivation, leadership, resilience, proactivity, creativity, and a sense of light-hearted preparation to deal with potential failure in different aspects of the startup. These individual traits are prevalent in most people; however, it is the combination of them, alongside sound physical health and access to social resources that allows an entrepreneur to enjoy success in due time. Psychological theory and practice may inform techniques in developing and facilitating what it takes to succeed as an entrepreneur. Specifically, health psychology explains how individuals' unique biological, psychological, and social factors, as informed by biopsychosocial theory, together produce adaptive or maladaptive behaviors. To translate this for the context of entrepreneurship, only an individual, who is physiologically healthy or otherwise manages their physical condition well, might enjoy entrepreneurial success.

Entrepreneurship in the United Arab Emirates

The United Arab Emirates (UAE) has developed a young, vibrant, and innovative economy. The UAE is ranked 11th in the ease of doing business globally according to the 2018 world bank report on the ease of doing business. The UAE is ranked the first in the Arab World in terms of ease of doing business. The UAE has achieved this amazing ranking and is approaching the top 10 global economies in terms of ease of doing business. According to Arab Youth Survey, the UAE was selected as the top country Arab youth wish to live in. The UAE became even more attractive than the USA for Arab youth. The survey explores where young aspiring individuals in the Arab countries would like to live and work. Historically, many young individuals in the Arab region, excluding gulf countries, fancy immigrating and working in the US, Canada, Europe, or Australia. They were aspiring for a better live and better economic conditions. In the recent survey, Dubai and the UAE topped the traditional immigrant attractive countries.