Mohammed Bin Rashid Programme for Leadership Development launches 'Business & Finance Fundamentals'

The new training module, which has been conceptualised in response to the ongoing global financial crisis, serves as one of the Personal Development Programs (PDP) of MBRPLD and focuses on improving the program participants' expertise in financial and business matters.

Business & Finance Fundamentals has been customised to deliver high-impact inputs and practical advice according to the needs and requirements of the 70 participants of the Promising Leaders Program, a level of MBRPLD that aims to prepare a vital, elite and strategic professional manpower reserve that is capable of sustaining the leadership requirements of Dubai Government in line with its strategic plan and international and regional aspirations.

"The ultimate goal of the PDP is to provide the Promising Leaders Program participants with the necessary skills to be able to appreciate and learn from their experiences in administrative and global financial matters. The discussions focused on the impact of the current global financial crisis on the local economy and the role of strategic management in dealing with these challenges. We train them to be fully qualified to assume command responsibility in addition to developing their administrative and financial skills."

said Adel Al Shared, Director, MBRPLD.

"Business & Finance Fundamentals is another exciting addition to the training programs under the Promising Leaders level. Financial and business matters are a big part of the society's progress, thus incumbent and future leaders must have sufficient knowledge and skills to operate in these critical fields and activate the role of future leaders in Dubai Strategic Plan. I am delighted that MBRPLD has offered this new training program as it will surely enhance my ability to work through the complexities of the business and financial worlds."

said Sabiha Mayid Baliouha.

The Business & Finance Fundamentals training module seeks to achieve three specific objectives: business and commercial awareness; strategic focus; and client focus.

Business and commercial awareness will deal with the capacity of the participants to be well informed about financial and commercial matters, particularly in terms of profitability, costs and business opportunities that will generate sound commercial returns.

The strategic focus aspect aims at helping participants better understand their department's vision and how this is reflected in day-to-day decisions.

It also considers the impact of one's role and work area on the overall strategic objectives. The client focus component equips the participant with the capacity to create value by understanding the clients, their needs and expectations and how to meet these in a high-quality manner.

PDP has been created to educate participants in effective thought processes, strategic planning for the future, successful implementation of action plans and self-reflection on what has been learned and achieved as well as the succeeding goals.

The activity helps participants develop the ability to articulate personal goals and evaluate progress towards their achievement; become more effective, independent and confident self-directed learners; understand how they are learning and relate their learning to a wider context; improve their general skills for study, career management and marketing themselves to employers; and take a positive attitude to learning throughout life, educational and career development.

The primary objectives of the Promising Leaders Program are to empower participants to develop key managerial skills and capabilities; ensure a comprehensive understanding and awareness of the government's duties; develop the participants' skills and abilities according to each job description; and develop and support in the implementation of the participants' development plans.

Further details of the program and the evaluation process are also available on the MBRPLD`s website.