Cookie Consent by Privacy Policies Generator website 'Being a Great CEO is most about Empathetic Leadership' say Business Heads at Sharjah Entrepreneurship Festival 2021 : GoDubai.com

GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >>

    Share
• Several UAE CEOs believe in putting employees first and hiring people smarter than themselves 
• Venture capitalists, angel investors, or banks – where should startups go to get their funding? SEF 2021 reveals 
 
Sharjah, November 23, 2021
 
UAE-based CEOs and investment heads offered an all-round perspective on what makes effective leaders, and shared the secret to acquiring the best possible funding for business ventures, at the Sharjah Entrepreneurship Festival 2021, on Tuesday.
 
In a panel discussion ‘The untold truths about being a great CEO', Nisreen Shocair, CEO of online fashion retail company Yoox Net-a-Porter Middle East; Amir Farha, founder of seed-stage venture firm COTU; and Mohamad ‘Mo' Ballout, founder of Kitopi, took to the stage to tell moderator Farida Al Agamy, cofounder of Kyma, about the importance of empathetic leadership and putting employees first, especially as they navigated a pandemic-hit business landscape.
 
According to Shocair, “When the pandemic hit, my first thought was that this was almost a post-9/11 scenario, having faced the impact of that crisis because I was in New York at the time. My initial reaction was not ‘this is an amazing opportunity for online business', but ‘how do I take care of our people'. 
 
“We did that by creating a buddy system and opened helplines since everyone was working remotely and needed an infrastructure of support, particularly for their mental wellbeing. Our team members felt they were protected by the company and, as a result, surpassed their targets,' she added. 
 
Ballout echoed similar sentiments by stressing the importance of empathetic leadership. “Running a business can be like participating in a championship; you want the best team players and continually focus on building momentum. But, with Covid-19, what we saw around us was a lack of empathy, and without empathetic leadership, you cannot get anywhere.”
 
“The best leaders are always curious to learn about themselves and their own values as a leader,” said Farha. “Before, leadership was more transactional and focused on pushing the boundaries of what you and your employees could do. Now it is viewed more as something that succeeds as a collective.”
 
In the layered and complex reality of the 21st century business landscape, Shocair, Farha and Ballout noted that hiring people smarter than themselves, the ability to create future leaders, enabling a non-hierarchical work culture and non-judgmental space for employees, as well as the ability to practice grit and self-love made for the best leaders.
 
Smart approach to funding your business
In the second panel of the day, ‘Financing your startup: The key funding options available for your business', Ahmad Al Naqbi, CEO, Emirates Development Bank; Maha Al Fahim, founder, High Water Venture Partners; and Samer Choucair, Director, Crescent Enterprises-Creates, spoke to moderator Noor Shawwa, MD of the entrepreneurship movement – Endeavour UAE, about the basic issues in business fundraising and the various routes prospective business owners can take to fund their ideas.
 
Banks often analyse the entire lifecycle of a company before offering funding, noted Al Naqbi, adding that they also gauge the ability of the lender to repay the debt by reviewing how their income is generated and how secure it is. “But debt is a burden, and as an early-stage business or startup, it is better if you find someone to invest equity in your company so that they are aware of the risks and are willing to take them.”
 
“Venture capital (VC) firms have a mandate to invest in businesses that have a track record, so it is better for idea- or seed-stage startups to approach angel investors who are interested in building the startup ecosystem as a whole, not just one venture. Angel investors put their faith in the founder or the founding team and not necessarily their idea,” said Choucair.
 
Al Fahim added: “Venture capitalists are strategic investors; they look at the investee's preparation levels and the reasons why they should invest in them. Fundraising for your business is also an art – if you have liquid capital, you can borrow the rest from friends or family, but if you have more time and are going into a sector with a lot of growth potential, consider going to VCs.”



Posted by : GoDubai Editorial Team
Viewed 4162 times
Posted on : Tuesday, November 23, 2021  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : Ajman Free Zone to launch 'Made in AFZ' exhibition for business partners
Next Story : ‘The future is Meta', say experts at Sharjah Entrepreneurship Festival 2021
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
Symbols and Colours by Pandora: Little Symbols of Big Dreams
LG's Newest Innovations Earn Wide Range of Honors at Ces 2022
BRX Trio Stage Top Ten Show As Dakar Heads for Finish
Kuwaiti Photographer Displays Wildlife Photos at Expo 2020 Dubai
Malabar Gold & Diamonds Inaugurates 2 New Showrooms in MG Road, Bengaluru and So...
Joyalukkas Shopper Wins Big in the ongoing DSF Season of Big Winnings'
SEHA Announces Closure of Mina Rashid Covid-19 Drive-through Services Center
MAX&Co. SS 22 Rock Chic
Sony World Photography Awards Announces Student and Youth Competitions 2022 Shor...
Amazon Joins Forces with MTE (MENATECH) to Expand Amazon UNIVERSITY Esports to U...
Republic of Paraguay; The Hidden Gem of South America Showcased Country's Eclect...
Dubai Customs' Achievements in 2021
Aster DM Healthcare to Set Up its 6th Hospital in Kerala
Stellar Q3 Helps TCS Hit $25 Bn in Annual Revenue
2022 Ras Al Khaimah Half Marathon Adds World-class Runners to Elite Athlete Fiel...
Dubai Shopping Malls Group's Up to 1 Million Dirhams Prized Weekly Raffles, a Hi...
Ajman University Students Win The Excellence Award In Documentary Films
Al Ghurair Properties Announces Partnership with Siemens to Implement Sustainabl...
International Panel of Experts to Decide Honoree(s) of Zayed Award for Human Fra...
SEHA Wins Two Globally Recognized Awards for Excellence in Nursing Healthcare
2022 Samsung QLED and Lifestyle TVs Recognized By Top Global Certification Insti...
Go Down Memory Lane in New National Geographic Six-part Countdown Series, the ‘8...
Advanced Ford F-150 Boasts an All-New SYNC 4 and its Host of Innovative Technolo...
OMEGA Joins Satellite Clean-Up Mission
BRX Set Dakar Record as Al Attiyah Secures Fourth Victory
LG Joins IBM Quantum Network for Advance Industry Applications of Quantum Computuing
Experts Behind Samsung's Newest Products and Technologies Discuss Innovating for...
Airbus SLC Set to Showcase latest Portfolio of Communication Products at INTERSE...
SEHA Successfully Saves Life of 7-Year-Old Boy through Complex Pediatric Heart P...
Statement by Irfan Tansel, CEO of Al Masaood Automobiles on Nissan's New Vehicle...
Summary of Weekly Real Estate Transactions for the Week Ending 14 January 2022
Etihad Expands Green Loyalty Offering With Corporate Programme to Reward Organis...
St. George's University School of Medicine in Grenada Shares 10 Tips on Effectiv...
Samsung Electronics Joins Home Connectivity Alliance to Drive the Future of Conn...
Festival Plaza Mall Collects Over 6000 Pre-Loved Toys in Partnership with Emirat...
Malabar Gold & Diamonds Continues Inauguration Spree with 3 New Showrooms Across...
New Official Operational Hours Announced for Visa Application Centres in Abu Dha...
Ring the New Year with Dubai Shopping Festival Deals from Nissan of Arabian Auto...
Secretary General of Environment Agency – Abu Dhabi Highlights the Importance of...
Abu Dhabi University Forges New Partnerships with Leading Malaysian Universities
TrinaTracker Launches Vanguard 1P, Increasing Average Energy Yield By 15% In Des...
What if the Solution to Sleep Apnoea Syndrome was to be found at Arab Health 2022 ?
Logo of Aster Royal Hospital, Upcoming 200 Bedded Hospital in Muscat, Oman, unve...
Verloop.io Partners with Vonage to Deliver Seamless Conversational AI
Beware of Fake RT PCR Test Results through Third Party Agencies
Municipality Develops Construction Sector with Dubai Engineering Qualification System
Fakeeh University Hospital partners with Henkel to provide Occupational Health S...
Weekend Max Mara SS 22 - WEEKENDERS KNITS
The Swiss Pavilion at Expo 2020 highlights the importance of Applied Tech for Hu...
Abu Dhabi Energy Services to Deliver Energy-Saving Solutions Across the Emirate