The Role of Sheikh Mohammed in Financial Success of Dubai

Sheikh Mohammed is often credited for the political, economic, and financial success of Dubai. This is why it is necessary to look at the goals and forces that motivate this person. First of all, he had several important visions and one of them was to build one of the most popular tourist destinations that could attract people from different countries (Mayo et al, 2010, p. 8). This is why the government invested capital into numerous construction projects, especially luxury hotels (Mayo et al, 2010, p. 8).Advertising We will write a custom case study sample on The Role of Sheikh Mohammed in Financial Success of Dubai specifically for you for only $16.05 $11/page Learn More Apart from that, Sheikh Mohammed had a goal of creating a state that could foster creativity, innovation, and adoption of the best practices (Mayo et al, 2010, p. 8). This is why this political leader focused on the development of adult literacy programs, the construction of schools, c olleges, and universities. To a great extent, this initiative was critical for the economic and financial development of the UAE. Furthermore, Sheikh Mohammed tried to create an economy could be independent from oil industry. As a result, he paid much attention to such aspects of the economy as tourism, finance, petro-chemical companies, airlines, and so forth. On the whole, it is possible to argue that their Sheikh Mohammed is a person who has clear visions and goals and who can pursue them. Overall, the following statement throws light on the goals and visions of Sheikh Mohammed, â€Å"I want it (Dubai) to be number one. Not in the region, but the world†¦ Number one in everything: high education, health, housing†¦Ã¢â‚¬  (Mayo et al, 2010, p. 9). This is the main objective he attempted to achieve as a leader of the nation. Certainly, it is a highly ambitious goal, and one cannot easily attain it; this strategy helped the government to achieve considerable results. It is also important to speak about the motives that underlie Sheikh Mohammed’s efforts. In this case, one can argue that he is a very ambitious person who does not want to disappoint the expectations of their parents. This is one of the factors that affected his behavior. Additionally, he wanted to demonstrate his leadership skills and his ability to organize and guide the work of other people (Mayo et al, 2010). This is one of the reasons why he undertook numerous programs that were supposed to revitalize the political, economic, and financial life of the UAE (Mayo et al, 2010). To a great extent, he tried to create a legacy that can appeal to the citizens of the UAE and the tourists. Additionally, one should not forget about such a driver as the sense of duty. In particular, Sheikh Mohammed says, â€Å"The first duty of an official is to make his people happy and provide them with security, stability, welfare, and progress† (Mayo et al, 2010, p. 16). It is possible that this factor was the most important one.Advertising Looking for case study on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Certainly, one can argue that each of Sheikh Mohammed’s initiatives was successful, but his efforts were vital for the development of the country. Therefore, one can argue that the ambitiousness of Sheikh Mohammed contributed to the success of Dubai. It has to be admitted that he relied on the assistance of other people, and their efforts should not be overlooked. Nevertheless, the development of Dubai should be credited to the visionary leadership of Sheikh Mohammed and his efforts. Reference List Mayo, A., Nonria, N., Mendrho, U., Cromwell, J. (2010). Sheikh Mohammed and the Making of â€Å"Dubaui Inc†. Harvard Business School, 1-31. This case study on The Role of Sheikh Mohammed in Financial Success of Dubai was written and submitted by user Alejandro Whitehead to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.