As part of its commitment to enhance knowledge management, and encourage creativity and innovation among employees of the municipal system, and to shed light on the concept of international entrepreneurship and innovation, the office of knowledge management “Musharaka” at the Department of Municipal Affairs (DMA) organized a seminar entitled “International Entrepreneurship and Innovation”.
This seminar was presented by Professor Niclas Adler who is a Babson Global Faculty Fellow in the United States and attended by employees at the DMA and other governmental entities. International Entrepreneurship and Innovation – to create competitive advantage, economic development and sustainable wealth, were the main focus of the seminar, where Professor Alder said that entrepreneurship and innovation is very important because turbocharged young businesses are the primary engines of economic growth, social inclusiveness, innovation, and quality of life adding that even during recession entrepreneurial ventures generate jobs, wealth, healthier government, human capital, and opportunity and it is useful in every societal sector and drives competitive and the attractively of any region.
Professor Alder shed a light on the Finnish experience in the International Entrepreneurship and Innovation saying that the case of Finland transformed the country into a global leader in international innovation and entrepreneurship and enabled it to connect people across boundaries and incentivized cross-technological cooperation and invested strongly in ensuring best possible schools while continuing to focus on the whole eco-system.
Professor Alder highlighted some of the obstacles needed to be dealt with in order to enhance International Entrepreneurship and Innovation in GCC countries, saying the Gulf economies need to achieve more diversification and to enhance competition on the international stage and to engage in high tech exports in addition to spending more on research and innovation.
It is worth mentioning that, this Seminar is the 9th of its kind and it comes as the knowledge management (Musharaka) in the DMA aims to enhance exchange knowledge among the employees of the Municipal System and aims at development, creativity, renovation and improvement in services.