- Home
- Middle East
- UAE
- Dubai Chamber's webinar highlights importance of engaging with stakeholders during COVID-19
Dubai Chamber's Webinar Highlights Importance Of Engaging With Stakeholders During COVID-19
Muhammad Irfan Published July 16, 2020 | 06:15 PM
DUBAI, (UrduPoint / Pakistan Point News / WAM - 16th Jul, 2020) Authentic stakeholder engagement is proving to be a crucial part of business strategies as companies navigate new challenges created by the COVID-19 pandemic, industry experts explained during a recent webinar hosted by the Dubai Chamber of Commerce and Industry.
The webinar, titled "Reconnecting with Stakeholders during COVID-19 - Why it Matters and How to Get it Right", was organised by Dubai Chamber’s Centre for Responsible Business as part of an event series discussing a wide range of issues related to the sustainability practices of companies dealing with the impact of the pandemic.
The virtual event was attended by more than 70 participants representing businesses operating in various economic sectors and fields.
Sharing insights and best practices during the webinar were Prof. Tazeeb S. Rajwani, Professor of International Business and Strategy, Surrey Business school, University of Surrey; Hani Radwan, Incubator Manager for Coca Cola middle East, and Mansour Hajjar, Country Manager for UAE and India at the Chalhoub Group.
The recommendations outlined by the speakers included the need for being transparent, consistent and adopt a purpose-driven communication to maintain stakeholder commitment, quick action in dealing with a fast-changing business landscape, the use of a hybrid digital/physical platforms to engage with stakeholders, data-driven decisions and collaboration with partners and even competitors to find solutions to challenges posed by COVID-19.
The speakers stressed the importance of stakeholder engagement in strengthening trust and reputation and business performance over the long term, while participants were encouraged to remain flexible in their approach to managing stakeholders during times of uncertainty.
Dr. Belaid Rettab, Senior Director, Economic Research and Sustainable Business Development Sector, Dubai Chamber, highlighted the need for businesses to communicate clearly with all types of stakeholders, whether they are customers, business partners, suppliers, distributors, or members of their respective communities.
"Having an effective strategy for communicating with key stakeholders is crucial for maintaining business relations and these aspects have become more important due to the COVID-19 situation which has introduced new challenges and uncertainties," Rettab said, adding that the webinar offered participants valuable insights on the matter, as well as practical steps they can take to improve communication with stakeholders.
Recent Stories
3 Gawadar attack victims funeral offered
Mbappe says he will leave PSG at end of season
Usmani felicitates Sardar Saleem on taking oath as Punjab Governor
DC for provision of facilities to people in Lasbela
Solar storm could bring auroras, power and telecoms disruptions
Court grants interim bail to PTI leaders
Ulema, Mashaykh call for political accountability, collaboration for Pakistan's ..
SHRC asks NADRA to issue CNICs to transgender as per law
Flash floods kill 50 in one day in north Afghanistan
CDA chief expresses commitment to promoting modern-day technologies
By wide margin, UN General Assembly votes to back Palestinian bid for membership ..
Musadik slams PTI's political approach as provocative
More Stories From Middle East
-
UAE announces ‘Zero Bureaucracy Program’ to reduce bureaucracy
3 months ago -
COP28 President-Designate welcomes Transitional Committee agreement to operationalise Loss and Damag ..
6 months ago -
Global Media Congress 2023 to feature Co-Production Majlis as a new networking platform
6 months ago -
Young female athletes shine at Abu Dhabi World Youth Jiu-Jitsu Championship
6 months ago -
King of Jordan receives Abdullah bin Zayed and ministers participating in Arab coordination meeting
6 months ago -
Abdullah bin Zayed participates in coordination meeting of Arab foreign ministers, joint meeting wit ..
6 months ago
-
3rd annual conference of Emirates Society of Clinical Microbiology kicks off in Dubai
6 months ago -
SIBF 2023 hosts Nobel laureate to discuss emergence of ‘Afrofuturism’ in global discourse
6 months ago -
ALC announces winners of Kanz Al Jeel Award 2023
6 months ago -
SIBF turns spotlight on remarkable contributions of women
6 months ago -
Global assets in spot bitcoin ETFs hit $4.16 billion
6 months ago -
Rescuers struggle to find Nepal quake survivors as deaths reach 157
6 months ago