ALKUWARI
The
Engineer of Change
The CIO is no longer just a . They are a TECHNOLOGIST strategic , BUSINESS LEADER driving digital transformation and .INNOVATION
The Mul faceted Role of a CEO
Themostcommonquestionthrownintothefray
duringdiscussionsaboutgoodmanagementis perhaps"Whatmakesagreatleader?"Rightatthe helmofasuccessfulcompanyistheChiefExecutive Officer,whoundertakesallofthetasksrelatedtosteering theorganizationtowardsitsgoals.Therearefiveareasthat CEOsmanage:vision,cash,people,keyrelationships,and learning.
Aclearvisioniscrucialforanybusiness.Itsetsthe directionandinspiresemployeestoworktowardscommon goals.AccordingtoastudybyMcKinsey,companieswith strongleadershipvisionoutperformtheircompetitorsby 30%.Thisunderscorestheimportanceofhavingaleader whocanarticulatewherethecompanyisheaded.
Cashmanagementisanothercriticalarea.CEOsmust ensurethatthecompanyremainsfinanciallyhealthy, balancingexpensesandrevenueseffectively.Areportfrom Deloitterevealsthat60%ofsmallbusinessesfaildueto cashflowproblems,highlightinghowessentialitisfor CEOstomonitorfinancialhealthclosely
Peopleareatthecoreofanyorganization.Asuccessful CEOfostersapositiveworkenvironmentandencourages employeedevelopment.Researchshowsthatcompanies withengagedemployeesseea21%increaseinprofitability
Buildingkeyrelationshipswithstakeholders,clients,and partnersisequallyimportant.Strongconnectionscanlead
tonewopportunitiesandcollaborationsthatbenefitthe business.Finally,continuouslearningisvitalforgrowth. CEOsmuststayupdatedonindustrytrendsandencourage innovationwithintheirteams.Byfocusingonthesefive areas,CEOscanguidetheirorganizationstowardslongtermsuccessandsustainability
Thelatestissueof "Middle East's 10 Most Influential CEOs to Know in 2024," byTheCIOWorldfeatures CEOswhohavedemonstratedexceptionalleadershipin thesefivekeyareas.Theseindividualshavesuccessfully navigatedtheircompaniesthroughchallengingtimes, encouragedinnovation,anddrivengrowthintheir respectiveindustries.
Haveagoodreadahead!
The Engineer of Change
08. Eng. Ali Al Kuwari 20.
Revolutionizing the Digital Lending Transformation in Finance
24. Hussam A. Alkannas
32.
16. 28. Fawaz Ghazal
Championing Safety and Modernization in Insurance
Mohamed Al Hashemi
Building Community Through Commerce: The Cooperative Advantage
38.
In What Ways Can Empowering Others Lead to Personal Growth?
What Lessons Can We Learn from Leaders Who Excel at Simplifying Issues?
Why Managed IT Services Are Essential for Scaling Startups and SMEs?
- Anand Mahindra
Editor-in-Chief
Deputy Editor
Managing Editor
Assistant Editor
Visualizer
Art & Design Head
Art & Design Assitant
Business Development Manager
Business Development Executives
Technical Head
Assitant Technical Head
Digital Marketing Manager
Research Analyst
Circulation Manager
Eric
Richard
Ali Al-Kuwari
CEO
Bassam Almohammadi
Founder and CEO
Fawaz Ghazal
CEO Hassan Ghanem
Chairman & CEO
Hussain Lalani
Chief Execu ve Officer
msheirebproper es.com Company
Msheireb Proper es
FlyAkeed flyakeed.com
Flooss flooss.com
Housing & Development Bank
United Gulf Bank ugbbh.com
Hussam Alkannas CEO
Trade Union Coopera ve Insurance Company
Khaled Al-Gazawi
Chief Execu ve Officer
Ebdaa for Microfinance - Bahrain ebdaabahrain.com
Descrip on
Ali Al-Kuwari is a visionary leader driving innova on and sustainable development in real estate, commi ed to enhancing urban living through transforma ve projects in Qatar
Bassam Almohammadi is a pioneering entrepreneur with a focus on digital transforma on, commi ed to enhancing travel experiences through innova ve technology solu ons in the avia on sector.
Fawaz Ghazal is an entrepreneurial leader passionate about financial technology, aiming to revolu onize personal finance management with user-friendly solu ons that empower consumers.
Hassan Ghanem is a transforma ve leader in the banking sector, focused on driving growth and innova on while ensuring financial inclusivity and community development.
Hussain Lalani is a forward-thinking execu ve in banking, focused on enhancing customer engagement and driving strategic ini a ves for sustainable growth in the financial sector.
Hussam Alkannas is an influen al figure in the insurance industry, dedicated to enhancing customer protec on and driving opera onal excellence through innova ve insurance solu ons.
Khaled Al-Gazawi is a dedicated advocate for microfinance, commi ed to empowering entrepreneurs and fostering economic development through accessible financial services in Bahrain.
Mohamed Al Hashemi CEO
Mohammed Abunayyan
Chief Execu ve Officer
Umar Al Mahmoud CEO
UnionCoop unioncoop.ae
Al-Hassan Ghazi Ibrahim Shaker Company shakersa.com
MEDGULF
Saudi Arabia medgulf.com.sa
Mohamed Al Hashemi is a dynamic strategist focused on retail growth, fostering collabora on and innova on to elevate customer experiences within the coopera ve sector in Dubai.
Mohammed Abunayyan is an innova ve leader in the energy sector, dedicated to advancing sustainable prac ces and enhancing opera onal efficiency through strategic ini a ves.
Umar Al Mahmoud is a strategic thinker in the insurance domain, dedicated to expanding market reach and improving service delivery for enhanced customer sa sfac on.
Eng.AliAlKuwari CEO MsheirebProperties
ENG.ALI ALKUWARI
The Engineer of Change
The idea of building in a sustainable way is the foundation of Msheireb Properties' whole ethos to development, and it is a driving force of mine as CEO.
A Career Defined by Growth, Elevating Urban Living, and Redefining Qatar's Skyline!
Havingapowerfulvisionforwhatyouwantto accomplishisjustthefirststeponanyjourney
Thechallengingbutrewardingpartisputtingin thehardworktoturnthatvisionintoatangiblerealitythat createsvalueandimpact.Whetherit'sabusinessidea, creativeendeavor,orpersonalgoal,makingyourvision thrivetakesimmensededicationandstrategiceffort.
"How do you go from vision to reality?" asksEng.AliAl Kuwari,amanwhosecareerpathhasbeendefinedbyhis abilitytoanswerthatquestionwithclarityandaction.
Withnearlytwodecadesofexperienceintherealestateand energyindustries,Ali’sjourneytothesummitofQatar's propertysectorhasbeenmarkedbyatenaciouspursuitof excellenceandcreativity
HavingheldseniormanagementpositionsatTechnipin ParisandQatarPetroleum,AlKuwari'stransitionintothe propertysectorwasanaturalevolution,drivenbyhis passionfortransformativeprojects.HistenureatMsheireb PropertiesbeganastheChiefOfficerfortheDesignand DeliveryDirectorateoftheMsheirebDowntownDoha Project,whereheplayedapivotalroleinshapingthefuture skylineofQatar'scapital.
Recognizedasan "Agent of Change," hisleadershipstyle isdistinctiveforbalancingahands-onapproachwithpeople empowerment,whichhaspropelledMsheirebPropertiesto newheightsandearnedhimthereputationofa"Business PerformanceStrategist."Underhisstrategicinfluence,the organizationhaswitnessedrapidgrowth,withAlKuwari spearheadinginitiativesthatdrovesustainabledevelopment andoperationalexcellence.
Today,astheCEOofMsheirebPropertiessinceJanuary 2023,Alichartsanewcourseforliveable,environmentally consciouscommunitiesthroughhispositionatthehelmof MsheirebProperties,cementinghislegacyasapioneerin Qatar'spropertyindustryandbeyond.
Let us explore his journey:
PioneeringSustainableUrbanDevelopmentinQatar
AliwaskeentoshareinsightsintoMsheirebPropertiesand itsinceptionstory,describingitasQatar'spremier sustainablepropertydeveloper.Hehighlightedtheir
flagshipproject,MsheirebDowntownDoha,hailedasthe world'sfirstsustainablyregeneratedcitydistrict.The primaryaimbehindMsheirebDowntownDoha,asAli explained,wastorevolutionizeurbanlivingparadigms, cultivatingadeepersenseofcommunity,connectivity amongneighbours,andaharmoniousbalancebetween workandleisure.
Havingbeencloselyinvolvedinthisjourneyforseveral years,Aliexpressedhisongoingexcitementatwitnessing HerHighnessSheikhaMozabintNasser'svisionfora developmentthatmergesprogressandhistorycometolife throughMsheirebProperties'pioneeringefforts,particularly showcasedinthetransformativedevelopmentofMsheireb DowntownDoha.
FlagshipDevelopmentsandHospitalityAssets
ThroughouthiscareerwithMsheirebProperties,Alihas beeninvolvedinmanyofthecompany'smostsignificant projects.Inparticular,heplayedacrucialroleinthe developmentofMsheirebDowntownDoha,servingasthe ChiefOfficerfortheDesignandDeliveryDirectorate.
Inthiscapacity,Alialsooversawthelaunchandoperations ofmajorassetsatMsheirebDowntownDoha,includingthe MandarinOrientalHotels,AlWadiHotelMGallery,Park Hyatt,aswellastheZulalWellnessResortsituatedon Qatar’spicturesquenorthcoast,alldevelopedbyMsheireb Properties.
Duringthe2022FIFAWorldCupheldinQatar,Alidirected theseamlessoperationofvariouseventsintheMsheireb DowntownDohadevelopment,includingthehostingofthe officialFIFAmediacenter
Ali'sleadershipandoversightofthesehigh-profile hospitalityandeventcomponentsaresourcesofgreatpride andaccomplishmentforhimandtheorganization.His abilitytodeliversuchlarge-scaleandprestigiouselements ofthismajordevelopmentisatestamenttohisexpertise andtheteam'scollectivesuccess.
BalancingStrategicVisionandOperationalExcellence
Alihasdemonstratedakeenabilitytobalancethestrategic andoperationalaspectsofhisrole,enhancingthe company'spositionasapremiertouristandbusiness destination.
One of the biggest shifts Msheireb Properties has undergone in recent years is transitioning our team’s focus from working for a developer to becoming both a developer and operator of Msheireb Downtown Doha.
As a leader, I make sure I am clear about my expectations, and I know I can trust my world-class team to deliver.
"Itisabalance,andonethatmyleadershipteam,withthe supportofouresteemedBoardofDirectors,iscarefulto achievewithourdecisions,"heexplained.Atthestrategic level,theorganizationisconsciousofitsguidingprinciples, prioritizingsustainabilitywhileensuringitsassetsare placeswherepeoplewanttovisitandspendtime.
Importantly,henotedthatthesetwoideasarenotmutually exclusive."Wehavefoundthattheycanbequite complementary.Forexample,byimplementingstrategic policiesthatmakeoursitesmoreenvironmentally sustainable,wecancreateabetterenvironmentforour patrons,andwecanorganicallybecomeaplacethatvisitors wanttoreturnto—theseambitionscanbequitecircular."
ThisthoughtfulapproachtoblendingMsheirebProperties' overarchingvisionwithmeticulousoperationalexecution hasbeencentraltothecompany'ssuccessinestablishing itselfasaleadingtouristandbusinesshub.
ManagingComplexitiesinConstructionPhases
DuringtheconstructionphasesofMsheirebDowntown Doha,Aliencounterednumerouschallengingsituations,as istypicalforprojectsofsuchscaleandambition.Rather thanhighlightingaspecificinstance,heexplainsthatthe greatestvalueliesinlearningfromthesedifficult experiences.Hebelievesthatadversitystimulatescourage andenduranceandthatitiscrucialtoapplytheselessonsto futurechallenges.
LeveragingBackgroundKnowledge
Effectivelyleveraginghiscareerandacademicexperience todriveinnovationwithinMsheirebProperties,Ali's practicaltraininginIndustrialEngineeringprovidedhim
withadeepunderstandingofthetechnicalchallenges involvedinbuildinginasustainableway,whichisthe foundationofMsheirebProperties'developmentethos.
Bycombininghistechnicalexpertisewithhisvisionand motivationtousedesigntosolvechallengesaffecting communitiesintheregionandgloballyinawaythatis goodfortheplanetandthepeople,hehasbeenabletodrive innovationandsustainabilitywithintheorganization.
Aliexplained,“Wecancombinethesetwoseemingly differentthingsifweembraceinnovation–fromthinking rightthroughtoimplementationanddrawingonthelatest highlytechnicaladvancementsinbuildingpractices.”
MakingMajorEventMoves
DuringtheFIFAWorldCup2022Qatar,oneofAli’skey responsibilitieswastodirecttheseamlessoperationof variouseventsintheMsheirebDowntownDoha,including thehostingoftheofficialFIFAmediacenter
Aligatheredatop-notchteamaroundhim,includingthose experiencedinmediamanagementtohelpunderstandwhat guestsneededandmeetthoseneedseverysingleday.While themediawerenotinQatartoreportonMsheireb,itwasa vitalopportunityfortoshowcaseQatar’scredentialsin sustainabledevelopment.Aliestablishedveryclear troubleshootingprotocols,sothatanyissuewasresolved quicklyanddidnotescalateintoabiggerproblem.Itwas thesebasicsteps,andthetalentedanddedicatedteam workingalongsideAli,thatsafeguardedoperationsduring thisbusytime.
IntegratingCoreValues
ToensurethatthevaluesofMsheireb Properties—excellence,innovation,leadership,partnership, andresponsibility—areintegratedintothecompany’s strategicandoperationalplans,Alistressesthecollective ownershipofthesevalueswithintheteam.Heunderscores theimportanceofembeddingthesevaluesintothe organizationalculture,recognizingthatachievingthevision requiresaunifiedeffort.
Thecommitmenttoworld-classresearch,design, engineering,andarchitectureatMsheirebPropertiesis deeplyinfluencedbythecultureofexcellencespearheaded byQatarFoundationforEducation,Scienceand CommunityDevelopment,MsheirebPropertiesparent companyandanorganizationspearheadingtransformative
chanceinthecountry.Thecompany'sapproachto innovationinvolveschallengingtraditionalnormstocreate integrated,sustainable,andenrichinglivingandworking environments.Byestablishingnewstandardsfor sustainableandculturallysensitivedevelopments,Msheireb Propertiesleadstheindustry
AlignedwiththeprinciplesofQatarNationalVision2030, MsheirebPropertiesoperateswithinaknowledge ecosystemthataimstogeneratecultural,societal, environmental,andknowledgewealthforallstakeholders. MsheirebPropertiesinnovatesbychallengingconvention andfindingnewwaysforpeopletoliveandworkin integrated,enriching,andsustainablecommunities. Itis committedtobeingaresponsiblecorporatecitizenthat respectslocalcultureandcommunity,heritageandthe environment.
HarnessingEssentialLeadershipQualities
Whenreflectingontheleadershipqualitiesessentialfor overseeingthedevelopmentandimplementationof strategicplansforacomplexprojectlikeMsheireb DowntownDoha,Alihighlightedtwokeyattributes:"Itis aboutassemblingtherightteamandhavingaclearvision sothateveryone,nomatterwhatpartoftheprojecttheyare involvedwith,isawareofwherewearegoing,andwhat theirroleis.”Asaleader,heemphasizestheimportanceof communicatinghisexpectationsclearlyandbeingableto trusthisworld-classteamtodeliverontheproject's objectives.
Bycarefullycuratingatalentedandexperiencedteam,he ensuresthatMsheirebDowntownDohabenefitsfroma diverserangeofexpertiseandperspectives.Coupledwitha steadfastobligationtoaunifyingstrategicvision,this leadershipapproachallowseachmemberoftheteamto understandtheirspecificroleandhowitcontributestothe successoftheentireenterprise.
Furthermore,hisabilitytoarticulatehisexpectationswith clarityempowershisteamtoworkcohesivelytowardsthe sharedobjectives.This,inturn,cultivatesanenvironment oftrustandaccountability,wherehecanconfidentlyrelyon histeamtoexecuteeffectively
Throughthiscombinationofteambuilding,vision-setting, andclearcommunication,Alihasdemonstratedthe essentialleadershipqualitiesrequiredtooverseethe complexandmultifaceteddevelopmentofMsheireb
DowntownDoha,oneofMsheirebProperties'most ambitiousandtransformativeprojects.
ApproachtoStayingCurrentonIndustryTrends
Tostayuptodateonindustrytrendsandbestpractices,Ali reliesonbuildingandmaintainingstrongconnectionswith colleaguesacrosstheregion.Alisaysthatattending industryforumsandconferencesisoneofthebestwaysto stayinformedaboutthelatesttrendsanddevelopmentsin thefield.
Additionally,herecognizestheimportanceofengaging withvariousstakeholders,ensuringthattheyareawareof anyconcernsandcanproactivelyidentifyissuesand developmitigationstrategiesasneeded.
AGlobalProjectCaseStudy
DuringtheFIFAWorldCupQatar2022,Msheireb DowntownDohaemergedasapremierdestinationfor touristsandresidents,attractingover4millionvisitorswith engagingexhibitions,curatedactivities,andservingasthe sitefortheinternationalmediacenter.Ali’sleadership helpedshowcasethedistrictasaglobaldestinationwith distinctivearchitectureandinnovativesmartfeatures.The newlyregenerateddowntowngainedworldwideattention, solidifyingitsreputationasacityattheforefrontof modernityandanewapproachtourbanliving.
Buildingstrongrelationshipswithpartnersandstakeholders aheadoftimewascrucialtoAli’ssuccess.Theoutcomes includedasignificantincreaseinvisitornumbers,positive mediacoverage,andinternationalrecognitionforthe district'sinnovativesmartfeaturesandsustainabledesign.
As an "Agent of Change," how have you implemented signicant transformations within the organization to improve its overall performance and efciency?
One of the biggest shifts Msheireb Properties has undergone in recent years is transitioning our team’s focus from working for a developer to becoming both a developer and operator of Msheireb Downtown Doha. This strategic shift was aimed at ensuring that the mission of Msheireb Properties when designing and building Msheireb Downtown Doha, to change the way people think about urban living, was achieved effectively.
To support this shift, I knew it was critical to empower engineers and young leaders at Msheireb Properties to take on operational responsibilities. By doing so, we ensured that decision-making processes were more agile and responsive to emerging challenges. I wanted to encourage a culture of innovation and embrace a startup mentality, thinking like a small company to swiftly adapt to new circumstances and overcome obstacles.
Recognizing the importance of research and development in staying ahead of smart city and sustainability trends, I championed efforts to support innovative approaches within Msheireb Properties. We invested resources in R&D activities to stay ahead of the curve and remain competitive in the market.
Finally, we would not be here without our partners and collaborators who support our initiatives, particularly the Msheireb Downtown Doha project. Working closely with our partners helped us row in the same direction towards making Msheireb Downtown Doha a smart, sustainable, international tourist and business destination.
In What Ways Can Empowering Others Lead to Personal Growth?
Empoweringothersisa
powerfulcatalystforpersonal growth,creatingarippleeffect thattransformsnotjustindividualsbut entirecommunities.Whenoneperson takestheinitiativetoupliftanother,it sparksachainreactionofpositivity anddevelopment.
Thisprocessbeginswiththe recognitionthatempowermentisnot merelyaboutgivingsomeoneahelping hand;it’saboutinstillingconfidence, fosteringindependence,andnurturing thebeliefthateveryonehasthe potentialtosucceed.Asindividuals stepintotheirownpower,theyoften findthattheirowngrowthaccelerates, leadingtoadeeperunderstandingof themselvesandtheworldaroundthem.
Theactofempoweringotherscanlead toprofoundchangesinone’s perspective.Whenindividualsengage inliftingothers,theyoftenreflecton theirownexperiences,values,and aspirations.Thisintrospectioncan revealstrengthsandweaknessesthat mayhavepreviouslygoneunnoticed.
Forexample,mentoringsomeonecan highlighttheskillsandknowledgeone possesses,reinforcingasenseofselfworthandpurpose.Asonehelpsothers navigatetheirchallenges,they
simultaneouslyconfronttheirown, learningresilienceandadaptabilityin theprocess.Thismutualgrowthnot onlyenhancespersonaldevelopment butalsostrengthenscommunitybonds, creatingasupportivenetworkthat thrivesonsharedsuccesses.
TheConnectionBetween EmpowermentandPersonalGrowth
Empowermentisfundamentallyabout fosteringasenseofagencyandcontrol overone’slife.Whenindividualsfeel empowered,theyaremorelikelyto takeinitiativeandpursuetheirgoals withdetermination.Researchshows thatpeoplewhoengageinempowering othersoftenreportincreasedselfconfidenceandagreatersenseof purpose. Thisisbecauseempowerment encouragesindividualstorecognize theircapabilitiesandtakeownershipof theiractions.AstudybytheWorld HealthOrganizationfoundthat individualswhofeelempoweredare morelikelytoengageinhealthpromotingbehaviors,illustratingthe linkbetweenempowermentandoverall well-being.
Moreover,empoweringothers cultivatesacultureofcollaboration andsupport.Whenindividualsshare theirknowledgeandskills,theycreate anenvironmentwherelearningis prioritized.Thisnotonlybenefitsthe personbeingempoweredbutalso enhancestheskillsoftheone providingsupport.
Forinstance,teachingsomeoneanew skillcanreinforceone’sown understandingandmasteryofthatskill. Thisdynamicfostersacontinuous cycleoflearningandgrowth,where bothpartiesbenefitfromtheexchange ofideasandexperiences.
BuildingConfidenceandResilience
Oneofthemostsignificantoutcomes ofempowermentisthedevelopmentof confidenceandresilience.When individualstakeontheroleofamentor orsupporter,theyoftenfacechallenges thatrequirethemtostepoutsidetheir comfortzones.Thisprocessbuilds resilienceastheylearntonavigate obstaclesandsetbacks.
AccordingtoasurveybyGallup, peoplewhoengageinmentoring relationshipsare70%morelikelyto reportfeelingasenseof accomplishmentintheirpersonaland professionallives.Thissenseof achievementnotonlyboostsselfesteembutalsoencouragesindividuals totakeonnewchallenges,fosteringa growthmindset.
Additionally,empoweringotherscan leadtoenhancedproblem-solving skills.Whenindividualshelpothers overcomedifficulties,theyoften encounterdiverseperspectivesand approaches.Thisexposurebroadens theirunderstandingandequipsthem withnewstrategiesfortacklingtheir challenges.
AreportfromtheAmerican PsychologicalAssociationhighlights thatindividualswhoengagein supportiverelationshipsarebetter equippedtohandlestressand adversity,furtheremphasizingthe benefitsofempowerment.
TheImportanceofLifelong Learning
Empowermentiscloselytiedtothe conceptoflifelonglearning.When individualscommittoempowering others,theyoftenseekout opportunitiestoexpandtheirown knowledgeandskills.Thispursuitof learningnotonlyenhancestheirability
tosupportothersbutalsocontributes totheirpersonalgrowth.
AstudybythePewResearchCenter foundthatadultswhoengagein continuouslearningreporthigher levelsofsatisfactionandfulfillment intheirlives.Thiscommitmentto growthcreatesaculturewhere curiosityandexplorationarevalued, leadingtoamoreenrichedlife experience.
Furthermore,theactofempowering othersfostersasenseofcommunity andbelonging.Whenindividuals cometogethertosupportoneanother, theycreateanetworkofshared experiencesandcollectivegrowth. Thissenseofcommunitycanbe incrediblyfulfilling,asitprovides individualswithasupportsystemthat encouragesthemtopursuetheirgoals andaspirations.Thepositiveimpact ofcommunitysupportiswelldocumented,withresearchindicating thatindividualswhofeelconnectedto theircommunitiesexperiencelower levelsofstressandgreateroverall happiness.
Conclusion
Thejourneyofpersonalgrowthis deeplyintertwinedwiththeactof empoweringothers.Asindividuals takestepstoupliftthosearoundthem, theynotonlycontributetothe developmentoftheirpeersbutalso embarkonatransformativejourney ofself-discoveryandgrowth.This reciprocalprocessfostersresilience, buildsconfidence,andpromotes lifelonglearning,creatingapositive feedbackloopthatbenefitsboth individualsandcommunities.By embracingthepowerof empowerment,wecancultivatea worldwhereeveryonehasthe opportunitytothrive,ultimately leadingtoaricher,morefulfillinglife forall.
Success is not how high you have climbed, but how you make a positive difference to the world.
- Roy T. Bennett
Fawaz Ghazal
Revolutionizing the Digital Lending Transformation in Finance
Leading the Charge in Accessible Financial Solutions in Bahrain!
Astraditionalbankingfalters undertheweightofevolving customerexpectations, innovativeleadersareemergingto reshapethefinanciallandscape.Fawaz Ghazalstandsatthevanguardofthis transformation,championinganewera ofaccessibilityandefficiencyin finance.
Withover22yearsofexperienceinthe financialservicessector,heistheCEO ofFloossBahrainBSC,the Kingdom'spioneeringdigitallending company.Hismissionisclear: democratizeaccesstofinancial resourceswhilesimplifyingtheuser experience.Inanindustryoften boggeddownbyoutdatedpractices, Fawaz’sinnovativeapproachleverages digitalplatformstostreamlineloan processes,makingfinancial managementmoreintuitivefor consumers.
Hisextensivebackgroundincludes leadershiprolesatglobalgiantslike OrascomTelecomandZain,wherehe excelledinsales,productdevelopment, andstrategicpartnerships.
Thiswealthofexperienceequipshim withauniqueperspectiveontheneeds ofbothconsumersandbusinesses, allowinghimtocraftsolutionsthat resonatewithtoday’sdigital-savvy clientele.
Fawaz’svisionextendsbeyondmere transactions;heaimstoenhance economicgrowthandstabilityby ensuringthatfinancialservicesarenot justaccessiblebutalsouser-friendly. AsheleadsFloossBahrainintothe future,heexemplifiestheinnovative spiritneededtobridgethegapbetween traditionalbankingandthedigitalage,
provingthatwiththerightleadership, financialempowermentiswithinreach foreveryone.
Here are the interview highlights: Canyoupleaseintroduceyourself andyourmotivationtoembarkon thissector?
IamFawazGhazal,aseasoned financialservicesprofessionalwith over22yearsofexperienceinthe industry.IamcurrentlytheCEOof FloossBahrainBSC,thefirstdigital lendingcompanyintheKingdomof
Building and coaching a high-caliber team ensures my ability to delegate tasks where I can focus more on growing the company and reduce the requirements for the CEO in daily operations, thus ensuring a healthy work-life balance in the long term. ‘ ‘ ‘ ‘
FawazGhazal CEO FLOOSSBAHRAINB.S.C.
Bahrain,whichaimstodemocratize financialservices.Iholdabachelor’s degreeincommunicationsand ElectronicEngineering,aswellasan MBAfromNYIT.
Beforethisrole,IhadservedasCEO ofPaymentInternationalEnterprise, whereIledthecompanytoobtaina licensefromtheCentralBank, launchedasaPaymentService ProviderintheKingdom,andsecured thefirstMasterCardissuerlicensefor anindependentissuer.
Ialsooversawthelaunchofthelargest QR-acquiringpaymentnetworkinthe Kingdom,aswellascustomized paymentsolutionsformorethan20
ministriesandauthorities,alltelecom operators(STC,Zain,Batelco,and cross-borderservices).
Couldyoupleasegiveabrief introductiontoyourcompanyand itsinceptionstory?
Floossisthefirstinstantregulated Sharia-compliantserviceinthe KingdomofBahrain,wherethe companychangedthegame. Customerscanapplyandgetfinancing from$260to$4000withinseconds! Withnopaperwork,rigidbanking conditions,Anytime,Anywhere:Your FinancingApplicationCanBeDone Anytime,Anywhere.Floosspromotes theconvenienceofdigitizingfinancial
servicesandreducingthetimeconsumingprocessesforcustomersfor asimpleexperience.Floossislicensed byCBBasafinancingcompanyandis intheprocessofexpandingtothe KingdomofSaudiArabia.
Whathasbeenthebiggestchallenge you'vefacedinyourroleasCEO, andhowdidyouovercomeit?
Themainchallengesatthelaunchof Floossweretheregulatoryobstacles. WeworkedwithEDBandCBBto issuenewrulesthatsupportdigital financingbylaunchingFloossfirstin Sandbox,thensecuringalicenseand launchingittotheBahrainmarketin 2023.Currently,weareawaitingfinal
licenseapprovalforKSA,whichwe expecttolaunchinQ12025.The secondchallengewasraisingequity anddebttoensurethecompany's abilitytomeetthehighdemandinthe market.Isuccessfullyraisedmorethan $17millioninequityanddebtby workingwithmultiplesourceslike familyoffices,banks,privateequity, VCs,andinvestmentbanks.
Howdoyoumaintainahealthy work-lifebalanceastheleaderofa company?
Buildingandcoachingahigh-caliber teamensuresmyabilitytodelegate taskssoIcanfocusmoreongrowing thecompanyandreducethe requirementsfortheCEOindaily operations,thusensuringahealthy work-lifebalanceinthelongterm. Additionally,Itrytotakeafamily vacationeverysixmonths,evenfora fewdays,torefresh.
Howdoyoufosterapositiveand productivecompanyculture,and whatroledoyouplayinshapingit?
It’sacontinuouseffortbytheCEOto buildaculturethatissafetofailbut alsodemandshighproductivityand creativitybyempoweringmembersof theteamtotestnewideasand supportingthemiftheyfailorsucceed. Thisensuresasafe,creative,and collaborativeenvironment.
Whatarethemostimportant qualitiesorskillsyoubelievea successfulCEOmustpossess?
• Buildingandcoachingleaders
• Buildapositive,creative,and safeenvironmentwheretheteam canflourish.
• Abilitytodrivenewbusiness linesandrevenue
Howdoyouapproachstrategic decision-making,andwhatfactors doyouconsiderwhenmaking criticalchoicesforthecompany?
Severalfactorscomeintoplay
• Value-drivenbythestrategic decisionandhowthatenhances theproduct'spositionorthe company'sabilitytocompetein themarket
• Capexandopeximpacts,along withfuturecashflows
• Allstakeholders's feedback—employees,customers, theboardofdirectors,and investors’aspirations
Inyourexperience,whatarethekey driversofinnovationandgrowth withinyourindustry?
Continuousproductinnovation,the abilitytorunmanyexperiments, customerfeedback,andthecourageto comequicklyfromfailureswhile double-downonsuccess.
Howdoyoustayinformedabout industrytrends,emerging technologies,andchangesinthe competitivelandscape?
• Readbooksandkeepupdating yourskills.
• Attendregionalandinternational conferencesandexhibitions.
• Readaboutcompetitors' successesandfailures.
Whatisyourleadershipstyle,and howdoyoumotivateandinspire yourteamtoachievethecompany's goals?
Leadingbyexample,Ifosterand challengetheteamforinnovationand takeonresponsibilityandresults.
Whatadvicewouldyougiveto aspiringentrepreneursorbusiness leaderslookingtofollowinyour footsteps?
Successisalongjourneyfullof learningandfailure;don’tstop learning;ensuretohavethebestteams around,anddon’tacceptmediocrity.
Whatisyourvisionforthefutureof yourcompany,andwhatstepsare youtakingtoensureitslong-term sustainabilityandgrowth?
Expandingbothourproducts,like embeddedfinance,withourpartnersin insurance,health,andtelecom,and expandingregionallyintheGCC,the MiddleEast,andinternationallyto serveallMuslimpopulations worldwide.
Alkannas
Withitsvitalfinancialprotectionagainst unforeseencatastropheslikesickness, accidents,andnaturaldisasters,insuranceplays avigorousroleintoday'shurriedworld.Throughinsurance, peopleandfamiliescanrecoverfromlargelosseswithout havingtoshoulderexcessivefinancialburdensbecausethe riskisdispersedthroughoutabroaderpool.
Byprovidingasafetynetagainstlife'suncertainties,people canpursuetheirgoalswithconfidenceandpromote economicgrowthandpersonalfinancialstability.
HussamA.Alkannas isaseasonedexecutiveandcreative leaderwithmorethan20yearsofexperiencenurturing innovationandsuccessintheinsuranceindustry Asthe CEOofoneofthetopinsurancecompanies,AlEtihad CooperativeInsurance Company,Alkannasactively createspioneeringgoodsandservicesthatprovide unparalleledsecurityandcomforttobothindividualsand companies.
Hissoliddedicationtoperfectionandhisabilitytoinspire high-achievingteamsarethecompany'smainsourcesof successandfurthersolidifythecompany'sstandingasa trustworthyriskmanagementpartner
Let's explore the key points from the interview:
Canyoupleaseintroduceyourselfandyourmotivation toembarkonthissector?
Withaneducationalbackgroundinbusinessandregulatory experienceinthefieldintheerawhentheSaudiinsurance regulatoryframeworkwasbeingformulated,Ifoundmyself
moreinterestedininsuranceandtheartofaccepting, transferring,mitigating,andbreakingdownrisksinto smallerandmoretolerablepieces.
MyeducationjourneystartedatKingSaudUniversity, whereIearnedmybachelor’sdegreeinbusiness administrationin1998,followedbyanMBAfromthe UniversityofSouthamptonin2004.
Havingspentmorethan14yearsofmycareeratthe InsuranceSupervisionDepartmentoftheSaudiArabian MonitoryAgency,Igotmorefascinatedbytheinsurance science,whichdrovemetoearnmyFellowshipofthe CharteredInsuranceInstituteoftheUK.
Iwascertainlydrivenbythehopeofgivingthenewly regulatedSaudiinsurancemarketatthetimemoreofwhatI could.
Couldyoupleasegiveabriefintroductiontoyour companyanditsinceptionstory?
AlEtihad’sheritagegoesbackto1983,whenagroupof seasonedandvisionarybusinessmendecidedtoputhands witheachothertoestablishaninsurancecompanythey calledTradeUnionInsuranceCompany,licensedtowrite allnonlifeinsurancelines.
Havingmettheirbusinessneedsandgainedtheirtrust,the wordspreadfast,andthecompanygainedmomentumasa professionalandtrustedinsurer,mostlyknowninthe EasternProvinceofSaudiArabiaandtheKingdomof Bahrain.
Thetimehascomesince2006whenSAMA,nowknownas theInsuranceAuthority,introducedthefirstSaudiInsurance ImplementingRegulations,whichresultedinthe transformationofthecompanytothecurrentpublic shareholdinglegalform.Sincethen,thecompanyhasgone throughaseriesofdevelopments,fromchangingthename toALETIHADtosuccessfullynavigatingthroughallthe turbulenttimestheSaudiinsurancemarkethasgone through.
Today,weareproudtohavesuccessfullycompletedfour roundsofprofitcapitalizationtodoublethepaid-upcapital sinceinceptionwithouthavingourshareholderssupportthe companywithanyadditionalfundsatanytime.Today,Al EtihadisaniconamongSaudiinsurancecompanies,known foritssolidfinancialpositionandsteadyfinancial performancerecord.
Whathasbeenthebiggestchallengeyou'vefacedin yourroleasCEO,andhowdidyouovercomeit?
BeingaCEOisallaboutchallenges;acasethat’snot challengingshouldn’tbewithaCEO!MytenureasaCEO hascertainlyshapedme,andIdon’tthinkit’sfairtosay onechallengewasbiggerthantheother;eachonehada differentaftertasteandadifferenttakeawaywithitsgoods andbads,butIcansurelyconfirmthatanychallenge becomeseasierwhenthere’sasupportiveboardandateam ofstrongandloyalplayers.
Howdoyoumaintainahealthywork-lifebalanceasthe leaderofacompany?
Work-lifebalanceisprobablythehurdlethatevery executivehasbeentryingtosolveforthelongesttime.I
thinkitallcomesdowntoyourambitionstoachieveyour dreamsandthevisionyou’recallingyourteamtobelieve in,anditgetsevenmorecomplicatedwhenyourteam becomesyourfamily Timeislimited,andeveryoneexpects moreofyou.Tobefair,youalsoexpectmorefrom everyone.IcanonlysaythatIdomybesttoquenchmy thirsttoachievemyambitionsforbothworkandpersonal life,andIshufflebetweenthemasneeded.
Howdoyoufosterapositiveandproductivecompany culture,andwhatroledoyouplayinshapingit?
Buildingtrust,integrity,andacommongoalareessentialto creatingapleasantandeffectiveworkplaceculture. Throughpromotingopencommunication,settingagood example,andmakingsurethateveryonefeelsincludedand appreciatedinthepursuitofoursharedobjectives,Iplaya significantpartinformingthisculture.
Whatarethemostimportantqualitiesorskillsyou believeasuccessfulCEOmustpossess?
Aboveall,honestyandtrustworthinessarethetwomost importantqualitiesanyhumanbeingshouldpossessto securepeople’sbuy-in.Mixthesewithleadingbyexample, andyou’llfindyourselfsurroundedbyastrongteamthat canovercomeanychallenge,implementanystrategy,and achieveanyvision.
Howdoyouapproachstrategicdecision-making,and whatfactorsdoyouconsiderwhenmakingcritical choicesforthecompany?
AsaCEOinchargeofstrategicdecision-making,Iam requiredtoevaluatemydecisionsandchoiceswearing multiplelensestoweightheinterestsofmultiple stakeholders:investors,employees,Employees,Customers, Society,andwithinregulatoryboundaries.
Inmyview,theoptimaloutcomeofyourdecisionsis alwayssomewhereinthemiddle,andIamcontinuously
aimingandfocusingtohitthereddotinthemiddle.Most importantly,itisimportanttocollectasmanyviewsas possibleandinformationabouttheprobableimpactonthe interestsofthosestakeholderswhenassessingthe soundnessofanystrategicdecision.
Inyourexperience,whatarethekeydriversof innovationandgrowthwithinyourindustry?
Technologyandautomationhavebeendevelopingrapidly inthepast5years;thedistanceisnowshorterforclients, expectationsarehigher,andentrybarrierstothemarket havebecomeeasierwithlowercosts.Insurancecompanies’ presenceusedtobemeasuredbythenumberofbranches theyhave,whichsupportedtheirreachandphysical presenceinacertaingeography;nowadays,thedigital presenceisquicklytakingoverthebrick-and-mortarmodel weknow.Tofurthercomprehendthemagnitudeofthis changeinSaudiArabiain2023,salesthroughdigital brokeragechannelsgrewby49%whiletraditional brokeragechannelsalesdeclinedby3%;furthermore,direct digitalsalesgrewby86%whiletraditionaldirectsales declinedby7%.
Computationpoweriscontinuouslydeveloping,andwithit, moresolutionsandmarkettrendsareemerging,andthe challengeistostayupforit.Thisrevolutiondidnotonly impactthesalessideoftheecosystem,butitalsoimpacted thewaybusinessisdone,thenumberofemployeesneeded tocompleteatransaction,andthelevelofexpertiseand skillsetyouneedinyouremployees.
Keepingupisanongoingstoryfromnowon,andthe economyissmartinthesensethatsupplywillalways followdemand,bothontheclientandemploymentsides. We’rethereandwillcontinuetoevolve.
Howdoyoustayinformedaboutindustrytrends, emergingtechnologies,andchangesinthecompetitive landscape?
IcanfairlysaythatCEOsoperatinginSaudiArabiaare luckytobepartoftheInsuranceAuthority'ssupervisory umbrella.Amongallinformativechannels,theIAis continuouslykeepingCEOsundertheirumbrellainformed aboutthelatestindustrytrends;infact,theycreatelocal trendsinmanycases.
Stayingclosetoourtechnologypartners,keepingour managementandstaffuptodatewithtrainings,and periodicmixingwithothermarketsallowsformorefresh
ideasandtrendobservationstobecirculatedamongthe company.
Whatisyourleadershipstyle,andhowdoyoumotivate andinspireyourteamtoachievethecompany'sgoals?
Strongbeliefinthevision,leadingbyexample, understandingfailures,andsharingthesuccess.There’sno onewayofdoingit,andthere’snoleaderwithonelevelof energy.Ioughttobeleftupandpushforward,butthere cometimeswhenIextendmyenergyfromtheteam;that’s thefruitofbuildingasolidteamwherevaluesbuiltontrust andhonestyaresharedandadopted.
Whatadvicewouldyougivetoaspiringentrepreneurs orbusinessleaderslookingtofollowinyourfootsteps?
Thereisnoonewayofdoingthings,andeveryhiccupisa stepclosertosuccess.Mostimportantly,don’tdoitforthe money.Moneyisanaturaloutcomeofcontinuous,smart, hardwork.
Whatisyourvisionforthefutureofyourcompany,and whatstepsareyoutakingtoensureitslong-term sustainabilityandgrowth?
OurvisionistocontinuethesuccessjourneyofAlEtihad, maintainitsprominentpositionamongthetopandpreferred insurersofSaudiArabia,andstrengthentheshareholders beliefinthisorganizationforhavingasolidfinancial positionandsteadyfinancialperformance.
AlEtihad’steamisallalignedwiththecompany’sstrategy, whichwasbuiltaroundfourmajorpillars:Digitization, Sales&Marketing,Reinsurance,andGovernance.Every pillarofthoseisbackedupwithadetailedactionplanthat aimstohavetheenhancementofeachpillarcompletethe other.Ittacklesdifferentanglesofoperational enhancements,fromlicensingnewlinesofbusinessto marketingstrategiestobuildingteamsaroundthem,anda lotmore.
Withourvision,strategy,andteam,we’reconfidentthata topfiveinsurerpositioninthecomingfiveyearsis attainable.
What Lessons Can We Learn from Leaders Who Excel at Simplifying I ues?
Theabilitytosimplifycomplex
issueshasbecomeahallmark ofeffectiveleadership.Leaders whoexcelatthisskillnotonlyenhance theirowneffectivenessbutalso empowertheirteamstoachievegreater clarityandfocus.
Imagineaworkplacewhereconfusion isreplacedbycleardirection,team membersfeelconfidentintheirtasks, andproductivityflourishes.Thisvision isnotjustadream;itisarealitythat canbeachievedthroughtheartof simplificationinleadership.
Leaderswhosimplifyissues understandthatcomplexitycanstifle creativityandhinderprogress.By breakingdownintricateproblemsinto manageableparts,theycreatean environmentwhereinnovationcan thrive.Forinstance,researchindicates thatorganizationswithclear,simplified
communicationstrategiesare25% moreproductivethanthosethatdonot prioritizeclarity.
Thisstatisticunderscorestheprofound impactthatsimplificationcanhaveon overallefficiencyandmoralewithin teams.Whenleaderscommunicate withsimplicity,theynotonlysetclear expectationsbutalsofosteracultureof transparencyandtrust.
ThePowerofClarity
Clarityisapowerfultoolinleadership. Whenleadersarticulatetheirvision andgoalsinstraightforwardterms, theyenabletheirteamstounderstand theirrolesandresponsibilitiesbetter Thisisparticularlyimportantintimes ofchangeoruncertainty,where ambiguitycanleadtoanxietyand disengagement.
AstudybytheHarvardBusiness Reviewfoundthatemployeesare30% morelikelytobeengagedwhenthey receiveclearandconcise communicationfromtheirleaders.This engagementtranslatesintohigher productivityandbetterjobsatisfaction.
Leaderswhoexcelatsimplifying issuesalsoprioritizetheeliminationof unnecessarytasksandprocesses.By streamliningoperations,theynotonly enhanceefficiencybutalsoreduce stressamongteammembers.For example,organizationsthatadoptlean managementprinciples,whichfocus onminimizingwasteandmaximizing value,canseeproductivityincreasesof upto50%.Thisapproachnotonly benefitstheorganizationbutalso createsamorefulfillingwork environmentforemployees,whocan focusonwhattrulymattersratherthan gettingboggeddownbybureaucratic redtape.
EncouragingEmpowerment
Empowermentisanothercriticallesson
fromleaderswhosimplifycomplex issues.Bydelegatingresponsibilities andencouragingteammemberstotake ownershipoftheirwork,leaderscreate asenseofautonomythatfosters innovation.Whenemployeesfeel empowered,theyaremorelikelyto contributeideasandsolutions,leading toamoredynamicandcreative workplace.AccordingtoGallup, organizationsthatfosteremployee empowermentexperience21%higher profitabilityand17%higher productivity
communication,encouragingteam memberstosharetheirthoughtsand suggestions.Thisfeedbackloopnot onlyhelpsleadersidentifypotential obstaclesbutalsoempowers employeestocontributetothe decision-makingprocess.Astudyby Deloittefoundthatorganizationsthat prioritizefeedbackandcommunication experience14.9%lowerturnoverrates, highlightingtheimportanceofa supportiveandcommunicativework environment.
Furthermore,leaderswhosimplify issuesoftencultivateacultureof collaboration.Bybreakingdownsilos andencouragingcross-functional teamwork,theyenablediverse perspectivestocometogethertosolve problems.Thiscollaborativeapproach notonlyleadstomoreinnovative solutionsbutalsostrengthens relationshipsamongteammembers.A studybyMcKinseyfoundthat organizationswithhighlevelsof collaborationarefivetimesmorelikely tobehigh-performingthanthosewith lowcollaborationlevels.
TheImportanceofListening
Listeningisafundamentalaspectof simplifyingissuesinleadership. Effectiveleaderstakethetimeto understandtheconcernsandchallenges facedbytheirteams.Byactively listening,theycanidentifyareasof complexitythatmaynotbe immediatelyapparent.Thisinsight allowsthemtoaddressissues proactivelyandcreatesolutionsthat resonatewiththeirteams.Research showsthatleaderswhopracticeactive listeningareperceivedasmore trustworthyandapproachable,leading tostrongerteamdynamicsand enhancedperformance.
Moreover,leaderswhosimplifyissues recognizetheimportanceoffeedback. Theycreatechannelsforopen
Thelessonslearnedfromleaderswho excelatsimplifyingissuesare invaluableintoday’scomplexbusiness landscape.Byprioritizingclarity, empowerment,collaboration,and activelistening,leaderscancreatea culturethatthrivesonsimplicityand effectiveness.Asorganizations continuetonavigatechallengesand uncertainties,theabilitytosimplify complexissueswillremainacritical skillforleadersatalllevels. Embracingthisapproachnotonly enhancesindividualandteam performancebutalsofostersamore engagedandmotivatedworkforce, ultimatelydrivingsuccessinaneverevolvingworld.
Subscription CIO
Why Managed IT Services Are Essential for Scaling Startups and SMEs?
Startupsandsmalltomedium
enterprises(SMEs)encounter uniquechallengesastheystrive toscaleandremaincompetitiveina rapidlyevolvingbusinesslandscape. Oneofthemostcriticalfactors influencinggrowthisrobustIT support.Thispostexploreswhy adoptingmanagedITservicesis essentialforthesebusinesses,ensuring theyhavethetechnologicalbackbone necessaryforsuccess.
ManagedITservicesinvolve outsourcingITmanagementand supporttothird-partyproviders.This approachnotonlystreamlines operationsbutalsoallowsbusinesses tostayagileinacompetitive landscape,enablingthemtofocuson whattheydobest—growingtheir business.
TheRoleofITinScalingStartups andSMEs
ImportanceofRobustIT Infrastructure
AreliableITinfrastructureisthe backboneofanybusinessoperation,
particularlyforstartupsandSMEs experiencingrapidgrowth.Asthese companiesexpand,theirITneeds evolve.Theyrequiresystemsthatcan handleincreasedworkloads,support collaboration,andmaintainhighlevels ofefficiency.
CommonITChallengesDuring Scaling
However,asbusinessesgrow,they oftenencounterseveralIT-related challenges.Limitedresourcescan hindertheabilitytoinvestinnecessary technology.Growingdataneedscan overwhelmexistingsystems,whilethe riskofcybersecuritythreatsincreases significantly Addressingthese challengeshead-oniscrucialfor sustainablegrowth.
WhatareManagedITServices?
ManagedITservicesinvolve entrustingathird-partyproviderwith themanagementofacompany’sIT needs.Thisarrangementallows businessestooffloadroutineITtasks, suchasnetworkmonitoring,software updates,andcybersecuritymeasures,
toexpertsinthefield.Bydoingso, internalresourcescanbefreedupto focusonstrategicinitiativesthatdrive growth.
BenefitsofManagedITServicesfor StartupsandSMEs
Cost-EffectiveITSolutions
Oneofthemostcompellingreasonsto adoptmanagedITservicesisthecosteffectivenesstheyoffer Theseservices providepredictable,scalablecosts, eliminatingtheburdenofheavy upfrontinvestmentsinIT infrastructure.Thisfinancialflexibility isparticularlybeneficialforstartups andSMEsoperatingontightbudgets.
AccesstoExpertiseandLatest Technologies
ManagedITservicesgrantstartupsand SMEsaccesstoawealthofexpertise andcutting-edgetechnologieswithout theneedtohirealargeinternalIT team.Providersoftenhavespecialists invariousfields,ensuringthat businessesreceivehigh-qualitysupport tailoredtotheiruniqueneeds.
EnhancedCybersecurity
Inanagewherecyberthreatsare rampant,theimportanceofrobust cybersecuritycannotbeoverstated. ManagedITservicesproactively monitorsystemsandimplement securitymeasures,safeguarding businessesagainstpotentialbreaches andensuringdataintegrity
FocusonCoreBusinessFunctions
ByoutsourcingITmanagement, startupsandSMEscanconcentrateon theircoreoperationsandgrowth strategiesratherthangettingbogged downbytechnicalissues.Thisfocus canleadtoincreasedproductivityand innovation.
ScalabilityandFlexibilityof ManagedITServices
SupportingBusinessGrowth
ManagedITservicesareinherently scalable,makingthemidealfor businessesthatanticipategrowth. Providerscaneasilyadjusttheir offeringstoaccommodateincreased demands,ensuringthatIT infrastructuregrowsalongsidethe business.
CloudSolutionsforSeamless Expansion
Cloudservicesareakeycomponentof managedITofferings,providing companieswiththeabilitytoadd resourcesandcapabilitiesasneeded. Thisflexibilityallowsbusinessesto expandwithoutdisruptions,ensuringa smoothtransitionduringgrowth phases.
ManagedITServicesandBusiness Continuity
DisasterRecoveryandDataBackup
Havingdisasterrecoverysolutionsin placeiscriticalformaintaining businesscontinuityduringITfailures orcyberattacks.ManagedITservices oftenincluderobustbackupand recoveryplans,ensuringthat businessescanquicklyrecoverfrom unexpecteddisruptions.
MinimizingDowntime
Proactivemonitoringandrapidissue resolutionprovidedbymanagedIT servicescansignificantlyminimize downtime.Keepingoperationsrunning smoothlyisessentialformaintaining productivityandcustomersatisfaction.
ChoosingtheRightManagedIT ServiceProvider
KeyConsiderations
WhenselectingamanagedITservice provider,severalkeyconsiderations comeintoplay.Evaluatetheirexpertise inyourindustry,securityprotocols, andscalabilityoptions.Agood providerwillalignwithyourbusiness goalsandbeadaptabletoyour evolvingneeds.
Conclusion
ManagedITservicesarevitalfor startupsandSMEslookingtoscale successfully.Theyprovidecosteffectivesolutions,accesstoexpertise, enhancedcybersecurity,andthe flexibilitytogrow.Byconsidering managedITservices,businessescan ensureseamlessscalingandpavethe wayforlong-termsuccess.Nowisthe timetoembracetheseservicesand focusonwhattrulymatters:your businessgrowth.
The only limit to our realization of tomorrow will be our doubts of today. , ,
- Franklin D. Roosevelt
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