ruler of Dubai (born 1949)
Mohammed bin Rashid al-Maktoum (Arabic (محمد بن راشد آل مكتوم) (honorifically referred to as Sheikh Mohammed) (born 1949-07-22) is the Prime Minister and Vice President of the United Arab Emirates and is the ruler of Dubai.
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When a leader fails to delegate, he will find himself embroiled in so much detail that it will eventually overwhelm him and distract him from his primary task (developing the business of the company and finding innovative solutions to its problems) to such an extent that he will eventually lose sight of the bigger picture.
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The elements of a true leader’s vision A true leader’s vision should target specific interests and answer important questions, such as: 1. What is the country’s interest in this vision? What is the interest of its society and business community? Who will benefit from it and how? In what way will it promote development and enhance the achievements that have already resulted from previous visions? 2. Is the vision based upon specific plans or is it going to be implemented randomly, without any link between its different phases? 3. Is it realistic and feasible or is it a wild vision that no amount of financial and human resources are capable of realizing? For example, giant residential and tourist complexes such as The Palm29 and The World30 islands may require huge resources that many countries cannot afford. While they may be feasible in the UAE, it would be impossible to build them in a number of other places. 4. What is the ideal time to propose the vision? 5. What is the best way to implement it? 6. Is the executive team ready? Who are its members and where will we acquire the high-calibre skills necessary? 7. How will the implementation of the vision be financed? 8. How will we convince investors to finance the project? 9. How will we market the finished product and what is the target market? Where and when?
We, in the UAE, have no such word as “impossible”; it does not exist in our lexicon. Such a word is used by the lazy and the weak, who fear challenges and progress. When one doubts his potential and capabilities as well as his confidence, he will lose the compass that leads him to success and excellence, thus failing to achieve his goal. I require you, youth, to insist on number one.