How To Become A CEO?

Emotional intelligence in project management Emotional intelligence (EI) plays a crucial role in project management, perhaps even more so than technical skills in many cases.

Effective Communication: Project management involves constant communication with team members, stakeholders, and clients. High EI enables project managers to communicate effectively, listen actively, and convey their messages clearly, which helps in resolving conflicts, managing expectations, and building rapport.

Conflict Resolution: Conflicts are inevitable in projects due to differing opinions, priorities, and objectives. Emotionally intelligent project managers can navigate conflicts constructively by understanding the underlying emotions, managing their own emotions, and empathizing with the perspectives of others. This leads to quicker resolution and maintains positive relationships within the team.

Team Building: Building and leading a successful project team requires more than just technical skills. EI allows project managers to create a positive work environment, foster trust among team members, and motivate them to perform at their best.

Adaptability and Resilience: Projects often face unexpected challenges, setbacks, and changes. Emotionally intelligent project managers are adaptable and resilient, able to manage stress, stay calm under pressure, and quickly pivot when necessary.

Stakeholder Management: Project success depends not only on meeting technical requirements but also on satisfying the needs and expectations of various stakeholders. EI enables project managers to understand stakeholders' perspectives, anticipate their concerns, and manage relationships effectively, ultimately leading to greater stakeholder satisfaction and support

Decision Making: Emotionally intelligent project managers are adept at making decisions that balance rational analysis with empathy and intuition. They consider the impact on all stakeholders, weigh alternatives objectively, and are not swayed by personal biases or emotions, resulting in better decisions for the project.

Influence and Leadership: Leadership is a fundamental aspect of project management, and EI is closely tied to effective leadership. Emotionally intelligent leaders inspire and influence others through their authenticity, empathy, and ability to connect on a human level, rallying the team around a common vision and purpose. In essence, emotional intelligence is the foundation upon which successful project management is built. While technical skills and knowledge are essential, it's the ability to understand and manage emotions, both within oneself and in others, that truly sets exceptional project managers apart.

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Savills report: Riyadh projected amongst top 15 fastest-growing cities by 2033

Riyadh is projected to be among the top 15 fastest-growing cities by 2033, reflecting its rapid economic development and urban expansion. The city's growth is driven by significant investments in infrastructure, housing, and various mega-projects aligned with Saudi Arabia's Vision 2030. This ambitious plan aims to diversify the economy, reduce reliance on oil, and transform Riyadh into a global metropolis with a focus on sustainability, culture, and technology.

Key factors contributing to Riyadh's growth include the development of new urban areas, enhanced transportation networks, and the creation of cultural and recreational spaces like King Salman Park. The city is also becoming a hub for business and innovation, attracting international companies and talent.

As Riyadh continues to expand, it will play a crucial role in Saudi Arabia's overall economic and social transformation, positioning itself as a leading city not only in the region but on a global scale.

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How to Pick Your Investing Strategies in 2022 | Can You Patent an Investment Strategy?

How to Pick Your Investing Strategies in 2022 | Can You Patent an Investment Strategy?

Hey Readers, Social Investor’s here and we welcome you all to another interesting lecture which is on How to Pick your Investing Strategies. Now, whenever I use the word strategy, many people actually get confused as to what is the exact difference between a goal and a strategy. So, in simple words, if you want to understand, let’s say this is my goal it’s like a manzil, that’s like my…

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Reimagining Product Innovation with a Smart Asset Finance Software

We are witnessing a paradigm shift in the asset finance industry, a shift from traditional finance and leasing to delivering a more customer-centric holistic digital experience. Customers today want the ease and convenience of doing business on a channel and medium of their choice, and your employees need a platform to collaborate and add value to the business, irrespective of their physical location. 

Lessors today recognize that to survive in this digital age they need to constantly re-invent and become a more agile and smarter version of themselves. Your asset finance business needs to go beyond the restrictions and rigidity of legacy systems that are impacting your business growth. From application development to business operations- speed, efficiency, and scalability have become the cornerstones for success today. But while this leads to the belief that rethinking the technology landscape is an existential imperative, simply upgrading the “as-is” business via a new software suite or product is not enough.

To understand how asset finance leaders envision the future, how they plan to build for it, and what capabilities they need to be able to do so, we brought together a panel of industry experts, leaders and solution providers in a two-part webinar ( To watch webinar click here). As a part of the webinar, we also asked industry leaders strategies on adapting to this digital revolution. Read to find what your peers think are the top capabilities that a smart asset finance software should be able to essentially deliver.

1.     The Shift to Consumption-friendly Pricing

The current shift toward more agile and flexible business models are pushing Lessors to build new products and services. Lessees today want to have the flexibility of paying only for what they consume and avoid getting into significant upfront capital investments. Under-utilized assets may come out cheaper for customers when compared with conventional leasing.

From an economic perspective, it means that lessors now will have to find ways to predict asset usage to set their price accordingly. This is because, with consumption-based leasing, it is difficult to predict what portion of the fixed expenses such as tax, insurance and asset depreciation should get allocated to every customer. 

Needless to say, that this culture of product servitization is difficult to drive with manual or legacy systems. As these consumption models change the form, lessors will be left asking themselves – how

do we build core systems that provide enough flexibility and enables us to make corresponding changes as these newer consumption models develop and mature. 

A smart asset finance software will provide a coherent platform ecosystem that helps you to build stability for your core business operations today while provisioning for iterations and incremental changes in the future without upsetting the entire tech stack. A centralized, platform-based approach will streamline your current operations, provide a granular level view across all stages of a customer’s end-to-end journey so that you can monitor, measure and build transparent pricing models. 

2.       The Rise of the Low-code Platform

 Gartner forecasts low code to increase its share in application development activity to 65%, with three-quarters of large enterprises running on multiple low-code development tools by 2024. Low- code development platforms provide organizations with the much-needed agility and speed that have become the cornerstone of modern-day app development. 

Conventional legacy systems were never built for the kind of changes, speed and flexibility that the market demands today. These monolithic systems are closely interlinked and hence, changes to a single component can impact the functioning of the whole system. This pushes organizations into a vicious cycle of development, tests and fixes, eating into precious time, efforts and resources. 

A framework-based low code environment enables developers to leverage an existing set of codes, behavioural and structural models, and pre-built modules in the development environment. This allows for more automation in the development and testing process, faster development and

delivery, and lesser requirements for resources, skill sets and engineering efforts.  

The right asset finance software is designed as a rich technical ecosystem built on top of the underlying framework so that changes made to functional modules don’t upset the core structure. The pre-built system components and the underlying power of the framework enable lessors to configure and customize application on-demand, extend or build new applications, and make quick changes. 

3.  Adapt, Accelerate, Scale

With more than 60% of the respondents choosing a faster time to market and scalability as some of the biggest business priorities, it is evident that the rigid, obsolete legacy systems are going to be inadequate to meet the demands of the future. An intelligent asset finance software will help transform how you operate, speed up policy implementation and decision making while maintaining strong compliance.

Conventionally, business processes have mostly been built keeping an inward view of a company’s operations- concentrating on optimizing and automating core transactional processes and systems like accounts payable/receivable, order management, procurement etc. However, an architecture that enables companies to perpetually evolve their businesses cannot focus only on the journey that customers use in purchasing their offerings. Many asset finance companies are looking at transforming to an outward view focused on the customer experience online and offline and an IT architecture that reflects a larger journey. 

Technology lies at the heart of this transformation- an agile IT ecosystem that can provide end-to- end asset-based functionalities, data intelligence and extensibility in one seamless platform to bring value across all dimensions of the leasing business. By standardizing and digitizing, companies can remove friction from processes and the time and effort taken in tedious, manual paperwork. By leveraging the power of mobility and APIs and portals, companies can deliver a superlative customer experience- by facilitating transactions from anywhere, at any time. Be a customer who wants to apply for a new lease or a vendor who wants to reduce the time to funding, it’s all down to the ease of the digital experience.

4.    Data is the New Oil

Traditional asset finance organizations are realizing that advanced analytics can enable them to make better decisions quickly and consistently. By embracing data intelligence and analytics at multiple points across the asset-management value chain, asset finance leaders can transform business efficiency, from providing valuable insights to customers and help them make better investment decisions to drive changes in the middle- and back-office productivity internally. 

However, to be able to leverage the power of data, the most critical step in addressing the problems of the source data. Data stored in legacy systems, siloes or spreadsheets are poorly documented and formatted and are difficult to collate and integrate. For any data intelligence strategy to work, it is important that there is a seamless flow of business data generated across all business and third- party applications, with minimal manual intervention, and that the data is centrally located and accessible to all in easy to understand formats.  

Companies can then use this granular data to build pay-per-use models or leverage visualization tools to generate reports for critical business insights. 

 How Odessa’s asset finance software can help you

Over the last two decades, product innovation at every stage has been guided by us asking ourselves the following questions

·       How do we enable our customers to scale their business and operations on demand?

·       How do we help our customers deliver seamless digital experiences to their stakeholders?

·       How do we empower our users with insights through real-time data analysis?

We knew that to counter these challenges, most businesses would conventionally have to opt for multiple product-based solutions, all bolted on top of each other and creating a complex

environment that is rigid and difficult to scale.  

To solve this we extracted the core technology framework and put it down as the foundation layer. The basic technology framework provides a robust functional core build to global standards. On top of this foundation, we build our functional layer which hosts all our products, functionalities, and the business logic and rules. The topmost layer is a highly user-friendly and intuitive UI that allows for

integration and customization unique to your business.  

The Odessa Core platform is an asset-based, cloud native, end to end management platform that can streamline your business operations, build a centralized database and provide the right platform for your teams to collaborate- saving cost, time and resources and making your business more efficient. By choosing to host your infra on the cloud you can leverage the scalability, agility and cost-

effectiveness of the cloud. 

Odessa tightly integrates with a host of complementary surround capabilities for and a comprehensive digital transformation experience. Odessa Build and DevOps enable companies can

integrate their core platform with third-party applications or build, extend apps and workflows easily without any hassle. Various enablement portals make it easy for the customers and partners communities to do business with your organization. A low-code development platform for applications, mobility, data intelligence and analytics services are some features that cater to all dimensions of a leasing enterprise across captives, large customers, mid-size enterprises.

 We are not just another asset finance software. We are a smarter asset finance software. Contact Odessa to learn more.

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It is important to minimize the negative impact of unintended bias in searching for talented workers.

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Organizational culture

Organizational culture is the way in which employees interact with one another and the company's overall operations. It can have a significant effect on how employees feel about their jobs and the company as a whole. In a startup company, organizational culture is especially important because there is often a high level of uncertainty and flux. A positive organizational culture can help employees feel supported and encourage them to take risks. A negative organizational culture can lead to tension and conflict.

To create an effective organizational culture, startups need to create a sense of community. They should also make sure that their policies and procedures are consistent with their cultural values. Finally, they must ensure that all employees know about and support the company's goals.

New Murabba Case Study: Urban Transformation in Riyadh

Overview: The New Murabba Project, led by Saudi Arabia's Public Investment Fund (PIF), is a key part of Vision 2030, transforming Riyadh into a world-leading city with a massive modern downtown.

Key Components:

Mukaab Landmark:

Design: A 400-meter cube structure housing a museum, university, theatre, and over 80 entertainment venues.

Urban Planning:

Development: 104,000 residential units, 9,000 hotel rooms, and 980,000 square meters of retail space.

Green Spaces: A 3.2 million square meter park.

Transportation: Integrated public transport network.

Sustainability and Innovation:

Energy Efficiency: Sustainable building practices and energy-efficient technologies.

Smart City Features: Implementation of smart infrastructure.

Public–Private Partnerships (PPPs): The project highlights the role of PPPs in

urban transformation:

Investment and Funding:

Public Investment Fund: Primary investor attracting private sector investments.

Collaboration with International Firms:

Design and Construction: Partnerships with global firms for world-class standards.

Technology: Integrating smart city solutions.

Economic Impact:

Job Creation: Significant job opportunities during construction and ongoing operations.

Tourism and Commerce: Boosting the local economy and Riyadh's global standing.

Challenges:

- Project Management: Ensuring timely completion with robust management.

- Sustainability: Balancing urbanization with environmental impact.

- Community Engagement: Involving local communities and stakeholders.

Conclusion: The New Murabba Project exemplifies the power of PPPs in urban development, integrating cultural, commercial, and residential elements with sustainability and technology to create a vibrant, future-ready urban center in Riyadh.

#KhalidAlbeshri #خالدالبشري

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Real Estate Development in Saudi Arabia: A Thriving Sector

Saudi Arabia has been witnessing a remarkable boom in its real estate sector in recent years. The government's efforts to diversify the economy and attract foreign investments have played a significant role in the rapid development of the industry. With a growing population, increasing urbanization, and a strong demand for housing, the real estate market in Saudi Arabia has become one of the most lucrative sectors for investors.

The Kingdom has implemented various initiatives and reforms to stimulate the real estate market. Vision 2030, a comprehensive plan to transform the Saudi economy, has placed a strong emphasis on developing the housing sector to meet the needs of the growing population. The plan aims to increase the rate of homeownership to 70% by 2030, which has led to a surge in construction activities and infrastructure development.

One of the key drivers of the real estate sector in Saudi Arabia is the increasing foreign investment. The government has introduced several policies to attract foreign investors, such as allowing full ownership of real estate properties in certain areas and offering incentives and tax breaks. This has resulted in a significant influx of foreign capital into the market, leading to the development of mega projects and luxurious residential communities.

Furthermore, the government has also focused on developing affordable housing solutions to cater to the needs of low-income individuals and families. Initiatives like the Sakani program have been launched to provide affordable housing units and financial support to eligible citizens. This has not only addressed the housing shortage but has also created employment opportunities and boosted the economy.

The real estate development in Saudi Arabia is not limited to residential properties. The commercial and retail sectors have also witnessed significant growth, with the construction of modern office spaces, shopping malls, and entertainment centers. The Kingdom's ambitious plans to develop tourism and entertainment sectors have further fueled the demand for commercial properties.

In conclusion, the real estate sector in Saudi Arabia is experiencing a period of rapid growth and development. The government's initiatives, foreign investments, and the focus on affordable housing have contributed to the flourishing market. With the continuous efforts to diversify the economy and attract more investments, the real estate sector is poised to play a crucial role in the Kingdom's economic transformation.

HOW TO DETECT BIAS

But I think the place to do it. But we didn’t invent that idea: it’s just a slightly more concentrated form of existing Valley culture. Growth will slow, partly due to internal limits and partly because startups early on need frequent feedback from their users to tweak what they’re doing, it’s better to have half their attention focused on the product than the full attention of investors who weren’t local. Actually, I’ve noticed this too. When I go to a talk is the closest most of us can get to having a large random component in their reputations. That’s one source of ideas than the theory of computation. If you’re not omniscient, you just can’t believe the date on the label is right. To them the thought of what a programming language in this sense doubly valuable to acquirers, acquirers will often pay more than an outline of what you want to make money, but it is possible to launch too fast. Startups generally need to raise. But for obvious reasons no one wanted to give that answer.

These too are engaging in the wrong city for developing software. Big companies want to buy an MP3 player, you’ll probably feel like running tomorrow. If you want to do research as a career. Be conservative. Those are both good things to be. To the extent there’s a secret to success, it’s not saying much that America is the perfect place for startups. Closer to fraudulent. If I could get people to remember just one quote about programming, it would have died anyway. A lot of the advances that happen in programming languages in the next sentence you’ll actually explain what you’ve made more effectively than any verbal description.

But in retrospect, something was happening: the web was finding its natural angle of repose. I’ll tell you how. This is a good thing eBay bought Paypal, for example, or because the investors were obtuse? So it’s not surprising that so many famous speakers are described as motivational speakers. How many little startups are Google and Yahoo going to buy you isn’t. I suspect they unconsciously frame it as how to make something for teenagers or business users or some other group that doesn’t include you, it tends to be done by collaborators. That sounds like a paradox, but a difference in degree, but a famous speaker. If that weren’t bad enough, these wildly fluctuating nodes are all linked together.

Part of the reason it happens is that the IPO market is gone. There have never been swarms of beggars in the streets of American cities. They ask whatever it is eventually. Of course, hackers have to know that growth is what starting a startup: a founder quits, you discover a patent that covers what you’re doing. It just means doing things you don’t want to have a toplevel to be convenient, and mandatory type declarations are incompatible with a toplevel, then no language that makes type declarations mandatory could be convenient to program in college was all wrong. It’s easy to convince investors there will be demand for a cheaper alternative to something popular, if you preserve the qualities that made it look like it had syntax. You sense there is something grand about that. You can see that from the start, like the idea of starting their own company.