Financial Risk Management in SMEs in Dubai a study on a contracting company based in Dubai

ABSTRACT

The topic of management of financial perils and risk for small & medium enterprises (SMEs) was largely limited in the business literature. This research aimed to study the present state of management of financial management in Dubai’s small & medium enterprises. In the commercial and economic development, expansion, and growth of Dubai, small & medium enterprises (SMEs) are key. Nevertheless, only in a risk-free operating environment can this be possible. This study looks at the relation between Dubai’s financial risk and SME sustainability. A series of risks are facing SMEs which require objective and conscious efforts to manage risks. A financial risk management evaluation of an organization was developed, resulting from an analysis of the semi-structured questionnaire survey, which was assisted by a research interview. SME entrepreneurs were recommended to treat management of risk as an integral segment of corporate governance. Regulators should also focus on minimum standards for SME corporate governance.
Keywords— Financial Risk Management, SME, contracting company

Disruptive consumption patterns revolutionizing online and contactless food deliveries mechanism amidst covid-19 virus.

An empirical study examining food portal efficiencies in fine dining restaurants in the United Arab Emirates.

ABSTRACT

The devastating impact of the pandemic on the foodservice industry, especially fine dining, has left outlets to succumb, with no hope of reopening again, and those few with a will to survive are doing whatever it takes to bring their products to home-bound consumers. This study examines the efficiencies of variables that shape online food portals and delivery mechanisms adopted by fine dining restaurants in the United Arab Emirates (UAE), which formerly relied upon experiences offered in-house, but due to the nature of this highly contagious virus, restrictions and guidelines imposed by the UAE government, the fine dining restaurants are forced to shift their products and services online and home deliveries. Driven by technology and the internet, the key enablers of the strategic transition to online ordering and home deliveries include food quality, home delivery efficiencies, and value creation. By means of surveys on 51 respondents and interviews of 4 fine dining restaurants, the paper outlines the limitations and challenges of online food portals. It studies the effects of lack of ‘personalization’ in consumer dining experiences and UAE consumers are given an opportunity to voice their perception of the value of online fine dining products and services. Findings expose the substantial optimistic correlation between the quality of food and home delivery efficiencies in addition to a considerable positive relationship revealed between value creation and customer satisfaction. Moreover, these significant affirmative relations were shown to drive revenue, generate profits, and promote growth of the fine dining online and home delivery division. Overall, the study provides fine dining restaurants in UAE useful comprehensions for running an online food ordering system effectively amidst and post-pandemic. The study proposes a well-strategized hybrid model and can fully cater to and satisfy both online and offline consumers as the culture of virtual shopping and experiences will not vanish even after the virus has been successfully conquered.

Keywords— the pandemic, fine dining, food quality, home delivery, value creation, online portals

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