Sustainable Leadership for Quality Management Essay Example

is marked as a challenging year for Emaar since it started in 1997. According to report, 2007 caused this reputable financial institution to decline due to the US sub-prime crisis, which was expected to continue due to recession. Yet, in general, its financial performance achieved higher profit by three percent despite lower land sales of the US real-estate sector in that year. The company that focused on business segmentation and international expansion, its increase by 25 percent to AED 17.

566 billion is due to the strategy of creating significant value for their shareholders. The company actually increased the net asset value and fair value of the land, real estate properties, and market value of associates by 46 percent (Summary of Annual Report, 2007).. In that same year, Emaar has invested AED 18 billion in their international business excluding United States, which reported to launch 2,456.

Likewise, its properties in Dubai – the Dubai Mall and Dubai Marina Mall have a combined asset value of nine billion. It has also opened three hotels in Dubai with an asset portfolio of AED 3.

5 billion not to mention its properties in Singapore and others from 36 countries around the world. Center on the financial objectives of the company, management has initiated the program for risk management in order to reinforce Emaar and to safeguard it from possible risks and uncontrollable risks. It is a team under the Audit Committee that establishes guidelines for that purpose (Annual Report 2007).

Again, as envisioned of having quality management, the management is dedicated on providing value to their shareholders, which in turn, giving value to their customers.