Z-Corp celebrates completion of seventh module of executive leadership development programme
Sunday, June 3, 2018

Fulfilling its strategic vision to equip and empower top-performing managers to shoulder management roles, the Zubair Corporation (Z-Corp) has successfully completed seven out of the eight modules of the Executive Leadership Development Programme (ELDP).

A closing event, held to celebrate seventh module of ELDP which focused on ‘business continuity and risk management’, was attended by Hani Mohammed Al Zubair, Executive Director, The Zubair Corporation, Senior management team of Z-Corp, representatives of consultancy firm [Sia Partners] and ELDP participants were also present at the event.

Being a fervent participant in the national agenda to develop human capital, Z-Corp had launched the world’s leading leadership development course two years ago. Designed to help the Zubair Corporation with better workforce career planning, ELDP is an initiative aimed at developing high calibre employees of Z-Corp as part of the group’s talent management programme initiative SEED. Through this programme which is only common among the best corporations in the world, Z-Corp has set a new standard for corporate leadership development in the Sultanate.

A presentation on the progress of the programme, achievements of ELDP participants during the seventh module and a video address by Alexander Larsen, the president of Baldwin Global, a risk management consulting enterprise, who conducted the seventh module, was part of the closing ceremony.

The seventh module centred on the principles, practices, processes, and applications of risk management in the context of strategy. It enabled participants to identify best solutions to mitigate risks and ensure business continuity. The module covered several aspects such as risk culture, risk management framework, enterprise risk management, risk assessment and identification, risk analysis and evaluation, risk mitigation plans and control mechanisms, risk responses and risk treatment, and how to introduce business continuity management to the organisation. The content for the seventh module was certified by the Institute of Leadership and Management (ILM) and developed based on international standards. The module session, was interactive, highlighted the leading practices in the market and how to manage risk specifically considering the current market situation.

Expressing satisfaction over the progress of the programme, Hani Mohammed Al Zubair said, “While ELDP has been strengthening the critical business competencies of our talented staff, the seventh module chose the important topic of business continuity and risk management. The participants gathered knowledge, skills and tools needed to systematically manage risk. The trainers educated participants on a streamlined approach to manage risk; provided them practical tools for better performance; and taught them appropriate actions to ensure sustained business continuity. They now have been equipped with the capabilities to successfully identify and respond to business risk and ensure the organisation’s capability.”

He added, “Since prioritising skills development is a key strategy for Oman’s economic competitiveness and growth, Z-Corp is thrilled to be accomplishing the objectives of the national agenda to develop human capital. Z-Corp is firmly committed to developing a strong human capital foundation by adopting effective HR practices. Over the years the organisation has taken up many initiatives like ELDP to train and develop Omanis. We will continue with this strategic approach towards strengthening competencies of Omani employees.”

Mr. Carlos, partner representing Sia Partners, an international management consulting firm said, “We have seen incredible commitment of Z-Corp’s top management with regards to growing its talents. This is representative of an organisation that seeks to be a trailblazer. When it comes to talent development, Z-Corp is a role model, not only in Oman but in the region. The group is achieving its objective of elevating the competencies of its talents and preparing them for future leadership position.”

Speaking of his experience of conducting the seventh module, Professor Alexander Larsen, professional consultant, certified fellow of the Institute of Risk Management said, “I really enjoyed conducting the three-days training programme for all the participants. It is very impressive that the Zubair group decided to include risk management as a subject and as key focus for future leaders. Very few organisations take that risk to dig deep into risk management, therefore I was very pleased with the management taking risk management so seriously.”

Stressing that seventh module was an intensive session, Larsen said, “Not everyone has the luxury of being exposed to such exhaustive training. A lot of people are unfamiliar with risk management, so I think it is the responsibility of participants who benefited from the session to go out there, share and help develop the understanding of the subject in order to embed the concept of risk management across their organisation. If we are serious about implementing risk management properly we should be communicating and leading by example in terms of how we are doing risk management. I truly believe risk management supports organisations in meeting their objectives. Every organisation should be undertaking risk management not as a separate exercise but as part of everyday decision making.”

Congratulating the ELDP participants Larsen said, “I really enjoyed reading the participants answers to the questions that was provided in the final assignment. It really showed that they understood risk management, understood the importance of culture and understood the importance of capturing the risks correctly.  It's important to try to build a risk culture, work together across the organisation and support the organisation in identifying risk and managing it.”

The event concluded with the distribution of certificates for the ELDP talents who have successfully completed the seventh module.

The ELDP is a holistic, rotational two years programme designed to equip participants with hands-on experience in different key roles across Z-Corp. The ELDP consists of several modules, covering a broad aspect of leadership subjects including, strategy, innovation, leadership, risk management and corporate social responsibility.

The Zubair Corporation is committed to playing an essential role in Oman’s continued march towards further development, progress and prosperity. The comprehensive professional development programme will enhance the performance of the group, enabling it to build the next generation of professional leaders - and, in doing so, helping to build the Oman of the future.

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