An internship in Dubai - One of the world's most renowned business hubs was a dream come true to the students of International Business Management at Chennai Business School. As they set out seizing this wonderful opportunity, these young inquisitive minds have spent this stint in an attempt to understand the various kinds of business models as global players as well as their scope in such a competitive environment. Their main objective of their internship is to understand the scope of doing business in Dubai. They studied various industries like banking, Automobiles, Cosmetics, telecom, tourism and hospitality.
They visited various banks like Emirates NBD, First Gulf Bank and Abu Dhabi Commercial Bank to understand the accounting practices and the various policies and regulations adopted by the government. They also observed the consumer behavior by interacting with customers of Dubai origin and also foreign.
The tourism and hospitality industry in Dubai is flourishing. The hotel occupancy rates in Dubai are much more than other Emirate provinces. The students visited a few hotels to understand the various services provided to the customers and to understand their level of satisfaction. Customers generally do not compromise on the service they are offered. The hotels try hard to replicate the services provided by their competitors to stay ahead in business.
With respect to Automobiles, there are no manufacturing units in Dubai. Many Automobile companies like Toyota, BMW, Mercedes and Nissan are importing their products and accessories into Dubai. As Dubai is an international hub, the cars are exported to other countries from Dubai.
Indian Brands in Dubai struggle to compete with the International brands. The students met various industry experts like Mr Shailendra Malhotra of Himalaya to understand the performance of Himalaya in Dubai market, Mr Sampath, an independent consultant gave them details on the fundamentals of doing business in Dubai, Mr. Manoj who spoke on the fitness industry in Dubai and Mr Chandy Koshy explained about banking and financial industry in Dubai.
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