LEGAL FORMALITIES Research Paper Example | Topics and Well Written Essays - 1500 words

LEGAL FORMALITIES - Research Paper Example ent rules and policies, laws, licensing process, business structure, required documents, taxation, accounting system, intellectual property rights and labor laws. Given below is the brief account of all legal formalities which will be fulfilled by HealthPoint in UAE. Although most of the sections of Company law are similar for all companies operating in UAE however, Government of Abu Dhabi and other regions of UAE has established their own support forums to guide new investors. As we are planning to launch our company in Abu Dhabi therefore, information on all legal activities has been collected for Abu Dhabi. The companies which are involved in viable business activities in Abu Dhabi are required to follow trade licenses Law No. (5) Of 1998. This law deals with the issuance of licenses for the business planning to operate in Abu Dhabi. In addition, as the partners of HealthPoint will be foreign therefore, they also have to consider Law No. (7) Of 1998 (Abu Dhabi Government, 2010). According to this law, HealthPoint will have to get registered with Abu Dhabi Chamber of Commerce and Industry and after obtaining the membership the perquisite to obtain the license will be fulfilled. The Government of Abu Dhabi has defined the competent authorities which are involved in issuing licenses to various kinds of businesses in Abu Dhabi. For HealthPoint the license will be issued by Commercial Licenses Authority. HealthPoint will also follow all the rules and regulations defined for the companies operating in Food Industry such as Food safety laws etc. In addition, the other legal requirements for o pening a business have been discussed in the coming sections. HealthPoint will be a General Partnership Contract between the three partners. According to Federal Law No (8) and Article (23), a general partnership can be established by two or more partners and the partners are liable to all debts of the company (Abu Dhabi Chamber of Commerce and Industry, 2010). The complete

Creative thinking of business Essay Example | Topics and Well Written Essays - 1500 words

Creative thinking of business - Essay Example 1). While noting that the social environment can influence the frequency and level of creative behaviour, Amabile points out that creativity involves the production of novel, practical, and helpful ideas in any domain (Amabile 1996, p. 1). She further notes that the idea or product may not be different from their counterparts for merely the sake of being different. Instead, it should be relevant to the goal so desired, of value, correct, or meaningfully expressive. In respect to innovation, Amabile notes that it relates to the successful implementation of creative ideas within a business (Amabile 1996, p. 1). An analysis of Amabile’s definition of innovation reveals that the innovation begins by the creativity of a group or individual. Worth noting at this point is the fact that the success of an innovation not only depends on the creative ideas that apply to it but also on other factors and influences external to the organization. The don is also quick to note that creativity goes beyond intelligence and can be applied in any domain (science or art). Creative ideas and innovations can be good or bad (Amabile 1996, p. 1) or may be applied toward negative ends in as much as they may be good. Many business experts appreciate the notion of entrepreneurship being the application of creative destruction. What this basically means is that the entrepreneur pursues an idea and pursues it to make a profit overcoming obstacles to the creative process and therefore destroying existing equilibrium in the market or industry in which they operate. For entrepreneurs, creativity and innovation go together (Ekvall 1987, p. 56). The entrepreneur may apply creativity (and innovation) in developing new product/services, obtaining production resource, delivering products, identifying new markets for business services or products, and coming up with new ways of