Tuesday, 02 January 2024 12:17 GMT

Global Chambers Gain Strategic Edge


(MENAFN- The Arabian Post) Arabian Post Staff -Dubai

Dubai Chambers, together with the International Chamber of Commerce and its World Chambers Federation, introduced a new digital platform designed to elevate the performance of chambers of commerce worldwide. Unveiled at the 14th World Chambers Congress in Melbourne, the Chamber Benchmarking Tool offers structured data analysis, best-practice comparisons and a repository of global insights to help chambers advance operational standards.

The launch was witnessed by over 1,200 chamber officials representing more than 100 countries, reaffirming the tool's role as a global platform for strategic exchange.

The Chamber Benchmarking Tool evaluates performance across seven principal functions of chamber institutions-spanning economic research and business intelligence, advocacy and policy representation, trade and investment facilitation, workforce training and support, networking, advisory services and legal or dispute resolution. These are assessed alongside eight dimensions of operational excellence, including strategic alignment, innovation, governance and financial impact.

Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, described the initiative as emblematic of the emirate's ambition to lead in institutional innovation, enabling chambers to elevate their value to business communities through streamlined services and resilient strategies. John W. H. Denton AO, Secretary‐General of the ICC, hailed the tool as a“milestone,” praising Dubai Chambers for their leadership in bringing the platform to fruition.

Built from research examining 19 diverse chambers, the tool rests on a foundation of empirical insight. It offers a data-driven framework of self-assessment, enabling chambers to compare their metrics against anonymised regional and global averages and receive tailored strategic guidance drawn from global case studies.

Developed in confidence under ICC‐WCF's secure, cloud‐based infrastructure, the platform ensures high standards of data confidentiality. Only aggregated benchmarking results are shared publicly, with each chamber's data kept private unless explicit consent is granted.

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The tool assigns two access roles: the 'chamber steward', who leads data submission, assessment completion and case‐study creation; and 'chamber staff', who receive view‐only access to performance dashboards, insights and the best‐practice library.

Participation remains voluntary and open to all types of chambers-whether national, regional, thematic or international-particularly those connected to the ICC‐WCF network. Non‐members may apply for membership to gain access.

Chambers that perform well in given categories become eligible to develop case studies, using an integrated creator to document initiative details, global trends addressed, outcomes and lessons learned. Authors may enrich submissions with supporting documents, media, and contact details. Approved case studies are added to the global repository, fostering peer learning and strategic inspiration.

With an emphasis on continuous improvement, the platform allows chambers to refresh their assessments annually-or after major organisational shifts-and to update roles and responsibilities over time, ensuring the tool remains current with evolving strategic priorities.

Beyond benchmarking, the platform is a strategic intelligence system. Chambers gain access to emerging trends, visibility into gaps and growth opportunities, and direction for innovation and future readiness. It fosters cross‐border collaboration, data‐led decision‐making and collective excellence across the global chamber ecosystem.

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