Entrepreneurship In The Gulf Cooperation Council

Entrepreneurship in the Gulf Cooperation Council: Entrepreneurship in the Gulf Cooperation Council promotes a practical approach to starting businesses, and is useful not only for students, but also to anyone seeking practical insights on the essential aspects of entrepreneurship. As a wide-ranging introduction to theories and their applications, the book covers business plans, feasibility studies, and sources of startup funds. Case studies from GCC countries make the book a useful source of guidelines for starting and managing a business. Provides local and regional cases and examples familiar to GCC students Covers all important subjects within entrepreneurship, from cultivating entrepreneurial habits and values, to sources of business financing Emphasizes the variety of practical alternatives available to entrepreneurs

This book looks at the current state of entrepreneurship development in the Gulf Cooperation Council (GCC) region, consisting of Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates. It is a comprehensive state-of-the-art coverage of entrepreneurship and small business management issues, supported with theoretical discussion and empirical evidence. The book covers current processes in each country, paving the ways for potential investors, researchers, academics and professionals to better understand this region. An outcome of long-lasting endeavour, this book includes contributions from experts across the Gulf region.

This volume represents a comprehensive state-of-the-art picture of family business and entrepreneurship issues in countries belonging to the Gulf Cooperation Council. It provides major theoretical and empirical evidence which depicts the current processes in each GCC country including problems, faced by family business owners and entrepreneurs, such as succession, financial constraints, and conflicts. The chapters offer recommendations to policy makers on how to improve the general business environment and encourage potential investors, researchers, academicians, and professionals to be more involved in the region. The book is an outcome of a long-lasting endeavor and includes contributions from highly reputed authors and experts from the region and abroad.

"This book demonstrates how technology-driven innovation in the Gulf Cooperation Council countries influences the evolution of the economic sustainability model in the region and how experiences drawn from this process may be employed across the field of international business and international business model innovation"--

Whilst the entrepreneurial play-field of the oil rich G.C.C [Gulf Cooperation Council] region has several successful ethnic entrepreneurial (EE) ventures, and the extant literature on general entrepreneurship within this region is quite dense, the topic of what factors underscore the success of EE businesses has received scant attention. Our study attempts to fill this gap, and adds to the literature in this area, by attempting to isolate the factors contributing to the success of EE ventures in the GCC region. The proposed study uses qualitative methods, and shall adopt a grounded theory methodology. The results will provide potential as well as existing EE's considering entrepreneurial activity in the GCC, with a few clear indicators of what critical success factors determine the chances of their undertakings succeeding in the region. These indicators shall hold implications for policy makers too.

Abstract: The economies of the six Gulf Cooperation Council (GCC) countries are heavily reliant on oil. Greater economic diversification would reduce their exposure to volatility and uncertainty in the global oil market, help create jobs in the private sector, increase productivity and sustainable growth, and help create the non-oil economy that will be needed in the future when oil revenues start to dwindle. The GCC countries have followed many of the standard policies that are usually thought to promote more diversified economies, including reforms to improve the business climate, the development of domestic infrastructure, financial deepening, and improvements in education. Nevertheless, success to date has been limited. This paper argues that increased diversification will require realigning incentives for firms and workers in the economies—fixing these incentives is the “missing link” in the GCC countries’ diversification strategies. At present, producing non-tradables is less risky and more profitable for firms as they can benefit from the easy availability of low-wage foreign labor and the rapid growth in government spending, while the continued availability of high-paying and secure public sector jobs discourages nationals from pursuing entrepreneurship and private sector employment. Measures to begin to address these incentive issues could include limiting and reorienting government spending, strengthening private sector competition, providing guarantees and financial support for those firms engaged in export activity, and implementing labor market reforms to make nationals more competitive for private sector employment.

This book provides valuable insights into the Kingdom of Saudi Arabia (KSA) through a comprehensive examination of Vision 2030, an ambitious economic plan by the KSA to reinvent and diversify its economy from a heavy dependence on hydrocarbon to knowledge-based resources. Research, Innovation and Entrepreneurship in Saudi Arabia: Vision 2030 discusses how this initiative will assist the government in achieving its envisioned goals by creating a culture of research, innovation and entrepreneurship. It studies the current state of the field as well as new policies and reforms in Saudi Arabia which encompass education systems, ICT infrastructure and a vibrant innovation landscape that includes academia, the public and private sectors and civil society. The authors present a number of real-life case studies as a model of inspiration for cross-sector development. The book provides a source of inspiration for other nations in studying the KSA’s determined and ambitious plans as a country in a transitioning journey, from a natural resources-based economy towards a knowledge-based country with considerable diversification in all sectors. This book is a useful reference for students, researchers and policy and decision-makers in understanding Saudi innovation and the economic diversification ecosystem.

This book delves into the economic development of the six Gulf Cooperation Council (GCC) countries. Since the 1960s, the GCC states have harnessed their potential to exploit the wealth accrued from the oil boom to build their infrastructure and grow their economies. However, the high level of dependency on oil as the primary source feeding their output made their economies volatile and vulnerable to fluctuations in the global oil prices. Moreover, the plunge in oil prices and the threat of depletion of this natural resource pose serious challenges to the GCC countries. Consequently, the GCC governments have realized the importance of diversifying their economies following the need to move away from reliance on hydrocarbon. This book contributes to the theoretical literature by enriching the debate on the transition of the GCC countries from rentier states to diversified economies. It helps students and scholars understand this transformation with an expansive comprehension of the contemporary challenges facing the region, as well as outlining prospects for the future.