مقالة علمية
Assessing the Entrepreneurship Ecosystem of Sultanate of Oman

Madbouly, Araby.


 

Assessing the Entrepreneurship Ecosystem of Sultanate of Oman

Madbouly, Araby.

Sultanate of Oman, recently, is going towards reduction in her dependence on oil and gas in order to stabilize the economy and to achieve sustainable economic development. This implies increasing the share of non-hydrocarbon sector in Omani GDP, which can be achieved through diversifying the economy. Furthermore, Oman government has paid more attention to increase the role of private sector investments through different means as a tool to increase the private sector contribution in GDP. In this context, stimulating private sector drew the attention towards the importance of Entrepreneurship in developing the private sector. Entrepreneurship stimulation requires a well-developed entrepreneurship ecosystem. This ecosystem captures various determinants of entrepreneurship activities on microeconomics and macroeconomics levels. The purpose of this paper is to analayse pillars of Omani entrepreneurship ecosystem to identify the areas of strength and weaknesses, which address the following research question. ―What are the strengths and weaknesses in the pillars of Omani entrepreneurship ecosystem?‖ A time series analysis for each pillar of Omani entrepreneurship ecosystem and the components of these pillars using secondary resources was adopted to answer the research question and fulfill the research objective. Moreover, A cross sectional analysis was carried out between each pillar of Omani entrepreneurship ecosystem with MENA region, World, Saudi Arabia, and Malaysia. Omani entrepreneurship ecosystem has strengths in 8 pillars: Opportunity Perception, Risk Acceptance, Networking, Opportunity Start-up, Human Capital, High Growth, Internationalization, and Risk Capital. Culture Support is a medium level pillar in Omani entrepreneurship ecosystem. There are 5 pillars that have weaknesses in Omani entrepreneurship ecosystem namely Startup Skills, Technology Absorption, Competition, Product Innovation, and Process Innovation.

Sultanate of Oman, recently, is going towards reduction in her dependence on oil and gas in order to stabilize the economy and to achieve sustainable economic development. This implies increasing the share of non-hydrocarbon sector in Omani GDP, which can be achieved through diversifying the econ...

مادة فرعية

المؤلف : Madbouly, Araby.

بيانات النشر : Omani Journal Of Applied Sciences، ديسمبر 2017مـ.

التصنيف الموضوعي : العلوم التطبيقية|إدارة الأعمال .

المواضيع : Entrepreneurship - Sultanate of Oman.

رقم الطبعة : 1

المصدر : The Directorate General of Colleges of Applied Sciences : Sultanate of Oman.

لا توجد تقييمات للمادة