Edward Burton

Business and Entrepreneurship in Saudi Arabia (eBook, ePUB)

Opportunities for Partnering and Investing in Emerging Businesses

• Format: ePub

Produktbeschreibung

An investor's crucial guide to the changing face of Saudi Arabian business Business and Entrepreneurship in Saudi Arabia is an essential reference guide, informing investors on the key issues that define how business will be done as the nation's family-owned businesses change hands. Supported by the U.S.-Saudi Arabian Business Council, this book introduces the reader to the new Saudi entrepreneur and explains why Saudi Arabia's boom deserves more of the world's attention. As the heads of family-owned businesses age and corporate boards are reshaped, business practices will be influenced by the ascension of the country's young leaders. Interviews with young Saudi entrepreneurs describe the challenges, triumphs, failed attempts, and successful endeavors they experience every day as time-tested traditional models bump up against more modern, innovative ideas and methods. The book's companion website features a variety of useful tools and documents that help readers implement the concepts presented, and the firsthand information provides deep insight into the future of these companies. Saudi Arabia is profoundly influencing the technological advances of multiple industries through increasing collaboration and in-country partnerships with communities around the world. The evolution of the Kingdom's family-owned businesses is becoming more important to investors as young Saudis claim their legacies, and this book provides an insightful understanding of the changing nature of Saudi business. * Meet the emerging entrepreneur class of Saudi Arabia * Learn how the Saudi boom affects global business * Discover what investors need to know about the Saudi economy * Examine how time and technology is reshaping the way business is done * Gain useful insight into the direction management of the Kingdom's growth will take over the next five years The Saudi economy constitutes thirty percent of the Arab world's GDP, and sixty percent of the population is under the age of thirty. Business and Entrepreneurship in Saudi Arabia provides essential information investors need to navigate the changing tide of doing business in Saudi Arabia.

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Produktdetails

• Verlag: John Wiley & Sons
• Seitenzahl: 264
• Erscheinungstermin: 12. September 2016
• Englisch
• ISBN-13: 9781119296171
• Artikelnr.: 45971240

Autorenporträt

EDWARD BURTON is CEO and president of the USSABC. He works with the American and Saudi public and private sectors to promote the interests of the U.S.-Saudi Arabian bilateral commercial relationship. Ed has counseled hundreds of Fortune 500 companies, as well as small- and middle-tier firms in such industries as construction, medical and pharmaceutical, defense and security, information technology, power and water, and technical services.

Inhaltsangabe

Preface ix Acknowledgments xxi About the Author xxii Introduction xxiii
CHAPTER 1 The Kingdom's Modern Economy and Economic Might 1 The Modern
Saudi Economy and the National Development Plans 1 The Private Sector's
Role in National Development and Non-Oil GDP 8 So, How Has It All Worked
Out? 9 The Kingdom's Path to Economic Diversification 17 Notes 29 CHAPTER 2
Innovation in Saudi Arabia: The Kingdom's March Toward the Future 33
Evaluating Innovation in Saudi Arabia: The Global Innovation Index and the
Importance of International Market Engagement 33 Innovation versus
Invention 40 Technological and Scientific Discovery in Saudi Arabia 42 King
Abdulaziz City for Science and Technology (KACST) 45 King Abdullah
University for Science and Technology (KAUST) 56 Industrial Clusters
Program (IC), SABIC, and Saudi Intellectual Property 62 Notes 67 CHAPTER 3
The Development of Family-Owned Businesses in Saudi Arabia 69 Defining the
Family-Owned Business (FOB) 69 The Corporate versus Social Nature of the
Saudi Family-Owned Business 74 Corporate Succession within Saudi
Family-Owned Business and New Generation Integration 81 Management of
Strategic Focus and the Importance of Corporate Governance 90 Illustrations
of Saudi Family-Owned Businesses 98 Notes 116 CHAPTER 4 Entrepreneurship in
Saudi Arabia Today 120 Defining "Entrepreneur" in Saudi Arabia 120 Saudi
Entrepreneurs--The Decision to Go into Business 130 Mr. Saud Al-Suhaimi,
CEO of Jawlah Tours 136 Mr. Abdulrahman Al-Olayan, Businessman, Lecturer,
Doctoral Candidate 142 Bankruptcy in Saudi Arabia 150 Notes 157 CHAPTER 5
Exploring Saudi Entrepreneurism and Opportunities for Business 162
Entrepreneurship as a Catalyst for Economic Growth--Saudi Realities 162
Promotion and Support of Saudi Entrepreneurs and Small and Medium-Sized
Businesses 168 Endeavor Global Incorporated (Endeavor) and Endeavor Saudi
Arabia 169 The National Entrepreneurship Institute (RIYADAH) 178 The
Centennial Fund (TCF) 186 Saudi Technology Development and Investment
Company (TAQNIA) 192 Notes 198 CHAPTER 6 New Horizons for the Kingdom and
for Its Domestic and Foreign Businesses 201 A New Era in U.S.-Saudi
Commercial Relations 201 Saudi and American Goodwill and Right
Intentions--A High-Level Discussion on U.S.-Saudi Bilateral Commercial
Relationships 206 New Fiscal Realities and Recurrent Development Themes 211
Closing Thoughts 218 Notes 220 Index 223