Critical Success Contextual Factors among SMEs in Saudi Arabia - Essay Example

Comments (1) Cite this document
Summary
The research aims to enhance these factors among SMEs in order to promote a more improved SME sector, thus bridging the gap between the current capacity and their potential so that the sector can contribute more to the betterment of the Saudi economy. …
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER97.1% of users find it useful
Critical Success Contextual Factors among SMEs in Saudi Arabia
Read TextPreview

Extract of sample "Critical Success Contextual Factors among SMEs in Saudi Arabia"

Download file to see previous pages The intention of this study is Saudi Arabia, one of the richest Arab countries. Albeit geographically small compared to Russia and the United States, the country easily bested the two cold war super powers in terms of oil production with an estimated 10.5 billion barrels per day (bbl) for 2010 estimates. Oil is a very important commodity for the global market and it is very critical to move the economy of essentially all countries. Yet, despite this seemingly huge advantage, the country pales is not among the leading economies of the world. This is mainly due to the fact that aside from its huge oil deposits, the country is void of other natural resources. Still, among its peers in the Arab world, Saudi Arabia is among the richest nations. The country is a sprawling land of about 2.15 million square kilometres hosting about 25.7 million inhabitants. It is a Muslim country and monarchy is its form of government. Interestingly though, among the population of the country, about 7 million are foreigners working in the country. However, aside from the oil companies, major companies hold the bulk of businesses in the country. Recently though, Saudi entrepreneurs are picking up the pace and are steadily becoming a force for economic growth for the country. This is very important because for so long now, the country’s economy has greatly relied on oil revenues which, being a natural resource, is strongly influenced by the government despite the existence of foreign business partners. 1.1.1 SMEs in Saudi Arabia It is important though that these SMEs step up in Saudi Arabia. It is noteworthy to recognize the strong growth of these different entrepreneurs which now accounts to about 93% of the total enterprises in the country. It is lamentable though that despite of this, the sector’s contribution to job generation is a mere 24.7 percent. Although these are small and medium scale enterprises employing only a handful of employees (59 and below for small while 60 to 99 for medium), it is important for the country to be able to get more out of these budding entrepreneurs in order to give more jobs to the Saudis (info provided ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Critical Success Contextual Factors among SMEs in Saudi Arabia Essay”, n.d.)
Retrieved de https://studentshare.org/business/1391494-success-and-failure-in-business-and-the-factors
(Critical Success Contextual Factors Among SMEs in Saudi Arabia Essay)
https://studentshare.org/business/1391494-success-and-failure-in-business-and-the-factors.
“Critical Success Contextual Factors Among SMEs in Saudi Arabia Essay”, n.d. https://studentshare.org/business/1391494-success-and-failure-in-business-and-the-factors.
  • Cited: 0 times
Comments (1)
Click to create a comment or rate a document
de
denis52 added comment 11 months ago
Student rated this paper as
This essay was always my weak point. I could never complete it successfully. Still, after I found this precise document, I understood how it should be completed. So, I performed my research afterward and completed the essay in several hours, instead of months as it was previously.

CHECK THESE SAMPLES OF Critical Success Contextual Factors among SMEs in Saudi Arabia

Saudi Arabia

... Saudi Monarchy and its along the Passage of History ]In a fair political term, the political system of the Kingdomof Saudi Arabia can be considered as absolute monarchy. Indeed Saudi Arabian monarchy considers the king as the head of both the state and its government. The King of Saudi Arab functions as the chairman of the country’s Council of Ministers. But since the country is ruled according to the Islamic Laws, the King does not preserve any right to enact laws. He only “issues royal decrees in accord with the shari’a” (Matthes et al 2). The most difficult duty that the King has to perform is to maintain a balanced and harmonious relationship among the Royal Family members, the upper-class people of the society and the Ulama... of some...
7 Pages(1750 words)Essay

Saudi Arabia

...Islamic Saudi Arabia Introduction The present day Saudi Arabia owes its existence to Prophet Mohammad, Holy Koran, Islam and Meccah, Medina. Before the arrival of prophet, the Arabian society was divided and diversified, with different tribes holding various religious faiths. The social and cultural bondage was virtually absent, among such tribes, during those days. This can be judged from the reading about pre-Islamic history of Saudi Arabia, as given below. The magnetic attraction of Prophet towards people of different backgrounds helped the unification of all Arabian communities, which resulted in the creation of...
15 Pages(3750 words)Research Paper

Saudi Arabia

.... The revenue of Saudi Arabia largely, about 80%, comes from oil. This accounts for about 45% and 90% of the GDP and export earnings respectively. This affirms the observation of the country’s economy being driven by oil exports. This has caused the government to try and diversify into other sectors of the economy such as power production. According to Zuhur (44), 80% of jobs in the country were occupied by foreign workers in 2008, causing the government to adopt a strategy to invest greatly in education of its citizens. With an educated populace, there would be more skilled human resource to replace the foreign workers. Government and Politics Saudi Arabia is a...
5 Pages(1250 words)Research Paper

Saudi Arabia

..., processing, marketing and distribution. Thanks to the interest of the government and commercial ventures, this sector has grown enormously and has regained some of its old vitality. Despite some setbacks, the production, manufacturing and marketing of fish and fish products in Saudi Arabia today is one of the most sophisticated in the Near East. Several advances have led to this success: the kingdom has the largest network of retail stores; the consumption capacity of fuel supply companies, supermarkets, hospitals and many other entities; the entrance of numerous investors in the sector interested in the cultivation of shrimp; the introduction of many modern techniques; and the...
6 Pages(1500 words)Essay

Critical success factors (MBA) Assignment

...or failure. No key factor is independently responsible for the success of any project. They are inter-dependent and require a holistic approach. Thus what is common to the different classifications is the interdependency. Exhibit 2: Belassi and Tukel Fortune and White (2006) say that various authors find different success criteria. The three factors common to most include the importance of support from senior management, having clear and realistic objectives; and producing an efficient plan. There is no concurrence among authors about the critical factors of success. Apart from this, even the...
10 Pages(2500 words)Essay

Saudi Arabia

...economic expansion (Country Studies “United States Economy”). These employable individuals have also managed to keep up the quality of work through their education, technical, and vocational training; and these factors have also contributed to the country’s economic success. The managerial structure in the US is based on a top-down chain of command which helps ensure that business runs smoothly from the management level to the employee rank-and-file. The GDP of the US has been growing steadily every year from its various and diverse economic ventures and endeavors (Country Studies “United States Economy”). In contrasting the US and Saudi Arabia, the US economy has...
7 Pages(1750 words)Admission/Application Essay

Cigerette smoking among adolescents in Saudi Arabia

...not receive pocket money.” (Siziya, Rudatsikira & Muula 2007, pp.75-78). “In a research conducted to examine the smoking habits among male secondary school students in Al-Qassim, Kingdom of Saudi Arabia. It was found that the more pocket money received by the students, the higher was the prevalence of smoking.” (Al-Damegh et al 2004, pp.215-9). “Global Youth Tobacco Survey was conducted to identify factors associated with smoking among adolescents in Greece. Compared to boys who reported having seven Euro or less per week, those who had 32 Euro or more were more than six times likely to smoke. For girls, those who had more than 32 Euro per week were 10...
6 Pages(1500 words)Essay

Saudi Arabia

...Saudi Arabia is a kingdom in the Arabian Peninsula, which is ruled by a king who combines legislative, judicial, and executive functions when administering the country. Either the law of the country is generally made by a royal decree from the king or the constitution of this state is the Quran. Although this country is often perceived to be a totalitarian state by many people in America, its political system has worked for the last century and not only has it done this, but it has also led to a great deal of development for its people. The Saudi Arabian government has used the oil wealth of the country for the benefit of its people and it has put a lot of investment not only in...
2 Pages(500 words)Research Paper

Smoking Among the Youth in Saudi Arabia

...to get frequent smokers out of the habit. An Explanation and Evaluation of the Problem There are vast studies and researches that have been conducted to determine the comprehensive factors that led to the problem on a global scale. A quick search of the Google engine on statistic of smoking problem among youths in Saudi Arabia generated as much as 143 million results. Selecting some authoritative sources that recognize the existence of this social dilemma in Saudi Arabia, one noted a study that was conducted by Siddiqui, Ogbeide and Khalifa that focused on determining the predominant factors; as well as the higher...
7 Pages(1750 words)Essay

Critical Success Factors

...Critical Success Factors Introduction Project management is the process of planning, organizing and controlling procedures and resources in order to achieve a goal. A project is a new undertaking designed to produce new or different results. They are often designed to meet unique objectives and goals. The temporary nature of projects makes it different from the usual business and as such it requires unique and different skills in order to manage it. All projects are destined to achieve all the goals it intends while at the same time honoring predetermined constraints like time and resources. Project managers play a key role in the running the project, and the success or failure of a project is partly dependant on the competence... and...
12 Pages(3000 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Critical Success Contextual Factors among SMEs in Saudi Arabia for FREE!

Contact Us