Saudi Arabias Economic and Cultural Environment - Assignment Example

6% of its total land arable and while having natural resources such as hydrocarbons, gold, uranium, bauxite, coal, iron, phosphate, tungsten, zinc, silver and copper, it is un-disputably the oil – of which the Kingdom is the world's leading oil producer and exporter – that has been responsible for the economic transformation of the nation since 1960's and 1970's when large scale production of the “black gold” has ever since shifted to the high gear.... … The Kingdom of saudi Arabia is peopled by an estimated twenty-eight (28) million generally Arab and Afro-Asian inhabitants, including about 5....

… The paper “The Future Vision for Aramco, PESTLE Analysis, and Micro environment Outline Marking the Challenges the Company Faces”  is a  well-turned example of a report on management.... The paper “The Future Vision for Aramco, PESTLE Analysis, and Micro environment Outline Marking the Challenges the Company Faces”  is a  well-turned example of a report on management.... In saudi Arabia, oil was first discovered by the US geologists in the decade of the1930s....

Developing international business competence is created by a thorough understanding of the economic environment and the various cultures that prevail in order to strategize on various ways to venture in the global business.... High level of cultural competence and intelligence can be done through a continuum of training and exposure of company managers into the international environment.... This essay will discuss the concept of cross-culture and ways of developing its effectiveness by looking at some of the important aspects that one must understand before engaging in business in the new business environment....

As the managerial level interactions of global managers increase vis-à-vis Saudi culture, an understanding of cultural similarities and differences can facilitate cross-cultural communications and boundary spanning.... As such, the proposed research put forwards a unique prospect to pursue research on culturally derived Saudi managerial behaviors and to help understand, evaluate and then formalize a gender-based strategy for management development for cross-cultural interaction of Saudi Arabia with rest of the globe....

… The paper 'Effectiveness of the Anti-Money Laundering Legal Framework in saudi Arabia" is a perfect example of a business literature review.... nbsp;This is a comprehensive review of literature relating to the effectiveness of the existing legal frameworks for preventing money laundering in the banking industry in saudi Arabia.... The paper 'Effectiveness of the Anti-Money Laundering Legal Framework in saudi Arabia" is a perfect example of a business literature review....

Consequently, the company will benefit in various ways, decrease in wastage, more practical perceptions of the working environment, the exit of some companies and a more proficient arrangement Mead (1988:49).... These variables include economic, social-cultural, changes in technology, international and political-legal factors.... economic changes economic factors are the characteristics and directions of the system of the economy within which the company operates....

… The paper 'Ethical Leadership in saudi Arabia" is a good example of a management case study.... The section presents information about ethical leadership in saudi Arabia.... The paper 'Ethical Leadership in saudi Arabia" is a good example of a management case study.... The section presents information about ethical leadership in saudi Arabia.... Ethical Leadership in saudi Arabia In the last few years, the focus has turned into integrity and ethics in the leadership field....

Due to its heightened traditional cultural values, any new business expanding into the country should display mutual trust and confidence.... In addition, Saudi Arabia had been expected to undergo phenomenal growth in 2013, due to the expansion of the non-oil sector, and the unprecedented growth in household expenditure and a highly expansionary economic stance of the government.... Most importantly, Tesla cars are made with novel technologies to defy pollution, which is the need of the hour in oil rich countries like saudi Arabia....