Investigation of Oman’s Entrepreneurial Culture and its Potential Impact

Thuraiya Alfarsi, Dr. Rosima Alias and Noor Alzakwani
Additional contact information
Thuraiya Alfarsi: Unisel University Selangor, Malaysia
Dr. Rosima Alias: Unisel University Selangor, Malaysia
Noor Alzakwani: Unisel University Selangor, Malaysia

International Journal of Research and Innovation in Social Science, 2024, vol. 8, issue 12, 4343-4352

Abstract: According to the economic downturn that Oman is experiencing due to falling oil prices, an entrepreneurial culture needs to be developed at the national level. In this paper, entrepreneurial culture and its dimensions are defined. After determining the significant role an entrepreneurial culture can have in developing the economy, its measurability is discussed. By applying these measures to Oman, and using some indicators it is found that the entrepreneurial culture in the country is low, and that growth of the SME sector is not only being obstructed, –Consequently, this discourages entrepreneurship from contributing to the nation’s economic growth, despite this paper demonstrating the advantages entrepreneurial innovation can have to a diverse economy. Considering these results, this paper discusses how Oman, and nations practicing similar policies, can encourage the adoption and growth of entrepreneurial culture by providing entrepreneurial education, facilitating the entrance of new businesses by relaxing or updating regulations, and exerting more efforts on research and development in the field of economics and the technological field. The paper here made an overview of entrepreneurial culture national, regional and local. Whereas many aspects taken in consideration for developing the cultures by the Oman government and other countries entrepreneurship culture. Many studies collected here and analysed by their recommendations, findings and conclusions.

Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.rsisinternational.org/journals/ijriss/ ... sue-12/4343-4352.pdf (application/pdf)
https://rsisinternational.org/journals/ijriss/arti ... ts-potential-impact/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bcp:journl:v:8:y:2024:i:12:p:4343-4352

Access Statistics for this article

International Journal of Research and Innovation in Social Science is currently edited by Dr. Nidhi Malhan

More articles in International Journal of Research and Innovation in Social Science from International Journal of Research and Innovation in Social Science (IJRISS)
Bibliographic data for series maintained by Dr. Pawan Verma ().