Institutional Support for Entrepreneurship Development: A Scenario of SMEs in KSA
Journal Title: Saudi Journal of Business and Management Studies - Year 2018, Vol 3, Issue 4
Abstract
Abstract:SMEs are recognized as a most effective mechanism to push economic and social development. Their role becomes more important in Saudi economy which is in the diversification stage in an attempt to reduce KSA dependence on oil and to realize the Vision 2030. The government has established various institutions and working along with private sector to offer SMEs financial, technical and training support aimed at development of entrepreneurship. In this paper an attempt has been made to examine the status of SMEs and to identify & study the activities of the institutions extending financial and non-financial support to SMEs. The researcher has examined thirteen main institutions which are playing an important role in providing support in the areas of technology, marketing, financing, training, incubators, consultancy and policy & incentives. Finally suggestions have been extended for further improvement in order to capitalize the opportunities resulting in development and growth of entrepreneurship. Keywords: Entrepreneurship Development, Need for Institutional Assistance, Institutions Providing Financial and Non-Financial Support.
Authors and Affiliations
Hassan K Al Mahdi
Keywords
Related Articles
- EP ID EP397918
- DOI -
- Views 149
- Downloads 0
The Benefits and Challenges of Documenting Desired Ethical Behaviour within the Workplace
Abstract: In the 21st century, global business has emerged as a powerful and foremost driver of economic growth. Business supply mass demand for both consumer and industrial goods and services. The last few decades have...
The Impact of School Based Staff Development Programmes in Secondary Schools of Gweru District of Zimbabwe
Abstract:Staff development is crucial as it equips workers with life long survival skills on their jobs. Staff development also bridges the gap between the teachers’ available acquired skills and the new teaching skills...
The Professionalization of Evaluation in Nigeria: The Barriers and Challenges in Conducting Evaluation in Nigeria and the Role of NAE
Abstract: This paper examined the barriers/challenges facing the evaluation profession in Nigeria and the role of the Nigerian Association of Evaluators (NAE) towards improving the profession. The paper also draws lesson...
Budget Deficit and Economic Performance in Nigeria
Abstract: Since the past year budget deficit is corrected in the current year, this study seek to examine the lag effect of previous year’s budget deficit on performance of the Nigeria economy in the contemporary year u...
Systematic Investigation of Influential Adopting Factors of Software as a Service (SaaS) in SMEs
Abstract:Cloud computing is a new technological paradigm that offers very powerful computing and cost effective, scalable network services to its end-users / organizations without considering the firm size. Aim of this s...