Entrepreneurship ecosystem evolution strategy of Saudi Arabia

Muhammad Rahatullah Khan

Abstract


In majority of times when a potential start-up strikes a brilliant business idea, he/she has little knowledge of ‘how to move from there’. They lack information on the stakeholders of entrepreneurship ecosystem who can help and assist these startups in numerous ways and help them materialize their concepts. Availability of this information will help the ecosystem stakeholders to avoid replication and duplication of efforts. Similarly, knowledge of status quo helps identify opportunities and supports plan development to endeavor through right strategy for the start-up. Critical review of existing initiatives of Saudi Arabia for entrepreneurship growth and identification of the existing stakeholders of the entrepreneurship in the country is conducted. Similarly their work and potential for practicable interventions to further entrepreneurship reflecting country’s economic development process is examined. This paper benefits from a cross sectional basic study of Saudi Arabia that utilized primary and secondary sources to discover the initiatives, understand entrepreneurship growth and then map the national entrepreneurship ecosystem. A number of interviews from CEO’s, General Managers and other senior executives were carried out to know the role of the different organizations in entrepreneurship growth. It was coupled with a detailed secondary research from existing resources. It has been identified that the ecosystem is swiftly expanding but yet under development and infancy stage where the institutions are prospering. The research is based on country analysis. The paper also shows that the Saudi Arabian government has taken proactive stance in developing the entrepreneurship ecosystem and startup landscape and highlights the transformation of the ecosystem strategy.

Keywords


entrepreneurship; ecosystem; ecosystem evolution; strategy; startups; Saudi Arabia

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References


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