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Investigation of Oman’s Entrepreneurial Culture and its Potential Impact

Author

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  • Thuraiya Alfarsi

    (Unisel University Selangor, Malaysia)

  • Dr. Rosima Alias

    (Unisel University Selangor, Malaysia)

  • Noor Alzakwani

    (Unisel University Selangor, Malaysia)

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.

Suggested Citation

  • Thuraiya Alfarsi & Dr. Rosima Alias & Noor Alzakwani, 2024. "Investigation of Oman’s Entrepreneurial Culture and its Potential Impact," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 8(12), pages 4343-4352, December.
    • Handle: RePEc:bcp:journl:v:8:y:2024:i:12:p:4343-4352
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    References listed on IDEAS

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    1. James C. Hayton & Gabriella Cacciotti, 2013. "Is there an entrepreneurial culture? A review of empirical research," Entrepreneurship & Regional Development, Taylor & Francis Journals, vol. 25(9-10), pages 708-731, December.
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