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Embracing the Innovative Entrepreneurship Culture by Omani SMEs: The Primary Barriers

Author

Listed:
  • Khalid Suraid Salim Alhattali
  • Rosmini Omar
  • Sulaiyam Aziz Alrumaidhi
  • Parisa Mohammadi

Abstract

Many countries increasingly recognise innovative entrepreneurship as a key component that stimulates innovation, creates job opportunities, and improves long-term societal welfare. However, it faces numerous challenges in different countries, including the Sultanate of Oman, which may hinder its development or slow down its pace. Accordingly, this qualitative study aimed to identify the primary barriers preventing innovative entrepreneurship culture among Omani SMEs. The results introduced six primary barriers- Bureaucracy and inefficiency of government officers, COVID-19 pandemic, Negative mind-set and frustration with the market, Poor financial management, Financial burden, and No additional benefits or supports. The empirical findings of this study have both academic and practical contributions to the body of knowledge; they elaborate on the long-term performance of innovative entrepreneurship and economic growth in Oman.

Suggested Citation

  • Khalid Suraid Salim Alhattali & Rosmini Omar & Sulaiyam Aziz Alrumaidhi & Parisa Mohammadi, 2023. "Embracing the Innovative Entrepreneurship Culture by Omani SMEs: The Primary Barriers," Business Management and Strategy, Macrothink Institute, vol. 14(2), pages 164-178, December.
    • Handle: RePEc:mth:bmsmti:v:14:y:2023:i:2:p:164-178
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    References listed on IDEAS

    as
    1. Boyoung Kim & Hyojin Kim & Youngok Jeon, 2018. "Critical Success Factors of a Design Startup Business," Sustainability, MDPI, vol. 10(9), pages 1-15, August.
    2. Nagwan AlQershi & Sany Sanuri Mohd Mokhtar & Zakaria Abas, 2022. "The influence of structural capital on the relationship between CRM implementation and the performance of manufacturing SMEs," International Journal of System Assurance Engineering and Management, Springer;The Society for Reliability, Engineering Quality and Operations Management (SREQOM),India, and Division of Operation and Maintenance, Lulea University of Technology, Sweden, vol. 13(3), pages 1205-1218, June.
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    More about this item

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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