Question

Hello, I need your support to solve below question with more explanation if possible,,

- Can large firms in Saudi Arabia also be entrepreneurial? Is it in their interests to be so? what pressures are there for them not to be entrepreneurial?

Thanks,.,

Answer 1

Entrepreneurship can be mainly defined as the creation or extraction of value. With this definition, entrepreneurship is viewed as change, which may include other values that simply economic ones. Entrepreneurship enjoys a high level of support in Saudi Arabia. The Kindom has been leading in the Arab region in terms of regulatory reforms related to entrepreneurship. And due to this Saudi Arabia has been growing rapidly economically. Yes, the large firms in Saudi Arabia can pave to way be entrepreneurial.

Saudis aim to grow more can be clearly seen through the Saudi VIsion 2030. The Vision 2030 is a bold yet achievable blueprint for an ambitious nation. And this vision is supported by all the people in Saudi and especially by the large firms, as without their support cooperation this vision cant be fulfilled. This all shows the interest of the large firms to be entrepreneurial. The large firms may face huge pressures too if they don't become entrepreneurial as it may hinder the country's growth.