This volume represents a comprehensive state-of-the-art picture of family business and entrepreneurship issues in countries belonging to the Gulf Cooperation Council. It provides major theoretical and empirical evidence which depicts the current processes in each GCC country including problems, faced by family business owners and entrepreneurs, such as succession, financial constraints, and conflicts. The chapters offer recommendations to policy makers on how to improve the general business environment and encourage potential investors, researchers, academicians, and professionals to be more involved in the region. The book is an outcome of a long-lasting endeavor and includes contributions from highly reputed authors and experts from the region and abroad.
Author(s): Veland Ramadani, Wassim J. Aloulou, Mohammad Zainal
Series: Contributions to Management Science
Publisher: Springer
Year: 2022
Language: English
Pages: 162
City: Cham
Foreword
Editorial Board
Contents
About the Editors
Family Business in Gulf Cooperation Council Countries: Introductory Aspects
1 The context
2 Family Business in GCC Countries
3 Structure of the Book
4 Conclusion
References
Family Business in Bahrain
1 Introduction
1.1 Bahrain´s Economy at Glance
2 Business Ecosystem
2.1 Innovation Index: Case of Bahrain
3 Family Business
4 Concluding Remarks
References
Websites
Family Business in Kuwait
1 Introduction
2 Business Ecosystem
3 Family Business
3.1 Macroeconomic Conditions for Family Business Development
3.2 Distinctiveness of Family Business in the Middle East
3.3 Distinctiveness of Family Business in Kuwait
3.4 Success Stories
4 Concluding Remarks
References
Family Business in Qatar
1 Introduction
2 Business Ecosystem
3 Family Business
4 Concluding Remarks
References
Family Business in Oman
1 Introduction
2 The Socioemotional Wealth Theory
3 Ability and Willingness Paradox
4 Family Commitment
5 The Sultanate of Oman
6 Business Ecosystem
7 Family Businesses
7.1 Large Family Firms in Oman
7.2 Micro, Small, and Medium-Sized Family Firms in Oman
7.3 Influence of Omani Culture on Family Business
7.3.1 Succession Right of the First Born
7.3.2 Empathy as a Resource of Organisational Resilience
8 Concluding Remarks
References
Family Business in Saudi Arabia
1 Introduction
1.1 Introducing the Kingdom
1.2 Membership of the GCC
1.3 Flag and Emblem of KSA
1.4 Panorama of the KSA´s Economy
1.5 Saudi 2030 Vision
2 Business Ecosystem
2.1 An Ecosystem in a Constant Change
2.2 Saudi Entrepreneurship Context
2.3 Conduciveness of the Environment for Entrepreneurship Amidst COVID-19 Pandemic
3 Family Business
3.1 Introductory Aspects
3.2 Saudi Family Business Ecosystem
3.3 The National Center for Family Businesses
3.4 Main Facts of the Contribution of Family Businesses to the Economy
3.5 Importance and Main Characteristics of Saudi Family Businesses
3.6 Focusing on Saudi Arabian Culture
3.7 Islamic Inheritance Law and Family Firm Succession
3.8 Main Key Factors of Success
3.9 Successful Saudi Family Businesses
3.10 Challenges of Saudi Family Businesses
3.10.1 Common Challenges
3.10.2 COVID-19 Challenge and Family Business Resilience
3.11 Women and Saudi Family Businesses: Leveraging an Untapped Potential of Women
4 Concluding Remarks
References
Family Business in the United Arab Emirates
1 Introduction
2 Business Ecosystem
3 Family Business
4 Concluding Remarks
References
Family Business in Gulf Cooperation Council Countries (GCC): Toward the Future
1 Introduction
2 Profiling Family Businesses in the GCC
3 Main Challenges of Family Business in the GCC Region
3.1 Succession Planning and Appropriate Transitioning to Avoid Family and Generational Conflicts
3.2 Corporate Family Governance
4 Opportunities in GCC Family Businesses
4.1 Going Public with an Initial Public Offering
4.2 Role of Women in GCC Family Businesses
4.3 Leveraging the Next Generation
5 Research Perspective on GCC Family Business
6 Concluding Remarks
References
