The Role of Sustainable Entrepreneurship and Corporate Social Performance on Social Innovation: the Case of the Private Industrial Sector in Saudi Arabia

Alfalih, Abdullah Abdulmohsen

doi:10.1007/s13132-021-00798-7

Cited by 25 publications

(16 citation statements)

References 37 publications

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“…The above set of quotes is inconsistent with prior research that highlights the role of a supportive institutional environment and friendly policies in sustainable entrepreneurship development in studies of other Gulf countries (Azar and Raouf, 2017;Alfalih, 2021). This section also highlights the role of skills development and targeted training in helping sustainable ventures to access the talent they need to succeed, as also highlighted by earlier research (Lasrado and Pereira, 2018;Argade et al, 2021).…”

Section: Multistakeholder Qualitative Studymentioning

confidence: 73%

“…The role of a supportive institutional environment and friendly policies for the development of sustainable entrepreneurship has also been highlighted (Azar and Raouf, 2017; Alfalih, 2021). Previous studies (Pinkse and Groot, 2015, p. 634) also view sustainable entrepreneurship as “the discovery, creation, and exploitation of entrepreneurial opportunities that contribute to sustainability by generating social and environmental gains for others in society”.…”

Section: Resultsmentioning

confidence: 99%

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Sustainable entrepreneurship development in Oman: a multi-stakeholder qualitative study

Arslan

Kharusi

Hussain

et al. 2023

IJOA

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Purpose Even though sustainable entrepreneurship has increasingly received researchers’ attention in recent years, the topic remains rather under-researched in natural resources’ rich Gulf countries such as Oman. Hence, this paper aims to fill this gap in the literature and, to the best of the authors’ knowledge, is one of the first attempts to assess the state of sustainable entrepreneurship development in Oman from a multi-stakeholder perspective. Design/methodology/approach This paper uses a qualitative research approach where in-depth semi-structured interviews were undertaken with 12 respondents representing relevant stakeholders of sustainable entrepreneurship development in Oman. The interviewees included four sustainable entrepreneurs, four policymakers and four educationists representing entrepreneurial skills development institutes in Oman. Findings This papers’ findings highlight that despite some positive improvements, several critical challenges remain, which hinder sustainable entrepreneurship development. The authors further found the role of FinTech to be critical in this concern by all stakeholders, though its usage and acceptance remain low. Also, the costs associated with the post-carbon (sustainable) economy and different profitability evolution have resulted in a slow change in the policy development in this concern. From an educational (skills development) perspective, a lack of context-specific training programmes and culture-based hesitations appeared to be hindering achieving sustainable entrepreneurship possibilities in Oman. The nascent entrepreneurial ecosystem, bureaucracy and lack of human capital (attraction as well as retention) appeared to be significant challenges for entrepreneurs. Finally, the findings highlighted the need for cross-sector collaboration with clear benchmarks for effective policy development concerning sustainable entrepreneurship in Oman. Originality/value To the best of the authors’ knowledge, this paper is the first academic study explicitly highlighting the state of sustainable entrepreneurship in Oman by incorporating the development initiatives as well as the major challenges in the analysis. Secondly, this study is also a pioneering work specifying the interlinkage between financing (FinTech), policy initiatives and skills development and the development of a sustainable entrepreneurship ecosystem in an under-researched context of Oman. Finally, the transition to a sustainable economy is challenging in natural resources’ dependent economies like Oman, as it needs to be supported by the mindset change in the larger society (legitimacy). In this concern, this paper, to the best of the authors’ knowledge, is one of the first academic endeavours to also specify the role of legitimacy from the perspective of different stakeholders (and larger society) for sustainable entrepreneurship development in such contexts.

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Section: Multistakeholder Qualitative Studymentioning

confidence: 73%

Section: Resultsmentioning

confidence: 99%

Sustainable entrepreneurship development in Oman: a multi-stakeholder qualitative study

Arslan

Kharusi

Hussain

et al. 2023

IJOA

View full text Add to dashboard Cite

show abstract

“…According to Alfalih (2021), to identify and quantify the link between entrepreneurship and SI through Corporate Social Achievement (CSA), the quantitative pattern was used to collect data distributed through a questionnaire to 180 small and medium companies in the Kingdom of Saudi Arabia. The results indicate that the mediating effect of social performance in companies occurred between SI, extrinsic motivation, and entrepreneurship outcomes.…”

Section: Introductionmentioning

confidence: 99%

An empirical Study on Impact of Intellectual Human Capital on Corporate Social Innovation

Alhasani

Alhinai

Ahmed

2023

JAS

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The study aims to explore the relationship between Intellectual Human Capital (IHC) and Corporate Social Innovation (CSI) in Oman. This research used a quantitative method. The population of this study was 74 companies on Muscat Stock Exchange (MSX) for the year ended 2021 in Oman. The sample size of this project was 63 from two sectors of listed companies (Financial Sector 31 and Industrial Sector 32). The study findings found there is a positive impact on the relationship between Intellectual Human Capital (IHC) and Corporate Social Innovation (CSI) in Oman. IHC contributes to increasing Social Innovation (SI) in companies, greatly influencing social innovation. Firms that use IHC have high social innovation because the IHC depends on the knowledge of human resources that impacts social innovation as it expands to other areas of the company.

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“…One of the goals of the Vision 2030 programme is to enhance educational sustainability by developing a comprehensive framework for high-quality research, flexible learning, and identification of viable routes for young Saudi professionals [1,2]. As well as their innovation and research potential, Saudi institutions' development of students' skills and capacities [3] has improved dramatically [4], suggesting a shift to digital transformation and sustainable innovation in the Kingdom of Saudi Arabia (KSA). Another shift observed in Saudi institutions has been the high-quality work published through stronger collaboration with the international and regional scientific community [5,6].…”

Section: Introductionmentioning

confidence: 99%

A Methodological Framework to Predict Future Market Needs for Sustainable Skills Management Using AI and Big Data Technologies

et al. 2022

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Analysing big data job posts in Saudi cyberspace to describe the future market need for sustainable skills, this study used the power of artificial intelligence, deep learning, and big data technologies. The study targeted three main stakeholders: students, universities, and job providers. It provides analytical insights to improve student satisfaction, retention, and employability, investigating recent trends in the essential skills pinpointed as enhancing the social effect of learning, and identifying and developing the competencies and talents required for the Kingdom of Saudi Arabia’s (KSA’s) digital transformation into a regional and global leader in technology-driven innovation. The methodological framework comprises smart data processing, word embedding, and case-based reasoning to identify the skills required for job positions. The study’s outcomes may promote the alignment of KSA’s business and industry to academia, highlighting where to build competencies and skills. They may facilitate the parameterisation of the learning process, boost universities’ ability to promote learning efficiency, and foster the labour market’s sustainable evolution towards technology-driven innovation. We believe that this study is crucial to Vision 2030’s realisation through a long-term, inclusive approach to KSA’s transformation of knowledge and research into new employment, innovation, and capacity.

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The Role of Sustainable Entrepreneurship and Corporate Social Performance on Social Innovation: the Case of the Private Industrial Sector in Saudi Arabia

Cited by 25 publications

References 37 publications

Sustainable entrepreneurship development in Oman: a multi-stakeholder qualitative study

Sustainable entrepreneurship development in Oman: a multi-stakeholder qualitative study

An empirical Study on Impact of Intellectual Human Capital on Corporate Social Innovation

A Methodological Framework to Predict Future Market Needs for Sustainable Skills Management Using AI and Big Data Technologies

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