Self-efficacy and Motivations among Saudi Employees toward Creating their Own Business

Adlah Alessa

doi:10.5539/ijbm.v12n6p75

Abstract

Saudi Arabia has a unique culture and society, which has influence on the way entrepreneurship is perceived and experienced. The survey of Saudi Arabian employees suggested that men tended to have a greater interest in entrepreneurship and more often wanted to quit their job in order to start a business. Male employees also had greater levels of self-efficacy towards starting a business. The study provides new empirical and comparative evidence drawn from diverse parts of Saudi society. In so doing, the study contributes new knowledge with regards to how Saudi Arabian society, culture, policies and the economy influence attitudes, perceptions and experiences of entrepreneurship.

Highlights

Saudi Arab’s economy has been largely dependent on its oil reserves
The globalization in the recent times demands countries to grow dependence on sustainable economy and since the reserves are non-renewable and rapidly running out, Saudi Arabia is in need of development in the entrepreneurial sector, and should “foster entrepreneurship and the development of SMEs” (2008), in order to move beyond dependence on oil revenues
This paper presents the analysis of the survey of male and female employees in Saudi Arabia

Summary

Introduction

Saudi Arab’s economy has been largely dependent on its oil reserves. The globalization in the recent times demands countries to grow dependence on sustainable economy and since the reserves are non-renewable and rapidly running out, Saudi Arabia is in need of development in the entrepreneurial sector, and should “foster entrepreneurship and the development of SMEs” (2008), in order to move beyond dependence on oil revenues. The shift in the attitude towards business and entrepreneurship in Saudi Arabia is quite demanding due to cultural and social barriers This area of study was ignored by the business researchers in the past but the inexorable globalisation has inspired researchers to perform international research, exploring cultural similarities and differences in terms of business practices and management philosophies. This has led to the study of Middle East and Arab world economies, trade developments in the region (Wilson, 1995,World Bank, 2003). The United Nations Development Program argued that ijbm.ccsenet.org

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