Senior Entrepreneurship and Family Business Vitality in Saudi Arabia

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Author(s): Jose Manuel Saiz-Alvarez (EGADE Business School, Tecnologico de Monterrey, Mexico & The Mexican Academy of Sciences, Mexico), Alicia Coduras (GERA, UK) and Muhammad Azam Roomi (Prince Mohammad Bin Salman College, Saudi Arabia)
Copyright: 2022
Pages: 20
Source title: Research Anthology on Strategies for Maintaining Successful Family Firms
Source Author(s)/Editor(s): Information Resources Management Association (USA)
DOI: 10.4018/978-1-6684-3550-2.ch042

Keywords: Business & Management / Business and Organizational Research / Business Science Reference / Small & Medium Enterprises

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Abstract

The Saudi economy constitutes 30% of the Arab world's GDP (gross domestic product). Traditionally focused on oil and natural gas, the economy is in the process of a structural transformation in which entrepreneurship has a pivotal role to play. Sixty percent of Saudi Arabia's population is under the age of 30. Against this background, this chapter will analyze senior entrepreneurship and the creation of family businesses in Saudi Arabia. Finally, the authors propose some measures for their generation.

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