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9781118943960 1118943961 An investor's crucial guide to the changing face of Saudi Arabian business Business and Entrepreneurship in Saudi Arabia is an essential reference guide, informing investors on the key issues that define how business will be done as the nation's family-owned businesses change hands. Supported by the U.S.-Saudi Arabian Business Council, this book introduces the reader to the new Saudi entrepreneur and explains why Saudi Arabia's boom deserves more of the world's attention. As the heads of family-owned businesses age and corporate boards are reshaped, business practices will be influenced by the ascension of the country's young leaders. Interviews with young Saudi entrepreneurs describe the challenges, triumphs, failed attempts, and successful endeavors they experience every day as time-tested traditional models bump up against more modern, innovative ideas and methods. The book's companion website features a variety of useful tools and documents that help readers implement the concepts presented, and the firsthand information provides deep insight into the future of these companies. Saudi Arabia is profoundly influencing the technological advances of multiple industries through increasing collaboration and in-country partnerships with communities around the world. The evolution of the Kingdom's family-owned businesses is becoming more important to investors as young Saudis claim their legacies, and this book provides an insightful understanding of the changing nature of Saudi business. Meet the emerging entrepreneur class of Saudi Arabia Learn how the Saudi boom affects global business Discover what investors need to know about the Saudi economy Examine how time and technology is reshaping the way business is done Gain useful insight into the direction management of the Kingdom's growth will take over the next five years The Saudi economy constitutes thirty percent of the Arab world's GDP, and sixty percent of the population is under the age of thirty. Business and Entrepreneurship in Saudi Arabia provides essential information investors need to navigate the changing tide of doing business in Saudi Arabia., Drawing on his years of experience in counseling American business, in government as a diplomat living and working in Saudi Arabia, and as a businessman, Edward Burton introduces the reader to the emerging new class of entrepreneurs in the Kingdom of Saudi Arabia. The book tells the story of Saudi Arabia's boom and why it deserves more of the world's attention from a global business perspective. Much of the book's content focuses on the transformative effects the aging of its family-owned business leaders are having on the reshaping of corporate boards, influencing technological innovation and changing the way business is done in what is one of the world's youngest and wealthiest countries. The book's thrust is answering the question why Saudi Arabia's current industrial and economic boom has relevance to global business and why it is important to American competitiveness to better know and understand Saudi Arabia. This book is important for investors also because of the following facts about Saudi Arabia: It has been a member of the G-20 since 1999 and is its only Arab country member. The size and strength of its economy is undeniable, constituting half of the Arabian Gulf's GDP and 30 percent of the entire Arab world's GDP. Saudi Arabia enjoyed a 6.8 percent growth rate in 2012, and will best most of its fellow G-20 constituent members in GDP growth this year. 60 percent of the country's population is below the age of 30. The major theme of this book will be the ascension of the country's young entrepreneurial leaders. Interviews with young Saudi entrepreneurs will describe, in their own words, the challenges, triumphs, failed attempts and successful endeavors they experience every day. Some continue to respect and value instructions given them by the older generation as to time-tested methods of conducting business in the Kingdom. While others view shedding what they believe are antiquated business models or uncompetitive and outdated core competencies in a country rapidly experiencing increased foreign competition as a matter not only of survival, but longevity and primacy as well.
9781118943960 1118943961 An investor's crucial guide to the changing face of Saudi Arabian business Business and Entrepreneurship in Saudi Arabia is an essential reference guide, informing investors on the key issues that define how business will be done as the nation's family-owned businesses change hands. Supported by the U.S.-Saudi Arabian Business Council, this book introduces the reader to the new Saudi entrepreneur and explains why Saudi Arabia's boom deserves more of the world's attention. As the heads of family-owned businesses age and corporate boards are reshaped, business practices will be influenced by the ascension of the country's young leaders. Interviews with young Saudi entrepreneurs describe the challenges, triumphs, failed attempts, and successful endeavors they experience every day as time-tested traditional models bump up against more modern, innovative ideas and methods. The book's companion website features a variety of useful tools and documents that help readers implement the concepts presented, and the firsthand information provides deep insight into the future of these companies. Saudi Arabia is profoundly influencing the technological advances of multiple industries through increasing collaboration and in-country partnerships with communities around the world. The evolution of the Kingdom's family-owned businesses is becoming more important to investors as young Saudis claim their legacies, and this book provides an insightful understanding of the changing nature of Saudi business. Meet the emerging entrepreneur class of Saudi Arabia Learn how the Saudi boom affects global business Discover what investors need to know about the Saudi economy Examine how time and technology is reshaping the way business is done Gain useful insight into the direction management of the Kingdom's growth will take over the next five years The Saudi economy constitutes thirty percent of the Arab world's GDP, and sixty percent of the population is under the age of thirty. Business and Entrepreneurship in Saudi Arabia provides essential information investors need to navigate the changing tide of doing business in Saudi Arabia., Drawing on his years of experience in counseling American business, in government as a diplomat living and working in Saudi Arabia, and as a businessman, Edward Burton introduces the reader to the emerging new class of entrepreneurs in the Kingdom of Saudi Arabia. The book tells the story of Saudi Arabia's boom and why it deserves more of the world's attention from a global business perspective. Much of the book's content focuses on the transformative effects the aging of its family-owned business leaders are having on the reshaping of corporate boards, influencing technological innovation and changing the way business is done in what is one of the world's youngest and wealthiest countries. The book's thrust is answering the question why Saudi Arabia's current industrial and economic boom has relevance to global business and why it is important to American competitiveness to better know and understand Saudi Arabia. This book is important for investors also because of the following facts about Saudi Arabia: It has been a member of the G-20 since 1999 and is its only Arab country member. The size and strength of its economy is undeniable, constituting half of the Arabian Gulf's GDP and 30 percent of the entire Arab world's GDP. Saudi Arabia enjoyed a 6.8 percent growth rate in 2012, and will best most of its fellow G-20 constituent members in GDP growth this year. 60 percent of the country's population is below the age of 30. The major theme of this book will be the ascension of the country's young entrepreneurial leaders. Interviews with young Saudi entrepreneurs will describe, in their own words, the challenges, triumphs, failed attempts and successful endeavors they experience every day. Some continue to respect and value instructions given them by the older generation as to time-tested methods of conducting business in the Kingdom. While others view shedding what they believe are antiquated business models or uncompetitive and outdated core competencies in a country rapidly experiencing increased foreign competition as a matter not only of survival, but longevity and primacy as well.