Leadership Development And Succession Practices In Family Businesses In Saudi Arabia (Dissertation Sample)
Carry out a sustained, independent research project, involving an individual piece of conceptual, applied or work-related research, culminating in the writing of a project report of approximately 12,000- 15,000 words.source..
Despite the definition of family business used, it is vital to note that, they contribute immensely to the gross domestic product of Saudi Arabia. According to Ramady and Sohail (2010), family business forms an important infrastructure for boosting economic activities and the creation of wealth in Saudi Arabia. Globally, the family business has played an important role in economic development. A study done by Astrachan and Shanker 2003 reveal that over two-thirds of the businesses worldwide are managed by family enterprises. This contributes to over half of the GDP-economic activity. For instance, in USA and Canada, about ninety percent of the business is family owned (Zata, Poutziouris, Steier and Smyrnios 2004 pp. 8). Despite the importance of family business, research on this area has attracted little attention from scholars (Getz and Carlsen 2000 pp. 556). Being a generally new field of study, improvements have been to some degree constrained by a Succession of variables including the disappointment of researchers and experts to build up an agreement on what constitutes a family business and additionally the selection of hypothetically thorough research techniques, with deficiency of robust survey designs and sound statistical analysis. (Zata, Poutziouris, Steier and Smyrnios 2004 pp. 11). Prior research on family-owned businesses in Saudi Arabia and the Middle Eastern Gulf, has been to a great extent in the space of experts and scholars highlighting the significance of family business in terms of its economic impact on the society/ nation, its capability to create employment opportunities and capital flow.
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