IN-COUNTRY VALUE (ICV) – ENTREPRENEURIAL OPPORTUNITIES IN THE COMPANIES OF OMAN

International Journal of Management, Innovation & Entrepreneurial Research

View Publication Info
 
 
Field Value
 
Title IN-COUNTRY VALUE (ICV) – ENTREPRENEURIAL OPPORTUNITIES IN THE COMPANIES OF OMAN
 
Creator Shezawi, Halima Ali Al
Khan, Dr. M. Firdouse Rahman
 
Subject In-Country Value
Human Resources
Local Community Development
Local Procurement
Capital Investment
Small and Medium Enterprises
Entrepreneurs
 
Description Purpose
The objectives of the study are to analyze to the opportunities created for the new entrepreneurs through the In-Country Value (ICV) scheme; to analyze the benefits earned by the entrepreneurs through ICV in the selected companies of Oman and to critically analyze the impact of in-country value in the economic growth of Oman.
Design/methodology/approach
To carry out this research study, exploratory approach was adopted. Secondary data were obtained from seven selected companies in Oman, and the data was collected from the four perspectives of ICV, and the collected data was analyzed, and the conclusion was drawn.
Findings
The study reveals that ICV initiatives have brought a great change in the local economy through enhancement of human skills and exploration of the capabilities of human resources and the potentialities of SMEs and the ICV strategy opens opportunities to the new entrepreneurs from the local community to come up with self-employment and encourages local entrepreneurs.
Research limitations/Implications
The study reveals that the selected companies are following their own pattern of plans, programs, and strategies and there is no uniform pattern to adjudge their performances. The Ministries should define clear guidelines and periodic reports should be generated and should be publicized that will boost up the morale of the budding entrepreneurs and the local Small & Medium Enterprises (SMEs).
Social implications
The study reveals that the ICV strategy adds value to the growth of local economy and thereby the national economy through the efforts of SMEs of Oman.
 Originality/Value
No one has ever examined the effect of ICV strategy in the local and economic development of Oman, it is a first-hand study of its kind, and the results will be useful to streamline the strategies for ICV initiatives.
 
Publisher GIAP Journals
 
Date 2018-04-03
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
"Peer-reviewed Article", "Non-refereed Book Review", "Invited Commentary"
 
Format application/pdf
 
Identifier https://giapjournals.com/ijmier/article/view/ijmier.2018.415
10.18510/ijmier.2018.415
 
Source International Journal of Management, Innovation & Entrepreneurial Research; Vol. 4 No. 1 (2018); 25-41
2395-7662
 
Language eng
 
Relation https://giapjournals.com/ijmier/article/view/ijmier.2018.415/517
 

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