A Comparative Analysis of Start-Up Entrepreneurship Support between the UK and Kingdom of Saudi Arabia

Abdulaziz Abdulmohsen Al Falih

Abstract


Start-ups in many countries face numerous challenges especially the inadequacy of financial and professional support. Lending to startups is perceived as risky due to the high possibility of business failures.  Globally, there is a consensus on the significance of entrepreneurship particularly for social and economic development. Consequently, the correlation between startups and entrepreneurial support has attracted immense interests from researchers and policymakers.

In this paper, the researcher sought to identify the support systems availed to startups in the UK and Sudi Arabia and compare the ease of establishing new businesses between the two countries. A qualitative and quantitative research approach was adopted with a sample of 100 participants from each country. The data collected wasanalysed using statistical package for social scientists (SPSS) and presented in the form of tables and graphs. The results showed that government support systems had a significant impact on the performance of startup entrepreneurship in the two countries under consideration. It was also found that startup entrepreneurship support systems were more favorable in the UK than in Saudi Arabia. In conclusion, the researcher formulated some recommendations for increasing support for startup entrepreneurship in both countries including the provision of practical programs for encouraging entrepreneurial mindsets, especially among learners.

Full Text:

PDF

References


Alfaadhel, S. (2011). An empirical study of critical sucess factors for small and medium enterprises in Saudi Arabia. Challenges and Opportunities (Doctoral dissertation, University of Bradford).

Alrashidi, Y. A. (2013). Exporting motivations and Saudi SMEs: An exploratory study. World, 3(6).

Arianoff, A. (2010). Role of SMEs in the Development of a Region.International InformationCentre.Vol.16, No.5.

Åsvoll, H., & Jacobsen, P. J. (2012). A case study: Action based Entrepreneurship education how experience problems can be overcome, and collaboration problems mitigated. Journal of Entrepreneurship Education, 15, 75.

Autio, E. (2013). Global entrepreneurship and development index 2013. Edward Elgar Publishing.

Cetindamar, D., Gupta, V. K., Karadeniz, E. E., &Egrican, N. (2012). What the numbers tell: The impact of human, family and financial capital on women and men's entry into entrepreneurship in Turkey.Entrepreneurship & Regional Development, 24(1-2), 29-51.

Cotterill, K. (2011, June). Entrepreneurs' response to failure in early stage technology ventures: A comparative study. In Technology Management Conference (ITMC), 2011 IEEE International (pp. 29-39). IEEE.

Cotterill, K. (2012). A comparative study of entrepreneurs' attitudes to failure in technology ventures. International Journal of Innovation Science, 4(2), 101-116.

Dietrich M. &Krafft J. (2012). Handbook of Economics and Theory of the Firm, UK:

Dubos, R., (2017). Social capital: Theory and research. Routledge.

Edward Elgar publishing limited

Estrin, S., Mickiewicz, T., & Stephan, U. (2011). For benevolence and for self-interest: Social and commercial entrepreneurial activity across nations.

Estrin, S., Mickiewicz, T., & Stephan, U. (2011). For benevolence and for self-interest: Social and commercial entrepreneurial activity across nations.

Estrin, S., Mickiewicz, T., & Stephan, U. (2013). Entrepreneurship, social capital, and institutions: Social and commercial entrepreneurship across nations. Entrepreneurship theory and practice, 37(3), 479-504.

Fortunato, M. W., & Alter, T. (2015). Community entrepreneurship development: an introduction. Community Development, 46(5), 444-455.

Fraser, S., Bhaumik, S. K., & Wright, M. (2015). What do we know about entrepreneurial finance and its relationship with growth? International Small Business Journal, 33(1), 70-88.

Gravetter, F.J. &Wallnau, L.B., (2016). Statistics for the behavioral sciences. Cengage Learning.

Griffiths, M. D., Gundry, L. K., &Kickul, J. R. (2013). The socio-political, economic, and cultural determinants of social entrepreneurship activity: An empirical examination. Journal of Small Business and Enterprise Development, 20(2), 341-357.

Harms, R., Luck, F., Kraus, S., & Walsh, S. (2014). On the motivational drivers of gray entrepreneurship: An exploratory study. Technological forecasting and social change, 89, 358-365.

Hoogendoorn, B. (2016). The prevalence and determinants of social entrepreneurship at the macro level. Journal of Small Business Management, 54, 278-296.

Huarng, K. H., & Ribeiro-Soriano, D. E. (2014). Developmental management: Theories, methods, and applications in entrepreneurship, innovation, and sensemaking. Journal of Business Research, 67(5), 657-662.

Kidder, D. (2012). The Start-up Playbook: Secrets of the Fastest Growing Start-ups from their founding Pioneers. California: USA: Chronical Books LLC

Lawrence, A. M., Lewis, D. A. & Elsie, H. A. (2011) Incubating Success: Incubation best practices that lead to successful new ventures. Institute for research on Labor employment and the economy. USA.

Lepoutre, J., Justo, R., Terjesen, S., &Bosma, N. (2013). Designing a global standardized methodology for measuring social entrepreneurship activity: The Global Entrepreneurship Monitor social entrepreneurship study. Small Business Economics, 40(3), 693-714.

Levie, J., & Hart, M. (2011). Business and social entrepreneurs in the UK: Gender, context and commitment. International Journal of Gender and Entrepreneurship, 3(3), 200-217.

Lorenzi, V. & Sorensen, H.E. (2014). Business development capability: Insights from the biotechnology industry. University of Milan: Bicocca.

Rathaermel, F. T (2012). Strategic management concepts. New York, McGraw Hill.

Roy, A., Brumagim, A., &Goll, I. (2014). Predictors of social entrepreneurship success: A cross-national analysis of antecedent factors. Journal of Social Entrepreneurship, 5(1), 42-59.

Salamzadeh, A., &KawamoritaKesim, H. (2015). Startup companies: life cycle and challenges.

Sledzik, K (2013). Schumpeter’s View on Innovation and Entrepreneurship. University of Golansk, Poland

Stenholm, P., Acs, Z. J., &Wuebker, R. (2013). Exploring country-level institutional arrangements on the rate and type of entrepreneurial activity. Journal of Business Venturing, 28(1), 176-193.

Szerb, L. A., Acs, Z., &Autio, E. (2013). Entrepreneurship and policy: The national system of entrepreneurship in the European Union and in its member countries. Entrepreneurship research journal, 3(1), 9-34.

Tarek, B. E. N. (2016). Explaining the intent to start a business among Saudi Arabian University Students.International Review of Management and Marketing, 6(2), 345-353.

Tengeh, R. K. &Choto, P. (2015). The Relevance and Challenges of Business incubators that Support Survivalist entrepreneurs. Investment Management and Financial Innovations.

Thompson et al., (2010). Crafting and executing strategy (17th edition). New York, USA: McGraw HillIrwin

Tokila, A. (2011). Econometric studies of public support to entrepreneurship. Jyväskylä studies in business and economics, (104).

Valdiserri et al., (2010). The study of leadership in business organization: Impact on profitability and organizational success.

Warner A. G. (2010). Strategic analysis and choice: a structured approach. New York, USA: Business expert press

Zamberi Ahmad, S. (2012). Micro, small and medium-sized enterprises development in the Kingdom of Saudi Arabia: Problems and constraints. World Journal of Entrepreneurship, Management and Sustainable Development, 8(4), 217-232.




DOI: https://doi.org/10.5296/jebi.v7i2.17511

Refbacks

  • There are currently no refbacks.


Copyright (c) 2020 Abdulaziz Abdulmohsen Al Falih

Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.

Journal of Entrepreneurship and Business Innovation  ISSN 2332-8851  Email:jebi@macrothink.org

Copyright © Macrothink Institute 

To make sure that you can receive messages from us, please add the 'macrothink.org' domains to your e-mail 'safe list'. If you do not receive e-mail in your 'inbox', please check your 'spam' or 'junk' folder.