Dr Omanization Policies and Entrepreneurship
Keywords:Wage Policies, Omanization, entrepreneurial initiatives, Qualitative research
This study mainly focuses on influence of system and policies on businesses in Oman. The study explores the strength, weakness, opportunities and challenges of entrepreneurship initiatives. This project strategizes plan and solution thereof to improve Omanization program, entrepreneurship, local worker’s commitment and skill. To achieve the objectives, qualitative method is used. In qualitative method, convenient sampling and semi-structured questionnaire were implemented to conduct interview and finally content analysis and thematic analysis was applied. The finding reveals that lack of related business experience, education, knowledge (formal and informal education and tacit knowledge), traditional thinking of bureaucrats in ministries, lengthy procedure to start business and omanization policies and business network are the key factors that hinder entrepreneurial initiatives. Wage policies and employee quota or ratio are also discouraging individuals to take entrepreneurial initiative. Entrepreneurial and business education is given in English medium instead Arabic that also cause of low level of understanding to theoretical knowledge of entrepreneurship in Oman. There is need to Replace Centralized system with Distributed System in Oman for businesses to increase entrepreneur businesses as because of lengthy procedure and centralize system many individuals give up to take initiate of business. Wages to labour should be paid on equilibrium level (WL=SL = DL) for economic prosperity in the long run. Current study contributes socially, economically and politically.