IDEAS home Printed from https://ideas.repec.org/a/aip/access/v5y2024i3p562-578.html
   My bibliography  Save this article

The impact of entrepreneurship on economic and social development: a study on entrepreneurial projects in Saudi Arabia

Author

Listed:
  • Mahmoud M. AL-AJLOUNI

    (Northern Border University, Saudi Arabia)

  • Mohamed Ali SAAD

    (Northern Border University, Saudi Arabia)

Abstract

Objectives: The objective of this study is to examine the impact of entrepreneurship on economic and social development, focusing on entrepreneurial projects in the Northern Borders Region of Saudi Arabia. Methods/Approach: The authors employed a descriptive analytical approach, gathering theoretical information from library sources and data by developing a questionnaire consisting of 32 items. This questionnaire was distributed to 151 individuals, including managers and owners of entrepreneurial projects who benefit from the services of the National Entrepreneurship Institute in the Northern Borders Region of Saudi Arabia. The number of valid questionnaires collected for analysis was 112, resulting in a response rate of 74%. Results: The preliminary analysis suggests that there is no statistically significant difference in the perception of the study sample regarding the dimensions of entrepreneurship (innovation, initiative, independence, exclusivity, and risk-taking) based on gender. Additionally, a significant correlation was found between all dimensions of entrepreneurship and economic and social development. The strongest correlation was between risk-taking and economic and social development, whereas uniqueness showed the weakest correlation with economic and social development. The study also revealed a strong, positive, and statistically significant impact of entrepreneurship on economic and social development. Conclusions: These results are important for improving entrepreneurial practices, and entrepreneurs must realize the importance of social responsibility and its impact on business success and positive societal impact. It is also necessary to understand the nature of entrepreneurial talent when determining the type of education and training required.

Suggested Citation

  • Mahmoud M. AL-AJLOUNI & Mohamed Ali SAAD, 2024. "The impact of entrepreneurship on economic and social development: a study on entrepreneurial projects in Saudi Arabia," Access Journal, Access Press Publishing House, vol. 5(3), pages 562-578, July.
  • Handle: RePEc:aip:access:v:5:y:2024:i:3:p:562-578
    DOI: 10.46656/access.2023.5.3(11)
    as

    Download full text from publisher

    File URL: https://journal.access-bg.org/journalfiles/journal/issue-5-3-2024/the_impact_of_entrepreneurship_on_economic_and_social_development.pdf
    Download Restriction: no

    File URL: https://libkey.io/10.46656/access.2023.5.3(11)?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Keywords

    Entrepreneurship; economic development; Social Development; Northern Borders Region;
    All these keywords.

    JEL classification:

    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • M20 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - General
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • B55 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Social Economics

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:aip:access:v:5:y:2024:i:3:p:562-578. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Mariana Petrova (email available below). General contact details of provider: https://access-bg.org/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.