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Do PESTLE Factors Impact the Development of Non-oil Manufacturing Companies in Oman?

Author

Listed:
  • K. Ammani Ammal

    (Department of Business Studies, University of Technology and Applied sciences, IBRI, Sultanate of Oman)

  • Alanoud Rashid Nasser Al Jassasi

    (Bachelor in Accounting, University of Technology and Applied sciences, Ibri, Sultanate of Oman.)

  • Sheikha AlGhafri

    (Bachelor in Accounting, University of Technology and Applied sciences, Ibri, Sultanate of Oman.)

Abstract

One of the top priorities of Oman Industrial strategy 2040 is to have economic diversification and activate the role played by manufacturing sector in Oman. As the Oman public finances depend entirely on oil revenues, the development of Oman industrial sector is a key pillar of its long-term development strategy. So the present study aimed to identify and analyse the impact of PESTLE factors on the development of non-oil manufacturing companies in Oman and to suggest suitable measures to develop manufacturing companies in Oman. The researcher used both primary and secondary data for the purpose of the study. The primary data were collected through a structured questionnaire from the sample of 52 manufacturing companies of different sectors in Oman. Further, the researcher had preliminary discussions with the officials of the Department of Commerce, Industry, and Investment Promotion. The collected data were analysed with the help of appropriate statistical tools such as percentage, ANOVA, Independent Z-test, correlation, Regression, and Partial Least Square based Structure Equation Modelling. The results of the study showed that there is a positive relationship between PESTLE factors and the development of non-oil manufacturing companies in Oman.

Suggested Citation

  • K. Ammani Ammal & Alanoud Rashid Nasser Al Jassasi & Sheikha AlGhafri, 2022. "Do PESTLE Factors Impact the Development of Non-oil Manufacturing Companies in Oman?," International Journal of Energy Economics and Policy, Econjournals, vol. 12(6), pages 146-156, November.
    • Handle: RePEc:eco:journ2:2022-06-19
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    References listed on IDEAS

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    More about this item

    Keywords

    Non-Oil; Manufacturing companies; Economic Growth; PESTLE; Entrepreneurship;
    All these keywords.

    JEL classification:

    • B22 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Macroeconomics
    • H25 - Public Economics - - Taxation, Subsidies, and Revenue - - - Business Taxes and Subsidies
    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
    • L60 - Industrial Organization - - Industry Studies: Manufacturing - - - General
    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups

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