IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v15y2023i9p7537-d1139332.html
   My bibliography  Save this article

Investigations on Entrepreneurship Needs, Challenges, and Models for Countries in Transition to Sustainable Development from Resource-Based Economy—Qatar as a Case

Author

Listed:
  • Mohammad I. Al-Housani

    (Division of Sustainable Development, College of Science and Engineering, Hamad Bin Khalifa University, Qatar Foundation, Education City, Doha P.O. Box 34110, Qatar)

  • Muammer Koç

    (Division of Sustainable Development, College of Science and Engineering, Hamad Bin Khalifa University, Qatar Foundation, Education City, Doha P.O. Box 34110, Qatar)

  • Mohammed S. Al-Sada

    (Division of Sustainable Development, College of Science and Engineering, Hamad Bin Khalifa University, Qatar Foundation, Education City, Doha P.O. Box 34110, Qatar)

Abstract

This paper presents a comprehensive and comparative investigation into the needs, challenges, and potential roles for entrepreneurship in transforming resource-rich countries into sustainable economies. It explores the role of entrepreneurship to help transition from a resource-based economy, mainly through increasing the number of entrepreneurs and enhancing private-enterprise-led and small and medium enterprises to achieve economic diversification. This study focuses on the case of Qatar, considering its current policies, mechanisms, and institutes, and how they are working together to help diversify the economy and ultimately transition from its current resource-based economy. It begins with a comprehensive review of the literature, including a discussion of the significance of economic diversification globally and examining the role of government and other actors in developing entrepreneurship and the private sector. The methodology and conditions are set out, followed by the findings of the qualitative interview study with key and representative stakeholders within the existing entrepreneurship arena, such as entrepreneurs (successful or failed), those wanting to be entrepreneurs, policymakers, investors, and supporting agencies. The interviews are thematically analyzed to identify apparent challenges, their root causes, and initial recommendations. Three barriers in the entrepreneurship ecosystem in Qatar are identified: (1) lack of a conducive and transparent legal, regulatory, and governance environment, (2) lack of access to risk-based financing for entrepreneurs, and (3) lack of locally relevant entrepreneurial mentorship and guidance. Finally, the authors used the literature review and interview results to develop a progressive, locally tailored, dynamic preliminary framework for Qatar, and similar countries, to increase the number of entrepreneurs and small businesses to achieve economic growth and diversification.

Suggested Citation

  • Mohammad I. Al-Housani & Muammer Koç & Mohammed S. Al-Sada, 2023. "Investigations on Entrepreneurship Needs, Challenges, and Models for Countries in Transition to Sustainable Development from Resource-Based Economy—Qatar as a Case," Sustainability, MDPI, vol. 15(9), pages 1-28, May.
    • Handle: RePEc:gam:jsusta:v:15:y:2023:i:9:p:7537-:d:1139332
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/15/9/7537/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2071-1050/15/9/7537/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Ali E. Ahmed & Deniz Ucbasaran & Gabriella Cacciotti & Trenton A. Williams, 2022. "Integrating Psychological Resilience, Stress, and Coping in Entrepreneurship: A Critical Review and Research Agenda," Entrepreneurship Theory and Practice, , vol. 46(3), pages 497-538, May.
    2. Francesco Quatraro & Marco Vivarelli, 2015. "Drivers of Entrepreneurship and Post-entry Performance of Newborn Firms in Developing Countries," The World Bank Research Observer, World Bank, vol. 30(2), pages 277-305.
    3. Ionela DUMITRU & Ionuţ DUMITRU, 2018. "Drivers of Entrepreneurial Intentions in Romania," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(1), pages 157-166, December.
    4. Btool H. Mohamed & Mustafa Disli & Mohammed bin Saleh Al-Sada & Muammer Koç, 2022. "Investigation on Human Development Needs, Challenges, and Drivers for Transition to Sustainable Development: The Case of Qatar," Sustainability, MDPI, vol. 14(6), pages 1-26, March.
    5. Robert W. Fairlie & Frank M. Fossen, 2018. "Opportunity versus Necessity Entrepreneurship: Two Components of Business Creation," SOEPpapers on Multidisciplinary Panel Data Research 959, DIW Berlin, The German Socio-Economic Panel (SOEP).
    6. Inna Kozlinska, 2012. "Fundamental View Of The Outcomes Of Entrepreneurship Education," University of Tartu - Faculty of Economics and Business Administration Working Paper Series 90, Faculty of Economics and Business Administration, University of Tartu (Estonia).
    7. Araby Madbouly & Huda Al Khayyal & Anwar Mourssi & Waleed Al Wakeel, 2021. "Determinants of GCC Women Entrepreneurs Performance: Are they Different from Men?," Journal of Asian Business Strategy, Asian Economic and Social Society, vol. 11(2), pages 83-94, December.
    8. Ari, Ibrahim & Akkas, Erhan & Asutay, Mehmet & Koç, Muammer, 2019. "Public and private investment in the hydrocarbon-based rentier economies: A case study for the GCC countries," Resources Policy, Elsevier, vol. 62(C), pages 165-175.
    9. Kingsley C. Njoku & Thomas M. Cooney, 2020. "How Does the Man-Know-Man Network Culture Influence Transnational Entrepreneurship?," Journal of Entrepreneurship and Innovation in Emerging Economies, Entrepreneurship Development Institute of India, vol. 6(1), pages 163-181, January.
    10. Heliona Miço & Jonida Cungu, 2023. "Entrepreneurship Education, a Challenging Learning Process towards Entrepreneurial Competence in Education," Administrative Sciences, MDPI, vol. 13(1), pages 1-21, January.
    11. Rodica Crudu, 2019. "The Role of Innovative Entrepreneurship in the Economic Development of EU Member Countries," Journal of Entrepreneurship, Management and Innovation, Fundacja Upowszechniająca Wiedzę i Naukę "Cognitione", vol. 15(1), pages 35-60.
    12. Btool H. Mohamed & Ibrahim Ari & Mohammed bin Saleh Al-Sada & Muammer Koç, 2021. "Strategizing Human Development for a Country in Transition from a Resource-Based to a Knowledge-Based Economy," Sustainability, MDPI, vol. 13(24), pages 1-27, December.
    13. Ramírez-Cendrero, Juan M. & Wirth, Eszter, 2016. "Is the Norwegian model exportable to combat Dutch disease?," Resources Policy, Elsevier, vol. 48(C), pages 85-96.
    14. Muneera Al-Qahtani & Mariem Fekih Zguir & Ibrahim Ari & Muammer Koç, 2022. "Female Entrepreneurship for Sustainable Economy and Development—Challenges, Drivers, and Suggested Policies for Resource-Rich Countries," Sustainability, MDPI, vol. 14(20), pages 1-39, October.
    15. Abdullah Kaya & Evren Tok & Muammer Koc & Toufic Mezher & I-Tsung Tsai, 2019. "Economic Diversification Potential in the Rentier States towards a Sustainable Development: A Theoretical Model," Sustainability, MDPI, vol. 11(3), pages 1-28, February.
    16. Raymond K. Van Ness & Charles F. Seifert & Janet H. Marler & William J. Wales & Mark E. Hughes, 2020. "Proactive Entrepreneurs: Who Are They and How Are They Different?," Journal of Entrepreneurship and Innovation in Emerging Economies, Entrepreneurship Development Institute of India, vol. 29(1), pages 148-175, March.
    17. Alan Barrell & Joanne Hsu, 2019. "Exploring and Preparing for Successful Cross-continental Knowledge and Technology Transfer: A Case Study on International Open Innovation," Journal of Entrepreneurship and Innovation in Emerging Economies, Entrepreneurship Development Institute of India, vol. 5(1), pages 60-76, January.
    18. Abdulrahman M. Jolo & Ibrahim Ari & Muammer Koç, 2022. "Driving Factors of Economic Diversification in Resource-Rich Countries via Panel Data Evidence," Sustainability, MDPI, vol. 14(5), pages 1-14, February.
    19. Ramnarayan Subramaniam & Raj Krishnan Shankar, 2020. "Three Mindsets of Entrepreneurial Leaders," Journal of Entrepreneurship and Innovation in Emerging Economies, Entrepreneurship Development Institute of India, vol. 29(1), pages 7-37, March.
    20. Araby Madbouly & Huda Al Khayyal & Anwar Mourssi & Waleed Al Wakeel, 2021. "Determinants of GCC Women Entrepreneurs Performance: Are they Different from Men?," Journal of Asian Business Strategy, Asian Economic and Social Society, vol. 11(2), pages 83-94.
    21. Dan K. Hsu & Johan Wiklund & Richard D. Cotton, 2017. "Success, Failure, and Entrepreneurial Reentry: An Experimental Assessment of the Veracity of Self–Efficacy and Prospect Theory," Entrepreneurship Theory and Practice, , vol. 41(1), pages 19-47, January.
    22. Ayala, Juan-Carlos & Manzano, Guadalupe, 2014. "The resilience of the entrepreneur. Influence on the success of the business. A longitudinal analysis," Journal of Economic Psychology, Elsevier, vol. 42(C), pages 126-135.
    23. Mona M. Al-Kuwari & Luluwah Al-Fagih & Muammer Koç, 2021. "Asking the Right Questions for Sustainable Development Goals: Performance Assessment Approaches for the Qatar Education System," Sustainability, MDPI, vol. 13(7), pages 1-28, April.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Mohammad I. Al-Housani & Mohammed S. Al-Sada & Muammer Koç, 2024. "Innovation Ecosystem for Resource-Rich Countries: Validation of Entrepreneurship Framework for Qatar as a Case," Sustainability, MDPI, vol. 16(7), pages 1-25, April.
    2. Ana Alexandra Mocanu & Gabriel Brătucu & Eliza Ciobanu & Ioana Bianca Chițu & Anita Cornelia Szakal, 2024. "Can the Circular Economy Unlock Sustainable Business Growth? Insights from Qualitative Research with Specialists in Romania," Sustainability, MDPI, vol. 16(5), pages 1-28, February.
    3. Dong, Weiwei & Niu, XiaoQin & Nassani, Abdelmohsen A. & Naseem, Imran & Zaman, Khalid, 2024. "E-commerce mineral resource footprints: Investigating drivers for sustainable mining development," Resources Policy, Elsevier, vol. 89(C).
    4. Sonia Chetouane & Hania Chetouane, 2023. "Digital Business Incubators and Digital Entrepreneurship: The case of Digital Incubation Center in Qatar," Croatian Review of Economic, Business and Social Statistics, Sciendo, vol. 9(1), pages 33-50, July.
    5. Tanweer, Syeda Zainab & Shah, Muhammad Saud & Nabi, Agha Ammad & Mukhi, Aftab Ali & Ahad, Muhammad, 2023. "Accelerating Growth: Unleashing the Power of Accelerator Programs as Strategic Investments for Startups in Pakistan," MPRA Paper 117474, University Library of Munich, Germany, revised 28 May 2023.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Muneera Al-Qahtani & Mariem Fekih Zguir & Ibrahim Ari & Muammer Koç, 2022. "Female Entrepreneurship for Sustainable Economy and Development—Challenges, Drivers, and Suggested Policies for Resource-Rich Countries," Sustainability, MDPI, vol. 14(20), pages 1-39, October.
    2. Tarek Ben Hassen, 2022. "A Transformative State in the Wake of COVID-19: What Is Needed to Enable Innovation, Entrepreneurship, and Education in Qatar?," Sustainability, MDPI, vol. 14(13), pages 1-24, June.
    3. Abdulrahman M. Jolo & Ibrahim Ari & Muammer Koç, 2022. "Driving Factors of Economic Diversification in Resource-Rich Countries via Panel Data Evidence," Sustainability, MDPI, vol. 14(5), pages 1-14, February.
    4. Muneera Al-Qahtani & Mariem Fekih Zguir & Luluwah Al-Fagih & Muammer Koç, 2022. "Women Entrepreneurship for Sustainability: Investigations on Status, Challenges, Drivers, and Potentials in Qatar," Sustainability, MDPI, vol. 14(7), pages 1-27, March.
    5. Marjolein C. J. Caniëls & Anna Motylska-Kuźma, 2023. "Entrepreneurial intention and creative performance – the role of distress tolerance," International Entrepreneurship and Management Journal, Springer, vol. 19(3), pages 1131-1152, September.
    6. Abdulrahman M. Jolo & Muammer Koç, 2023. "The Impact of Capital Formation on Economic Diversification in GCC Countries—Empirical Analysis Based on the PVAR Model," Sustainability, MDPI, vol. 15(14), pages 1-11, July.
    7. Wadha A Al-Thani & Ibrahim Ari & Muammer Koç, 2021. "Education as a Critical Factor of Sustainability: Case Study in Qatar from the Teachers’ Development Perspective," Sustainability, MDPI, vol. 13(20), pages 1-32, October.
    8. Santoro, Gabriele & Bertoldi, Bernardo & Giachino, Chiara & Candelo, Elena, 2020. "Exploring the relationship between entrepreneurial resilience and success: The moderating role of stakeholders' engagement," Journal of Business Research, Elsevier, vol. 119(C), pages 142-150.
    9. Btool H. Mohamed & Mustafa Disli & Mohammed bin Saleh Al-Sada & Muammer Koç, 2022. "Investigation on Human Development Needs, Challenges, and Drivers for Transition to Sustainable Development: The Case of Qatar," Sustainability, MDPI, vol. 14(6), pages 1-26, March.
    10. Ida Ketut Kusumawijaya, 2019. "Predicting the Unseen: Entrepreneurial Opportunity on Entrepreneurial Intention," International Review of Management and Marketing, Econjournals, vol. 9(5), pages 141-149.
    11. Ruijie Zhu & Guojing Zhao & Zehai Long & Yangjie Huang & Zhaoxin Huang, 2022. "Entrepreneurship or Employment? A Survey of College Students’ Sustainable Entrepreneurial Intentions," Sustainability, MDPI, vol. 14(9), pages 1-15, May.
    12. Irene Bertschek & Joern Block & Alexander S. Kritikos & Caroline Stiel, 2024. "German financial state aid during Covid-19 pandemic: Higher impact among digitalized self-employed," Entrepreneurship & Regional Development, Taylor & Francis Journals, vol. 36(1-2), pages 76-97, January.
    13. Chi, Mingyuan & Ping, Wang, 2024. "Resources abundant economies and sustainability of economic growth: A novel panel evidence of high resources economies," Resources Policy, Elsevier, vol. 88(C).
    14. Hau-Lin Tam & Edward Asamoah & Angus Yuk-Fung Chan, 2021. "Developing Social Entrepreneurship as an Intervention to Enhance Disadvantaged Young People’s Sense of Self-Worth and Career Competence in Hong Kong," Applied Research in Quality of Life, Springer;International Society for Quality-of-Life Studies, vol. 16(6), pages 2497-2526, December.
    15. Menzies, Jane & Chavan, Meena & Jack, Robert & Scarparo, Simona & Chirico, Francesco, 2024. "Australian indigenous female entrepreneurs: The role of adversity quotient," Journal of Business Research, Elsevier, vol. 175(C).
    16. Patrick Ssekitoleko & Ifeanyi Mbukanma, 2022. "Advancing the Growth of Foreign Direct Investment Equity Inflow Amid Covid-19 Pandemic: An Exploratory Study of South Africa Context," Academic Journal of Interdisciplinary Studies, Richtmann Publishing Ltd, vol. 11, November.
    17. Martín-Rojas, Rodrigo & Garrido-Moreno, Aurora & García-Morales, Víctor J., 2023. "Social media use, corporate entrepreneurship and organizational resilience: A recipe for SMEs success in a post-Covid scenario," Technological Forecasting and Social Change, Elsevier, vol. 190(C).
    18. Venables, Anthony & Duranton, Gilles, 2018. "Place-Based Policies for Development," CEPR Discussion Papers 12889, C.E.P.R. Discussion Papers.
    19. Elena Casprini & Tommaso Pucci & Lorenzo Zanni, 2023. "From growth goals to proactive organizational resilience: first evidence in women-led and non-women-led Italian wineries," Review of Managerial Science, Springer, vol. 17(3), pages 1017-1036, April.
    20. Rui Baptista & Murat Karaöz & João Correia Leitão, 2020. "Diversification by young, small firms: the role of pre-entry resources and entry mistakes," Small Business Economics, Springer, vol. 55(1), pages 103-122, June.

    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:gam:jsusta:v:15:y:2023:i:9:p:7537-:d:1139332. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    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.