Doing Business in Saudi Arabia - Cultural and Economic Implications

This paper discusses the cultural and economic implications of doing business in Saudi Arabia. It emphasizes the importance of understanding the religious views, language, and social stratification of the people. The paper also highlights the significance of customer service and skilled workforce in conducting business processes.

Doing Business in Saudi Arabia
0 | P a g e

Summary
Saudi Arabia is considered as one of the fastest growing market segments but it is not suitable
for the western enterprises in order to execute their respective business processes. The paper
presents different aspects for executing business process in Saudi Arabia. It has been seen that a
larger segment of the population throughout Saudi Arabia provides priority to the religious
values along with the ancient traditions of the concerned region and this generates great impact
on the execution and evaluation of the business market segments (Almazari, 2014). The paper
help in evaluating that a relationship can exists among the culture as well as cost of executing the
business in a particular country. It has been seen that the development of values helps in
constituting the desired culture and in generates crucial impact on the execution of the business
procedures. Different people have different attitudes and in order conduct the concerned business
processes in any of the country, it is important for the firm to investigate regarding the demands
and wishes of the customers as well as the people. Assisting people on the basis of their
respective values, beliefs and demands will help in improving overall reliability of the concerned
business procedures. There are few of the crucial determinants for the culture within the
concerned society and needs to be understood as this increases the execution of business methods
throughout a particular country (Alkhater et al., 2014). Moreover, the concepts between the
individual and groups should be effectively understood. A group is the desired association of the
two or more than two individuals who shares the concerned sense of identity. The concept of
social stratification needs to be evaluated as it helps in explaining that the societies are stratified
effectively on the basis of hierarchical basis within the respective social categories. One of the
important aspects is the social mobility which reflects the preferred extent towards which the
individuals can effectively move out of the strata inside which they are born. Moving out from
the comfortable zone critically enhances the overall performance of an individual concerned and
this helps in evaluating the significant growth of a particular organization throughout the
competitive market areas (Hill, 2008). Furthermore, considering the business perspective the
stratification of the different societies is considered to be vital for the growth and development o
the concerned. Considering the religious views and beliefs of the people living in Saudi Arabia
that they follow Islam on large numbers. As per people living in Saudi Arabia, Islam has helped I
embracing new way of life to the people living throughout different parts of the world. There are
few of the economic implications of Islam which will be evaluated in deep throughout this pipe.
1 | P a g e

Moreover, the paper reflects the importance to all other religions and their cultures in order to
understand the exact demands and requirements of the customers (Salem, 2014). Moreover, in
order to conduct business processes within a particular company, the desired focus of the
management and the theories for enhancing the group and the concerned business processes.
Language is a vital factor which needs to improve in order to assists the customers there is the
requirement of great customer service and skilled workforce.
2 | P a g e

References
Almazari, A.A., 2014. Impact of internal factors on bank profitability: Comparative study
between Saudi Arabia and Jordan. Journal of Applied finance and banking, 4(1), p.125.
Hill, C., 2008. International Business: Competing in the global marketplace. Strategic
Direction, 24(9).
Salem, M.I., 2014. The role of business incubators in the economic development of Saudi
Arabia. The International Business & Economics Research Journal (Online), 13(4), p.853.
Alkhater, N., Wills, G. and Walters, R., 2014, December. Factors influencing an organisation's
intention to adopt cloud computing in Saudi Arabia. In Cloud Computing Technology and
Science (CloudCom), 2014 IEEE 6th International Conference on (pp. 1040-1044). IEEE.
3 | P a g e