The GCC countries have seen a flurry of activity in the ‘entrepreneurship’ space in the
last few years, while economic diversification plans for the GCC economies, such as
Saudi Arabia’s Vision 2030, have focused squarely on encouraging youth towards
‘business activities.’ Partially as a means to lessen the pressure on the public sector to
employ youth, and as a means to spur socio-economic development within the low– and
–mid strata, the GCC has embraced ‘entrepreneurship’ and ‘business’ as the means to end
the heavy reliance on all manner of dependencies from government subsidies to
government jobs.
Across the region, prizes1
, mentor networks2
, incubators3
, business plan competitions, TV
shows, conferences, SME funds, angel and entrepreneur networks, and all manner of
initiatives4
, have exponentially proliferated, and the social stigma associated with the
uncertainty of business and risk-ridden entrepreneurial bravado has seen an erosion, in
part thanks to the celebration of entrepreneurship and the star stature conferred on
entrepreneurs – although even these combined efforts seem lacking from the perspective of the entrepreneurs – especially women entrepreneurs. Large scale projects and
significant initiatives are now publicized in the media, though still few – and from a
government or leadership perspective, just in 2016, Saudi Arabia has seen the
announcement and publication of its Vision 2030 and National Transformation Plan, and
the appointment of the Governor to the recently established SME Authority. However,
the impact of all these efforts is still embryonic.
Amidst this urgency to transform, the institutions charged with preparing youth for the
world beyond theory have faced increasing scrutiny and pressure to deliver high quality
curricula and programs that do not just offer an applied education, but impact beyond the
realm of the classroom.
Indeed, this mandate to be forward thinking is not just for the GCC institution, but the
responsibility of all global institutions offering a business education. An AACSB blog
published in January of 2016 announced that the AACSB had “identified five primary
opportunities for business schools as Catalysts for Innovation, Co-Creators of
Knowledge, Hubs of Lifelong Learning, Leaders on Leadership, and Enablers of Global
Prosperity.”
This workshop will highlight the critical importance of addressing pedagogical changes
that are either being implemented by forward thinking institutions or are necessary in
order to ensure either the healthy absorption of youth into the labor market, or
alternatively to ensure a vibrant community of entrepreneurs and thriving entrepreneurial
activity across the region.
It will additionally explore the pertinent role of partnerships necessary across
stakeholders, from private and public, across institutions (academic, financial, etc.), that
must engage and collaborate with each other in order to ensure a healthy ecosystem for
businesses to prosper, employees with entrepreneurial mindsets to develop and advance,
and entrepreneurial ventures to flourish in the GCC. More importantly, it will explore the
role of institutions in leveraging those collaborative partnerships for the students as
beneficiaries.
It will further explore the role of research and policymaking in ensuring just and
equitable economies in the GCC.
The workshop will finally address whether or not institutions in the GCC are, or should,
emphasize the pivotal role of business schools in harnessing creative and philanthropic
communities, thereby empowering and enabling them for innovation, sustainability,
impact, and scale.