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The Impact of Economic Climate and R&D Transfer on Entrepreneurship Capacity During COVID-19 Pandemic: A Qualitative Study

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The Implementation of Smart Technologies for Business Success and Sustainability

Part of the book series: Studies in Systems, Decision and Control ((SSDC,volume 216))

Abstract

Entrepreneurship capability is a relatively new topic that has piqued the interest of academics, practitioners, and policymakers because of its critical role in economic development in today’s dynamic environment. As a result, this research will examine the impact of the economic climate and research and development (R&D) transfers on the Sultanate of Oman’s entrepreneurial capacity. The investigation was motivated by the dearth of available literature and empirical evidence in Oman. The current study analyzed data from the Oman Global Entrepreneurship Monitor (GEM) 2020, compiled by national experts from various industries. This research followed a qualitative approach, conducting in-depth interviews with thirty-six professionals from nine industries who collectively reflect Oman’s entrepreneurial ecosystem. The data was then analyzed and descriptively interpreted. The most significant findings indicate that factors affecting the economic climate and the function of R&D transfer affected entrepreneurial capacity during the COVID-19 pandemic. This will enable the current study to provide evidence to aid policymakers in developing nations, notably Oman, in strengthening entrepreneurial capacity and identify areas for the empirical investigation to develop efficient ecosystems to support entrepreneurs. This study recommends that government and non-government stakeholders develop strategies for a post-COVID-19 entrepreneurial revival. This is likely one of the first qualitative assessments of the COVID-19 pandemic’s likely impact on entrepreneurship. As a result, the practical implications and solutions are examined in the context of modern economic, social, and environmental challenges. Additionally, it recommends relevant research areas and makes recommendations on how to empower entrepreneurs to overcome the aforementioned obstacles.

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Authors and Affiliations

  1. Entrepreneurship Center, University of Nizwa, Birkat Al Mawz, Oman

    Abrar AL Alawi & Abdullah Al Shukaili

  2. College of Business Administration, A’Sharqiyah University, Ibra, Oman

    Khalid Abed Dahleez

  3. Management Department, Modern College of Business and Science, Muscat, Oman

    Fadi Abdelfattah

Authors
  1. Abrar AL Alawi
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  2. Abdullah Al Shukaili
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  3. Fadi Abdelfattah
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  4. Khalid Abed Dahleez
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Correspondence to Abrar AL Alawi .

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Editors and Affiliations

  1. Ahlia University, Manama, Bahrain

    Allam Hamdan

  2. The University of Business and Technology, Jeddah, Saudi Arabia

    Haneen Mohammad Shoaib

  3. Northern Cyprus Campus, Middle East Technical University, Kalkanlı, Turkey

    Bahaaeddin Alareeni

  4. University College of Bahrain, Manama, Bahrain

    Reem Hamdan

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AL Alawi, A., Al Shukaili, A., Abdelfattah, F., Dahleez, K.A. (2023). The Impact of Economic Climate and R&D Transfer on Entrepreneurship Capacity During COVID-19 Pandemic: A Qualitative Study. In: Hamdan, A., Shoaib, H.M., Alareeni, B., Hamdan, R. (eds) The Implementation of Smart Technologies for Business Success and Sustainability. Studies in Systems, Decision and Control, vol 216. Springer, Cham. https://doi.org/10.1007/978-3-031-10212-7_11

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