justification of the necessity to adjust training programs for entrepreneurs in Riyadh Saudi Arabia
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Abstract
The need to diversify income, driven by global economic trends, is forcing Saudi Arabia to pursue policies to attract foreign investment and encourage entrepreneurship. Small and medium-sized businesses can improve the country's economic situation during the transition from oil dependence to alternative energy sources. However, the low level of economic education complicates the financial development of the region. Disadvantages of existing government training programs make them ineffective in stimulating SMEs. This research aims to identify and assess the role of the choice of economic training programs for successful entrepreneurship. The descriptive-analytical method and (SPSS) is used for data analysis. The research process involves reviewing the literature to form a conceptual framework for the study, based on which a questionnaire for data collection is compiled using a descriptive- analytical method.
The study shows that awareness of the problems in Saudi Arabia limits the desire of young people to engage in entrepreneurship. The main directions of existing training programs and their disadvantages are also analyzed. In addition, a statistical relationship is revealed between the number of educational programs, GDP growth, and the number of small and medium sized businesses. Based on the study results, recommendations are proposed for improving the quality of economic, educational, programs for entrepreneur in Saudi Arabia.