Citation:

Faisal Aljuhani, Mohammed Balubaid. "Success Factors for Business Incubators in Saudi Arabia: An ISM-Based Investigation" International Research Journal of Economics and Management Studies, Vol. 2, No. 3, pp. 31-37, 2023.

Abstract:

In this study, interpretive structural modeling (ISM) is used to examine the success variables for business incubators in Saudi Arabia. A thorough literature review process was used to identify and analyse some key success factors, which included funding accessibility, distinct performance indicators, efficient entrance and exit procedures, the suitability of services, an entrepreneurial culture, seasoned management teams, intellectual property rights, the incubator's location, marketing and commercialization efforts, and relationships with other organisations. The hierarchical linkages and prioritisation of these factors were discovered by the ISM analysis. The results offer insightful information for entrepreneurs, stakeholders, and policymakers to improve the performance of business incubators in Saudi Arabia.

References:

[1] Al-Hawari, M. A., Abdrhman, M. Y., & Abdrhman, N. A. (2017). Entrepreneurial incubation and its role in enhancing entrepreneurship development: A case study in Saudi Arabia. Journal of Global Entrepreneurship Research, 7(1), 1-14.
[2] Al-Mubaraki, H. M., Busler, M., Al-Aali, A. Y., & Al-Shehri, A. A. (2019). Assessing the role of incubators in supporting technology entrepreneurship: Evidence from Saudi Arabia. Journal of Global Entrepreneurship Research, 9(1), 1-17.
[3] Al-Mubaraki, H. M., Busler, M., Al-Shehri, A. A., & Al-Mubaraki, M. (2020). Incubator attributes and their effect on the performance of tenant firms in Saudi Arabia. International Journal of Innovation Science, 12(3),
[4] Siddiqui, K.A., Al-Shaikh, M.E., Bajwa, I.A. and Al-Subaie, A., 2021. Identifying critical success factors for university business incubators in Saudi Arabia. Entrepreneurship and Sustainability Issues, 8(3), p.267.
[5] Acs, Z. J., Audretsch, D. B., & Lehmann, E. E. (2013). The knowledge spillover theory of entrepreneurship. Small Business Economics, 41(4), 757-774.
[6] Alsheikh, F. N. (2009). Business incubators: A viable economic development strategy in Saudi Arabia. Journal of Management Research, 1(2), 49-61.
[7] Amezcua, A. S., Grimes, M. G., Bradley, S. W., & Wiklund, J. (2013). Resources and entrepreneurship: A qualitative review. Journal of Management, 39(3), 633-659.
[8] Hackett, S. M., & Dilts, D. M. (2004). A systematic review of business incubation research. Journal of Technology Transfer, 29(1), 55-82.
[9] Mian, S. A., & Watkins, T. A. (2016). The role of social ties in resource acquisition by technology incubators: A social capital perspective. Technovation, 54, 34-46.
[10] Siddiqui, S. M., Al-Hares, O., Alshehri, A., & El Mihoub, T. (2021). Factors influencing the success of business incubators in Saudi Arabia. Journal of Entrepreneurship in Emerging Economies, 13(3), 408-432.
[11] Kannan, G., Kannan, D., & Vittal, S. (2008). Application of interpretive structural modeling in identifying critical success factors of an organization. Global Journal of Flexible Systems Management, 9(1-2), 43-50.
[12] Mandal, S., & Deshmukh, S. G. (1994). Vendor selection using interpretive structural modeling (ISM). International Journal of Operations & Production Management, 14(6), 52-59.

Keywords:

Business incubators, Saudi Arabia, Success factors, Interpretive structural modeling (ISM).