GRM 2010 GRM 2011

Abstract Details

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Management Practices to Enhance Organisational Effectiveness & Productivity: Role of Private Sector in Economic & Social Development of Gulf Countries
Paper Proposal Text :

In the context of Gulf countries it becomes important that business must redefine its boundaries and play its role effectively as the Gulf countries are undergoing an extraordinary economic and social transformation - a transformation that has impact on entire global economy. In terms of both economic growth and individual wealth, the Middle East as a whole ranks among the world’s top emerging markets. The six-member Gulf Cooperation Council (GCC)—Saudi Arabia, United Arab Emirates (UAE), Kuwait, Qatar, Bahrain and Oman—represents one of the wealthiest country groupings in the world. Blessed with extensive oil and gas reserves, development and investment in the sector is substantial.
The restructuring and privatizstion of utilities and related services have been placed at the top of the agenda in many GCC countries. The GCC countries are seeking to diversify their economic base and reinvest a substantial amount of their surplus capital in massive infrastructure projects, including hospitals, medical centres and educational institutions. The Gulf’s trillion US$ economy is growing steadily, as governments diversify their economies, regional trade rises and the role of private sector in business increases. Although GCC governments themselves are cash-rich after a decade of high oil prices, their development strategies increasingly rely on the local private sector for diversification, job creation and the building of a more productive and less oil-dependent ‘knowledge economy’.
GCC countries are highly dependent on a large expatriate labour force, reflecting the small (but rapidly growing) size of the domestic workforce and the limited domestic supply of adequate skills. Expatriate workers now account in most GCC countries for about three-fourths of the total workforce. These countries have maintained an open-door policy to attract expatriate labor since the 1970s, and this has played an important role in the diversification of the production base and development of the service sector. This paper attempts to review the importance of the diversification and the role which private sector plays in the development of economy. The purpose is to assess the extent to which specific management practices contribute to the effectiveness & productivity of the organisations and provide competitive advantage. This paper is an attempt to study the link between country level macro dimensions and the managerial aspects prevailing within the organisations. The organisations are the bridge which link these two ends. Hence, the objectives of the study to be achieved are as follows-
• To review the importance and significance of the diversification of economy in Gulf countries.
• To discuss and focus on the management practices which lead to the organisational effectiveness & productivity thus providing the organisations an edge to contribute significantly towards the economic and social development of the country.
This paper, qualitative and secondary data based, will concentrate on understanding and explaining management practices in organisations across Gulf countries. This will address questions such as: How do management and organisational practices vary across Gulf countries? How much do these practices matter for effectiveness, productivity and growth, both directly and through their role in innovation, human resource management, the use of information technology, knowledge management, and the response to the demands of external environment. How the business has to adapt its policies and strategies in response to the Nationalisation of GCC countries.
Keywords: Management Practices, Organisational Effectiveness, Productivity