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Recommendations of Identifying Strategic Issues in Oman Chamber of Commerce and Industry

Category: Business Statistics Paper Type: Report Writing Reference: HARVARD Words: 550

            Oman Chamber of Commerce has a significant amount of potential and it can use it for benefitting the national economy. What it needs is strategic planning to attract foreign investors and organizations to work in Oman. The key recommendation for OCC is that it should offer a wider range of benefits to multinational organisations so that they are willing to work in Oman. The very first benefit should be enhanced security and protection of the rights of foreign organisations. It means that the Oman Chamber of Commerce must work to promote the rights of firms which choose to work in collaboration with it. For instance, it can be ensured by the authority that decisions taken by the government regarding their location and other non-compulsory regulations will not be imposed on them. They can continue to work in the nation as if they are operating in their home country. In addition to that Oman’s government should take feedback and suggestions from Oman Chamber of Commerce that how they can increase foreign direct investment by attracting international organisations. They should collaborate with each other, and a considerable policy should be developed to grab the attention of international organisations. They should promote their culture and hidden opportunities for foreign firms so that they can see the potential of growth by investing in Oman (Herrala & Ariss, 2013). It is strongly recommended that Oman Chamber of Commerce should hold international business and investment conference and they should invite multinational companies from all over the world to participate in that conference. It will allow grabbing the attention of media from different countries, and when investors will visit Oman, they will feel more comfortable after feeling the situation on ground.             

References of Identifying Strategic Issues in Oman Chamber of Commerce and Industry

Al-Jebouri, M. F. et al., 2017. Toward a national sustainable building assessment system in Oman. Assessment categories and their performance indicators. Sustainable Cities and Society, Volume 31, pp. 122-135.

Al-Jumeily, D., Hussain, A. & Crate, S., 2014. The impact of cultural factors on technology acceptance, students point of view.. n Proceedings of the International Conference on Frontiers in Education.

Burger, M., Ianchovichina, E. & Rijkers, B., 2013. Risky business: political instability and greenfield foreign direct investment in the Arab world. The World Bank.

Ennis, C. A., 2015. Between trend and necessity: Top‐down entrepreneurship promotion in Oman and Qatar. Between trend and necessity: Top‐down entrepreneurship promotion in Oman and Qatar. The Muslim World, Volume 1, pp. 116-138.

Herrala, R. & Ariss, R. T., 2013. Credit constraints, political instability, and capital accumulation. s.l.:International Monetary Fund.

Jeremy Jones, N. R., 2015. A History of Modern Oman. s.l.:Cambridge University Press, 2015.

Obeidat, B. Y., Tarhini, A., Masa'deh, R. E. & Aqqad, N. O., 2017. The impact of intellectual capital on innovation via the mediating role of knowledge management: a structural equation modelling approach. International Journal of Knowledge Management Studies, pp. 273-298.

Peterson, J. E., 2016. Oman in the twentieth century: Political foundations of an emerging state. s.l.:Routledge.

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Sonja Nebel, A. v. R., 2016. Urban Oman. s.l.:LIT Verlag Münster, 2016.

Valeri, M., 2015. Simmering unrest and succession challenges in Oman.

W. Chan Kim, R. M., 2015. Blue Ocean Strategy, Expanded Edition: How to Create Uncontested Market Space and Make the Competition Irrelevant. s.l.:Harvard Business Review Press, 2015.

 

 

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