Create Your Own Business in Uae

In: Business and Management

Submitted By salejtebi
Words 967
Pages 4
ENTREPRENEURSHIP BUS 312

ENTREPRENEURSHIP BUS 312

Environmental scanning of UAE for identifying the scope for new venture
When searching for an entrepreneurial venture it is important to recognize that the discovery is not a result of random actions, it is a structured process that is based on solid observations about how to do something better and different.

Introduction

Currently, the UAE is experiencing a rapid growth in all areas of political, economic and social development, which creates a very attractive investment environment for local and international businesses. Specifically, the wise ruling of the UAE Government directed towards industrial and technological development, supporting peaceful relationships with the international community, openness in cultural and economic exchange, vast support of the citizens in the areas of education and social welfare provide the country with the growth of living standards and business development.

In this report, I am going to make PESTEL analysis of the UAE to prove the favorable market conditions for my business – the company that provides online support for private and corporate clients in running their computer-based systems.

Step1-PESTEL Analysis of the UAE

 Social factors

My business is going to be run online, so the geographic market for it is going to include the whole of the UAE. Specifically, my target market has two sectors:

1) Corporate customers – companies (businesses) that use different corporate software systems and need support for their smooth operations, as well as development and support of the corporate websites.

2) Individual customers – private individuals who need support for their private usage of computer systems, such as issues with operating systems, software programmes, private website development, etc.

Current social factors in the UAE are…...

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