406955

Social Franchising as Vehicle to Economic Prosperity in Saudi Arabia

Article

Last updated: 01 Feb 2025

Subjects

-

Tags

-

Abstract

This study focuses on analyzing the economic effect of social franchising on Saudi Arabia and the ability of the approach to diversify and promote enterprising by Vision 2030. The paper compares the ability of social franchising models to assist social business ventures and entrepreneurs in developing sustainable businesses and promoting employment opportunities and regional growth. Quantitative in methodology, the research asks relevant questions on structures like revenue growth, the generation of revenues, financial soundness, and GDP contributions in structured questionnaires. This suggests smaller effect sizes only for growth and scalability; however, favorable influences are demonstrated by close communication between franchisor/franchisee and government support. The research calls for advancing digital capabilities and applying strategic frameworks to improve social franchising performance. However, the findings of this research can enrich one's understanding of how social franchising may help to narrow the regional divide and advance sustainable economic development in Saudi Arabia, furthering future research to reconsider systemic variables and longitudinal approaches for a better understanding of the problem.

DOI

10.21608/cfdj.2025.354315.2153

Keywords

Saudi Arabia, social franchising, impact, economy

Authors

First Name

Abdulaziz

Last Name

Alotaibi

MiddleName

-

Affiliation

كلية الاعمال ، جامعة الباحة

Email

akhalid@bu.edu.sa

City

-

Orcid

-

Volume

6

Article Issue

1

Related Issue

52472

Issue Date

2025-01-01

Receive Date

2025-01-20

Publish Date

2025-01-01

Page Start

1,181

Page End

1,227

Print ISSN

2682-3403

Online ISSN

2682-4531

Link

https://cfdj.journals.ekb.eg/article_406955.html

Detail API

http://journals.ekb.eg?_action=service&article_code=406955

Order

35

Type

المقالة الأصلية

Type Code

1,242

Publication Type

Journal

Publication Title

المجلة العلمية للدراسات والبحوث المالية والتجارية

Publication Link

https://cfdj.journals.ekb.eg/

MainTitle

Social Franchising as Vehicle to Economic Prosperity in Saudi Arabia

Details

Type

Article

Created At

01 Feb 2025