Preview

Business Development in Oman

Better Essays
Open Document
Open Document
1102 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Business Development in Oman
Oman and its people continue to progress along the path of political, social and economic development, through the ever changing demands of the 21st century. The Sultanate of Oman has embarked on a development experiment over the few preceding years which show its ability to establish the cornerstones of economic and social transformation and to put in place the design for a proper framework of a modern state through IT, Business and Communication. The twenty third of July 1970, the date of accession to the rule of the country by His Majesty Sultan Qaboos bin Said, Sultan of Oman, is of prime significance in Oman's history. The Government of the Sultanate of Oman has played an active role in providing the country's infrastructure and in the provision of basic services in meeting the requirements of a sustainable development program in all parts of the Sultanate of Oman, at achieving financial prosperity, social development of the Omani citizen and modernization of the country.1

In early 1970's, the sultanate of Oman, gave important concern to information technology. After 25 years, Sultanate increased its concern in Information Technology by launching a long development strategy plan which focuses on Information and Communication Technology and fundamental establishment of the knowledge economy in order to increase Oman Economy Productivity which will improve citizen’s livelihood. Oman is now upgrading its information technology infrastructure. The changing face in Sultanate of Oman's IT resources is designed to stimulate economic progress and the progress of the entire population. Internet is widely available for the people of Oman. The country's business community is becoming increasingly aware of the value of electronic commerce. With the development of information technology industry, the IT job market of Oman has witnessed a boom. Major business groups are equipped with an IT department, therefore offering job opportunities in IT software, hardware,

You May Also Find These Documents Helpful

  • Good Essays

    Information technology is known as "the study, design, development, application, implementation, support or management of computer-based information systems. There are many systems that an organization uses on a daily basis from Management Information Systems (MIS), to Transaction Processing Systems (TPS), to Decision Support Systems (DSS). In today’s society those systems are the vital parts of an organization’s survival. IT systems are the backbone of an organization’s operations and without them organizations fall short of providing services. They drive all of the daily tasks, store files and data, provides solutions to problems, and give competitive advantages.…

    • 712 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Information technology are a very big part of any business operation in today’s world. It is what will help a business run smother and faster. IT gives the competitive advantage over business that are still operating in ways that don’t involve computer systems and more technology. There are three fundamental roles of information systems that must be placed for the business to be successful.…

    • 1037 Words
    • 5 Pages
    Good Essays
  • Powerful Essays

    UW 330 Syllabus

    • 1576 Words
    • 7 Pages

    This course is an introduction to the fundamentals of information technologies and to the strategic opportunities and challenges presented by these technologies. The course is based on the belief that business opportunities and challenges are best addressed through a fundamental understanding of management and technological concepts. Topics covered include e-business, collaboration through IT, databases, telecommunication technologies, and IT security. While there is some introduction to technical details, the real impact of this class is gained by understanding the impact of technology on how business is done.…

    • 1576 Words
    • 7 Pages
    Powerful Essays
  • Good Essays

    The flow of information plays a major role in today’s business operations. Information can simply mean anything that has value to a company. In order for information to stay relevant in an organization it must rely on technology. All of the normal business operations need some sort of IT system to process the information in order for the business to operate efficiently and professionally. Having IT systems can save the organization valuable time in retrieving information. IT systems assist organizations from analyzing information, prevention of large-scale human error and decrease in inaccurate information. IT systems have assisted in the growth of many organizations by simply organizing vital and valuable information. If an organization wants to grow and excel, then it needs to embrace its information and its technology because it will be the key factor to its success.…

    • 614 Words
    • 3 Pages
    Good Essays
  • Best Essays

    Altera Business Analysis

    • 5887 Words
    • 24 Pages

    Many companies struggle to stay alive despite the economic forces working against them, such is true for those within the sector of information technology. As part of the global market, these companies face pressure on sales, earnings and greater market exposure due to the weak performance of counterparts in Europe and the US. Despite these economic obstacles, this industry has been growing and expanding at an accelerated pace over the last decade. IT has changed the way of living by enabling communication; improve standards of living and increasing opportunities across the globe. Its customer base is broad and environments in which it operates are very complex. The use of information technology solves crucial productivity issues such as reducing costs and increasing operational efficiency. As societies around the world become ever more hyper connected through technological sources, such an impact from information technology on critical sectors such as government, healthcare, business, workforces and that on sustainability is evident. IT contributes to an enhanced quality of life globally and so creates endless opportunities for economic growth. Widespread adoption of the products and services developed by this industry…

    • 5887 Words
    • 24 Pages
    Best Essays
  • Good Essays

    Information Technology, IT, is an integral property in a business’ success. In order for an organization to reach its maximum potential this organization will need to be coordinated and integrated. For as the organization moves on to higher levels of integration it will find many potential benefits to be gained.…

    • 432 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    MGT220

    • 3391 Words
    • 11 Pages

    The purpose of this essay is to determine the role of information technology in management via the business world. With the ever growing online arena, and globalized firms, the role of information technology management has become a larger demand, with several diversified tasks and goals. This is due to expansion, insourcing, outsourcing, diversified teams, marketing, advertisement software development, hardware, ethics, laws and many other important factors that include the skills and talents of IT managers worldwide.…

    • 3391 Words
    • 11 Pages
    Powerful Essays
  • Satisfactory Essays

    Oman; looking Beyond Oil

    • 375 Words
    • 2 Pages

    Oman; Looking beyond Oil. This video looks at the country of Oman, which is situtatiated in the Arabian Peninsula. It holds a very strategic position at the mouth of the Persian Gulf. The country almost entirely supported by its Oil, with 80% of the economy coming from it. In 1970 Sultan Qaboos disposed his father, and he had the vision to see that reliance on one commodity could spell doom for his country. So he began a program he called Omanization, in which he began by educating the youth, both boys and girls. He also began spending money on Health and welfare. The ultimate goal of creating other industries they country could rely on, and also help reduce the amount of Guest Workers in the country.…

    • 375 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    IT formative essay

    • 1001 Words
    • 4 Pages

    Nowadays, technology has become an increasing presence in the workplace. More and more businesses, large and small, are trying to incorporate the latest technology into their operations. Information technology (IT) benefits the business world by allowing organizations to work more efficiently and to maximize productivity. Faster communication, electronic storage and the protection of records are advantages that IT can have on your enterprise. On the other hand, there are always drawbacks in extensive use of technologies in business world.…

    • 1001 Words
    • 4 Pages
    Good Essays
  • Better Essays

    Oman is a middle-income country with an economy primarily based on limited hydrocarbon resources, and a few significant recent gas finds. Crude Oil and natural gas has accounted for more than 85% of the government's revenue in 2015. High prices of oil in recent times have bolstered Oman’s budget, trade surpluses, and foreign reserves. Oman has enjoyed a GDP growth of 4.5% in 2015, a large part was attributed to the price of oil which was around $100 per barrel. The financial system is well developed having a very low number of non-performing loans. Oman also has a stable A1 credit rating as well as very low debt.…

    • 973 Words
    • 4 Pages
    Better Essays
  • Powerful Essays

    Oman, officially called the Sultanate of Oman is an Arab state in southwest Asia on the southeast coast of the Arabian Peninsula. It is bordered by the United Arab Emirates (UAE) to the northwest, Saudi Arabia to the west and Yemen to the southwest. The coast is formed by the Arabian Sea on the southeast and the Gulf of Oman on the northeast. Oman is an absolute monarchy in which the Sultan of Oman, named Sultan Saeed bin Qaboos, exercises ultimate authority but its parliament has some legislative and oversight powers. In November 2010, the United Nations Development Programme (UNDP) listed Oman, from among 135 countries worldwide, as the nation most-improved during the preceding 40 years. According to international indices, it is one of the most developed and stable countries in the Arab. Oman is a middle-income economy that is heavily dependent on dwindling oil resources. Because of declining reserves and a rapidly growing labor force, Muscat, the capital of Oman has actively pursued a development plan that focuses on diversification, industrialization, and privatization, with the objective of reducing the oil sector's contribution to GDP to 9% by 2020 and creating more jobs to employ the rising numbers of Omanis entering the workforce. Tourism and gas-based industries are key components of the government's diversification strategy. By using enhanced oil recovery techniques, Oman succeeded in increasing oil production, giving the country more time to diversify, and the increase in global oil prices through 2011 provided the government greater financial resources to invest in non-oil sectors.…

    • 1876 Words
    • 8 Pages
    Powerful Essays
  • Satisfactory Essays

    Omanization (Policy

    • 733 Words
    • 3 Pages

    The Omanization policy was first brought on Oman and its organizations (in both the public and private sector) in 1998. Simply because there was a shortage of Omani employees in many organizations and because most positions were filled with expatriate employees therefore, the government introduced this policy in order to decrease the amount of foreign employees. It is evident that there are many advantages and disadvantages of this policy. The advantages are that the average skilled Omani will be able to secure a job easily and most working Omanis will be able to further their knowledge and learn new skills. However, there are disadvantages as well, the main one is concerning foreigners as they will find it more difficult to find job as the Omani workforce becomes more skilled and the amount of employed Omani individuals increases.…

    • 733 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    The Sultanate of Oman which is located on the southeast coast of the Arabian Peninsula and has borders with UAE, Saudi Arabia and Yemen is one of the biggest countries in Middle East in terms of its land area. The reason I'm selecting this country as my main focus is because I have lived there for almost 18 years and thus I've had the opportunity to closely interact with its people and language. The Sultanate of Oman has a very rich culture and follows the monarchy ruling approach. The first king was His highness Said Al Said and later on and till date his son, Sultan Qaboos Bin Said. In the early days, Oman was ruled by the Portuguese and then later on by the British. These two ruling parties left a huge impact on many aspects of the country, including language. Addition to that during the 19th century Oman took a lot of influence from East Africa, which included Tanzania and Kenya.…

    • 2548 Words
    • 11 Pages
    Good Essays
  • Powerful Essays

    Business Proposal Sqa

    • 1383 Words
    • 6 Pages

    * To promote Information Technology industry as high-level economic tool for the competitiveness of our province.…

    • 1383 Words
    • 6 Pages
    Powerful Essays
  • Powerful Essays

    Any business involves people and resources either to produce items or goods to be sold, or provide services to be sold (BPP, 2010). Through learning, researches and activities, it is clear that different organizations response to their business environment in a unique different way. The competitive market leads to structure such as oligopoly where many buyers and sellers involve in trade of similar products making average profit. The non-competitive market structures leads to monopoly with high barriers controlling new entrants, and with equilibrium profit or higher monopoly profit.…

    • 3723 Words
    • 11 Pages
    Powerful Essays

Related Topics