Entrepreneurial Behaviour of Family Firms in the United Arab Emirates (UAE): Navigating Cultural Dynamics and Emerging Market Realities

Abstract

This chapter thoroughly explores the intersection of family entrepreneurship, cultural dynamics, and emerging markets, with a specific focus on the United Arab Emirates (UAE). Examining the entrepreneurial behaviour of family firms, it delves into how these enterprises navigate cultural intricacies, seize emerging market opportunities, and contribute to local and global entrepreneurship ecosystems. The dynamic interplay between family dynamics and entrepreneurial pursuits is scrutinized, unravelling influences on resource allocation, succession planning, risk-taking, and innovation within UAE family firms. This exploration contributes valuable insights into the evolving landscape of family entrepreneurship, serving as a resource for researchers, policymakers, and practitioners. The research employs a comprehensive methodology involving case studies, shedding light on how these enterprises adapt, pivot, and exhibit resilience in response to the challenges and opportunities presented by emerging markets. Case studies provide valuable insights into the strategies employed by UAE family firms, contributing to a nuanced understanding of the evolving landscape of family entrepreneurship. This chapter serves as a valuable resource for researchers, policymakers, and practitioners seeking insights into the intricate interplay of family entrepreneurship, cultural dynamics, and emerging markets.

Citation

Issac, A.L. (2024), "Entrepreneurial Behaviour of Family Firms in the United Arab Emirates (UAE): Navigating Cultural Dynamics and Emerging Market Realities", Krasniqi, B.A., Kraus, S., Ramadani, V. and Jones, P. (Ed.) Entrepreneurial Behaviour of Family Firms: Perspectives on Emerging Economies (Entrepreneurial Behaviour Series), Emerald Publishing Limited, Leeds, pp. 161-181. https://doi.org/10.1108/978-1-83753-934-520241008