Saudi Business News’ Post

As a strategy and performance consultant with extensive experience in the region, I've gathered high-level key insights into effective strategy execution and performance management in Saudi Arabia: 1-Cultural Sensitivity: Align strategies with local norms. 2-Governmental Alignment: Sync with Vision 2030. 3-Stakeholder Engagement: Engage key stakeholders. 4-Talent Development: Invest in local talent. 5-Regulatory Compliance: Stay compliant. 6-Technology Integration: Use digital tools. 7-Agile Adaptation: Be flexible. 8-Local Partnerships: Collaborate locally. 9-Clear Communication: Ensure transparency. 10-Continuous Improvement: Refine strategies. #StrategyExecution #PerformanceManagement #SaudiArabia #Vision2030 #Businessstrategy

Well worth a read for anyone considering establishing a business presence in KSA.

Thrilled to announce that I am in Riyadh, Saudi Arabia for the next couple of weeks 🌍✨ As I navigate through this dynamic city, I am keen on connecting with visionary business leaders and forward-thinkers over a warm cup of coffee. ☕ This is a fantastic opportunity to exchange ideas on pivotal topics such as Investing in Asia, transcending traditional growth boundaries, and innovating business models for the future. I'm particularly interested in discussing how we can leverage these themes to drive substantial growth and transformation in our respective fields. Whether it's sharing insights on expanding into Asian markets, exploring strategies for surpassing conventional growth limits, or reimagining business frameworks for enhanced agility and impact, I believe our conversations could lead to groundbreaking collaborations. If you're around and intrigued by the prospects of 'Investing in Asia', 'Growing Beyond the Normal', or 'Transforming Business Models', I'd love to hear from you. Let's connect, share our visions, and explore how we can make a significant impact together. Looking forward to engaging discussions and potential partnerships. Reach out to schedule a meet-up! Peak North #riyadh #businessnetworking #innovation #investinginasia #growthstrategies #businesstransformation #networking #globalbusiness #privateequity #venturecapital #fundmanagers #artificialintelligence #genai #technologyleadership #duediligence

The PMI KSA Chapter, in collaboration with EY MENA, are conducting a crucial survey to gain insights into current trends, practices, and experiences related to Transformation Initiatives within the Kingdom of Saudi Arabia By sharing your insights in this brief 10-minute survey, you'll play a vital role in shaping the future of successful transformations in KSA. Your voice is crucial in driving transformative success: https://lnkd.in/eUcpzCYd    #PMIKSA #GPMF #TransformationRealized #TogetherWeExcel

Been wondering how the role of management consulting in KSA will change in the near future with many challenges coming through: 1 The increased focus on knowledge transfer as evident by the majority of RFPs that I have been exposed to in the last few months. This could be an opportunity for local consulting firm leading to fierce competition for skilled consultants,especially those with both global expertise and local market knowledge. 2 Clients are becoming more price sensitive especially with the cutting costs approaches that have experienced lately. Consultants will need to demonstrate the value they bring and potentially adopt flexible pricing models to compete. 3 Knowledge transfer can raise expectations. Clients might expect consultants to become obsolete once the transfer is complete. Consultants will need to clearly communicate the ongoing value they provide, like specialized expertise or navigating implementation complexities 4 It is very important to highlight the value delivery. The focus on value delivery will mean pressure to demonstrate the return on investment (ROI) of consulting services.Consultants will need to develop strong metrics and track the impact of their work on client businesses. 5 The rise of automation and AI could potentially disrupt some traditional consulting tasks. Consultants will need to continuously adapt their skillsets and leverage technology to enhance their services. Overall, the future of management consulting in Saudi Arabia will be driven by a need for: * Specialization: Deep expertise in specific industries or emerging technologies. * Value Creation: Delivering tangible results and demonstrating ROI. * Agility: Adapting to changing market needs and client demands. * Collaboration: Working alongside local talent for knowledge transfer and co-creation. #ManagementConsulting #KSAconsulting #Saudieconomy #vision2030

I am thrilled to witness the birth of transformation management offices in Saudi Arabia. This marks a significant step towards implementing effective change and fostering innovation across various sectors. The establishment of these offices signals a focused and strategic approach to managing organizational transformations, ultimately contributing to the Kingdom's vision of economic growth and development. As Saudi Arabia continues to diversify its economy and embrace digital transformation, the role of transformation management offices becomes increasingly crucial. These offices will drive forward key initiatives, streamline processes, and align stakeholders to ensure successful execution of strategic objectives. I am confident that the introduction of transformation management offices will bring about positive and sustainable change, positioning Saudi Arabia as a global leader in innovation and productivity. I look forward to witnessing the impact of these offices on our organizations, communities, and society as a whole. #SaudiArabia #TransformationManagement #Innovation #EconomicGrowth #Vision2030 #DigitalTransformation #StrategicPlanning

Few hours to go … looking forward to meeting finance professionals from Egypt and the region and to a very engaging discussion. #IMA #FinanceProfessionals #cma #FinTech #Digitisation #AI #CMAStepUp #earnCMA #leadershipinsights #FutureCFORoadshow #businesspartnering #UnstoppableKnowledge #NeverDoneLearning #AHthoughts

In recent years, the government & business sectors in Saudi Arabia have increasingly relied on consulting firms to enhance its operations, drive reforms, and implement strategic initiatives. While these firms can provide valuable expertise and insights, their involvement has also led to several negative consequences that can undermine the effectiveness and sustainability of their operations. Many consulting engagements are project-based, leading to a focus on short-term results rather than long-term solutions. As a result, initiatives may be implemented without considering their long-term implications, ultimately leading to a lack of coherence in policy and governance. Furthermore these initiatives are often lack depth in strategic insights, and deploy standardized methodologies across various industries and geographies, which may overlook the unique challenges faced by specific industries and do not fully address their particular needs, resulting in wasted resources and missed opportunities.

FINANCIAL TITANS: CEOS LEADING SAUDI ARABIA’S FINANCE SECTOR Mohamed Ibrahim Lahint Business Services Joint-Stock Company Pioneering Seamless Government Services Technology is often hailed as an enabler and facilitator that has the power to change and enhance the way people live and work. When used in a correct way it may uplift the way services are provided and the way people utilize those services. 👉 𝑫𝒊𝒈𝒊𝒕𝒂𝒍 𝑴𝒂𝒈𝒂𝒛𝒊𝒏𝒆: https://lnkd.in/d4qCzdaC #innovative #professional #governmentalservice #technology #corporate #marketing #Analytics #growth #problemsolving #AI #success #businessservices #InnovativeTechnology #solutions #CEO #partnerships #milestones #marketresearch #leadership #marketingstrategy #CuttingEdgeTechnology #efficiency #accessibility #Transparency #saudiarabia #arabianworldwide #lahent #coverstory #digitalservices

In a rapidly evolving digital landscape, the push for transformative strategies has become a cornerstone for businesses across Saudi Arabia, according to a top PwC Middle East executive. Following the launch of the firm’s latest report – “Digital acceleration: Fueling the ambition for transformation success in #Saudi Arabia” – Marwan Khamis, a partner at PwC Middle East, emphasized to Arab News the pivotal role of emerging digital technologies in achieving sustainable growth and strategic objectives for organizations within the Kingdom. Read more: https://arab.news/4gjrk