Entrepreneurs Novelty & SMEs Performances : Evidences From GCC

Entrepreneurs’ novelty leads to traverse the growth of small and medium enterprises, it helps to predict and manage the associated risks and complexities of driving change in today’s business environment. The SMEs have become the significant wallop of constant, rapid and stimulating growth of GCC economy. SME have become the important force of sustained, rapid and healthy development of GCC economy. It is important for an entrepreneur to be novel in choosing correct and appropriate financing sources to solve the company’s financial challenges. This research study seeks to explore the influence of entrepreneurial novelty on small and medium-sized enterprises (SMEs) performances in a competitive GCC market. Data was collected using a structured questionnaire from a random sample of 45 entrepreneurs running SMEs within GCC more precisely SMEs based in Kingdom of Saudi Arabia (KSA), United Arab Emirates (UAE) and Sultanate of Oman. The Structural Equation Modeling Partial Least Square was adopted for analyzing the collected data. The research findings validated that an increase in the Entrepreneurs novelty level will definitely increase the performance of SMEs and there is a high correlation between factors used to measure novelty and novelty influenced business performance