The Communication and Systematization Problems of the Saudi Arabia General Investment Authority
The Saudi Arabia General Investment Authority (SAGIA) is a governmental organization which was established in the year 2000 with the main aim of attracting foreign investments and promoting the economic development of Saudi Arabia (Saudi Arabia General Investment Authority, n.d.). Despite the fact that SAGIA has been working for more than fifteen years, it still experiences some communication problems which interfere with its functioning. The paper discusses the key problems which the SAGIA experiences with the communication practice, the systematization of the investment data. It gives possible ways to handle them.
The research is based on the analysis of the existing literature on SAGIA, its communication practices, and systematization of investment data. The information was gathered from different sources, including scientific articles, websites of governmental organizations, and reports of various research centers.
3. Results and discussion
3.1 Communication problems
It has been noted that one of the key problems which SAGIA experiences is connected with the communication practice. In particular, it has been found that there is no common understanding among different departments about what type of information should be shared and how this information should be delivered (Al-Rasheed, 2013). As a result, some departments may have access to the outdated or incorrect information which affects their decision-making process. In addition, Al-Rasheed (2013) states that due to the lack of communication, there is a duplication of effort as different departments may work on the same issue without knowing about each other’s existence. This lowers efficiency and increases costs. To solve this problem, SAGIA needs to develop a clear communication strategy which will stipulate when and how information should be shared between different departments.
Another communication problem which SAGIA experiences is related to software quality (Al-Rasheed, 2013). It has been found that due to the poor quality of software, employees often cannot access the necessary information or they have to spend a lot of time trying to find it. As a result, they are not able to focus on their work tasks and perform them efficiently. To deal with this problem, SAGIA needs to invest in better software which will help employees to access information quickly and easily.
3. 2 Systematization of investment data
SAGIA also experiences some difficulties with systematizing investment data (Saudi Arabia General Investment Authority, n.d.). In particular, it has been found that there is no centralized system for collecting and storing information about investments. As a result, this information is scattered across different departments and it is not easy to access or analyze it. This makes it difficult for SAGIA to make well-informed decisions about investments and track their progress over time. To solve this problem, SAGIA needs to develop a centralized system for collecting and storing investment data. This system should be accessible to all employees so that they can easily retrieve and analyze information when necessary.
In conclusion, it can be said that SAGIA still faces some communication and systematization problems which interfere with its functioning. However, these problems can be solved if SAGIA develops a clear communication strategy and invests in better software. In addition, SAGIA needs to develop a centralized system for collecting and storing investment data.