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Standards of the “Honorary Concession” initiative .. a model for entrepreneurship

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Since the Supreme Council of Women launched the honor concession initiative for the young Bahraini business pioneers, in 2011, according to a decision by Her Royal Highness Princess Sabika bint Ibrahim Al Khalifa, the wife of the country’s great monarch, head of the Supreme Council of Women, by launching this initiative, a wide participation of businesswomen in the initiative was observed, where the number of participants in this initiative grows, in the first session, eleven businesswomen participated and the number continued to increase until 98 Participation, which indicates the high efficiency of Bahraini women in the field of entrepreneurship, and the development of their ability to develop their commercial projects to reach the standards of honor concession set by the Supreme Council for Women, as it is an encouragement initiative to support and motivate Bahraini young women in the field of entrepreneurship, to raise the efficiency of their projects and maintain their sustainability, as it contributes to creating a supportive economic environment, spreading a culture of pioneering spirit among young women and developing their capabilities in the field of commercial work, and encouraging them On innovation, promotion and competition in the labor market.

The franchise standards that govern the projects in the light of the jury chaired by Her Highness Sheikha Hessa bint Khalifa Al Khalifa, Chairman of the Honorary Con and Entrepreneurs ’Committee, are criteria that help institutions to advance and grow, and to adhere to the principles of governance, such as transparency and accountability, justice, the rule of law, effectiveness and others, which encourages entrepreneurs to improve the efficiency of their institutions, and their institutions, It made it able to sustainability, competition and confront challenges and risks, and the initiative has resulted in the past four years a clear impact on developing the capabilities of business leaders and making models to follow. It is worth noting that Her Highness Sheikha Hessa bint Khalifa Al Khalifa has a long history in supporting entrepreneurship projects for youth through her presidency of the Board of Directors of the Invisual Foundation. This institution has come to eat and left clear imprints in the field of entrepreneurship for young people for many years.

The winners confirm in previous years that the granting of their institutions has the right to use the concession logo on the official publications and their website for two years of obtaining the concession contributed to enhancing the reputation of their commercial projects, their position in the local, regional and global market, and helped achieve their ambition to start expanding the distribution of their local products in foreign markets. He also gave them confidence and pride themselves, and strengthened the confidence of customers in them, as this sign indicates the efficiency of their institutions, as well as a means of support and support in promoting the products of their projects, so their victory with the honorary privilege mark contributed to highlighting them as young Bahraini capacities and competencies in the field of entrepreneurship, and highlighting their success stories in the management of self -employment, which strengthened customer confidence in the products of their projects.

The impact of winning with the honorary excellence mark extends to raising the institutional capabilities of their companies and institutions, and raising the capabilities of entrepreneurship pioneers through training and guidance, where they obtained opportunities to participate in conferences and forums specialized in the field of entrepreneurship in Bahrain and abroad, which helped them to develop their capabilities, develop the idea of ​​their projects and improve its productivity and competitiveness and raise the quality of its products and its ability to export, as the initiative helped them to Focusing on innovative and licensed projects from traditional or virtual commercial records, which are able to sustain and face challenges of all kinds and keep pace with accelerating technological developments, in addition to highlighting the emerging and innovative economic sectors that have emerged remarkably during the previous period, and the prominent role of business entrepreneurs in supporting community activities and initiatives. The commitment of businesswomen to the criteria of honor to develop their commercial projects will turn into a prevailing culture between Bahraini entrepreneurs, and the initiative standards have become a model for entrepreneurship to be followed at the regional and global levels … and you are safe.

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