Affiliation:
1. Assistant Professor College of Business Administration, Imam Abdulrahman Bin Faisal University, Saudi Arabia
Abstract
The purpose of this paper is to provide an analysis of privatization as it applies to public universities and colleges in the Kingdom of Saudi Arabia. It also aims to critically reflect on the expected concerns due to the new environmental change resulting from the implementation of privatization and its impact on performance. There is a scarcity of existing literature on how privatization affects employee performance, and whether or not employees remain competent in their new environment. This paper also focuses on the significant role of leadership as organizations transition from public organizations to privatized ones. An in-depth content analysis of the privatization of public Saudi higher education institutions was adapted as a methodological approach to this study. Through this approach, the gap that exists between the new transformations, the leadership required, and the necessary preparations for privatization were analyzed. The major findings indicate that the idea of privatization in and of itself constitutes a great fear and anxiety for employees due to the organizational, administrative, and cultural change that privatization may bring. Higher education institutions are in dire need of influential and visionary leaders who can manage and facilitate the privatization process to ensure its success and achievement of the desired goals. The paper explores the nature, potential consequences, and concerns of privatization. It highlights the importance of leadership as a fundamental pillar of change.
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