2.2 Constraints of Women Entrepreneur
Although there are many benefits are accredited to women entrepreneurs, a number of constraints have been identified as detriments to these benefits. Women entrepreneurs face many challenges like government rules and regulations, lack of access to finance, assets, information technology, infrastructure and other facilities that enable their efficiency and business growth (United Nations,2006). Kantor (1999) underlines that women often experience greater constraints on their economic actions compared to men.
Mayoux (2001) has also pointed that there are certain factors that limit women entrepreneurs ability to take advantage of the opportunities available to them in their economy and these factors have
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Rao (2007) argued in his study that poverty and illiteracy are the basic reasons of the low number of women entrepreneurship in India. The educational qualification and professional skills influence women participation in the field of entrepreneurship. Due to the lack of education women are not aware of business, technology and market knowledge. Also, lack of education reflects in low entrepreneurial motivation among women.Thus, lack of education is the major issue for women in the setting up and running of business enterprises (Ranbir Singh, …show more content…
Access to multiple resources like easy access to government departments, collaboration with universities, networking with industry and other incubators, provision of subsidized legal and other business development services etc. Plays a decisive part in performance of incubators (Mohamed Isam Salem, King Saud University, 2014).
Business incubation programs are also proven effective in ensuring diversification of economies, technology commercialization, creation of employment opportunities, and wealth creation (Mohamed Isam Salem, King Saud University, 2014).
The National Business Incubation Association (NBIA,US) also argues that business incubator programs are helpful in transforming the entrepreneurs ability to translate their ideas into more sustainable and highly successful and functioning business entity s by supporting them at the start up period and throughout the growing and development stages. This results in reduction in failure rate of new businesses during the initial stages of entrepreneurial process (Peters et al., 2004). It is evident that, business incubator programs provide entrepreneurs with an upper hand in ensuring the success of new enterprises and increased value creation (Michelle,
Barsh, Joanna and Yee, Lareina. Unlocking the Full Potential of Women in the US Economy. McKinsey & Company. Accessed April 4, 2014.
The characteristics discussed in the article is important to possess in order to be entrepreneurial.
Bravo, Santa Anna and Meric discuss the ways in which women are disadvantaged in the workplace which directly ties back to gender roles, in "An Overview of Women and Work." Crawley, Foley and Shehan
...cceptance of women to expect their rights as equals, women are starting to make improvements within the corporate setting. Women are making strides, through the formal use of mentoring programs and the willingness of younger males on the executive boards and in managerial positions to accept a woman as equal partners in the success of a business (p.19). Younger males in the board room, who have fast tracked to the top and are likeminded to the equality of women, the greater the likelihood of success for women (p. 19). Women, who are persistent, educated, intelligent and hungry will find their way to the top of the corporate ladder. The not to distance future may give rise to increased equal access, inequitable time frames for women.
The Assembly Line changed many of the world’s work force and the lives of the citizens as well. There were more people able to work for the same job and didn’t need an education for the job role. Gender roles as well changed a lot in America, women became more reliable in the factories. According to the United States Department Of Labor, it states that women in the workforce has increased by 53 percent in the past 50 years(DOL). Women have had a vital part in America’s society from the start and if not for them then there would not be the society that their is now.Women have become more and more productive as the times have come, for example, “From 1987 to 1999, the number of women-owned firms in the United States more than doubled.” and “About 40 percent of all businesses in America today are owned by women”(1). Even though women aim to become more prominent in the world's workforce they still have to face challenges that they can’t solve themselves. Stated by the United States Department of Labor, “ Despite progress, women business owners still face obstacles. Securing sufficient financing to take a business to the “next step” remains one of the largest inhibitors”(2). Woman have come a long way, but still do not have the power to accomplish what they
For entrepreneurs whom are willing to accept the risk associated with starting a business, some have made themselves extremely wealthy. Although our economy is focused on capitalism as a means of promo...
Satwinder Singh, R. S. (2011). Motivation to become an entrepreneur: a study of Nigerian women's decisions. African Journal of Economic and Management Studies, 19.
More Women Executives and Entrepreneurs Required To Boost EU Economic Growth - EU conference hosted by Gender Equality Minister Kathleen Lynch T.D., 2013
Consequently, the policies of companies that employ women can have a positive or negative effect on their households, career advancement and earning potential, as well as the lives of those that depend on them. Mary Van der Boon (2003) in her article titled, “Women in international management: An international perspective on women’s ways of leadership”, descri...
Gender inequality is present in all aspects of human society, from culture, politics, and economic stand point to personal relationships. Gender inequality can be viewed as a major problem especially within the business world (Corporation, 2016). In the past, men are seen as leaders in all aspects. For example, men could work without any criticisms, they could participate in political issues and were given higher education. Women on the other hand, were given no political participation, criticized for working outside the household as they were responsible for chores such as takes care of their children, cooking or cleaning and given limited education compared to men. Although there are claims rights equality of women in 21st century and much has been written about it in the field of business (Player, 2013), but there is still a gap between male and female. This essay aims to explore the impact of gender inequality in business and will analyze the details in terms of the men are given high pay and specific jobs over women.
"Entrepreneurs who start and build new businesses are more celebrated than studied. They embody, in the popular imagination and in the eyes of some scholars, the virtues of "boldness, ingenuity, leadership, persistence and determination." Policymakers see them as a crucial source of employment and productivity growth. Yet our systematic knowledge of how entrepreneurs start and grow their businesses is limited. The activity does not occupy a prominent place in the study of business and economics.
Entrepreneurship incorporates unconstrained imagination and a readiness to settle on choices without strong information. The entrepreneur may be driven by a need to make something new or assemble something unmistakable. As new ventures have low achievement rates, the business person should have impressive tirelessness. Because of this, the entrepreneur may have the best risk of achievement by concentrating on a business sector corner either too little or too new to have been commanded by built up organizations.
Nowadays, entrepreneurship becomes most popular career, where our government encourages our graduated student to involve in business so that unemployment will not happen in our country. Policymakers, academics, and researcher agree that entrepreneurship is a vital route to economic advancement for both developed and developing economics (Zelealem et al., 2004). Entrepreneurship has many types for example small business and others. Today small business, particularly the new ones, is the main vehicle for entrepreneurship, contributing not just to employment, social and political stability, but also to innovation and competitive power (Thurik & Wennekers, 2004).
Entrepreneurship is an important aspect of social, economic and community life. It can be viewed as a critical factor to economic growth as well as a way of addressing unemployment (Nolan, 2003).Entrepreneurs are people who are persistently focused on identifying opportunities, they seek to create something worthwhile while taking into account foreseeable risk and rewards associated with the efforts (Nolan, 2003). Furthermore, entrepreneurs are frequently understood to be individuals who discover market needs and establish new business to meet those identified opportunities. The following assignment will firstly discuss the types of entrepreneurship, secondly it will discuss the reasons people become entrepreneurs, and thirdly it will discuss the importance of entrepreneurship.
Business involved by two or more members of the family and is owned within the family is the simplest way to define family business. In this type of business the positions in the company is filled according the family blood. The founder of the business is usually the skull of the company, the rest of the positions are taken place by the family member which are usually higher positions where else other positions are filled by non family members.