What Makes a Female Entrepreneur? Entrepreneurship plays a more important role in modern open economies because globalization and ICT- revolution are requiring structural change and reallocation of resources (Wennekers and Thurik, 1999). Many studies related to entrepreneurs show that females are still the minority in decision making and entrepreneurship (Aaltio, Kyrö, and Sundin, 2008). Tao Liang, founder of Chengdu Transcen Landscape Design Office Limited, accepted an interview with us and allows us to use this interview to discover the formation of a female entrepreneur. In this report, we use the economic approach, entrepreneurial personality approach and socio-behavioral approach (Deakins and Freel, 2012) to analyze whether Tao Liang is entrepreneurial or not and the key factors to make a female entrepreneur. Comparing Tao Liang’s description with economic writers’ theories (the economic approach), we find …show more content…
When Tao Liang left the previous company, she took some of the backbones of that company to her own company. These people became the core productivity in her company. Human resource is one of the core contents in Casson’s resource-based theory. The entrepreneur can also be seen as important human resource because other managers, engineers are derive from this entrepreneur since it is this person who chose them (Casson, 2005). Moreover, Casson pointed out that change is the accomplishment of entrepreneurship and entrepreneurs treat change as opportunities (Deakins and Freel, 2012). Tao Liang was a grass-roots civil servant before entering landscape design industry. At that time, she found she was under tight control and lacked of aspiration in the bureaucratic system. She chose to work in private sector to find more possibility in life and gathered resources for many years to prepare for the entrepreneurship. Therefore, she has preference to make change and she can be seen as an organizer of
What is the typical Canadian woman in a business like? What kinds of businesses do Canadian women entrepreneurs choose to start and develop? How many women-owned businesses are there in Canada?
There has been a large amount of attention paid to the subject of entrepreneurship in the last few years; mainly because most people have chosen to go from working for somebody else, to be their own bosses and work for their dreams. Nevertheless, many still wonder what is entrepreneurship and what is that sets entrepreneurs apart from other regular business owners. At first, it seems both concepts do not differ much from each other since they both start up and run businesses and assume risks to pursue opportunities; however, there are certain traits that difference them.
Family owned businesses have dependably been common in India. Family, being the oldest and longest running social unit actually prompts the advancement of the idea of 'family owned businesses', that of families cooperating or working together and profiting commonly.
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.
Women are getting independent and are eager to make place for her in emerging business society not only in India but also in the World. The study was conducted in Mysore City to analyze the trend and pattern of women entrepreneurship. Opportunities for the women increase with the economic empowerment and it also helps women to access to economic development. Further authors states that most of women entrepreneurs in Mysore district are into small and medium enterprises. More women are involved in Beauty parlor management and Tailoring which is also attractive entrepreneurship in Mysore city.
A working woman is a woman who earns a salary wages or other income through regular employment usually outside the home and also plays a role of housewife for family responsibility. A non working woman is a woman who not employed for a salary fees or wages not producing or generating income. Only play a house wife role for family responsibility. In this modern society women ritual cultural values social norms economic status changed from the ancient time. Society has a perception or agenda that working women are smarter economically valuable than non working women. In India woman worked with in a framework of family as a housewife that time stress definition was different and when a woman stepped out from home to jobs and business then a modern woman live in a two way systems and need to full perform both family as well as professional area so here the stress level is different. This study is the
In the documentary “Call of the Entrepreneur,” three successful entrepreneurs, Brad Morgan, Frank Hanna, and Jimmy Lai, are presented to explain their views on entrepreneurship and in turn leadership. Brad Morgan is the owner of a million dollar dairy and compost company, Frank Hanna is a merchant banker in New York City, and Jimmy Lai is the founder of Giordano department stores and Next Media. A central theme of the documentary is how each of these businessmen displays the characteristics of persistence, patience, and perseverance to overcome frustrating obstacles and become successful. The film defines entrepreneurship and explains how the entrepreneur responds positively to consumer demands and is able to organize and direct others toward a goal only the entrepreneur can see. The film shows that though some entrepreneurs are driven by greed and some are not, the ones that are successful are answering the needs of consumers.
In the first stage of growth, the founders of an organization develop skills and create new products. Learning is a huge component of this phase of organizational growth. Entrepreneurs learn what works and what doesn’t. People’s behaviors are governed by organizational culture rather than by hierarchy (Jones, 2010).
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).
The success of a business is greatly dependent on its entrepreneur. An entrepreneur is someone who takes the financial risk of starting and managing a new business venture. In order to be a successful entrepreneur, one must be ready to take a risk and invest one’s own savings into a business. The job requires that the individual be ambitious and committed to working hard in order to achieve the set targets. A successful entrepreneur is able to multi-task and communicates effectively with people, possessing leadership qualities such as confidence and motivation. The individual must play the role of constant motivator and inspire employees to improve their work performance, whilst ensuring a comfortable environment for the employees to work in. According to Schumpeter (1982), an entrepreneur is more of a ‘heroic’ than an ‘economic’ figure; his motivation should not solely be monetary, rather stemming more from inspiration and ambition.
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.
IONESCU, C. (2012). BUSINESS WOMEN ENTREPRENEURSHIP IN THE NEW ECONOMY. Hyperion International Journal Of Econophysics & New Economy, 5(1), 177-186.
A start-up business is a newly created business and has very specific human resources needs. The HR department in a start-up, contributes strongly to the achievement of the overall business targets so it has to be quick, effective and able to set up basic HR processes properly. These processes should be efficient and not just optimised. People who run the HR department in startups should have strong organizational skills, financial and statistical skills, high sense of responsibility, analytical and communicational skills, along with creativity flair in order to organize adequately the company’s work flow, from the very beginning. People who work in startups HR departments must have in mind, that a start-up business is more likely to need changes
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.
We are living in a world that is constantly changing, a place full of uncertainties, in an age of entrepreneurial revolution. Organizations around the world have been actively looking for ways to remain competitive. This can be seen from the rapid pace of innovation in the area of technology, where new products are being released in within short time spans that we had a hard time keeping up with it. Such turbulent environment has created opportunities for companies. However those who failed to join in the revolution will be eliminated from the competition. Therefore to stay ahead of the competition, it is essential for organizations to be entrepreneurial. Entrepreneurship is the process of creating value by bringing together a unique combination