As the world economy slowly getting its feet following the worldwide economic turmoil, entrepreneurs are recognized as the engine-room of economic development and societal well-being (Healey, 2012). Even though, the research shows women’s participation in entrepreneurship differs around the globe, as does their impact on employment and innovation (GEM, 2012). In the United states, for example, women entrepreneurs are growing at unprecedented, level more than double the rate of all other firms (23 percent and 9 percent respectively) and have done so for nearly three decade (IFC,2010).
Entrepreneurs contributed almost $3trillion to the U.S economy and directly employed 23 million jobs. (Mckinsey, 2011). New data projections also showed that future job growth in the United States will be created primarily by small scale entrepreneurship women. In Canada, women own 47 percent of entrepreneurship is accounted for 70 percentages of new business start- ups in 2004 (IFC, 2011). Women’s important contribution in these developed economies exemplifies what many developing economies can aim to achieve by increasing opportunities for women owned business.
In most of the developing countries, women are also making an important economic contribution (Alooma 2010). It is estimated that there are about 8 to 10 million formal small scale entrepreneurs with at least one women owner of small scale business in developing countries (Centre for Women’s Business Research, 2009). These businesses are contributing to the economic transformation, poverty reduction and job creation. For example 1,228 women business owners in the Middle East North Africa (MENA) region found that women are running well – established businesses that are revenue generati...
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... many developed and under developing countries the economic empowerment of women is believed to work as a catalyst for economic development in Nigeria. In the early eighties development of women entrepreneur is initiated during Babangida’s regime in 1985. A number of studies are done to measure the potentiality of women entrepreneurship in Nigeria. These studies mainly focus on the accessibility and utilization of micro- credit by women entrepreneurs, their economic empowerment, and the nature of their utilization of financial services provided by financial institutions, and the extent to which entrepreneurial activities was able to repay the loan funds granted to the sector. And also the level at which the entrepreneurs (small and medium) helped to in wealth creation, employment, and alleviation of poverty with in the household and the national level (Aminu, 2010
Barsh, Joanna and Yee, Lareina. Unlocking the Full Potential of Women in the US Economy. McKinsey & Company. Accessed April 4, 2014.
The once male dominated, corporate, "white collar" America has seen a phenomenal influx of women within the last thirty years. Although a female lawyer, physician, or CEO is no longer considered a rarity in our times, women still face quite a deal of oppression in comparison to their male counterparts. In retrospect, some professions have always been controlled by women, and men have not made a noticeable advance in these fields. In 1970, finding a female lawyer to represent you would be a difficult task, since less than five percent of the profession were women. Today, that number has risen to almost thirty percent. The percentage of female doctors has almost tripled in the course of thirty years. African Americans have not made such a conspicuous progression within the last fifty years, while women have made a tremendous impact on the corporate world. One may wonder, how did women make these extraordinary advances? For the most part, it is due to the education they receive. At the present time young girls are encouraged to enroll in classes dealing with math and science, rather than home economics and typing. As pointed out by Nanette Asimov, in her essay "Fewer Teen Girls Enrolling in Technology Classes", school officials are advocating the necessity of advanced placement, and honor classes for teenage girls, in both the arts and sciences. This support and reassurance than carries over onto college, and finds a permanent fixture in a woman’s life. While women are continuing their success in once exclusively male oriented professions, they are still lacking the respect and equality from their peers, coworkers, and society. The average male lawyer, and doctor make twenty-five percent more money than their female equivalent. Women have always lived with the reputation of being intellectually inferior to, and physically submissive to men. This medieval, ignorant notion is far fetched from the truth. In 1999, high school men and women posted similar SAT scores, being separated by a only a few points. In addition to posting similar scores on the SAT, the average males score was a mere two-tenths of a point higher than an average females score on the ACT. Even though a woman maybe as qualified as a male for a certain occupation , women receive unwanted harassment, and are under strict scrutiny. A good illustration of this would be the women represented in "Two Women Cadets Leave the Citadel.
received the right to work menial jobs for minimum pay with less job security. She has
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...
National Women's Business Councel. (2012). Women Owned Firms in the U.S.: A Review of Important Areas of 2007 U.S. Census Bureau's Survey of Business Owners. Washington, D.C.: UNCF Special Programs Corporation.
The modern world displays how realistic this concept of hidden potential within a society is. These stereotypes between genders have established a world of assigned roles. As well, the possibility for a more productive society when speaking to the issue gender inequality and productivity in the business world goes unknown. Gender identification thus has the ability to determine occupations of individuals within a system. The article titled Gender Inequality in The United States Today acknowledges that “women today make up almost 60% of U.S. college students and earn the majority of doctorates and master’s degrees” however, there are “large disparities in the number of women managers” as compared to men (Ferro 2). Although a larger portion of
Entrepreneurship is associated merely towards the perspective of risks taking and innovation. Several individuals do not have these guts to opt for a new business and they prefer doing a generalized job to feed their families. The perspective of entrepreneurship offers growth and employment to different sectors. Entrepreneurship in Pakistan evolved dramatically as people carried owns their businesses from the Indian region and they continued them in Pakistan. However, in the earlier days entrepreneurship was mainly concerned with the perspective of governmental interest. In the early days, the policies mainly focused on the elite class so that they can have all the privilege to continue their business in different regions of Pakistan (Rana, 2012). This biasness depicted the real ideology of entrepreneurship in this region while it halted the performance of several individuals who wanted to start their own business. In the earlier days, these incentives resulted in
Only four percent of Fortune 500 CEOs are women. Men still dominate the business world, earning 23 cents more per dollar on average than their female counterparts. Though this is obviously unacceptable, it is the unjust reality that women face (Simon 1). Stereotypes and sexist culture maintain that women are
Mistreatment of women in the workforce has been an ongoing issue ever since women have been introduced into the work environment. While some issues are specific to certain workplaces, others are issues that are continuously noticed almost everywhere. There are many who experience poverty around the world, but research has shown that along with ethnic and racial minorities (of said country), women have been consistently among the most disadvantaged and programs to help those in poverty that do not take gender inequality into account have consistently failed to help women out of these circumstances. (International Development Agency (USAID) “Women, Men and Development”) “Men and women often are poor and for different reasons, experience poverty differently, and have differing capacities to withstand or escape poverty.”(Whitehead, Ann Failing Women, Sustaining Poverty: Gender in Poverty Reduction Strategy Papers) There have been many instances...
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.
Within every major economy, a great factor in providing the energy of the core of the nations economy is the small and medium enterprises. These cluster of firms are what provide new economic activity, new innovative products and services, along with growing employment and in general a crucial system in ensuring the economy is at a stable growth level. With a majority of this activity stemming from family controlled or managed businesses, the focus on developing a global and long term perspective for these firms are ever growing in importance because of the global perspective entrepreneurship has started to take.
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.
Gender empowerment is refers women’s and men’s ability to participate in economic and political life and their command over economics resources. Women who played determine role in development of humanity, incomplete without the empowerment of women. Women constitute approximately half of the world’s population so as half potential. Present scenario needs women-led development.