An Insight to the World of Female Entrepreneurship: Systematic Literature Review of the Phenomenon using the Mckinsey 7S Model

Abstract

AbstractThe paper's main aim is to contribute to the empirical knowledge of women's entrepreneurship by utilizing the McKinsey 7S Model to explain the managerial phenomenon in women-led companies. The paper is based on secondary data sources. The data were collected from case studies presented in academic journals indexed in the Scopus and Web of Science databases. The data collection used the PRISMA 2009 method. The case studies of women-led companies were assessed in the McKinsey 7S model on a qualitative basis. The paper introduces women companies' managerial traits and procedures, which the McKinsey 7S model can recognize. In the chosen and analyzed sample of case studies dealing with female entrepreneurship, not even one directly used the McKinsey model for analysis. Results also showed that the 7S model should be used with primary data rather than to evaluate incomplete secondary data. Also, factors that lead women to start a business worldwide have been shown.