DRIVING CHANGE: EXAMINING MANAGERIAL ABILITIES AND SOCIOECONOMIC IMPACT IN WOMEN'S SELF-HELP GROUP ENTREPRENEURSHIP-A REVIEW

Abstract

Purpose: Women entrepreneurs act as change agents and accelerators for the prosperity and economic growth of emerging and developing countries. Many womens self-help groups opened the path for the creation of self-employment and the reduction of poverty by engaging in entrepreneurial activities. The purpose of the research paper is to examine how womens self-help groups are empowered through entrepreneurial endeavors, focusing mainly on their managerial abilities and socioeconomic impact. Approach/Design/methodology: The descriptive technique is used in this study to explain the existing condition and offer a reason. Secondary sources, such as journals, papers, books, and other relevant resources, are used to perform a complete evidence-based assessment of the managerial abilities of self-help group women entrepreneurs. Findings/result: Despite the many obstacles they encountered, women entrepreneurs were able to advance socially, economically, entrepreneurial, and technologically due to entrepreneurship education, training, and supporting legislative frameworks. To improve the managerial abilities of women entrepreneurs in self-help groups, motivational programs, risk management, financial management, and awareness program should be offered. Originality /value: Fewer studies have been done on the managerial skills of women self-help group entrepreneurs, even though many studies have been done on the empowerment of women through their entrepreneurial activities. This research article emphasizes and highlights the managerial skills of women self-help group entrepreneurs and contributes to the literature on the various conventional and nonconventional managerial skills adopted by women entrepreneurs of self-help groups. Type of paper/paper type: Review KEYWORDS: Women entrepreneurs, self-help groups, empowerment, managerial abilities, socioeconomic impact