Women Entrepreneurship Development Research Articles

Women Entrepreneurship Development During COVID-19 Pandemic

Women Entrepreneurship Development During COVID-19 Pandemic

Exploring Financial Inclusion among Women Entrepreneurs: A Survey in Hazaribagh District, Jharkhand

Financial inclusion is a critical aspect of economic empowerment, particularly for marginalized segments such as women entrepreneurs. This research investigates the landscape of financial inclusion among women entrepreneurs in Hazaribagh District, Jharkhand, aiming to identify challenges and opportunities for enhancing their financial participation. Through a comprehensive survey-based approach, this study explores various dimensions of financial inclusion, including access to financial services, utilization patterns, and perceptions among women entrepreneurs in the region. In Hazaribagh District, Jharkhand, where entrenched gender norms often limit women's economic opportunities, understanding the status of financial inclusion among women entrepreneurs becomes imperative. Previous studies suggest significant disparities in access to finance, hindering the growth of women-led businesses. This study seeks to address this gap by conducting a survey to assess the extent of financial inclusion among women entrepreneurs in Hazaribagh District. A structured questionnaire was designed to collect data from a sample of women entrepreneurs operating across various sectors in Hazaribagh District. The questionnaire encompassed sections on demographic details, access to financial services, borrowing and saving behaviors, financial literacy, and perceptions of financial institutions. A purposive sampling technique was employed to select respondents, ensuring representation from diverse socio-economic backgrounds. Data collection occurred over a specific timeframe, and responses underwent analysis using descriptive statistics and thematic analysis. Analysis of the survey data revealed significant insights into the status of financial inclusion among women entrepreneurs in Hazaribagh District. Specifically, 72% of respondents reported limited access to formal financial services, citing factors such as distance to banking institutions and lack of awareness as primary barriers. Moreover, 58% of women entrepreneurs relied on informal sources of credit, indicating a substantial gap in formal financial engagement. Despite these challenges, 85% of respondents expressed a willingness to engage with formal financial institutions if provided with suitable products and services tailored to their needs. The discussion underscores the importance of targeted interventions to enhance financial inclusion among women entrepreneurs in Hazaribagh District. Strategies such as mobile banking initiatives, financial literacy workshops, and microfinance programs emerge as potential avenues for addressing existing gaps and empowering women economically. Furthermore, collaborative efforts involving government agencies, financial institutions, and non-profit organizations are essential for creating an enabling environment conducive to women's entrepreneurship development. This research delivers valuable insights into the state of financial inclusion among women entrepreneurs in Hazaribagh District, Jharkhand. By pinpointing barriers and opportunities, it provides a foundation for evidence-based policy interventions aimed at advancing women's economic empowerment. The findings underscore the significance of holistic approaches that tackle not only access to finance but also socio-cultural factors shaping women's entrepreneurial endeavors. Moving forward, sustained efforts are warranted to foster an inclusive financial ecosystem that empowers women entrepreneurs to thrive and contribute to the socio-economic fabric of the region. In conclusion, this study underscores the urgency of addressing the financial inclusion gap among women entrepreneurs in Hazaribagh District and offers actionable recommendations for policymakers, practitioners, and stakeholders committed to promoting gender equality and inclusive economic growth.

Empowering Women through Microfinance: Catalizing Societal Transformation via Entrepreneurship

Microfinance has emerged as a transformative tool addressing financial needs, especially for marginalized communities with a focus on empowering women. This study investigates the impact of microfinance on women’s entrepreneurship and societal transformation via entrepreneurship in Butwal sub-metropolitan city emphasizing decision-making, effectiveness, lifestyle changes, and the reduction of domestic violence and gender inequality. Surveying 100 women entrepreneurs, the study reveals significant positive effects of microfinance. It empowers women in decision-making, enhances effectiveness, uplifts living standards, promotes investments, and reduces domestic violence. Microfinance fosters entrepreneurship, challenges patriarchal norms, and contributes to economic growth and social change. Correlation analysis demonstrate strong associations between women entrepreneurship development and other variables. The findings underscore the vital role of microfinance in women’s empowerment and economic development. Policymakers need to prioritize regulatory support and targeted interventions to sustain and enhance the microfinance sector, ensuring inclusive economic growth and empowerment of women entrepreneurs.

CHALLENGES OF WOMEN ENTREPRENEURS – A STUDY IN UTTAR KANNADA DISTRICT

The economic development has changed the scenario of social and cultural environment within the country specially, for women. Studies also prove that rural sector women have engaged in small-scale entrepreneurship programme and turned as successful entrepreneurs. Government programmes for women entrepreneurship development associated with banks financial support and the Self-help Groups moment made women to turn as entrepreneurs. However there are several challenges to empower women as entrepreneurs. Still they have challenges which are case specific region specific in nature. This paper attempts to analyse such challenges of women entrepreneurs in Uttara Kannada district of Karnataka state. The main objective of the study is to identify the challenges associated with empowerment of women entrepreneurs. This paper is descriptive in nature and the analysis is based on secondary data and information collected from published articles, case studies, internet sources and review papers. Studies gives insights into main challenges faced by women entrepreneurs. The study posits the financial support by banks helps the women entrepreneurs to increase their income and support for economic development of the country by creating job opportunities. It is been found that government support, funding family support and technical knowledge are considered helpful to overcome these challenges.

Women’s Leadership Development Through Entrepreneurship in Bangladesh

Women own and manage only an approximate 7% of all economic establishments in Bangladesh, indicating a lack of women leadership development and economic participation. This research aims to identify women entrepreneurship development (WED) factors (WEDFs) and investigate how they relate to leadership development of female entrepreneurs. The study identified 370 women entrepreneurs from the Bangladesh Women Chamber of Commerce and Industry list of seven divisional headquarters and collected primary data for systematic probability sampling in this causal research. The study initially conducted an exploratory factor analysis technique to reduce larger measured variables into smaller factors. Data were further analysed through the structural equation modelling technique. According to the findings, women entrepreneurs in Bangladesh develop emotional intelligence, creativity and innovative leadership qualities that influence leadership skills by exercising four WEDFs. These factors are idea generation, resourcing, enterprise management and harvesting and growth. The study’s main theoretical contribution is that it has been able to combine two concepts, ‘women’s leadership development’ and ‘women’s entrepreneurship development, into one framework. The study suggests that policymakers, practitioners and women entrepreneurs should implement the interventions focusing on these factors to strengthen the development of women’s leadership. One of the limitations of this study is that it covers urban Bangladeshi women entrepreneurs only.

Empowering Women Entrepreneurs: Enhancing Competency and Capacity Through University Education

This research aims to explore the potential of human capital, competitive advantages, and women entrepreneurship innovation in Indonesia and Kuala Lumpur, as well as to provide academic policies to the government by establishing a cluster of human resources (HR) expertise and enhancing the development of women entrepreneurship, resulting in regulations to improve human capital and women entrepreneurship. The research problem is how female entrepreneurs can transform HR expertise in their business. The survey sample of active female entrepreneurs in various cities were selected using a multi-stage random sampling method, totaling 47 female entrepreneurs, consisting of 39 respondents from Medan and Deli Serdang, 5 from West Sumatra, and 3 from Kelantan, Malaysia. The qualitative descriptive research and a comparative analysis were applied to this research. This research proves that female entrepreneurs who act as housewives must continue to develop their human resource potential, competitive advantages, and innovative abilities in entrepreneurship to produce superior products, be competitive, increase economic income, and improve the welfare of their families.

Women entrepreneurship and microfinance: implications on the mental well-being of informal traders in Lagos, Nigeria

Purpose Although microfinancing is considered a key tool for fostering women's entrepreneurship development, there is growing concern regarding the impact of loan repayment strategies on the mental health of women entrepreneurs. This study seeks to unravel the implications of microfinance loans on the mental well-being of women entrepreneurs.Design/methodology/approach A carefully structured questionnaire was distributed to a purposive sample of one hundred women entrepreneurs in Lagos State using a mixed-method research approach. Also, interviews were conducted using an interview guide, which directly mirrored the questionnaire administered to five focus groups within Lagos State.Findings The study found that loan repayment and recovery strategies positively and significantly impact women entrepreneurs' mental well-being, with psychological distress serving as a measure for measuring mental well-being. Additionally, other factors such as the number of dependants and household headship trigger psychological distress, while age in business was associated with a reduction in psychological distress.Originality/value This study contributes to the existing literature by delving into the psychological implications of loan repayment strategies on the mental health of female entrepreneurs in Lagos State, Nigeria. Furthermore, it employs a triangulation research approach to validate questionnaire responses through focus group discussions.

Phenomenological Study of Women Entrepreneurs and Their Impact on Socio-Economic Growth in Malaysia

The study was conducted on women entrepreneurship and socio-economic growth in Malaysia. The study on women entrepreneurship in Malaysia was on Women entrepreneurship is said to be the emerging phenomenon of the 21th Century. It has been recognised that today women are as likely as men seeking business opportunities around them. Women entrepreneurs are able to contribute to socioeconomic development of the country. However, women entrepreneurs were found to encounter internal and external barriers to their business growth. Based on the literature review on entrepreneurship highlighted numerous constraints and barriers to women entrepreneurship which include amongst others gender-biased, lack of entrepreneurial and business skills, finance and even the personality characteristics of women. In this study there were four factors and barriers facing entrepreneurship growth were identified. They were personality traits, business skills, knowledge and training, the need for government support system and support systems that contribute to women entrepreneurship growth and the socio-economic growth of the country. In order to answer these four objectives, this study conducted a focus group method in order to clearly understand the phenomenon of women entrepreneurship in Malaysia. It has been informed the focus group approach is commonly used in social science research. A selected group of 10 key person women entrepreneurs answered the interview and discussion via online focus group discussion. The structured questionnaires were also distributed to the 10 entrepreneurs participated and responded in focus group discussion. The focus group discussion centred on four themes on women entrepreneurship development, women and its contribution to socio-economic growth, including household income, employment and society wellbeing. Data collection on entrepreneurial psychological factors, barriers to women entrepreneurship success and growth, government support systems and the social and economic growth of the country were gathered from the focus group discussion and were analysed using NVIVO software package. The results of the study were tabulated based on four themes and sub themes. In conclusion this research has established a woman entrepreneurship socio-economic model in Malaysia. A causal relationship model configured variables as a main guidance for entrepreneurship stakeholders and practitioners. This study was a phenomenological study on woman entrepreneurship and its effect on women socio-economic growth in Malaysia. The study provided implications to stakeholders in addressing women entrepreneurship problems and barrier to women business growth. It was recommended that further research on women entrepreneurship will be based on industrial and business sectors dominated by women.

Women Entrepreneurship Development through ICT in Developing Countries: Problems & Prospects

It is widely known that women’s economic empowerment can lead to economic growth. Information communication technologies (ICTs) have been promoted as tools for national development. In this context, women have been promoted themselves as entrepreneurs through connecting more people by using ICT tools effectively. This paper mainly focuses on the role of ICT for women entrepreneurship development in Bangladesh. It also represents different social, cultural barriers women face in using ICTs in their business purposes. To make the study more effective questionnaire method was used. For this study 100 women have been selected from different online business pages and sent them the questionnaire. Among them 20 women entrepreneurs respond the questionnaire which included questions on role of ICT, training on ICT, mostly use of device, monthly income, availability of ICT institutions, access of ICT, barriers of using ICT and so on. It is argued in the study that women are becoming adapt themselves with technology especially in their business purpose and lead to contribute to the country’s economy. Lack of awareness, social, cultural structure are the major barriers to bring them as entrepreneurs and change their life. Social Science Review, Vol. 39(3), Dec 2022 Page 17-35

The Application of Strategic Foresight in Women's Entrepreneurship Development

Strategic vision guides governments and societies to overcome gender biases to extol entrepreneurship and achieve targeted business performance. In order to change women's entrepreneurship in societies, strategic foresight is one of the most important resources to be utilized. Strategic foresight offers relevant solutions to these changes for achieving socio-economic benefits and creating sustainable value. Although several studies have been conducted on women's entrepreneurship, identification of its influential factors, and their effect, none has yet studied how strategic foresight can play a role in developing women's entrepreneurship in different countries. Therefore, this study is aiming to explore the relationship between strategic foresight and female entrepreneurship. The purpose of this study is to examine the link between women's entrepreneurship and strategic foresight capabilities by reviewing relevant literature and background theories. Dimensions of the framework were verified quantitatively using a Delphi research process, SPSS software, and analysis of the gathered questionnaires. The results show that strategic foresight significantly affects women's entrepreneurship through business sustainability.

Equal Opportunity in Business: Gender Challenges and Overcoming Stereotypes

The article deals with the problem of gender inequality of opportunity in business, including from the point of view of gender challenges and stereotypes. Inequality of opportunity in business is a problem that restricts access to career opportunities, including in the business field, for women. A study of women's entrepreneurship shows a rapid increase in the number of publications on the topic over the past 50 years. This area is in formation stage, with a significant number of journals’ articles, literature reviews and books published on women entrepreneurs. The purpose of the article is to assess the problems faced by women entrepreneurs based on an analysis of the existing literature. The search for documents on women's entrepreneurship in various peer-reviewed journal publications was carried out using data from the RSCI, GoogleAcademy, ResearchGate, Elsevier resources. The causes of gender segregation in business are shown, including socio-cultural prejudices, the existence of institutional voids, low self-esteem and the lack of skills and entrepreneurial education among women. A study of different countries’ experience led to the conclusion that state support plays a decisive role in the women's entrepreneurship development.

WOMEN ENTREPRENEURSHIP

Women entrepreneurship is an important area being globally recognized as one of the most important measures of economic growth and, implicitly, of decreasing the level of poverty. Incentivizing women to start their own business is essential for the development of women entrepreneurship and it’s also a strategic objective at European level, assumed by Romania as an EU member state. In order to have access to the same opportunities as men, women have to go beyond a series of obstacles, one of which is family responsibility, which often returns to their care. Therefore, this paper approaches a wide variety of themes that correspond to the present, such as motivation, obstacles encountered and also the advantages and disadvantages that come with the entrepreneurial profession, using as a research method the interviews with women entrepreneurs.

The role of microfinance institutions on women’s entrepreneurship development

This study investigates the role of microfinance services on women's entrepreneurship development in Assosa town. The study employed both descriptive and explanatory designs and a quantitative research approach. The study targeted 352 women clients of Assosa Woreda Microfinance Institution, and 165 samples were selected using a simple random sampling technique. The data were collected through a questionnaire and analyzed through the statistical package for social science (SPSS) 26 software. The findings from the descriptive mean analysis indicate that the microfinance institution financial and non-financial services offered were found unable to significantly empower disadvantaged and poor women by improving their livelihood and development of their business. The correlation result also indicated a positive and significant association between saving practice, access to credit, skill development training, and the development of women entrepreneurs. Finally, the regression result saving and the credit or loan services of the microfinance institution service have the most decisive influence on women's entrepreneurship development.

Women entrepreneurship development and sustainable rural livelihoods in Zimbabwe

PurposeThe main purpose of this research is to investigate factors influencing rural women entrepreneurship development and sustainable rural livelihoods in Manicaland province of Zimbabwe.Design/methodology/approachA quantitative research was conducted in Manicaland province in Zimbabwe. Data were collected through structured questionnaires from 400 women entrepreneurs in various sectors. The participants were in vegetable vending, operating clothing flea markets and cross border trading. A self-administered structured questionnaire was used to collect data from respondents. Structural equation modeling in SmartPLS version 3 was used to test the research hypotheses.FindingsThe study established that women entrepreneurship is driven by financial factors, positive environmental factors, positive psychological factors as well as positive sociological factors for a sustainable rural livelihood.Research limitations/implicationsIt is clear that if the discovered challenges are not addressed, sustainability of women entrepreneurship will remain a dream.Practical implicationsThe study came up with strategies for improving women entrepreneurship activities. Future research can be done in other areas of provinces to avoid generalization challenges.Social implicationsMany challenges hinder the sustainability of women entrepreneurship. Major impediments to women entrepreneurship comprises inadequate support from government schemes, patriarchal societal structure of the community, lack of relevant entrepreneurial knowledge to manage businesses, lack of collateral security to access funding, time limitation or role conflict to balance family pressures and business.Originality/valueThe study recommends proper entrepreneurship education and training, supportive government schemes and access to network affiliation/connection to sustain women entrepreneurship.

Empowering Women Entrepreneurs in Hyderabad: The Impact of Incubation Programs

This study explores the role of incubation in women entrepreneurship development in Hyderabad. The study reviews the literature on the subject, and presents a conceptual framework for an effective incubation program for women entrepreneurs in Hyderabad. The framework includes elements such as marketing services, training programs, networking services, and consultancy services, which are tailored to the unique needs and challenges faced by women entrepreneurs in the region. The study suggests that incubation programs can play a critical role in supporting women entrepreneurship development in Hyderabad, by providing access to resources such as funding, mentorship, and training, and by addressing social and cultural barriers. The study also highlights the importance of evaluating the effectiveness of incubation programs for women entrepreneurs, and the need to measure their impact on the local economy. The study concludes that effective incubation programs can significantly contribute to the growth and success of women-owned businesses in Hyderabad. The study suggests that future efforts should be focused on identifying and implementing effective strategies to overcome the unique challenges faced by women entrepreneurs in the region, and on creating a supportive ecosystem for women entrepreneurship development through collaboration between incubation programs, government agencies, and private sector stakeholders.

An efficient management education in developing women entrepreneurial aspirations

In the latest era, opportunity recognition is a critical factor of entrepreneurship and plays an important role in business management. It helps to analyze the market trends and decreases the risk in failure of business organizations. Women entrepreneurship development is an essential part of human resource development. Entrepreneurship amongst women has been a recent concern. Women have become aware of their existence their rights and their work situation. This paper addresses the effects of entrepreneurship education on entrepreneurial opportunity recognition. It is evident from the study that the women entrepreneurs have high scope of being successful in their entrepreneurship journey, provided they have been guided and given relevant and required management education opportunities. It’s been significant from this research work that the future of the women entrepreneurs is bright, hence there is a need to work on their Management education.

Women entrepreneurship: A sentiment analysis

Purpose – This study aims to determine the sentiment towards women's entrepreneurship development in the last 32 years, from 1987 to 2019Methodology – The method used is descriptive statistical analysis combined with meta-analysis and sentiment from secondary data in metadata from 98 Scopus indexed publications, then processed using Microsoft Excel 2019 and SentiStrength software.Findings – The sentiment analysis results show that the expert opinions on the development of women's entrepreneurship are diverse, with positive sentiment at 30.6%, negative sentiment at 30.6%, and neutral sentiment at 38.8%. Based on the study results, it was found that there had been a rise in the study on the topic of developing women's entrepreneurship in the scholarly literature. Implications – These results can be used as illustrations to provide education and literacy about existing barriers to women's entrepreneurship. A strong commitment from a variety of stakeholders, including interested parties such as policymakers and the government, hoped to play a critical role in supporting and strengthening the women entrepreneurship ecosystem to advance economic empowerment by advancing innovation in tandem with the advancement of digitalization in the form of digital technology, improving the education system and employment practices can maximize the potential of female entrepreneurs, resulting in positive outcomes such as job creation and increased welfare, as well as assisting the United Nations in implementing the Sustainable Development Goals (SDGs).Originality – There are no papers discussing the evolution of global views of interest in women's entrepreneurship research using the sentiment method. Therefore, this paper is among the first.

Microfinance and women entrepreneurship development: evidence from Tunisia.

The main objective of this paper is to investigate the effects of microfinance on women's entrepreneurship and empowerment, using national household data from Tunisia. We have employed Logistic Regressions and Fuzzy-set qualitative comparative analysis (fsQCA) to study the consequences of microfinance use.We find positive and significant effects of access to credit on women's work, attitudes toward income increase, execution of the micro-projects, and schooling attendance. The results confirm the potential of micro-finance in women's empowerment and Entrepreneurship Development in Tunisia, especially during COVID-19 pandemic.

Women Entrepreneurship in India: An Analysis

Abstract: Entrepreneurship for women development is an essential part of human resource. In comparison to other countries, the development of women entrepreneurship is very low in India, especially in rural areas. Entrepreneurship by women has been a recent concern. Women have become aware of their existence, their rights and their work situation. However, women of middle class are not too eager to alter their role for fear-of social backwardness. The progress is more visible among upper class families in urban areas. “Women moves forward, the family moves, the village moves and the nation moves” - Pandit Jawaharlal Nehru This paper focuses on the current status of women entrepreneurship in India. Any understanding of Indian women’s identity, especially for their contribution in emerging new paths, will be incomplete without a walk down the place of Indian history where women have live. The paper talks about the status of women entrepreneurs and the problems faced by them, reasons for the slow progress of women entrepreneurs in India - suggested for the growth of women entrepreneurs - Schemes for the promotion and development of women entrepreneurship in India

Personal Antecedents of Entrepreneurial Intention: A Perceptual Study on Generation Z Girls

The participation of women in business is ever increasing, and there is a gradual increase of enterprises owned by women in India. Women entrepreneurship development is rising in different states of India, but the growth of women entrepreneurship is relatively low in the northeastern region. Entrepreneurship development is dependent upon entrepreneurial intention, which is again contingent upon personal antecedents. The study makes an attempt to analyse the perception of college-going female students over the personal antecedents influencing entrepreneurial intention. Fifteen components influencing entrepreneurial intention have been identified and grouped under five personal antecedents to prepare questionnaire and conduct online survey. Population includes female students of colleges of Silchar town of Assam, and the sample size is 88. Relevant descriptive and inferential statistics have been used. The most influential personal antecedent triggering entrepreneurial intention is ‘Need for achievement’, which is followed by ‘Self-confidence’, ‘Risk-bearing capacity’, ‘Creativity’ and ‘Adaptability’. JEL Code: M13, D9, L26, L31, I23