scholarly journals Why I Should Run My Own Business: A Study on Female Entrepreneurs’ Motivation and Business Success in Indonesia

2020 ◽  
Author(s):  
Frangky Selamat ◽  
Mei Ie ◽  
Jhanghiz Syahrivar ◽  
Chairy Chairy ◽  
Hetty Karunia Tunjungsari
Keyword(s):  
Business Success ◽  
Female Entrepreneurs

scholarly journals Determinants of Success of Businesses of Female Entrepreneurs in Taiwan

2021 ◽  
Vol 13 (9) ◽  
pp. 4842
Author(s):  
Lisa-Marie Schröder ◽  
Vito Bobek ◽  
Tatjana Horvat
Keyword(s):  
Success Factors ◽  
Stock Exchange ◽  
Secondary Data ◽  
Cultural Dimensions ◽  
Business Success ◽  
Personal Network ◽  
Female Entrepreneurship ◽  
Topic Area ◽  
Female Entrepreneurs ◽  
Social Theories

This paper deals with the topic area “female entrepreneurship,” and the research focuses on the determinants of female entrepreneurs’ business success and sustainability, together with their impact on Taiwan’s economic development. According to the Morgan Stanley Capital International (MSCI) and the Financial Times Stock Exchange (FTSE) classification, Taiwan can be considered an emerging economy. Various liberal and social theories and Hofstede’s cultural dimensions were analyzed to develop some hypotheses, including some relevant success factors connected to female entrepreneurship in Taiwan. The Global Entrepreneurship Monitor (GEM) and the Female Entrepreneurship Index (FEI) were relevant for the data analysis because the research was based on secondary data with 1098 observations, and a logistic regression model was performed. The factors of fear of failure and personal network correlated significantly to female entrepreneurs’ business success in Taiwan and the level of education had no significant correlation. Further research is recommended to include additional factors to achieve a higher accuracy of the model. A comparison of Taiwan with another region/country might also deliver some interesting insights.

SAUDI ARABIAN WOMEN IN ENTREPRENEURSHIP: CHALLENGES, OPPORTUNITIES AND POTENTIAL

2018 ◽  
Vol 23 (02) ◽  
pp. 1850013 ◽  
Author(s):  
AMAL A. BASAFFAR ◽  
LINDA S. NIEHM ◽  
ROBERT BOSSELMAN
Keyword(s):  
Saudi Arabia ◽  
Success Factors ◽  
Phenomenological Study ◽  
Business Owners ◽  
Entrepreneurial Activity ◽  
Business Success ◽  
Cultural Norms ◽  
Female Entrepreneurs ◽  
Saudi Women ◽  
Female Business Owners

Although traditional cultural norms have tended to impede Saudi women’s engagement in entrepreneurship, there are successful female business owners in Saudi Arabia. The Saudi government, seeing female entrepreneurship as a way to strengthen both the family unit and the economy, has recently created programs to encourage more women to become business owners. However, few women have taken advantage of these programs to date. This study aimed to identify factors that enable female business owners to realize their entrepreneurial potential. Nine business-owning women were interviewed for this phenomenological study. Drawing on Kreuger and Brazeal’s Model of Entrepreneurial Potential (MEP), the study investigated Saudi female entrepreneurs’ perceived self-efficacy, perceived desirability, perceived feasibility and propensity to act on entrepreneurial opportunities. Currently, limited empirical research exists on women’s entrepreneurial activity in Saudi Arabia. This study sought to fill that gap. Results from this study revealed unique strategic approaches and business success factors from the perspective of Saudi women, including their ability to work within or around cultural norms and rules to operate their businesses. The study suggests ways in which Saudi society can support women in realizing their entrepreneurial potential and also makes policy recommendations for government and business support entities.

scholarly journals Exploring Buddhist Teachings and Spirituality in Female Entrepreneurs' Business Decisions in Sri Lanka: The Foundational Role of the Five Precepts

2021 ◽  
Vol 7 (2) ◽  
Author(s):  
L.E.A.N. Perera ◽  
H.A.K.N.S. Surangi
Keyword(s):  
Sri Lanka ◽  
Social Constructionism ◽  
Critical Factor ◽  
Profit Sharing ◽  
Business Success ◽  
Snowball Sampling ◽  
Female Entrepreneurship ◽  
Female Entrepreneurs ◽  
Business Decisions

Female entrepreneurship is one of the main drivers of economic and social development in any country. Over the years, a great deal of research has been conducted in the area of female entrepreneurship. However, to date, there has not been much discussion of female entrepreneurs' religious behaviour. Hence, this study examines the nature of female entrepreneurs' religious behaviour and how Buddhist teachings and spirituality influence female entrepreneurs' business decisions throughout start-ups and the ongoing business operations. Although Buddhism is a vast literature, this study focuses mainly on the five precepts. This study is based on social constructionism philosophy, and narrative design was used to explore the female entrepreneurs' religious behaviour. A snowball sampling procedure was applied, and seven interviews were conducted to generate data for the study. This qualitative data analysis was complemented and supported by narrative in-depth interviews, observations and collected documents and field notes. Results revealed that Buddhist female entrepreneurs' business decisions are influenced by their religious teachings, especially the five precepts and religious spirituality. The main themes related to the start-up, operations and pricing, networks, profit sharing, finance, problem solving and sustainability. Further, female entrepreneurs have engaged in solid religious practices in businesses and personal lives since their childhood. Buddhist teachings and spirituality can be identified as the critical factor of Buddhist female entrepreneurs' business success and work-life satisfaction in Sri Lanka. The findings can facilitate and promote spiritual entrepreneurship among entrepreneurs. It is valuable to deepen our understanding of the role of Buddhist teachings and spirituality, which affects entrepreneurs' business decisions.

scholarly journals Aspects of the business success important to female entrepreneurs in urban areas of the Republic of Serbia: A pilot study

2016 ◽  
Vol 61 (208) ◽  
pp. 121-136 ◽  
Author(s):  
Danijela Stosic
Keyword(s):  
Pilot Study ◽  
Urban Areas ◽  
Employee Satisfaction ◽  
Employment Growth ◽  
Business Success ◽  
Personal Goals ◽  
Female Entrepreneurs ◽  
Family Work ◽  
Qualitative And Quantitative ◽  
The Republic

The paper presents results of an empirical study of the importance of qualitative and quantitative dimensions of business success for female entrepreneurs in the Republic of Serbia. There is empirical evidence that qualitative components, such as customer and employee satisfaction, relations with stakeholders, and family-work balance are more important to Serbian female entrepreneurs. Quantitative components (profit and employment growth, personal wealth, and other personal goals), although lower ranked, are also an important aspect of business success. These results also confirm that female entrepreneurs in Serbia have a diverse perception of business success.

scholarly journals The Differences in the Importance of Certain Aspects of Business Success for Female Entrepreneurs of Different Age and Education

2015 ◽  
Vol 53 (4) ◽  
pp. 502-518
Author(s):  
Danijela Stošić
Keyword(s):  
Principal Component Analysis ◽  
Urban Areas ◽  
Principal Component ◽  
Business Success ◽  
Methodological Framework ◽  
Female Entrepreneurs ◽  
Qualitative And Quantitative ◽  
Educational Groups ◽  
The Republic ◽  
Larger Sample

Abstract The aim of this paper is to examine the importance of different aspects of business success for different age and educational groups of female entrepreneurs in the Republic of Serbia. An empirical study was conducted on a sample of 40 female entrepreneurs from several urban areas in the Republic of Serbia. The data are analysed by conducting the Principal Component Analysis (PCA) and one-way Multivariate Analysis of Variances (MANOVA). Results show that all different aspects of business success that were examined can be grouped around two main dimensions - qualitative and quantitative one. Although certain differences in the importance of these dimensions between female entrepreneurs of different age and education were found, they were not statistically important. However, this research can be seen as a pilot study, so further research, which would possibly presuppose a realization of a larger sample, can be carried out starting from the defined conceptual and methodological framework.

scholarly journals Sociocultural factors as determinants of female entrepreneurs’ business strategies

2019 ◽  
Vol 12 (1) ◽  
pp. 144-167 ◽  
Author(s):  
Ufi Cullen
Keyword(s):  
Social Institutions ◽  
Cultural Dimensions ◽  
Business Strategies ◽  
Business Success ◽  
Sociocultural Factors ◽  
Female Entrepreneurs ◽  
Western Turkey ◽  
Content Type ◽  
The Impact ◽  
Country Specific

Purpose This paper aims to contribute to the understanding of the impact of social institutions, and, in particular, of national culture, on business success, further considering how these institutions influence entrepreneurial decisions around partnership structure and networking strategies, for instance. It additionally examines how the female entrepreneur finds her way around these institutions to help her business succeed, evaluating whether this success is a culture-independent phenomenon that can be achieved through using similar, potentially advantageous strategies regardless of national context or whether adjustments are required before entering a foreign market. Design/methodology/approach The data were collected through a survey study from 240 established female entrepreneurs with 120 from each country. Two existing surveys were used to create the questions. The target sample group was comprised of successful female businesses within northwest England and western Turkey. These regions were selected due to their convenience and accessibility. Only successful businesses or, in other words, established entrepreneurs were accepted to this study. The business success criteria were: age of business (>5 years); stability or growth recorded on profitability; sales volume; and number of employees within the last financial year. Findings The findings showed significant differences between the two groups of established female entrepreneurs in their demographic characteristics, networking pattern, work pattern, business structure and perceived impediments at different stages of business venturing. The findings assert that the cultural dimensions of power distance and individualism have the most significant impact upon the established female entrepreneurs’ business strategies. Originality/value To date, limited studies have examined the country-specific factors, which may account for variance in women entrepreneurs’ behaviour and subsequent outcomes. This study attempts to close this gap through taking a closer look at the country-specific sociocultural factors creating differences in established female entrepreneurs’ business strategies within the context of Turkey and the UK. Should any female business strategy have become successful in one country, then policymakers and women support organisations can work on developing ways for benchmarking. Moreover, this study aims to guide female entrepreneurs to develop feasible international market entry strategies to ensure survival in today’s global market.

Gender nuances in tourism-related entrepreneurship in Kwazulu-Natal, South Africa

2020 ◽  
Vol 9 (4) ◽  
pp. 109-137
Author(s):  
Nompumelelo Nzama ◽  
◽  
Ikechukwu O. Ezeuduji
Keyword(s):  
Women Entrepreneurs ◽  
Central Business District ◽  
Business Success ◽  
Entrepreneurial Success ◽  
Female Entrepreneurs ◽  
Start Up ◽  
Kwazulu Natal ◽  
Entrepreneurial Training ◽  
Business District ◽  
Structured Questionnaire

Previous studies have found that the number of women entrepreneurs is increasing, though many of them fail to sustain their businesses, compared to their male counterparts. This study explored gender nuances in the performances of tourism-related businesses in the Durban Central Business District, KwaZulu-Natal, with particular emphases on traditional societal perceptions and access to capital. A structured questionnaire was used to collect data from 150 purposively selected (75 females and 75 males) tourism-related entrepreneurs. We employed descriptive, bivariate and multivariate data analyses to address the research objectives. This study did not make a conclusive finding that gender plays a strong role in differentiating business success or performance. However, the study found that it is somewhat easier for female entrepreneurs to find business start-up capital. This study recommends that entrepreneurial training and mentorship programmes should emphasise that gender has no role in determining entrepreneurial success, and also increase the awareness level of entrepreneurs regarding business funding.

scholarly journals Women entrepreneurship in South Africa: Understanding the role of competencies in business success

2017 ◽  
Vol 9 (1) ◽  
Author(s):  
Bridget N.O. Irene
Keyword(s):  
South Africa ◽  
Government Support ◽  
Business Success ◽  
Quantitative Aspect ◽  
Racial Groups ◽  
Structured Interviews ◽  
Female Entrepreneurs ◽  
Internal Factors ◽  
Cultural Variations ◽  
Entrepreneurial Competencies

Background and aim: Environmental factors alone cannot determine the success of small, medium and micro-sized enterprises (SMMEs) and female entrepreneurs; there is a need to closely examine the internal factors that also contribute to business success. This is necessary because, despite the considerable government support and support of bodies interested in promoting gender equality in all areas (business included), 20% of female-owned businesses still fail annually. Consequently, even though, according to a report from the Department of Trade and Industry in South Africa, millions of Rands have been allocated to support female-owned SMMEs by way of government funding, training, grants and consultative support services, the failure rates of these female-owned businesses remain high. The main reason for this can be that over-dependence on these incentives often weakens rather than strengthens female entrepreneurs’ ability to manage their businesses and reduces their competitiveness by laying emphasis on external, contextual factors rather than internal, competence variables for success. Researchers in the past have suggested that focusing on the internal factors, especially the ‘people issues’ facing the entrepreneurs (in this case female entrepreneurs), may give the business a better chance of success.Design/methodology/approach: A ‘mixed-method’ approach, conducted in two parts, was adopted for this study and appropriate tools and techniques were used to collect and analyse the data drawn from a sample of female entrepreneurs in South Africa. The study applies culturally instantiated facets of the debate on gender entrepreneurship as part of a detailed and empirically sophisticated consideration of the status of female entrepreneurship within South Africa. The qualitative aspect utilised semi-structured interviews and focus group discussions. The quantitative aspect utilised survey questionnaires developed from the findings of the qualitative study.Results: All participants agreed that entrepreneurial competencies are vital for business success. The study also makes a clear distinction between the traits approach and competencies approach in understanding business success. Arguably, the competency variable is viewed and appreciated differently by female entrepreneurs in South Africa. The findings also showed some cultural variations in the application of entrepreneurial competencies among the four dominant racial groups in South Africa.Conclusion: This study offers a comprehensive analysis of the competency variable in understanding the factors that influence business success in the context of South African female entrepreneurs. It provides a basis for an agenda for focus on training and development of the entrepreneurial competencies of female entrepreneurs in South Africa.

scholarly journals A Cross-cultural Assessment of the Competency Needs of Women Operating in the Context of SMMEs in South Africa

2017 ◽  
Vol 8 (1) ◽  
pp. 20-30 ◽  
Author(s):  
B.N.O. Irene
Keyword(s):  
South Africa ◽  
South African ◽  
Cross Cultural ◽  
Business Success ◽  
Focus Group Discussions ◽  
Group Discussions ◽  
Female Entrepreneurs ◽  
Competency Training ◽  
Technical Competency ◽  
Technical Competencies

Abstract Previous reports identified two types of entrepreneurs: opportunity entrepreneurs and necessity entrepreneurs. Opportunity entrepreneurs are those who discover or identify an opportunity or gap in the marketplace and embark on the entrepreneurial journey to fill that gap. By contrast, the necessity entrepreneurs embark on the journey out of a need to survive due to a lack of employment, have reached the peak of their careers (glass ceiling), or lack the necessary qualifications to work for other firms. Given that “necessity”, rather than “opportunity”, has been identified as the main reason why women venture into business ownership in South Africa, it can, therefore, be deduced that many women embark on the entrepreneurial journey ill-prepared, with little understanding of the intricacies of business operation and management and possessing few or no skills and competencies. Researchers in the past have suggested that focusing on the internal factors, especially the “people issues” facing the entrepreneurs (in this case females), may give the business a better chance of success. A “mixed-method” approach, conducted in two parts, was adopted for this study. The qualitative aspect utilised semi-structured interviews and focus group discussions. The qualitative study was exploratory and the method of data collection was mostly based on communication by means of face-to-face interaction with participants. Personal interviews were conducted with female entrepreneurs over a period of five months, following which focus group discussions were conducted (with female entrepreneurs). It focused on exploring the link between entrepreneurial competencies and the business success of female owner and managed SMMEs in South Africa. Cross-cultural differences were explored and the arguments were examined inductively and deductively using thematic content analysis. Samples comprise 128 female entrepreneurs drawn from the four government identified races (Black Africans, White, Indian and Coloured). The qualitative findings from the current research revealed that female SMMEs entrepreneurs from the previously most disadvantaged groups in society under apartheid, (Black Africans and Coloured), made no comments indicative of possessing technical competencies. Nevertheless, in the quantitative findings, the technical competency had relatively high correlations with measures of business success, such as the black women entrepreneurs′ satisfaction with financial performance, where α = .34. Further, the regression analysis confirmed that the competencies studied in this current research do influence business success. This suggests that technical competencies are not only important for all SME’s but that in particular, the previously disadvantaged groups in South Africa may especially benefit from increased training (and if necessary from concomitant levels of physical technical resource allocation) in this area.” This study offers an insight into the factors that influence the business success of South African female SMMEs operators and their decision for new venture creation and its possible link to the strategies they adopt to grow and sustain their businesses. A practical contribution of this research was to specifically highlight some of the individual competency needs of the different groups in the South African society, and in particular to delineate some of the specific competency training needs (e.g. in technical competency training) of women that were most disadvantaged under apartheid.

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