scholarly journals Entrepreneurial Success: Key Challenges Faced by Malaysian Women Entrepreneurs in 21st Century

2020 ◽  
Vol 15 (9) ◽  
pp. 122
Author(s):  
Abdul Basit ◽  
Zubair Hassan ◽  
Sharmila Sethumadhavan
Keyword(s):  
Social Support ◽  
Emotional Intelligence ◽  
Human Resource Development ◽  
Risk Taking ◽  
Women Entrepreneurs ◽  
Gender Stereotype ◽  
Entrepreneurial Success ◽  
Know How ◽  
Small Medium Enterprises ◽  
Medium Enterprises

The purpose of this research is to investigate the challenges faced by women entrepreneurs on entrepreneurial success in Malaysia. This study proposes a conceptual framework and investigates the significant factors of family and social support, emotional intelligence, gender stereotype, and knowledge and risk-taking behavior in predicting women entrepreneurial success. Data was collected using a questionnaire with a Likert scale from 1-5 from a sample of 125 women entrepreneurs who owned Small-Medium-Enterprises (SME) in Malaysia using a convenient sampling technique. Collected data were analysed using structural equation modeling (SEM) via AMOS 22 software. The result indicated that “knowledge” have significant negative impact on women entrepreneurial success, while all the other challenges identified in the previous research such as lack of emotional intelligence, lack of family support, poor risk taking behaviour, gender stereotype were not significant in influencing women entrepreneurial success. Family and social support, and risk-taking behaviour were found contradict with other previous researches indicating that women entrepreneurs are becoming more independent due to the changing norms and cultural values. In conclusion, women entrepreneurial success largely dependent on the work experiences, relevant skills/competencies and industrial know-how they acquired and mastered to effectively manage and grow their businesses. It is recommended that women-entrepreneurs in Small Medium Enterprises(SME) shall invest in continuous learning to gain more relevant skills/competencies, knowledge, industrial know-how and experiences to sharpen their competitive advantages and sustain continuous development and growth. Therefore, it’s highly recommended that government should formulate policies to promote women entrepreneurship through effective and practical trainings. This study will be useful for women entrepreneurs to develop themselves by investing themselves to gain knowledge by participating academic programs and industrial based network conferences. Entrepreneurial development authorities or bodies will be able to use this study to develop and design human resource development intervention program to enable women entrepreneurs to be more successful. Future researchers can increase the sample size and focus on similar type of small medium enterprise owners in terms of sector or industry and size. Also the future researchers can used a mixed method in collecting data to provide a more coherent and meaningful conclusion.

scholarly journals THE ROLE OF RECORDING AND REPORTING PROCESS OF BASIC ACCOUNTING IN SMALL MEDIUM ENTERPRISES OF OMAH DUREN SURABAYA

2018 ◽  
Vol 15 (01) ◽  
pp. 35
Author(s):  
Lucya Erlinda Sonia ◽  
Stefanie Gianto
Keyword(s):  
Business Process ◽  
Financial Management ◽  
Small And Medium Enterprises ◽  
Data Sources ◽  
Transaction Data ◽  
Know How ◽  
Reporting Process ◽  
Small Medium Enterprises ◽  
Medium Enterprises

Financial management is a problem that is quite difficult for Small and Medium Enterprises (SMEs) in Indonesia. The lack of awareness and knowledge of SMEs owner regarding the accounting process considered as the root causes of their financial management difficulties. Based on that, researcher aims to help one of SMEs in Surabaya which is Omah Duren Surabaya, in order to know about the process of recording and reporting a SME, then find a way to improve it in a diligent way. Researcher uses interviews, observations and documents sheets to analyze and know-how Omah Duren business process. The information that gained from Omah Duren owner and transaction data, as well as direct observation in recording and reporting activities is one of researcher data sources. Researcher concluded that Omah Duren SME’s still not performing the simple accounting process in accordance with generally accepted. Therefore, researcher provide a recommendations in helping them in recording and reporting their financial effectively and efficiently. This research will also discuss the role of recording and reporting that is generally accepted for SMEs.

Investigating entrepreneurial success factors of women-owned SMEs in UAE

2018 ◽  
Vol 56 (1) ◽  
pp. 219-232 ◽  
Author(s):  
Namrata Gupta ◽  
Anita Mirchandani
Keyword(s):  
Women Entrepreneurs ◽  
Success Factors ◽  
Small And Medium Enterprises ◽  
Arab World ◽  
Mail Survey ◽  
Government Support ◽  
Entrepreneurial Success ◽  
Content Type ◽  
Factors Affecting ◽  
Medium Enterprises

Purpose The purpose of this paper is to investigate the key factors affecting the success of women entrepreneurs who own and manage Small and Medium Enterprises (SMEs) in UAE. The extant literature on the relationship between determinants of entrepreneurial success points to a lack of clarification of the link between success factors (Personal, environmental and other) and performance of women-owned SMEs particularly in UAE. Design/methodology/approach A self-administered questionnaire, through mail survey, is used to collect the data. Cronbach’s α test and factor analysis have been carried out to test the reliability of data and validate the hypothesis. Findings The results suggested that the personal, environmental factors and government support affect positively and significantly to the success of women-owned SMEs in UAE. Research limitations/implications The study has some limits as to its potential for generalization owing to the sample size, wide geographic spread of respondents and time limitations with the respondents. Practical implications The results indicate that several factors including personal, environmental and government support are linked with the success of women entrepreneurs of UAE. The results of this study will provide some insights to policymakers and business practitioners to formulate the strategies intended to promote unveiled potential among women entrepreneurs in UAE. Originality/value Most of the studies focused on women entrepreneurship have taken either their motives or the hurdles faced by them into consideration. Moreover, only a few studies have been carried out in Arab world particularly in UAE. Therefore, this study is an attempt to fill the gap and contribute to a better understanding of UAE’s women-owned SMEs.

Womenpreneur, Peranan Dan Kendalanya Dalam Kegiatan Dunia Usaha

Liquidity ◽  
2018 ◽  
Vol 2 (2) ◽  
pp. 170-178
Author(s):  
Tyahya Whisnu Hendratni ◽  
Ermalina Ermalina
Keyword(s):  
Women Entrepreneurs ◽  
Total Population ◽  
Business Sector ◽  
Entrepreneurial Process ◽  
Female Population ◽  
Upper Level ◽  
Small Medium Enterprises ◽  
Medium Enterprises

None of the womenpreneurs who later successful because legacy. They all debuted at the top of the business due to sweating, climbing from below. They became rich because of the creative, patient, persistent, and loyal to undergo entrepreneurial process. Number of women entrepreneurs in Indonesia is still minimal namely 0,1% of the total population. The potential for Indonesian women to take part of business sector or business large enough. Moreover, the female population reaches 49% of the total population of Indonesia. The majority of Indonesia women entrepreneurs engaged in levels of Micro Small Medium Enterprises (SMEs), most small moves in the middle to upper level. Although the numbers are still small, women are even more resilient SMEs and proved largely survived the 1998 crisis when the storm hit and 2009.

scholarly journals Work-Life Balance of Women Entrepreneurs (Wlbwe): a Model

2019 ◽  
Vol 9 (1) ◽  
pp. 2005-2011
Keyword(s):  
Women Entrepreneurs ◽  
Well Being ◽  
Work Life ◽  
Work Life Balance ◽  
Life Balance ◽  
Happy Life ◽  
Family Demands ◽  
Small Medium Enterprises ◽  
Capital Development ◽  
Medium Enterprises

Today’s women are contributing to family and nation’s economy. This study proposed a new conceptual framework that incorporates the importance of the worklife balance and implication on health for women entrepreneurs in Small Medium Enterprises (SMESs). Survey questionnaire was used to gather information on variables that are pertinent to the development of the model. The survey questionnaires were analyzed using multiple regression. The samples for this study consisted of 278 women entrepreneurs. The findings revealed that work-life balance women entrepreneurs model (WLBWE model) is suitable for women entrepreneurs to enhance their life well – being and gain profit in their business. Finally, the alert of health affected only significant in the contribution between work demands and family demands to enhance profit in organization and maintain with happy life with family and doesn’t give a direct impact to personal and annual turnover performance. The study is beneficial for policy makers and Human Capital Development units in organizations to embed essential concepts in their organizations’ strategic planning.

scholarly journals Factors affecting women entrepreneurs’ success: a study of small- and medium-sized enterprises in emerging market of Pakistan

2021 ◽  
Vol 10 (1) ◽  
Author(s):  
Rizwan Ullah Khan ◽  
Yashar Salamzadeh ◽  
Syed Zulfiqar Ali Shah ◽  
Mazhar Hussain
Keyword(s):  
Economic Development ◽  
Women Entrepreneurs ◽  
Small And Medium Enterprises ◽  
Emerging Market ◽  
External Factors ◽  
Entrepreneurial Success ◽  
Factors Affecting ◽  
Self Confidence ◽  
Medium Enterprises ◽  
Internal And External Factors

AbstractIn the present era, women are recognized as successful entrepreneurs through their strong desire, qualities, and capabilities for robust economic development. Due to such an important contribution of women in economic development, we propose to investigate the factors which affect women entrepreneur’s success in Pakistan. Data were collected through structured questionnaires from 181 registered SMEs operating in Pakistan. A conceptual model is developed, while SPSS and AMOS software’s are used for analysis. The results indicate that the internal factors including the need for achievements, risk-taking, and self-confidence and external factors including economic factors and socio-cultural factors have a positive and significant influence on the success of women-owned enterprises. This research recommends Small and Medium Enterprises Development Authority (SMEDA), policymakers, and practitioners to encourage women entrepreneurs to run their businesses for the long term by providing a variety of incentives and supports related to those internal and external factors. Numerous studies have been conducted to test the different factors’ effects on women’s entrepreneurial success, but our study investigated some psychological, cultural, and religious factors that are still almost untouched especially in Pakistan. The current study also contributes to the existing literature through empirical shreds of evidence.

Will Entrepreneurial Orientation Contribute to Entrepreneurial Success?

2020 ◽  
Vol 7 (7) ◽  
pp. 420-434
Author(s):  
Oyedele M. Oyeku ◽  
Oduyoye Oluseyi ◽  
F. A. Karimu ◽  
F. A. Akindoju ◽  
M. O. Togunde ◽  
...  
Keyword(s):  
Pilot Study ◽  
Sample Size ◽  
Risk Taking ◽  
Entrepreneurial Orientation ◽  
Small And Medium Enterprises ◽  
National Association ◽  
P Value ◽  
Entrepreneurial Success ◽  
Lagos State ◽  
Medium Enterprises

The purpose of this study is to examine the effect of entrepreneurial orientation on entrepreneurial success. The study population is the 9,450 small and medium enterprises (SMEs) who are registered members of the National Association of Small and Medium Enterprises (NASME), National Association of Small Scale Industrialists (NASSI) and Association of Small Business Owners in Nigeria (ASBON) in Lagos State. The study employs probability sampling technique and specifically, proportionate stratified random sampling method to select it samples from the sampling frame. Sample size of 381 determined using the formula developed by the National Education Association (1960) for sample size determination was used for this study. The study employed questionnaire as research instrument to collect primary data on the dependent variable (Entrepreneurial success) and independent variable (Entrepreneurial orientation). Entrepreneurial orientation measures are: Innovativeness, Proactiveness and Risk taking while measures for entrepreneurial success are: profitability, market share, net asset growth, sales growth and government policies. The questionnaire was pretested by a pilot study of 50 selected SMEs. Data from the pilot study was analyzed and based on the result, the questionnaire was slightly modified giving an overall Cronbach’s Alpha value of 0.853. The value of F (3,206) = 21.848, p <.05, shows that the combined effect of innovativeness, risk taking and pro-activeness was statistically significant in explaining changes in entrepreneurial success in Lagos State. The findings of the study also reveal that entrepreneurial pro-activeness had the highest influence on SMEs entrepreneurial success because the p value was 0.000 followed by risk taking with 0.007, and lastly innovativeness with a p value of 0.942. This finding may be of help to the owner/managers of SMEs to be more entrepreneurial oriented and developed competitive edge in order for them to survive the intensely competitive market environment.

scholarly journals The Dimensions of Entrepreneurial Orientation and Business Environment

2020 ◽  
Vol 5 (13) ◽  
pp. 415
Author(s):  
Ainunnazlee Mohd Ali ◽  
Azmi Mat ◽  
Norliza Saiful Bahry ◽  
Muhammad Zaim Mohd Salleh
Keyword(s):  
Risk Taking ◽  
Entrepreneurial Orientation ◽  
Publishing House ◽  
Business Environment ◽  
Market Place ◽  
Large Corporation ◽  
International Publishing ◽  
Small Medium Enterprises ◽  
Medium Enterprises ◽  
Open Access Article

The fundamental of entrepreneurial orientation (EO) is needed to engage entrepreneur being creative, innovative, risky as well as uncertain activities in the market place and discover new opportunities before their competitors. Due to low risk-taking propensity, Micro, Small Medium Enterprises in Malaysia growing in number each year but they are not into becoming a large corporation due to unwillingness to commit resources to undergo activities and projects which resulted in the uncertainty of the outcomes. Hence, this study discussed the fundamental of entrepreneurial orientation and practices of EO among the new entrant in the business.Keywords: Creative, Innovative, Risky, and EntrepreneurialeISSN: 2398-4287© 2020. The Authors. Published for AMER ABRA cE-Bs by e-International Publishing House, Ltd., UK. This is an open access article under the CC BYNC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/). Peer–review under responsibility of AMER (Association of Malaysian Environment-Behaviour Researchers), ABRA (Association of Behavioural Researchers on Asians) and cE-Bs (Centre for Environment-Behaviour Studies), Faculty of Architecture, Planning & Surveying, Universiti Teknologi MARA, Malaysia.DOI: https://doi.org/10.21834/e-bpj.v5i13.1949 

scholarly journals Factors Affecting Women Entrepreneurs’ Success; A study of Small and Medium-Sized Enterprises in Emerging Market of Pakistan

2020 ◽  
Author(s):  
RIZWAN Ullah KHAN ◽  
Yashar Salamzadeh ◽  
Syed Zulfiqar Ali Shah ◽  
Mazhar Hussain
Keyword(s):  
Economic Development ◽  
Women Entrepreneurs ◽  
Small And Medium Enterprises ◽  
Emerging Market ◽  
External Factors ◽  
Entrepreneurial Success ◽  
Factors Affecting ◽  
Self Confidence ◽  
Medium Enterprises ◽  
Internal And External Factors

Abstract In the present era, women are recognized as successful entrepreneurs through their strong desire, qualities and capabilities for robust economic development. Due to such an important contribution of women in economic development, we propose to investigate the factors, which affect women entrepreneur’s success in Pakistan. Data collected through structured questionnaires from 181 registered SMEs operating in Pakistan. A conceptual model is developed, while SPSS and AMOS software’s are used for analysis. The results indicate that the internal factors; including the need for achievements, risk-taking and self-confidence and external factors including economic factors and socio-cultural factors have a positive and significant influence on the success of women-owned enterprises. This research recommends Small and Medium Enterprises Development Authority (SMEDA), policymakers and practitioners to encourage women entrepreneurs to run their businesses for the long term by providing a variety of incentives and supports related to those internal and external factors. Numerous studies have been conducted to test the different factors’ effects on women's entrepreneurial success, but our study investigated some psychological, cultural and religious factors that are still almost untouched especially in Pakistan. The current study also contributes to the existing literature through empirical shreds of evidence.

scholarly journals Personality as a predictor of human resource management strategy among small and medium enterprise owner-managers in South Africa

2021 ◽  
Vol 18 (1) ◽  
pp. 142-172
Author(s):  
N MONI ◽  
◽  
C CHIPUNZA ◽  
Keyword(s):  
South Africa ◽  
Human Resources ◽  
Human Resource Development ◽  
Human Resource ◽  
Small And Medium Enterprises ◽  
Human Resources Management ◽  
Cross Sectional ◽  
Medium Enterprise ◽  
Small Medium Enterprises ◽  
Medium Enterprises

This study investigated personality as a predictor for the choice of human resource strategies among small medium enterprises (SMEs) owner-managers in a district in the Free State Province of South Africa. Small and medium enterprises are regarded as essential and contribute towards a country’s growth; however, most of them fail within the first year or two (2) of inception. While many reasons have been proffered to explain such failures, the issue of human resources management (HRM) has not been given much attention in most South African SME literature and studies. Known studies have attempted to explain SMEs success and survival using personality and motivation, resulting in mixed results, yet, none of the studies done attempted to link personality and human resources (HR) within the SMEs context. The study adopted a positivist philosophical paradigm and was, therefore, quantitative in nature. The design was cross-sectional with a sample size of 180 SMEs owner-managers. Data was collected by means of self-administered questionnaires and analysed using descriptive and logistics regression techniques. The findings show that there is a positive and significant relationship between personality and the selected human resource strategies. The study is a first of its kind study to investigate the two (2) variables in South Africa and thus contributes to the literature on SMEs by providing a platform for profiling SME owners, thereby linking personality characteristics to human resource development and business growth.

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