Challenges Faced by Women Entrepreneurs

Topics: Five-Year Plans of China, Five-year plan, Economic history of the People's Republic of China Pages: 12 (3624 words) Published: April 11, 2012
Challenges faced by Women Entrepreneurs in Service Sector

Abstract

Women entrepreneurship development is an essential part of human resource development. In traditional societies, they were confined to the four walls of houses performing household activities. The global evidences prove that women have been performing exceedingly well in different spheres of activities like academics, politics, administration, social work and now into industry also and running their enterprises successfully. The Government of India has defined a women entrepreneur is “ an enterprise owned and controlled by a women having a minimum financial interest of 51% of the capital and giving at least 51% of the employment generated in the enterprise to women “.The major factors hindering the success of women units are availability of raw materials, finance, labor, power supply, marketing, entrepreneurial problems and social and cultural factors. Another important problem Identified nowadays is sexual harassment by colleagues and senior staff and competition in the field from other units. . A sense towards independent decision-making on their life and career is the motivational factor behind this urge. Saddled with household chores and domestic responsibilities women want to get independence Under the influence of these factors the women entrepreneurs choose a profession as a challenge and as an urge to do some thing new Any understanding of Indian women, of their identity, and especially of their role taking and breaking new paths, will be incomplete without a walk down the corridors of Indian history where women have lived and internalized various role models. The paper talks about the status of women entrepreneurs and the problems faced by them when they ventured out to carve their own niche in the competitive world of business environment.

Women constitute around half of the total world population. They are therefore regarded as the better half of the society. In traditional societies, they were confined to the four walls of houses performing household activities. In modern societies, the global evidences prove that women have been performing exceedingly well in different spheres of activities like academics, politics, administration, social work and so on. And now they have started plunging into industry also and running their enterprises successfully. Al through small businesses owned by women have traditionally focused on fashion , fond and other services sector, but recently women entrepreneurs have been moving rapidly into manufacturing, construction and other industrial field. The hidden entrepreneurial potential of women have gradually been changing with the growing sensivity to the role and economic status in the society. This paper focuses on Women entrepreneur- understanding Indian women, their identity, and especially their role taking challenges, breaking new paths, and the problems faced by them when they venture out to carve their own niche in the competitive world of business environment.

Definition-
Women entrepreneur is a person who accepts challenging role to meet her personal need and become economically independent. There are economical, social, religious, cultural and other factors existing in the society which responsible for the emergency of the entrepreneurs. The Government of India has defined a women entrepreneur is an “enterprise owned and controlled by a women having a minimum financial interest of 51% of the capital and giving atleast 51% of the employment generated in the enterprise to women”. Frederick Harbison defines “Any women or group of women which innovates, imitates or adapts an economic activity may be called as women entrepreneurship”.He has enumerated the following five functions  of a women entrepreneur's : * Exploration of the prospects of starting a new business enterprise. * Undertaking a risk and handling of economic uncertainties involved in business....

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2. Medha Dubhashi Vinze (1987) Women Entrepreneurs In India: A Socio-Economic Study of Delhi - 1975-76, Mittal Publications, New Delhi.
3. Renuka V. (2001) Opportunities and challenges for women in business, India Together, Online Report, Civil Society Information Exchange Pvt. Ltd.
4. Starcher, D. C. (1996). Women entrepreneurs: Catalysts for transformation.
5. "The female poverty trap." (2001, May 8). The Economist.
6. United Nations Industrial Development Organization (UNIDO). (1995a). "Women, industry and entrepreneurship." Women in Industry Series. Vienna, Austria: author.
7. Women entrepreneurs in poorest countries face formidable challenges, including lack of training, credit, say speakers at Brussels forum" [Press release]. (2001, May 21.
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