Women entrepreneurship is now a rapidly growing socio-economic phenomenon in the developing countries. Developing countries are now giving emphasis on women entrepreneurship development issues as a part of their national development initiatives. Today, it is recognized that women's entrepreneurship can make a particular and strong contribution to the economic welfare of the families and communities, in employment generation, poverty reduction and women empowerment ensuring their rights.
By Nina Merchant-Vega Since the s, microfinance institutions in Bangladesh, such as the Grameen Bank, have touted the success of women microentrepreneurs in starting and operating thousands of microenterprises throughout the country.
While this is certainly an achievement, Bangladeshi women have not achieved the same level of success in the small and medium-sized enterprises SME sector. In Bangladesh, male small business owners far outnumber female business owners, despite some recent progress.
A business owner in Bogra, northern Bangladesh. Photo by Geoffrey Hiller. The importance of SMEs to overall growth in an economy is well-known. Although the exact definition of SMEs varies from country-to-country, they are generally much larger — in terms of both assets and number of employees — than microenterprises.
SMEs are often lifelines for larger firms — including foreign-owned firms — supplying them with raw materials, parts, and services. They are also more productive than microenterprises, driving employment and competition.
On an individual level, starting and operating an SME requires not only entrepreneurial spirit and start-up capital which many microentrepreneurs havebut also managerial and logistical expertise.
In addition, in cumbersome business environments like Bangladeshstarting and operating an SME often requires a business person to be well connected to bureaucrats or at least to networks who can access them.
Women entrepreneurs in countries like Bangladesh frequently lack access to such expertise and networks, limiting their ability to become SME entrepreneurs.
In order to understand these issues more deeply, The Asia Foundation has begun to closely examine the gender disaggregated data of its Economic Governance Indices EGI in Bangladesh and other countries.
EGIs are composite indexes, based on a point scale that scores the economic governance of each sub-national unit in a country.
By examining the gender-disaggregated raw data, we can determine systematic differences between men and women entrepreneurs to better understand the complex challenges that women entrepreneurs face.
So far, we have just begun to examine the data in Bangladesh and Indonesia, focusing mostly on firm-level and household-level demographic data. Most of these preliminary results are in line with what we expected.
According to the Bangladesh EGI data see Figure belowonly 69 of the 3, firms in the sample have at least one female owner. This means that less than two percent of firm owners in the country are women.
According to leading experts, most SMEs in the country are sole proprietorships or partnerships formed around family businesses. Tradition dictates that the male head of the household owns most of the family assets, including family businesses.
Similarly, as the next figure shows, female SME ownership across districts is very uneven, with smaller districts like Barisal and Jessore having a higher proportion of female owner than large cities such as Dhaka, Chittagong, and Khulna.
Additionally, on average women-owned firms are younger than male-owned firms, at approximately 11 years and 13 years respectively. Although the sample size for the female firms is small, the evidence suggests that this is a statistically significant difference.
This reflects the relatively recent rise of female entrepreneurship in the country. This increase in labor force participation is due primarily to the absorption of women workers into traditionally male-dominated fields such as frozen shrimp enterprises.
In fact, a recent study by the group finds that women entrepreneurs are more likely to hire other women, thereby increasing employment opportunities.
Our own data bears this out. INTRODUCTION Brand - A Brand is naming of a product/service which differentiate it from its competitors.A brand is a customer experience represented by a collection of images and ideas; often, it refers to a symbol such as a .
This article identifies 10 Of The Most Influential Women Of Our Time. The Top 10 Most Influential & Successful Female Entrepreneurs #10 – Sheryl Sandberg. Whilst Facebook was certainly very popular before she came on board in , it was difficult to see how the site would make an income worthy of its valuation.
Not only did she help meet. In the Northeastern Bangladesh city of Sylhet, a group of women entrepreneurs have joined together to advocate for better access to loans for women.
Through their efforts, more women are now finding the means to grow their own business and boost employment in their region. The main objective of the study is to critically examine the women entrepreneurship development under Islamic perspective in some selected women entrepreneurs of Bangladesh.
However, the study covers the following specific objectives. Specific Objectives 1. Request PDF on ResearchGate | On May 15, , Mohammed Abu Jahed and others published WOMEN ENTREPRENEURSHIP IN BANGLADESH: A STUDY ON SUPPORT SERVICES AVAILABLE FOR ITS DEVELOPMENT AND GROWTH.
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