...LETTRR OF TRANSMITTAL 17TH DECEMBER, 2012. TO Dr.A.K.M.Helal ul zaman Director of MBA program Faculty of Business ASA University Bangladesh. Subject: Women Entrepreneurship A study on some selected Boutique Business in Chittagong. Dear Sir, This is a great honor for us to hand you the report about Women Entrepreneurship: A study of some selected Boutique business in Chittagong, completed on different boutique house belongs to women’s. However, we have tried to attain practical knowledge of entrepreneurship. We have learned the practical experience of entrepreneurs and achieved some theoretical knowledge about it. We also find out the present situation of the women entrepreneurs and recommend the future steps that must be taken by Govt. for the improvement of women entrepreneurs. We appreciate having worked under you and to complete the report under your course teacher. Sincerely Yours, Name | Signature | Masudur Rahman | | Raihanul Islam | | Md.Hediatul Islam | | Md.Habibuzzaman | | Md.Tanvir Reza | Bachelor of Business Administration (B.B.A) Batch: 10th (A) ACKNOWLEDGEMENT Preparing a report requires a number of people’s contribution. The group members of “Proactive” do their part efficiently. We would like to recognize just a few people who contributed to this report. We would like to express our gratitude to all those who gave us the possibility to complete the report. We are highly obliged...
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...empowerment. Modern women have traded into almost all spheres and have proved themselves which were previously the exclusive domain of their male counterparts. Endowed with famous female institution that helps them make the right choices even in situations where experience and logic fail, women have innate flair for entrepreneurship. They are natural networks and relationship builders, forging powerful bonds and nurturing relationship with clients and employees alike. They are more inclined to seek out mentors and develop supportive teams. Women entrepreneurs need to be landed for their increased utilization of modern technologies increased investment, finding a niche in the export market creating a sizable employment for others and setting the trend for other entrepreneurs in the organized sector. Gender equality and economic development go hand in hand. The emergence of women entrepreneurs and their contribution be national economy is quite visible in India. They now constitute around 10% of the total number of entrepreneurs with a rapidly increasing trend. The growing recognition that the women have unique talents which could be harnessed for development, and for creating employment opportunities for others who are not suited to an entrepreneurial career, developing women as entrepreneur has become an important and integral part of national development planning and strategies. With corporate eager to associate and work with women owned business and a host...
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...TITLE: IMPROVING WOMEN ENTREPRENEURS IN SMALL AND MEDIUM ENTERPRISE IN MALAYSIA: POLICY RECOMMENDATIONS. INTORDUCTION Nowadays, there are a lot of women are involved in business activity. Most of them tend to involved in Small and Medium Enterprise (SME). Based on the previous studies from Multimedia University, Malacca, they mention that SME has been recognized as a major source of global economic growth and employment of women entrepreneurs have been acknowledged to play critical roles for bringing their ideas and capabilities towards successful achievement of the SME development in their countries. Malaysia government was realizing of the important of women entrepreneur to the growth and development of economic and tries to make available to the women entrepreneurs of funds and grants through many of its agencies such as the Special Assistance Schemes through the Small and Medium Industries Development Corporation (SMIDEC). Based on previous studies, they indicated that the capital, networks affiliation, education, training and counseling, and usage of ICT are important factors influencing the growth of women entrepreneurs in Malaysia. These factors have become barriers to women entrepreneur to success. SUMMARY According to studies that made by previous researchers, they mention that financial problem is some of barriers that make the women entrepreneur is hardly to success. Financial problem including difficulties to obtain start-up funds, financial management...
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...Women Entrepreneurs in SMEs: Bangladesh Perspective Sponsored by: SME Foundation Conducted by: MIDAS November 2009 Table of Contents Acronyms List of Tables and Figures Executive Summary Chapter 1.0 1.1 1.2 1.3 1.4 1.5 1.6 Chapter 2.0 2.1 2.1.1 2.1.2 2.1.3 2.1.4 2.1.5 2.1.6 2.2 2.3 2.4 2.5 2.5.1 2.5.2 2.6 3.0 4.0 4..1 4..2 5.0 5.1 5.2 5.3 5.4 6.0 6.1 6.2 6.3 6.4 6.4.1 6.5 6.6 6.7 6.7.1 6.7.2 7.0 7.1 Introduction Statement of the problem Significance of the study Objective of the study Theoretical perspective of the study Scope of the study Limitations of the study Study Methodology Primary Research Location of the survey Sample Size Support Service Providers Methods of Data Collection Techniques of Data Collection Techniques of Data Analysis Secondary Research Focus Group Discussion (FGD) Key Informant Meeting (KIM) and Preparation of Case Studies Planning Workshops (PW) Planning Workshop Dialogues in the 6 Divisional HQs Discussions at Planning Workshops National Dissemination Seminar (NDS) Literature Review Entrepreneurship Concept of Entrepreneurship: A theoretical discussion Entrepreneurship in Bangladesh Women Entrepreneurship in Bangladesh History of Women Entrepreneurship Development in Bangladesh Women Entrepreneurs of Bangladesh Women Entrepreneurship in Urban Areas Women Entrepreneurship in Rural Areas Small & Medium Enterprises (SMEs) Definition of SME Theories of SME SMEs in Bangladesh Promotion of SMEs for Sustainable Development Access to Finance...
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...a brand to women entrepreneurs Outstanding performance of NAWEM member PERSONAL ENTREPRENEURIAL COMPETENCIES • an (2001) defines entrepreneurial competencies as individual characteristics, M knowledge and skill that lead to effective or higher entrepreneurial job performance; which can be assessed through the behaviors of entrepreneurs. INTERNAL MOTIVATION • efer to the driving force that comes from inner side of someone that lead to a R good performance because of the satisfied feeling when success to accomplish something (Fleming, 2010). FAMILY SUPPORT • efer to the driving force that comes from inner side of someone that lead to a R good performance because of the satisfied feeling when success to accomplish something (Fleming, 2010). INSTITUTIONAL SUPPORT • he external support received by women entrepreneurs obtain from government T organizations, financial institutions and other institutional support (Ranasinge, 2011) Variables Women Entrepreneurs’ Success Personal Entrepreneurial Competencies Internal Motivation Family Support Institutional Support Model/Author Syed, Fauzi and Asiah, (2010), Salfiya and Gunapalan, (2012), Ranasinghe, (2011) Ranasinghe, (2011) Syed, Fauzi and Asiah, (2010), Salfiya and Gunapalan, (2012) Syed, Fauzi and Asiah, (2010) Salfiya and Gunapalan, (2012) Adapted/New Adapted Adapted Adapted Adapted Adapted Personal Entrepreneurial Competencies Internal Motivation Women Entrepreneurs’ Success Family...
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...3.0 Challenges: Previously faced and presently being faced 3.1 Challenges faced by Women Entrepreneur 1. The chief deterrent to women entrepreneurs is being women. A kind of patriarchal, that is, a male dominated social order is and will be a building block to women in their way towards business success. 2. Male dominated society and members think it is a risky financing the projects, businesses or enterprises run by women. 3. Financial institutions are unconvinced and cynical about women entrepreneurial abilities. The bankers consider women as more riskier than men. 4. Women entrepreneurs suffer from insufficient financial resources and/or working capital, as they lack access to obtain external funds due to their inability in providing tangible or collateral security. Few of the women have this kind of tangible...
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...Adeniji Damilola – UrbanMakes (MAKS) UrbanMakes (www.urbanmakes.com) is an online hair and body shop, that allows females and even males easily obtain quality or well-known brands of hair and body products. 1. PERSONAL BACKGROUND AND FAMILY HISTORY OF THE ENTREPRENEUR? Adeniji Damilola, founder of UrbanMakes, is Nigerian by birth and comes from a family of four (4). 2. HOW DID SHE START? WHAT PROMPTED HER TO START? She found herself always hunting for hair products when she came to Accra from Nigeria which was hardly ever successful. When she finally found the products after a long search, they were often above her budget. She said, “…the desire to make quality, “hard to find” products easily accessible at super affordable prices inspired me to start UrbanMakes.” 3. AT WHAT AGE DID SHE START? Adeniji Damilola started this business at the age of 21. 4. DID SHE EXPERIENCE ANY FAILURES? Adeniji Damilola, like most or all entrepreneurs, also experienced failures. 5. IN WHAT WAY DID SHE FAIL? (b) HOW MANY TIMES? Damilola Adeniji mainly experienced failures from selling at events. This usually happens if enough sales are not made to cancel out the cost of purchasing a stand at the event. She has participated in many events hence there is no definite number of how many failures she experienced. 6. DID SHE RECEIVE ASSSISTANCE FROM SOMEONE? Damilola did not receive assistance from anyone. She financed and motivated herself along the way. ...
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...Introduction A woman entrepreneur is defined as a woman who has alone or with one or more partners started or inherited a business, and is eager to take financial, administrative, and social risks and responsibilities, and participate in the day-to-day management activities (UNDP, 2004). Women in Asian countries like India, Myanmar and Bangladesh have played and also are playing a good role in politics. So, Bangladeshi women are enjoying freedom to join politics as well as business. But compared with the Unites States and the European countries, the number is still poor. In fact, women entrepreneurship development is a challenging phenomenon in Bangladesh as women are lagged behind (economically and socially) compared to men. Generally, women are more victimized as because of their illiteracy, unawareness, unorganized, powerless or less political representation, deprivation, rigid social customs, religious constrains and injustice by their counter partners particularly in rural area. Women constitute about a half of the total population in Bangladesh. So for proper representation of women in the arena of entrepreneurship development, "women should constitute 50 per cent of the country's total entrepreneurs." But the ground reality is totally different. "The ratio is not even 10 per cent. The actual ratio is much lower than that. We do not know the exact number of women entrepreneurs in the country,” There is no real information on how many women entrepreneurs exist in the country...
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...Appendices 1.0 Abstract Knowing the importance of the developing women entrepreneurs in creating a energetic and faster economy growth for the nation, the Malaysian Government has been dynamically promoting women entrepreneurship towards realizing Malaysia’s Vision 2020. However, notwithstanding the importance of this area, our group has been choose to do research in this area, to prove how much is important woman entrepreneurship in social life of Malaysia. Further, it was reported by the Ministry of Women and Family Development (2003) that Malaysian women entrepreneurs are under-represented in the business world with evidence that some undesirable development where micro-enterprises which were scaled up to bigger enterprises were subsequently managed and taken over by the husbands or other family members (Jariah & Laily, 1997). Besides that, the number of Malaysian women who make it to the international market is still small (Rafidah, 2005). They are urged to charge their mindset in line with the changing of times in the business world and are advised to start producing quality products which are capable of penetrating the global market (Azlan, 2005). 2.0 Introduction The present report is an overview on the results of our survey that was carried out in the frame of the title “INVOLVEMENT OF WOMEN IN SOCIAL ENTREPRENEURSHIP”. The main aim of the survey was to find out what problems have women to start their entrepreneurship in social life, or what influence them...
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...Google commits $1mn to bring more women into technology sector PTI Mar 7, 2014, 02.01PM IST * (According to the National…) NEW DELHI: Search engine giant Google has committed $1 million (over Rs 6 crore) to 40 startup-focused organisations, including Nasscom 10,000 Startups and Jagriti Yatra from India, to promote participation of women in the technology space. The efforts, a part of '#40 Forward' programme under Google for Entrepreneurs', are aimed at finding new ways to advance female entrepreneurs, the Internet giant said ahead of International Women's Day. Google is committing $1 million in aggregate to 40 startup-focused organisations, challenging them to increase the representation of women in their respective tech communities, it added. "From simply changing the times of events to accommodate busy moms to teaching young girls to see themselves as entrepreneurs, 40 of our partner communities will soon launch new programmes and outreach initiatives to encourage women founders," it said. Some of the selected organisations include 1871, American Underground and Galvanise (US), Campus for Moms (Israel), Club Kidrepreneur (Australia), Cc Hub (Nigeria), Jagriti Yatra and Nasscom 10,000 Startups (India) and Outbox (Uganda), among others. "Along with our 40 partners, we hope to create more inclusive networks and to move the needle for entrepreneurs like my mom and young women like me who aspire to be like her," Google Global Entrepreneurship Manager Bridgette Sexton...
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...profit. The clearest example of entrepreneurship is beginning a new business. The essence of entrepreneurship is defined by creativity and taking risks, and is a crucial element in the ability of a nation to flourish in the variable and highly competitive global markets. In today’s global world entrepreneurs that run their own start-ups need to evolve with the ever changing business world. As their business grows they also need to grow and adjust (Burns, 2011). It is very important that entrepreneurs of today transform themselves into leaders to manage their business better as the business needs to change as per the culture and structure. This report will discuss about Mai Jadawi, her business is about natural beauty products, the legal process she went through to register her business in Jeddah, Saudi Arabia, launch of her business and the obstacles she faced and is still facing while operating her business. 2. Identifying an Entrepreneur Female entrepreneurs contribute significantly to the economic growth and creation of jobs in developed and developing nations (Verheul and Thurik 2001). Mai Jadawi is the entrepreneur we as a tram chose to study. She is an independent entrepreneur who started her own business revolving around organic cosmetic products. It was an opportunity she took as she felt the market offerings at the time were lacking, starting off by distributing her own products to just her friends, before expanding her business. Mai can be considered to be an opportunist...
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...Indian Women: Natural Potential to be an Entrepreneur Abstract: Economy of any country can’t boom without participating women. Entrepreneurship plays a great role in contributing national income. Women have all the necessary qualities that are required to be an entrepreneur. Women are required to identify their qualities and come forward to give their contribution in economic growth. They may face some problems while setting up their enterprise but they should not loose hope they have some natural strength that can be advantageous for them some problems but they have some strength that is advantageous for them This article is an effort to know potential of women and their ability to be an entrepreneur Indian Women: Natural Potential to be an Entrepreneur Entrepreneurship as a strategy to promote enterprise can be successful only if Introduction: It is general belief in our society that role of women is restricted in four walls of home or you can say women are involved in mainly household activities like cooking and reading. Economy of any country can’t boom without contributing women. The growing industrialization, urbanization and social legislation and with the spread of education and awareness women have shifted from kitchen to higher level of professional activities. Today’s women are taking more and more professional and technical degrees to cope up with market need. The position of women and their status is any society is an index of its civilization. Women...
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...organizations, to perceive and create new economic opportunities (new products, new production methods, new organizational schemes and new product-market combinations) and to introduce their ideas in the market, in the face of uncertainty and other obstacles, by making decisions on location, form and the use of resources and institutions. Unlike Timmons (ibid), Wennekers and Thurik believe that entrepreneurship is not limited to creating or seizing a business opportunity, there has to be willingness and ability to perceive new economic opportunities(new products, new production methods, new organizational schemes and new product-market combinations). Entrepreneurship can thus be seen as the activity of an entrepreneur. Entrepreneur Hisrich and Peters (1998) ,see an entrepreneur as someone creating something new with value by devoting time and effort, assuming the accompanying financial, physical and social risks, and receiving the resulting rewards of monetary and personal satisfaction and independence....
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...entrepreneurship. The entrepreneur perceives an opportunity and often exhibits biases in taking the decision to exploit the opportunity. Entrepreneurship can be defined by describing what entrepreneurs do. For example: “Entrepreneurs use personal initiative, and engage in calculated risk-taking, to create new business ventures by raising resources to apply innovative new ideas solve problems, meet challenges, or satisfy the needs of a clearly defined market.” It refers to activities related to undertaking the efforts to set up an industry or business establishment. He who takes to establish business is the entrepreneur. Entrepreneurship is an entity of people with the ability to see an opportunity where necessary capital, labor & other inputs operating together & successfully along with know-how skill and have willingness to take the personal risk of success or failure. According to Jean Baptist Say, ‘Entrepreneur is an economic agent to unite all the means of production.’ An entrepreneur is an individual who takes moderate risks and brings innovation. Entrepreneurs are often contrasted with managers and administrators who are said to be more methodical and less prone to risk-taking. According to S.S. Khanka-”Entrepreneurship is a process involving various actions to be undertaken to establish an enterprise” Entrepreneurship and economic development are intimately related. So, that entrepreneurial process is a major factor in economic development and the entrepreneur is the key...
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...The Entrepreneur who inspires me Background: The entrepreneur who inspires me is Kaniz Almas Khan who is the owner of Persona. She is the pioneer who established Persona as a brand in the beauty industry. She is the successful entrepreneur not only among the women but also among the entrepreneurs of Bangladesh. With a deep passion on beautification of human being and a great wish to do something different and big, she started her journey in the beauty industry. She has started her journey with a very small capital. Though her parental home is in Dhaka but she was born in Chittagong. Her father Dewan Badiul Alam used to stay there in connection with employment. She had passed her childhood at Dhaka’s garden house in Malibag. After passing Secondary and Higher Secondary Examinations from Siddheswari Girls School and College, Kaniz Almas Khan accomplished graduation from Eden College. Then she took training on Beatification from famous beautician of Bangladesh, Zerin Ashgar Khan. Later took training from Kolkata, Mumbai, Delhi, China and Bangkok. With a deep passion on beautification of human being and a great wish to do something different and big, she started her journey in the beauty industry. In her journey to become a successful woman entrepreneur in the beauty industry of Bangladesh, she got all types of necessary supports from her mother, in laws, husband and peer groups. Then from innate eagerness to beauty and with the inspiration of the members of the family, make-up...
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