Global Trends in Female Entrepreneurship

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While female entrepreneurs’ education level has increased, the innovation of female-owned businesses, measured by whether other businesses offer the same product, has decreased. There is less female involvement in the technology industry this year as well.

The Global Entrepreneurship and Development Institute (GEDI) recently released the 2015 Female Entrepreneurship Index (FEI), which looks at a nation’s favourable conditions for women entrepreneurs worldwide. The FEI analyses 15 factors divided into three categories — Entrepreneurial Environment, Entrepreneurial Eco-System and Entrepreneurial Aspirations — that enhance the prospects for female entrepreneurs in 77 countries, a significant increase from last year’s group of 30.

Is there a difference in the factors that encourage female entrepreneurship as compared to male entrepreneurship?

Research indicates that cultural and societal factors play a greater role in encouraging or dissuading business ownership for women than for men.

Unleashing the power of women entrepreneurs can have a dramatic effect on a country’s economy.

Learn more:  The best countries for female entrepreneurs

Screenshot courtesy:  The GEDI.org

The Role of Women in the Modern 21st Century

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Kellogg School of Management, Northwestern University Dean Sally Blount ’92 recently met with White House senior advisers and several leaders from the business and business school communities to discuss the changing needs of the 21st century workplace.  The bottom line is that business schools worldwide must focus on expanding opportunities for women in business and help strengthen the fabric of our great nation.

Former President Jimmy Carter also has a call to action to support women’s rights.

The White House Council on Women and Girls and the Council of Economic Advisers, both of which hosted the event, also released a set of best practices for business schools. These policies offer concrete strategies for business schools to help women succeed throughout school and their careers as well as build a business-school experience that prepares students for the workforce of tomorrow.

Read more … Expanding opportunities for women

How Remarkable Women Entrepreneurs Worldwide Meet Their Dreams

UndeterredBook

Author Rania Habiby Anderson, who wrote Undeterred: The Six Success Habits of Women in Emerging Economies, spent over four years researching and interviewing more than 250 successful female career women and entrepreneurs in developing countries in Africa, Asia, Latin America, Eastern Europe, and the Middle East.

Anderson’s objective with the book is to understand the key traits that caused these women to be successful while so many of their peers failed to meet their dreams.

Below, Anita Newton, VP of corporate marketing at Adknowledge, interviews Anderson on what U.S.-based entrepreneurs can learn from these remarkable women.

Read more:  The No. 1 Trait of Successful Women Entrepreneurs Around the World

The Rise of the Modern, Independent Asian Woman

AsianWomenInBusiness

While the world has heard the stunning prediction that two-thirds of the global middle classes will be Asian by 2030, totally changing the economic polarity of the developed world, there’s been little focus on modern, independent Asian women (MIAW) — 25-40 year-olds.  In New Zealand, for example, premium food and beverage exporters have a lot to gain from this new demographic.

[MIAWs] are a very significant group more in evidence in some markets than others. They are focused on making the most of their good educations, getting careers, and building their lives on their terms rather than traditional expectations.

Read more:  Feeding Asian’s modern, independent women

Women Are Disrupting the Global Wine Industry

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Women entering the wine business are disrupting the global wine industry to make wines that are both more accessible and responsibly produced.

Oddly enough, women, however, have been traditionally excluded from the world of wine, making them more likely to create boundary-pushing wines that defy traditional categories.

Two women who fit this bill are Mika Bulmash (below left), CEO of Wine for the World and international development specialist, and Ntsiki Biyela (right), the first black South African female winemaker at Stellekaya, a boutique winery in
Stellenbosch. Bulmash has rethought how distribution should work, making it her mission to create sustainable Screen Shot 2015-08-01 at 5.40.11 PMeconomic development by importing responsible producers of exceptional wine in untraditional regions to the US market. Biyela’s superb, award-winning wines have made her a rising star in the industry.

Interesting note.  Once a year, Wine for the World releases a private collaborative wine label that partners a top US winemaker with standout talent in emerging markets to create limited-edition blends that push the status quo of their respective regions. The latest blend, releasing in fall of this year (2015), is a collaboration between renowned Napa winemaker Helen Keplinger and Ntsiki Biyela.

Screenshot of wine courtesy of:  Wine for the World

 

There Can Be No Robust Growth Without Gender Equality

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According to Mari Kiviniemi, Organization for Economic Co-operation and Development (OECD) Deputy Secretary-General, investment in women boosts economic development, competitiveness, job creation and GDP — and that’s why we launched WEGG.  Read the latest OECD Yearbook 2015 by OECD and catch Mari’s article on gender equality.

Investing in the Future
People
Planet
Prosperity
OECD Yearbook 2015

Why a push for gender equality makes sound economic sense (turn to Page 20) by Mari Kiviniemi

Mari states: “Governments and businesses have a key role to play in reducing the gender gap, but they cannot act alone. Each and everyone of us is personally responsible as well. Both men and women must engage, commit and embrace this effort.”

Screenshot courtesy:  OECD Yearbook 2015

Attracting and Promoting Women Entrepreneurs in Cross-Border Trade

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Women play a big role in regional, national and international trade, competitiveness and economic growth.  Governments, private sectors and nonprofits such as WEGG can contribute and support women in economic leadership and global trade..

For example, women entrepreneurs in Uganda have asked their government to address the issues of non-tariff barriers (NTB), saying they hinder women’s participation in cross border trade.  NTBs are a form of restrictive trade where barriers to trade are established and take a form other than a tariff.  Non-tariff barriers might include quotas, levies, embargoes, sanctions and other restrictions.

Uganda Women Entrepreneurs Association Ltd. (UWEAL) indicates there is need for concerted efforts to address the challenge of NTBs, to come up with solutions and to attract and promote more women in cross border trade.

Read more:  Non-Tariff Barriers Failing Cross-Border Trade

Screenshot courtesy:  UWEAL

 

Best Resources (Sites) for Women Entrepreneurs in 2015

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We are thrilled, honored and humbled to make the prestigious Top 20 list of resources for women entrepreneurs in 2015.

Here’s what StarterPad said about Women Entrepreneurs GROW Global (WEGG):

As the name suggests, the mission behind Women Entrepreneurs GROW Global is to introduce women-owned businesses all over the world to the global opportunity. They want to empower every woman worldwide to go global. Originally started in 2008, the website …

Learn about the other great resources and sites mentioned for women entrepreneurs in the StarterPad list:  20 Best Sites for Female Entrepreneurs in 2015

We’ll say it for you:  We rock!

Illustration courtesy:  StarterPad


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