Do we have news for you today! The world’s first gender-focused, global entrepreneurship index based on the Global Entrepreneurship and Development Index (GEDI) was announced at the Dell Women’s Entrepreneur Network annual event In Istanbul, Turkey (2013).
The Gender-GEDI is the only global index to measure high-potential female entrepreneurship based on individual aspirations, business environments and entrepreneurial ecosystems. High-potential women entrepreneurs are defined as “innovative, market expanding and export oriented.” That’s us — I might add!
“Unleashing the power of female entrepreneurship can have a dramatic effect on a country’s economy. The research clearly supports the assertion that key things need to be fixed in order for female entrepreneurship to survive and flourish,” said Karen Quintos, chief marketing officer (CMO) and senior vice president Dell. “Increased access to knowledge, networks, capital and technology are critical if countries are to empower female entrepreneurship and create a culture of success.”
In a nutshell, here are the key points from the report:
- Index provides diagnostic tool for countries to expand opportunities for women entrepreneurs
- U.S. named best place to be a female entrepreneur, ranked No.1 out of 17 countries surveyed
- Research shows no single determinant to entrepreneurial success – best performing countries demonstrate success across wide variety of categories
• No single determinant of success
• Economic development is not enough
• Lack of knowledge holds back business growth
• Access to finance is crucial
• Effective networking can open doors
• Technology enables business growth
• Not all rosy at the top
• Room for optimism
Bottom line: The determinants of success for female entrepreneurship are not just personal strengths and aspirations, but a result of the environment in which they operate.
Access the executive summary and full report: Women Powering Business | Dell
Photo courtesy (and with permission from Dell). See all the photos (absolutely fabulous!) from Dell’s Istanbul event here.
Post by: Laurel Delaney