Posts Tagged 'women-led SMEs'

Unlocking the Full Potential of Women- led SMEs in Indonesia

blog

In a recent East Asia Forum article, “Unleashing the capabilities of women-led SMEs in Indonesia,” author Naimah Talib reports that 43 percent of the 26 million small-to-medium enterprises (SMEs) in Indonesia are women led or women owned (WSMEs). Not only do these WSMEs make up for ten percent of the country’s GDP, they also lead to social development of the culture by empowering women economically. Besides these major benefits, support of WSMEs aids Indonesia in achieving the UN’s “Sustainable Development Goals”, specifically the tenets of ‘gender equality,’ ‘decent work and economic growth’, and ‘reduced inequality’.

The advantages of backing WSMEs are clear, but why are there limitations on the growth of these organizations? This is the question that Talib proposes. She illustrates just some of the difficulties women who head businesses face. Talib explains,

” …common difficulties for expansion [for WSMEs] include limited access to information about financial support, lack of business and entrepreneurial skills, lack of professional networks and limited government support and services at the local level. Financial support is available for WSMEs, but female entrepreneurs tend to lack information about these options. Female entrepreneurs find that information about government funding programs is often limited, difficult to access or unclear.”

One of Talib’s main arguments suggest that Indonesian policymakers fail to effectively provide WSMEs with the necessary resources to solve these issues. Talib writes of the necessary reform,

“Three areas require greater attention: increasing the accessibility of information, strengthening the institutional capacity of the Creative Economy Agency and improving government services at the local level.”

To read more about the specific solutions posed to the pressing issue of the neglect of Indonesian WSMEs, read the article here.

_______________________________________________________

JOIN us for our morning wegg™ workshop on September 12th and hosted by Bank of America (135 S. LaSalle Street, 44th Floor).  Julie Smolyansky, President and CEO, Lifeway Foods, will present “Follow Your Gut,” covering:

  • How global factors influence company values and mission
  • Why we should empower women entrepreneurs around the world
  • How to channel inspiration from travel experiences into marketing initiatives

Tickets $40 ($20 for students); includes Continental Breakfast.  To learn more and to register, visit:  https://www.eventbrite.com/e/weggtm-workshop-follow-your-gut-presented-by-julie-smolyansky-tickets-48655708534
__________________________________________

Malaysian SMEs Export More than $1 Million Worth of Products

screen-shot-2017-01-14-at-5-12-28-pm

A memorandum of understanding (MOU) between SMEs and foreign companies was signed in September last year (2016) in Sungai Petani. The five-year agreement will see about US$1 million worth of products (such as instant coffee, Stevia-based sweeteners and flavored carbonated drinks) exported abroad annually from Sungai Petani (a town in Kuala Muda District, Kedah, Malaysia) to Africa.

The state’s Women, Development, Agriculture and Agro-Based, Entrepreneur Development, and Community Welfare Committee chairman Datuk Suraya Yaacob, said that this achievement was a result of the great teamwork by the group of entrepreneurs under the Koperasi Usahawan Groombig Negeri Kedah Bhd (KuGerak).  [KuGerak was established in 2008 and now has more than 184 SMEs as members.]

The anticipation is that within a year the SMEs will also export their products to China and the United States.  The goal is to boost exports for SMEs so they break into more international markets, become stronger, and survive much longer.

Read more here.

__________________________________________

Note: Don’t miss our next WEGG webinar 2/1/17 on “5 Basic Elements of a Global Social Media Plan,” and presented by Melisa Hinosoja, IBM Digital Marketing and Commerce Specialist. Register here:
https://attendee.gotowebinar.com/register/4285210609604750594.
Event is no charge but you must register in advance to attend.

__________________________________________

Calling All Female Internet Heroes

Whether you are a B2B, B2C or C2C, going global is all the rage these days and really not all that difficult to get started.  There are many government initiatives, aiming to encourage more women-led SMEs to assess their global expansion opportunities and demystify some of the barriers to entry new markets, not just in the US but across Europe and BRIC countries.

Read more:

Go Global or Go Home!

Illustration credit here.

Posted by:  Laurel Delaney


WEGG Mission

Our mission is to educate, inspire and nurture women business owners and entrepreneurs worldwide on how to go global so they can run healthier businesses and create a new future for themselves, their families and their community.


Women Entrepreneurs GROW Global is a 501(c)3 nonprofit organization. EIN/Tax ID #47-2956522.

Donate Your Gift Card to WEGG!

Not know what to do with your Starbucks or Target Gift Card?  Put it to good use.  Exchange it for a donation to WEGG!  You will receive a tax receipt for the entire full value or any unused balance of your card.
Next webinar on December 5
WEGG news sign up
wegg workshop in September
WEGG linkedIn group

Join 2,031 other followers

Categories

Archives

Ask a Question

Honors & Awards

Use Smile Amazon and WEGG receives a .05% donation from Amazon on eligible purchases.

Copyright Notice

©2008-2018 Women Entrepreneurs GROW Global.
All rights reserved.

%d bloggers like this: