Posts Tagged 'women'

WEGG Unlocks Export Opportunities for Women-Owned Businesses

Michael Froman, former U.S. Trade Representative, had it right when he said it is important for women-owned businesses to be able to export their products because studies have found that women-owned firms that export not only earn more, but also employ more people and are, on average, more productive than women-owned firms that do not. Through exporting, women also energize our economies.

We’ve said it time and again that exporting has very real advantages and puts women business owners on a path toward greater growth and profitability.

Read more about how women worldwide are unlocking export opportunities for their businesses.

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Note: Don’t miss our next WEGGinar™ 11/1/17 on “UPS Takes the Guesswork out of Global Shipping” and presented by Andrea Cervini, UPS Illinois, Small Business Marketing Manager (https://global.ups.com/how-to-ship-internationally/).  Register here: https://register.gotowebinar.com/register/3272777010361474561.
Event is free of charge but you must register in advance to attend.
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Malaysian SMEs Export More than $1 Million Worth of Products

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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.

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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.

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The Super-League of Entrepreneurship Belongs to Women

FemaleEntrepreneurs2

Women can compete globally on any level without losing their femininity.  Yet, according to The Namibia Econonomist, women tend to differ from men on their management style in the following positive ways.  Note:  Many of these traits might also apply to men.

  • Multi-tasking — comes in handy in the early stages of growing a business.
  • Focus — the ability to cut out distractions and focus on what is important.
  • Intuition is the undefinable, immeasurable sense that helps with decision making and women tend to listen theirs more often.
  • Prudence is a characteristic not normally associated with entrepreneurship yet it is vital in the early stages of entrepreneurship, especially for women.
  • Cautiousness — women tend to be more careful in business than men and respect the importance of getting the balance right between overt risk-taking and caution.
  • Patience is linked to the trait of prudence and very helpful to have when the going gets tough.
  • Empathy — women are known to have higher levels of empathy than men.
  • Asking for advice — women have no issue with this, especially if they can get answers.

Read other attributes that women have in business:
Learning from Female Entrepreneurs

One final point:  In order to gain self-confidence and overcome social attitudes, women need to network continuously, support each other, look for role models, update their knowledge and skills, and have a clear vision of what they wish to accomplish.

Photo Credit: Silicon Valley Blog

Women As Primary Engines in Emerging Markets

According to Hany Mwafy, Managing Director North Africa and James Russo, Vice President Global Consumer Insights who presented at Nielsen’s Consumer 360 conference (check out the lineup of speakers), the center of gravity is shifting away from North America and Europe.

In the decades to come, emerging economies will deliver more growth – and more profits.  Here are some key takeaways from their presentation related to women and their importance in the global economy.

The female economy – as more women enter the workforce, their earning power increases, as does their power within their household. Women now control almost $12 trillion of the $18 trillion in global consumer spending.

Further:

Women control almost $12 trillion of the $18 trillion in global consumer spending.

Read the entire impressive trends piece here.  And feel free to re-visit our “Predictions That Will Shape Global Small Business in 2010” (refer to No. 5) — as some of our points are similar.  Our 2009 trend piece touches on how women will rule the global marketplace (refer to No. 8).  Check out this interesting related piece too.

Photo credit:  Flickr

Posted by:  Laurel Delaney

The New Globetrotters: Women

The New Globetrotters is a research paper I wrote six years ago and is still relevant to today’s women entrepreneurs who are navigating their businesses in the global marketplace.

ABSTRACT

Both the number of female-owned businesses and the level of international trade continues to increase on a global scale.  An overview of the literature and statistics regarding the increase in female entrepreneurship and in internationalization are presented.

The benefits of internationalizing are discussed. The twelve keys to creating an international entrepreneurial mindset are outlined. Some of the keys to developing a global orientation to entrepreneurship include but are not limited to:  comfort with change; a willingness to learn about other cultures; passion and enthusiasm; experience traveling to at least one foreign country; and an all-encompassing perspective.

The factors to consider when choosing a market for expansion are examined. Finally, the author suggests ten action-oriented business philosophies that have aided her in her experiences as an international entrepreneur.  Included in this list are the following suggestions:  research and map out your export journey; know your goals and strive for them; trust your instincts; and make personal contact with consideration and professionalism.

The entire research paper can be found here; go to Page 58.

And visit Amazon for information on the book, “Handbook of Research On International Entrepreneurship,” where this research paper is published.

Posted by:  Laurel Delaney

Picture credit:  here

Women Are Agents of Change

In the global debate about climate change, women have a voice too.

Despite their valuable knowledge and fundamental role in society, women are not sufficiently represented in decision-making procedures on climate change. Hence, their experience and needs are almost completely absent from the political debate. This is a situation which must change.

In order to put the gender dimension on the agenda of environmental policies, women need to be consulted, informed and involved in the climate change debate, at the local, national and international level. The European Union has for a long time been a promoter of gender equality and is a leading actor on the international scene in the context of climate change and environmental policy. But more needs to be done to link both dimensions.

Read more here.

Posted by:  Laurel Delaney

We Are Women; Hear Us Roar

WeAreWomanHearUsROAR

An excerpt from a recent Huffington Post headlined, “Water and Women:  A Gender Crisis, a Global Opportunity:”

The world finally seems to be awakening to the inherent power that women possess – energy and talent that is needed to address the many challenges that face our planet.  This past March – also known as International Women’s Month – President Obama said, “We will not sow the seeds for a brighter future or reap the benefits of the change we need without the full and active participation of women around the world.”  Goldman Sachs used the month to publish its landmark “Womenomics” report which found that investments in women correlates to real economic growth in developed and developing countries.

Read more here.

Posted by:  Laurel Delaney

Global Women Entrepreneurs of Personality

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Do you think personality affects how successful you can become?  Women of Personality: 20 Inspiring Women And Their Stories Of Success takes a look at successful women entrepreneurs in business careers from the perspective of the influence of personality on their success.

And we are excited to learn that three of our WEGG contributors made the list!  They are as follows:

Anita Campbell, Editor and CEO, Small Business Trends LLC

Karen Kerrigan, CEO, Small Business Entrepreneurship Council and President and CEO, Women Entrepreneurs, Inc.

Dr. Marsha Firestone, President and Founder, Women Presidents’ Organization

Please join me in congratulating them.  We love their unique personalities and are inspired by their work.

Learn more here.

Posted by:  Laurel Delaney


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