Women In Business


Business is the occupation, work, or trade in which a person is engaged. To become a viable business venture, an idea must be transformed into something upon which a business can be built. The idea must undergo a developmental change through the use of broad and active cognitive processes that ultimately turn it into a business concept.

In recent years, the world has seen new trends in business, as more women have now entered the business world. A record number of women have started their own businesses, as well as entering male dominated careers. We are now in a position to ask some fascinating questions: Do women

entrepreneurs differ from men? If so, how? Which new or different values do women bring to corporate culture? The role of women at the workforce. Do the goals of women entrepreneurs differ from men's? Do women have different problems? Which skills do women bring to entrepreneurship? Which limitations?
The phenomenon of women business owners has its roots in the women's movement. When women moved out of their kitchens, they moved into corporations. They have been fighting there way up and joined careers, which are so called 'male careers'. Areas like Engineering and sciences. Despite these advances, however, many women experienced the "glass ceiling," a barrier that stopped them from climbing to the tops of corporate ladders. Despite the increasing number of working women and more than a quarter century of equal opportunity legislation, women in the early 2000s, as in 1900, concentrated in a few types of jobs and generally earned less than men. In The USA, Women were further segregated within certain occupations and industries: 99 percent of secretaries, 98 percent of family childcare providers, 97 percent of receptionists, 96 percent of private household workers, 93 percent of registered nurses, 90 percent of bank tellers, and 64 percent of retail sales clerks were women. Statistics show that employees in clothing and textile industries, telephone communication, health services, and local education were predominantly women. Women continue to be paid less for their labor than men. In 2001 women's median annual full-time earnings were 28 percent less than men's earnings. Women in professional jobs earned 70 cents and saleswomen earned 60 cents for every dollar earned by their male counterparts. The result is that an increasing number of smart and savvy women are getting tired of proving themselves without commensurate rewards, making less money than their male counterparts, and trying to change the cultures in which they work.
So a number of women decided to leave corporations, starting companies and creating cultures in which they can succeed - and many of them are becoming quite successful. .
All of these advances are fine, but facts are: as business owners, women face tough problems: Nobody makes sales for them. They have to market or manufacture their products or services. They must decide who to hire and who to fire. Nobody hands them money. And nobody holds their hands. Then the real concern for a woman is whether or not to become an entrepreneur. This decision is perhaps best reflected in the advice of one-woman business owner. On the other hand women who are still working in the corporations often face gender-based discrimination. While this discrimination may not be as overt as in other parts of the world, or may take different forms, it does exist everywhere around the world. Women often cannot achieve their highest potential in career or education and the media continually depicts women as sex objects and nothing more. Women's salaries are still, dollar-for-dollar, or shilling-for-shilling less than the corresponding salaries for their male counterparts. Women who do work to earn a living still have primary responsibility for taking care of the home and family with little domestic support from their husbands. Women in positions of influence are few and far between.

WOMEN IN BUSINESS


1. Employed Women
The role of women in the workforce varies according to the structure, needs, customs, and attitudes of the societies in which they live. In prehistoric times, women and men participated almost equally in hunting and gathering activities to obtain food. With the development of agricultural communities, women's work revolved more around the home. They prepared food, made clothing, and cared for children, while also helping to plow fields, harvest crops, and tend animals. As cities developed, some women sold or traded goods in the marketplace.
Some major changes are now occurring in industrial nations, including the steadily increasing proportion of women in the labor force; decreasing family responsibilities (due to both smaller family size and technological innovation in the home); higher levels of education for women; and more middle- and upper-income women working for pay. For most Countries, women make more 50% of the population…


2. Women Entrepreneurs


Many women business owners view business ownership with different concerns and interests than their male counterparts. Although some women business owners are interested in a large, profitable organization, many prefer their new business to be small, friendly and easy to manage. Because growth usually equals structure, many women business owners choose to remain small to avoid dealing with an organization that would require layers of management and a culture that might lack support or is rigid, unfriendly, or limiting.

Women start their businesses for a variety of reasons. Independence, flexibility, freedom from corporate limitations, and the freedom to take risks are usually major motivational factors for the woman who decides to start her own business. In addition, many women seek personal satisfaction, a certain balance, broader horizons, the respect in the industry, the excitement of growth and the opportunity to learn new things.

Women start their organizations to create a secure future and to have choices about their lifestyles. Many have a community mission, which they plan to support or fund. Many want to provide good jobs and a secure future for a dedicated staff. Finding a better way to deliver services or making a difference in the lives of many people is often at the top of the list.

1. Small businesses create jobs, and this is incredibly important for any economy. They embody values of hard work, risk-taking, and independence. When it comes to entrepreneurship and job creation, it is an increasingly woman's world. And as the President of the USA put it," It's really important for people to understand, as we're fighting a recession, if small businesses create two-thirds of the new jobs, it makes sense that any economic recovery strategy focus on small business". Women-owned businesses employ approximately 27 million, own 38% of all businesses in the United States -- that is 9.1 million businesses *
2. Small business ownership is a great equalizer in. The only connections you need are happy customers, a good business plan. The only credentials you need are good products. The only values you need are to be willing to take risk and to work hard.
3. Small businesses provide a great chance to succeed, a chance to realize ones dreams.
4. For women, a small business brings the satisfaction of success without having to go through the frustrations of corporate life. There are a lot of women entrepreneurs who tried out corporate life and found out, and agree with what this entrepreneur said. Nancy Miller put it this way: You succeed or fail based on your own abilities, not on politics or anybody else. She's got a pretty good point there. She talks about the freedom that comes with owning your own business. What the other -- and the reason I love the entrepreneurial spirit, because it provides people a chance to be creative, to build, to contribute, and to own.
5.Being your own boss, as Sherrin Holder of Virginia describes it, brings a sense of pride and accomplishment, a sense of ownership, and a growing hope for success. She captures the feeling of every entrepreneur. You can advance yourself, and you can do well by doing so. As you succeed, you help others to succeed, first and foremost by providing somebody with a job.


Challenges and Constraints


As we continue to address women's issues in the business, there is the need to understand the environment in which women entrepreneurs operate, including the challenges they face. Amongst many other challenges. These include:
1. The regulatory environment,
2. Education opportunities and education systems,
3. Cultural factors, societal views and societal perceptions,
4. Management training and job opportunities, and
5. Family responsibilities.
6. Poor Access to Finances
7. Business Transition to Growth


The regulatory environment includes government legislation, which can have a constraining effect on women's enterprises. In many developing countries legislation existed that limited women's contractual rights and their economic participation. Women were also excluded from the ownership of property, which limits their access to collateral for loan finance. In addition to these constraining factors, a high or complex administrative burden in establishing and sustaining a business has a greater negative impact on women-owned businesses and sometimes pushes women into the informal sector.
Secondly, education opportunities and education systems constrain women-owned enterprises, as women tend to be the ones who have limited access to education opportunities. Education systems heavily influenced by our societal values and principles also play a major role in this constraint. Women's career choices from an early age are still directed towards the softer sciences and not those in business, science and technology. These career choices later affect women's confidence in entering the business world and in starting an enterprise in what is perceived to be a male domain. Gender blindness in the mathematics and science curriculum at secondary school and tertiary level has consistently discouraged women from entering these fields. The result is a shortage of skilled women in the technology-intensive industries that are key to the success of an economy.
Third, cultural and societal values and perceptions continue to oppress women. Cultural attitudes also discourage women from taking risks in business and accessing information as well as preventing them from getting equal access to procurement opportunities. Certain negative cultural aspects in patriarchal societies make women more vulnerable to being victims of crime and gender-based violence. The social environment also discourages women from pursuing career paths in the fields of science, engineering and technology sectors. This happens in the technology-intensive industries, applied technology and in other knowledge industries.
Fourth, the limited access of women to management training and relevant job opportunities has a negative impact on women entrepreneurs. Often women in the workplace are concentrated in the least skilled or lowest paid jobs; this limits their access to management technical training and denies them the on-the-job management experience that would enable them to successfully manage an enterprise. Such knowledge is difficult to teach, for example in government-supported training programmes, as it is often acquired through experience in the workplace.
Fifth, women's family responsibilities can often result in additional financial burdens as well as increased household responsibilities. For example, a lack of affordable childcare facilities for young children creates an additional burden for the mother who would like to start her own business.
Sixth, lack of access to finance for women entrepreneurs is unfortunately a problem that is shared between developed and developing economies. Lack of finance is one of the primary factors impeding women from reaching their full economic potential. Many women fall in between the criteria for eligibility of many micro lending programs and the credit scoring systems used by conventional financial institutions. And, the smaller sums of money that women often look for are not attractive to traditional lenders.
Seventh, being less equipped with managerial skills and other skills to run business, women entrepreneur may also face the obstacles to growth i.e. business transition. . It takes one set of skills to start a business, but another set to grow the business. In order to grow, you have to take risks, try new things, "bet on the come," and know that some things you try will not be successful. Leaders who want their companies to grow must understand the relationship between innovation and growth... They also need to understand what changes will be required in their roles and responsibilities at different stages of company growth. During start-up they are the Do-er and Decision-maker. During Initial Growth they have to be the Delegator and Direction-Setter. In Rapid Growth they need to play the role of Coach, Team Builder, Planner and Communicator. In Continuous Growth they must move out of operations and become the Strategic Innovator, Change Catalyst, Organization Rebuilder, and Chief of Culture. Facing this problem, together with the fact that women have little access to finance, women end up engaging in small businesses.

These constraining factors result in a number of difficulties for women entrepreneurs, such as getting adequate finance, gaining adequate skills to start and manage a business, the risks of crime and violence, lack of access to information and often poor use and understanding of technology. It is therefore necessary to respond to these different constraints through appropriate support


MEASURES/SUGGESTIONS ON WHAT SHOULD BE DONE


1. START WOMEN NETWORKS.
Networks, organizations that facilitate and monitor the socio-economic advancement of women entrepreneurs and workers, and their positive impact on the country's economy. The main objective is the empowerment of women so that they can obtain economic independence, take control of their lives and fully participate in the society in which they live.
Example of the women Networks that are successful
" South African Women Entrepreneurs' Network (SAWEN) which provides a strategy for fast-tracking support to women in addressing the challenges of establishing, strengthening and sustaining their enterprises.
"
2. Policy interventions designed to alleviate the constraints in the small business sector
3. To entrench the principle of equality where all citizens are equal irrespective of sex
4. Identify the problems that our environment creates for women and ways to improve this situation. Women need financial services including small loans and funds for training and technical assistance. Current criteria for gaining access to credit and capital do not help many women start and own business and see them (businesses) to full growth.
5. It is clear that even with the removal of the regulatory impediments facing women, there is still need specific programmes and support initiatives to assist women in business to become equal players in our economies.
Examples
" Technology for Women in Business programmes (TWIB) is being supported. TWIB is aimed at encouraging women to access and use technology in order to increase the strength of their business. Another intervention by TWIB is to encourage young girls to enter the fields of science and technology.
" SEBA is an organization supporting women to start and run their businesses in Tanzania

6. It seems logical that the wage gap between men and women would narrow as women flock into traditionally male jobs. Future progress in reducing the gender pay gap will reflect the offsetting influences of two contradictory trends: the growing ranks of female college graduates and the increased labor force participation of poorly educated women at the bottom of the income scale. And, of course, the pace at which women at all educational levels continues to move into traditionally male-dominated occupations. Women need to be encouraged to join science and other fields that are dominated by men to narrow and eventually get rid of the gap between the two groups.
Unfortunately, most of the Women Networks do not survive to reach their stated goals as a result of corrupted leaders, mismanagement of funds, and lack of information to women about the existence of such organizations among other reasons.

WHY WOMEN PREFER CERTAIN BUSINESSES THAN OTHERS?


Most women engage in small businesses and the businesses they run are the result of one or more of the following reasons.
" Women's career choices from an early age are directed towards the softer sciences this influences a woman while starting a business and as a result will choose to run a business on the area of specialization. Few women are in the engineering and technology related businesses.
" Lack of finance is one of the primary factors impeding women from reaching their full economic potential. They end up running small businesses because they lack enough capital to start and run large ones.
" Women's family responsibilities
" Women engage in cloths business as woman and fashion are inseparable
" In the Environment where women are excluded from the ownership of property, women run small business for the up keep of their families.
"
Women are good in small businesses because
" Women entrepreneurs describe their businesses in family terms and see their business relationships as a network. This "personal touch" is often what drives employee motivation and productivity. The downside is however that they may lack policies and procedures that are clearly stated.
" Women have the ability to balance different tasks and priorities. In business for herself or for someone else, the ability to be flexible and adaptable is a distinct advantage these days when everyone is expected to perform many duties.
" Women entrepreneurs tend to find satisfaction and success from building relationships with customers and employees, from having control of their own destiny, and from doing something that they consider worthwhile. We spend the majority of our lives at work. If our work and our personal values are not in alignment, sooner or later we feel conflict. Women entrepreneurs have used this internal conflict as a motivation in order to create the life that they desire.
" The way in which women business owners make decisions is usually more whole-brained than men's (i.e. it is more evenly distributed between right-brain and left-brain). This allows someone to use creative and analytical processes, a characteristic that is critical for small business management, especially in uncertain situations.


WOMEN CHAMPIONS AND INNOVATORS.


" Hind Abdul Jaber, President Business and Professional Women's Club of Amman
" Mary Robinson-United Nations High Commissioner for Human Rights
1997-2002)
" Oprah Winfrey-Queen of the Talk show
" Prof.Wangari Maathai-Time's Hero of the planet,UN's award,African Prize for leadership
" Anna Mkapa-First Lady, Tanzania.Started women awareness programs, empowers women…
" Megawati Sukarnoputri,Indonesia's President
"
" Mrs. Anna Tibaijuka ,UNCHS (Habitat)'s Executive Director ,founder of Tanzania women council (BAWATA), organisation advocating for women's rights to land, inheritance and social services. Mrs. Tibaijuka is also founding Chairperson of the Barbro Johansson Girls Education Trust which is dedicated to promoting high standards of education amongst girls in Tanzania and in Africa.
" Bibi Titi Mohamed-Independence Hero,Tanzania
" Hind Abdul Jaber, President Business and Professional Women's Club of Amman
" Eco-friendly Recycling used tyres Rama Anand India,Innovator
" Mother of Invention in Egypt Liala Abdel Monem Egypt
" Esther Passaris,Adopt-A-Light

CONCLUSION


Economic changes - including trade liberalization, structural adjustment and privatization policies - have resulted in dramatic increases in poverty and insecurity for women. Despite numerous efforts by women and their allies around the globe to secure empowerment, fundamental human rights continue to be violated and women's needs are increasingly marginalized in the global economy. In this challenging environment, feminists working on institutional change of the formal institutions implicated in our current global climate, and the informal institutions of cultures and norms that underline their processes, procedures and goals, are encountering increasingly difficult barriers to overcome. The promise of gender mainstreaming to confront and change these formal and informal institutions to become carriers and supporters of gender equality is not materializing. Instead, it has become a technical exercise devoid of political will and political context. The recognition of unequal power relations inherent in institutions has been left aside, and gender mainstreaming has become an apolitical instrument allowing organizations to appear committed on the surface, but patriarchal and unchallenged beneath it.

REFERENCES


" Gender At Work, [Internet], Available from: < http://www.genderatwork.org/index.php/ic/ >[Accessed June 2nd, 2004]
" Donald L. Sexton, Research on women -owned businesses: current status and future directions, [Internet], Available from: < http://www.questia.com/PM.qst?a=o&d=25997838>[Accessed June 3rd, 2004]
" Oliver Hagan, Carol Rivchun, Donald Sexton, Women Owned Business, [Internet], Available from http://www.questia.com/PM.qst?a=o&d=25997838,[Accessed June 3rd, 2004]
" Women's rights and Economic Change, [Internet], Available from; < http://www.awid.org/wrec/>[Accessed June 3rd, 2004]
" Facts from "The National Foundation for Women Business Owners"[Internet], Available from: http://www.count-me-in.org/what/[Accessed June 2nd, 2004]
" Peter Munaita, African Business: Tackling the Challenges, [Internet], Available from: < http://www.nationaudio.com/News/EastAfrican/11032002/Regional/Regional16.html>,[Accessed June 1st, 2004]
" Women Business Owners-World's Fastest Growing Market, [Internet], Available from; < http://www.advancingwomen.com/web/women_business_owners.html>[Accessed June 3rd, 2004]
" Profiles of distinguished women[Internet],Available from:< http://www.distinguishedwomen.com/subject/business.html>[Accessed June 5th,2004]

QUESTIONS
" People-how do women and men come to accept, and commit to gender equality both in organizations and in communities?
" Communities--how are cultural practices and norms (informal institutions) challenged and negotiated to allow for greater gender equality and increased acceptance of gender equality by men. What capacities do communities mobilize in order to achieve greater gender equality?
" Organizations-what organizational conditions are associated with institutional change for gender equality (personal, cultural and legal change) in communities?

 

 

 

 

 

Princess Diana

 

 

 

 

 

 

 

 

 

 

 

Oprah Winfrey

 

 

Prof.Wangari Maathai

 

 

Hon.Megawati Sukarnoputri