Premium Essay

Improving Women Entrepreneur in Smes

In: Business and Management

Submitted By fizlisa
Words 1235
Pages 5

INTORDUCTION Nowadays, there are a lot of women are involved in business activity. Most of them tend to involved in Small and Medium Enterprise (SME). Based on the previous studies from Multimedia University, Malacca, they mention that SME has been recognized as a major source of global economic growth and employment of women entrepreneurs have been acknowledged to play critical roles for bringing their ideas and capabilities towards successful achievement of the SME development in their countries. Malaysia government was realizing of the important of women entrepreneur to the growth and development of economic and tries to make available to the women entrepreneurs of funds and grants through many of its agencies such as the Special Assistance Schemes through the Small and Medium Industries Development Corporation (SMIDEC). Based on previous studies, they indicated that the capital, networks affiliation, education, training and counseling, and usage of ICT are important factors influencing the growth of women entrepreneurs in Malaysia. These factors have become barriers to women entrepreneur to success.
According to studies that made by previous researchers, they mention that financial problem is some of barriers that make the women entrepreneur is hardly to success. Financial problem including difficulties to obtain start-up funds, financial management and development of effective marketing and strategy. Thus, for making the process to obtain the financial resources become easier, they must have a good relationship with bank party. Haynes and Helms (2000) stressed about importance of having a relationship with a bank in place at the time of the business lunch. This is because having access to financial resources and emphasizing the financial…...

Similar Documents

Premium Essay

Women Entrepreneur

...LETTRR OF TRANSMITTAL 17TH DECEMBER, 2012. TO Dr.A.K.M.Helal ul zaman Director of MBA program Faculty of Business ASA University Bangladesh. Subject: Women Entrepreneurship A study on some selected Boutique Business in Chittagong. Dear Sir, This is a great honor for us to hand you the report about Women Entrepreneurship: A study of some selected Boutique business in Chittagong, completed on different boutique house belongs to women’s. However, we have tried to attain practical knowledge of entrepreneurship. We have learned the practical experience of entrepreneurs and achieved some theoretical knowledge about it. We also find out the present situation of the women entrepreneurs and recommend the future steps that must be taken by Govt. for the improvement of women entrepreneurs. We appreciate having worked under you and to complete the report under your course teacher. Sincerely Yours, Name | Signature | Masudur Rahman | | Raihanul Islam | | Md.Hediatul Islam | | Md.Habibuzzaman | | Md.Tanvir Reza | Bachelor of Business Administration (B.B.A) Batch: 10th (A) ACKNOWLEDGEMENT Preparing a report requires a number of people’s contribution. The group members of “Proactive” do their part efficiently. We would like to recognize just a few people who contributed to this report. We would like to express our gratitude to all those who gave us the possibility to complete the report. We are highly......

Words: 7802 - Pages: 32

Free Essay

Sme Guide in Uganda

...Small and Medium Enterprises Business Guide SMALL AND MEDIUM ENTERPRISES (SME) BUSINESS GUIDE SUPPORTED BY MARCH 2008 1 Uganda Investment Authority © 2008 Small and Medium Enterprises Business Guide Foreword The Uganda Investment Authority (UIA) is proud to introduce this first Small and Medium Enterprises Business Guide. Small and Medium Enterprises (SME) are the backbone of the Ugandan economy. They contribute to job creation and poverty reduction. SMEs need to be supported to grow from small enterprises to medium and large businesses. This guide provides information and contacts on business licensing, access to finance, entrepreneurship skills training, business development services, and taxation/incentives. I wish to especially thank the Icelandic International Development Agency (ICEIDA) which has funded not only this guide but also entrepreneurship skills training and business development support for SMEs. Uganda Investment Authority has partnered with Makerere University Business School, Management Training and Advisory Centre and Uganda Women Entrepreneurs Association Limited to deliver these services. To my fellow entrepreneurs, I encourage you to use this Small and Medium Enterprises Business Guide to increase the profitability of your business. Patrick Bitature Chairman Uganda Investment Authority 2 Uganda Investment Authority © 2008 Small and Medium Enterprises Business Guide Table of Content I. INTRODUCTION ............

Words: 21882 - Pages: 88

Premium Essay

Women Entrepreneurs

...leadership. Some of these strategies include exposing female youth to leadership initiatives, career concepts and inspiring role models, enriching the curriculum to incorporate courses in leadership education and so on. Empowering females for future leadership has high prospects. It could include increasing female’s potentials that will could to building a virile nation, producing better women, better home makers, better future leaders and a better society. NO KEY WORDS __________________________________________________________________________________________ Keywords: youth empowerment, female youth, leadership, higher education, gender inequality, empowering strategies __________________________________________________________________________________________ I TRODUCTIO Access to education is an indication of females’ Education is an important tool for promoting gender status in a nation (Aina 1994). This is supported by equality and advancement of female youths in socioOnokala and Onah (1998) while Duyilemi (2007) economic and political development of nation. Female youths who later translate to women are at noted that the percentage of female in the academic the center of activities in the family, society, the sector is still very low. The co-existence of male and community and all facets of life. Their contributions female has been observed to witness inequalities and to the household chores, income earning activities, discrimination against females. Okiyi (2005) for......

Words: 3870 - Pages: 16

Free Essay


...Political Science Post graduate studies Economic Department Finance for Growth and Role of SMEs An Application to Egyptian Case Prepared by: 1- Amr Hassan Elkady 2- Nashwa Mohamed Hussein Presented to: Prof. Hala El-Saied 2010 In September 2004, the Financial Sector Reform Program was launched and endorsed by the Government of Egypt at the highest political level. The five pillars of the program are reforming the banking sector, restructuring the insurance sector, deepening the capital markets, developing a well functioning mortgage market, and activating other non-bank financial institutions and services. The program aims at improving the soundness of the financial sector and promoting an enabling environment for an efficient, competitive and agile financial system that serves Egypt’s development and growth objectives. The progress and pace of the Egyptian Financial Sector Reform Program have been commended at home and abroad. However, we still have some way to go to fully reform the sector and address its main challenges; one of which is ensuring better access to financial services which is imperative to economic growth and development. Improving access to finance allows businesses, especially small and medium enterprises, to capitalize on their......

Words: 5415 - Pages: 22

Premium Essay

Women Entrepreneurs

...empowerment. Modern women have traded into almost all spheres and have proved themselves which were previously the exclusive domain of their male counterparts. Endowed with famous female institution that helps them make the right choices even in situations where experience and logic fail, women have innate flair for entrepreneurship. They are natural networks and relationship builders, forging powerful bonds and nurturing relationship with clients and employees alike. They are more inclined to seek out mentors and develop supportive teams. Women entrepreneurs need to be landed for their increased utilization of modern technologies increased investment, finding a niche in the export market creating a sizable employment for others and setting the trend for other entrepreneurs in the organized sector. Gender equality and economic development go hand in hand. The emergence of women entrepreneurs and their contribution be national economy is quite visible in India. They now constitute around 10% of the total number of entrepreneurs with a rapidly increasing trend. The growing recognition that the women have unique talents which could be harnessed for development, and for creating employment opportunities for others who are not suited to an entrepreneurial career, developing women as entrepreneur has become an important and integral part of national development planning and strategies. With corporate eager to associate and work with women owned business and a......

Words: 438 - Pages: 2

Premium Essay

Entrepreneur Intention Among Sme Owners

...ENTREPRENEURIAL INTENTIONS AMONG SME OWNERS. PROBLEM STATEMENT: The role of national culture is important in verifying the behavior of people in all parts of life. This behavior likewise guides people towards picking between doing work or beginning an individual business. Small work has been seen urgent to explore the influences of society on improvement of entrepreneurial intentions of citizens in the nation. Society incorporates uncertainty avoidance, power separation, and individualism versus collectivism, gender differences and long term orientation versus short term orientation Our study will note that social components for example uncertainty avoidance, power distance, individualism & collectivism and male dominancy are effecting unfavorably on the development of entrepreneurial intentions in Pakistan. BACKGROUND: The force of progress has sway all business substances from little to extensive. Each substance needs to handle with gigantic innovative, geological, political, economical, legitimate and social change. Despite the fact that the dynamic environment has come about as most amazing test for the countries, they have some way or another figured out how to support the chances with clear dreams, dedicated workers, durable organizational society, group introduction and unwavering strategies. In this way it has been checked through examines that countries attain focused focal point by constantly battling with the change which influences distinctive......

Words: 2369 - Pages: 10

Free Essay

Women Entrepreneurs Success

...a brand to women entrepreneurs Outstanding performance of NAWEM member PERSONAL ENTREPRENEURIAL COMPETENCIES •  an (2001) defines entrepreneurial competencies as individual characteristics, M knowledge and skill that lead to effective or higher entrepreneurial job performance; which can be assessed through the behaviors of entrepreneurs. INTERNAL MOTIVATION •  efer to the driving force that comes from inner side of someone that lead to a R good performance because of the satisfied feeling when success to accomplish something (Fleming, 2010). FAMILY SUPPORT •  efer to the driving force that comes from inner side of someone that lead to a R good performance because of the satisfied feeling when success to accomplish something (Fleming, 2010). INSTITUTIONAL SUPPORT •  he external support received by women entrepreneurs obtain from government T organizations, financial institutions and other institutional support (Ranasinge, 2011) Variables Women Entrepreneurs’ Success Personal Entrepreneurial Competencies Internal Motivation Family Support Institutional Support Model/Author Syed, Fauzi and Asiah, (2010), Salfiya and Gunapalan, (2012), Ranasinghe, (2011) Ranasinghe, (2011) Syed, Fauzi and Asiah, (2010), Salfiya and Gunapalan, (2012) Syed, Fauzi and Asiah, (2010) Salfiya and Gunapalan, (2012) Adapted/New Adapted Adapted Adapted Adapted Adapted Personal Entrepreneurial Competencies Internal Motivation Women Entrepreneurs’......

Words: 1135 - Pages: 5

Premium Essay

Brac Bank Sme Activities

...and small entrepreneurs and individuals all over the Bangladesh. Just as BRAC Bank has a corporate identity, they have a social identity too. As a Bank they are socially responsible. Fifty percent (50%) of BRAC Bank’s loan portfolio is diverted to Small and Medium enterprise Banking, and as a financial intermediary they channel funds from the surplus end to the needy. Country-wide network of SME Units centre to the end of small entrepreneurs to help them build their asset base. BRAC Bank is market leader in SME, striving for socio-economic upheaval in Bangladesh. The bottom line is, BRAC Bank do not support any finances that are detrimental to our environment. Some Important Features: * A portion of BRAC Banks revenue is channeled to support BRAC schools, where children study for free. 70% of these children are female. * Fastest growing Bank in the country for the last three years; * Leader in SME financing through 460 offices; * Biggest suit of personal Banking and SME products; Large ATM’s and POS network. The Bank consists of major divisions named: 1) Corporate banking, 2) Retail banking, 3) Treasury, 4) Small & Medium Enterprise (SME). 2. Division of BRAC Bank Ltd: There are five different business units generating business BRAC BANK Limited: I. Small & Medium Enterprise (SME) II. Corporate Banking III. Retail Banking IV. Treasury V. Remittance Services 2.1Products and Services * SME Banking......

Words: 8743 - Pages: 35

Premium Essay

Sme Financing

...SME Financing in the United Arab Emirates SME Financing in the United Arab Emirates Executive Summary 1. Introduction & Context 1.1 Background to the Study 1.2 Objectives of this Work 1.3 Consultations 1.4 Limitations 2.1 Definition of ‘SME’ 2.1.1 EU Definition of SME 2.1.2 World Bank Definition of SME 2.1.3 Criteria Used by Banks to Define SMEs 2.1.4 UAE Definitions of SME 2.2 Current overview of SME prevalence in Abu Dhabi/UAE 3.1 Scale of SME Finance in the UAE 3.2 Supply of Finance by Type 3.3 Sources of Finance 3.4 Stakeholder Mapping 3.5 SME Access to Finance Process 3.6 KPIs / metrics and baseline data 4.1 Key Findings – Supply Side 4.2 Key Findings – Demand Side 5.1 International Research Findings on Key Obstacles to Improving SME Access to Finance 5.2 Critical Success Factors to Improving Access to Finance for SMEs 6.1 Leading Practice SME Ecosystems: Singapore and the United Kingdom 6.2 Key Lessons Learned for the UAE 6.3 Detailed Review of Leading Practice and Regional Comparator Ecosystems 6.3.1 Singapore 6.3.2 United Kingdom 6.3.3 Jordan 6.3.4 Qatar 7.1 The core issues 7.2 n overview of the opportunities for KF and other (public and private) entities to A support SME access to finance in Abu Dhabi / UAE 7.2.1 Legal and Regulatory Transparency 7.2.2 Access to information 7.2.3 Capacity Building 7.2.4 Diversify SME Financing Mechanisms 7.3 Criteria 4 5 5 6 6 6 7 7 7 8 8 8......

Words: 11531 - Pages: 47

Premium Essay

“the Role of Women as Entrepreneurs and Business Leaders in Saudi Arabia: Business and Ethical Implications”

...sector interest. It leads to growing concern about the role of women in the economic environment, with legal and ethical consideration of the women’s role in the existing socio-cultural make-up of the country. The way in which countries like Saudi Arabia, have developed a domestic organized economy that is based on entrepreneurship is a hypothesis that has been widely tested and cited within the existing body of Literature. Although many academic experts believe that Middle East countries still retain a promising potential for growth (Shachmurove, 2004), major obstacles in terms of detrimental factors such as corruption, unclear regulations and reliance on oil have also recognized. Women are therefore believed to play a primary role in the entrepreneurial future of the region. In order to leverage on the untapped potential of economic growth of this country by utilizing and capitalizing on the potential contribution of the female entrepreneurs towards success of economic projects that are being carried out in Saudi Arabia, in compliance with the ethical dimensions that are deemed critical in the middle east region. Although, plethora of empirical works and research reports in this field illustrate the major critical success factors of entrepreneurship and innovation within the Middle East area, there is still very low level of attention that has been dedicated to the analysis of the role of women as Entrepreneurs: this essay tries to fill the existing lack of......

Words: 2411 - Pages: 10

Free Essay

Smes in Bd

...also called small and medium enterprises (SMEs) or small and medium-sized businesses (SMBs) are businesses whose personnel numbers fall below certain limits. These are the most common businesses found across most of the world’s economies. The World Bank Review on Small Business Activities establishes the commitment of the World Bank Group to the development of the small and medium enterprise (SME) sector as a core element in its strategy to foster economic growth, employment and poverty alleviation. In the context of Bangladesh, the development of Small and Medium Enterprises (SMEs) can be considered as a vital instrument for poverty alleviation and ensure the rapid industrialization. So we can say that the role of Small and Medium Enterprises (SMEs) is indispensable for overall economic development of a country particularly for developing countries like Bangladesh. It has drawn a lot of interest among policy makers, academics, businessmen and people in general. Government of Bangladesh has highlighted the importance of SME in the Industrial Policy-2005. SMEs have been identified by the Ministry of Industries as a ‘thrust sector’. As the SME sector is labor intensive, it can create more employment opportunities. For this reason government of Bangladesh has recognized SME as a poverty alleviation tool. As a result they will enhance the standard of living in rural areas. SMEs (Around the world) : Although the definition of what an SME is varies across nations, the most widely......

Words: 6439 - Pages: 26

Premium Essay

Entrepreneur Women; Adeniji Damilola

...Adeniji Damilola – UrbanMakes (MAKS) UrbanMakes ( is an online hair and body shop, that allows females and even males easily obtain quality or well-known brands of hair and body products. 1. PERSONAL BACKGROUND AND FAMILY HISTORY OF THE ENTREPRENEUR? Adeniji Damilola, founder of UrbanMakes, is Nigerian by birth and comes from a family of four (4). 2. HOW DID SHE START? WHAT PROMPTED HER TO START? She found herself always hunting for hair products when she came to Accra from Nigeria which was hardly ever successful. When she finally found the products after a long search, they were often above her budget. She said, “…the desire to make quality, “hard to find” products easily accessible at super affordable prices inspired me to start UrbanMakes.” 3. AT WHAT AGE DID SHE START? Adeniji Damilola started this business at the age of 21. 4. DID SHE EXPERIENCE ANY FAILURES? Adeniji Damilola, like most or all entrepreneurs, also experienced failures. 5. IN WHAT WAY DID SHE FAIL? (b) HOW MANY TIMES? Damilola Adeniji mainly experienced failures from selling at events. This usually happens if enough sales are not made to cancel out the cost of purchasing a stand at the event. She has participated in many events hence there is no definite number of how many failures she experienced. 6. DID SHE RECEIVE ASSSISTANCE FROM SOMEONE? Damilola did not receive assistance from anyone. She financed and motivated herself along the way. ...

Words: 1711 - Pages: 7

Premium Essay

Sme in Bangladesh

...OVERVIEW Small and medium enterprises (SMEs) occupy unique position in most of the countries especially in a developing country. They are a primary target for many countries desiring to stimulate economic growth and development. The SMEs sub-sector plays an increasingly dominant role in the technology assimilation and dissemination and in economic development in Bangladesh as well. In Bangladesh, SMEs playing a significant role for the development of our economy by creating employment opportunity and producing important alternative machines and machinery parts for saving huge foreign currency for our country. So as a part of our development strategy, we should intensify our efforts to develop this sector to grow industrial base and volume of foreign trade. As we know the in this age of globalization, it is impossible to stop the flow of foreign goods to any country. Only quality products can meet the challenges in global market. For meeting this situation SMEs need to upgrade their technological capabilities and production facilities in order to produce quality products at a competitive price. DEFINITION Small and medium enterprises or small and medium-sized enterprises (also: Small and Medium-sized Enterprises; acronym in the plural: SMEs; small and medium businesses or small and medium-sized businesses, acronym: SMBs; and variations thereof) are companies whose headcount or turnover falls below certain limits. Enterprises Fixed Capital......

Words: 5315 - Pages: 22

Premium Essay

Prime Bank and Sme

...Summary: Prime Bank is one of the leading private bank in our country. Accordingly, Prime Bank was created and commencement of business started on 17th April 1995. The sponsors are reputed personalities in the field of trade and commerce and their stake ranges from shipping to textile and finance to energy etc. Prime Bank is being managed by a highly professional and dedicated team with long experience in banking. They constantly focus on understanding and anticipating customer needs. As the banking scenario undergoes changes so is the bank and it repositions itself in the changed market condition. From 1999, Prime Bank introduces SME loan for small and medium enterprise(SME) .It provides SME loan from its 17brances for development SME in our country.It provides 2lac to 50lac taka loan according to rules and regulation of this bank. There are six SME loan pacage of this bank.Those are 1.Sahaj Rin 2.Sampad Rin 3.Chalti Rin 4.Moushami Rin 5.Digun Rin 6.Anchol About Prime bank: Prime Bank has already made significant progress within a very short period of its existence. The bank has been graded as a top class bank in the country through internationally accepted CAMELS rating. The bank has already occupied an enviable position among its competitors after achieving success in all areas of business operation. Prime Bank offers all kinds of Commercial Corporate and Personal Banking services covering all segments of society within the framework of Banking......

Words: 2444 - Pages: 10

Premium Essay

Women Entrepreneurs in Smes Bangladesh Perspective

...Women Entrepreneurs in SMEs: Bangladesh Perspective Sponsored by: SME Foundation Conducted by: MIDAS November 2009 Table of Contents Acronyms List of Tables and Figures Executive Summary Chapter 1.0 1.1 1.2 1.3 1.4 1.5 1.6 Chapter 2.0 2.1 2.1.1 2.1.2 2.1.3 2.1.4 2.1.5 2.1.6 2.2 2.3 2.4 2.5 2.5.1 2.5.2 2.6 3.0 4.0 4..1 4..2 5.0 5.1 5.2 5.3 5.4 6.0 6.1 6.2 6.3 6.4 6.4.1 6.5 6.6 6.7 6.7.1 6.7.2 7.0 7.1 Introduction Statement of the problem Significance of the study Objective of the study Theoretical perspective of the study Scope of the study Limitations of the study Study Methodology Primary Research Location of the survey Sample Size Support Service Providers Methods of Data Collection Techniques of Data Collection Techniques of Data Analysis Secondary Research Focus Group Discussion (FGD) Key Informant Meeting (KIM) and Preparation of Case Studies Planning Workshops (PW) Planning Workshop Dialogues in the 6 Divisional HQs Discussions at Planning Workshops National Dissemination Seminar (NDS) Literature Review Entrepreneurship Concept of Entrepreneurship: A theoretical discussion Entrepreneurship in Bangladesh Women Entrepreneurship in Bangladesh History of Women Entrepreneurship Development in Bangladesh Women Entrepreneurs of Bangladesh Women Entrepreneurship in Urban Areas Women Entrepreneurship in Rural Areas Small & Medium Enterprises (SMEs) Definition of SME Theories of SME SMEs in Bangladesh Promotion of SMEs for Sustainable Development Access to......

Words: 136702 - Pages: 547