Female Entrepreneurs Essay Example | Topics and Well Written Essays - 4500 words

Female Entrepreneurs - Essay Example The paper has clearly brought out the fact that the managerial qualities of women are entirely different from male entrepreneurs and it rests a great deal on the circumstances that motivate her to establish her own business set-up, apart from her own characteristics and qualities that she has imbibed. The management techniques adopted by them and their impact on the organizational performance are brought to fore by interviewing few female entrepreneurs in UK by providing them with a questionnaire. The result showed that though charismatic and transformational leadership are made use of by the women entrepreneurs, the driving force that makes them into a success story is the relational approach practiced by them, which includes open communication, sharing of information, empathising and nurturing of the employees. The management techniques adopted by women have shown more number of employees in female owned enterprises than others. Consequently, the number of female entrepreneur billionaires has been increasing at a fast pace and we hope to have double the number of women entrepreneurs in the next five years. The importance of women entrepreneurs has been greatly fe... 1. Introduction The importance of women entrepreneurs has been greatly felt across the globe in the last decade. Interestingly, in developed countries, women own 25% of total businesses and are starting up new ones at a faster rate than men (Woldie and Adersua, 2004). Infact, besides making a contribution to the economy, women through their different management styles have been adding innovation, diversity and choices to the business organizations they own. While studies done in the past have improved the understanding about female entrepreneurs, the issues which have not been addressed in-depth are - What are the management styles adopted by women and how do they affect or have an impact on various aspects of organizational performance. This paper, will, therefore, focus on the growing number of women entrepreneurs in the last decade, their management styles, the impact of their management strategies on the success of the organization and whether their style is different from their male counterparts or not. The purpose of this report is to provide information on this research topic which will be used as a basis for my third year project for the BA Honours for Business degree with a management minor at Croydon College. As a woman in business I have spent over twelve years conversing and engaging in business activities with many other women and it has intrigued and inspired me to investigate, explore and examine a few of the variables that make a woman into a successful entrepreneur. As part of the research, I also want to investigate management styles to understand if there are any particular types of management styles which assist the women in becoming successful and how do they differ from management styles adopted by their male counterparts. I have personally