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Global


The entry posted by Nan yesterday made me think of the results in the 2005 GEM Report on Women and Entrepreneurship and the massive impact that women's businesses have worldwide. GEM data show that women now represent more than one-third of all people involved in entrepreneurial activity and are likely to play an even greater role when the informal sector is considered.

Because of my interest in poverty and growth, I find particularly compelling the fact that across the 35 participating GEM countries in 2005, middle-income countries such as Venezuela and Thailand exhibited the highest women's early-stage entrepreneurial activity prevalence rates. Clearly, most of these businesses are low growth and located in traditional consumer-oriented sectors.  Nevertheless, they represent a significant way for women, who may have no alternative access to standard labor markets, to produce income for themselves and their families.

Although, regardless of country, men are still more likely to be involved in entrepreneurial activity than women, the increase in the absolute number of women involved in starting and growing businesses is a heartening sign of how entrepreneurship, by making a difference for these women's lives, generate positive externalities on whole economies as well.

In fact, worldwide, female and male entrepreneurs show very similar patterns for the expected growth potential of their businesses, based upon their use of technology, level of competition, and novelty of products or service offering. Even more interesting is the fact that the percentages of entrepreneurs who expect some or profound growth potential for their businesses is somewhat higher for female entrepreneurs than male entrepreneurs. Thus, women are clearly participating in the mobilization of idle resources and contributing to economic growth.





Posted by Maria Minniti
At 9:15
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I'm writing from the First Global Symposium on Growth Strategic for Women Entrepreneurs currently underway in Stockholm through a partnership of the Diana Project and ESBRI (Entrepreneurship and Small Business Institute).  

I'm delighted to say that the speakers represent eleven countries, including Canada, Denmark, Germany, Ireland, Lithuania, Northern Ireland, Norway, Russia, Sweden, USA, and Wales.  The panelists and the audience include entrepreneurs, entrepreneurship service providers, policy makers, and academics. 

I'd like to share some words of wisdom from our first keynote speaker - Myra Hart, a professor at Harvard Business School.  Myra based her talk upon a combination of the book Clearing the Hurdles: Women Building High Growth Businesses and her experiences as one of the founding team members of Staples.  

She also had some fun in sharing this recipe - newly created just for the conference.

A Recipe for Growing Your Business:

Ingredients:                  
1 great concept
1 scaleable business model
1 practical operational plan
1 pinch of inspiration
2 or 3 committed partners
Cups of cash

  • Combine all ingredients in a high growth industry
  • Mix thoroughly
  • Let sit overnight (or longer)
  • Turn out and knead carefully
  • Bake in pre-heated economy
  • Test often
  • Garnish with optimism and enthusiasm
  • Serve generously

 





Posted by Patricia Greene
At 9:15
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Several years ago when I was a visiting faculty member at London Business School there was a poster in the hallway outside my office.  A quote from Andre Gide, it said:  "One does not discover new lands without consenting to lose sight of the shore for a very long time."

I am getting ready to "to lose sight of the shore" for three weeks as I travel and do some work in Northern Ireland and Switzerland and vacation in Italy. I fully expect to discover, as I always do, new worlds being shaped by women on distant shores.

In Northern Ireland I'll have time with  many of the wonderful  women I have met and worked with over the past ten years; women who are entrepreneurs, leaders in the corporate and not-for-profit sectors and in the civil service.  A February 2006 report on women in the workplace in Northern Ireland, (www.detini.gov.uk) gives us a snapshot of the opportunities and the great challenges for women in Northern Ireland and the 2005 GEM Report on Women Entrepreneurs widens the lens to include women around the world.  But neither of these reports can really capture the power and courage of these women who are changing their lives, their workplaces and their worlds. You have to be there.  

In Switzerland, as a part of the International Teacher's Program, I will be reconnecting with about four dozen young colleagues (including twelve women) who teach in business schools around the world. Although the young ITP women make up about a quarter of this group (women faculty in  U.S. business schools now averages about 14%), in their countries, universities and departments these young women are often a very, very tiny minority. None of them has a female president or dean and only two have (or ever had) a woman as the department chair. Most of them have only a handful of senior female role models. Rarely do they have more than two female colleagues in their department or division.  They teach in classrooms where there are few women students. They are preparing students to enter a world of work where women in leadership remains the exception.

But they are intellectually formidable and  fearless and (sometimes) even fortunate to reside in countries that have (by U.S. standards) very liberal family leave policies, stable and well funded child care and (particularly by U.S. standards) very generous paid vacations! And now they also have one another as a strong, supportive network.

So I'm going to spend two weeks listening and learning (and no doubt laughing) with these amazing women.  I will consent to lose sight of a shore that is familiar, if not entirely exemplary.  I will no doubt discover very new lands.





Posted by Janelle Shubert
At 9:32
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